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Tickmill Review – Should You Open an Account With Tickmill?

Tickmill is an online trading service that has been in business since 2014. The broker has offerings to appeal to beginner and expert traders alike and has several account types. Tickmill is Tickmill Ltd’s trading name and part of Tickmill Group. The Seychelles Financial Services Authority (FSA) regulates Tickmill Group, with additional regulation from the…

Tickmill is an online trading service that has been in business since 2014. The broker has offerings to appeal to beginner and expert traders alike and has several account types.

Tickmill is Tickmill Ltd’s trading name and part of Tickmill Group. The Seychelles Financial Services Authority (FSA) regulates Tickmill Group, with additional regulation from the FCA and CySEC.

According to the Tickmill website, Tickmill Group has more than 263,000 registered accounts, more than 111,000 satisfied clients, more than 150 employees around the world, and has executed more than 215 million trades.

Strengths

  • Regulated by the FCA
  • More than 200 million trades
  • Nice range of assets

Weaknesses

  • No ability to choose a trading platform

What can you trade?

£100
Min Deposit

Good
App Support

1:30
Max Leverage

As you review Tickmill forex offerings, you will likely appreciate the range of offerings available as well as the quick average execution speed of just 0.15 seconds.

The broker offers spreads starting at 0.0 pips and provides clients access to more than 60 currency pairs. This Tickmill forex review points out that the broker offers leverage of up to 1:500. It also allows for all trading strategies.

As an example of the spreads you can expect as you review Tickmill forex pairs, EURUSD has a minimum spread of 0 and a typical spread of 0.2. Long positions are -8.51 and short positions are 4.9, at the time of writing.

£100
Min Deposit

Good
App Support

1:30
Max Leverage

As you review Tickmill CFD offerings, you will notice that most assets available via the broker come in the form of CFDs. These include precious metals and bonds. The average execution speed of 0.15 seconds is the same in a Tickmill CFD review as it is with other assets from the broker.

Tickmill supports gold and silver crosses for precious metals, with spreads from 0.0 pips, support for all trading strategies, and leverage of up to 1:500. The typical spread for XAGUSD is 0.021 and 0.12 for XAUUSD at the time of writing this UK Tickmill review.

Bonds have similar features to those in other aspects of this Tickmill review, including the same quick execution speed, enabling of all trading strategies, and spreads from 0.0 pips. There is also access to German Bonds, a relatively unique offering that many traders will appreciate. Most bonds have minimum spreads of 18 with typical spreads of 40.

£100
Min Deposit

Good
App Support

1:5
Max Leverage

This Tickmill UK review points out that the broker supports trading of stock indices, which feature groupings of stocks that share some features in common. The broker prides itself on delivering a fast execution speed averaging just 0.15 seconds.

Spreads for stock indices from Tickmill start at just 0.0 pips and leverage can be as high as 1:100. There are more than 14 indices to choose from, which is less than some competitors but still a reasonable amount. As with other asset classes, you can use any trading strategy with Tickmill stocks.

To provide example rates to help you review Tickmill offerings and make a decision, consider that the minimum spread for the DE30 is 00.7 with a typical spread of 0.8. For UK100, these figures are 0 and 1.09, respectively. They are 1 and 2, respectively for the US30.

It is easy to review Tickmill UK rates and spreads for stock indices and other assets via the page on the website, which is clearly outlining the spreads.

£1
Min Deposit

Few
App Support

1:2
Max Leverage

You will not find a Tickmill cryptocurrency review as the broker does not offer cryptocurrencies for trading. Our search to review Tickmill cryptocurrency offerings looked at both forex pairs and CFDs, which is where most competitors list cryptocurrencies if they are not listed separately. Because of the lack of this asset, those who want to review Tickmill cryptocurrency offerings will want to look for a different broker that does offer this asset class.

What did our traders think after reviewing the key criteria?

This Tickmill UK review finds that the broker is transparent with its fees, something that we highly appreciate and feel that potential clients will as well. There is a dedicated page of the website that is easy to find and lists the spreads and swaps for all assets. It is conveniently divided by category and features a search bar.

