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FBS , Tickmill Broker Comparison

Do you want to know which is the better broker between FBS and Tickmill ?

In the table below, you can compare the features of FBS , Tickmill side by side to determine the best fit for your needs.

  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
  • Rating
  • Basic Information
  • Benchmark
  • Account Information
  • Relevant information
  • Relevant exposure
 2 / 3   brokers in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Established
Regulatory license
MT4
MT5
Crypto
Deposit and withdrawal method
Benchmark
environment rating
Transaction Speed
Transaction speed rating
Average transaction speed
The highest transaction speed
The highest speed of opening positions
The highest speed of closing position
Slowest transaction speed
The lowest speed of opening positions
The lowest speed of closing position
Trading slippage
Transaction slippage rating
Average slippage
Maximum transaction slippage
Maximum positive slippage
Maximum negative slippage
Transaction Cost
Transaction cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Rollover Cost
Rollover cost rating
  • Average transaction cost
  • (EURUSD)
  • Average transaction cost
  • (XAUUSD)
Disconnection results
Software disconnection rating
Average disconnection frequency (times/day)
Reconnection time
Account Information
Accounts
Account name
Products
Deposit REQ
Maximum Leverage
Spread of majors
Forced Liquidation Ratio
Spread Types
Minimum Position
Crypto
Lock postition
Scalping
EA trading
FBS
8.75
Regulated
Under guarantee
--
--
5-10 years
ASIC,CYSEC,FSC
--
B
A
461.7
2
48
2
1998
1998
1982
A

EURUSD: 0.2

XAUUSD: 0.6

29
-6
29
B
14.9 USD/Lot
31.83 USD/Lot
C

Long: -5.46

Short: 0.61

Long: -29.9

Short: 6.05

AAA
0.2
60.2
Pro Account,Cent account,Standard account
36 Forex pairs, 8 metals, 3 energies, 11 indices, 127 stocks, 5 crypto pairs
$200
1:2000
from 0.5
0.00
--
0.1
--
Tickmill
7.79
Regulated
Under guarantee
5-10 years
FCA,CYSEC,FSCA,LFSA
--
AAA
AA
407.8
1
1
2
1983
1983
1940
A

EURUSD: 0.1

XAUUSD: 0.4

26
-4
26
AAA
6.44 USD/Lot
20.57 USD/Lot
AA

Long: -6.19

Short: 2.66

Long: -32.8

Short: 20.86

AAA
0.2
45.9
FUTURES ACCOUNT,PRO ACCOUNT,VIP ACCOUNT,CLASSIC ACCOUNT
CME, NYMEX, COMEX, CBOT, EUREX
$1,000
--
--
0.00
--
1 lot
--

FBS 、 Tickmill BrokersRelevant information

Tickmill BrokersRelevant exposure

Which broker is more reliable?

You can determine the reliability and credibility of a broker by checking four factors:

1.Forex broker introduction。

2.Are the transaction costs and expenses of fbs, tickmill lower?

3.Which broker is safer?

4.Which broker provides better trading platform?

Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:

Forex broker introduction

fbs
FBS Basic Information
Registered Country/Area Cyprus
Founded in 2009
Company Name Tradestone Limited
Regulatory Authority CySEC, FSC (Offshore)
Minimum Deposit $1
Maximum Leverage 1:30 (retail), 1:500 (professional)
Spreads Spreads from 0.0 pips
Trading Platforms MetaTrader 4, MetaTrader 5, FBS Trader (proprietary)
Tradable Assests Forex, CFDs, Stocks, Cryptocurrencies, Metals, Energies
Account Types Cent, Micro, Standard, Zero Spread, ECN, Crypto
Demo Account Yes
Customer Support 24/7 Live Chat, Phone, Email, Telegram, Viber, WhatsApp
Deposit/Withdrawal Methods Credit/debit cards, Bank wire transfer, Electronic wallets
Educational Tools Articles, Video Tutorials, Webinars, Courses, Glossary

Overview of FBS

FBS is a forex and CFD broker established in 2009. With its headquarters situated in Cyprus, the company maintains a global presence through offices in various countries such as China, Indonesia, Malaysia, and Thailand.

