Tickmill Review

I have been with Tickmill over 5 years and they are my experience with them is excellent.
They provide direct market trading with minimal commission and almost no slippage.

Deposits and withdrawals are fast if using Skrill or Neteller even faster.

They do have a client outreach and communicate with you occasionally on promotions or events they hold.

I have had no qualms' with them at all.

Commendable and one of the best. Keep up the good work.

Tickmill threatens with legal action against me because I expose truth on social media how they refuse to pay me my funds, $35 966! Funds are not paid for more then 6 months already, and they now even threaten with legal action against me. I fight this SCAM company hard with regulators and I am going also to bring my case on court. This unjustice and fraudulent behavior must be stopped!

I strongly advise everyone to stay away from Tickmill. This is SCAM company and I kindly ask ForexPeaceArmy to mark this company with SCAM label and their ratings erased to 0.

Aug 17, 2020 - 1 Star This is SCAM company and it should be put where it belongs, to SCAM brokers. Their ratings erased.

Their price at the moment is on 24.10 $. Also straight forward crippled price action. While at same time December futures 2020 contract price which they claim they follow is on 43.22 $ with very much visible dips during upside movement. Something which we do not see in Tickmill's price action!

For situation to be even worse, they charge insane swap for long positions of more then 14 points! Total SCAM! This must be punished!

Tickmill continues their fraudulent activity by offering imaginary, fake, and wrong spot WTI price. Price which has nothing to do with reality, or with any futures contract price. Random number they transmit.

I am in close contact with FSA regulator which works on my case, and hopefully this week there will be some real progress regarding my case, and my funds paid in full.

Tickmill must pay me funds they owe me, $35 966 must be paid to my trading account # 3033967.

For more information about my case, you can follow it here: Scam - Scam alerts - Tickmill SCAM! Offers invalid WTI price in close only mode, wrong price execution for all bigger trades.

May 11, 2020 - 1 Star I am going to describe 2 problems I ran into with Tickmill. My trading account # 3033967.

First and main problem is fake and imaginary WTI CFD price they offer in the moment. Their price currently is at 9.64$ for barrel, while true WTI CFD price is 26$ for barrel, it can be checked with any other broker, or simply by looking at CME futures prices for WTI, all contracts are above 25$ for barrel. Tickmill have applied close only mode on WTI, and since I have 3 long positions I am not able to close my positions with significant profit of 26 000$, and trader can not open new long positions on that absurd, fake, low price they offer because it is only close only mode applied. I would have no problems with their close only mode if they offer true WTI CFD price, instrument I was trading with. Their excuse is that they follow movement of December 2020 futures price, which is also invalid since price for December futures is over 30$ for barrel, and also price movement is completely different. They refuse to pay my winnings after weeks of annoying conversations and invalid arguments they try to provide. I am experienced trader who has account with over 10 brokers, and what they say is completely absurd and not acceptable! Difference in their price from true price is almost 300%, no LP can justify that. There is only one true WTI CFD price and it is between 26$ and 27$ for barrel at the moment I am writing this review.

Second problem I encountered with wrong price execution for trades bigger then 1 lot size. This applies for all FX pairs and Metals. Order is executed on price NOT SHOWN in MT4, but on price worse for client by 1-2 points. This happens every time, for manually opened positions and pending positions. They stole from me on over 500 trades these 1-2 point. It is not slippage, it is wrong price execution! I brought this issue also to them, and gave them chance to refund what they were stealing from me for years, but they refused with no true explanation provided, only fake arguments which has nothing to do with reality. Experienced trader like me can not be fooled or tricked like that.

I am going to continue to fight with them with these two problems and claim my funds via court if necessary if they continue to refuse to pay what they owe me.

Everyone can feel free to contact me directly here on FPA if further details about Tickmill are wanted.

Reply by Tickmill submitted May 15, 2020 Hi Deltoid88,

We have provided all necessary clarifications and have assisted with detailed explanation in regards to your trades.

If you have any additional concerns, you can reach out to our support team.

Thank you.

More. Community discussion of this issue >>

I think its tickmill is the best broker was my bank that delayed sorry for spreading lies I give it 5-star especially on their spreads and withdrawal will be trading with you for some time and see but either than that you are a good broker...but you must make the thing where get in contact with you fast like chat room maybe cause it takes about hours for you to reach us then we panic

Oct 8, 2020 - 1 Star i have made a withdrawal they went thru my bank took my money back while not knowing to so be careful they are scam don't trade with them especially south African don't recommend you this broker

I have been using Tickmill (as my secondary broker) for 3 years. Spreads are tight, execution is fast, deposit is fast. But, when it comes to withdraw your money, they are the slowest and the most problematic broker I have ever worked with. It always takes more than 1 week to get your money back. To give an example, I have made a request on 17th morning and who knows where the money is, still waiting (Ref: 0XRJ0NMRPN07HL49). And after a week if you ask where your money is, they occassionaly realize that there had been a bank problem and they re-send your money, but magically this new withdrawal happens within a day. They also force absurd withdrawal rules. If you have deposited by a credit/debit card, let’s say 3 years ago, then if you use different deposit methods later, you cannot withdraw your money by another method other than credit/debit card. This is totally ridiculous and they state that it will take 8 BUSINESS DAYS to get your “instant deposit” back. There are absolutely no technical reason to get your money back too late with so many problems.

