Contents
- 1 TickMill Basics
- 2 Our Opinion About TickMill
- 3 Key Benefits
- 4 Regulation And Safety
- 5 Regulation In Kenya
- 6 Forex Awards
- 7 TickMill: Legit Or Scam?
- 8 TickMill Trading Assets
- 9 Trading Instruments
- 10 TickMill Account Types
- 11 Live Accounts
- 12 Demo Accounts
- 13 Islamic Accounts
- 14 TickMill Registration – How To Register For An Account
- 15 TickMill Registration – How To Verify An Account
- 16 TickMill Bonuses
- 17 TickMill Deposits & Withdrawals
- 18 TickMill Trading Platforms
- 19 Trading Tools
- 20 Education And Research
- 21 Trading Hours
- 22 Tickmill Customer Support
- 23 Our Verdict
- 24 TickMill Forex Broker Review – FAQs
TickMill Basics
| 🏛️ Based in | Limassol, Cyprus |
|---|---|
| ⚖️ Regulation | CySEC, FCA, DFSA, FSCA |
| 💰 Minimum Deposit | $100 |
| 💳 Deposit Options | VISA, MasterCard, Bank Wire, Skrill, Neteller, dotpay, PayPal, and Trustly. |
| 💳 Withdrawal Options | VISA, MasterCard, Bank Wire, Skrill, Neteller, dotpay, PayPal, and Trustly. |
| 📌Open an account | Start Trading with TickMill |
Our Opinion About TickMill
TickMill is one of the top forex brokers in Kenya. First launched in 2014, they are an established forex provider with over 1,000,000+ clients worldwide. They are also a regulated company with licences from some of the most reputable regulatory authorities in the world. TickMill has an excellent reputation within the forex industry. They are also an award-winning forex company and well-known for offering a great online trading service.
In terms of their services, TickMill offers a secure online trading environment and a high level of client fund protection. They offer trading on 150+ instruments including forex, shares, indices, metals, and energies. They also offer great trading accounts. You can choose from 3 different account types – all of which come with tight spreads, low commissions, and fast trade execution. You can also choose from 2 great online trading platforms in the industry – MT4, and MT5.
Key Benefits
Regulation And Safety
TickMill is a regulated forex broker. TickMill is the trade name for a small group of companies, which operate in different regions, under the same management. While this set up might seem a little complicated, it allows TickMill to obtain more licences and to offer its services in more countries. As a group, TickMill holds licences from a number of prestigious regulatory bodies including CySEC, the FCA, the LFSA, the FSCA, and the FSA-Seychelles.
Regulation In Kenya
Traders in Kenya can open a trading account with the FSA-regulated company. As a group, TickMill operates under a high level of regulatory oversight. They choose offer all their traders a high level of client fund protection, regardless of where they live. For example, traders in Kenya can benefit from negative balance protection and other important security measures, such as segregated accounts. As such, TickMill are not only regulated, but also a reliable provider that you can trust.
Forex Awards
Tickmill has won many forex awards over the years. Their most recent prizes include:
- Best Forex Spreads 2023 (Ultimate Fintech Awards)
- Best Forex Spreads 2022 (Ultimate Fintech Awards)
- Best Forex Trading Experience 2023 (Global Forex Awards 2022)
- Best Trade Execution (Cairo Investment Expo CIE4)
TickMill: Legit Or Scam?
TickMill is a legitimate forex broker. They are regulated by some of the top financial authorities in the world and offer a high level of client fund protection to traders in Kenya. In terms of their trading products, they have a nice range of trading accounts and trading conditions. They also offer low minimum deposits and low trading costs. In our opinion, they are a reliable forex broker.
TickMill Trading Assets
Tickmill offers you access to some of the best trading products in the industry. You can choose from forex, stocks, indices, energies, commodities, and bonds.
Trading Instruments
- Forex: They offer 62+ pairs, including majors, minors, and exotics.
