Tickmill Broker Review 2020 – Must Read! Is Tickmill a Safe Forex Broker?

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tickmill broker review

Traders would be better off with the best forex broker in the trading market. Let us see whether Tickmill Broker is safe or not for traders around the globe. Let’s read the review below.

Overview

Anyone can start trading in between 5 trading accounts such as a demo account, classic account, Pro account, VIP account, and an Islamic account. A minimum deposit will depend on the trading account used. Most brokers focus for no commissions, fast order execution, free webinars, and VPS, which are found in this stable broker in the trading market.

Tickmill Broker Explained

Over hundreds of articles are sharing the positive reviews of Tickmill Broker to the public due to reliable performance. The trading operations in the foreign exchange market are regulated by the Financial Services Authority (FSA). Tickmill is a member of the Tickmill group with a trading name of Tickmill Ltd.

For over the years of operation, Tickmill has proven a stable growth in the trading market. Many clients trusted the platform as a market leader and innovator.

Tickmill Core Features

The features below are necessary to better understand Tickmill’s trading operation. Now, let’s dive into their five worth-knowing features!

Trading Platforms

Tickmill’s 2 of the most common platforms for trading are MetaTrader 4 and WebTrader.

FBS Trading Platforms

MetaTrader 4 is an automated trading platform suitable for all trading strategies, with its highly customizable features. It is available with 39 languages to easily understand by most traders.

FBS Metatrader

WebTrader does not require installations and software downloads, as you can access the WebTrader platform directly on your browser. It features one-click functionality to perform trading functions.

Trading Instruments

Forex, Stock Indices and Oil, Precious Metals, and Bonds are the four major trading instruments of Tickmill Broker. In addition to that, over 80 trading instruments are available in opening a Tickmill account.

Trading Conditions

Both beginner and expert traders will be benefitted from the trading conditions of Tickmill. The broker accepts a total amount of trading money with a $100 minimum forex deposit for all types of accounts.

You may transfer or withdraw funds using the payment method at your convenience. The zero fees policy will be applied with deposits from 5,000USD through bank wire transfer. Withdrawal will be processed base on the trading account’s currency.

Traders can know the transaction costs in every trading operation through spreads and swaps. Forex spread is calculated as base currency over the counter currency and is measured in ‘pips’. Swaps are the overnight interest charge of the involved countries in trading. The size of the trade directly affects the transaction cost.

Another trading condition is the use of leverage and margin. You can start a trading account with small capital and yet maintain a larger position.

Leverage allows traders to borrow the rest of the disposal from a broker. It may sound a good opportunity but can result in a higher risk when a larger amount is traded. Thanks to margin condition that sets a limit to cover up potential losses in trading. You can compute the margin requirement by simply dividing the required margin to the position size into base units.

Trading Accounts

The most crucial part of Tickmill Broker is starting an account, as success in trading will rest on it. Choose a trading account that will suit your trading needs and experiences.

Beginner traders can begin through a Classic account that provides the most popular trading instruments in the market. Exceptional trading conditions are accessible like 0.15 seconds execution speed, many base currencies, and many more.

For more skillful traders, the Pro account is highly recommended. It offers almost the same features to classic account. Next, is the VIP account made for high volume traders that require 50,000 minimum balance. There is no stop limit for VIP account users.

Muslim traders are welcome in this trading platform by using Islamic accounts. These accounts are equipped with the swap-free condition.

Another way to start trading is through a risk-free demo account. Experience the real world trading in less than a minute with a free demo account. You can take advantage of the MT4 platform for better trading performance. A demo account will give you access to over 80 trading instruments with 4 asset classes.

Bonus and Promotions

Having both the broker’s bonus and promotions is a great advantage. It has a positive effect on your trading income and the Forex market’s volume. Make sure to catch all the updates for the Forex bonus and promotion program.

The following are samples of bonuses and promotions Tickmill offers will soon be added to your trading strategy. Keep in mind to choose the ones that will suit your trading needs in the long run.

  • Trader of the month with $1,000 prize
  • Cash prize in winning NFP contest
  • $30 Welcome Bonus
  • IB Contest exclusive for Tickmill clients
  • Rebate Promotion

Additional Features

Tickmillhas wide-ranging active trading operations from Asia to North America. Most number of active clients is among those nations.Over 215 million trades are executed up-to-date.

Contact Details

There are three ways to contact Tickmill Broker at any time of the day, except for weekends via live chat. You may also email them to support@tickmill.com or call the number +852 5808 7849.

Tickmill also considers the transparency of legal information that is made available for traders. Primary documents such as Client Agreement, Customer Complaint Form, Privacy Policy and Cookies Policy have a connection to the trading business.

Advantages

If you are still learning about trading services, Tickmill Broker could be the best platform.It will make traders ready upon entering the same industry later on. The platform has to offer complete learning tools to give traders confidence in crossing over trading opportunities. Trading accounts are accessible by all levels of trading skills, from beginners to professional traders. Its customer support used multiple languages to communicate well for every client.

Disadvantages

The broker can only respond to further inquiries on weekdays. Their customer support is available at any time to receive emails, but responses will be sent during weekdays.

Final words

To say whether a Forex broker is the best, there must be excellent trading online operations. The type of account does not speak out whether a Forex broker is at its best. Tickmill Broker can provide a reliable trading experience like no other. Making profits in a trading business will be at ease with the said broker. Everybody is welcome to trade-in Tickmill Broker, whether a beginner or an expert trader. Tickmill does well on its trading operations on selected countries even if some countries have no access over it.

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