What is Tickmill? Is Tickmill regulated?
Tickmill is a Forex and CFD broker regulated by the FSa of the Seychelles, the CySEC of Cyprus and the FCA of Great Britain, where it has its main operation in London.
This broker is one of the best ECN brokers that offers the lowest spreads on the market, reaching a zero spread.
It also offers the possibility of positive sliding, no requotes, micro lots, 73 instruments and segregated accounts.
Tickmill open account
To open an account the procedure is simple and fast:
We must register on the web, and then they will send us an email asking us to verify our registration.
Later we will only have to load in the system our proof of residence (DNI, passport, driving document, etc.) and an invoice that proves our residence (electricity, water, bank statement, etc.).
Customer service is very fast and normally we will have our operating account in a few minutes and we will be ready to negotiate.
The minimum deposit with the broker is 25 USD which can be made by transfer, card, Skrill, Neteller, fasapay and UnionPay.
Being a broker with offices and regulations outside Europe (FSA) it offers bonuses and promotions to international clients.
Among them we have:
- Welcome account: with which we receive 30 USD free without risk. That is, Tickmill lets us open an account and gives us 30 USD with which we can operate without depositing money.
- Trader of the month: The best performing trader during the month will have a prize of 1,000 USD.
- Tickmill NFP machine: this is that a week before the Non Farm Payrolls, Tickmill will give traders the option to forecast an exact price for an instrument 30 minutes after the announcement of that news. The successful trader will win 500 USD. The one that comes closest will take 200 USD.
Anyway Tickmill is always introducing new promotions for its potential international clients.
Tickmill makes various tools available to its traders, such as Myfxbook, Forex Calendar, Forex Calculators and Tickmill VPS.
The trading platform is MetaTrader 4, which is available both in its PC form and in its web format.
Tickmill Accounts and Instruments
|Commission||No||2 per lot||1.6 per lot|
In July 2018, a new maximum leverage will be applied for traders residing in Europe by ESMA regulations. The same, which will apply to Forex products and CFDs we have in the following table:
|Main Forex pairs||30: 1 or 3.33% margin|
|Main indices, gold and minor Forex pairs||20: 1 or 5% margin|
|Lower indices, commodities and exotic Forex pairs||10: 1 or 10% margin|
|Actions||5: 1 or 20% margin|
|Cryptocurrencies||2: 1 or 50% margin|
However, international traders (and Europeans) can register on the FSA website (S. Islands) and can operate with the leverage it offers, which in the Forex goes up to 500: 1.
Tickmill offers trading on 62 Forex pairs, the world’s leading indices, and major commodities .
Tickmill commissions and spreads
We can find some typical spreads like:
|Tickmill||Typical spreads (variables)|
The Classic account does not have commissions and, therefore, will have higher spreads that we will do well to check when informing us about the broker. They normally start at 1.6 pips.
The spreads of the ECN account we can see an example of them in the table above.
Depending on the market conditions they will change but we already anticipate that they are the lowest and most competitive in the entire Forex market.
Commissions are $ 2 per lot, making round trip 4, one of the lowest we can find in the world.
- Country: Seychelles Islands, UK
- Regulation: FSA, FCA
- Markets: Forex and CFDs
- Platform: Metatrader 4
- Type: ECN
- Minimum deposit: 25 USD
- Deposit methods: transfer, card, Skrill, Neteller, UnionPay
- Spread: from 0 pips
- Commissions: from 2 per 100,000 USD
- Scalping: yes
Tickmill is the continuation for retail traders of the well-known Armada Markets broker, which was one of the most popular in recent years. Armada Markets currently provides services to brokers and banks.
This broker continues to maintain the quality of Armada Markets trading, which is why it is one of the favorite brokers in the Forex and CFDs market.
In addition, the commissions are among the lowest we can find, being very difficult to find that type of commission unless we negotiate millions of dollars a month with other brokers.
The practical majority of brokers have higher commissions; Hence, this is one of the favorite brokers for scalping and among users of Expert Advisors and automated trading in both Metatrader 4 and 5.
For the rest, to say that the broker has quite good trading conditions, as well as a program of promotions of the newest and best on the market.
Click here for more information on the Tickmill website