- Indices: They offer 25+ CFD indices, including AUS200, UK100, US30, and US500.
- Metals: They offer 3 metals for trading, including gold and silver.
- Bonds: They offer 4 bonds for trading.
- Cryptocurrencies: They offer 8 cryptos, including Bitcoin, Ethereum, and Litecoin.
TickMill Account Types
At Tickmill, there are four main account types, all of which come with good trading conditions and low trading costs. Besides the TickMill classic account that you can create, you also have the option to choose from other account types such as the Pro, VIP and Islamic swap-free accounts.
| Type | Spreads | Min. Deposit | Max. Leverage | Commission |
|---|---|---|---|---|
| Classic | From 1.6 pips | $100 | 1:500 | $0 |
| Pro | From 0.0 pips | $100 | 1:500 | $2 per side |
| VIP | From 0.0 pips | $200 | 1:500 | $1 per side |
Live Accounts
In our opinion, their best live account is the Classic account. It is a good choice for new forex traders in Kenya. The spreads start from as low as 1.6 pips and there are no commission fees. It also comes with a high leverage of up to 1:500 on some trading instruments. The minimum deposit is $100 which makes it a good starter account. The available base currencies are USD, EUR, GBP, PLN, and CHF.
Demo Accounts
In our opinion, the TickMill demo trading account is a helpful tool. With the demo account, you can learn new trading skills and try out different trading strategies. You can also find out more about the forex market and how forex trading really works. This is very useful for new traders, especially if it’s your first time trading, and you want to find a reliable Kenyan broker. Demo accounts operate using virtual funds. This means there is no risk to your money.
Islamic Accounts
All of the TickMill accounts are available as Islamic swap-free trading accounts, and you can choose this option when opening your online trading account.
TickMill Registration – How To Register For An Account
As part of our TickMill review, we looked at their online registration process. If you live in Kenya, then you are allowed to open an online trading account. The first step is to register online. This is so that TickMill can get some personal information and create your trading account. The next step is to take a short online quiz. This is so that TickMill can see what you know about online trading, and if their services are suitable for you. If you pass the quiz, the you can move on the final step of this process, which is account verification.
TickMill Registration – How To Verify An Account
As part of our TickMill review, we also looked at their account verification requirements. To open a live trading account you’ll need to show TickMill a proof of ID and a proof of address. This is so that they can check your identity and verify your account. The account verification process is simple. You can provide copies of your National ID card, Passport or Driving License. You can also provide copies of a utility bill or a bank statement registered in your name. After you have verified your account, you can add funds and start trading.
TickMill Bonuses
Yes, Tickmill has a few forex bonuses for new traders. Their promotions include a $30 welcome bonus, a Non-Farm Payroll prediction competition, and a Trader of the Month competition. Visit Tickmill’s website to read the full T&Cs for each forex bonus.
TickMill Deposits & Withdrawals
As part of our TickMill review, we had a look at what payment options are available. They have a decent selection of deposit and withdrawal methods. You can choose from a good range of traditional payment options, as well as popular e-wallets. They also offer fast transaction times and low transaction fees, which can make it easier to manage your account funds.
TickMill Trading Platforms
TickMill offers two of the industry’s best and most powerful online trading platforms. You can choose from MetaTrader4 and MetaTrader5.
MetaTrader4 (MT4) is a great trading platform for new forex traders. It has a very user-friendly interface and comes with helpful trading tools. You can use it to access a wide range of trading instruments including forex, stocks, and indices. The TickMill MT4 trading platform has helpful charting tools, 4 order execution types, 30 technical indicators, and 23 analytical objects.
MetaTrader5 (MT5) is another great choice for beginner forex traders. It has a simple interface and comes with lots of built-in trading tools. You trade many different financial markets including forex, shares, and crypto. It is very easy to navigate. The TickMill MT5 trading platform also has many great features including 6 order execution types, 38 indicators, and 37 analytical objects.
