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Tickmill Review

Tickmill Review

Updated : May 22, 2024

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Overall Rating

Min Deposit

135 SGD ($100)

Regulators

Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA

Trading Desk

MT4, MT5, Tickmill App

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Overview

 

Tickimill Review

 

According to our research, Tickmill was established in 2014 to revolutionize the forex brokerage industry by the brothers Mattus, Ingmar, and Illimar. Their unwavering commitment to honesty and safeguarding customer interests distinguished Tickmill from its rivals in no time.

The Seychelles were the starting point for the company’s revolutionary journey into CFD and forex trading, but Tickmill has since expanded across Africa and other regions.

For traders in Singapore seeking a dependable partner, Tickmill’s reputation as a safe broker hinges on its compliance with regulatory requirements.

Tickmill has grown substantially over the years, and it now has over 327,000 customers all across the globe.

Traders in Singapore find it appealing for a variety of reasons. Firstly, Tickmill provides a platform that is accessible to Singaporeans and delivers customer support that is specific to the local market.

This regional focus, Tickmill’s cheap minimum deposit, lack of inactivity fees, and multilingual teaching materials highlight the company’s dedication to welcoming and assisting traders of all experience levels.

Furthermore, traders of all skill and experience levels can choose an account that suits their needs with Tickmill’s Classic or Raw Account options.

The Raw Account’s advantageous features are especially well-known to traders, including leverage up to 1:1000 and spreads as low as 0.0 pips. Traders in Singapore are renowned for their fast-paced and aggressive trading, making these conditions all the more tempting.

Tickmill takes great pride in its training materials and trading tools, designed to equip Singaporean traders with the information and abilities necessary for successful trading.

It also offers attractive trading conditions. Learning and development options abound at Tickmill, with webinars, seminars, detailed manuals, and analytical tools.

Overall, traders in Singapore have access to a trustworthy, safe, and educational platform that helps them reach their trading goals because of Tickmill’s dedication to innovation and focus on customer demands in the face of changing financial markets.

 

 

 

What are some pros and cons of working with Tickmill as a Forex Broker? 

Tickmill is ideal for low-spread and commission trading using leverage up to 1:1000 while knowing your funds are secure. Some drawbacks are that Tickmill only offers two account types, has limited base currency options, and charges admin fees on Islamic Accounts.

 

Why is Tickmill one of Singapore’s top forex broker companies? 

Tickmill stands out from other brokers to Singaporeans because it offers powerful trading solutions, transparent fees, and a range of markets that can be traded.

At a Glance

🔍 Broker🥇 Tickmill
🔢Established Year2014
⌛Regulation and LicensesSeychelles FSA, FCA, CySEC, Labuan FSA, FSCA
4️⃣Ease of Use Rating4/5
🎁BonusesTrader of the Month, Tickmill’s NFP Machine, $30 Welcome Bonus, Trade More, Get More
⏰Support Hours24/5
📊Trading PlatformsMetaTrader 4, MetaTrader 5, Tickmill App
🗂️Account TypesClassic Account, Raw Account
💷Base CurrenciesUSD, EUR, GBP, PLN, ZAR
📝SpreadsFrom 0.0 pips on the Raw
📈Leverage1:1000
💶Currency Pairs62, major, minor, and exotic pairs
💵Minimum Deposit135 SGD ($100)
💴Inactivity FeeNone
🗣️Website LanguagesEnglish, Indonesian, Russian, Arabic, Italian, Thai, Vietnamese, German, Chinese (Simplified), Spanish, Polish, Korean, Malay, Portuguese
💸Fees and CommissionsSpreads from 0.0 pips, commissions from $3 per side, per lot on Raw
🤝Affiliate Program✅ Yes
❌Banned CountriesThe United States
➡️Scalping✅ Yes
👉Hedging✅ Yes
🛢️Trading InstrumentsForex, stocks, cryptocurrencies, stock indices, commodities, bonds
🚀Open an Account👉 Click Here

Regulation and Safety of Funds

 

Tickmill Safety and Security

 

Regulation in Singapore

Tickmill is not regulated by the Monetary Authority of Singapore (MAS). However, Tickmill’s global regulations are listed in the table below.

 

Global Regulations

🔍Registered Entity🌎Country of Registration✏️Registration Number🌟Regulatory Entity📊Tier🔢License Number/Ref
🥇Tickmill UK Ltd.United Kingdom09592225FCA171720
🥈Tickmill Europe LtdCyprus340249CySEC2278/15
🥉Tickmill South Africa (Pty) Ltd.South Africa2017/531268/07FSCA2FSP 49464
🏅Tickmill Ltd.SeychellesN/AFSA3SD008
🎖️Tickmill Asia Ltd.LabuanN/ALFSA3MB/18/0028
🏆Tickmill UK Ltd.DubaiN/ADFSA2F007663

 

Protection of Client Funds

🔍Security Measureℹ️ Information
🗂️Segregated Accounts✅ Yes
👤Compensation Fund Member✅ Yes, FSCS and ICF
💵Compensation AmountFSCS – £85,000
ICF – 20,000 EUR
🎓SSL CertificateNone
2️⃣2FA (Where Applicable)None
⛔Privacy Policy in Place✅ Yes
⚠️Risk Warning Provided✅ Yes
❌Negative Balance Protection✅ Yes
🛑Guaranteed Stop-Loss OrdersNone

 

Is Tickmill regulated by Singapore’s Monetary Authority (MAS)?

