TickMill, established in 2008, is a global online financial trading platform and multi-asset broker.
TickMill has been around for more than 14 years, and now it offers a wide variety of trading services to individual clients, including Forex trading, CFD trading, Spread Betting trading, and social trading.
TickMill operates on a worldwide scale. Seychelles is home to TickMill’s headquarters. Finding a broker that can cater to your specific trading demands in the financial markets might take considerable time.
In this tickmill review, we’ll look at the many account options available and more.
Tickmill’s Services
From what we can see from our Tickmill review, Tickmill offers traders and investors a great selection of valuable financial services. The company’s goal is to provide users with access to the global financial markets so they may learn to trade like the pros. The platform’s popularity has skyrocketed as of late, with about a million users doing over 385 million deals every month.
· Stock Produced by Tickmills
Unlike several other broker businesses, it does not support ETF CFD trading. All of the following assets and brokers are compatible with the platform for trading: –
· Stock Indices and Oil
Sign up with essential brokers and other brokers of Tickmill to expand your portfolio to include the world’s most important stock indexes and non-renewable commodities like oil and natural gas. As many as eight stock indexes can be traded on the website.
· Cryptocurrencies
Tickmill’s MetaTrader 4 platform will allow crypto enthusiasts to trade key cryptocurrencies, including Bitcoin, Ethereum, and Litecoin.
· Bonds
Traders may take advantage of the inverse link between bond prices and interest rates through an online trading platform. They can also utilize the national treasury’s role in maintaining economic stability by trading bonds on local, national, and international markets.
Costs and Rewards
Tickmill has three different types of memberships available: Basic, Premium, and VIP.
· Historically significant narratives:
Traders using the Classic account pay simply the bid/ask spread and no commissions. The Classic account has average spreads that are significantly greater than those of the other two Tickmill accounts.
· Spreads:
Spreads on the EUR/USD on Tickmill’s Pro account average 0.07 pips in September 2021. However, when you add the RT commission equivalent of 0.4 pips ($2 on each side), the total cost is 0.47 pips. Critical normal market circumstances spread data is recorded by Tickmill (when spreads are narrower).
A per-trade commission for the Pro and VIP accounts is added to the already reduced spreads. The Pro account is suitable for most traders due to its low commission rate, low-cost spreads, and wide selection (75 instruments and 62 currency pairings).
Differences between VIP and Pro Memberships
Tickmill’s VIP account has a minimum balance of $50,000. Still, it offers traders cheap commissions of $1 for each regular lot (100,000 units) or $2 every Round-Turn (RT) and effective spreads that reduce to 0.27 pips after commissions. The minimum opening deposit for the Pro account is only $100, but commissions are double at $4 every round-turn standard lot.
Traders that are constantly buying and selling might take advantage of the following discounts:
Active traders on Tickmill can earn rebates starting at $0.25 per standard lot (up to 1,000 standard lots per month) and going as high as $0.75 per familiar lot (for more than 3,001 standard lots per month) at the third and highest rebate tier.
How much is the Tickmill welcome bonus?
When a live trading account is created on Tickmill, the trader is eligible for a Welcome Tickmill Bonus of USD 30 / R450 ZAR. An initial Tickmill Account deposit of USD 100 or R1600 ZAR is required.
Where do I sign up to use TickMill?
You will need to register with TickMill before starting a trading account with them. After receiving your login information through email, submitting your identity papers for account confirmation, and funding your account, you may download your preferred trading platform.
Is it safe to use TickMill with my money?
The Financial Conduct Authority oversees TickMill (FCA). When looking for a broker like TickMill, the regulatory body, and the broker’s regulatory status are two of the most crucial factors for traders to consider. Brokers outside of the law put their customers’ funds in danger since they are free to use any methods they see fit.
Due to the stringent rules in place, it’s exceedingly improbable that a regulated broker would engage in price manipulation. To withdraw your funds from TickMill, submit a withdrawal request. They risk losing their regulated status if they are found to have broken any of the regulations governing such entities.