Catering to a diverse clientele, FBS offers an array of account types suitable for traders of varying experience levels and preferences. Whether you're a novice or a seasoned trader, FBS provides tailored account options to align with your requirements. The broker boasts an extensive selection of trading instruments encompassing over 40 currency pairs, precious metals, CFDs on stocks, and cryptocurrencies.

FBS equips its clients with the widely acclaimed MetaTrader 4 and MetaTrader 5 trading platforms, recognized as industry benchmarks. These platforms are accessible across desktop, web, and mobile devices, empowering traders to manage their accounts and execute trades on the move. Additionally, FBS introduces its proprietary mobile trading app, FBS Trader, catering to both iOS and Android users.

Ensuring top-notch client assistance, FBS is committed to delivering round-the-clock multilingual support via phone, email, and live chat. Complementing its support system, the broker extends an array of educational resources encompassing trading courses, video tutorials, webinars, and market analysis.

FBS' homepage

Is FBS Scam or Safe Broker?

No, FBS is not a fraudulent entity. FBS is authorized and regulated by the Cyprus Securities and Exchange Commission(CySEC) in Cyprus under regulatory license number: 331/17.

regulated by CSEC

This FBS is operated by FBS Markets Inc., and it is authorized and offshore regulated by the Financial Services Commission (FSC) in Belize under regulatory license number: IFSC/60/230/TS/17.

offshore regulated by FSC

Market Intruments

FBS offers a wide range of trading instruments, including Forex currency pairs, stocks, commodities, indices, and cryptocurrencies. Forex traders can access a total of 40 currency pairs, including major, minor, and exotic pairs.

In addition to currency pairs, traders can also access CFDs on various global stocks such as Amazon, Apple, and Facebook, as well as commodities like gold, silver, and oil. Furthermore, FBS offers CFDs on several popular indices, including the S&P 500, NASDAQ, and the FTSE 100. Finally, traders can also access cryptocurrency CFDs on Bitcoin, Ethereum, Litecoin, and Ripple.

Overall, FBS offers a diverse range of trading instruments for traders to choose from.

Market Intruments

Account Types

FBS offers a range of account types to cater to the different needs and trading styles of its clients.

The Standard account is the most popular choice, offering competitive spreads and no commission fees. It's ideal for both new and experienced traders who want to trade with a relatively low initial deposit and enjoy the benefits of FBS's trading conditions.

For those who prefer to trade with smaller amounts, the Cent account is a good option. It allows traders to trade with cents instead of dollars, so they can better manage their risks and test different trading strategies. The Cent account has the same features as the Standard account, but with smaller contract sizes.

FBS also offers a Pro account, which allows traders to trade with cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and Ripple. This account type is suitable for those who want to take advantage of the volatility of the cryptocurrency market and speculate on their price movements.

Each account type has its pros and cons. The Standard account offers more trading instruments and requires a higher minimum deposit, but it has competitive spreads and no commission fees. The Cent account is ideal for those who want to start trading in smaller amounts, but it has wider spreads and fewer trading instruments. The Crypto account has a lower minimum deposit yet wider spreads.

Account Types

Demo Trading

FBS provides demo trading accounts, enabling traders to refine their skills and acquaint themselves with the broker's trading platforms without financial risk. These demo accounts are complimentary and feature virtual funds, allowing users to replicate actual market conditions.

A key benefit of FBS's demo trading accounts lies in their ability to offer insight into the broker's trading conditions and execution speeds. They also facilitate the testing of various trading strategies and techniques. This feature proves particularly advantageous for novice traders who are still mastering the intricacies of trading and desire increased self-assurance prior to committing real capital.

Furthermore, FBS's demo trading accounts offer the advantage of global accessibility, requiring only an internet connection. This convenience is especially beneficial for traders without access to a physical trading station or those who prefer the flexibility of trading on the move.

How to Open an Account?

Registering an account with FBS is a straightforward process that ensures a hassle-free start to your trading journey. Here's a step-by-step overview:

  1. Visit FBS Website: Begin by visiting the FBS website.

  2. Open an Account: Locate and click on the “Open an account” button on the website. This initiates the registration process.

  3. Provide Personal Information: You will be prompted to enter some essential personal details, including your name, address, and email. This information helps establish your identity.

  4. Financial Information: Additionally, FBS will require some financial information. You'll be asked about your trading experience and investment goals. This helps tailor your trading experience to your needs and objectives.

