Year Founded : 2010
Cryptocurrencies:
YesDeposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT
Forex Broker Tickmill Review & Rating
If you’re looking for a reliable forex broker, Tickmill might be just what you need. Tickmill is a UK-based forex and CFD broker that offers trading in a wide range of financial instruments, including forex, commodities, indices, and cryptocurrencies. In this article, we’ll provide you with a comprehensive Tickmill review, covering everything you need to know about this broker.
Overview of Tickmill
Tickmill was established in 2014 and is headquartered in the UK. The broker is regulated by the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Seychelles Financial Services Authority (FSA). This means that Tickmill is a reputable and trustworthy broker that adheres to strict regulatory standards.
Account Types
Tickmill offers three main account types:
1. Classic Account
The Classic account is designed for traders who prefer a fixed spread and no commissions. The minimum deposit is $100, and the leverage is up to 1:500. The spread for major currency pairs starts at 1.6 pips.
2. Pro Account
The Pro account is designed for traders who want a tighter spread and are willing to pay a commission. The minimum deposit is $100, and the leverage is up to 1:500. The spread for major currency pairs starts at 0.0 pips, but a commission of $2 per lot is charged.
3. VIP Account
The VIP account is designed for high-volume traders who require the best trading conditions. The minimum deposit is $50,000, and the leverage is up to 1:500. The spread for major currency pairs starts at 0.0 pips, and no commission is charged.
Trading Platforms
Tickmill offers two main trading platforms:
1. MetaTrader 4 (MT4)
MT4 is a popular trading platform that is widely used by traders all over the world. It offers a range of advanced trading tools and features, including technical indicators, charting tools, and automated trading capabilities.
2. WebTrader
WebTrader is a web-based platform that can be accessed from any device with an internet connection. It offers a simple and intuitive interface, making it easy for traders of all levels to trade online.
Trading Instruments
Tickmill offers a wide range of trading instruments, including:
- Forex: 62 currency pairs, including majors, minors, and exotics
- Commodities: gold, silver, crude oil, and natural gas
- Indices: 14 major global indices, including the S&P 500, DAX, and FTSE 100
- Cryptocurrencies: Bitcoin, Ethereum, Litecoin, and Ripple
Trading Conditions
Tickmill offers competitive trading conditions, including:
- Tight spreads: Spreads for major currency pairs start at 0.0 pips on the Pro and VIP accounts
- Leverage: Up to 1:500 on all account types
- No requotes: Tickmill executes orders instantly and without requotes
- Fast execution: Tickmill uses advanced technology to ensure fast and reliable order execution
- Negative balance protection: Tickmill protects its clients from negative balances, ensuring that traders can never lose more than their account balance
Education and Research
Tickmill offers a range of educational resources and research tools to help traders improve their trading skills and make informed trading decisions. These resources include:
- Trading guides and tutorials
- Webinars and seminars
- Market analysis and news
- Economic calendar
Customer Support
Tickmill offers 24/5 customer support in multiple languages, including English, Chinese, Indonesian, and Spanish. Traders can contact customer support via live chat,
Year Founded : 2010
Cryptocurrencies:
YesDeposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT
Top 10 Points about Forex Broker Tickmill Islamic/Swap-Free Account
Forex trading has been a popular investment option for a long time. However, not all traders are comfortable with paying or receiving interest, which is why they opt for an Islamic/Swap-Free account. Tickmill is one such broker that offers this type of account. In this article, we’ll explore the top 10 points about Tickmill’s Islamic/Swap-Free account and why it may be the right choice for you.
Table of Contents
- What is a Swap-Free account?
- How does a Swap-Free account work?
- Who is the Tickmill Islamic/Swap-Free account for?
- What are the benefits of using Tickmill’s Islamic/Swap-Free account?
- What are the requirements for opening a Tickmill Islamic/Swap-Free account?
- What trading instruments are available for Islamic/Swap-Free account holders?
- What are the fees for Tickmill’s Islamic/Swap-Free account?
- How does Tickmill ensure that the Islamic/Swap-Free account is Sharia-compliant?
- How does Tickmill compare to other brokers offering Islamic/Swap-Free accounts?
- Conclusion: Is Tickmill’s Islamic/Swap-Free account right for you?
1. What is a Swap-Free account?
A Swap-Free account is an account type that allows traders to avoid paying or receiving interest on overnight positions. This type of account is also known as an Islamic account, as it follows Islamic finance principles, which prohibit the payment or receipt of interest (riba).
