Company name: Tickmill / Tickmill Ltd
Founded: 2014
Headquarters: Seychelles
Regulatators: CY CYSEC / UK FCA / ZA FSCA / SC FSA / LB FSA
Minimum deposit: $100
Maximum leverage: 500:1
FEATURES:
- Extremely competitive trading costs
- Fast order execution speeds (ideal for trading with EA’s)
- Highly-regulated online broker
- Excellent range of educational materials
Note: BEST FOREX BROKERS 2023 – RATING SCORE OF 4.8 OUT OF 5.0
Tickmill has low Forex and non-trading fees. Account opening is fast, easy and fully digital. You can use many options for deposit and withdrawal, and they’re all free of charge!
Tickmill reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more.
Tickmill Review | Tickmill Rebates – Forex Broker Rating
Table of Contents
- Tickmill Review | Tickmill Rebates – Forex Broker Rating
- Tickmill Overall Rating
- Tickmill Regulation – Money Protection
- Tickmill Cashback Rebates
- Web Traffic
- Tickmill Profile
- Tickmill Asset Classes
- Tickmill Account Types
- Tickmill Demo Account
- Tickmill Pricing
- Tickmill Deposits / Withdrawals
- Tickmill Popularity
- Trading Education
- Tickmill Promotions
- Tickmill FAQs
- Tickmill Review – Final Considerations
- Try this Forex broker risk-free! Click here and open a Tickmill Trading Account
We start our Tickmill review by highlighting the key features of this global CFD broker.
Tickmill Overall Rating
Currently the broker receives a score of 4.8 out of 5.0.
Tickmill represents an excellent choice for retail investors looking for safety of funds as this highly-regulated broker is supervised in Europe by the Cyprus CySEC and by the UK’s FCA.
Also positively, the Tickmill broker boasts some of the most competitive trading costs in the industry, with tight spreads, and some of the lowest trading commissions for its ECN type range of accounts. Tickmill is also recommended by the trading community as the broker to trade with Expert Advisors, thanks to its low latency servers and ultra-fast order execution speeds.
On the downside, traders may experience frequent slippage while trading with Tickmill – both positive and negative – a feature of forex brokers offering an ECN trading environment, and wider than average spreads between the NY session closing and the Asia session opening.
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Tickmill Regulation – Money Protection
Currently the broker receives a score of 5.0 out of 5.0.
It’s possible to open a live trading account with Tickmill with any of its regulated entities, two in Europe, one in compliance with South Africa’s FSCA rules, one regulated by the Labuan FSA and one supervised by the Seychelles FSA, directed at the international clientele.
1) International regulation: Tickmill Ltd will be the counterparty for international customers opening a live account, not covered by the other Group entities. Tickmill Ltd is registered with company number 8414279-1 and with address at Office 3, F28-F29, Eden Plaza, Eden Island, Mahe, Seychelles. This entity is regulated by the Seychelles Financial Services Authority (Seychelles FSA) with a Securities Dealer licence, number SD 008.
2) UK regulation: Tickmill UK Ltd is a financial services company registered in England and Wales under number 09592225. This entity has a registered office on the 3rd Floor, 27 – 32 Old Jewry, London, EC2R 8DQ, United Kingdom, and is authorised and regulated by the UK’s Financial Conduct Authority (FCA) with reference number 717270.
More About This Brokers Regulation
3) European regulation: Tickmill Europe Ltd, with address at Kedron 9, Mesa Geitonia, 4004 Limassol, is a financial services company registered as a Cypriot Investment Firm (CIF) under number 340249. Tickmill Europe Ltd is regulated by the Cyprus Securities and Exchange Commission (CySEC) with licence number 278/15. The CySEC licence allows Tickmill Europe Ltd to offer online financial services in Europe according to the guidelines set out on the MiFID rules.
4) Labuan regulation: Tickmill Asia Ltd, with address at Unit B, Lot 49, 1st Floor Block F, Lazenda Warehouse 3 Jalan Ranca-Ranca 87000, Federal Territories Of Labuan, Malaysia, is authorised and regulated by the Labuan FSA, with licence No. MB/18/0028. The Tickmill Asia Ltd entity is a member of the Tickmill Group and is the company’s trading arm for the Asian markets.