No. Tickmill’s primary entities are regulated internationally. However, Tickmill has a representative office in Malaysia and the broker is overseen by the Dubai Financial Services Authority (DFSA), among others.

 

Can I get a full breakdown of Tickmill’s risk management methods for Singapore clients?

Yes. Tickmill’s website contains information about its risk management strategies, including efforts to limit market risks and protect customer assets.

Awards and Recognition

 

Tickmill Awards and Recognition

 

Our inquiry into the recent accomplishments of Tickmill unveiled a succession of noteworthy accolades within the foreign exchange sector. The following are the wards that Tickmill has recently received:

 

✅Tickmill received the prestigious “#1 Broker for Commissions and Fees” designation in the 2024 ForexBrokers.com Annual Forex Broker Review, reaffirming its position from the prior year.

✅The Global Forex Awards in 2023 bestowed the “Best Customer Service” and “Best Trading Experience” accolades in recognition of Tickmill’s exceptional client service.

✅The Finance Magnates Africa Summit in 2023 bestowed the “Best Partner Program Africa” award upon Tickmill in recognition of its strategic partnerships in the African continent.

✅The broker received the esteemed “Best Forex Spreads MEA” award from the Ultimate Fintech Awards MEA in 2023 in recognition of its competitive advantage in the market.

✅The “Best Forex Broker Middle East” accolade was awarded to Tickmill at the 2023 Forex Expo in Dubai to acknowledge its notable standing within the regional market.

✅In 2023, the QualeBroker Awards gave the “Best Forex Broker” award to Tickmill in recognition of its outstanding brokerage services, thereby fortifying its standing within the trading community.

Account Types

🔍Live Account💵Minimum Deposit🚀Open an Account📈Platforms⬆️Leverage
🥇Raw Account135 SGD👉 Click HereAllForex: 1:1000
Indices: 1:100
Commodities: 1:100
Bonds: 1:100
Crypto: 1:200
Stocks: 1:20
🥈Classic Account135 SGD👉 Click HereAllForex: 1:1000
Indices: 1:100
Commodities: 1:100
Bonds: 1:100
Crypto: 1:200
Stocks: 1:20

 

Classic Account 

 

Tickmill Classic Account

 

Tickmill’s Classic Account is a compelling choice for Singaporean traders who want to participate in forex and CFD trading.

According to our evaluation of this account type (using the demo option), this account type prioritizes accessibility and simplicity to cater to novice and occasional traders.

With spreads as low as 1.6 pip and no fees, the Classic Account makes it easier to enter the financial markets without worrying about complicated fee schedules.

One notable aspect is the 135 SGD minimum deposit requirement, which we think is reasonable and ideal for novice traders or those with limited capital.

The account seamlessly integrates with all of Tickmill’s trading platforms and allows trading on all markets, offering a wide range of assets from commodities to forex.

Because of this inclusion, Singaporean traders can use various trading techniques, such as swing and position trading.

 

Raw Plus Account 

 

Tickmill Raw Account

 

With reasonable spreads and an open fee structure, the Tickmill Raw Plus Account is designed for the discerning Singaporean trader who wants to optimize trading efficiency.

Professional traders and those using high-volume, scalping, or algorithmic trading tactics find this account type particularly appealing since it offers spreads as low as 0.0 pips and a $3 commission per side per standard lot.

Our research demonstrates the Raw Plus Account’s dedication to giving elements that support high-performance trading, such as access to all trading platforms and all of Tickmill’s market offers.

The account is attractive to traders who use automated trading systems since it supports expert advisers. Overall, Tickmill’s Raw Plus Account demonstrates the broker’s commitment to providing professional traders in Singapore with the accuracy, speed, and cost-effectiveness they need.

 

Demo Account 

 

Tickmill Demo Account

 

In our experience with forex and CFD trading, Tickmill’s Demo Account is a crucial tool for Singaporean traders, providing a practical learning experience without financial risk.

Tickmill’s demo account replicates the live market environment and offers virtual funds that can be used instead of Singaporeans depositing real capital. 

Another benefit that we noticed with Tickmill’s demo account is that it is unlimited, allowing for continuous practice and strategy testing.

The Demo Account supports all trading platforms, ensuring familiarity with tools and functionalities encountered in live trading. It gives Singaporeans an immersive trading environment to practice and build their skills.