  5. Application Submission: Once you've completed the necessary steps and filled in the required information, submit your application. FBS will receive your application and review it meticulously.

  6. Identity Verification: FBS will verify your identity, a standard procedure to ensure the security of your account. This verification process typically takes a few business days.

  7. Funding Your Account: After your application has been successfully processed and your identity verified, you can proceed to fund your trading account. FBS offers a range of convenient deposit methods, including credit/debit cards, bank transfers, and e-wallets.

In summary, FBS offers a user-friendly and secure registration process that ensures traders can quickly get started with their preferred trading account. Whether you're looking to trade with real funds or practice in a risk-free environment, FBS caters to your needs.

Leverage

The maximum leverage offered to retail clients with FBS is 1:30. This is in compliance with the regulations set forth by regulatory bodies like CySEC and the European Securities and Markets Authority (ESMA) to protect traders from the risks associated with high leverage.

However, professional clients with FBS have access to higher leverage up to 1:500, which can be beneficial for those who have a deeper understanding of the markets and are comfortable with taking on more risks.

It's important to have a solid understanding of leverage and risk management before engaging in high-leverage trading.

Spreads & Commissions (Trading Fees)

FBS offers a wide range of trading opportunities with their motto, “Narrow spreads – wide trading opportunities.” They provide traders with the advantage of incredibly tight spreads, starting from 0 pips.

When it comes to choosing a spread that suits their trading strategy, FBS offers flexibility. Traders can select from various spread types, including floating spreads starting from as low as 0.2 pips, fixed spreads starting from 3 pips, and even the option to trade without any spread (fixed spread of 0 pips). The choice of spread type and its associated value is determined by the specific account type a trader uses.

To enhance precision and accuracy in trading, FBS provides up to 5-digit quotes on all account types. This high level of precision is especially crucial for traders who engage in short-term orders. With this precision, traders can confidently select and execute their trading strategies, ensuring they have the most accurate information about the market to make the most of their trading endeavors.

Here is a table comparing the spreads on EUR/USD, Gold, and Indices by FBS, eToro, Exness, and IC Markets:

Broker EUR/USD Spread Gold Spread Indices Spread
FBS 0.5 pips From 0.3 pips From 0.3 pips
eToro 1 pip From 45 pips From 75 pips
Exness 0.1 pips From 25 cents From 0.8 pips
IC Markets 0.1 pips From 20 cents From 0.5 pips

Non-Trading Fees

Apart from trading fees, there may be other charges that traders should be aware of when using FBS. Here are some non-trading fees to consider:

  • Deposit and Withdrawal Fees: FBS offers various payment methods for deposits and withdrawals, including credit cards, e-wallets, and bank transfers. While most of these methods are free, some may incur fees depending on the payment provider and currency used.

  • Inactivity Fee: FBS charges an inactivity fee of $10 per month if the trading account has been inactive for 180 days or more. This fee is taken from the account balance and continues until the account becomes active again.

  • Conversion Fees: If a trader deposits funds in a currency different from their trading account currency, FBS may charge a conversion fee to convert the funds to the trading account currency. The conversion fee varies depending on the payment method and currency.

  • VPS Hosting Fees: FBS offers VPS hosting services for traders who want to use automated trading strategies. The fee for VPS hosting varies depending on the plan chosen and the billing cycle.

Trading Platform

FBS offers its clients a variety of trading platforms to choose from, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Both platforms are widely used by traders all around the world, and they offer a range of advanced tools and features to help traders analyze the markets and execute trades.

Trading Platform

MT4 is a widely-used trading platform that is known for its reliability and ease of use. It offers a range of advanced charting tools, customizable indicators, and the ability to use expert advisors (EAs) to automate trading strategies. MT4 is available in both desktop and mobile versions, making it accessible to traders on-the-go.

MT5 is an upgraded version of MT4 and offers even more advanced features and tools. It has a more advanced charting package, as well as more timeframes and order types available. MT5 also allows traders to trade on the exchange markets, in addition to Forex.

In addition to these two popular platforms, FBS also offers a proprietary trading platform called FBS Trader, which is designed for mobile trading.

The platform is available for both Android and iOS devices and offers traders access to over 50 markets, including Forex, stocks, and commodities.

