Tickmill review - Regulations, Platforms, Instruments and User Ratings.

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.

I have opened account about 2 months ago. Have not withdrawn funds as of yet. I'm done testing and shall live trade for real.
I cannot rate them now for withdrawal, but for speed, execution, instant deposit, I give them 4 star,
I will add stars after withdrawal.

I have found Tickmill to be a good overall broker. The minimum deposit was $100, which I was OK with and was pleased there were no fees/charges on deposit and withdrawals. There are a good number of ways you can fund your account, which is good. I did use their live chat, who were helpful but not available 24/7.

I haven't used this broker too much to be fair, but I did open an account here for one of my EAs. The type of EA was a very active one which is not allowed at most brokers due to hyperactivity, but is allowed at Tickmill. The only problem was, it worked great on demo, but checked through my capital very fast on a live account due to the commissions (no fault of tickmill, just not the best EA).
I did't continue my trading with tickmill due to the low leverage offered for retail clients (1:30) and they also do not offer crypto, which I think is a bit behind the times.

Wti price is different from other brokers they are cheating I dnt recommended this broker here after they are not giving proper reason if we ask they always telling contract Dec 2020but Contract price is above 30$ tickmill price 9.65$fake movement fake price.tickmill will can't able to prove that ..can tickmill show the contract details and your liquidity provided details??

May 5, 2020 - 2 Stars May I know what happening in wtiusd all other brokers price is moving and price around 20$ but in tickmill around 8-9$if I asked they are saying LP providing this price like that how long they going to hold the price if any one can explain this

Reply by Tickmill submitted May 8, 2020 Dear Imran1705,

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

Absurd price on WTI oil on Tickmill, they offer 9.68$ for barrel at the moment. Total nonsense since all futures contracts are over 26$ which can be checked anytime on CME. Other brokers have completely normal and true price, over 27$ for barrel at the moment.

They say they follow December 2020 futures price at the moment, but that is even more absurd since December futures price is over 30$ for barrel.

Tickmill, what are you doing with your price on WTI?

This is pure scam, their price has nothing to do with reality. If they do not manipulate price, then their LP does, and Tickmill is obligated to change this absurd price by changing its LP. However you look at this issue , price is absurd and Tickmill offers it, then Tickmill performs fraudulent activity here.

People, stay away from Tickmill. This is scam.

After having an account on demo I opened a live and have experienced tickmill emailing with changes to my leverage and positions and also persistent phone calls with no purpose.

I've never tried the withdrawals so cant comment.

From the trades I placed the spreads seemed ok but I did see them fluctuate a lot

Very good broker, low spreads, fast withdrawals and deposits. Easy Deposit and Withdrawal with minimum charges

Trading conditions are favourable but what is boring is in some cases during withdrawing they give your money in two installments.