Tickmill review

Tickmill Review

Overall, Tickmill is considered low-risk, with an overall Trust Score of 82 out of 100. Tickmill is licensed by one Tier-1 regulator (high trust), two Tier-2 Regulators (average trust), and two Tier-3 Regulators (low trust). Tickmill is currently not regulated by the CMA of Uganda. Tickmill is currently not regulated by the CMA of Uganda

Updated : July 7, 2022

Jump to:

Regulation and Safety of Funds

Account Types and Features

Account Registration

Trading Platforms

Range of Markets

Fees

Deposits and Withdrawals

Education and Research

Affiliate Program

Final Verdict

Pros and Cons

FAQ

Overall Rating

Min Deposit

USD 100 / 360,000 Ugandan Shilling

Regulators

CySEC, FCA, FSA, FSCA, Labuan FSA

Trading Desk

Meta Trader 4

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

on Tickmill’s website

Tickmill Overview

Tickmill Review Overview Uganda

 

👉 Tickmill offers three different retail trading accounts namely a Pro Account, Classic Account, and a VIP Account.

 

👉 Tickmill has been in business since 2015 and is based in the United Kingdom, with global offices and regulations. Tickmill aspires to provide its clients with a one-of-a-kind trading experience while respecting traders’ rights as a critical component of the deal.

 

👉 To that end, the firm constantly improves trading conditions. Tickmill is part of the Tickmill Group, which comprises many trade enterprises across the world.

 

👉 Tickmill is a well-respected, worldwide renowned broker that provides excellent trading conditions for professional and small-scale traders. Tickmill is amazing for EA trading and contains some of the greatest learning and research materials.

 

👉 This Tickmill review for Uganda will provide local retail traders with the details that they need to consider whether Tickmill is suited to their unique trading objectives and needs.

 

👉 Tickmill accepts Ugandan clients and has an average spread from 0.0 pips with commissions from $1 per standard lot traded. Tickmill has a maximum leverage ratio up to 1:500 and there is a demo and Islamic account available.

 

👉 MetaTrader 4 and MetaTrader 5 platforms are supported. Tickmill is headquartered in London, United Kingdom and regulated by Seychelles FSA, FCA, CySEC, Labuan FSA, and FSCA.

 

Tickmill Distribution of Traders

Tickmill Review Distribution of Traders Uganda

 

👉 Tickmill currently has the largest market share in these countries:

➡️️​ Poland – 14.9%

➡️️​ Vietnam – 9%

➡️️​ Thailand – 7%

➡️️​ Malaysia – 6.2%

➡️️​ Qatar – 5.5%

 

Popularity among traders who choose Tickmill

🥇 Tickmill does not yet have a big market share in Uganda, but it is a well-known broker across Africa, Europe, and Asia. Tickmill is now one of Uganda’s top 30 forex and CFD brokers.

 

 

