10 Things to consider why you should choose Tickmill as your Forex Broker

The company was established in 2014 and the headquarters is based in Eden Island, Mahe, Seychelles. Tickmill has expanded through the years and proofed itself to be a market leader in the trading market.

Here are 10 things that you should consider before choosing Tickmill as your forex broker.

1. Well Regulated

Tickmill offers its clients a secure and safe trading environment. Tickmill Ltd is regulated as a Securities Dealer by the FSA (Seychelles Financial Services Authority) since 2016. Tickmill’s European entity, Tickmill Europe Ltd is regulated by CySEC (Cyprus Securities and Exchange Commission) since 2015. Tickmill UK Ltd is authorized and regulated by the FCA (Financial Conduct Authority).

2. Market Instruments

Tickmill offers more than 80 trading instruments to its clients. Traders can trade on the following markets on Tickmill: Forex, Precious Metals, Stock Indices and Oil, and Bonds. All these markets offer spreads from 0.0 pips.

3. Trading Platforms

Tickmill offers 2 trading platforms, MetaTrader4 and WebTrader. MT4 features include: CFDs on Forex, Commodities, Stock Indices, and Bonds; advanced technical analyses; one-click trading; it is available on multiple iOS, Android and desktop devices. WebTrader features include customizable price charts; real-time quotes in the Market Watch; one-click trading; securely encrypted data transmission. Both platforms are user-friendly. Compare Tickmill’s trading platforms with other brokers like RoboForex.

4. Type of Accounts

Tickmill offers three different types of live trading accounts. Each account has its own features and benefits which caters for the different needs of traders. With a Pro Account and a Classic Account, no minimum balance is required. With a VIP Account, a minimum balance of $50,000 is required.

All three accounts can be converted to a swap-free Islamic account. You can also get to know the trading platform a bit better with a demo account. On a demo account, you can experience the conditions of the real trading market with virtual money.

5. Deposits and Withdrawals

The base currencies available on Tickmill is USD, EUR, GBP, PLN. The minimum deposit is $100 which is fantastic for a small start. You can deposit funds into your trading account using one of the following methods: bank transfer, Visa, Mastercard, Neteller, Skrill, Fasapay Sticpay, UnionPay, WebMoney, NganLuong.vn, and Qiwi. To withdraw funds from your account, you can follow the easy steps and choose the withdrawal method. Make sure to read the withdrawal instruction carefully.

6. Fees, Commissions and Spreads

Tickmill don’t charge any transfer fees. But, intermediary banks or eWallets charges might apply. Inactivity fees may be charged on inactive accounts. The following commissions and spreads are charged on the account types.

7. High Leverage

Tickmill offers a minimum leverage of 1:1 and a maximum leverage of 1:500. The high leverage can result in potential high profits. Traders must remember that with higher leverage comes higher risks. The leverage ratios differ with each market instrument.

8. Bonuses

Like many other forex brokers, Tickmill offers traders several attractive bonuses and promotions. New Tickmill clients get rewarded with a $30 Welcome Bonus and the profit earned is yours to keep.

9. Customer Support

Unlike most forex brokers in South Africa, Tickmill don’t offer 24/7 customer support. They only offer support Monday – Friday from 7:00-16:00 GMT during Daylight Saving Time. Traders can also email their queries and get a response within 24 hours on business days. Support is provided in multiple languages such as English, German, Indonesian, Spanish, Polish, Italian, etc.

10. Education and Training

Tickmill offers comprehensive educational and training material. This material is sufficient for a beginner trader to expand their trading knowledge and experience. Education for traders and trading tools include webinars, seminars, ebooks, video tutorials, infographics, forex glossary, forex calculators, autochartist, and one-click trading to name a few. Adding to training is the company’s demo account which is ideal for practicing the different trading strategies.

It is advisable to do thorough research before choosing any forex broker. Make use of their demo accounts where possible and sharpen your trading skills in a risk-free environment.