Tickmill Broker Review 2021: get benefit in trading | Baxity

Have you been on the search for a reliable Bitcoin broker in an effort to maximize your profits and gains? If that is the case, you must have come across Tickmill, Bitcoin broker extraordinaire. Established in 2014, Tickmill is one of the most reputed and respected brokers around, regulated globally by the best and brightest. For example, the Financial Conduct Authority (FCA) regulates Tickmill in the UK.

It is this that makes Tickmill so trusted in the financial circles. If you have heard good things about Tickmill and want to know more about them, you have come to the right place! In this article, we will take a good look at Tickmill and all the things it has on offer for your benefit!

Pros and Cons

Let us kick off our review with a brief overview of the pros and cons of using Tickmill:

+ Tickmill offers very low forex fees

+ Opening an account takes no time at all and is very easy

+ There are no charges for Tickmill withdrawal and depositing

+ There are no fees you have to pay for being inactive

– The design for the trading platform is old and outdated

– The news feed is very basic and does not do a whole lot

– Tickmill offers average CFD fees

Key Features

No matter how much equity a company has built up, it lives and dies on its features. And in this section, we have put together a list of the key features that define Tickmill, laid out in an easy-to-digest format for you!

Trading Instruments
Over 135 instruments covering CFDs and Futures on Forex, Commodities, Bonds, and Indices

Types of Accounts
Classic, Pro, and VIP

Spreads
From 1.6 pips on classic account types, from 0 pips on VIP and Pro accounts

Commissions
Zero for Classic accounts, 1 per side per 100,000 for VIP accounts, and 2 per side for 100,000 for Pro accounts

Minimum Deposit
100 for Classic and Pro accounts

Leverage
Maximum of 30:1 for retail traders, while professional traders have a maximum limit of 500:1

Base Currencies Used
USD, GBP, GBP, PLN

Demo Account
Yes, a free demo account is available.

Islamic Account
Yes

Group Licenses
UK (FCA), South Africa (FSCA), Cyprus (CySEC), Seychelles (FSA), Labuan (FSA)

Registrations
UK, Germany, France, Italy, Spain

Tickmill Negative Balance Protection
Segregated Accounts available for retail customers

For users who are in the UK and use the UK version of the services, they have access to Futures Accounts, which grants them the following features:

• More trading instruments from the CME, NYMEX, COMEX, CBOT, and EUREX exchanges.
• Waivers on minimum ticket fees.
• Commissions available from $0.85.
• Tickmill broker minimum deposit can be as low as $100.
• Access to different types of orders to choose from.

Account Types

As you are sure to have seen from the above table, there are a variety of accounts that each have their own features. The nature of these features and accounts vary from country to country, but here are the different accounts you have access to generally: Classic, Pro, VIP, and Futures.

Below is a table depicting the different accounts available to you and what they have to offer:

Classic

Minimum Deposit
100
100
0

Minimum Balance
0
0
50,000

Available Base Currencies
USD, GBP, EUR, PLN
USD, GBP, EUR, PLN
USD, GBP, EUR, PLN

Spreads Starting From
1.6 pips
0.0 pips
0.0 pips

Maximum Leverage Limit (Retail)
1:30
1:30
1:30

Maximum Leverage Limit (Professional)
1:500
1:500
1:500

Min Lots
0.01
0.01
0.01

Commissions
None
2 per side per 100,00- traded
1 per side per 100,000 traded

All Strategies Allowed
Yes
Yes
Yes

Swap-free Islamic Account Availability
Yes
Yes
Yes

This section would be incomplete without delving into the Futures account, so let us look at that next.