Tickmill At a Glance

🏛 HeadquarteredLondon, United Kingdom
🏙 Local office in Kampala?No
✅ Accepts Uganda traders?Yes
🗓 Year Founded2015
📞 Uganda Office Contact NumberNone
🤳 Social Media Platforms• Facebook
• Twitter
• LinkedIn
• YouTube
• Instagram
• Telegram
⚖️ RegulationSeychelles FSA, FCA, CySEC, Labuan FSA, FSCA
🪪 License Number• Seychelles – SD008
• United Kingdom – 733772
• Cyprus – 278/15
• Labuan – MB/18/0028
• South Africa – FSP 49464
⚖️ CMA Uganda RegulationNo
🚫 Regional RestrictionsThe United States
☪️ Islamic AccountYes
💻 Demo AccountYes
🛍 Retail Investor Accounts3
📊 PAMM AccountsMAM Accounts
🤝 Liquidity ProvidersBarclays and other top-tier banks as well as hedge funds
💸 Affiliate ProgramYes
📲 Order ExecutionMarket
📊 Average spreadFrom 0.0 pips
📞 Margin Call100%
🛑 Stop-Out30%
✅ Crypto trading offered?No
💰 Offers a UGX Account?No
👨‍💻 Dedicated Uganda Account Manager?Yes
📊 Maximum Leverage1:500
🚫 Leverage Restrictions for Uganda?No
💰 Minimum Deposit 360,000 Ugandan Shilling equivalent to $100
✅ Uganda Shilling Deposits Allowed?No, only USD, GBP, EUR, IDR, CNY, VND, RUB
📊 Active Uganda Trader Stats100,000+
👥 Active Uganda-based Tickmill customersUnknown
💳 Uganda Daily Forex TurnoverUnknown, overall Forex Daily Trading Volume is over $6.6 Trillion
💵 Deposit and Withdrawal Options• Bank Transfer
• Debit Card
• Credit Card
• Skrill
• Neteller
• Sticpay
• Fasapay
• UnionPay
• Nganluong
• QIWI
• WebMoney
🏦 Segregated Accounts with Uganda Banks?No
📊 Trading Platforms• MetaTrader 4
• MetaTrader 5
✔️ Tradable Assets• Forex
• Stock Indices
• Energies
• Precious Metals
• Bonds
• Cryptocurrencies
💸 Offers USD/UGX currency pair?No
📈 USD/UGX Average SpreadN/A
📉 Offers Uganda Stocks and CFDsNone
🗣 Languages supported on WebsiteEnglish, Indonesian, Russian, Arabic, Italian, Thai, Vietnamese, German, Chinese (Simplified), Spanish, Polish, Korean, Malay, Portuguese
📞 Customer Support LanguagesMultilingual
⏰ Customer Service Hours24/5
👥 Customer Support LanguagesNo
✅ Bonuses and Promotions for Uganda tradersYes
📚 Education for Uganda beginner tradersYes
📱 Proprietary trading softwareNo
💰 Most Successful Ugandan TraderUnknown
✅ Is Tickmill a safe broker for Ugandan traders?Yes
📊 Rating for Tickmill Uganda9/10
🤝 Trust score for Tickmill Uganda81%
👉 Open an account👉 Open Account

Overall Rating

Min Deposit

USD 100 / 360,000 Ugandan Shilling

Regulators

CySEC, FCA, FSA, FSCA, Labuan FSA

Trading Desk

Meta Trader 4

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

on Tickmill’s website

Tickmill Regulation and Safety of Funds

Tickmill Review Regulation And Safety Uganda

 

Tickmill Regulation in Uganda

👉 Tickmill does not have licenses, regulations, or authorization from the Capital Markets Authority (CMA) in Uganda.

 

👉 However, Tickmill is well-regulated through its other entities in several other regions around the world, making Tickmill a reputable and trustworthy CFD and Forex broker.

 

Tickmill Global Regulations

👉 Tickmill Group is the umbrella company that consists of the following comprehensive list of licenses and regulations through different entities:

➡️ Tickmill UK Ltd. is based in London, United Kingdom and is regulated by the Financial Conduct Authority (FCA).

➡️ Tickmill Europe Ltd. is based in Limassol, Cyprus and is overseen and regulated by the Cyprus Securities and Exchange Commission (CySEC).

➡️Tickmill South Africa (Pty) Ltd. is headquartered in Cape Town, South Africa and is regulated by the Financial Sector Conduct Authority (FSCA).

➡️ Tickmill Ltd. is based in Mahe, Seychelles and is regulated by the Financial Services Authority (FSA) of Seychelles.

➡️ Tickmill Asia Ltd. is based in Labuan, Malaysia and is subsequently regulated by the Financial Services Authority of Labuan (LFSA).

 

Tickmill Client Fund Security and Safety Features

👉 Tickmill Europe Ltd. is an Investor Compensation Fund member (ICF). The ICF was established as an investor compensation fund for CIF clients according to Articles 59(1) and (2), associated with Law 144(I)/2007.

 

👉 Subsequently, all operations of these funds are governed by CySEC Directive 144-2007-15. The overall goal of the fund is to secure the claims of covered customers against ICF members. In addition, this is done by providing compensation for claims that directly result from a member’s failure to perform its responsibilities.

 

👉 Furthermore, traders must note that the European Securities and Markets Authority (ESMA) guidelines limit the Tickmill UK and European firms’ leverage to 1:30.

 

👉 In addition, Tickmill also adheres to the Markets in Financial Instruments (MiFID II) legislation of the European Union, which establishes a unified regulatory framework for the supply of investment services within the European Economic Area.

 

👉The primary goals of this directive are to maximize efficiency, boost transparency, promote competition, and provide enhanced consumer protection.

 

👉 MiFID II permits investment companies to provide investment and ancillary services inside the territory of another member state and/or a third country, provided that such activities fall within the scope of Tickmill’s authorization.