2. How does a Swap-Free account work?
In a Swap-Free account, the broker may either charge a flat fee or adjust the spread to compensate for the lack of interest charges. For example, if a trader holds a long position overnight, they would normally pay interest on the borrowed funds. In a Swap-Free account, the trader would not pay this interest but may instead pay a slightly wider spread.
3. Who is the Tickmill Islamic/Swap-Free account for?
The Tickmill Islamic/Swap-Free account is designed for traders who follow Islamic finance principles and wish to avoid paying or receiving interest on their overnight positions. This account type may also be suitable for traders who prefer to trade without the added complexity of interest charges.
4. What are the benefits of using Tickmill’s Islamic/Swap-Free account?
The benefits of using Tickmill’s Islamic/Swap-Free account include:
- No interest charges on overnight positions
- Access to a wide range of trading instruments
- A transparent fee structure
- Sharia-compliant trading conditions
- Negative balance protection
5. What are the requirements for opening a Tickmill Islamic/Swap-Free account?
To open a Tickmill Islamic/Swap-Free account, traders must provide proof of their religious beliefs and confirm that they are eligible for this type of account. Traders must also meet Tickmill’s standard account opening requirements and provide identification documents.
6. What trading instruments are available for Islamic/Swap-Free account holders?
Tickmill’s Islamic/Swap-Free account holders have access to a wide range of trading instruments, including forex, CFDs, metals, and commodities. Traders can also use a variety of trading platforms, including MetaTrader 4 and WebTrader.
7. What are the fees for Tickmill’s Islamic/Swap-Free account?
Tickmill’s Islamic/Swap-Free account has a transparent fee structure, with no hidden charges. Traders may pay slightly wider spreads in place of interest charges, but these spreads are still competitive with other brokers.
8. How does Tickmill ensure that the Islamic/Swap-Free account is Sharia-compliant?
Tickmill has a dedicated Sharia Supervisory Board that ensures all Islamic/Swap-Free accounts are compliant with Islamic finance principles. The board oversees the development and implementation of Sharia-compliant products and services, ensuring that they adhere to the highest standards of ethical and moral conduct.
9. How does Tickmill compare to other brokers offering Islamic/Swap-Free accounts?
Tickmill stands out from other brokers offering Islamic/Swap-Free accounts in several ways. For one, Tickmill has a reputation for offering competitive spreads, making it a popular choice among traders. Additionally, Tickmill has a transparent fee structure and is committed to ensuring that all Islamic/Swap-Free accounts are Sharia-compliant.
10. Conclusion: Is Tickmill’s Islamic/Swap-Free account right for you?
If you are a trader who follows Islamic finance principles or simply prefers to avoid paying or receiving interest on overnight positions, then Tickmill’s Islamic/Swap-Free account may be the right choice for you. With a wide range of trading instruments, a transparent fee structure, and a commitment to Sharia-compliance, Tickmill offers a compelling option for traders looking for a Swap-Free account.
Tickmill.com Rating & Reviews <<
Tickmill has generally positive ratings and reviews from traders, with many praising the broker’s trading conditions, customer service, and educational resources. Here are some examples of Tickmill’s ratings and reviews:
Trustpilot: On Trustpilot, a popular online review platform, Tickmill has a rating of 4.5 out of 5 stars based on over 1,000 reviews. The majority of reviews are positive, with traders praising the broker’s low spreads, fast execution, and helpful customer support.
Forex Peace Army: On Forex Peace Army, a website that provides ratings and reviews of forex brokers, Tickmill has a rating of 4.2 out of 5 stars based on over 500 reviews. Many traders have given Tickmill high ratings for its trading conditions and customer support, although some have complained about occasional issues with withdrawals.
EarnForex: On EarnForex, a website that provides reviews and ratings of forex brokers, Tickmill has a rating of 8.83 out of 10 based on over 100 reviews. Traders have praised Tickmill for its low spreads, fast execution, and range of trading instruments, although some have noted that the broker’s customer support can be slow at times.
Overall, Tickmill is well-regarded by traders for its competitive trading conditions, strong regulatory oversight, and responsive customer support. However, as with any forex broker, traders should carefully research and evaluate Tickmill’s offerings and services before opening an account.
Name
Details
Rating
Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA
Founded: 2008
Founders: Petr Valov, Igor Lychagov
Year Founded : 2008
Deposit Methods: VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto (MORE)
Leverage: 1:30 | 1:500
Regulation: CySEC, FCA, DFSA, FSCA, FSA.
