Inside Forex Brokers (IFB)
Review of the company
Tickmill has been around since 2014. Tickmill is a member of the Tickmill group with the brand name Tickmill Ltd. and is currently regulated by CySEC, FCA and FSA of Seychelles. In July 2016, Tickmill received a license from FCA UK for Tmill UK Limited. And already in November 2016, Tickmill began to officially provide brokerage services in the UK and Europe. The company offers trading in currencies, metals, indices, oil and bonds with high leverage and has a wide range of active trading operations in Asia and North America. The largest number of active customers is in these countries. Over 215 million transactions are made to date.
The broker works with the largest liquidity providers: Credit Suisse, JPMorgan, Goldman Sachs, Citi, Societe Generale, UBS, Barclays, BNP Paribas, Bank of America, CIBC, Commerzbank, Deutsche Bank, Dresdner, HSBC, Morgan Stanley, Nomura, RBS and also stores customer accounts in separate bank accounts. Customers can also expect to be reimbursed up to $50,000 in case of unforeseen circumstances.
Trading conditions
Tickmill trading conditions will be useful for both beginners and experienced traders. The broker accepts a total amount of trading money with a $100 minimum forex deposit for all types of accounts. Traders can know the transaction value in each trading operation through spreads and swaps. Forex spread is calculated as the base currency in relation to the counter currency and is measured in pips. Swaps are the interest rate per night in which the countries involved in the trade participate. The size of the transaction directly affects the value of the transaction. You can copy trades of successful traders to your trading account. Copying of transactions will take place using the Autotrade system owned by Myfxbook.
Trading education
Tickmill offers seminars, e-books, video tutorials, infographics, a forex glossary, fundamental analysis, technical analysis, articles and market insights. When it comes to seminars, Tickmill offers an updated list of all upcoming events, including dates and the possibility of registration. These events seem lively, so it is unclear whether the workshop can be broadcast live. The website also hosted pages containing training videos, so you can confidently say that newcomers should have access to everything they may need. In addition to all of its educational offerings, the broker also provides several tools on its website, all of which have been listed below.
Trading accounts
Classic is suitable for beginners who begin to study the market place. It allows you to start with $100 and work with several standard currencies, CFD, gold or silver. Spreads range from 1.6 pips.
Pro was created for more experienced players who are well versed in the movement of an asset and are ready to make money on it. The minimum deposit is similar to the previous account. Spreads are floating, they can be zero. Commission charges for transactions are 0.002%.
VIP will be able to use only the largest players. It offers unique conditions, but the entry threshold is 50,000 US units. Spreads start at 0 pips. Commission – 0.0016%.
Demo is ideal for beginners or experienced traders. It is unlimited and without expiration. Traders can trade in markets with virtual assets and simulate real trading.
Deposit and withdraw funds
Available deposit options include Visa / MasterCard, Bank Transfer, Skrill, Neteller, UnionPay, FasaPay, SticPay, Nganluong, DotPay and QIWI. A zero commission policy will apply with deposits of $5,000 or more by bank transfer. Withdrawals will be based on the currency of the trading account. Most deposits are credited instantly, although for bank transfers there is a waiting period of up to one working day and several hours for UnionPay, as well as for Nganluong it may take one day.