 

Islamic Account 

 

Tickmill Islamic Account

 

The Tickmill Islamic Account is a trading solution that complies with Sharia law and is designed especially for Muslim traders in Singapore.

We carefully reviewed the features of this account using multiple resources. We found that the standard features on Tickmill’s Raw and Classic Accounts are modified to comply with Islamic financing regulations.

While the trading conditions remain the same, overnight fees are removed, and a set charge is imposed instead, guaranteeing adherence to Sharia laws that prohibit interest accumulation.

Furthermore, Tickmill does not limit Muslim traders’ access to financial markets, ensuring that traders can still diversify their portfolios across markets.

Because Tickmill ensures inclusion, Muslim traders in Singapore can practice their faith without compromising their trading preferences or prospects.

 

What account types does Tickmill offer? 

Tickmill has two basic account types: Raw Accounts and Classic Accounts. These accounts offer flexible trading conditions that suit various traders.

 

Does Tickmill offer a Cent Account? 

No, Tickmill does not currently offer a Cent Account. These accounts offer smaller position sizes and the benefit that trades are in cents, lowering trading risks substantially.

How To Open an Account Step-by-Step

 

Step 1: Go to the official website and click on the “Create Account” Banner

 

Tickmill Open Account Step 1

 

Step 2: Register which Account you would like to open

Include your full name, date of birth, and current address on the registration form. Ensure the information you submit is accurate since it will be validated in the next few steps.

Next, confirm your home address and identification by uploading a recent utility bill or bank statement and clear scans or photos of your identity papers (driver’s license, passport, etc.).

 

Tickmill Open Account Step 2

 

Step 3: Wait for Confirmation from Tickmill

More paperwork might be required by Tickmill when you register for some accounts, depending on your region and the type of account you’re applying for – like proof of religion when you request a swap-free account. To keep the account approval process moving forward without any delays, be ready to provide these documents or information quickly.

 

What is the first step in opening a Tickmill account? 

To begin registration, go to the Tickmill website and select the “Create Account” option.

 

How long does it take to open a Tickmill account? 

The account registration procedure usually takes a few minutes to complete. However, account approval can take a few business days.

Tickmill vs XTB vs RoboForex – Broker Comparison

🔍Broker🥇Tickmill🥈XTB🥉RoboForex
⌛RegulationSeychelles FSA, FCA, CySEC, Labuan FSA, FSCA, DFSAFCA, ACPR, BaFin, DFSA, KNP, FSCA, CySEC, IFSCIFSC
📊Trading PlatformMetaTrader 4
MetaTrader 5
Tickmill App
xStation 5
xStation Mobile
MetaTrader 5
MetaTrader 5
cTrader
R StocksTrader
RoboForex Terminal
CopyFX App
💴Withdrawal FeeNone✅ Yes, <$50 withdrawals✅ Yes
🗂️Demo Account✅ Yes✅ Yes✅ Yes
💵Min Deposit135 SGD ($100)0 SGD ($0)14 SGD ($10)
⬆️Leverage1:10001:5001:2000
📝SpreadVariable, from 0.0 pipsFrom 0.5 pips0.0 pips
💷Commissions$1 per side per 100,000 tradedNone on most instruments$3 to $4
🛑Margin Call/Stop-Out100%/30%100%/50%S/O: 100% – 10%
🧑‍⚖️Order ExecutionMarketMarketMarket
❌No-Deposit Bonus✅ YesNone✅ Yes
💰Cent AccountsNoneNoneNone
🗂️Account TypesRaw Account
Classic Account
Standard Account
Swap-Free Account
Prime Account
ECN Account
R StocksTrader Account
ProCent Account
Pro Account
🌟MAS RegulationNoneNoneNone
💶SGD DepositsNoneNone✅ Yes
👉SGD AccountNoneNoneNone
🕰️Customer Service Hours24/524/524/7
📌Retail Investor Accounts225
☪️Islamic Account✅ Yes✅ Yes✅ Yes
⬇️Minimum Trade Size0.01 lots0.01 lots0.01 lots
⬆️Maximum Trade Size100 lotsNot indicated10,000 (Cent)
⏰Minimum Withdrawal Time1 Business Day1 Working DayUp to 24 hours
⏱️Maximum Estimated Withdrawal Time2 to 7 Business Days7 Working DaysUp to 3 working days
✔️Instant Deposits and Instant Withdrawals?Instant DepositsNoneYes, Skrill and Neteller
🚀Open an Account👉 Click Here👉 Click Here👉 Click Here

Trading Platforms and Software

 

Tickmill Trading Platforms

 

This broker offers Singaporean Traders the following Trading Platforms:

 

➡️MetaTrader 4

➡️MetaTrader 5

➡️Android and iOS App

 

MetaTrader 4 

 

Tickmill MetaTrader 4

 

We started our investigation of Tickmill’s platform offerings with the popular and highly regarded MetaTrader 4 (MT4). Our research shows that MT4 is an adaptable platform that works well with Tickmill’s trading environment.