Commissions depend on account types, with classic accounts using spreads instead of commissions. You can also choose an account with lower spreads and commissions, depending on your trading strategy.

This Tickmill review also finds that the broker has good leverage offerings, with up to 1:500 for forex, 1:100 for stock indices and oil, 1:250 or 1:500 for metals, and 1:100 for bonds.

There are three main types of accounts outlined in this Tickmill review, with some other variations available. All accounts have minimum deposits of 100 units unless otherwise specified.

Classic Accounts let you select the base currency of USD, GBP, or EUR. Spreads start at 1.6 pips, leverage goes up to 1:500, there is a minimum lot size of 0.01, and there are zero commissions. This type of account allows for all strategies and swap-free Islamic accounts are available.

Pro Accounts add the option of PLN as a base currency. The maximum leverage is 1:30 for retail clients and 1:500 for professional clients. Spreads are from 0.0 pips with commissions of 2 per side per 100,000 traded. Once again, Islamic accounts are available, and all strategies are allowed.

VIP Accounts increase the minimum balance to 50,000 units of your base currency, which can be USD, GBP, or EUR. They allow for all strategies and Islamic accounts. The leverage can be up to 1:500 and spreads start at 0.0 pips. Commissions are 1 per side per 100,000 traded.

To open an Islamic account, you contact Tickmill customer support and they will process the request within a business day. You receive an email when the setup is complete. If you plan on opening multiple accounts with Tickmill, any future accounts you open will also be swap-free, saving you time.

Those who want to complete their own Tickmill review before opening a real money account can also sign up for a demo account. It uses virtual funding, real market conditions, and access to the full-featured trading platform.

Those with experience trading will find it easy to review Tickmill CFD offerings and other assets as the broker uses the MetaTrader 4 platform. This is the most popular platform in the market and is fully customisable. You can use the Web Trader version of MT4 or a downloadable version for Windows, MacOS, Android, or iOS.

Trading with MetaTrader 4 gives you access to the CFDs on forex, stock indices, bonds, and commodities available via Tickmill. The platform also allows for the execution of orders without partial fills, thanks to the huge liquidity depth.

The platform supports Expert Advisors, which are made easier thanks to VPS services that this Tickmill review feels are a strong offering. Advanced traders and those learning various trading skills will appreciate the inclusion of customisable charting, advanced technical analysis, and more than 50 indicators. Trading signals are also available, complete with an advanced notification system.

The Web Trader has the full functionality of the downloadable MetaTrader 4 platform, including more than 30 indicators, nine time frames, customisable price charts, real-time quotes via Market Watch, and securely encrypted data transmission. Best of all, there is no need to download a platform and you can begin trading immediately.

This Tickmill review feels that the website and platform that the broker uses are highly usable. MetaTrader 4 is the industry standard and there are numerous tutorials available online for those who need help getting started, with additional tutorials from Tickmill.

The Tickmill website has a professional appearance with a mostly grey background and black font, mixed with relevant background images and white font. Between the main navigation menu and the bottom navigation menu, visitors to the website should be able to find all of the information they need.

Tickmill Review

If you have any questions as you use and review Tickmill CFD offerings, you should be able to find the answers in the FAQ section. This page has several categories, a section for Top FAQs, and a search bar.

When you want to contact customer support, this Tickmill review lets you know that you can use the live chat, call for phone support, or send traditional mail. Client support is only available on weekdays from 7:00 to 20:00 GMT (GMT+1 during Daylight Savings). The lack of 24/5 support is a serious consideration in this Tickmill review as many competitors offer that level of support. However, most people will find the 13 hours of daily support to be enough, unless they prefer to trade at odd hours.

Tickmill offers many deposit and withdrawal methods, with certain methods only available in certain countries. All withdrawals occur in your account base currency.

Card payments

Tickmill accepts payments in USD, GBP, and EUR via Visa or MasterCard, with minimum deposits of 100 and minimum withdrawals of 225. There are no fees. Deposits are instant and withdrawals take up to a working day.

