CFA Franc Forex Trading Accounts
Scam Forex Brokers in Cameroon
Tickmill Review
Overall Tickmill is considered low-risk, with an overall Trust Score of 83 out of 100. The broker is licensed by one Tier-1 regulator (high trust), three Tier-2 Regulators (average trust), and two Tier-3 Regulators (low trust). They offer three different retail trading accounts: a Pro Account, a Classic Account, and a VIP Account.
- Kayla Duvenage
Jump to:
Overview
Regulation and Safety of Funds
Awards and Recognition
Account Types and Features
Account Registration
Broker Comparison
Trading Platforms
Range of Markets
Fees
Deposit and Withdrawels
Education and Research
Bonuses and Promotions
Affiliate Programs
Customer Support
Social Responsibility
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.7/5
Min Deposit
100 USD / 59,837 XAF
Regulators
Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA
Trading Desk
MT4, MT5
Crypto
Yes
Total Pairs
60+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overview
Tickmill is regulated in one tier-1 and three tier-2 jurisdictions, making it a safe broker for trading forex and CFDs. It provides access to the full MetaTrader suite and platform add-ons, positioning it favourably among MetaTrader brokers.
The pricing for Tickmill’s Pro and VIP accounts is highly competitive. It offers the CQG and AgenaTrader platforms for futures and options trading.
Tickmill is particularly recommended for forex trading due to its low fees. The broker is regulated by several financial authorities, including the UK’s FCA, which adds an important layer of safety for traders.
Distribution of Traders
The broker currently has the largest market share in these countries:️
Malaysia – 11.87%
Vietnam – 10.87%
India – 8.89%
Egypt – 5.39%
Poland – 4.96%
Popularity among traders
Tickmill, given its regulatory status, range of instruments, and overall offer, stands out as one of the Top 50 CFD and forex brokers in Cameroon.
What makes Tickmill stand out among other brokers?
The broker distinguishes itself through competitive trading conditions, including low spreads and high leverage, advanced technology, and a client-centric approach.
Is Tickmill regulated, and what measures does it take for fund safety?
Yes, they are a regulated broker. It prioritizes fund safety by holding client funds in segregated accounts, implementing encryption for secure transactions, and adhering to stringent regulatory standards.
At a Glance
| 🏛 Headquartered | London, United Kingdom |
| ✅ Global Offices | Cyprus, South Africa, Seychelles, Malaysia |
| 🗓 Year Founded | 2015 |
| 📞 Cameroon Office Contact Number | None |
| 🤳 Social Media Platforms | Facebook, X, LinkedIn, Instagram, YouTube, Telegram |
| ⚖️ Regulation | Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA, DFSA |
| 🪪 License Number | Seychelles – SD008 United Kingdom – 71720 Cyprus – 278/15 Labuan – MB/18/0028 South Africa – FSP 49464 Dubai – F007663 |
| ⚖️ BEAC Regulation | No |
| 🚫 Regional Restrictions | The United States |
| ☪️ Islamic Account | Yes |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 3 |
| 📊 PAMM Accounts | MAM |
| 🤝 Liquidity Providers | Barclays and other top-tier banks, as well as hedge funds |
| 💸 Affiliate Program | Yes |
| 📲 Order Execution | Market |
| 📊 Starting spread | From 0.0 pips |
| 📞 Margin Call | 100% |
| 🛑 Stop-Out | 30% |
| ✅ Crypto trading offered? | Yes |
| 💰 Offers a XAF Account? | No |
| 👨💻 Dedicated Cameroon Account Manager? | No |
| 📊 Maximum Leverage | 1:500 |
| 🚫 Leverage Restrictions for Cameroon? | No |
| 💰 Minimum Deposit | 100 USD / 60,300 XAF |
| ✅ XAF Deposits Allowed? | No |
| 📊 Active Cameroon Trader Stats | Unknown |
| 👥 Active Cameroon-based Tickmill customers | Unknown |
| 💳 Cameroon Daily Forex Turnover | $5 trillion+ (Overall Forex Globally) |
