Tickmill Philippines - Tickmill Broker Review 2024

Founded in 2014, Tickmill Philippines is a global broker that has served more than 150,000 clients and 350,000 registered accounts from over 200 countries. To cater to the needs of clients from various countries, their website is offered in 14 languages.

Tickmill Philippines is a member of the global Tickmill Group which owns several companies under different jurisdictions. The Tickmill Group is regulated by 5 prominent regulators: FCA of UK, CySEC of Cyprus, FSCA of South Africa, FSA of Seychelles, and FSA of Labuan Malaysia, which will make sure that this broker complies with the strict international standards.

To start trading with this broker, traders just need to open an account (Classic, Pro, or VIP) and deposit a minimum of 100 USD/EUR/GBP. After verifying their account, they can enjoy ultra-low spreads starting from 0 pip, leverage of 1:500, and low to no commissions with an average execution time of 0.20 seconds in MT4 and MT5 trading platforms. Traders can trade in more than 80 instruments, including Forex, stock indices and oil, metals, bonds, and cryptocurrencies. In addition, all strategies are accepted in all accounts.

Tickmill Philippines's dedication and commitment to their clients can also be seen from the number of awards they have received. Some of their latest awards include Best Trading Conditions 2021 from FxScouts Forex Awards 2021, Best Forex Customer Service (Global) from Global Forex Awards 2021, and Best Forex Trading Experience (Asia) from Global Forex Awards 2021.

Deposits and withdrawals at Tickmill Philippines can also be done easily and quickly with no processing fee from the broker. Traders can fund their account via bank transfers, bank cards, and e-wallets with different base currencies. The processing time for most payment methods is instant or within one working day.

Furthermore, newbie traders do not have to worry about their lack of knowledge or experience as Tickmill Philippines offers various resources that they can use, such as webinars, seminars, e-books, video tutorials, infographics, glossary, analysis, articles, market insights, and many more. To help traders in their trading, this broker also provides autochartist, copytrading, economic calendar, calculator, VPS, and other helpful tools.

To facilitate their clients, Tickmill Philippines has prepared a dedicated customer service team that is ready to help traders 24/5 via email and live chat in 16 languages. Traders can also contact them by phone during office hours. In addition, a comprehensive FAQ page can be accessed on their website so traders can find answers to their questions easily.

Account types offered by Tickmill Philippines

As an industry-acclaimed broker, Tickmill Philippines understands that different types of traders need different trading accounts. That is why this broker offers 3 account types to cater to their clients’ needs: Classic, Pro, and VIP.

All transactions are carried out in an ultra-fast NDD market execution with no requotes. All strategies are also allowed in all accounts, including hedging and scalping.

Classic

Minimum Deposit: $100
Leverage: 1:500
Minimum trade size: 0.01
Spread Type: Floating from 1.6 pip
Commission: No
Account Currency: USD, EUR, GBP, PLN

👉 Open Classic Account

Pro

Minimum Deposit: $100
Leverage: 1:500
Minimum trade size: 0.01
Spread Type: Floating from 0 pip
Commission: $4 \ lot
Account Currency: USD, EUR, GBP, PLN

👉 Open Pro Account

VIP

Minimum Deposit: $50000
Leverage: 1:500
Minimum trade size: 0.01
Spread Type: Floating from 0 pip
Commission: $2 \ lot
Account Currency: USD, EUR, GBP, PLN

👉 Open VIP Account

1. Classic Account

Tickmill Classic account is suitable for both novice and experienced traders. With a minimum deposit of 100 USD/EUR/GBP, traders can enjoy spreads as low as 1.6 pips and leverage as high as 1:500. There is no commission for this account type, and the minimum trading lot is 0.01. One thing you should remember is that the charts in this account only show the original market and spreads without mark up.

2. Pro Account

As the name suggests, the Tickmill Pro account is intended for more professional and advanced traders. It offers tight spreads starting from 0 pip with competitive commissions of 2 currency units per side per 100,000 traded. To use this account, traders should deposit at least 100 USD/EUR/GBP, then they can make use of the maximum leverage of 1:500 with a minimum lot of 0.01.

3. VIP Account

The third account type is most suitable for big traders since the minimum balance required is 50,000 currency units. Traders can trade using ultra-low spreads starting from 0 pip, leverage up to 1:500, minimum lots of 0.01, with low commissions of 1 currency unit per side per 100,000 traded. Tickmill VIP account is also available in USD, EUR, and GBP.