Trading Tools
Tickmill offers a number of excellent trading tools. You can choose from Autochartist, Myfxbook, PelicanTrading, a VPS service, an advanced trading toolkit, and a one-click trading plugin. However, it is worth noting that not all of the trading tools are free.
Education And Research
As part of our TickMill review, we looked at their educational resources. TickMill does their best to help new traders get off to a great start They offer a large range of online articles and forex trading guides. These are designed to help you to learn how the forex market works and what forex trading involves. TickMill also give you access to many online tutorials. The tutorials cover many key topics such as market analysis and risk management techniques.
Trading Hours
TickMill operates during standard market hours. You can trade forex whenever the forex market is open. Trading hours may vary on public holidays.
Tickmill Customer Support
As part of our TickMill review, we tried out their customer support. Tickmill has an excellent customer service team that is always ready to help. You can contact their customer support department via phone, email, or live chat.
Our Verdict
TickMill in Kenya offers high quality trading services including great accounts, competitive pricing, and powerful trading platforms. It also offers excellent educational materials, great trading tools, and a high level of customer service. This makes TickMill a great choice for Kenya traders – whether you’re just starting your journey in Forex or if you’re just looking to try a new broker!
TickMill Forex Broker Review – FAQs
TickMill is one of the most well-known forex brokers on the market. First established in 2014, it is now a large, international broker with over 1,000,000+ clients worldwide. They are a regulated forex company with licences from some of the most reputable regulatory authorities in the world. They have offices in Cyprus.
Yes, TickMill in Kenya is a good broker. They have a nice selection of account types, all of which havelow trading costs. TickMill has many trading instruments including forex, stocks, indices, cryptocurrencies, metals, oil, gas, and other commodities. They also offer very good trading tools and excellent online resources.
Yes, TickMill in Kenya is a legit forex broker. They are an international company that has won many awards in recognition of their services. In terms of their trading, they offer great accounts, competitive pricing, and cutting-edge platforms. Furthermore, TickMill has a good selection of payment methods and offers a fast, smooth withdrawal process. In our opinion, they are a legit forex broker.
Yes, TickMill is a regulated broker. The TickMill Group holds licences from a number of prestigious regulatory bodies including CySEC, the FCA, the LFSA, the FSCA, and the FSA-Seychelles. These licences and registrations enable TickMill to offer its services on a global scale, including in Kenya.
Yes, TickMill is a safe forex broker. When it comes to fund safety, they choose to go beyond their basic regulatory requirements, and offer more comprehensive client fund protection measures. TickMill keeps all client funds in segregated accounts, separate from its operating capital. This means that they can never use client funds for their own operational purposes. In our opinion, TickMill is a safe company to trade with.
Yes, TickMill has good live accounts. At Tickmill, there are three real trading account types, all of which come with good trading conditions and low trading costs. Besides the TickMill Classic account that you can create, you also have the option to choose from other account types such as the Pro Account and the VIP Account.
No, TickMill does not offer Naira accounts. The available base currencies include USD, EUR, GBP, PLN, and CHF. The options for Kenyan traders is USD.
Yes, they do. As part of our TickMill bonus review, we checked to see what promotions are available for Kenyan traders. There is a TickMill $30 welcome bonus, a Non-Farm Payroll prediction competition, and a Trader of the Month competition. Check Tickmill’s website to see the bonus terms and conditions, as well as the bonus withdrawal conditions.
Yes, TickMill is good for beginners. They have several affordable account options, all of which come with low trading costs and low minimum deposits. They also have a large selection of trading tools and educational resources. For example, Kenyan traders who want more help with their trading can choose to use TickMill’s trading videos. This will give them access to expert insights and increase their chances of trading profitably.
TickMill is one of the best forex brokers in the industry. They have great trading accounts with low trading costs. They also have a good range of trading instruments, trading platforms, and trading tools. However, if you want to look at alternative options, there are many great forex brokers as well. We recommend looking at FXTM, FXPrimus, and FXPro.