| 💵 Deposit and Withdrawal Options | Bank Transfer Crypto Payments Debit Card Credit Card Skrill Neteller Dotpay PayPal Trustly Sticpay FasaPay UnionPay WebMoney Sofort Rapid (by Skrill) |
| 🏦 Segregated Accounts with Cameroonian Banks? | No |
| 📊 Trading Platforms | MetaTrader 4 MetaTrader 5 Tickmill Mobile App |
| ✔️ Tradable Assets | Forex Stock Indices Energy Indices Precious Metals Bonds Cryptocurrencies Stocks |
| 💸 Offers USD/XAF currency pair? | No |
| 📈 USD/XAF Average Spread | None |
| 📉 Offers Cameroonian Stocks and CFDs | No |
| 🗣 Languages supported on Website | English, Indonesian, Russian, Arabic, Italian, Thai, Vietnamese, German, Chinese (Simplified), Spanish, Polish, Korean, Malay, Portuguese |
| 📞 Customer Support Languages | Multilingual |
| ⏰ Customer Service Hours | 24/5 |
| 👥 Cameroonian-based customer support? | No |
| ✅ Bonuses and Promotions for Cameroon Traders | Yes |
| 📚 Education for Cameroonian beginners | Yes |
| 📱 Proprietary trading software | Yes, App |
| 💰 Most Successful Trader in Cameroon | Unknown |
| ✅ Is Tickmill a safe broker for Cameroonian traders? | Yes |
| 📊 Rating for Tickmill Cameroon | 9/10 |
| 🤝 Trust score for Tickmill Cameroon | 83% |
| 🎉 Open an account | Open Account |
Safety and Security
Regulations in Cameroon
The broker is not currently regulated by the Bank of Central African States (BEAC). However, Tickmill is well-regulated by several reputable market regulators in other countries.
Security while Trading
Tickmill is a well-regulated broker that offers some level of security to its users. It is regulated in one tier-1 and three tier-2 jurisdictions, making it a safe (average-risk) broker for trading forex and CFDs.
The broker is regulated by top-tier financial authorities, including the UK’s Financial Conduct Authority (FCA), which is a significant layer of safety. They also offer compensation in case of broker bankruptcy and negative balance protection, although terms apply to these protections.
Does Tickmill offer two-factor authentication?
Yes, two-factor authentication is available with Tickmill.
Is Tickmill’s trading platform secure?
Yes, Tickmill’s MetaTrader 4 and MetaTrader 5 platforms are well-known for their strong security features, which ensure a safe trading environment.
Awards and Recognition
According to Tickmill’s website, the company has been recognised for the following honours in recent years as a broker:
Best Partner Program Africa: The broker received this award at the Finance Magnates Africa Summit 2023, recognising its exceptional partner program in the African region.
Best Forex Spreads MEA: They were honoured with this award at the Ultimate Fintech Awards MEA 2023 for offering competitive forex spreads in the Middle East and Africa region.
#1 Broker for Commissions and Fees: The broker secured the top position in the ForexBrokers.com Annual Forex Broker Review, highlighting its competitive and transparent fee structure.
Best Forex Broker: Tickmill was recognised as the Best Forex Broker at the QualeBroker Awards 2023, affirming its excellence in providing top-quality Forex trading services.
Best Forex Spreads 2022: They received this award at the Ultimate Fintech Awards 2022 for their competitive and attractive spreads in the forex market.
Best Forex Customer Service: Tickmill’s commitment to exceptional customer service was acknowledged with this award at the Global Forex Awards 2022.
Best Forex Trading Experience: The broker received recognition for superior trading experience at the Global Forex Awards 2022, emphasising their user-friendly platforms and features.
Tickmill Account Types and Features
Pro Account
Tickmill’s flagship account for retail traders, the Tickmill Pro account, is highly recommended for Cameroon investors seeking competitive pricing, especially when trading specific forex pairs.