5) South Africa regulation: Tickmill South Africa (Pty) Ltd, registered in South Africa with company number 2017/531268/07 and with a registered address at The Colosseum, 1st floor, Century Way, Office 10, Century City, 7441, Cape Town, South Africa, is authorized and regulated by South Africa’s Financial Sector Conduct Authority (FSCA) with a financial services provider licence number 49464.
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Client Money Protection
Tickmill complies with the highest standards regarding client money protection. Therefore, the broker client’s funds are kept in top-tier international banks, such as Barclays Bank, UBS, HSBC, MCB Bank, PPF Banka AS, AS Expobank, in segregated accounts.
Tickmill also complies with the client money handling rules and employs strict policies and procedures regarding the maintenance and operation of these accounts. Tickmill holds the client’s money separately from the company funds and does not use these funds for any company operational expenses or purposes.
Deposit Compensation
The Tickmill UK Ltd entity is a member of the UK’s Financial Services Compensation Scheme (FSCS), an independent compensation fund of last resort for retail customers of authorised UK financial services firms. In the unlikely event that Tickmill UK Ltd is unable to pay claims against it, or if the firm has stopped trading, or has declared default, retail clients might be entitled to compensation to the value of up to £85,000 per claim.
Tickmill Europe Ltd is a member of the Cyprus CySEC Investor Compensation Fund (ICF). The ICF is an investor compensation fund for retail clients of CIF registered financial firms, and its functions are regulated by the directive DI87-07 of the CySEC. If Tickmill Europe Ltd is unable to meet its obligations, retail clients might be entitled to compensation to the value of up €20,000 per claim, irrespective of the number of accounts held, currency and place of the offering of the investment service (within Europe).
Negative Balance Protection
For retail accounts opened via any of the Tickmill Group entities, there is a default Negative Balance Protection in place, to protect clients from any losses bigger than their original deposits. With the NBP mechanism, Tickmill retail customers are protected from any losses bigger than their original investments, in cases of extreme market volatility.
Tickmill Cashback Rebates
Cash back rebates are paid per round turn lot unless otherwise specified. 1 Lot = 100,000 base currency units traded.
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Notes
Rebates are not paid for accounts registered with: Cyprus CySEC, South Africa FSCA, Labuan FSA entities.
What Are Tickmill Rebates?
Tickmill rebates are a portion of the transaction cost that is paid back to the client on each trade, resulting in a lower spread and improved win ratio. For example, if your rebate is 1 pip and the spread is 3 pips, then your net spread is only 2 pips.
Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.
How Do Tickmill Rebates Work?
When you link a new or existing forex trading account to Cashback Forex (CBFX) the broker pays them part of their spread or commission profit for every trade you make as compensation for referring a customer. CBFX then share the majority of the revenue with you, paying you a cash rebate for each trade you make as thank you for signing up.
Your spreads will never increase as a result of using this service! The only difference is: as a CBFX client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker. Founded in 2007, CBFX are the original and leading provider of forex rebates. CBFX pay rebates to over 100,000 accounts and traders love a helpful 24 hour live chat, telephone and email support.
Are Tickmill Rebates A Scam; Do My Spreads Increase?
Tickmill rebates paid by legitimate rebate providers are not a scam, however scams do exist. The most common scam is a rebate provider that marks up the spread or commission in order to pay a higher rebate than competitors. Many brokers do allow a referring party, or rebate provider, to markup costs to traders they refer. Obviously this defeats the purpose of the service provided by the rebate provider and thus jeopardizes the viability of the rebate provider’s reputation and business, so a reliable provider wouldn’t consider this. Besides this, certain rebate providers may not pay on time, or not at all. This is why it’s important to choose a reliable provider.
When working with a trustworthy rebate provider, there is no ‘catch’. It is more beneficial to a trader’s financial position to work with a rebate provider than solely with the forex broker.
Are There Any Other Benefits To Signing Up For Tickmill Rebates?