 

👉 Tickmill maintains customer funds in separate accounts at reputable financial institutions for security purposes and to guarantee that the funds cannot be used for other purposes, such as business operating expenses.

 

👉 Negative balance protection for Tickmill retail accounts ensures that clients cannot lose more than their original investment. If the Tickmill client risk team detects reckless trading, they reserve the right to contact the customer and request that they minimize their overall exposure to risk or reduce their account’s leverage.

 

Tickmill Awards and Recognition

👉 Tickmill forms a part of a group of companies positioned around the globe including:

➡️ Tickmill Ltd.

➡️ Tickmill UK Ltd.

➡️ Tickmill Europe Ltd.

➡️ Tickmill Asia Ltd.

➡️ Tickmill South Africa (Pty) Ltd.

 

👉 Each of these entities has won several awards in their regions for a variety of categories including, but not limited to superior trading conditions, excellent customer service, technology, and more. Some of the most recent awards won by Tickmill include:

➡️ In 2021, Tickmill was awarded the “Best Trading Conditions” award by FxScouts.

➡️ Tickmill won the “#1 Broker for Commissions and Fees” in 2021, issued by ForexBrokers.com.

➡️ Tickmill was named the “Best MENA Forex Broker” at the Cairo Virtual Expo in 2021.

➡️ Tickmill won the award for the “Best Customer Service” in 2021, issued at the Cairo Virtual Expo.

➡️ Tickmill was issued the “Best Forex Customer Service Globally” during the Global Forex Awards along with the “Best Forex Trading Experience” in Asia, and the “Best Forex Trading Experience” in MENA.

➡️ In addition, during the Cairo Investment Expo CIE4, Tickmill received the award for the “Best Trade Execution.” in 2021.

Tickmill Account Types and Features

Tickmill Review Account Types Uganda

 

👉 Tickmill offers three live trading accounts namely a Pro, Classic, and VIP Account. All three account types provide Namibian traders access to the full range of markets that can be traded with Tickmill, which includes CFDs, Forex, Stock Indices, Precious Metals, Bonds, Energies, and Crypto.

 

👉 In addition, Uganda traders also have access to a demo account that can be used to practise trading, test strategies, or test Tickmill’s trading environment risk-free. Tickmill also offers its Muslim clients an Islamic account conversion on the Pro, Classic, and VIP Accounts, ensuring that traders who follow Sharia are given access to halal trading conditions.

 

Tickmill Live Trading Account Details

Pro Account

Tickmill Review Pro Account Uganda

 

👉 The Pro Account provides traders with some of the best trading conditions available, including some of the lowest spreads, respectable maximum leverage, and minimal commission fees.

Account FeatureValue
💰 Minimum Deposit360,000 Ugandan Shillings or an equivalent to $100
💵 Minimum Account BalanceNone
💳 Base Currency OptionsUSD, EUR, and GBP
📊 Spreads From0.0 pips
📈 Maximum Leverage Ratio1:500
📉 Minimum Lots that can be traded0.01 lots
💸 Commission charges$2 per side per standard lot of 100,000
✔️ Strategies AllowedScalping, hedging, expert advisors, algorithmic trading, auto trading, etc.
☪️ Swap-Free Islamic Account OptionYes

 

Classic Account

Tickmill Classic Account Uganda

 

👉 Most retail traders will find that the Classic Account satisfies both their needs and their tastes. This sort of account provides its users with the following special trading conditions and features:

Account FeatureValue
💰 Minimum Deposit360,000 Ugandan Shillings or an equivalent to $100
💵 Minimum Account BalanceNone
💳 Base Currency OptionsUSD, EUR, and GBP
📊 Spreads From1.6 pips
📈 Maximum Leverage Ratio1:500
📉 Minimum Lots that can be traded0.01 lots
💸 Commission chargesNone
✔️ Strategies AllowedScalping, hedging, expert advisors, algorithmic trading, auto trading, etc.
☪️ Swap-Free Islamic Account OptionYes

 

VIP Account

Tickmill Review VIP Account Uganda

 

👉 Tickmill’s VIP Account has improved trading conditions as well as additional features. This type of account would be most beneficial to a professional trader, active trader, scalper, or high-frequency trader.