Thanks to Tickmill’s cheap spreads and intuitive UI, we had a breeze trading with them. The seamless integration of Tickmill with MT4’s analytical tools was a major benefit, enabling us to do technical analysis and trades with little delay.

Notable as well were the platform’s personalization choices. Using Tickmill, we could tailor the MetaTrader 4 platform to our trading style by adjusting the various indicators and charting tools.

Regardless of their level of experience, MT4 remains popular among Singaporean traders due to the platform’s reliability and smooth integration with Tickmill’s services.

 

MetaTrader 5 

 

Tickmill MetaTrader 5

 

Next, we moved on to MetaTrader 5 (MT5), a platform that improves upon MT4’s qualities while providing more advanced features and options.

Our testing (using a demo account) showed that Singaporean traders have more options when they use MT5 in line with Tickmill’s trading environment, which gives access to more trading products, including futures and equities.

The combination of Tickmill’s transparent pricing with the depth of market feature was impressive; it allowed us to see the market’s liquidity and price dynamics. We also performed more in-depth market analysis with MT5’s sophisticated charting tools.

 

Android and iOS App 

 

 

Tickmill Mobile App

 

Lastly, we evaluated the Tickmill App. Firstly, we cannot praise Tickmill enough for how user-friendly this app is.

We were satisfied by the Tickmill Mobile App’s efficiency and ease of use as a platform for managing transactions and keeping tabs on markets from anywhere in the world.

Even complicated trading operations can be easily carried out because of its features. With the smooth integration with Tickmill’s account management tools, users can access financial markets and trading accounts in real-time.

We were pleased with the app’s response speeds and range of features, which allowed us to easily monitor open positions, analyze charts, and execute trades.

Tickmill has clearly put a premium on ensuring their mobile platform is up to par for modern mobile traders; they provide a powerful trading tool that fits Singaporeans who want flexibility and efficiency.

 

Does Tickmill offer any additional trading tools? 

Tickmill provides various trading tools, including expert advisors (EAs), indicators, and technical analysis materials, to help traders improve their tactics.

 

Does Tickmill offer any custom trading platforms? 

No, Tickmill offers access to the well-regarded MetaTrader platforms and its proprietary app for the best trading experience.

Range of Markets

 

Tickmill which markets can you trade with

 

Tickmill offers Singaporean Traders the following Trading Insturments:

 

✅Crypto CFDs – The eight cryptocurrency CFDs offered by Tickmill give traders in Singapore a chance to participate in the exciting but risky digital currency markets.

✅Bonds – Tickmill’s four bond instruments offer traders access to government debt assets, considered less risky than equities. They provide a regular income flow and diversified portfolios that are easier to maintain, making them ideal for those seeking easy money management.

✅Metals and Energies – Tickmill offers a variety of precious metals and energy contracts, allowing traders to protect themselves from inflation, currency depreciation, and economic and geopolitical uncertainty by purchasing one of three energy futures or one of four metals.

✅Index CFDs (Stock Indices) – Tickmill provides Singaporean traders with over 20 index CFDs, allowing them to speculate on global stock market performance without owning the underlying equities, making this instrument ideal for diversifying trading strategies and gaining exposure to large markets.

✅Share CFDs – Tickmill offers share CFDs alongside forex and other CFDs, allowing investors to profit from the success of globally recognized companies without owning a share in their stock. This method of trading allows investors to diversify their portfolios.

 

Which trading instruments are accessible on Tickmill? 

Tickmill allows users to trade forex, stocks, cryptocurrencies, stock indexes, commodities, and bonds.

 

Are there any limits on trading hours for Tickmill instruments? 

No, there are no limits. Tickmill provides 24/5 trading for most instruments, with certain exclusions for specialized markets and holidays. Cryptocurrency trading can be done 24/7 across platforms and coins.

10 Best Forex Brokers in Singapore for 2024

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

4.4/5

User Score

#2

4.7/5

User Score

#3

4.5/5

User Score

#4

4.4/5

User Score

#5

4.7/5

User Score

#6

4.6/5

User Score

#7

4.7/5

User Score

#8

4.8/5

User Score

#9

4.8/5

User Score

#10

4.7/5

User Score

Fees, Spreads and Commissions

 

Tickmill Fees, Spreads, and Commissions

 

Spreads 

Spread options from Tickmill are competitive and appealing to forex traders. Spreads for popular pairs like EUR/USD start at 0.0 pips on their Raw Account, which is attractive to high-frequency traders and scalpers.

Conversely, spreads on the same pairs start from 1.6 pips on the Classic Account, ideal for casual traders.

Another benefit we found with Tickmill’s accounts is that Singaporeans can easily tailor their account conditions to their trading volume and strategy because of these two versatile accounts.