Margin Requirements
Yes

Commissions from
$0.85

Minimum Ticket Fee
None

Trading Hours
As per exchange hours

Exchanges
CME, NYMEX, COMEX, CBOT, EUREX

Order Types
MARKET, LIMIT, STOPS, ICEBERG, BRACKET, OCO, SYNTHETICS

Minimum Trade From
1 Contract

Minimum Deposit
$1,000

Deposit and Withdrawal Options

Below, we have a handy little table for your reference:

Deposit Option

Currencies

Minimum Deposit

Minimum Withdrawal

Processing time on Deposit

Processing time on Withdrawal

Bank Transfer
USD, EUR, GBP, PLN
100
25
Within 1 working day
Within 1 working day

Visa
USD, EUR, GBP, PLN
100
25
Instant
Within 1 working day

Skrill
USD, EUR, GBP, PLN
100
25
Instant
Within 1 working day

Neteller
USD, EUR, GBP, PLN
100
25
Instant
Within 1 working day

Trastra VISA
USD, EUR, GBP, PLN
100
25
Instant
Within 1 working day

Dotpay
PLN
100
25
Instant
Within 1 working day

Paysafecard
USD, EUR, GBP, PLN
100
25
Instant
Within 1 working day

Sofort
EUR, GBP
100
25
Instant
Within 1 working day

Rapid Transfer
USD, EUR, GBP, PLN
100
25
Instant
Within 1 working day

Paypal
USD, EUR, GBP, PLN
100
25
Instant
Within 1 working day

Webmoney
USD, EUR
100
25
Instant
Within 1 working day

FasaPay
USD, IDR
$100 or 1,500,000 Rp
25
Instant
Within 1 working day

Qiwi
USD, RUB, EUR
100
25
Instant
Within 1 working day

UnionPay
CNY
700 ¥ or € / $ / £ 100
25
Instant
Within 1 working day

Sticpay
USD, EUR, GBP
100
25
Instant
Within 1 working day

NganLoung.vn
VND
2,000,000
25
Instant
Within 1 working day

Promotions

Tickmill offers a whole host of promotions for its users. All of these promos are available to anyone on the site, and some of the most well-known are listed below:

1. The famous Tickmill Welcome Account, which gives new users a $30 bonus to trade with.
2. No charges applied on deposits and withdrawal, as well as no hidden costs to worry about.
3. Tickmill arbitrage at its best.
4. Tickmill offers a Trader of the Month contest, which boasts bountiful prizes every month.
5. There is also an IB contest for interested parties to take advantage of.
6. TIckmill’s NFP Machine is its pride and joy, and it is available for your benefit at any time.

Trading Platforms

Tickmill MT4, short for MetaTrader4, is the premier trading option coming from Tickmill. This is why:

• Tickmill MT4 for Mac is available, along with Windows and Web versions.
• The Tickmill MT4 client terminal gives you access to more than fifty inbuilt indicators.
• It also allows you to get real-time quotes on one-click trading options.

To use MetaTrader, you will get a Tickmill ECN account which gives you direct access to the interbank markets through mt4 and without interference from brokers.

Best Payment Solutions for Tickmill Users

In the event that you have decided on Tickmill to be your broker, we decided it would be wise to reiterate the best ways you can make payments.

We recommend you avoid bank transfers because they take way too much time. Instead, using services, like Neteller, Skrill, and Trastra, ensures that your transactions will be completed in a day or two. On top of this, you can also use the services of Trastra, which issues VISA cards that can be used anywhere VISA is accepted. The added benefit that Trastra provides on top of all of the above services is anonymity. A Trastra VISA card gives you an overall spending limit of 8000 EUR every day. Not only that, you can also manage your funds on the go, disable your card at any time, load it up instantly and get notifications for every transaction via email and in the app. Using this card, you do not have to leave a trail where you do not want to. This makes it very attractive for all your purposes.

In addition, thanks to Baxity’s working relationship with Neteller and Skrill, we can fast-track you on your way to VIP and Pro accounts, no problem.

FAQ

Are there any fees for withdrawing and depositing?

No. There are no fees charged for depositing and withdrawing money.

Is there negative balance protection?

Yes. Tickmill provides negative balance protection for all accounts.

How can you contact customer support?

You can contact Tickmill customer service through telephone, email, online contact form, and live chat. Customer service is open from 7 AM to 4 PM GMT from Monday to Friday.