Tickmill started accepting traders in 2014, and ever since, it has grown to become one of the popular forex and CFD brokers globally. It is a safe broker to invest and trade with since it not only keeps your trading funds in a segregated account, but tier-one financial authorities also oversee it.
- Ultra-low spreads starting from 0.0 pips and low commissions.
- Free transactions.
- No inactivity charges.
- $100 minimum deposit requirement.
- Outdated design trading platform.
- Research tools are limited.
Tickmill – Who Are They?
With barely less than a decade in existence, Tickmill has managed to register over 350,000 clients willing to trade forex and CFDs. Millions of trades are conducted monthly, making it one of the best forex and CFD brokers globally.
Several authorities regulate Tickmill, including the Financial Conduct Authority (FCA) in the UK, FSCA, and the Financial Services Authority (FSA) in Seychelles. The broker also has an easy-to-use MT4 trading platform that has customisable features to suit all traders. What’s more, the copy trading platform allows you to follow the professional traders’ tested and tried strategies and make good profits out of them.
You can easily create a trading account at Tickmill, and with only $100, you will start trading the financial markets it offers. Additionally, the trading fees the broker charges are low, and you will not incur any inactivity fees. This makes it an excellent choice for low-budget traders.
Other than forex trading, you can trade CFDs across various markets, including indices, commodities, bonds, and cryptocurrencies. It’s easy to diversify your portfolio with the assets Tickmill offers and gain from frequent asset price changes.
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Our Opinion About Tickmill
Our experience at Tickmill led us to conclude that the forex and CFD broker is user-friendly. It will only cost you $100 to start trading on the real markets while incurring low commissions and spreads.
There are various modes of payments that Tickmill allows, such as bank transfers, debit/credit cards, and e-wallets like PayPal, Netteller, and more. Although we didn’t like the outdated web design of Tickmill, it executes trades fast on its MetaTrader 4 platform. It also offers an excellent mobile app to help you manage your trades on the move.
Another element that got our attention is Tickmill’s customer service. They respond to traders’ questions and concerns fast and are reachable via phone, email, and live chat. The customer support is also available round the clock, even though for only five days a week.
If you are a newbie trying to venture into forex and CFDs, Tickmill is worth considering. The broker hosts excellent learning resources like tutorial videos, webinars, and articles. There is also a user-friendly demo account that is fully loaded with virtual funds to let you experiment and practice trading before trying the real markets.
Ultimately, Tickmill is a primary choice for low-budget traders who place multiple trades within a day. Although you can only trade forex and CFDs across various assets, we still believe traders can diversify their portfolios with this broker and earn good profits.
Does this broker offer guarantee stop-loss?
TickMill does not offer guaranteed stop loss. With guaranteed stop-loss protection risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.
They are a well-known broker but I wouldn’t say they provide the best trading conditions for traders.
A broker with a little better leverage will certainly help you grow your account better. But it is a good idea to stick to well-known brokers like eToro or Oanda.