Bank wire transfer

Bank transfers are supported in EUR, GBP, or USD with a minimum deposit of 100 and a minimum withdrawal of 25. There are no commissions and the deposit or withdrawal is processed within a business day.

E-wallets

There is also support for various e-wallets, most of which have instant deposits, minimum deposits of 100, and minimum withdrawals of 25. Skrill and Neteller are accepted for USD, EUR, or GBP, with instant deposits and withdrawals within a working day.

Other regional e-wallets with support from Tickmill include STICPAY, FasaPay, UnionPay, NganLuong.vn, Qiwi, and WebMoney.

In terms of education, Tickmill offers a range of free seminars around the world in a variety of languages. There are also e-books on strategies for trading majors and becoming an introducing broker. Those who prefer visual learning will appreciate the broker’s collection of educational videos in various languages. There are also infographics, a forex glossary, technical and fundamental analysis, relevant articles, and market insights.

To assist with trading, the broker offers Autochartist, Myfxbook Copy Trading, an economic calendar, forex calculators, a VPS, and one-click trading.

At the time of writing, there is also an offer of a $30 Welcome Account, so new clients do not need to deposit funds to begin trading.

As mentioned, Tickmill Group, including Tickmill, is regulated around the world by multiple organisations.

The Seychelles Financial Services Authority (FSA) regulates Tickmill Ltd as a security dealer with license number SD008. The Financial Conduct Authority (FCA) regulates and authorises Tickmill UK Ltd with register number 717270. The Cyprus Securities and Exchange Commission (CySEC) regulates and authorises Tickmill Europe Ltd with license number 278/15 as a CIF limited company.

Additionally, various Tickmill Group trading names are registered with the FCA in the United Kingdom, BaFin in Germany, CONSOB in Italy, ACPR in France, and CNMV in Spain. This Tickmill review also points out further confidence in the broker via its participation in the MiFID II, the Financial Services Compensation Scheme, and the Investor Compensation Fund.

In addition to positive Tickmill forex review articles, the broker and other members of Tickmill Group have earned numerous honours and awards over the years. In 2019 alone, it was the Best Forex Execution Broker at the CFI.co Awards, Best Trading Platform Provider at the FxDailyInfo.com Broker Awards, Best CFD Broker Asia from International Business Magazine, Best CFD Provider from the Online Personal Wealth Awards, Most Transparent Broker from the Forex Awards, and Best Forex Broker Asia from the Forex Awards.

Tickmill FAQs

Tickmill offers 80+ financial instruments across FX, commodities, stock indices, and bonds. Although the firm provides its services to customers around the world, the broker does not accept US residents since ‘Over the counter’ trading in financial instruments is against the US securities law. Founded on the legislation of the Dodd Frank Act, the SEC has imposed stringent regulations against CFD trading in the country.

Tickmill is a multi-asset, multi-regulated broker, owned and operated by the Tickmill Group of Companies. The broker is authorised by the tier-I Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Europe and the FSA in Seychelles. You can trade in 80+ instruments with a minimum deposit of $100, spreads from zero pips, leverage of 500:1, 0% commissions and from a choice of three account types. So yes, Tickmill is a good broker.

Besides bank wire transfers and card payments, Tickmill accepts payments via eWallets such as Skrill and Neteller. The other regional e-wallets include WebMoney, UnionPay, NganLuong.vn, FasaPay, Qiwi, and STICPAY. PayPal does not feature in the list of online wallets accepted by Tickmill.

Withdraw funds in your base currency from the client area. All you have to do is log in, fill out the withdrawal form and submit. The withdrawal methods include Visa, MasterCard, bank wire or eWallets such as UnionPay, FasaPay, WebMoney, STICPAY, and Qiwi.

The minimum withdrawals for bank wire transfers and e-wallets are $25, and $225 in the case of Visa or MasterCard. The processing time is one working day, and Tickmill does not charge withdrawal fees.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.

