Tickmill is one of the most popular Forex and CFD brokers, highly rated for its low trading costs and transparency. But is Tickmill truly a reliable broker for traders? Let's dive into this comprehensive review.
1. Overview of Tickmill
✔️ Founded: 2014
✔️ Headquarters: London, United Kingdom
✔️ Regulations:
✔️ Headquarters: London, United Kingdom
✔️ Regulations:
- FCA (UK) – Top-tier financial authority
- CySEC (Cyprus) – Cyprus Securities and Exchange Commission
- FSCA (South Africa) – Financial Sector Conduct Authority
- FSA (Seychelles) – Financial Services Authority
Tickmill is licensed by reputable financial institutions, enhancing its credibility and ensuring investor protection.
2. Tickmill Account Types
Tickmill offers three main account types to suit different trading needs:
Account Type Minimum Deposit Spread from (pips) Commission Maximum Leverage
| Classic | $100 | 1.6 | 0 | 1:500
| Pro | $100 | 0.0 | $4/lot | 1:500
| VIP | $50,000 | 0.0 | $2/lot | 1:500
💡 Review:
- The Classic account is suitable for beginners but has higher spreads.
- The Pro account has low spreads but includes commission fees, making it ideal for scalpers and day traders.
- The VIP account is designed for high-net-worth traders with lower trading costs.
3. Trading Instruments
Tickmill provides a wide range of trading instruments, including:
- Forex: 62 currency pairs (majors, minors, and exotics)
- Stock indices: S&P 500, NASDAQ, Dow Jones, etc.
- Commodities: Gold, silver, Brent crude oil, WTI crude oil
- Bonds: German Bund, Schatz, BOBL
- Cryptocurrencies: Bitcoin, Ethereum, Litecoin, etc.
💡 Review: While Tickmill offers a diverse product range, it lacks individual stocks and ETFs.
4. Trading Platforms
Tickmill supports two main trading platforms:
📌 MetaTrader 4 (MT4)
- Full range of technical indicators and charting tools
- User-friendly interface, ideal for beginners
- Supports automated trading via Expert Advisors (EAs)
📌 MetaTrader 5 (MT5)
- Faster execution speed than MT4
- Supports stock and bond trading
- Improved economic calendar and analysis tools
💡 Review: Tickmill only supports MT4 & MT5, lacking proprietary platforms like cTrader or TradingView.
5. Trading Fees & Spreads
✔️ Spreads (Bid/Ask Difference)
Currency Pair Classic Pro VIP
| EUR/USD | 1.6 | 0.1 | 0.1
| GBP/USD | 1.8 | 0.3 | 0.3
| USD/JPY | 1.5 | 0.2 | 0.2
✔️ Commission Fees
- Classic Account: No commission
- Pro Account: $4/lot (round turn)
- VIP Account: $2/lot (round turn)
💡 Review: Tickmill offers some of the lowest trading fees, especially for Pro & VIP accounts.
6. Order Execution Speed
- Tickmill provides ultra-fast execution with an average speed of 0.15 seconds.
- Minimal slippage, even in volatile market conditions.
- No requotes (price manipulation).
💡 Review: Tickmill is ideal for scalpers and day traders due to its fast execution speed.
7. Deposit & Withdrawal
✔️ Payment Methods:
- Local Bank Transfers in Vietnam (Free)
- Visa/Mastercard
- E-wallets: Skrill, Neteller, WebMoney
- International Bank Transfers
✔️ Processing Time:
- Deposits: Instant or within 1 hour
- Withdrawals: 1-24 business hours
💡 Review: Tickmill provides free withdrawals and fast processing times.
8. Customer Support
- Live chat: Available 24/5 (supports Vietnamese)
- Email: support@tickmill.com
- International hotline: +44 203 608 6100
💡 Review: Tickmill offers Vietnamese support, but no 24/7 live chat.
9. Promotions & Bonuses
- $30 Welcome Bonus for new clients
- Rebate up to $0.75 per lot
- Trading contests with cash prizes
💡 Review: Tickmill has attractive promotions for both beginners and experienced traders.
10. Pros & Cons of Tickmill
✔️ Pros:
✅ Regulated by top-tier authorities (FCA, CySEC, FSCA)
✅ Low spreads & trading fees
✅ Fast execution speed with no requotes
✅ Free & fast withdrawals
✅ Vietnamese customer support
✅ Regulated by top-tier authorities (FCA, CySEC, FSCA)
✅ Low spreads & trading fees
✅ Fast execution speed with no requotes
✅ Free & fast withdrawals
✅ Vietnamese customer support
❌ Cons:
❌ Limited trading products (No stocks or ETFs)
❌ No proprietary trading platform (Only MT4/MT5)
❌ No 24/7 customer support
❌ Limited trading products (No stocks or ETFs)
❌ No proprietary trading platform (Only MT4/MT5)
❌ No 24/7 customer support
Conclusion: Is Tickmill Right for You?
✔️ You should choose Tickmill if:
✅ You want to trade Forex & CFDs with low fees
✅ You need fast order execution with no requotes
✅ You prefer a regulated, transparent broker with fast withdrawals
✅ You want to trade Forex & CFDs with low fees
✅ You need fast order execution with no requotes
✅ You prefer a regulated, transparent broker with fast withdrawals
❌ You should NOT choose Tickmill if:
❌ You want to trade stocks & ETFs
❌ You prefer a modern, proprietary trading platform
❌ You want to trade stocks & ETFs
❌ You prefer a modern, proprietary trading platform
💡 Overall: Tickmill is one of the best choices for Forex & CFD traders, especially for scalpers and day traders who benefit from its low trading costs and fast execution speed.
