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4.48
/ 5
Accepts Malaysian Clients. Average spread EUR/USD 0.00 pips with 4 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4 and MT5 platforms supported. Tickmill is regulated by CySEC, FCA, FSCA, and the FSA-Seychelles.
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A trustworthy broker with MT4 and MT5 support and two of the lowest-cost trading accounts in the industry, Tickmill provides a perfect trading environment for serious beginners and more experienced traders. However, although Tickmill is regulated by the Labuan FSA, Malaysian traders will be onboarded through Tickmill’s Seychelles-based entity, which offers less protection.
Tickmill provides two commission-based accounts with low spreads (0.0 pips on the EUR/USD) and some of the lowest commissions in the industry. A standard account is also available, with no commission and spreads starting at 1.6 pips on the EUR/USD. Education and market analysis are both excellent and experienced traders will appreciate the wide range of currency pairs.
Overall, while Tickmill’s standard account is more expensive than other similar brokers, the two low-cost commission accounts make it an excellent choice of broker for Metatrader users looking for a new broker.
| 🏦 Min. Deposit | USD 100 |
| 🛡️ Regulated By | CySEC, FCA, LFSA, FSCA |
| 💵 Trading Cost | USD 4 |
| ⚖️ Max. Leverage | 500:1 |
| 💹 Copy Trading | Yes |
| 🖥️ Platforms | MT4, MT5 |
| 💱 Instruments | Bonds, Cryptocurrencies, Stock CFDs, Forex, Futures, Indices, Metals |
Tickmill maintains regulation from a number of top-tier authorities, including the UK’s FCA and CySEC of Cyprus, but Malaysians will be onboarded through Tickmill’s Seychelles-based entity, which offers less protection.
Regulation: Although Tickmill maintains a licence from the Labuan Financial Services Authority (LFSA) of Malaysia, Malaysian clients will be onboarded through its Seychelles-based entity. This is disappointing for Malaysian traders as it means that they will not benefit from local regulation and that their money will not be segregated at Malaysian banks. See below for Tickmill’s sign-up notice:
Safety Features: Although the lack of LFSA oversight may be off-putting for some Malaysian traders, we still consider Tickmill a safe broker to trade with. Firstly, it holds licences from a number of other regulators worldwide:
Secondly, Malaysian clients can be sure that their funds will be segregated from Tickmill’s operating capital at top-tier banks, and finally, it provides all clients with negative balance protection, which means that traders cannot lose more than their initial deposit.
Company Details:
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Website Year Founded Office Locations Non-Trading Fees
Tickmill’s range of financial instruments to trade is smaller than most other brokers, but we were pleased to see that in May 2022 it added a range of share CFDs to its offering.
Trading Instruments and Leverage:
Scroll for more details Financial Instrument Number of Assets Leverage Bonds4100:1Cryptocurrencies82:1Stock CFDs9820:1Forex62500:1Futures6UnleveragedIndices27100:1Metals4500:1 on gold, 125:1 on silver
Forex: Tickmill offers 62+ currency pairs for trading, including majors (EUR/USD, GBP/USD, and USD/JPY) and minors (NZD/CAD, EUR/JPY, and GBP/NZD), and exotics (EUR/NOK, USD/SEK and EUR/ZAR). At Tickmill, there are more pairs to trade than most other Forex brokers.
Indices: Tickmill offers trading on 27 indices, which is average compared to other similar brokers, but includes the likes of the AUS200, UK100, US30, and US500. Both Index Futures and Index Cash CFDs are available.
Metals: Tickmill offers three metals, whereas most brokers only offer trading on between 5 – 10 Metals. These include gold and silver.
Bonds: Tickmill offers four bonds for trading, which is average compared to other similar brokers.
Share CFDs: As of the end of 2021, Tickmill added a small range of share CFDs, including the big names in the US and UK. With time we are sure this range will grow.
Cryptocurrencies: Tickmill only offers eight cryptocurrencies for trading, including Bitcoin, Ethereum, and Litecoin. This offering is also limited compared to what’s available at other brokers.
Apart from the wide selection of Forex pairs, Tickmill has a disappointing range of CFDs, but we were pleased to see that it is now offering trading on share CFDs.
Tickmill offers three live accounts, which is average compared to other brokers and its trading fees are lower than average on two of its three accounts.
