Tickmill offers the most widely used and popular trading platform which is MetaTrader 4 (MT4). Tickmill MT4 is also available for free to use on desktop (Windows/Mac), web, and mobile (iPhone/iPad/Android/Tablet).
The MT4 trading platform is fully customizable and very user-friendly. It is easy to use with a small learning curve and therefore suitable for novice investors while also having enough features for more advanced investors. It is available in multiple languages and has a built-in user guide.
Improved charting functionality and advanced order management tools help investors to control positions quickly and efficiently. It includes 9 chart time frames, technical indicators for chart analysis, drawing objects, real-time quotes, various order types, an economic calendar, trading strategy templates, and a built-in MetaEditor. The MQL online community is a useful resource for additional MT4 add-ons and for communicating with fellow users. Also, check out the forex free bonus provided by well-known brokers.
WebTrader is an online trading platform that provides quick and easy access to Tickmill MT4 without the need to download, install and run additional software.
You can open a new browser window and launch the platform with just one click from anywhere in the world with an internet connection. All information transmitted through the online platform is securely encrypted.
The mobile app is useful for those who want to trade on the go while the web platform runs on most browsers without the need to install any software. Tickmill MT4 is available for download on Android and iOS from the corresponding app store. It also has the same features as the desktop platform with the convenience of being able to trade from the palm of your hand. You can open, manage and close positions, and analyze the market. Push notifications can also be set to notify you when certain events occur.
Autochartist is a powerful technical analysis tool that automatically scans the market for you to find major chart patterns and price levels across various instruments. This award-winning tool can help find potential trading opportunities and it’s free for all Tickmill clients. It can be used as a standalone online web platform or as a Tickmill MT4 plugin. There is an online community with tons of educational material for Autochartist.
Benefits of Autochartist
• Saves you time from analyzing the market as it does for you
• Can scan all day and night
• Receive alerts when opportunities are found
• Estimates for the possible levels that the formed pattern can reach
• Fully customizable scanning to your needs
• A wide variety of educational materials to learn how to use
• Drag and drop quick launch directly to MT4
• All opportunities displayed on one screen
Accounts And Trading Fees
Tickmill offers 3 types of accounts namely Classic, Pro, and VIP. The main differences between the accounts are the spreads, commissions, and minimum deposit requirements. All accounts are also offered swap-free for Muslim investors who must comply with Sharia law.
Demo accounts are available to test different platforms and trading conditions before opening a real account. Even though the demo trading conditions are the same, there is no slippage in the demo account.
Variable spreads from 1.6 pips and no commission are owned by classic accounts. The minimum deposit is $100, the minimum lot size is 0.01 and the maximum leverage is 1:500.
The pro account has variable spreads from 0 pips and a low $2 commission fee per standard lot per side. The minimum deposit is $100, the minimum lot size is 0.01 and the maximum leverage is 1:500.
VIP accounts have variable spreads from 0 pips and a lower $1 commission fee per standard lot per side. The minimum deposit is $50,000, the minimum lot size is 0.01 and the maximum leverage is 1:500.
As broker fees may vary and change, there may be additional fees not listed in this Tickmill review. It is very important to ensure that you check and understand all the latest information before you open a Tickmill broker account for online trading.
Customer support is provided via online chat, phone, and email, available Monday to Friday during business hours. English, Italian, Spanish, Russian, Chinese, Indonesian, Vietnamese, Arabic, and more is offered in support. The support team is usually quick, efficient, and courteous with their responses.
Deposits And Withdrawals
Tickmill offers a variety of deposit and withdrawal methods including bank transfer, credit card, and online payment processing. This can be done from within the client area. Skrill, Neteller, FasaPay, UnionPay, and credit card deposits are usually processed instantly while withdrawals are processed within one business day. Tickmill has a zero-fee policy for deposits and withdrawals.
Withdrawals must be made via the same method used for deposits. Please note that some methods may only be available for certain countries. While Tickmill processes all withdrawal requests within 24 hours on a business day, the time it takes for funds to arrive in your bank account may depend on your bank policy.
Bank withdrawals can take 3-7 business days to be seen in the client’s account. Credit/debit card withdrawals can take up to 8 business days to be seen in the client’s account. The choice of a different currency is advantageous because currency conversion fees do not apply when using an account in your currency.
Tickmill is a very sophisticated and simple online broker with clean offerings suitable for all levels of investors. Spreads and commissions are very competitive while the accounts are flexible enough to meet the needs of different investors. They have multi-jurisdictional regulations along with a very approachable support team. Advanced trading platforms and tools are provided but educational materials are sorely lacking.