 

Commissions 

Tickmill’s commissions are transparent and competitive, especially with the Raw Account. Singaporeans using this account can expect commission fees of $3 per side for each lot.

We consider this structure competitive given the low-spread environment. The Raw Account’s commission model can be cost-effective for traders dealing in large volumes, allowing them to profit from tight spreads without incurring substantial trading fees.

 

Overnight Fees 

Tickmill’s overnight rates vary depending on the instrument and position type. While trading forex pairs, we discovered that these costs were comparable to the industry norm, making overnight positions doable without severe capital erosion.

Furthermore, to boost inclusivity, Tickmill provides Sharia-compliant swap-free accounts to traders who follow Sharia law.

 

Deposit and Withdrawal Fees 

One significant advantage of trading with Tickmill is the lack of deposit and withdrawal fees across many payment methods. However, while Tickmill does not charge anything for processing deposits or withdrawals, third-party costs could apply depending on the method used.

 

Inactivity Fees 

Tickmill does not charge inactivity fees, giving traders piece of mind when taking pauses or implementing long-term strategies. We also found that this policy enables a more planned and intelligent trading strategy.

 

Currency Conversion Fees 

Tickmill’s accounts are denominated in major currencies like USD, EUR, GBP, PLN, and ZAR. This means that SGD deposits and withdrawals face currency conversion fees.

 

What are the typical spreads on major currency pairings at Tickmill? 

According to market circumstances and account type, Tickmill provides cheap spreads on key currency pairings as low as 0.0 pips.

 

Are there any commissions for Tickmill trades? 

Yes, Tickmill charges a $3 commission fee on transactions performed on the Raw Account, whereas the Classic Account uses a spread-only pricing mechanism with no commissions.

Deposit & Withdrawal Options

💳Payment Method🌎Country💵Currencies Accepted⏰Processing Time
🏦Bank TransferAllUSD, EUR, GBP, ZAR1 – 7 days
💰Crypto PaymentsAllEUR, USD, GBPInstant – 1 day
💳Credit/Debit CardAllUSD, EUR, GBPInstant – 1 day
➡️SkrillAllUSD, EUR, GBPInstant – 1 day
📌NetellerAllUSD, EUR, GBPInstant – 1 day
✏️SticPayAllUSD, EUR, GBPInstant – 1 day
🛎️FasaPayAllUSD, IDRInstant – 1 day
📍China UnionPayAllCNYInstant – 1 day
✳️WebMoneyAllUSD, EURInstant – 1 day

 

Deposits

 

Bank Wire 

✅Use the credentials you created when registering for Tickmill to access the Client Area.

✅Select “Bank Wire” under “Deposit” in the menu.

✅Select your deposit currency. If SGD is unavailable, your funds will be converted to one of the accessible currencies, such as EUR, USD, GBP, PLN, or ZAR.

✅After that, Tickmill will provide you with their banking information to record all the details accurately.

✅Proceed with the wire transfer by contacting your bank using the Tickmill bank information provided. To ensure the deposit can be linked to your account, include any reference numbers Tickmill gave.

✅The time it takes for the money to show up in your trading account after you start the bank transfer could range from one day to seven days.

 

Credit or Debit Card

✅Log in to your Tickmill account.

✅To use a credit or debit card, go to the “Deposit” menu and make the selection.

✅If it’s an option, choose Singapore Dollars as your payment currency. Remember that if you don’t have the exact currency, any SGD deposits will be converted to one of the other account currencies.

✅You must provide the CVV code when using a credit card and the number and expiration date.

✅Next, indicate the desired deposit amount.

✅Verify the Deposit and follow your bank’s instructions carefully if they ask you to do any further verification.

 

Cryptocurrency 

✅Log in to the Tickmill Client Area.

✅Select the cryptocurrency option you’d want to use for the deposit in the “Deposit” section.

✅Tickmill will provide a unique wallet address to facilitate the transfer of cryptocurrencies. Ensure you have copied this address accurately.

✅Send your crypto deposit to the Tickmill wallet address that was supplied.

✅Although it could take up to a day, most crypto deposits are handled within a few hours.

 

e-Wallets or Payment Gateways 

✅Access your Tickmill Client Area by logging in.

✅Choose “Deposit” and then the online payment method you like.

✅Make sure to select SGD as the currency for the transaction if it is available. If not, funds will be converted automatically.

✅By following the on-screen instructions, you can confirm the amount you want to put into your e-wallet.

✅Finish the deposit process by authorizing it as instructed by your e-wallet provider. It usually takes a day or less for an electronic wallet to complete a deposit.

 

Tickmill Deposits and Withdrawals

 

Withdrawals 

 

Bank Wire 

✅Go to the Tickmill Client Area and log in.

✅Select “Bank Wire” as your withdrawal option under “Withdraw” in the menu.