Trading Fees: The Classic Account has the trading costs included in the spread, while the Pro and VIP accounts offer tight spreads in exchange for a small commission per trade. Trading conditions improve with increasing minimum deposits. The ongoing trading costs at Tickmill are extremely competitive on its two commission-based accounts, but higher than average on its commission-free Classic Account. However, at 100 USD, the minimum deposits on the Classic and Pro accounts make them accessible to most traders.
Low Non-trading Fees: At Tickmill no fees are charged for deposits or withdrawals, and Tickmill does not charge inactivity fees on dormant accounts. This is remarkable for an industry that charges fees for most transactions.
Tickmill’s Account Trading Costs:
Scroll for more details Trading account Min. Deposit Min. Spread EUR/USD Commission Trading Cost (USD) ClassicUSD 1001.60Spread Only16ProUSD 1000.04 USD / lot4VIPUSD 500000.02 USD / lot2
As you can see from the table above, the trading costs on the VIP Account are lower than the costs on the other two accounts and are significantly lower than those charged by other brokers on similar accounts. However, traders need to maintain a minimum account balance of 50,000 USD. The trading costs on the Pro Account are also highly competitive, and it only requires a minimum deposit of 100 USD. It should be noted that Tickmill charges some of the lowest commissions in the industry – the commissions at most other brokers tend to be 7 USD (round turn) per lot traded.
Classic Account
This commission-free entry-level account requires a minimum deposit of 100 USD. Fees are included in the spreads, which start at 1.6 pips on the EUR/USD, which is wider than other similar brokers.
Pro-Account
This account requires a 100 USD minimum deposit and is an entry-level account for professional traders. Tight variable spreads (starting at 0.00 pips) are available in exchange for a commission of 4 USD (round turn) per lot. Note that the stop out and limit levels for Pro account users are zero.
VIP Account
With excellent trading conditions, this account is for high-volume professional traders but requires a 50,000 USD minimum deposit. The commission is reduced to 2 USD (round turn) per lot and spreads are 0.0 pips (EUR/USD), making this account one of the lowest-cost accounts in the industry.
Tickmill offers a wide range of funding and withdrawal methods, its processing times are fast, and no fees are charged for deposits or withdrawals.
A well-regulated broker, Tickmill ensures that all Anti-Money Laundering rules and regulations are followed, and as such, all withdrawals are returned to the deposit source.
Trading Account Currencies: At Tickmill, traders can only choose from three base currencies: USD, GBP, and EUR. This is limited compared to most other international brokers and is disappointing for Malaysians who will likely have bank accounts denominated in MYR and will have to pay conversion fees on all deposits and withdrawals.
Deposit and Withdrawal Fees: Tickmill offers commission-free deposit and withdrawal options that can be performed on the broker’s trading platform. The minimum withdrawal amount for all payment methods is 25 USD. Tickmill also has a Zero Fee policy and will reimburse traders for any third-party fees charged up to 100 USD on deposits of over 5,000 USD.
Tickmill offers a range of bonuses and promotions for new traders. These include a 30 USD Welcome Account, a Non-Farm Payroll prediction competition, and a Trader of the Month competition. See Tickmill’s website for more details.
Tickmill’s mobile trading platforms are average compared to other similar brokers.
MetaTrader4 (MT4) and Metatrader 5 (MT5) are available on IOS, Android, and Windows mobile phones and tablets. The app will connect to the same account as the desktop software, allowing a synchronised and mobile trading experience.
Traders should be aware that there is some loss in functionality when compared to the desktop trading platforms, including reduced time frames and fewer charting options, but traders can close and modify existing orders, calculate profit and loss, and trade on the charts.
Tickmill offers full support for the MT4 platform and at the end of 2021, added MT5 to its trading arsenal. This highlights how Tickmill continually forms partnerships to improve trading conditions for its expanding client base.
All platform choices are free to use, all can be downloaded to your PC and all have web versions of the platform. All platforms are also available on mobile Android and iOS devices.
Metatrader 4
Having established itself as the industry-leading platform, Metatrader 4 (MT4) is the most reliable and popular platform in existence. Its intuitive interface and user-friendly environment provide essential tools and resources for successful online trading. It is also widely recognised for its fast execution speeds, range of charting tools, algorithmic trading, and customisability.
Tickmill’s MT4 platform is the standard version of MT4, and while numerous upgrades are available, most of them come at a price.
While MT4 has great customizability, the platform feels outdated, and some of the features may be hard to find. In addition, only the basic orders are available, including Market, Limit, Stop, and Trailing Stop.