Min. Deposit: 5 US$
Min. Withdraw : 5 US$
HQ: Sydney, Australia
Platforms: MT4, MT5, ctrader, web trading
Found in: January 30, 2007
Deposit Methods: Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto
Year Founded : 2010
Cryptocurrencies:
YesDeposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT
Year Founded : 2010
Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT (MORE)
Year Founded : 2009
Cryptocurrencies:
Yes (30+)Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Alipay, Bitcoin, Bitcoin Cash, Boleto, Ether/Ethereum, Litecoin, Local Bank Deposits, M-Pesa, Mobile Money, Monero, PerfectMoney, Ripple, WebMoney
Year Founded : 2009
Cryptocurrencies:
Yes (50+)Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT
Year Founded : 2009
Cryptocurrencies:
Yes (30+)Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Alipay, Bitcoin, Bitcoin Cash, Boleto, Ether/Ethereum, Litecoin, Local Bank Deposits, Mobile Money, PerfectMoney, WebMoney, USDT
Year Founded : 2011
Cryptocurrencies: (25+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Bank Deposit, VISA, awepay, Bitcoin, FasaPay, Local Bank Deposits, Local Bank Transfers, Neteller, paytm, Skrill, UnionPay, USDT
Leverage: 1:20 | 1:500
Regulation: CySEC, FCA, DFSA, FSCA, FSA.
Min. Deposit: 50 US$
Min. Withdraw : 50 US$
HQ: Australia, Cyprus, and the UK.
Platforms: MT4, cTrader, web trading
EAs/Robots: ✅ Yes | News Trading: ✅ Yes | Scalping: ✅ Yes
Cryptocurrencies: 20+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, Crypto. USDT
Leverage: 1:20 | 1:500
Regulation: CySEC, FCA, DFSA, FSCA, FSA.
Min. Deposit: 100 US$
Min. Withdraw : 100 US$
HQ: Cyprus, the UK, Australia, and the United States.
Platforms: MT4, cTrader, web trading
EAs/Robots: ✅ Yes | News Trading: ✅ Yes | Scalping: ✅ Yes
Cryptocurrencies: 20+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, Crypto. USDT
Leverage: 1:20 | 1:500
Regulation: CySEC, FCA, DFSA, FSCA, FSA.
Min. Deposit: 50 US$
Min. Withdraw : 50 US$
HQ: Australia, Cyprus, and the UK.
Platforms: MT4, cTrader, web trading
EAs/Robots: ✅ Yes | News Trading: ✅ Yes | Scalping: ✅ Yes
Cryptocurrencies: 20+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, Crypto. USDT
Year Founded : 2010
Cryptocurrencies:
YesDeposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT
A Forex broker is a financial services company that provides traders with access to the foreign exchange market. The primary function of a Forex broker is to facilitate the buying and selling of currencies by acting as an intermediary between the trader and the market ( Forex BD / BD Forex / ForexBD / ForexBDLTD / Forex bd LTD / @forexbd )..
Forex brokers offer traders a variety of services, including trading platforms, market analysis, and educational resources. They also provide access to leverage, which allows traders to control larger positions with a smaller amount of capital.
Forex brokers can operate in different ways, such as market makers, which set their own bid and ask prices and take the opposite side of their clients’ trades, or as agency brokers, which pass their clients’ orders directly to the market without any intervention.
Choosing a reliable and trustworthy Forex broker is important for traders to ensure that they receive fair and transparent pricing, access to a range of financial instruments, and adequate customer support ( Forex BD / BD Forex / ForexBD / ForexBDLTD / Forex bd LTD / @forexbd )..
Forex brokers play an important role in the foreign exchange market by providing liquidity and enabling traders to participate in the market with ease. Forex brokers offer a wide range of services and tools to traders, including:
Trading Platforms: Forex brokers provide traders with access to trading platforms that allow them to place trades, analyze the market, and manage their trading accounts.
Market Analysis: Forex brokers offer traders access to market analysis, including news, research, and economic data. This can help traders make informed decisions about when to enter or exit the market.
Educational Resources: Forex brokers often provide educational resources, such as webinars, videos, and tutorials, to help traders improve their trading skills and knowledge.
Leverage: Forex brokers offer traders access to leverage, which allows traders to control larger positions with a smaller amount of capital. However, it’s important to note that leverage can increase both potential profits and losses.
Customer Support: Forex brokers provide customer support to help traders with any questions or issues they may have ( Forex BD / BD Forex / ForexBD / ForexBDLTD / Forex bd LTD / @forexbd )..
