Traders Union’s Experts Rank Tickmill Among The Top 3 Forex Brokers
Forex trading offers an exciting avenue for financial growth, with brokers like Tickmill Group shaping the landscape.
Tickmill entered the top 3 Forex brokers, according to TU. Traders Union has revealed the Tickmill trading review, highlighting its strengths, weaknesses, and overall positioning in the forex world.
What is Tickmill Group
Traders Union experts rank Tickmill trading as a reliable broker with a commendable TU Overall Score of 7.96 out of 10. After a meticulous evaluation of trading opportunities, our expert, Anton Kharitonov, highly recommends this company, as most reviews reflect a high degree of client satisfaction.
With its position at 3rd among other top companies featured in the TU Ranking, Tickmill caters to both professional traders and novices. Its versatile offerings make it a suitable environment for both robotic trading and short-term strategies. As a provider of brokerage services, the Tickmill Group prides itself on its innovative approach, which has earned it accolades such as the “Best Forex Spreads” and “Best Forex Trading Experience” in 2022.
Tickmill’s group of companies includes several internationally regulated bodies, enhancing its global reach and credibility:
- Tickmill Europe Ltd is regulated by the CySEC (Cyprus).
- Tickmill Ltd is regulated by the FSA (the Seychelles).
- Tickmill UK Ltd is regulated by the FCA (UK).
- Tickmill Asia Ltd is regulated by the Labuan FSA (Labuan, Malaysia).
- Tickmill South Africa (Pty) Ltd is regulated by the FSCA (SAR).
Advantages and Disadvantages of Trading with Tickmill Group
The Traders Union experts have identified key advantages and potential areas of improvement for Tickmill Group.
- Spreads from 0 pips: This allows traders to reduce trading costs significantly.
- Any strategy is allowed: It allows traders to adopt a strategy that best suits their trading goals.
- Protection against negative balance: Shields traders from losing more than they have invested.
- Mobile app trading platform: Facilitates on-the-go trading.
- Customer support is available only 5 days a week from 7:00 to 16:00 GMT.
- The selection of currency pairs is relatively tiny.
- The platform does not offer a cent account.
- There is no provision for trust management.
Trading conditions for Tickmill users
Tickmill’s trading conditions cater to both novices and professionals. The broker offers several account types. The Classic account, for instance, with a minimum deposit of $100, offers a transparent spread and doesn’t charge fees. On the other hand, the Pro and VIP accounts are professional ECN accounts offering near-zero spread, instant order execution, and a fixed fee per lot.
Leverage is subject to the broker’s subdivision, with more stringent European conditions (up to 1:30 for retail clients and 1:300 for “Qualified/Professional” status). Outside Europe, conditions are more flexible, offering leverage of up to 1:500.
To conclude, Tickmill Group’s position in the forex brokerage market is underscored by its innovative approach, flexible strategies, and varied offerings. However, improvement in certain areas, such as customer support and currency pair selection, would augment its overall standing. Visit Traders Union’s official website for detailed learning.