Deposit & Withdrawal

FBS offers a variety of deposit and withdrawal methods, including:

As for withdrawals, there are also no fees charged by FBS, but certain payment methods may have their own fees, such as bank wire transfer. The processing time for withdrawals may vary depending on the payment method chosen, but FBS aims to process withdrawals as quickly as possible.

Deposit & Withdrawal
Deposit & Withdrawal

Customer Support

FBS offers customer support through various channels, including email, phone, live chat, and social media. Their website is also available in multiple languages, making it more accessible to traders worldwide. The broker's customer support team is available 24/7, and they have received positive reviews from traders for their quick and helpful responses.

Educational Resouces

FBS offers a range of educational resources for traders of all skill levels. These resources include:

  1. Trading courses: FBS provides free educational courses on various trading topics, including technical analysis, fundamental analysis, and risk management.

  2. Webinars: The broker regularly hosts webinars on different aspects of trading. These webinars are conducted by experts in the field and cover a wide range of topics.

  3. Video tutorials: FBS offers a collection of video tutorials that cover various aspects of trading. These tutorials are designed to help traders learn the basics of trading as well as advanced strategies.

  4. Economic calendar: FBS provides an economic calendar that includes all major economic events that can impact financial markets. This helps traders stay informed about upcoming events and make informed trading decisions.

  5. Trading tools: FBS offers a range of trading tools, including an economic news feed, a currency converter, and a trading calculator. These tools can help traders make better trading decisions.

  6. Market analysis: FBS provides daily market analysis that covers major currency pairs, commodities, and indices. The analysis includes technical and fundamental analysis as well as trading recommendations.

Educational Resouces

Conclusion

FBS is a well-established online forex and CFD broker that offers a wide range of trading instruments, account types, and educational resources. The broker is regulated by reputable authorities and provides excellent customer support services to its clients. FBS also offers various trading platforms, including the popular MetaTrader 4 and 5, as well as a proprietary mobile application, FBS Trader.

While FBS has several advantages, such as a diverse range of trading instruments and low minimum deposit requirements, it also has some drawbacks, such as higher spreads and commissions than some of its competitors, as well as some limitations on the availability of certain account types in specific regions.

FAQs

  • Q: Is FBS a regulated broker?

A: Yes, FBS is a regulated broker. It is licensed by the Cyprus Securities and Exchange Commission (CySEC) and offshore regulated by the Financial Services Commission (FSC) in Belize.

  • Q: What trading instruments are available on FBS?

A: FBS offers a variety of trading instruments, including forex currency pairs, metals, energies, stocks, and cryptocurrencies.

  • Q: What are the account types available on FBS?

A: FBS offers three main account types - Standard, Cent, and Zero Spread. There is also an ECN account type available for professional traders.

  • Q: What is the minimum deposit required to open an account with FBS?

A: The minimum deposit required to open a Standard or Cent account with FBS is $1.

  • Q: What leverage does FBS offer?

  • A: FBS offers flexible leverage options, up to 1:500 for professional traders, 1:30 for retail clients.

  • Q: What trading platforms are available on FBS?

A: FBS offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, as well as a proprietary mobile trading app called FBS Trader.

  • Q: What are the deposit and withdrawal methods available on FBS?

A: FBS offers a variety of deposit and withdrawal methods, including bank wire transfer, credit/debit cards, electronic payment systems such as Skrill, Neteller, and Perfect Money, and local payment methods.

  • Q: Does FBS offer any educational resources for traders?

A: Yes, FBS offers a range of educational resources, including video tutorials, webinars, e-books, market analysis, and a comprehensive FAQ section on their website.

  • Q: What are the customer support options available on FBS?

A: FBS offers customer support via live chat, phone, email, and social media channels. The support team is available 24/7 to assist traders with any questions or issues they may have.

  • Q: Is FBS a good broker for beginners?

A: FBS can be a good option for beginners due to its low minimum deposit requirement, flexible leverage options, and educational resources. However, traders should always do their own research and due diligence before choosing a broker.

tickmill
Tickmill Review Summary in 10 Points
Founded 2014
Headquarters London, UK
Regulation FCA, CySEC, FSCA, LFSA
Market Instruments Forex, stock indices, stocks & ETFs, bonds, commdities, cryptos, futuires & options
Demo Account Available
Leverage 1:1-1:500
Spread frm 1.6 pips (Classic)
Trading Platforms MT4, MT5, Tickmill Mobile App
Minimum deposit $/€/£/R100
Customer Support Live chat, phone, email, social media, FAQ

What is Tickmill?