This account offers tighter spreads and boasts one of the industry’s lowest trading commissions, starting at just 2 USD per side per 1 lot traded.
| Account Features | Value |
| 💰 Minimum Deposit Requirement | 100 USD / 60,300 XAF |
| 📊 Average spreads | 0.0 pips |
| 💳 Commission charges | $2 per side per standard lot of 100,000 |
| 📱 Strategies Allowed | Scalping, hedging, expert advisors, algorithmic trading, auto trading, etc. |
| 🌐 Base Account Currency | USD EUR GBP PLN (Tickmill UK Ltd. and Tickmill Europe Ltd.) |
| 🚀 Maximum Leverage Ratio | Seychelles: 1:500 UK: 1:30 (Retail), 1:500 (Pro) Cyprus: 1:30 (Retail), 1:300 (Pro) Malaysia: 1:500 South Africa: 1:500 |
| 📈 Minimum Lots that can be traded | 0.01 lots |
| 🎉 Open an account | Open Account |
Classic Account
The Classic account is an ideal choice for entry-level investors in Cameroon. This account allows trading based on bid and ask prices without additional commissions, providing a straightforward trading experience.
| Account Features | Value |
| 💰 Minimum Deposit Requirement | 100 USD / 60,300 XAF |
| 📊 Average spreads | 1.6 pips |
| 💳 Commission charges | None |
| 📱 Strategies Allowed | Scalping, hedging, expert advisors, algorithmic trading, auto trading, etc. |
| 🌐 Base Account Currency | USD EUR GBP PLN (Tickmill UK Ltd. and Tickmill Europe Ltd.) |
| 🚀 Maximum Leverage Ratio | Seychelles: 1:500 UK: 1:30 (Retail), 1:500 (Pro) Cyprus: 1:30 (Retail), 1:300 (Pro) Malaysia: 1:500 South Africa: 1:500 |
| 📈 Minimum Lots that can be traded | 0.01 lots |
| 🎉 Open an account | Open Account |
VIP Account
The VIP account offers the most competitive pricing available from the broker. This account is highly recommended for professional investors, offering starting spreads as low as 0.0 pips on major forex pairs.
The trading commissions in the VIP account are even lower than the Pro account, starting at just 1 USD per side per 1 lot traded.
| Account Features | Value |
| 💰 Minimum Deposit Requirement | 50,000 USD / 30.1 million XAF |
| 📊 Average spreads | 0.0 pips |
| 💳 Commission charges | $1 per side per standard lot of 100,000 |
| 📱 Strategies Allowed | Scalping, hedging, expert advisors, algorithmic trading, auto trading, etc. |
| 🌐 Base Account Currency | USD EUR GBP PLN (Tickmill UK Ltd. and Tickmill Europe Ltd.) |
| 🚀 Maximum Leverage Ratio | Seychelles: 1:500 UK: 1:30 (Retail), 1:500 (Pro) Cyprus: 1:30 (Retail), 1:300 (Pro) Malaysia: 1:500 South Africa: 1:500 |
| 📈 Minimum Lots that can be traded | 0.01 lots |
| 🎉 Open an account | Open Account |
Demo Account
The demo account provides Cameroon traders multiple benefits, including comparing the broker’s product offerings and trading conditions with its competitors.
The demo account environment closely replicates that of live accounts, allowing new traders to practice their skills in a safe and risk-free manner.
Furthermore, the demo account is non-expiring, enabling traders to test the account types, pricing options, and various financial instruments without real risk.
Islamic Account
Muslim clients who open a Classic, Pro, or VIP account with the broker can convert their accounts to Islamic accounts, accessing the best trading conditions available.
Islamic trading accounts have identical terms and conditions to conventional accounts, except for the absence of swaps.
Once Customer Support staff processes the request for an Islamic account status, traders will receive an email confirmation. The trader’s future trading accounts will automatically be categorised as swap-free, eliminating the need for further contact with Tickmill.
However, holding certain complex instruments overnight for over three consecutive nights will incur a handling cost.
What types of accounts does Tickmill offer?