My primary broker sends my funds to my account even sometimes within the same day, but Tickmill, hell no, I promise that you wont get your money easy. Eventually you get it if you have enough patience.

Being trading with tickmill since 1 month no problem with them till now and i take my profit with no problem

hello
Working with this company is a big problem
Where in the world 27 USD oil is sold
has been keeping oil prices low for a long time
Takes high commission
We show that investing wti usd as a reference, they say
https://tr.investing.com/currencies/wti-usd-chart
wti usd 40 usd but tickmill wti usd 27 usd no logical explanation

May 15, 2020 - 1 Star As of April 20, they started to receive it without any transportation fee.and wti they do not accept, although there is a problem with the spot oil price
reference the month of December without informing the customer
closes opening new transactions
customers do not care about their victimization
and they try to clear themselves by throwing the blame on the price provider
make money by keeping the price low
they try to clear themselves by throwing the blame on the liqity provider
reflect transparent prices
stay away not the broker you want to work with

For my first withdrawal (the withdrawal request was on the same Bank Account, from where the deposit was) they ask for a document which include my Name, Surname and Bank details like IBAN and Name of the Bank. I send this, and they ask again. WTF?, i send this a second one, with explanation, where they find the details on the document, and than they fund my bank account.

The WTI Spot Price at Corona was also a joke.

So i will rate Tickmill with Average

all in all a good broker but I was disappointed when I had a legitimate trade issue but the broker put it down to a slippage loss which I do not fully agree with. other than that one issue to report, I find their trading conditions amicable and easy going

This is the third review against the scam of Tickmill. Oil market of WTI is more than 42 dollars per barrel but still this scam broker is at 23 dollars. This is not the broker where you can get some handsome money. It can not manage the money which is small. Still they are eating money of clients by charging over nights swaps.

May 14, 2020 - 1 Star What happen to Tickmill? Why they are manipulating WTI prices? They are showing 9.45 dollars per barrel of WTI but Real price is now 27 dollars. This is happening to them for a month. Last month when I asked why this happen and they replied they are showing May, 2020 contract price. Again When I contacted they said, They are showing Jun, 2020 contract price, and finally at the end of April they said they are showing July, 2020 prices. Again on contact with them, they said they are showing cash prices of WTI, I asked them if so then please give me Crude oil in physical quantity which you are showing because all over the google and the brokers are selling it above 25 dollars. And Now they are saying that they are showing DEC, 2020 contract price, What the hell with them? Are traders are so foolish as you are? They are not showing real price of the market and eating the accounts of clients by charging daily heavy swaps on positions. Can FPA take any actions against this unfair mean of tickmill?

Apr 20, 2020 - 2 Stars I am with tickmill almost 6 years with tickmill. They are good like all other brokers if you are losers. If you are winner then they will change the game in between your open positions. Recently I have opened trades on USOIL with them with big lots. They move down the market where they want even on 11 dollars. My positions are floating with negative balance. Account was swap free but now they changed the game within one week. They are charging heavy swaps with the name of handling charges on over night positions. Mostly brokers shows USOIL prices now on 23 dollars but their charts are showing 11 dollars. What the hell with them? Can you believe such cheats?

Reply by Tickmill submitted Apr 29, 2020 Dear willi2000

Tickmill does not interfere with the pricing of its Oil products. Tickmill simply transmits the pricing coming from the Liquidity provider to its clients.

Please refer to our latest news release on oil trading during contango:

www.tickmill.com/news/important-notification-oil-trading-during-contango

I'm only trading forex and my impression so far is very positive:
- spreads are extremely competitive. They might be wider around the rollover time, than some other brokers offer, but my night scalping strategies work just fine with rather chunky lots (3-5)
- slippage is reasonable: mostly occurs on a volatile markets and rarely large
- deposit is hassle-free
- commission. That's separate story: it's below the market average on a basic level account. It's halved on VIP. And cashback shaves off most of what's left
- VPS is bundled in the VIP package. It's less than 1ms away from the server and Beeks running the VPS know their job, best customer service I've ever dealt with
- Customer support. As anywhere else, you get the blunt uneducated reply first, suggesting you should restart your MT4 or something else. But if you dig a bit deeper and substantiate your claims, they escalate it to the relevant department and you get very sensible answer.
Overall: being in this industry for quite a while I found my experience with Tickmill very balanced, even through the recent rough patch.