✅Enter your bank information precisely, including your account’s name, number, and address. Select SGD as the withdrawal currency; otherwise, conversion fees will be applied.

✅Complete the withdrawal form and wait for Tickmill to process the transaction.

 

Credit or Debit Cards 

✅Log in to the Tickmill Client Area.

✅Select “Credit/Debit Card” under the “Withdraw” tab.

✅Verify the information you entered for the card you used to make a deposit.

✅Submit your request once you’ve specified the amount you want to withdraw. Remember that Tickmill strives to process withdrawals quickly, but the processing time could differ.

 

Cryptocurrency 

✅Access your Tickmill Client Area by logging in using your credentials.

✅Select the cryptocurrency selection after choosing “Withdraw.”

✅Just type in the address of your digital wallet.

✅Verify the amount you wish to withdraw and then send in your request.

 

e-Wallets or Payment Gateways 

✅Access your Tickmill Client Area by signing in.

✅Select your desired online payment method under “Withdraw” in the menu.

✅Type in your e-wallet info and the amount you want to take out.

✅Verify the request to withdraw funds.

 

Can I withdraw funds from my Tickmill account at any time? 

Yes, traders can withdraw funds at any moment from their Tickmill account.

 

Does Tickmill impose any withdrawal fees? 

Tickmill does not impose fees for withdrawals. However, Singaporeans could face currency conversion fees and third-party processing fees.

Leverage and Margin 

 

Tickmill Review Leverage and Margin

 

According to the client agreement and account features, Tickmill offers forex trading services in Singapore with leverage of up to 1:1000, allowing traders to control larger positions with minimal capital.

The broker adjusts its margin requirements based on the leverage provided, ensuring traders can maximize their trading opportunities while protecting them from over-leveraging risks.

Tickmill uses a tiered margin system that adjusts as the size of the position grows, shielding Singaporeans from sudden market swings and preserving capital by preventing excessive exposure.

In our experience, this flexibility in leverage and protective margin requirements create a balanced trading atmosphere for traders in Singapore, operating in a complex and rapidly changing market environment.

Furthermore, Tickmill’s transparent communication about leverage and margin policies provides traders with the necessary information to make informed decisions, reflecting their commitment to transparency and client education.

 

Can I change the leverage in my Tickmill account? 

Yes, traders can change their leverage levels within the guidelines by contacting Tickmill’s support staff.

 

How does leverage influence my trading at Tickmill? 

Higher leverage increases potential gains and losses, so traders must utilize leverage wisely and manage risk properly.

Educational Resources

 

Tickmill Education and Research

 

We identified the following educational tools and resources on the official Tickmill website.

 

➡️Webinars

➡️Seminars

➡️Infographics

➡️Educational Articles

➡️Video Tutorials

➡️Fundamental and Technical Analysis

➡️Market Insights and eBooks

➡️Markets Analysis on Reddit

 

Webinars 

Tickmill offers live, interactive webinars on trading concepts, advanced tactics, and market analysis for Singaporean traders. These sessions allow real-time interaction with seasoned experts, clarifying complex ideas.

The content is contextualized with a global trading environment, including market hours and regional economic events, providing valuable insights for traders.

 

Seminars 

Tickmill hosts seminars worldwide, including in Singapore, to connect people and industry professionals, creating a community for learning.

These in-person gatherings aim to appeal to the local trading community and provide relevant tactics for the Singaporean market. The seminars typically cover practical trading techniques and market insights.

 

Infographics 

Tickmill’s infographics are valuable for traders seeking visual explanations of trading ideas and market data. These visually appealing resources provide easy access to crucial information on trading tactics, market trends, and economic indicators in Singapore.

 

Educational Articles 

Tickmill offers comprehensive educational materials for beginners and experts in Singapore, covering all bases and adding local trading-specific examples and insights.

 

Video Tutorials 

Tickmill’s video courses are highly engaging for Singaporean traders, as they allow them to study at their own pace and replay sections as often as they like, making trading platforms, tools, and tactics more accessible.

 

Fundamental and Technical Analysis 

Tickmill caters to Singaporean traders’ analytical needs by offering fundamental and technical analysis resources, enabling them to identify trading opportunities in their preferred markets and providing insights into global economic events.

 

Market Insights and eBooks 

Tickmill’s market insights offer Singaporean traders valuable information on market currents and futures, enabling informed trading decisions based on global market analysis.

Furthermore, Tickmill’s eBooks and Forex Glossary are valuable resources for Singaporean traders, offering organized learning materials and explanations of common trading terminology.

 

Market Analysis on Reddit 

Participating in market research discussions on platforms like Reddit can enhance traders’ strategies by providing user-generated insights that supplement Tickmill’s instructional materials and offer diverse viewpoints.

 

Can I get Tickmill’s educational resources for free? 

Yes, Tickmill offers registered traders free access to its educational materials, boosting their learning experience without incurring additional expenditures.

