Tickmill Review 2024: Is It Legit or a Scam? Full Analysis

Tickmill Review 2024: Is It Legit or a Scam? Full Analysis

It was the first platform that I used for my day trading and haven’t looked back since. I have tried many other platforms but none can match the simplicity and functionality of MetaTrader in my humble opinion. The main feature from my point of view is that it is an ideal solution for running automated trading systems. I have multiple instances of MT4 running around the clock to test my strategies and compare brokers.

Tools

This is critical when a broker develops a complicated trading strategy in the hopes of making a good profit. A significant advantage is the ability to trade on a demo account before entering a live market. Spreads are a dynamic element, fluctuating based on market conditions. My experience revealed generally tight spreads on major currency pairs, particularly during regular trading sessions. During periods of high volatility or news releases, spreads might widen slightly.

These tend to be very competitive and also depend on the type of account you are trading with. As an example, here are some of the typical spreads you will find on major assets. You can open a Classic account as a retail trader or a professional client. TickMill does also provide you the chance to get into copy and social trading, though you must be outside the EU and UK.

Other trading platforms

The customer service was very helpful and knowledgeable enough.So far I was satisfied.If I started to trade again, I would definitely trade with Tickmill. BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing. Tickmill supports a variety of funding options including bank wires, and eWallets like Neteller, PayPal, Skrill, and credit card options, facilitating easy and quick account deposits and withdrawals.

Withdrawing funds from your Tickmill account is a relatively straightforward process. To get started, simply follow the Tickmill sign in process as usual and then head over to the dedicated ‘Deposit and Withdrawals’ area of the website. Once there, fill out a withdrawal form and submit it for processing by the Tickmill team. If there are any issues with your withdrawal request, a Tickmill contact will get in touch with you. This Tickmill review rates both the broker’s website and platform as highly usable. MT4 is the industry standard, and there are numerous online tutorials available for those who need help getting started, together with Tickmill’s own tutorials.

Is TickMill regulated and legit?

Tickmill, founded in 2014, has established itself as a notable player in the forex and CFD trading industry. It is not publicly traded but holds a high level of trust, evidenced by its authorization under top financial regulators including the FCA in the UK and MiFID in Europe. Tickmill focuses on providing competitive trading conditions, comprehensive educational resources, and robust trading platforms to cater to both novice and experienced traders globally. MetaTrader 5 is a well-known Forex trading online platform that offers several options to brokers with various accounts. The Metatrader software enables traders to swiftly switch between accounts and windows, allowing them to place orders quickly. According to Metatrader 5 reviews, this programme is one of the most popular among experienced Forex traders.

Reviews3.9

However, active traders will find the Raw account’s lower total trading cost a much better deal. When trading CFDs on Forex, Metals, Stock Indices, Oil, and Cryptocurrencies, use Autochartist, one of the most adaptable technical analysis tools, to make educated trading decisions. Tickmill provides Autochartist for free to all clients that have a live account. Our platform is free for users, earning commissions from some partners without extra cost to you. For more details, please refer to our General Terms and Conditions.

• Once a client provides all necessary information and documentation to open an account, onboarding is usually done within the same day.
• My only concern is that Tickmill Limited does not offer an alternative to CFDs, such as futures or vanilla options.
• You accept full responsibilities for your actions, trades, profit or loss, and agree to hold The Forex Geek and any authorized distributors of this information harmless in any and all ways.
• While Tickmill offers a variety of deposit and withdrawal methods, including bank transfers, credit cards, and e-wallets, some users have experienced delays in receiving their funds.
• That would have been convenient for crypto traders who encounter issues outside of regular business hours.
• For other clients, if your account balance is 10 USD or less and there is no login made for 90 days, then it will be automatically archived by the system.
• Whilst Tickmill process all withdrawal requests within 24 hours on business days, the time necessary for the funds to reach your bank account can depend on the policies of your bank.

• Tickmill has multiple account types that appeal to new and experienced traders and a low minimum deposit.
• These are English, German, Indonesian, Spanish, Portuguese, Italian, Vietnamese, Chinese, Russian, Arabic, Polish, Korean, Thai, and Malay.
• The platform supports Expert Advisors, and these are made easier thanks to the VPS services, which this Tickmill review feels are a strong offering.
• Tickmill provides an exceptional trading experience with a reliable platform and insightful market analysis.
• Whether you are a beginner looking for simple trading conditions or an advanced trader seeking low spreads, Tickmill has an option for you.
• I like how they broker has 3 account types to cater for the needs of different traders.

They are regulated in multiple jurisdictions which means that there are rules they must tickmill review comply with in order to protect investors. The eligible protection will depend on which entity of the broker that you open an account with. AvaTrade is another well-regulated broker that you might want to check out.

Tickmill offers a rebate program that rewards active traders with cash back based on their trading volume, helping reduce overall trading costs. The NFP Machine allows traders to take advantage of volatility during Non-Farm Payroll (NFP) releases with enhanced trading conditions for potential profit opportunities. Tickmill ensures the protection of your funds by offering insurance coverage through Lloyd’s, with amounts ranging from $20,000 to $1,000,000 in the event of insolvency. Additionally, funds are stored in segregated accounts with reputable banks. Financially robust and well-capitalized, Tickmill maintains sufficient liquidity to navigate challenging times.

These can be used to help improve your trading environment, market analysis and strategies. That being said, I do think the MT4 platform should have more than enough tools to meet most of your demands. You can also improve the platforms capabilities with a plethora of additional tools available in the MQL marketplace which you can access directly through the platform. You will also find lots of free and paid MT4 tools online and can even build your own using the MQL editor which you can also access from within the platform.