The broker provides three account types: Classic, Pro, and VIP, each with unique features and rewards.
Does Tickmill offer any risk management features on their accounts?
Yes, they offer negative balance protection to keep your account from turning negative.
How to open an Account
To register an account, Cameroonian traders can follow these easy steps:
Step 1 – Click on the “Open an Account” button.
Click on “Open an Account”, usually located on the homepage.
Step 2 – Fill in the form.
You will be directed to a new page where you must provide your personal information, such as your full name, email address, phone number, and country of residence.
Overall Rating
- 4.7/5
Min Deposit
100 USD / 59,837 XAF
Regulators
Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA
Trading Desk
MT4, MT5
Crypto
Yes
Total Pairs
60+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Tickmill Vs Pepperstone Vs RoboForex – Broker Comparison
| Tickmill | Pepperstone | RoboForex | |
| ⚖️ Regulation | Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA, DFSA | ASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB | IFSC |
| 📱 Trading Platform | MetaTrader 4 MetaTrader 5 Tickmill App | MetaTrader 4 MetaTrader 5 cTrader TradingView Myfxbook DupliTrade | MetaTrader 4 MetaTrader 5 cTrader R StocksTrader R MobileTrader |
| 💰 Withdrawal Fee | No | No | Yes |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | 100 USD / 60,300 XAF | 100 USD / 60,300 XAF | 10 USD / 6,030 XAF |
| 📈 Leverage | 1:500 | 1:400 | 1:2000 |
| 📊 Spread | Variable, from 0.0 pips | Variable, from 0.0 pips | 0.0 pips |
| 💰 Commissions | $1 per side per 100,000 traded | From AU$7 | $10 per million traded |
| ✴️ Margin Call/Stop-Out | 100%/30% | 90%/20% | Margin: 40% – 60% Stop-out: 10% – 40% |
| ✴️ Order Execution | Market | Market | Market |
| 💳 No-Deposit Bonus | Yes | No | Yes |
| 📊 Cent Accounts | No | No | No |
| 📈 Account Types | Pro Account Classic Account VIP Account | Standard Account Razor Account | RoboForex Prime Account RoboForex ECN Account RoboForex R StocksTrader Account RoboForex ProCent Account RoboForex Pro Account |
| ⚖️ BEAC Regulation | No | No | No |
| 💳 XAF Deposits | No | No | Yes |
| 📊 XAF Account | No | No | No |
| 👥 Customer Service Hours | 24/5 | 24/5 | 24/7 |
| 📊 Retail Investor Accounts | 3 | 2 | 5 |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 🎉 Open an account | Open Account | Open Account | Open Account |
Trading Platforms
Tickmill App
The Tickmill App allows traders to remain connected and in control while on the road by providing seamless account and fund administration. The app enables easy access to account features and functionality with rapid fingerprint or face recognition login.
Traders can easily deposit, withdraw, and check their accounts in real time while carefully monitoring their equity and balance.
Users can also use the app to handle their live trading accounts, including creating new accounts, managing paperwork, and contacting live chat support. The Tickmill App has a user-friendly design that makes account and fund administration easy and accessible from mobile devices.
MetaTrader 4
MetaTrader 4 (MT4) is a well-known and commonly used trading platform. It has established a reputation as the industry’s premier platform, distinguished by its dependability and popularity among dealers.
With an intuitive interface and user-friendly environment, MT4 delivers important tools and resources for effective online trading. Fast execution speeds, various charting tools, algorithmic trading capabilities, and comprehensive customisation choices are all available on the platform.
The broker offers the base version of MT4 with the opportunity to upgrade to more features for an additional fee.
While MT4 allows for extensive customisation, some users may feel the interface is outdated, and some functions may need more effort to discover. It accepts standard order types such as Market, Limit, Stop, and Trailing Stop.
MetaTrader 5
MetaTrader 5 (MT5) is the successor to MT4 and provides advanced traders with expanded features. MT5, released in 2010, is a strong platform noted for its enhanced back-testing capabilities for automated trading algorithms.
