In this Tickmill forex broker review, we ll go over the positive points and cons of this newcomer to the forex trading industry. Traders like Tickmill s ultra-fast order execution and low spreads, and the company s reputation for regulatory transparency and customer support. Also, you can use their free demo account to try out their trading before making your real money deposits. Lastly, Tickmill doesn t charge withdrawal fees for customers, but it does reserve the right to charge maintenance and operation fees.
In addition to an excellent range of trading tools, Tickmill also offers a large team of analysts who provide daily technical and fundamental analysis. The company also provides a curated educational forum with videos of fundamental and technical asset market analysis, recorded webinars, and YouTube news updates. Overall, we found Tickmill to be a good choice for those new to the forex market, as it offers a variety of resources to help users learn the ropes.
In addition to forex trading, Tickmill also offers cryptocurrency trading through CFDs, although you can t trade the underlying assets. Moreover, if you re a resident of the United Kingdom, you re unable to open an account with the company. The company offers three types of accounts, including VIP and Pro, with prices that are among the lowest in the industry. However, if you re new to forex trading, you ll want to look at their trading fees before signing up.
The company is well-regulated, and it has been around for nearly four years. Tickmill has been in operation since 2014, and it s a member of the Financial Services Compensation Scheme FSCS and the Investor Compensation Fund. In addition to its licensing and regulatory status, Tickmill offers a variety of trading options, including forex, CFDs, stocks, commodities, indices, and more. It also offers support for MacOS, Android, iOS, and WebTrader.
Tickmill s minimum deposit requirement is $100. If you re looking for a higher minimum balance, however, you can opt for a VIP account. The VIP account is available to traders who d like to take advantage of special trading conditions. You can deposit funds using nine different methods, including Neteller and Skrill, which are both free options. Withdrawals are processed within 24 hours. The time taken for the funds to reach your bank account depends on your bank s policies.
Tickmill offers three types of trading accounts. The Pro Account charges a modest commission fee for each trade, while the VIP Account has a low commission. All three types of accounts offer competitive pricing and common spreads. Tickmill also offers four promotions: a no deposit bonus, a Trader of the Month contest, an Introducing Brokers Global Championship, and a weekly NFP machine campaign. The broker has won numerous awards and accolades in the forex trading industry, which helps to differentiate it from competitors.
In addition to its safety mechanisms, Tickmill offers several tools to help its customers diversify their portfolio. For example, customers can use the copy-trading platform to replicate the positions of successful traders. Additionally, they can make use of AutoTrade, a trading platform that automatically executes trade recommendations. This is especially useful for non-active traders. Finally, traders should be aware of the high risk of losing their money when trading.