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Tickmill is a global forex and CFD broker, established in 2014. The company is regulated by several financial authorities globally, including the top-tier Financial Conduct Authority (FCA) in the UK; and as such is considered a safe broker.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Tickmill’s web trading platform is provided by MetaTrader. It is highly customizable and has a clear fee report. However, the platform lacks price alerts and its design is outdated.
Tickmill doesn’t have its own self-developed trading platform; instead, it uses MetaTrader 4, a third-party platform.
MetaTrader 4 is available in an exceptionally large number of languages.
Look and feel
The Tickmill web trading platform has great customizability. You can easily change the size and the position of the tabs.
However, the platform feels outdated and some features are hard to find. For example, it took us a while to figure out how to add an asset to the watchlist.
Tickmill has good customer service, responding quickly most of the time and providing helpful answers via phone/email/chat. However, it is only available during working hours.
You can contact Tickmill via:
Tickmill phone support was fast and we got relevant answers.
Via email, we received a reply within a day and the answers were helpful.
Tickmill’s live chat is of average speed but they are eager to help; e.g. they will make screenshots for you to help explain things.
The only thing we missed was 24/7 availability.
Tickmill is regulated by several financial authorities, including the UK FCA. On the other hand, the company is not listed on any exchange and does not have a bank parent.
Tickmill is regulated?
It is regulated by several financial authorities, including the UK FCA. On the other hand, the company is not listed on any exchange and does not have a bank parent.
Is Tickmill safe?
To be certain, we highly advise that you check two facts:
How you are protected
Depending on your country of residence, you can open an account at one or more of Tickmill’s legal entities.
This is important for you because the investor protection amount and the regulator differ from entity to entity.
Background
Tickmill was established in 2014. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises.
Please note that by investing in and/or trading financial instruments, commodities and any other assets, you are taking a high degree of risk and you can lose all your deposited money. You should engage in any such activity only if you are fully aware of the relevant risks. BrokerSelect does not provide investment or any other advice, for further information please read our General Terms and Conditions.