Tickmill is an online Forex broker based in the Republic of Seychelles way back 2014. It has earned and provided its clients with a safe and transparent trading since then, in as much as it offers them advanced online trading services. 

In the hope of giving the best service they can offer to their clients, Tickmill continuously enhances their technology, infrastructure, and system. 

Basic Information On the Tickmill Forex Broker

  • Regulator – FSA
  • Trading Platforms – MT4, WebTrader
  • Available since – 2014
  • Minimum deposit- $25
  • Leverage – Up to 1:500
  • Spreads (& commission)- 0 pip ($2 per lot)
  • Minimum trade size- 0.01 lot
  • Demo account – Available
  • Mobile Trading- Available
  • Trade Signals- Automated Trading.
  • US Clients- No
  • Islamic Account- Yes

Trading Platform

Tickmill offers clients two trading platforms that they can choose from. The trading platforms available are MT4 and WebTrader.

MT4 is the most known and standard trading platform by almost all brokers. It comes with advanced charging package, superb technical indicators and supports automated trading. It also has the capacity to support real-time communication for real-time updates. Furthermore, Tickmill’s MT4 platform feature micro lots, EA trading facilities, no partial fees and CFD for Forex, commodities, stocks, and indices. 

Tickmill also offers their clients the WebTrader platform where clients don’t have to download or install it. 

Tickmill Trading Platform

Mobile Trading

Mobile trading is also available wherein clients only need to download the app on their smartphones and they can already start trading. They can also access everything through their mobile just like how it is on the web. Once set up, clients can start trading and have the whole trading platform right at their fingertips.

Account Types

Vantage FX offer clients two account types to choose from. 

  1. Classic Account – A Classic Account requires a minimum deposit of $25 with a spread which starts from 1.6 pips. It offers zero-commission with 0.3 seconds average execution speed. 
  2. ECN Pro Account – An ECN Pro account requires a minimum deposit of $25 with 2% commission. It spreads from 0 pip with 0.3 seconds average execution speed. 

For clients of Islamic belief, Islamic account is also available which have the same features as the first 2 accounts. The only difference is that there is no overnight interest applicable and there are no hidden charges. 

Demo Account

Tickmill demo account gives clients the chance to practice trading. The demo account enables traders to test different trading strategies without losing or risking their real money. It also allows them to practice Tickmill’s trading platform and services before they choose to trade with them. 

Minimum Deposit

A minimum deposit of $25 is required in order for someone to open an account with Tickmill. This is considered as a low initial deposit amount knowing how reputable they are in the industry. 

Payment Methods

In the hopes of making their client’s life convenient, Tickmill offers their clients a variety of payment methods they can choose from. These include credit or debit cards, Neteller, Skrill, broker to broker, Bank Wire Transfer and so much more. 

Maximum Leverage

The maximum leverage offered by Vantage FX is 1:500 which is already considered high compared to other brokers. Keep in mind that trading with a high leverage comes with a great risk and great loss when not carefully done. 

Spreads and commisions

With such low liquidity, Vantage FX offers a spread which starts from as low as 0. The average spread is 1.2 pips with a commission of $2 dollars per lot.

Regulation and License 

Vantage FX is under the regulation of FSA, a prestigious and reputable financial regulatory commission which implement strict guidelines and minimum operating standard. FSA require brokers to implement strict internal control measures in accounting and risk management before they will issue a broker’s license.

Customer Service 

Tickmill offers customer support from 7:00-20:00 GMT +0 from Monday to Friday in different languages to cater clients of different nationalities. 

Benefits of Trading with Tickmill

Clients who trade with Tickmill enjoy a lot of benefits which include low minimum deposit, high leverage, low spread and secured trading process. Clients are ensured that they are treated with the utmost confidentiality. 

Pros

  • Low initial deposit 
  • Reputable regulator 
  • Wide choice of payment options 

Cons

  • No major negative side 

Conclusion

Tickmill is a good choice for traders as it is under the regulation of a prestigious organization on as much as the services offered are advanced. The required minimum deposit is low too which means that one can open an account without shedding too much money.