It has a built-in news feed, a market depth indicator, an economic calendar, and the ability to trade straight from charts. The broker only supports the regular version of MT5, with no access to further versions or functionality.
Nonetheless, the addition of MT5 enables Tickmill to expand its asset offering and meet the demands of experienced traders looking for sophisticated trading tools and capabilities.
Does Tickmill offer a web-based trading platform?
Yes, the broker offers web-based versions of the MetaTrader 4 and 5 platforms.
Are there any additional tools available on Tickmill’s trading platforms?
Yes, the platforms include additional features such as AutoChartist and an economic calendar.
Range of Markets
Cameroonian traders can expect the following range of markets:
Forex
Stock Indices
Energies
Precious Metals
Bonds
Cryptocurrencies
Can I trade commodities like gold and oil with Tickmill?
Yes, the broker allows you to trade precious metals and energy, such as gold and oil.
How many assets does Tickmill offer for trading in the Forex market?
They allow you to trade 62 different Forex pairs.
Broker Comparison for a Range of Markets
| Tickmill | Pepperstone | RoboForex | |
| ➡️️ Forex | Yes | Yes | Yes |
| ➡️️ Precious Metals | Yes | Yes | Yes |
| ➡️️ ETFs | No | No | No |
| ➡️️ CFDs | Yes | Yes | Yes |
| ➡️️ Indices | Yes | Yes | Yes |
| ➡️️ Stocks | Yes | Yes | Yes |
| ➡️️ Cryptocurrency | Yes | Yes | Yes |
| ➡️️ Options | No | No | No |
| ➡️️ Energies | Yes | Yes | Yes |
| ➡️️ Bonds | Yes | No | No |
Tickmill Trading and Non-Trading Fees
Spreads
The spreads that traders can expect vary depending on their trading strategy, trading account type, trading circumstances, and prevailing market conditions on any given day. Here are some common spreads that traders frequently encounter:
Pro Account – 0.0 pips
Classic Account – 1.6 pips
VIP Account – 0.0 pips
Commissions
The broker offers commission-free trading for its Classic Account, where the broker’s costs are incorporated into the marked-up spreads. However, commission fees are applicable for the following trading accounts:
Pro Account: $2 per side, per 100,000 (standard lot) traded
VIP Account: $1 per side, per 100,000 (standard lot) traded
Overnight Fees, Rollovers, or Swaps
Swap Rates and Overnight Interest
Forex traders must pay or receive overnight interest to keep a position open overnight, known as a swap. Cameroonian traders will pay interest on the currency they have sold and receive interest on the currency they have bought to maintain an open transaction.
Tickmill calculates swap rates based on the interest rates of the respective countries involved in the currency pair and the current market conditions.
Swap rates on Tickmill’s platform are executed at midnight EST according to the platform’s time. A standard lot size of 100,000 base currency units is used to calculate the swap rate for each currency pair.
When a position is held overnight, it receives a new “value date,” every Wednesday night, there is a threefold swap rate when the value date is shifted to Monday.
Deposit and Withdrawal Fees
The broker does not charge any deposit or withdrawal fees.
Inactivity Fees
Inactivity fees are not applied to dormant accounts.
Currency Conversion Fees
If Cameroonian traders deposit or withdraw in XAF, they could face currency conversion fees.
Does Tickmill charge currency conversion fees?
Yes, if you trade in a currency other than your account’s base currency, Tickmill may incur a currency conversion fee.
Are there any deposit or withdrawal fees with Tickmill?
No, Tickmill does not impose fees for deposits or withdrawals in general. However, third-party fees may apply.
Tickmill Deposits and Withdrawals
The broker offers Cameroonian traders the following deposit and withdrawal methods:
Bank Transfer
Crypto Payments
Debit Card
Credit Card
Skrill
Neteller
Dotpay
PayPal
Trustly
Sticpay
FasaPay
UnionPay
WebMoney
Sofort
Rapid (by Skrill)
Can I deposit a different currency than my account’s base currency?