It depends on the rebate provider. Due to CBFX’s unique relationship with many brokers, they have often mediated between brokers and clients in order to help successfully resolve client issues, including clients who are having withdrawal issues. Brokers are often very fast to respond, since they typically have many clients. Their knowledgeable support team is available 24 hours per day in 8 native languages & 23 total languages for any questions. They also offer trading tools, calculators, reviews and a robust forex education section.
How Are Forex Rebates Paid?
Because CBFX deals with so many traders in so many different countries and serve 23 languages we have to cover a wide array of options. Here’s what they offer:
Forex rebate options vary per broker:
| Monthly cash back | Payments are credited and sent automatically by the 12 of the month following the month rebates are earned in. |
| Spread or commission reduction | The trader actually receives reduced commissions and/or spreads. This is an exciting option offered by some of our top brokers. |
| Paid direct to brokerage account | Cashback is credited directly to the trader’s brokerage account, typically between 1-7 days after the trade is closed. This is another exciting options offered by some of our top brokers. |
In the case of the ‘Monthly cash back’ rebate option, monthly payments can be paid via bank wire, Paypal, Skrill, Sticpay, China Unionpay, and Neteller. Some payment methods such as bank wire carries fees and often traders set a custom minimum payment amount in order to accumulate rebates and withdraw their rebates less often than monthly.
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Web Traffic
Tickmill Profile
Established in 2014, Tickmill is a fast-expanding broker and with over 263,000 registered accounts – according to their corporate website – the Tickmill Group has managed to capture the attention of several traders.
The broker strives to offer a great trading experience with extremely low market spreads – from 0.0 pip on the Pro and VIP accounts – and no-requotes, using STP and DMA execution models, with absolute transparency and with the latest in trading technology. Tickmill is also known within the trading community for its ultra-fast execution speeds. The broker provides one of the industry’s fastest execution times – 0.20s on average, and with no requotes.
Tickmill’s multi-language customer support service is available 24 hours, 5 days a week, in 14 languages. Tickmill customer services can be contacted via local phone numbers (subject to jurisdictions), contact form, email and through the live chat widget present on the broker’s website.
Tickmill is also a very popular CFDs broker with traders for the excellent execution speeds on both trading platforms. Trading can be done via the Metatrader 4 and Metatrader 5, with both platforms available for Windows, OS X, iOS and Android. With Tickmill, investors can also trade instantly with the Web Trader, a browser-based platform that requires no installation whatsoever, and that replicates the same UI of the MetaTrader platforms.
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Tickmill Asset Classes
Perhaps one of the weakest points of this CFDs broker. Tickmill offers a limited range of 85+ assets available for trading, including forex, indices, stocks, commodities and cryptocurrencies.
FX market: 62 currency pairs, including all major pairs, some minor and exotic crosses
Indices: 14 world indices CFDs, including the CAC 40, NIKKEI 225, US 500, and FTSE 100
Stocks: Currently, Tickmill does not offer stocks CFDs for trading
Commodities: 4 commodities CFDs available for trading; 2 metals – Gold and Silver versus the USD, and 2 energies – UK Oil and US Oil
Cryptocurrencies: 3 cryptocurrencies CFDs crosses available for trading, BTC/USD, LTC/USD and ETH/USD*
*Please note that due to the UK’s FCA regulations, cryptocurrencies CFDs are not available to retail clients opening a live account with Tickmill UK Ltd.
Tickmill Account Types
Tickmill offers 3 types of trading accounts – Classic, Pro and VIP – with different execution models and pricing.
The entry-level account is the Tickmill Classic account and is best suited for investors that prefer to trade only with the bid and ask prices, without added commissions.
The Tickmill Pro account is the broker’s flagship account for the retail traders and is recommended for investors looking for more competitive pricing – especially when trading some forex pairs – with tighter spreads and offering one of the lowest trading commissions in the industry – starting at just 2 USD per side per 1 lot traded.
The Tickmill VIP account is the broker’s most competitively priced account, recommended for professional investors, with low starting spreads of 0.0 pip on major FX pairs and even lower trading commissions, when compared with the Pro account, of just 1 USD per side per 1 lot traded. But? Well, to enjoy the massive benefits of the VIP accounts, traders must keep a minimum balance of 50,000 currency units’ equity on the account.
