TickMill Review: Is Forex Trading Reliable or a Scam?

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Insightful Review of TickMill Platform

1. Trading Account

2. Spreads and Commissions

3. Deposit and Withdrawal Fees

4. Trading Platform

5. Trading Tools

6. Is TickMill reputable? Is it a scam or fraudulent?

Insightful Review of TickMill Platform

All Tickmill account types support STP order matching within 0.1 seconds. In addition to CFDs, the platform also facilitates trading in 62 other currency pairs, various stock indices, metals, and bonds, excluding cryptocurrency CFDs, without the need for dealing desk intervention.

Traders can choose from 4 different electronic wallets, including: USD, EUR, GBP, and PLN.

1. Trading Account

Tickmill offers 3 live accounts and 1 demo account, each requiring a different minimum deposit.

- Demo Account: This account is available for new traders.
- Classic Account: Requires a minimum deposit of 100 USD, with spreads starting from 1.6 pips and a maximum leverage of 1:500.
- Pro Account: Requires a minimum deposit of 100 USD, suitable for experienced traders, with tighter spreads and a commission fee of 2 USD per trade of 100,000 USD.

- VIP Account: Suitable for experienced traders handling large volumes, minimum deposit is 50,000 USD, with a commission fee of 1 USD per trade of 100,000 USD.

Read more: How to open a Tickmill account for trading

2. Spreads and Commissions

The minimum price difference with the Classic account is 1.6 pips with no commission fees. For Pro and VIP accounts, the price difference is 0.0 pips, with commission fees of 2 USD and 1 USD, respectively, for each account.

3. Deposit and Withdrawal Fees

Tickmill supports various deposit methods, including Visa/Mastercard, bank transfers, Neteller/Skrill, STICPAY, Fasapay, UnionPay, NganLuong.vn, QIWI, and WebMoney.

The Zero Fees policy refunds traders for fees up to 100 USD.

4. Trading Platform

The trading platform supports MetaTrader 4 (MT4) and mobile apps, as well as the web version. MT4 is the leading and most popular trading platform in the CFD market.

5. Trading Tools

According to user reviews of the Tickmill platform, it also provides a variety of useful trading tools. Among them:

AutoChartist is a third-party automated chart analysis tool designed to gather market information, identify fluctuations, and send notifications to traders.

Myfxbook AutoTrade is a social trading platform that allows traders to copy trades without the need for additional software installation.

6. Is TickMill reputable? Is it a scam or fraudulent?

Tickmill Ltd is regulated by various authorities, including Seychelles FSA (license: SD 008), FCA (license: 717270) in 2016, and Tickmill Europe Ltd (license: 278/15) in 2015.

Over the past few years, our trading platform has garnered numerous accolades such as being recognized as the Most Reliable Broker in 2017 by Global Brands Magazine, Best CFD Broker in Asia 2019 by International Business Magazine, and Best CFD Forex Provider in 2019 at the Online Personal Wealth Awards.

For those considering investing or trading on the TickMill platform, rest assured that you are in trustworthy hands.

This article from Mytour provides an insightful review of TickMill. Additionally, readers can explore more articles on Mytour to learn about the credibility of other Forex platforms like FBS and InstaForex.

Explore further: InstaForex Review

Explore more: FBS Forex Platform Review

Frequently Asked Questions

What are the different account types available on Tickmill?

Tickmill offers three live account types: the Classic Account with a minimum deposit of $100, the Pro Account also starting at $100 but with tighter spreads and a commission, and the VIP Account requiring a $50,000 deposit for high-volume traders. There is also a demo account for new traders.

How does Tickmill's fee structure work for deposits and withdrawals?

Tickmill supports various deposit methods, including credit cards, bank transfers, and e-wallets. The Zero Fees policy refunds traders for fees up to $100, making it cost-effective for both deposits and withdrawals.

Is Tickmill a reputable trading platform for beginners and experienced traders?

Yes, Tickmill is a reputable platform regulated by several authorities, including the FCA and Seychelles FSA. It has received accolades like Best CFD Broker in Asia, ensuring that traders can trust its services.

What trading tools does Tickmill provide to enhance trading performance?

Tickmill offers several trading tools, including AutoChartist for automated chart analysis and Myfxbook AutoTrade for social trading. These tools help traders gather market information and copy trades, improving their overall trading performance.

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