Yes, you can deposit in other currencies; however, the broker may incur a currency translation fee.
Can I deposit and trade with Tickmill if I’m based in South Africa?
Yes, they accept deposits and trades from South Africa.
How to Deposit Funds
To deposit funds to an account, Cameroonian traders can follow these steps:
Step 1 – Sign in to your account.
Sign into the Client Area on the Tickmill website.
Step 2 – Go to the deposit section.
Access the funding and withdrawals section and select “Deposit.”
Step 3 – Choose a deposit method.
Choose a deposit method from the available options and specify the account to be funded.
Step 4 – Select a deposit currency.
Select the desired deposit currency and proceed with any additional steps the chosen payment provider requires.
Fund Withdrawal Process
To withdraw funds from an account, Cameroonian traders can follow these steps:
Step 1 – Log in to your account.
Log into the client area on the official Tickmill website.
Step 2 – Fill out the form.
Complete the withdrawal request form provided.
Step 3 – Submit your request.
Submit the request and await the release of funds into the designated bank account. Tickmill’s Finance Department processes all withdrawal requests within one working day. Requests received outside office hours, on weekends, or during holidays will be handled on the next working day.
Education and Research
They offer the following Educational Materials to Cameroonian traders:
Webinars
Seminars
eBooks
Video Tutorials
Infographics
Forex Glossary
Fundamental Analysis
Technical Analysis
Educational Articles
Market Insights
The broker also offers Cameroonian traders the following additional Research and Trading Tools:
Access to AutoChartist
Access to Myfxbook Copy Trading
Economic Calendar
Forex Calculators
Tickmill VPS
Pelican Trading
Advanced Trading Toolkit
Acuity Trading
Are Tickmill’s educational materials available in multiple languages?
Yes, the broker’s teaching resources are frequently available in several languages, allowing traders from various linguistic backgrounds to access them.
Is a demo account available for practising trading strategies with Tickmill’s educational resources?
Yes, they provide an unlimited demo account for traders to practice their methods and implement what they’ve learned from instructional resources.
Overall Rating
- 4.7/5
Min Deposit
100 USD / 59,837 XAF
Regulators
Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA
Trading Desk
MT4, MT5
Crypto
Yes
Total Pairs
60+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Bonuses and Promotions
The broker offers the following bonuses and promotions.
Trader of the Month
The broker recognises the achievements of its skilled clients and rewards the top-performing trader with a $1,000 prize. Each month, the best trader is chosen based on their profitability and money and risk management skills.
No additional registration is required to participate in this contest. Instead, traders can open a live account and showcase their exceptional trading skills to become the next Trader of the Month.
Welcome Account Bonus
New customers can register for a Welcome Account on the official website to receive a bonus. Upon registration, the bonus is automatically transferred to the trading account, allowing traders to use it for trading and potentially generate profits.
Some conditions apply to this bonus, including offering it once per client, a withdrawal limit for profits (minimum of $30 and maximum of $100), and prohibiting hedging.
Does Tickmill offer any bonuses or promotions to its traders in Cameroon?
Yes, the broker offers bonuses and promotions, such as the “Trader of the Month” bonus and the “Welcome Account Bonus.”
Are there any time limitations or expiration dates for the bonuses and promotions?
Yes, the bonuses and promos may include time limits or expiration dates. Therefore, traders should review the terms and conditions of each offer to ensure that they meet the requirements within the timeframe provided.
Affiliate Program Features
The broker offers various advantages to its partners through its affiliate program:
Referral Earnings: Partners can earn $10 for each regular account transaction and $2 for each Pro or VIP account transaction when referring a new client.
Additional Commission: If a partner recommends their referral to sign up for a Pro account, they can earn an additional 5% commission.
IB Room Access: All partners can access the IB Room, which provides comprehensive fund and account administration features.
Advertising and Promotional Materials: Tickmill provides pre-made advertising and promotional materials to assist partners in attracting new clients.
Are there additional bonuses available for Tickmill affiliates?
Yes, the broker often offers monthly bonuses to affiliates.