 

Are there any interactive learning tools accessible on the Tickmill platform? 

Yes, Tickmill often provides interactive quizzes, trading simulations, and other learning resources to engage traders and reinforce learning objectives.

Bonuses and Promotions

 

Tickmill Bonuses and Promotions

 

Our analysis of Tickmill’s Singaporean bonus packages revealed that the company has cleverly designed a bonus system to meet the demands of Singaporean traders.

Firstly, with Tickmill’s $30 Welcome Account, even the most inexperienced traders can test the waters. Without putting down any initial capital, novices can feel the rush of trading with actual funds in the form of trading credit.

Next, we found that the “Trade More, Get More” program at Tickmill is a clever incentive that gives rebates of up to $0.75 a lot to traders who trade frequently.

This program aims to increase the frequency and volume of trades. This well-planned approach helps traders in Singapore get the most out of their transactions, which benefits the trading community overall.

Traders in Singapore have something extra to look forward to, thanks to Tickmill’s NFP Machine competition. What was the challenge here? Looking ahead to how the market will respond to announcements on Non-Farm Payroll statistics.

With the bonus of competing for large financial rewards, this competition makes trading more interesting and motivates traders to pay attention to important economic indicators.

Another notable feature we found is the “Trader of The Month” program, which gives $1,000 monthly to a trader with great risk management and trading expertise.

 

Are Tickmill incentives restricted by trading volume or time in Singapore?

Yes, bonuses often include specified restrictions and conditions, such as trading volume or time limits, per MAS laws.

 

How do I withdraw bonus funds received from Tickmill promos in Singapore?

Bonus funds are often available for withdrawal after reaching specific trading volume requirements. We urge Singaporean traders to check the bonus terms for further information.

Affiliate Programs

 

Tickmill Affiliate Program Features

 

Features

The affiliate program of Tickmill shines as a sophisticated opportunity for individuals keen to point new traders in the direction of a trustworthy broker while taking advantage of limitless commissions in Singapore’s dynamic financial scene.

We have thoroughly reviewed the program, highlighting its appeal in the Singaporean market, where affiliates and traders maintain high standards for trading terms.

Tickmill satisfies these needs via competitive spreads, lightning-fast order execution, and flexible leverage depending on the client’s selected Tickmill group entity.

We were pleased to find that Tickmill reacts to the critical need for fund protection in Singapore’s financial environment by separating customer funds in reliable banks.

Furthermore, Tickmill’s multi-regulated status and fund segregation strategies enhance the broker’s reliability and fit with Singaporean traders’ need for a safe and legal trading environment.

Reliable payment systems, sophisticated performance monitoring, and individualized support from committed Affiliate Managers are just a few of the many tools Tickmill offers its Singaporean affiliates.

We also found that the conversion rates are increased by the marketing tools offered, and the free trading tools and instructional materials available to customers help create an informed trading community.

With just a short online application, referral links to draw traders, and the guarantee of frequent compensation for every eligible trader, becoming an affiliate with Tickmill is a smooth and easy process.

How to Register an Affiliate Account Step-by-Step

 

Step 1: Go to the home page and select “Affiliate Program”

Drag your cursor over the “Partnerships” category, and select “Affiliate Program (CPA)”

 

Tickmill Affiliate Account Step 1

 

Step 2: Complete the online Application Form

Carefully complete the online application form, including updated and valid information. Also, remember to set Singapore as your country of residence to comply with the requirements and laws that apply to Singaporean affiliates.

 

Tickmill Affiliate Account Step 2

 

Step 3: Wait for Confirmation from Tickmill

To start your affiliate activities in Singapore, click the verification link in the email to activate your affiliate account.

Access the affiliate dashboard to learn about and use the many resources and marketing tools that Tickmill offers. These tools are essential for helping you with your referral efforts in the Singapore market.

Next, use your unique referral link as much as you can to drive visitors to Tickmill. By using your network, you can easily profit from CPA payments for each eligible Singaporean trader you successfully refer.

 

Can I market Tickmill to clients outside of Singapore as a Singapore-based affiliate?

Yes, you can market Tickmill internationally as an affiliate, but you must comply with local rules in your target locations.

 

Can I become a Tickmill affiliate if I am already a client in Singapore?

Yes, existing Tickmill clients in Singapore can become affiliates and refer new customers to earn commissions.

Customer Support

🫴🏻Customer Support🌟Tickmill Customer Support
🕰️Operating Hours24/5
👥Support LanguagesEnglish, Malay, Polish, Indonesian, Arabic, Thai, Chinese, Vietnamese, Portuguese
🗣️Live Chat✅ Yes
💻Email Address✅ Yes
☎️Telephonic Support✅ Yes
3️⃣The overall quality of Tickmill Support3/5
🚀Open an Account👉 Click Here

 

Response Time

🫴🏻Support Channel⏰Average Response Time⏱️User-based Response Time
☎️Phone5 minutes2 – 6 minutes
💻EmailSame-daySame-day
🗣️Live ChatInstant2 – 3 minutes
📱Social Media10 minutes7 – 9 minutes
🤝Affiliate1 working day1 working day

 

Is there any Singapore-specific information or resources on the Tickmill website?