More Tickmill Account Types
Tickmill also offers swap-free accounts for traders of Islamic belief, but, currently, the broker does not offer any viable options for money managers looking for PAMM accounts.
Regarding leveraged trading, Tickmill maximum leverage ratio is 500:1 for retail clients opening a live account with the entities in Seychelles, South Africa and Labuan and limited to 30:1 for retail traders opening a trading account with the Cyprus CySEC and the UK’s FCA regulated entities. For investors classified as professional traders, and opening a live account with both European entities, higher maximum leverage ratios may apply. Please contact Tickmill Europe Ltd for more information.
Currently, Tickmill trading accounts are only available in 4 base currencies: USD, EUR, GBP and also PLN for accounts opened with Tickmill UK Ltd and Tickmill Europe Ltd.
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Tickmill Demo Account
With a Tickmill demo account traders can compare the broker to its peers, for its product offering and trading conditions – which the broker guarantees are almost like their live accounts. A demo account can also help novice traders to practise their trading skills in a safe environment, without risking losing real money.
To open a demo account traders will need to fill in a form with some basic information – name and surname, a valid email address, country of residence and phone number. Please note that to open a demo account, traders do not need to upload any verification document(s) to Tickmill.
On the same form, traders can select which trading platform they want for the demo, MT4 or MT5, the account type (Classic, Pro or VIP), the account currency, the account balance with virtual funds and the leverage limit, from 1:1 to 500:1.
After clicking the “Open Demo Account” green button, traders will receive a welcome email from Tickmill confirming the registration. In the next step, traders will need to download the trading platform, and thirdly, connect to the demo server. The final step is to log in to the demo trading account.
The demo account is non-expiring and allows traders to test all of the broker’s account types and pricing on several financial instruments – forex, indices, commodities and cryptocurrencies, without risking any real money. The demo account is 100% risk-free and the funds are virtual – including both winnings and losses, of course.
Register for free and test your trading strategies, open a demo trading account with no risk and no obligation now.
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Tickmill Pricing
Spreads And Trading Commissions
Tickmill’s pricing and trading costs are some of the most competitive in this industry when compared with other players. The starting spread for the most popular cross, the EUR/USD pair, on the Classic account, is 1.6 pip, commission-free. Perhaps not the most attractive figure, and we doubt many traders will choose this account type.
Things improve massively with the ECN execution type accounts, the Pro and the VIP accounts. Tickmill advertises more competitive pricing and trading conditions, and taking the EUR/USD cross again as our example, the broker proposes a starting spread of 0.0 pip, with a trading commission of $4 per round lot traded (100,000 base currency units).
For investors with deep pockets, and maintaining an equity balance of 50,000 on a VIP account, the trading commission for the EUR/USD will be just $2 per round lot traded (100,000 base currency units).
We consider the Pro and the VIP account’s trading commissions to be the lowest when compared with other top brokers – who charge on average between 6-7 USD per round lot.
Rollover Rates
Tickmill swap rates for the EUR/USD, stand at -3.53 for holding overnight a long position of 1 lot and at +0.65 for holding overnight a short position of 1 lot. Again, we consider Tickmill’s rollover rates to be better when compared with the swap rates offered by other top brokers.
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Tickmill Deposits / Withdrawals
Deposit fees: Trading accounts can be opened in just 4 different currencies and maintained via 10 funding methods. Including the traditional methods – debit/credit cards and bank wires – Tickmill also accepts deposits with the most popular e-payment solutions (subject to jurisdiction), such as Neteller, Sticpay, Fasapay and Skrill.
Tickmill does not charge any deposit fees, and deposited funds are available almost instantly.
Minimum deposit: Opening a live trading account with Tickmill is fairly easy and it can all be done on the broker’s website, in 4 easy steps; fill in the registration form, confirm your identity, create a trading account and do the first deposit, download and install a trading platform. Tickmill’s minimum deposit requirement for the Classic and the Pro accounts is 100 base currency units. The Tickmill VIP account minimum deposit (and balance) is 50,000 base currency units.