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Neteller Launches Cryptocurrency Exchange Service

Neteller Launches Cryptocurrency Exchange Service

Neteller  one of the most known Digital fiat currency wallet provider , has started allowing its users to buy, sell, and hold cryptocurrencies including BTC, BCH, ETH, ETC, and LTC.

They do this on the large scale with a pilot in 10 countries and soon another 50 countries to join . They understand that if you do this effort it will only succeed if you can do this on a global scale.

Neteller and Cryptocurrencies

Neteller is a service which is operated by Paysafe Financial Services Ltd.,

paysafe

paysafe

founded in 1999, Paysafe Financial Services entered the market with the mission to provide an online alternative to the known traditional payment methods.

Most of the traders aiming us now neteller as one of the companies through which we made our deposits and if we had any profits also our withdrawals. A couple of years ago they left the Forex and Binary industry behind since the charge-back issue became just too expensive.

But as any companies knows, if you do not adept you die. The binary option market is all but dead and the Forex industry has moved also into the directions of the cryptocurrencies. thus, neteller understands that this is where the future is.

So Lasts week they announced that they are now offering a wallet with buy and sell cryptocurrency options.

As of today, Neteller users can buy, hold and sell cryptocurrencies via a recognized cryptocurrency exchange including bitcoin, bitcoin cash, ethereum, ethereum classic and litecoin, purchased using any one of 28 fiat currencies available in the Neteller wallet.

It may not seem so exciting but for many users that love this service it actually is. More and more currencies will be added making them an true exchange in the near future.

Now one is able to fund their neteller account through many different means (Mobile, Epay, Paysafecard, local bank deposits, and bitcoin)

We think that will make the threshold for many people, who would want to buy or sell cryptocurrencies, lower. This in return is a good thing for the overall acceptance of the cryptocurrencies in the mainstream of every day life.

Conditions for buying and selling cryptocurrencies through Neteller

The rates offered are somewhat in the lower middle of the current market making them go for the save route. The average market rates on the major cryptocurrency exchanges differ all in all not that much anyways, as this is not the main reason to choose to buy Bitcoin through Neteller

The minimum cryptocurrency purchase or sale amount is “approximately equal to 10 EUR,” the firm clarified, adding that the maximum amount depends on the transaction limits associated with each account.

When You open an account with Neteller you have to choose your default currency. This is of course for most people in accordance on their geographical locations, people in Britain will go for the pound most Europeans go for the euro and pretty much the rest of the work goes for the US Dollar, thou other currencies are available

The fee is 1.5 percent for purchasing and selling cryptocurrencies from wallets with EUR or USD as the default currency.

The fee rises to 3 percent for wallets with other default currencies.

Neteller  | Why is this a good move for neteller and one that we should expect from other online Payment providers as well ?

At this moment till last week Neteller users can pay, get paid on thousands of sites, and send money around the world through their system.

The company claims to have “millions of point-of-sale, ATM and online locations” for users to withdraw or spend their cash.

Last July 25, Paysafe ( which as you remember is the company that owns Neteller and Skrill)  announced that another digital wallet provider in its group, Skrill ( formerly known as moneybookers), started allowing customers to “instantly buy and sell cryptocurrencies, including bitcoin, bitcoin cash, ether and litecoin, using any one of the 40+ fiat currencies available in the Skrill wallet.”

We could now see that this was like their test run on this concept.

We do not know the numbers that Skrill produced since they offered this service but it must have been encouraging enough for Paysafe to include their flagship brand in this endevour.

We will see where this leads but we are hopeful that this is the next step in global acceptance to the cryptocurrency revolution. Let me know what you think

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The basics of trading that one should know

The basics of trading that one should know

Things you should be aware of before you start

The currency trading industry and now also the cryptocurrency trading industry have gone through enormous volatile times the last couple of years. Now with trump and its trade wars. The fast rise and somewhat recline of the cryptocurrencies and the fast pace of international politics and economies that create high rises and steep fall of the currencies.

So what does it all mean and what can you do before start to trade on these news headlines.