Metatrader 5
Developed in 2010, MT5 is the newer version of its predecessor, MT4. MT5 is more powerful and faster than MT4 when it comes to back-testing functionality for automated trading algorithms. It also has a built-in news feed, market depth indicator, economic calendar, and trades can be made on the charts.
Again, only the standard version of MT5 is available at Tickmill. However, support for MT5 means that Tickmill can enhance its asset offering, making it more appealing to experienced traders.
While MT4 and MT5 are both excellent trading platforms, many other CFD brokers also offer their own web-based platforms, which tend to be easier to use for beginner traders. On the other hand, the benefit of Tickmill offering third-party platforms such as MT4 and MT5 is that traders can take their own customised version of the platform with them should they choose to migrate to another broker. Additionally, there are thousands of plugins and tools available for the MetaTrader platforms.
Trading Platform Comparison:
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Tickmill has a fast and hassle-free account opening process, with quick verification.
Malaysian traders can open an account at Tickmill but need to meet the minimum deposit requirement of 100 USD to do so. In order to open a VIP Account, traders must maintain a minimum balance of 50,000 USD.
We tested the account opening process, which took approximately 10 minutes to complete, and once our documentation had been submitted, our accounts were ready for trading within a few hours.
Tickmill offers both corporate and individual accounts, but we will outline the four-step process for opening an individual account:
Overall, Tickmill’s account-opening process is quick and efficient, and accounts are generally ready for trading within a matter of hours.
Tickmill offers an excellent range of trading tools compared to other similar brokers.
Tickmill offers a number of excellent trading tools, including Autochartist, Myfxbook, PelicanTrading, a VPS service, an advanced trading toolkit, and a one-click trading plugin. Autochartist is free of charge for all registered users, while other third-party tools such as myfxbook, Pelican Trading, and VPS hosting incur an extra cost on the part of the trader.
AutoChartist
AutoChartist is a third-party automated chart analysis tool that scans the markets for volatility and notifies traders of relevant trading opportunities. Since it integrates into MT4, information is available inside the trading view and simplifies the platform while providing additional analysis. Autochartist is a common technical analysis tool among traders, so training videos are easy to find online. Autochartist is one of the best analytics tools on the market, and Tickmill does well to provide this service to its clients. Tickmill offers AutoChartist free of charge to all live and demo account holders.
Myfxbook
Another common third-party trading tool available on Tickmill is Myfxbook AutoTrade, a cross-broker social trading platform that allows for copy trading without additional software. Myfxbook is available at an extra cost, and traders will have to contact myfxbook directly to find out more. Myfxbook is lauded as one of the best social trading platforms available.
Pelican Trading
Like Myfxbook Auto Trade, Pelican is an innovative all-in-one mobile auto-copying application that allows traders to follow and copy trades from other successful traders. Pelican has a user-friendly interface that provides a platform to learn from and chat to other traders and mentors. Users can also track and analyse the performance of other traders. This platform is ideal for beginners starting out in the trading space. Again, traders will have to contact Pelican directly to find out about the costs associated with using the service.
VPS Service
Tickmill VPS has partnered with BeeksFX to provide a discounted VPS service to clients. As one of the largest Forex VPS providers, BeeksFX gives users access to very low latency networks and expert advisors.
Tickmill clients are entitled to the following exclusive benefits with BeeksFX:
No shared resources, and increased control.
Advanced Trader Toolkit
Free to all Tickmill clients, the Advanced Trader Toolkit gives traders access to institutional quality technology, including advanced trading tools, user-configurable news and information, and trade analysis. It also includes an array of sophisticated alarms and messaging systems, and live sentiment and correlation tracking. This tool is appropriate for more experienced traders refining their trading strategies. Some of tools in the package include:
One-Click Trading
The One-Click-Trading MT4 Expert Advisor (EA) is designed to make common trading mechanisms more accessible, facilitating trading and removing unnecessary navigation between windows and charts. This EA does not overly simplify MT4, but it does make trading on the platform less complicated.
Overall, Tickmill offers some of the best trading tools in the industry, with tools to suit both beginners and more experienced traders.
Trading Tools Comparison:
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Tickmill has a world-class selection of educational materials, in addition to webinars and seminars to help new traders get their footing. It also offers an Analysis Blog and Trading View Analysis Tools, offering new perspectives on currency markets. All written market analysis and educational materials are fully translated into Malay.
