Tickmill

Tickmill Overview

Founded2014
PlatformMetaTrader 4, Web Trader
Minimum account size$25
Minimum lot size0.01
Tradable assets80+
Maximum margin1:500
Spread on EUR/USD0 pips
Payment methodsBank Transfer, Credit Cards, Skrill, Neteller, fasapay, China UnionPay, dotpay
Demo accountYes
Accepts Indonesian tradersYes
RegulatedFCA (UK), FSA (Seychelles)
SupportEmail, Phone, Live Chat
Websitewww.tickmill.com/id

 

Tickmill is an internationally regulated broker that was founded in 2014. They advertise their services to offer “supreme trading conditions ” but are they able to live up to this promise? Continue reading our detailed review to find out.

Trading Platform

They have two major platform offerings – the industry standard and fully customizable MetaTrader 4 and the web-based Web Trader which is easily accessible on almost any web browser. With these platforms, you can trade using desktops, tablet or even on your smartphone.

website Design

The designs for both platforms were very basic and easy to understand. In terms of speed, they load completely fast and don’t have any annoying splash screens so you can start trading right away.

Minimum Deposit

There are three types of accounts offered. The Classic and Pro requires a minimum deposit of $25 while the VIP account requires $50, 000. Based on our grading system.

Minimum Lot Size

Across all account types, the allowed minimum amount lot size is 0. 01 which is basically the industry regular.

Tradable Assets

Over 80 instruments can be traded on their platforms and this includes forex, CFDs, precious metals and bonds. While it may be a bit limited compared to other brokerages, the available instruments are mostly the ones that are preferred by most traders.

Payouts

The Classic account has spreads from 1 . 6 pips as the Expert and VIP accounts possess much more lower offerings at 0 pips for major currency pairs like the EUR/USD.

Withdrawal Time

It will only take 1 working day to process a withdrawal request with Tickmill and this is applicable for almost all the banking methods that they support and the good news is that they can don’t impose feeds on withdrawals.

Deposit and Withdrawal Methods

Bank Transfer, credit cards, Skrill, Neteller, fasapay, China UnionPay and dotpay are among the payment strategies that they support. Basically, they cover the most common repayment systems which is why

Customer Support

If you have questions, it would be better to check the FAQ section first because this already has most of the answers. Otherwise, you can get in touch with the client support team via phone, email or perhaps live chat. On our tests, it only took just a few seconds to get one of their agents on the line and they were very accommodating in answering all of our queries

Quoting Accuracy

They advertise that traders won’t experience any requotes on the platforms and this was proven to be true based on our exhaustive assessments. The execution speed was a fraction of a second and the market prices were in real time.

 

Pros

  • Fast execution
  • Spreads from 0 pips
  • Various trading tools
  • Special contests and promotions

Cons

  • Access to markets depends on account type

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