Good brokers like LegacyFX and UBCFX provide the traders with the latest market news and updates on a continuous basis but if you are new to trading you still have no idea what to do with this.

You start by understanding that the involves a high degree of risk, including the risk of losing you hard earned money. Besides the ones that were lucky enough to have bought Bitcoin a couple of years back and cashed in in the end of 2017, most people don’t get rich overnight.

You have to understand that you only trade with money that you are able to lose, going hungry because you want to open a trade is not the right wy to go about it.

So, What is Forex?

You should by now understand that the value of currencies goes up and down every day.

This in general becomes apparent the moment you go on vacation and what you bought last year with your money now is not the same amount you get today at the exchange.

This is on a large scale, what a lot of people do not know is that there is a foreign exchange market – or ‘Forex’ for short – or “FX” for even shorter, where you can potentially make a profit from the movement of these currencies.

The most known Trader is George Soros who made a billion dollars in a day by trading currencies. This is of course on a scale that we are not able to reach and you need a huge amount of money to begin with. Still he made a billion in one day!!

The internet has played a huge part in making trading in currencies accessible for the masses. You also do not need huge amounts of money to actually do this. Now keep in mind that if you make 10% profit on your investment but the investment was just $50 you basically just end up with $55. still no bank will give you 10% interest on your money.

Many people and I am talking millions are now trading every day, most do this on the side and don’t do this as a full-time job, but there are today enough people that are full time traders and making enough money to live comfortably.

Retail forex market needed Brokers

The Forex market for the retail market was born, it started around 15 years ago to become more serious as technologies advanced and the stream of information became almost instant, this is important for trading as one second can make the difference between profit or loss.

So, the moment the technology was there the people that wanted to trade were there all that was needed were the Forex brokers that offered the platform for trading.

There are latterly hundreds of companies of not thousands that offer this service and there are good ones like LegacyFX and there are scams (these tend to not last long)

Forex explained in short

The Forex market is the largest financial market on the planet and has been for many years now.

Its average daily trading volume is more than $4 trillion. (just let that number sink in for a second). Of this total amount around 5% is the retail market meaning traders like you and me. Still 5% of 4 Trillion is still a number with a lot of zeros behind it.

If you compare that with the New York Stock Exchange, which only has an average daily trading volume of $55 billion. You truly see the size.

To give you another example:

if you were to put ALL of the world’s equity and futures markets together, their combined trading volume would still only equal a 25% of the daily Forex market. Insane right?

Why does this even matter?

It matters because there are so many buyers and sellers that transaction prices are kept low. To explain how trading the Forex market is different than trading stocks, here are a few major benefits.

  1. Most Brokers don’t charge commissions – you pay only the bid/ask spreads.
  2. There’s 24hour trading – you decide when to trade and how to trade.
  3. You can focus on your currencies and become experts in only those pairs that you follow instead of following and selecting out of 5000 stocks
  4. You can trade on leverage, (something to be very aware of as it can magnify potential gains but also your losses).
  5. Forex is accessible for almost everyone– you don’t need a lot of money to get started
  6. In the Forex market you can trade on Demo accounts to learn before you commit your money

How is Forex traded?

The mechanics of a trade are virtually identical to those in other markets. The only difference is that you’re buying one currency and selling another at the same time.

This is also the reason as to why the currencies are quoted in pairs, like EUR/USD or USD/GBP.

The exchange rate represents the purchase price between the two currencies.

Example:

The EUR/GBP rate represents the number of GBP one EUR can buy (relevant now with all the Brexit issues going on) . If you think the Euro will increase in value against the British Pound, you buy Euros with British Pounds. If the exchange rate rises, you sell the Euros back, and you cash in your profit.

Now the same works for strading Bitcoin, ethereum, Litecoin or other cryptocurrencies. this has become an entire new market and has introduced many people to Forex . you should here be also aware that trading cryptocurrencies is like regular trading so you will be able to lose great sums of money.

the Best thing i found about trading cryptocurrencies is that the Leverage by default tends to be very low which makes the risk of losing it all much smaller.

Sounds simply enough?