Tickmill, the trading name of Tickmill Group of companies, is a regulated global forex and CFD brokerage company established in 2014, headquartered in London, UK. Tickmill offers trading in forex, stock indices, stocks & ETFs, bonds, commdities, cryptos, futuires & options, and provides clients with a choice of three trading accounts, which are the Classic account, the Pro account, and the VIP account. Tickmill also offers MetaTrader4/5 and proprietry mobile app platforms for trading, as well as a range of trading tools and educational resources.

Tickmill's home page

What Type of Broker is Tickmill?

Tickmill operates as a no dealing desk (NDD) broker. This means that the broker doesn't take the other side of clients' trades but instead passes them on to liquidity providers. Tickmill offers both retail and institutional trading services and provides access to a wide range of financial instruments. They also offer various trading platforms and account types to suit different trading styles and needs.

Pros & Cons

Pros Cons
• Regulated by multiple reputable authorities • Regional restrictions
• Tight spreads and low commissions • No 24/7 customer support
• Wide range of trading platforms
• Access to a variety of markets
• Negative balance protection
• Multiple account types to suit different traders
• Rich educational resources

Tickmill is a reputable and reliable broker that offers competitive trading conditions and a wide range of trading instruments. Its low spreads and fees, multiple account types, various trading platforms and rich tarding tools and educational resources are attractive to traders of all levels.

However, Tickmill is not available in all countries, and their customer support operates within specific working hours. It's important for potential users to verify these details ahead of registration.

Nonetheless, its overall transparency, security, and quality of service make it a popular choice among traders worldwide.

Is Tickmill Safe?

Tickmill is a regulated broker that holds licenses from respected financial authorities, including Financial Conduct Authority (FCA, No. 717270), Cyprus Securities and Exchange Commission (CYSEC, No. 278/15), Financial Sector Conduct Authority (FSCA, No. 49464), and Labuan Financial Services Authority (LFSA, No. MB/18/0028).

This indicates that it complies with the required regulations and standards to provide financial services to their clients. Additionally, Tickmill has been in operation since 2014 and has gained a good reputation in the industry, which suggests that they are a legitimate broker.

regulated FCA license
regulated CYSEC license
regulated FSCA license
regulated LFSA license

How are You Protected?

Tickmill uses segregated accounts to keep client funds separate from its operational funds, which provides an additional layer of protection in case of the company's insolvency.

Tickmill also uses advanced security protocols and encryption technology to protect clients' personal and financial information.

The company also offers negative balance protection, which ensures that clients cannot lose more than their account balance, and it has a compensation scheme in place that can provide additional protection to eligible clients in case of the company's insolvency.

More details can be found in the table below:

Protection Measure Detail
Regulation FCA, CySEC, FSCA, LFSA
Segregated Accounts Client funds are held in segregated accounts, separated from the company's operating funds
Negative Balance Protection Ensuring clients' accounts cannot go below zero
Investor Compensation Scheme Clients are covered by the Financial Services Compensation Scheme (FSCS) up to £85,000 per person in the event of the broker's insolvency
SSL Encryption Protecting clients' personal and financial information from unauthorized access
Two-Factor Authentication To add an extra layer of security to clients' accounts
Anti-Money Laundering Policy To prevent money laundering and other illegal activities
Privacy Policy Ensuring clients' personal information is kept confidential and used only for legitimate purposes

Note that this table is not exhaustive and there may be other protections or security measures in place at Tickmill.

Our Conclusion on Tickmill Reliability:

Based on the information available, Tickmill appears to be a reliable and trustworthy broker. It is regulated by reputable authorities, has been in operation for several years, and has received positive reviews from many customers.

However, as with any investment, there is always some level of risk involved, and it is important for traders to do their own research and carefully consider their options before investing.

Market Instruments

Tickmill is a comprehensive trading platform that offers 180+ financial instruments. Their offerings include over 60 forex currency pairs, more than 15 stock indices, 500+ stocks and ETFs, bonds, various commodities including precious metals and energies, cryptocurrencies, as well as futures and options such as S&P 500, DJIA, and NASDAQ. These options provide users with the flexibility to diversify their investment portfolio.

