Tickmill Review: India Edition 2025
Tickmill Review: India Edition 2025
There are also infographics and some degree of technical and fundamental analysis available on the assets offered. You will find an economic calendar to stay updated on current events, market sentiment indicators, a range of useful forex calculators, and a section dedicated to the latest industry news. TickMill also provides an extensive FAQ section that can help you answer any questions you may have without the need to call or contact the support team. TickMill Prime is the liquidity provider for the trading service which is also run by the company as their own forex and CFD liquidity provider. This helps ensure consistently deep liquidity that can result in you getting the very best asset prices available. When it comes to a VPS, this is provided by BeeksFX who offers a 20% discount if you are a TickMill client.
Is Tickmill Regulated? 🛡
Third-party tools such as myfxbook and VPS hosting incur an extra cost on the part of the trader. Tickmill offers three account types that vary in minimum deposit, required account balance and pricing. If anything, you know that other people like you are more than happy with the broker. If you find Tickmill doesn’t meet your needs, there are other leading forex trading platforms to consider.
The VIP account has a minimum balance of $50,000 and gives access to low commissions of $1 per lot (100k units) or $2 per round-turn standard lot. In comparison, the Pro accounts pricing is similar with an RT commission of only $4 per round-turn standard lot. You will only need a minimum deposit of $100 to access the Pro account.
Moreover, Tickmill is registered with BaFin in Germany, CONSOB in Italy, ACPR in France, and CNMV in Spain. To comply with licensing requirements, Tickmill must adhere to all the applicable Know Your Client (KYC) and Anti-Money Laundering (AML) checks. ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.
- Having reliable support can make a big difference, especially for new traders who might need extra guidance.
- While we received a response within 25 minutes on most occasions, there were instances where we did not receive a response at all.
- It has a clear and user-friendly design with an easy to use search function.
- Traders can benefit from some of the lowest spreads starting at 0.0 pips.
- A prize of either $200 or $500 (dependent upon the accuracy of the guess) is deposited into the trading account of the NFP Machine winner, a contest held during NFP week each month.
TickMill Compared To Other Brokers
TickMill is a no-dealing desk (NDD) broker that operates a hybrid execution model. This involves them being both a market maker and employing STP depending on the situation. They offer fast execution overall with an average speed of around 0.2 seconds per transaction.
These promotions highlight Tickmill’s commitment to rewarding and supporting its traders. Client funds are held in segregated accounts with reputable banks, ensuring they remain separate from the company’s funds. Additionally, Tickmill offers negative balance protection, so traders can never lose more than their deposit. In addition to these educational resources, Tickmill provides access to a number of resources to help your trading.
These commissions only pertain to a limited number of instruments, with stock indices, oil, and bonds excluded from paying trading commissions for each of these account types. The ongoing trading costs at Tickmill are extremely competitive on its commission-based account, but higher than average on its commission-free Classic Account. However, at 100 USD, the minimum deposits on the Classic and Pro accounts make them accessible to most traders. TickMill MetaTrader 5 (MT5) is a multi-asset trading platform with an extensive range of trading features and financial research tools.
However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders. Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like TickMill.Choosing or shortlisting a trading platform like TickMill can be time consuming. A simple online application is all that is needed to open a new account. New traders need to confirm their identity by sending a copy of their ID as well as one proof of residency document. The standard operating procedure across the brokerage industry ensures compliance with AML/KYC regulatory requirements.
Offers a wide range of trading instruments, including cryptocurrencies
You can trade a wide variety of instruments with TickMill over 600 instruments in fact. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses. Assets available on TickMill include Forex trading, CFD trading, Spread Betting, Social trading, . Tickmill is regulated and authorized by FCA in the UK by the trading name of Tickmill UK Ltd.
With Autochartist, TickMill traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save TickMill users time and makes the trading process more efficient. In addition, currency conversion fees may apply if the TickMill withdrawal and receiving currencies differ, adding to the overall transaction costs.
Wow, Thank you for taking the time to share your experience with us. Tickmill supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), both of which are widely used for Forex and CFD trading. Withdrawals are typically processed within 1 working day, regardless of the method used. Each month, Tickmill selects a standout trader and rewards them with a special prize to celebrate their achievements and motivate continued success. Yes, Tickmill is regulated across four jurisdictions by the FCA, CySEC, FSA, and FSCA, ensuring a high level of oversight and compliance with international financial standards.
Traders will gain access to Autochartist, a tool for automated technical analysis, forex news streamed right from investing.com , and a Myfxbook powers the economic calendar. All of this makes it quite easy https://traderoom.info/is-tickmill-a-brokerage-we-can-rely-on/ for strategies that aim to trade the news. Tickmill does not offer cryptocurrency or cryptocurrency traded as CFDs.