The last offered account is the Demo Forex account. With this account, traders can trade in more than 80 instruments across 5 asset classes using virtual money. They can try new strategies or practice their skills with no risk.

How to deposit and withdraw funds at Tickmill Philippines

To provide an excellent trading experience, Tickmill Philippines offers free and fast deposit and withdrawal methods. Traders can use bank transfers, bank cards, and electronic payments to fund their account without any commission from the broker.

Below is the list of available payment methods with their processing time:

Bank transfer (USD, EUR, GBP) à within 1 working day (deposit and withdrawal)
Bank card (VISA, Mastercard) (USD, EUR, GBP) à instant (deposit), within 1 working day (withdrawal)
Skrill, Neteller, SticPay (USD, EUR, GBP) à instant (deposit), within 1 working day (withdrawal)
WebMoney (USD, EUR) à instant (deposit), within 1 working day (withdrawal)
China Union Pay (CNY) à 1-2 hours (deposit), within 1 working day (withdrawal)

All payment methods have the same minimum deposit and withdrawal amount, which are 100 USD (or equivalent) and 25 USD (or equivalent) consecutively.

For a deposit of 5,000 USD or equivalent in one transaction, Tickmill Philippines will cover the fees up to 100 USD or equivalent. To get this compensation, traders need to send a copy of the payment statement or another proof of transaction to the support team. After the Tickmill team verifies it, the compensation will be transferred into your account within one calendar month after the deposit was completed.

Please also note that the withdrawal method must be the same as the deposit method and should be under the same name as the name registered in the trading account.

Is Tickmill Philippines reliable and safe?

One of the most important considerations in choosing a broker is its safety and reliability. Tickmill Philippines understands this and spares no effort to ensure that their clients' funds are 100% safe and secure.

As a part of the Tickmill group of companies, this broker is regulated by 5 different regulators under different company names and jurisdictions:

Tickmill UK Ltd: Financial Conduct Authority (FCA)
Tickmill Europe Ltd: Cyprus Securities and Exchange Commission (CySEC)
Tickmill South Africa (Pty) Ltd: Financial Sector Conduct Authority (FSCA)
Tickmill Ltd: Financial Services Authority of Seychelles (FSA)
Tickmill Asia Ltd: Financial Services Authority of Labuan Malaysia (FSA)

In addition, the clients' funds are protected in segregated accounts within top-tier banks. Tickmill Philippines also makes sure that their clients’ account balance will not fall below zero by applying the Negative Balance Protection.

This broker is also a member of MiFID II directives and multiple independent compensation funds (Investor Compensation Fund (ICF) under the name of Tickmill Europe Ltd, and Financial Services Compensation Scheme (FSCS) under the name of Tickmill UK Ltd). Therefore, Tickmill Philippines clients can receive compensation if the company has unfortunately stopped their operation or failed to fulfill their obligations.

Types of spreads in Tickmill Philippines

Tickmill Philippines offers ultra-low spreads starting from 0 pip for the Pro and VIP accounts, and competitive spreads from 1.6 pips for the Classic account.

There is no commission for the Classic account. However, there is a commission of 2 currency units for the Pro account and 1 currency unit for the VIP account per side per 100,000 traded.

Trading platforms offered by Tickmill Philippines

Tickmill Philippines provides trading in the two most popular platforms: MT4 and MT5 on Windows, macOS, Android, iOS, and WebTrader so traders can also trade on the go.

In the MT4 platform, traders can enjoy advanced charting, analytical tools, order management tools, and EA. This platform also offers 3 types of order execution, 4 types of pending orders, more than 30 technical indicators, and 9 timeframes in 39 languages.

If traders want a more sophisticated and advanced platform, they can choose the MT5 platform. Aside from advanced pending orders and analytical tools, this platform offers fully customizable charts and built-in economic calendars with 4 types of order execution, 6 types of pending orders, more than 38 technical indicators, and 21 timeframes. EA, trading robots, and copytrading are also available here.

Tickmill Philippines - Tickmill Broker Review 2024

Account types offered by Tickmill Philippines

How to deposit and withdraw funds at Tickmill Philippines

Is Tickmill Philippines reliable and safe?

Types of spreads in Tickmill Philippines

Trading platforms offered by Tickmill Philippines

Key advantages of trading with Tickmill Philippines