When choosing a Forex broker, traders should consider factors such as the broker’s reputation, regulation, trading conditions, fees and commissions, and customer support. It’s important to choose a broker that is reliable, transparent, and offers competitive pricing and trading conditions.
Forex brokers provide traders with access to various types of trading platforms, each with its own unique features and advantages. Here are some of the most common types of Forex broker platforms:
MetaTrader 4 (MT4): MT4 is one of the most popular Forex trading platforms, used by millions of traders worldwide. It is known for its user-friendly interface, extensive charting tools, and support for automated trading through Expert Advisors (EAs) ( Forex BD / BD Forex / ForexBD / ForexBDLTD / Forex bd LTD / @forexbd )..
MetaTrader 5 (MT5): MT5 is the newer version of MT4 and offers additional features and improvements, such as more advanced charting tools, additional order types, and support for more financial instruments.
cTrader: cTrader is a trading platform that offers advanced charting tools, support for automated trading, and fast order execution. It is known for its user-friendly interface and customization options.
WebTrader: WebTrader is a browser-based trading platform that allows traders to access the market from any device with an internet connection. It is a popular choice for traders who prefer a simple and easy-to-use platform ( Forex BD / BD Forex / ForexBD / ForexBDLTD / Forex bd LTD / @forexbd )..
Mobile Trading Platforms: Forex brokers also offer mobile trading platforms that allow traders to access the market and manage their positions from their smartphones or tablets. These platforms typically offer a range of features, including real-time quotes, charts, and news updates.
When choosing a Forex broker platform, it’s important to consider factors such as ease of use, charting tools, order types, automated trading options, customization options, and compatibility with your trading style and strategy. Ultimately, the best platform for you will depend on your individual needs and preferences as a trader.
Forex brokers can be categorized into different types based on their business model and the services they offer to their clients. Here are some of the most common types of Forex brokers ( Forex BD / BD Forex / ForexBD / ForexBDLTD / Forex bd LTD / @forexbd ). :
Dealing Desk (DD) Brokers: Dealing Desk brokers, also known as market makers, act as counterparties to their clients’ trades. They provide liquidity to the market by taking the opposite side of their clients’ trades, and may also offer fixed spreads, guaranteed stop-loss orders, and other risk management tools.
No Dealing Desk (NDD) Brokers: No Dealing Desk brokers do not act as counterparties to their clients’ trades, but instead route their orders directly to liquidity providers, such as banks, financial institutions, and other brokers. NDD brokers typically offer variable spreads and faster order execution speeds than DD brokers.
Electronic Communication Network (ECN) Brokers: ECN brokers are similar to NDD brokers, but instead of routing orders to a single liquidity provider, they connect their clients to a network of liquidity providers, which compete to offer the best bid and ask prices. ECN brokers typically charge a commission for their services, but offer some of the tightest spreads and fastest order execution speeds in the market.
Straight Through Processing (STP) Brokers: STP brokers are similar to NDD brokers, but instead of routing orders directly to liquidity providers, they use automated systems to execute orders based on pre-defined trading rules. STP brokers may offer variable or fixed spreads, and may charge a commission or markup on their services.
Hybrid Brokers: Hybrid brokers combine elements of different business models, such as acting as both a market maker and an ECN broker, or offering both fixed and variable spreads. Hybrid brokers may offer a range of services and account types to meet the needs of different types of traders.
When choosing a Forex broker, it’s important to consider the broker’s business model and the services they offer, as well as their reputation, regulation, and customer support. The best broker for you will depend on your individual needs and trading style, as well as the trading conditions and fees offered by the broker.
Forex trading is a popular financial activity that involves buying and selling currencies to profit from the fluctuations in exchange rates. As with any financial activity, it is essential to choose a reputable and regulated broker to ensure the safety of your funds and a fair trading environment. In this article, we will discuss some of the top regulated forex broker houses.
Online forex trading payment methods refer to the various payment options available for forex traders to deposit or withdraw funds from their trading accounts. In the world of forex trading, payment methods play a vital role in facilitating smooth transactions, and it is important to choose a secure and reliable payment method that suits your needs.
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Risk Warning: Trading on financial markets carries risks. Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved and take into account your investment objectives and level of experience.
Disclaimer : Forexbd.ltd is not encouraging anyone to do forex/stock trading, as there are investments and financial risks involved. ForexBD channel or videos are educational and informative. Before deciding to invest in the forex market, you should carefully consider your investment objectives, level of experience, and risk appetite.
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