Withdrawal fees: Tickmill also waives the withdrawals fees (withdrawal processing times vary from instant to 1 business day). Tickmill does not charge clients any fees for withdrawals, however, card providers, banks or payment systems may apply a withdrawal transaction fee, or commission, that is beyond the broker’s control. For more information, please visit the Tickmill deposit and withdrawals dedicated page.
Inactivity fee: Currently, if there is a lack of trading activity on an account, Tickmill reserves the right to charge a maintenance fee.
Tickmill Popularity
This Forex broker enjoys great popularity within the trading community. By being a highly-regulated CFDs broker, and by offering attractive and competitive pricing, Tickmill seems to have found the winning formula to capture traders’ attention.
The broker is also a very popular choice for the excellent execution speeds with the fans of automated trading. Boasting low latency servers and an average trade execution time of just 0.20 seconds, Tickmill provides the ideal trading ground for Expert Advisors, available via the traditional MetaTrader solutions – MT4 and MT5.
Popular trading account: The Pro account is the popular choice with traders looking to save on Tickmill’s trading costs, with low starting spreads and a lower commission of just $4 per round lot traded.
Trading Education
Tickmill also deserves some popularity points for their complete range of trading education materials and tools, available through the “Clients Tools” tab on the broker’s website. Tickmill users can find some top-notch trading tools, like the Autochartist, economic calendar, forex calculators and the advanced trader’s toolkit.
Regarding education, users can enrol in free webinars and seminars, download trading eBooks, watch video tutorials and so much more.
Tickmill Promotions
20% discount on Beeks FX VPS
Rebate Promotion (FSA SC)
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Tickmill FAQs
Is Tickmill regulated in Malaysia?
Yes, Tickmill Asia Ltd, part of the Tickmill Group of companies is regulated in Malaysia. Tickmill Asia Ltd is regulated by the Labuan (Malaysia) Financial Services Authority with registration number LL14858.
On the Labuan FSA REEFS portal (Real Time Search of Company Status), the company status shows active and Tickmill Asia Ltd registered office is at Unit B, Lot 49, 1st Floor Block F, Lazenda Warehouse 3 Jalan Ranca-Ranca 87000, Federal Territories Of Labuan, Malaysia.
Tickmill has also a corporate website directed to residents of Malaysia, in Malese (Melayu) language and the localised version of Tickmill’s regulation with the Labuan FSA in Malaysia can be found on this page: Group Licences and Regulation.
Tickmill Asia Ltd is regulated in Malaysia to offer margin trading on leveraged CFD contracts to investors, on several asset classes:
- Futures contracts
- CFDs on commodities, securities, interest rate and debt instruments, stock or other indices, currencies and base and precious metals
- Spot and forward bullion, currencies, and OTC derivatives
- Securities, including shares, bonds, and other debt instruments, including government and public issues
- Options and warrants to acquire or dispose of any of the instruments above, including options and Contract Options
- Managed assets whether as OTC or stock exchange-traded instruments
- Other investments as Tickmill Asia Ltd may from time to time agree to supply to investors
Investors opening a live account with the Tickmill entity regulated in Malaysia will be classified as Retail clients or Professional clients. Tickmill Asia Ltd offers its clients the possibility to request reclassification online. And thus, to increase or decrease the level of regulatory protections afforded.
Is Tickmill a good option to trade Bitcoin?
Yes, Tickmill is surely a reputable option to trade Bitcoin. Bitcoin and other cryptocurrencies CFDs – ETH/USD and LTC/USD are available for trading with Tickmill via the MetaTrader MT4 platform.
Tickmill is also a good option for trading cryptos because of the client money safety mechanisms in place. The broker is well-regulated and investors can rest assured their funds are safe.
The BTC/USD pair can be traded by clients opening a live account with all of the Tickmill entities, except the Tickmill UK Ltd entity, to the fact that the UK’s FCA has banned crypto trading in the United Kingdom and forbids regulated companies to offer trading on cryptos.
