Review about Tickmill, broker with low spreads and suitable for scalping

Tickmill broker logo is legit or scam
Tickmill broker logo

Tickmill is a forex broker formed as a retail trading provider of Armada Markets in 2015. Tickmill focuses on stocks, indices, commodities, CFDs, FX and precious metals and serves both institutional and retail clients in over 140 countries.

Tickmill broker uses trading with very low market spreads, no requote, full STP and DMA which are transparent and uses the latest trading technology. They have access to ECN and direct liquidity which considered very good by scalpers and traders who use Expert Advisors.

Although domiciled in Seychelles which is an offshore country, Tickmill has regulated by the FSA Seychelles and CySEC and has a representative office in the UK that has licensed by FCA UK.

Following its essence to provide services for retail traders, Tickmill offers friendly trading conditions for all traders, from beginners to professionals.

This broker with tight spreads, fast execution, and No Requote even offers Islamic account types for Muslim traders who cannot trade with swaps.

Overall, here is a complete review for Tickmill brokers:

  • Company Name: Tickmill Ltd Seychelles, Tickmill Ltd UK
  • Headquarters Address: 3, F28-F29 Eden Plaza, Eden Island, Mahe, Seychelles, and 1 Fore St, Barbican, London EC2Y 9DT, United Kingdom (Tickmill UK)
  • Regulation: FSA Seychelles, CySEC, and FCA
  • Trading instruments: Forex, Bonds, Stock Indices, Oil, Precious Metals
  • Minimum deposit: $100
  • Minimal Spread: Starting from 0 pips
  • Commission: Yes (depending on account type)
  • Maximum Leverage: up to 1: 500
  • Trading Platform: MetaTrader 4 (PC, Mobile, WebTrader versions available)
  • Execution: Market Execution
  • Deposit and Withdrawal Method: Wire Transfer, Credit Card, Skrill, Neteller, FasaPay, UnionPay, Qiwi, online transfer

Is the Tickmill broker safe?

Tickmill licensed and regulated as a Securities Dealer by the Financial Services Authority (FSA Seychelles) with license number SD008 as a transparent and open company, besides that this broker also gets CySEC and FCA UK licenses.

If you trade in this broker you can choose which regulations you want to use. But what I think is safest is to choose FCA UK regulations (due to tier 1 regulations), then CySEC or FSA Seychelles offer leverage up to 1: 500 (most Asian traders choose this). But keep in mind that not all countries are available to choose between Tickmill UK, CY or SC.

Although it established in 2015 and is still relatively young, this broker is the successor of the Armada markets broker, which previously known as one of the trusted brokers.

Type of Tickmill Trading Account

Classic account

  • For novice traders who want to trade without commission and fast execution.
  • Minimum deposit: $100
  • Spread: Starting from 1.6 pips
  • Commission: None
  • Maximum Leverage: Up to 1: 500
  • Instruments: 62 Forex Pairs, 15 Stock Indices, Oil, Precious Metals, and Bonds
  • Account currencies: USD, EUR, GBP
  • Average execution speed: 0.1 seconds
  • All Strategies Allowed: Yes
  • Swap-free Islamic Account Option: Yes


Pro account

  • For retail traders who prioritize low spreads in the zero pips range.
  • Minimum deposit: $100
  • Spread: Starting from 0.0 pips
  • Commission: 2 per side per 100,000 traded
  • Maximum Leverage: Up to 1: 500
  • Instruments: 62 Forex Pairs, 15 Stock Indices, Oil, Precious Metals, and Bonds
  • Account currencies: USD, EUR, GBP
  • Average execution speed: 0.1 seconds
  • All Strategies Allowed: Yes
  • Swap-free Islamic Account Option: Yes


VIP account

  • For professional traders with large capital who want to maximize the best service from Tickmill, get lower spreads as well as more affordable trading commissions.
  • Minimum deposit: $100 with  $ 50,000 minimum balance
  • Spread: Starting from 0.0 pips
  • Commission: 1 per side per 100,000 traded
  • Maximum Leverage: Up to 1: 500
  • Instruments: 62 Forex Pairs, 15 Stock Indices, Oil, Precious Metals, and Bonds
  • Account currencies: USD, EUR, GBP
  • Average execution speed: 0.1 seconds
  • All Strategies Allowed: Yes
  • Swap-free Islamic Account Option: Yes

For more details, you can see the image below:


tickmill account classic vs pro vs vip
Tickmill all account type


The Advantages of Tickmill Brokers

  • Tickmill is one of the leading retail brokers in its class because it can present tight spreads for all accounts. That is the reason we know Tickmill as one of the best brokers for scalping.
  • The regulation and corporate network that houses Tickmill also provides advantages in terms of credibility.
  • They give access to the maximum through the support of Auto-chartist, Myfxbook AutoTrade, and One-Click Trading.
  • Tickmill also provides VPS for EA users, the forex calendar as the latest market info schedule, and a forex calculator that helps traders calculate margins and pips value when managing money management.
  • Give a new trader a $30 welcome bonus (I once tried to get a bonus on an old account that had never received a bonus before and found that they accepted it but didn't know I could withdraw it or not later).
  • In terms of the choice of trading instruments, Tickmill can also provide over 80 CFD options, so that traders can manage portfolios on the Forex market, Stock Indices, Commodities, and Bonds. Compared to other Market Execution forex brokers, Tickmill has a competitive commission rule, valued at 1-2 units of currency per 1 standard lot (where most brokers range from 3 to 4 units of currency per 1 standard lot).
  • As for the forex learning program, Tickmill does not want to leave behind and has so far provided forms of trading education in webinar formats, seminars, e-books, videos, infographics, and various articles. This broker also provides an updated blog page with analytical writing from an experienced analyst team.
  • Another advantage is that it offers a VIP account, which for large capitals can feel the best trading conditions with very cheap commissions, only  1 per side per 100,000 traded (maybe this is the cheapest commission that I know of several other brokers)


The Disadvantages of Tickmill Brokers


  • Although supported by various strengths, Tickmill also has several shortcomings, especially in terms of platform choices that limited to MetaTrader 4 only.
  • Tickmill also has a relatively limited consumer service media compared to other brokers, Customer Service at this broker is less responsive and you need to spend enough time to contact them.
  • In the standard retail trading services, this broker is not suitable for small capital traders, because it cannot deposit under $100, but at the end of 2019, this broker supports local/online transfers which can deposit $30 using an exchanger.
  • Besides, although Tickmill has regulated in the FSA and linked to related to 'Armada Markets' and entities registered with FCA, its retail service still domiciled in Seychelles, an offshore country known for having more lenient rules than developed countries' policies.
  • Finally, Tickmill's actions are relatively new when compared to other brokers.


Conclusion:

  • Overall, Tickmill is an ideal broker for traders with capital above $100 who are looking for low spread comfort and fast execution.
  • For those of you who frequently trade using the scalping style, then you can try this broker.
  • For those of you who want alternative trading support such as AutoTrade or help from additional signals, Tickmill can also be an ideal choice that is worth considering.
  • But because for the global version, they still get licenses in offshore countries, it's good to try the service at this broker with minimal capital first, before you register for a real account with large capital.
  • Based on the recommendations listed on the official website, Pro account types are the most popular preference among Tickmill traders.


0 Response to "Review about Tickmill, broker with low spreads and suitable for scalping"

Post a Comment

Iklan Atas Artikel

Iklan Tengah Artikel 1

Iklan Tengah Artikel 2

Iklan Bawah Artikel