Tickmill Ltd, located in the Republic of Seychelles, is an FSA (Seychelles) authorized broker. The company is the retail Forex business connected to Armada Markets, which changed its focus in January 2015 to providing liquidity and services to banks, brokers and hedge funds. Tickmill currently offers 62 currency pairs to trade as well as Gold and Silver trading.
Accounts and Platforms
There are two accounts to choose from at Tickmill.com. The minimum deposit in their Classic account is $100 and spreads are variable starting from 1.2 pip. A deposit of $300 is required to open their Exchange account which is an ECN account with no spreads. The leverage in is 1:500 which means traders can trade $100,000 (1 lot) worth of currency for only $200. All the funds are segregated and held separately from the firm’s own capital.
There is also a Corporate account.
Tickmill uses the MetaTrader4 trading platform with real time prices and market conditions on your computer. It works on Windows-based PC-s and MAC-s that have Windows emulator installed. In addition, their mobile version can be simply downloaded to all smartphones and other mobile devices.
Tickmill is quite a high-tech Forex broker. The website is loaded with advanced technological techniques and the design is colorful and attractive.
Clearly displayed on the landing page are the main features of an account at Tickmill--the initial deposit, leverage, spreads and micro lots.
By scrolling down the page, you encounter a list of the major features offered at Tickmill. These include low spreads, direct access to the market as an ECN broker and no member fees. The broker earns only from the commissions paid to him by the customer.
Tickmill.com offers a host of trading strategies, not always offered by other brokers. The one-click trader can be downloaded easily and it includes hedging as an option. Instructions for installing the Spread Indicator can be found in the tools section.
Tickmill offers the innovative Myfxbook’s Autotrade copy-trade platform which allows traders to copy trades of any system into their MetaTrader 4 account. There is no software to install and only historically profitable systems are shown, handpicked from real accounts. Traders can add or remove system at any time. Traders can choose between several MetaTrader4 platforms and devices.
There are several campaigns and contests going on at the time of this review including a deposit bonus of $50 on a $500 deposit and a refer-a-friend campaign where both you and your friend get a $ 50 bonus when the friend makes his/her first trade. There is also a monthly trader competition where a panel of three judges selects the best trader based on his profit (as a percentage) at the end of the month, the maximum drawdown –risk management and the ratio of profits to loss in his account.
Customer service is available through Chat, (available 07:00 – 20:00 GMT+0 from Monday to Friday), email Skype and telephone. The website is available in English, Chinese, Spanish, Russian and Indonesian.
Review info: Tickmill
Review Date: 2015-01-21
Rating : 3
Reviewed By : Sara Patterson (Google+)
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