Tickmill offers specialized resources for Singapore traders, including market research and instructional materials in English and Malay, among other languages.

 

How do I access Tickmill’s live chat support as a Singaporean client?

You can use Tickmill’s live chat function directly from their website or client portal. It is available throughout their support hours (which align with forex market hours).

Social Responsibility

 

Tickmill Social Responsibility

 

As reviewers of Tickmill’s CSR initiatives, we’ve looked at the company’s commitment to advancing society while expanding its operations.

Going through their CSR section (under the “About Us” page) reveals a solid strategy that highlights their dedication to improving society.

Their humanitarian endeavors, including the Mexican “Keeping Kids in School” program, show how well they recognize the transforming potential of education and how essential it is to end the cycle of poverty.

We’ve seen first-hand that Tickmill has a corporate culture that is sensitive to the needs of the communities it serves, as seen by its partnerships with groups like “Funraising” in Cyprus and “Off Road Kids” in Germany.

Tickmill also exhibits a progressive attitude by actively participating in environmental initiatives and recognizing the value of sustainable business operations.

Beyond only reducing their personal impact, their dedication to environmental projects is based on setting an example and motivating other companies to make significant contributions to environmental preservation.

Furthermore, through alliances with esteemed universities such as the University of Cyprus, Tickmill makes a calculated investment in developing the next generation of intellectual potential while giving students useful industry expertise and real-world experience.

In our opinion, Tickmill’s CSR initiatives show a comprehensive strategy in which social responsibility and environmental care coexist with commercial success.

User Comments and Reviews

 

Tickmill Review User Comments

 

According to trusted review websites, Tickmill has an overall rating of 3.6 out of 5. On these websites, hundreds of traders have expressed their thoughts on their experience with Tickmill. Here are our top 3 from March 2024:

 

🥇“As far as brokers go, Tickmill is up there with the best of them. It provides all the necessities and easily available assistance, even if perfection isn’t achievable. Having someone truly willing to help is more important than having a faster response.”

 

🥈“The best trading conditions I’ve ever seen are with Tickmill. Its attractiveness for scalping stems from its speed of execution. Wow, you’re really killing it!”

 

🥉“From what I’ve seen, Tickmill is the best Forex broker. None of the others I’ve tried have come close to matching its quality. Customer support is lightning-fast, and depositing or withdrawing is a breeze. I have first-hand knowledge of Tickmill from working with it for five to ten years.”

In Conclusion

 

Tickmill enjoys extensive industry acclaim and is supported by stringent regulatory standards established by numerous international authorities.

Nevertheless, we must specify that Tickmill is not subject to the explicit oversight of the Monetary Authority of Singapore (MAS).

Although this may cause concern among individuals who prefer domestic regulation, Tickmill’s commitment to upholding global standards guarantees a secure trading atmosphere, placing traders’ funds and interests first.

 

Our Insight

In my opinion, Tickmill is a good option for Indonesian traders. Their competitive trading conditions are one of its strongest aspects. Furthermore, it offers an extensive selection of educational resources that cater to the needs of proficient and novice traders alike, assisting them in improving their trading methodologies

Our Recommendations 

 

While Tickmill’s offer is compelling for Singaporeans, our review highlights some areas where Tickmill could improve:

 

✅Tickmill can acquire regulations with the Monetary Authority of Singapore (MAS).

✅SGD should be added as a base currency option on retail accounts.

✅Tickmill can consider adding more account types, third-party tools and platforms, and local payment methods for Singaporean traders.

Pros & Cons 

✅ Pros❌ Cons
There are no internal deposit and withdrawal fees chargedTickmill only offers two retail account types
Singaporeans can use leverage of up to 1:1000 with TickmillCurrency conversion fees could apply to SGD deposits and withdrawals
Tickmill has multilingual customer support across various channelsTickmill does not support SGD as an account base currency
Singaporeans can use platforms like Instagram, Reddit, and Facebook for market analysis offered by Tickmill and its community of tradersTickmill is not locally regulated in Singapore

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Frequently Asked Questions

Yes, Tickmill is one of the industry’s best and most well-regulated forex brokers. Furthermore, Tickmill caters to Singaporean traders.

Tickmill is a trusted broker with a high trust score, making it a low-risk broker for Singaporeans.

Tickmill Group owns and operates the Tickmill website, with headquarters in London and several offices globally.

According to Tickmill, withdrawals take a few minutes and up to 24 hours for processing. However, once the withdrawal is processed, the funds could take a few days to return to your bank account.

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