Tickmill is also a good option to trade Bitcoin because of its competitive trading conditions for the BTC/USD pair. The broker proposes a starting spread of 80.00 (average spread is 89.00 according to Tickmill’s contract specification page) and with a fixed rollover rate of -20 for both long or short positions.
With the Tickmill Bitcoin CFD, investors can profit from the cryptocurrency price fluctuations in both rising and falling markets. The leverage for retail investors to trade the Bitcoin with this broker is limited to 2:1. And the stop-out happens when the account equity falls to 50% of the required margin to open the position.
Cryptocurrency trading with Tickmill is available from Monday 00:00 to Friday 24:00 (MT4 Server time). The server time is set to GMT+2 and GMT+3 during DST in the US and Europe.
Please note that cryptocurrencies are exposed to high intra-day price volatility. Which may be substantially higher when compared to other financial instruments.
Does Tickmill offer an ECN account?
Tickmill offers an ECN trading environment account – the Pro account. The Pro account is for experienced traders looking for advanced account features and optimal trading conditions and pricing. Tickmill provides liquidity from tier-1 banks, non-banks (HFT) and ECNs.
The Pro account is available to retail investors in EUR, GBP and USD. PLN is also available for Tickmill Europe Ltd accounts.
This ECN type account follows an NDD (No Dealing Desk) execution model with straight-through processing. The execution type is market execution and trading executions speeds have an average of 0.20 seconds.
The Pro account’s maximum leverage for retail traders is 500:1 – limited to 30:1 in Europe. The margin call happens when the account equity falls to 100% of the margin used to open a position and the stop-out happens when the account equity falls to 30% of the required margin to open a position.
With a Pro account, investors can trade CFDs on 62 currency pairs. Furthermore on major stock indices, oil, precious metals, bonds and cryptocurrencies. With fluctuating spreads starting from 0.0 pips.
As it is an ECN trading environment account, Tickmill adds a trading commission, to the spread, for every opened position.
Traders will pay a commission of just 2 currency units per lot and per side (0.0020% notional). So, for the most popular FX pair, the EUR/USD, the total commission with Tickmill’s ECN type account is only 4 USD. This standard commission is one of the lowest in the industry.
Does Tickmill offer negative balance protection?
Yes, Tickmill offers NBP – short for negative balance protection – with all of the regulated Group entities.
This is great news for retail investors, and especially, for novice traders testing their trading skills. Let’s imagine this very possible scenario:
Let’s assume that a novice trader just got its 500:1 leveraged account funded with 250 USD and decides to open a long position of 1 lot on GBP/USD on Friday evening, costing 204 USD (200 USD margin + 4 USD trading commission).
On Sunday night, the market opens with a 28 pips gap down from Friday’s closing price, so the novice trader’s position will immediately have a loss of 28 pips x 10 USD = 280 USD loss, while the account only had 250 USD.
In this scenario, Tickmill will close the position automatically. And the trading account would have a negative balance of -30 USD.
Traders who use the maximum leverage available face the real risk of a negative balance. Due to market news or geo-political events during the weekend. Due to slippage during high volatility periods. But mainly, due to a poor money management plan.
It’s 100% impossible for the above scenario to happen if a trader uses a 1:1 leverage ratio. The higher leverage a trader uses, the more risks they take.
Fortunately, Tickmill grants negative balance protection to all clients. But please note that the broker may choose not to grant NBP. But only if the negative balance has been incurred as a result of fraudulent purposes or market abuse.
Does Tickmill offer a promotional bonus?
Yes, some entities of the Tickmill Group offer a no-deposit, $30 account bonus. This promotion does not apply to traders opening live accounts with Tickmill Europe Ltd and Tickmill UK Ltd. Simple reason: brokers in Europe are forbidden to offer promotions and bonuses by the European regulators.
Traders opening a live account with Tickmill Ltd (Seychelles) are eligible for a $30 Welcome Account. They can explore the broker’s online trading services. And Tickmill guarantees that the Welcome Account has identical trading conditions to the live Pro account.
Even without making a deposit new clients will receive $30 on their newly registered live accounts. They will have the opportunity to trade some markets with free trading funds.