Does Tickmill charge withdrawal fees for affiliate commissions?
No, the broker does not normally impose withdrawal fees for affiliate commissions.
How to open an Affiliate Account
To register an Affiliate Account, Cameroonians can follow these steps:
Step 1 – Go to the Partnership tab.
Hover over the “Partnership” option on the webpage and choose “Introducing Broker.”
Step 2 – Click on the join option.
Review Tickmill’s affiliate program details and select the option to join.
Step 3 – Fill out the form.
Fill in the required fields on the application form, providing personal information and details about your skills.
Customer Support
| ⏰ Operating Hours | 24/5 |
| 👥 Support Languages | English, Malay, Polish, Indonesian, Arabic, Thai, Chinese, Vietnamese, Portuguese |
| 💬 Live Chat | Yes |
| 💻 Email Address | Yes |
| 📱 Telephonic Support | Yes |
| ✔️ The overall quality of Admirals Support | 3/5 |
Is Tickmill’s customer support available 24/5?
Customer service is usually available 24 hours a day, five days a week.
What types of inquiries can I contact Tickmill’s customer support for?
Customer support is available for various requests, including account-related problems, technical issues, trading assistance, and general questions regarding their services.
Verdict
Overall the platform stands out with its transparent fee schedules, variety of deposit and withdrawal methods, and commitment to providing a wealth of educational resources.
Tickmill’s offering of zero-pip spreads is a significant advantage, particularly for scalpers and algorithmic traders who can benefit from these tight spreads.
10 Best Forex Brokers in Cameroon
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Official Site
Pros and Cons
| ✔️ Pros | ❌ Cons |
| They are well-regulated and has several regional registrations. | The broker only offers a limited range of tradeable assets compared to other top forex brokers. |
| The broker offers ideal trading solutions for beginner and professional traders. | Pricing for Classic account is not as competitive. |
| There are several educational materials that traders can use. | |
| Experienced and professional traders can use several useful trading tools. | |
| There is an unlimited demo trading account available. | |
| The VIP account has extremely competitive pricing. |
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Frequently Asked Questions
What is Tickmill?
They are a global forex and CFDs trading platform offering competitive spreads and a variety of trading tools.
What are the deposit methods available on Tickmill?
The broker offers a variety of deposit methods, including bank transfers, credit cards, debit cards, and crypto payments.
How long does it take to withdraw from Tickmill?
Tickmill’s withdrawal time depends on the payment method used. It typically ranges from one business day for most payment methods to up to seven days for bank wire transfers.
What assets can I trade on Tickmill?
The broker offers a variety of assets to trade, including forex, commodities, indices, and CFDs.
Is Tickmill suitable for beginners?
Yes, with its comprehensive educational resources and user-friendly platform, they are suitable for both beginners and experienced traders.
Does Tickmill have VIX 75?
No, the broker does not currently offer Volatility 75 to traders.
Does Tickmill offer educational resources?
Yes, the broker provides various educational resources, including webinars, seminars, and detailed video tutorials.
Does Tickmill offer commission-free trading?
Yes, they offer commission-free trading on their Classic Account.
Does Tickmill charge deposit or withdrawal fees?
No, the broker does not charge any deposit or withdrawal fees.
Corporate Social Responsibility
At Tickmill, there is a strong belief in the power of Corporate Social Responsibility to impact society positively.
Through dedicated efforts and initiatives, Tickmill actively contributes to various CSR projects and endeavours. The company maintains a diverse CSR portfolio, benefiting communities globally and supporting social welfare and sports development individually.
Tickmill’s key CSR Initiatives include the following:
Does Tickmill engage in corporate social responsibility (CSR) initiatives?
Yes, the broker actively participates in various CSR initiatives, demonstrating its commitment to social welfare, sustainability, and community development.
How does the broker integrate environmental sustainability into its corporate practices?
They incorporate environmental sustainability into their corporate practices by adopting eco-friendly measures, reducing their carbon footprint, and supporting initiatives that promote environmental conservation.