Market Instruments

Account Types

Tickmill offers its clients three account types designed to suit different trading styles and preferences.

Classic Account: The Classic Account is suitable for new traders who want to experience real trading conditions with a low deposit.

Pro Account: The Pro Account is designed for more experienced traders who require tighter spreads and lower trading costs.

VIP Account: The VIP Account is suitable for high net worth individuals and institutional traders who require premium trading conditions.

The minimum deposit requirement is $/€/£/R100 for Classic and Pro accounts. The minimum balance is $/€/£/R50,000 on the VIP account.

Account Types

All account types at Tickmill offer access to the same range of trading instruments. Additionally, all accounts can be opened as Islamic accounts, which are swap-free accounts for traders who follow Sharia law.

How to Open an Account?

Step 1: Register

Click on ‘Create account’. Enter your personal details and check your email for verification.

Click on Create account
Fill in the required personal information

Step 2: Upload Documents

Submit your Proof of Identity and Proof of Address to complete registration.

Step 3: Fund and Choose Platform

Open a trading account, deposit to your Tickmill wallet, transfer funds from your Tickmill wallet to your live trading account and download the trading platform of your choice to start trading.

Leverage

Tickmill offers flexible leverage ranging from 1:1 to 1:500, depending on the account type and the instrument traded. The maximum leverage available for forex trading is 1:500. For stock indices, commodities and bonds, the maximum leverage is 1:100. For cryptocurrencies, the maximum leverage is 1:200.

Forex 1:500
Stock indices 1:100
Commodities 1:100
Bonds 1:100
Cryptocurrecnies 1:200

It's important to note that higher leverage levels increase the potential profits but also increase the potential losses, so it's important to use leverage carefully and manage risk appropriately.

Spreads & Commissions

Tickmill offers different account types with different spread and commission structures. Specifically, clients on the Classic account have spread from 1.6 pips with no commission charged, the Pro account has spread from 0.0 pips with a commission of 2 per side per 100,000 traded, and the VIP account has spread from 0.0 pips with a commission of 1 per side per 100,000 traded.

Spread Commission
Classic Account From 1.6 pips 2 per side per 100,000 traded
Pro Account From 0.0 pips no commission
VIP Account From 0.0 pips 1 per side per 100,000 traded

Trading Platforms

Tickmill offers several trading platforms for its clients, including:

  • MetaTrader 4 (MT4): This is a popular trading platform among forex traders due to its advanced charting capabilities, numerous technical indicators, and ability to run automated trading strategies.

  • MetaTrader 5 (MT5): This is an upgraded version of MT4, offering additional features such as more timeframes, depth of market, and the ability to trade other instruments such as stocks and commodities.

MT4 vs MT5
  • Tickmill Mobile App: This is a proprietary platform developed by Tickmill, offering a user-friendly interface, advanced charting tools, and the ability to trade directly from charts.

Tickmill Mobile App

Overall, Tickmill's trading platforms are well-designed, user-friendly, and offer a range of advanced features suitable for both beginner and experienced traders.

Copy Trading

Tickmill offers copy trading features. This allows less experienced traders to copy the trades of more experienced traders, potentially increasing their chances of making profitable trades. It's a strategy often used by new traders or those looking to diversify their trading. You can copy top traders on Tickmill's website.

top traders

Deposits & Withdrawals

Another crucial factor while selecting a Forex broker is to see how to transfer money to or from your trading account. Obviously, regulated brokers adhere to best practices and are regulated by their authority in terms of money management.

Tickmill offers various deposit and withdrawal methods to its clients. The available methods may vary depending on the client's country of residence. Here are the most common methods:

Payment Options:

  • Bank wire transfer

  • Crypto payments

  • Credit/debit cards (Visa, Mastercard)

  • Skrill

  • Neteller

  • Sticpay

  • FasaPay

  • Union Pay

  • Web Money

Payment Options 1
Payment Options 2
Payment Options 3

Tickmill does not charge any fees for deposits or withdrawals. However, clients are advised to check with their payment providers for any transaction fees that may apply at their end. Most deposits are instant, while the typical withdrawal processing time is within 1 working day.

Minimum deposit requirement

As we have mentioned before, the minimum deposit with Tickmill is $/€/£/R100 for the Classic and Pro accounts, while the higher-grade VIP accounts will require more money of up to $/€/£/R50,000, as designed for traders with experience.