Why does not everyone Trade.

The same could be asked as to why not everyone plays poker, you can make money. The comparison between the 2 is actually closer than you might think.

All traders that are successful will tell you that 80% of successful trading is psychology and the other 20% is research. It takes time to get the research down, but it can take a lifetime to master the psychology.

People tend to do things differently when real money is on the line and are accepting losses in the hope that the trend will reverse or taking out profit too early because they don’t want to lose what they just have gained. In short, the psychology is the hard part.

One should be aware that you can loose real money and a lot of it very fast if you don’t know what you are doing.

Now most Good Forex brokers offer some educational tools, some more than others that will teach you how to trade. There is also something that is called social trading that will allow you to follow other traders and see what they are doing in order for you to learn and make money at the same time.

So here are some ground rules for those that look to start trading

  1. Get involved in the market, watch read and listen to the news to understand what is happening
  2. Go through a trading course ( a good one is here)
  3. Open a demo account and trade at least a month (my advice to do this even longer)only on this before you even think about trading with real money.
  4. Check out social trading, there are some options for this, this broker offers this also.
  5. Try with an amount that you are able to afford losing. See this as your tuition money.
  6. Take it slow, don’t become greedy and follow the basic rules

Basic Rules (there are many more but start with these)

  1. The trend is your friend
  2. Don’t add money to a losing position
  3. Don’t trade on too many different currency pairs
  4. Trade only with a good broker
  5. Don’t open to many positions (no one needs 100 positions a day)
  6. Develop your strategy and stick to it.
  7. Know that NO ONE is 100% of the times right, everyone loses some.
  8. Last but not least, don’t trade with money you cannot afford to lose.

Now all that I want to say is good luck.  😊

 

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Wanted Cryptography Experts in China

 Wanted Cryptography Experts in China

The sooner we get to the official launch of China Digital Money. the more Cryptography Experts are needed.

it almost is surreal as they pushed against this from the beginning but now S China digital money may soon be a reality.

The Bank of China (PBOC) is hiring cryptography experts by the masses as reported by the South China Morning Post (SCMP)

this is the latest in the Chinese efforts to have a state controlled cryptocurrency for its own means.

The institution is one which worries a lot about the effect of investor activity in the cryptocurrency market. this in great contrasted to the directive issues in 2014 by the PBOC  that Bans any activity related to the cryptocurrency market.

Yet the Central bank of china started to build their own work force for building and developing their crypto in 2017.

something like if you can beat them , copy them.

in 2017 the Yicai Global reported that this targeted workforce would work from central Beijing as was to be names the  digital currency research institute

This research institute would primarily focus on the latest in digital currency technologies and all the different applications that would benefit from cryptocurrencies.

the former deputy director of the PBOC’s science department, Mr Yao Qiann would be in charge of the overall project

since then they are expending with opening a new research institute expanded in Nanjing . the idea for this center is to create more interest n the technologies and its possible applications.

the pilot programs are to be implemented by state controlled banks and academic institutions which should result in blockchain hubs that would attract new developing talent and additional capital to further develop the cryptocurrencies.

“Beijing’s ideal digital currency must ensure the smooth running of monetary and financial stability policies and at the same time protect consumers.”

Apparently, the ultimate goal for the Digital Currency Research Institute (DCRI) was to clear the path for a national cryptocurrency. Reports indicate that the fintech hubs will serve a purpose higher than initially believed. Reportedly, the hubs will serve as testing ground for China digital money. Here, the currency will undergo tests from prototype phase to future mass production.

and thus we get to the point that they are looking aggressively for new talent in the cryptographers and computer scientists sectors. now that more and more student have said good bey to the united states in the last couple of months after feeling they were less welcome this drive for finding new employment has only intensified and is answered by the large amount of brilliant young people coming back to live in chine after their education abroad.

The salaries are even higher then what they would have earned if they would stayed in the US and gone of to work in some of the companies in the Silicon Valley.

So we could expect that China is now also looking to become a world player in this industry as they have become the leaders in so many other fields.

 

 

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