Our trust rating takes into account a range of factors that influence a brokers reliability and reputation, These factors include how the broker is regulated, whether they use segregated bank accounts, their years in business, banking tiers, customer support offered, and much more.
Forex and CFDs trading provider Tickmill is a rising new broker that is quickly becoming more and more popular. Aside from currency pairs, you can trade indices, commodities, and metals. Founded in 2014 Tickmill is headquartered in Seychelles and regulated by FSA.
A small minimum deposit of $25 is required to open an account with the broker and you can trade on your phone or computer via the MetaTrader 4 platform. There are a number of ways to deposit or withdraw funds aside from the usual bank transfer and credit/debit card, including WebMoney, Neteller, UnionPay, Skrill, and FasaPay. Spreads are as low as 1.6 pips on classic accounts and 0.0 pips on ECN and VIP accounts.
Clients can trade with the smallest size of 1 micro lot and utilize up to 1:500 leverage on their positions. Their phone and live chat support will be happy to answer any questions their clients may have.
Forex, CFDs, Indices, commodities, metals
EU countries, Australia, USA
MetaTrader 4, MetaTrader 4 for PC & MAC, MetaTrader 4 for Android & iOS, Virtual Private Server (VPS)
Apple - Yes, Android - Yes
A virtual private server for automated trading is one of the features setting this broker apart from the rest in the industry. In this sense, using robots or expert advisors is fully permitted and for traders who want trading signals they provide this feature as well. All this is executed via an Electronic Communication Network (ECN) in the straight through processing mode providing direct market access to clients.
Opening contrary positions, known as hedging will not be a problem either and is fully allowed. And we know that everyone hates fees and commissions. With Tickmill, there aren’t any except 2 per lot & 1.6 per lot for ECN and VIP accounts respectively. On the other hand, ECN accounts have tighter spreads than the classic accounts, so this small commission will be hardly noticed.
However, potential Muslim traders will not be able to open a swap-free account as Tickmill doesn’t support this option. Also, traders looking to get some kind of bonus may not find this broker to be right for them as they don’t offer any bonuses.