Tickmill minimum deposit vs other brokers

Tickmill Most other
Minimum Deposit $/€/£/R100 $/€/£100

Tickmill Money Withdrawal

To withdraw funds from your Tickmill account, you need to follow these steps:

Step 1: Log in to your Tickmill Client Area.

Step 2: Select the “Withdraw Funds” option under the “Deposit & Withdraw” tab.

Step 3: Choose the payment method you want to use for withdrawal.

Step 4: Enter the amount you wish to withdraw.

Step 5: Fill out any necessary information related to your selected payment method.

Step 6: Submit your withdrawal request.

Once your withdrawal request is approved, the funds will be transferred to your selected payment method.

Fees

Tickmill does not charge deposit and withdrawal fees, but fees may be incurred by the payment method used. Also, inactivity fees of $10 per month are charged on accounts that have been inactive for over six consecutive months.

Customer Service

Tickmill offers customer support services to its clients via various channels, including email, phone, live chat, and social media. The broker has a multilingual customer support team that provides assistance in several languages, including English, Spanish, Italian, Chinese, and more.

contact details
contact details
contact details
social media

Tickmill's customer service has received positive feedback from traders for its prompt and helpful responses. The broker also provides an extensive FAQ section on its website, which addresses various queries related to trading, accounts, and other services.

FAQs

Educational Resources

Tickmill is committed to providing a comprehensive education for traders at every level of experience. Their educational resources include webinars and seminars conducted by industry professionals, geared to enhance their clients' trading knowledge and skills. They offer extensive reading material such as eBooks, articles and infographics that cover a wide range of trading topics.

Tickmill also accommodates a detailed forex glossary for quick reference. They provide insights into market analysis both from a fundamental and technical perspective, offering daily market insights that help traders navigate the financial markets. This array of educational tools is designed to support traders in making informed trading decisions.

Conclusion

Overall, Tickmill is a good option for traders who are looking for a reliable and transparent broker with competitive trading conditions. Some of the advantages of Tickmill include its strong regulatory framework, low trading fees, a wide range of trading instruments, multiple trading platforms, and excellent customer support.

It is particularly suitable for experienced traders who are looking for a broker that provides access to a variety of markets and trading instruments, as well as competitive trading conditions. Additionally, Tickmill's demo account allows traders to test their strategies and trading skills before investing real money.

Frequently Asked Questions (FAQs)

Question 1: Is Tickmill regulated?
Answer 1: Yes. It is regulated by FCA, CySEC, FSCA, and LFSA.
Question 2: At Tickmill, are there any regional restrictions for traders?
Answer 2: Yes. The services of Tickmill and the information on this site are not directed at citizens/residents of the United States and are not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Question 3: Does Tickmill offer demo accounts?
Answer 3: Yes.
Question 4: Does Tickmill offer the industry-standard MT4 & MT5?
Answer 4: Yes. Both MT4 and MT5 are available.
Question 5: What is the minimum deposit for Tickmill?
Answer 5: The minimum initial deposit to open an account is $/€/£/R100.
Question 6: Is Tickmill a good broker for beginners?
Answer 6: Yes. It is a good choice for beginners because Tickmill is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. Also, it offers demo accounts that allow beginners to practice trading without risking any real money.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.

In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

Are the transaction costs and expenses of fbs, tickmill lower?

To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).

To get a comprehensive understanding of how cheap or expensive fbs and tickmill are, we first considered common fees for standard accounts. On fbs, the average spread for the EUR/USD currency pair is from 0.5 pips, while on tickmill the spread is --.

Which broker between fbs, tickmill is safer?

To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.

fbs is regulated by ASIC,CYSEC,FSC. tickmill is regulated by FCA,CYSEC,FSCA,LFSA.

Which broker between fbs, tickmill provides better trading platform?

When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.

fbs provides trading platform including Pro Account,Cent account,Standard account and trading variety including 36 Forex pairs, 8 metals, 3 energies, 11 indices, 127 stocks, 5 crypto pairs. tickmill provides trading platform including FUTURES ACCOUNT,PRO ACCOUNT,VIP ACCOUNT,CLASSIC ACCOUNT and trading variety including CME, NYMEX, COMEX, CBOT, EUREX.

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