Tickmill is a broker that started operating in 2015. Thanks to a very good offer, low spreads and good order execution, he quickly gained a lot of trusted clients.
Offers negative balance protection. It is licensed in 5 jurisdictions, Great Britain (FCA), Cyprus (CySEC), Seychelles (FSC), Labuan (Labuan FSA) and South Africa (FSCA). The broker operates in the ECN model and offers very favorable trading conditions.
Tickmill offer
Tickmill offers access to CFD products from various sectors, such as forex, stock indices, precious metals, bonds, cryptocurrencies and stocks. You can see the full list of available instruments with a spread table here.
Forex
The broker offers access to over 60 currency pairs with favorable spreads. According to information from the website, the typical spread on the EUR / USD pair is 0.1 pip, but in practice we will see values in the area of 0.3-0.5 more often.
Indices and oil
Tickmill offers access to 20 stock indices, including oil quotes, with a maximum leverage of 1:20 for individual clients and 1: 100 for professional clients.
Precious metals
The broker’s offer also includes CFD instruments based on gold and silver. Here, too, the leverage is 1:20 for individual clients and 1: 100 for professional clients.
Bonds
If you want to trade bonds, at Tickmill you will get access mainly to bonds from Europe. In this case, the leverage ratio for a retail client is a maximum of 1: 5.
Cryptocurrencies
Following the needs of clients, Tickmill also introduced access to CFDs based on cryptocurrencies. We will find there some of the most popular coins, incl. bitcoin, ethereum, cardano or XRP.
Stocks
The broker also offers access to CFDs on stocks. We will find many of the largest and most liquid companies there. There are about 100 of them in total. The leverage in this case is 1:20.
Trading accounts in Tickmill
The Tickmill offer includes three types of accounts, each possible to set up with EUR, USD, GBP or PLN as the base currency of the account:
PRO account
It is an account with low spreads, but with an additional commission as befits an ECN broker. The amount of the commission is a total of EUR 4 for a contract of EUR 100,000. It is worth adding that the commission does not apply when trading CFDs on stocks, indices, cryptocurrencies or bonds.
Classic account
This is the simplest account where the broker does not charge a commission, but uses slightly larger spreads, starting at 1.6 pips.
VIP account
It is an account intended for traders with high turnover. The minimum account balance must be 50,000 of base currency. In this case, the turnover commission is half that on the PRO account and amounts to EUR 2 in total for a contract of EUR 100,000.
In addition, the broker also offers less popular accounts, i.e. professional and Islamic accounts. Of course, you can also test the broker’s offer on a demo account.
Is Tickmill safe?
Yes, the broker has been operating on the market since 2015 and is regulated in many countries.
Is Tikcmill legal?
It depends on your jurisdiction. The broker is licensed in 5 jurisdictions - FCA (UK), CySEC (Cyprus), FSA (Seychelles), FSCA (South Africa), FSA (Labuan).
What can you invest in on Tickmill?
The broker offers CFDs on currencies (Forex), stocks, indices, commodities, precious metals, bonds and cryptocurrencies.
Is the Tickmill account free?
Yes, the broker only charges commission on the transactions made on the account.
I have some problems with spreads for 2-3 weeks. They can be really extended some times. Do you also have such problems?
Hello Maverick,
Not only you have such a problem. Tickmill (and Vipro Markets also) claims that they have problem with the liquidity provider and they are working on it right now.