Tickmill offers an excellent selection of educational materials. Most of it is focused on beginners, but there are sections that will appeal to more experienced traders. It also offers a free demo account so traders can practice using the trading platforms before opening a real account.
Tickmill offers a range of educational resources, including free downloadable e-books, video tutorials, infographics, and a Forex glossary. It also hosts regular seminars and webinars.
Ebooks: The e-books cover Forex Trading Basics and how Forex trading works, introducing the Major Currency Pairs, Trading Strategies, an Introduction to Fibonacci Analysis, and the major types of Forex analysis.
Video Tutorials: Tickmill offers a range of video tutorials, some of which can only be accessed through registering a live account. Video tutorials cover various topics, including Forex Trading, Market Analysis, Trading Psychology, Trading Strategies, Social Trading, CFDs, Managed Accounts, and Technical Indicators.
Infographics: Tickmill provides excellent infographics that detail key facts and possible scenarios of various events, and how these impact the markets.
Webinars: Webinars are run in four languages (English, Arabic, Italian, and German), and all previous webinars are available in an archive. The webinar subjects vary from more fundamental concepts like News Trading Strategies to Technical Analysis and Chart Theories like Standard Elliot Wave Models.
Seminars: Tickmill has a schedule of free seminars worldwide, which introduce clients to trading concepts, and provides networking opportunities.
Demo Accounts: Demo accounts allow prospective traders to practice trading in real-time. One can test tools and strategies and sharpen trading skills completely risk-free. New traders can also explore the full suite of customisable tools and features that the MT4 platform offers to enhance trading performance. Demo accounts expire if there is no login for seven consecutive days.
The brokerage also offers a trading glossary which acts as another source of education, and where basic terms are described in short sentences.
Education Comparison:
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Tickmill’s analysis material is excellent compared to other similar brokers.
The in-house Tickmill research team of eleven experts runs a regular blog covering both fundamental and technical analyses. The research provides information on market-moving events outside of conventional news sources. These articles are updated throughout the day and are multi-format, including charts, videos and written articles.
The blog is publically available, and Tickmill allows traders to contact authors with questions about various articles. This is a unique offering, as brokers typically shy away from one-to-one contact with traders.
Note that all analysis materials are available in Malay.
Tickmill offers high-quality customer support, however, it is only available from Monday to Friday during business hours.
Customer support is available in 17 different languages, including Malay, via email, telephone, and live chat. Telephone support is also available locally in Malaysia. It does not, however, offer a call-back service. Traders should note that customer service is only available from Monday to Friday during business hours.
For the purposes of this review, we found the customer service extremely responsive and very knowledgeable. It is clear that Tickmill has invested in training the customer service team as they were able to answer all our questions without hesitation.
Regulation: Established in 2014 and headquartered in London, Tickmill has experienced extraordinary growth since its inception. It has over 110,000 traders on its books and an average monthly trading volume of over 120 billion USD. Tickmill is authorised and regulated by the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Financial Sector Conduct Authority of South Africa (FSCA), the Financial Services Authority of Labuan Malaysia, and the Seychelles Financial Services Authority (FSA). See below for a list of Tickmill company registrations:
Awards
Tickmill’s quality and popularity amongst traders have been noticed and rewarded by its industry peers. In recent years the company has won awards for:
Overall, although Tickmill’s Malaysian clients are directed to the FSA-regulated entity, it is regulated by a number of strong international regulators, has a long track record of responsible behaviour, and has received wide industry recognition. On this basis, we deem Tickmill a trustworthy broker.
We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker, and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.
Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. Tickmill would like you to know that: Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Losses can exceed the initial investment. Please ensure you fully understand the risks and take appropriate care to manage your risk.
Tickmill is an award-winning and trustworthy STP broker that relies heavily on industry-standard platforms to enable fast execution. With a strong education section, the availability of both MT4 and MT5, additional premium tools offered to traders at no extra cost, and excellent trading conditions on its commission-based accounts, Tickmill appeals to the serious beginner and more experienced trader.
Find out how Tickmill stacks up against other brokers.
Accepts Malaysian Clients. Average spread EUR/USD 0.00 pips with 4 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4 and MT5 platforms supported. Tickmill is regulated by CySEC, FCA, FSCA, and the FSA-Seychelles.
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Sebagai beginner trader apakah account yang sesuai untuk saya samada standard account atau micro account?