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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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RoboForex adding EOS Cryptocurrency

RoboForex adding EOS Cryptocurrency

RoboForex announced today adding EOS, a cryptocurrency which is now available for trading with the broker on both MT4 and MT5 platforms.

Roboforex added EOS CryptocurrencyCurrently, RoboForex clients have 7 crypto instruments to choose from.

RoboForex keeps expanding its crypto portfolio.

The latest addition is EOSUSD, which is already available to the clients through MT4 and MT5, alongside with six other crypto pairs:

BTCUSD, ETHUSD, BCHUSD, DSHUSD, LTCUSD, and XRPUSD.

The EOSUSD trading conditions are the following:

  • minimum lot size: 100,
  • minimum increment: 0.01,
  • leverage 5:1.

EOS is a cryptocurrency that was introduced in 2017 and is based on blockchain and smart contracts. Its key features are scalability, decentralized apps, and huge throughput (a few million transaction per second).

This is another step towards developing our crypto portfolio.

Our clients do value the flexibility and state of the art technologies we offer them As for us, our mission is meeting their expectations and constantly improving the trading conditions by opening the door to new instruments and opportunities.

says Denis Golomedov, ;Marketing Director at RoboForex.

Roboforex and Cryptocurrency

This Broker has been on the forefront of crypto trading on the Metatrader 4 and Metatrader trading platforms from the beginning and pushing for more and more trad-able assets to be added to their offering .

it took this broker a little bit of time but now that they got them selves into the cryptocurrency trading arena they come to lead the pack. this in combination with their the trading platforms they are offering makes this a broker to take notice of.

as yet there are not enough brokers that offer metatrader 5 and especially one where you are able to trade bitcoin ethereum, litecoin and now also EOS.

About RoboForex

RoboForex is a brokerage company catering to clients from various countries. The broker’s focus is providing the traders with access to its own financial market platforms.

RoboForex Ltd is a licensed company (License No. IFSC/60/271/TS/17).

 

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Local bitcoin Trader Jailed for Money Laundering

Indicted: Local bitcoin Trader Jailed for Money Laundering

Local Bitcoin trader, Theresa Lynn Tetley, also widely known as Bitcoin Maven has been indicted for indulging in illegal bitcoin-for-cash transactions. According to the Central District of California, the LocalBitcoins.com trader has been sentenced to 12 months in prison.

She has also been handed a three-year supervised release and a $20,000 fine. A former real estate investor and stockbroker, the court ordered her to relinquish $292,264.00 in cash, 25 assorted gold bars, and 40 bitcoin.

money launderingTetley pled guilty to one count of operating an unlicensed money exchange business, and another related to money laundering. Her case is the first of its kind in the Central District of California.

Tetley was procedurally supposed to register her business with the Financial Crimes Enforcement Network, an agency of the United States Department of the Treasury.

The agency is responsible for analyzing transactions to curb money laundering and related financial crimes. She also failed to implement standard anti-money laundering protocol, including reporting of certain financial sources as per the requirements of this type of business.

Tetley is said to have traded over $6 million for clients within the United States and charged higher rates as compared to other traders within the LocalBitcoins platform.

Also noted in the court documents was that Theresa Lynn laundered bitcoin for a customer who had been suspected of having acquired the cryptocurrency through illegal activities, including drug sales on the dark web.

She also carried out a bitcoin to cash transaction for an undercover agent who had explicitly declared that his bitcoin was tied to narco-trafficking operations.

According to the report, Tetley’s service was responsible for fueling the growing use of cryptocurrencies to launder money and supported a black market system set up purposely to circumvent the law.

The organizations involved in her investigation included the IRS Criminal Investigation and the Drug Enforcement Administration.

Just One of Many

That said, the government has been committing significant resources to counter the crypto – dark web menace, and earlier this month, a major sting operation was carried out against a major money laundering network. Thirty-five suspects were arrested.

One individual, identified as John Edward Monette, was charged with Conspiracy to Distribute a Controlled Substance. He was also alleged to have carried out numerous bitcoin for cash exchange transactions on the dark web, most of them in 2017 and totaling about $19,000.

Another dark web vendor busted during the operation, Ryan Farace, 34 was indicted for being involved in an alprazolam tablets manufacture and distribution scheme.

He sold the drugs on the dark web, with all transactions being made in bitcoin. Additional digital currency money laundering transactions were made to conceal the sources.

Article Originally Published:

By ELIZABETH GAIL at Coincentral

 

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Why You Need to Get Onboard With Blockchain!

Why You Need to Get Onboard With Blockchain!

Blockchain tech – so revolutionary in nature that some are calling it the “new internet.” It has applications in just about every industry, and has completely altered the way we think about internet security, the processing of information, and the speed of transactions.

Blockchain is the technology that supports the digital currency  or cryptocurrency called Bitcoin –

however this is not what it is really about as it has a far wider scope of applications and is being commercialized in a growing number of areas.

It has generated much interest in technology circles and beyond, because of the new possibilities it opens up in financial services, the public sector and other areas.

According to sites like BitFortune.net, blockchain tech is definitely worth keeping an eye on due to the myriad of benefits it provides.

Blockchain and Bitcoin are not the same thing – Bitcoin is implemented using blockchain technology, but blockchain technology can be used in contexts much wider than Bitcoin or other cryptocurrencies. so when we are talking about the blockchain we are talking about a combination of a number of technologies, these including:

  • Distributed ledgers.
  • The blockchain data structure.
  • Public key cryptography.
  • Consensus mechanisms.

Part of what makes it so exciting is that it is completely open source. As a result, there are already a number of interesting blockchain apps, and the number is growing daily.

The technology is so secure that it is already being used by DARPA to secure military data. Various governments around the world are working on ways to use the tech to protect their own data.
The tech is tamper-proof, and the data stored within it is permanent. It cannot be erased or altered, and this is what makes it so enticing to those needing more secure networks.

But there is more, folks. (Okay, so that sounds a bit like an infomercial, but the benefits are real nonetheless.) Transactions can speed across the network – taking only as much time as it takes for them to be authorized.

The blockchain cannot be described just as a revolution. It is a tsunami-like phenomenon, slowly advancing and gradually enveloping everything along its way by the force of its progression.

William Mougayar

The system runs without the need for an intermediary, and this reduces the time it takes to execute transactions. This, and the unique way that the tech works, means that costs are significantly reduced as well.

What makes it so revolutionary is that the information is spread across every computer within the network. With Bitcoin, that means the data is securely “backed up” over thousands of computers.

Now, it is unlikely that banks will entrust their data to a public network in the same way, but they have been working on creating networks of their own instead.

The potential savings in terms of cost and time are extensive. If you want to learn more about these savings, check out the infographic below.

 

Why You Need to Get Onboard With Blockchain!


Why You Need to Get Onboard With Blockchain!


Visit bitfortune.net . for more interesting Infographics

Guys did an amazing job and was allowed to share.


 

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