That said, the $30 Welcome Account will allow trading of FX, indices, commodities and a few selected cryptocurrencies. Without making a deposit and without the risk of losing your money. The Welcome Account is easy to open and the profits earned with the bonus will be yours to keep.
Tickmill $30 Account Bonus
The Tickmill $30 account bonus is not available to everyone and is subject to terms and conditions. Below there’s a quick checklist to see if you can qualify for the Tickmill bonus:
- The Welcome Account is not available to residents of Algeria, Armenia, Angola, Australia, Azerbaijan, Belarus, Brazil, Bulgaria, Columbia, Georgia, Hong Kong, Iceland, Israel, Kazakhstan, Lebanon, Liechtenstein, Macau, Moldova, Morocco, Mozambique, Norway, State of Palestine, Switzerland, Taiwan, Tunisia, Yemen, North Korea, Iran, USA, Indonesia, Venezuela, Lesotho, Pakistan, Bangladesh, Ghana, Egypt, Russia, San Marino, South Africa, Ukraine, Uzbekistan, Kyrgyzstan, Tajikistan, Turkmenistan and Kenya.
- European Union citizens cannot apply for a Welcome Account.
- Tickmill’s existing clients cannot apply for a Welcome Account.
If you don’t fit on any of the points above, there’s good news.
You might be eligible for the Tickmill $30 Welcome Account.
Tickmill $30 Welcome Account
But before jumping in check out some of the main terms & conditions of the offer:
- The Welcome Account is created automatically after the client completes the registration form on the broker’s web page. The login details will be sent automatically to the email address provided in the registration form. Please note that these credentials may only be used to create a Welcome Account, not to access the Client Area.
- The Welcome Account is available only in USD currency.
- Each client can open only one Welcome Account.
- The Client has the option to either raise or lower the leverage on the Welcome Account.
- The Welcome Account will be available for trading for 60 days, from the opening date. Once the 60 days period has expired, trading will be disabled. But the Welcome Account will still be accessible for an additional 14 days to claim the earned profits.
For more info regarding this promotion, or to claim your no-deposit $30 Welcome Account, please visit the Tickmill bonus page.
Tickmill Real Customer Rating
Based on user reviews from Tickmill’s verified customers, this broker is recommended for its fast execution speeds. And for low latency servers. With traders mentioning that the broker provides the perfect scenario for trading with EAs.
Traders enjoy the very fast deposit and withdrawal process. And, of course, with its “low spreads, lowest commissions, fast transaction speed, kind overnight interest, a first-class platform”. Finally, some traders praised the broker’s customer support service for their efficiency.
Negatively, a few traders reported on Tickmill’s slippage and spread widening. With a special note for the spreads between NY close and Asia opening.
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Tickmill Review – Final Considerations
We conclude our Tickmill review with the final considerations regarding this CFD broker. Tickmill stands out for the competitive pricing of its Pro account. With starting spreads of 0.0 pip and an ultra-low trading commission of just 4 USD per round lot.
Also positively, Tickmill offers retail investors the possibility to trade with two highly-regulated entities in Europe. These are Tickmill UK Ltd and Tickmill Europe Ltd, where retail client money safety and retail client protection is paramount.
With a Tickmill account traders are allowed to hedge, scalp, swing or position trade, use the Best Forex EA’s with no restrictions, via 2 reliable trading platforms; MT4 and MT5 and connect their live Tickmill account to a great social trading app, the Pelican Trading, a financial services firm authorised and regulated by the UK’s Financial Conduct Authority, with reference number 534484. Pelican Trading is available only for Android and iOS devices. It can represent a valid choice for investors looking to copy the positions of more experienced traders.
If you are interested in automated forex trading systems that really work, we suggest checking our TOP 30 RANKING of BEST FOREX EA’S | EXPERT ADVISORS | FX ROBOTS with Myfxbook verified real live trading results!
Overall, the cost of trading, the broker’s solid reputation, the safety of retail client’s funds, together with a low initial deposit of 100 base currency units, position this CFD broker as the top 5 forex brokers for popularity with traders opening a trading account in 2023.