Account FeatureValue
💰 Minimum DepositNone
💵 Minimum Account Balance182,000,000 UGX Ugandan Shilling or an equivalent to $50,000

💳 Base Currency OptionsUSD, EUR, and GBP
📊 Spreads From0.0 pips
📈 Maximum Leverage Ratio1:500
📉 Minimum Lots that can be traded0.01 lots
💸 Commission charges$1 per side per standard lot of 100,000
✔️ Strategies AllowedScalping, hedging, expert advisors, algorithmic trading, auto trading, etc.
☪️ Swap-Free Islamic Account OptionYes

 

Tickmill Base Account Currencies

👉 Tickmill does not provide its users with the option to open a trading account that is denominated in Ugandan Shilling (UGX). The United States Dollar, the British Pound, and the Euro are the only currencies that may be used as base currencies across all five of Tickmill’s worldwide companies.

 

👉 Nevertheless, Tickmill UK Ltd. and Tickmill Europe Ltd. both allow PLN to be used across accounts as an extra currency.

 

👉 This is a source of frustration for Ugandans who have bank accounts denominated in UGX because most other overseas brokers provide clients with access to a wider variety of services.

 

👉 Conversion fees have the potential to significantly reduce a company’s profit margins while simultaneously driving up trading costs.

 

Tickmill Demo Account

Tickmill Review Demo Account Uganda

 

👉 Tickmill’s demo account allows traders to practise trading without risking their money by simulating real-time market conditions, testing tools and trading tactics, and honing their abilities.

 

👉 Tickmill’s trading platforms are completely functioning and include several unique tools and features that assist users in improving their overall trading abilities and expertise.

 

👉 Tickmill provides over 80 trading instruments, all of which may be traded without risking the trader’s cash using a demo account. Traders should keep in mind that the demo account is only available if they actively use it. A demo account that has been idle for more than seven days will expire, and traders will have to reapply. Traders can register a maximum of seven demo accounts using a single registered and confirmed email address.

 

Tickmill Islamic Account

Tickmill Review Islamic Account Uganda

 

👉 According to Tickmill, the interests of its clients are a priority and therefore, the broker strives to facilitate the trading needs and requirements of clients around the globe. Considering this, Tickmill offers Islamic accounts on the Pro, Classic, and VIP accounts which are compliant with Sharia law.

 

👉 A Forex Islamic account is also known as a swap-free account. This is since Islam prohibits swapping currencies and paying rollover interest on overnight holdings. Muslim traders can register any type of account with Tickmill, and the broker converts it to an Islamic type, ensuring that Muslim customers can benefit from the best trading conditions that Tickmill offers.

 

👉 The trading conditions and terms associated with Islamic accounts are identical to those associated with typical trading account types, with the exception that no swaps are debited/credited on trading instruments.

 

👉 However, to offset the absence of overnight fees, a handling charge does apply if multiple trading instruments are held overnight for more than three nights in a row.

How to open an Account with Tickmill in Uganda

Tickmill Review Account Regstration Uganda

 

👉 To register an account with Tickmill, Uganda traders can follow these steps:

➡️ Uganda traders must first submit an online application before opening an Individual Client Account.

➡️ Traders must provide contact information, as well as information about their jobs, finances, and other pertinent information.

➡️ Once the form has been filed, the traders must verify their email addresses and produce proof of residency as well as identity. Tickmill’s Know Your Client (KYC) protocols require this step, which cannot be skipped or avoided.

➡️ Tickmill’s customer service staff will assess the application and accompanying paperwork before traders may fund their accounts and begin trading.

Tickmill VS GO Markets VS Fidelity Investments – Broker Comparison

TickmillGO MarketsFidelity Investments
⚖️ RegulationSeychelles FSA, FCA, CySEC, Labuan FSA, FSCAASIC, FSA Seychelles, FSC Mauritius, CySECFINRA, SEC
📱 Trading Platform• MetaTrader 4
• MetaTrader 5
• MetaTrader 4
• MetaTrader 5
• Active Trader Pro
• Fidelity Mobile
💰 Withdrawal FeeNoNoneNo
📊 Demo AccountYesYesYes
📈 Minimum Deposit360,000 UGX581,496 UGX3,243 UGX

📈 Leverage1:500

Up to 1:500

1:1
📊 SpreadVariable, from 0.0 pipsFrom 0.0 pipsNone
💰 Commissions$1 per side per 100,000 tradedFrom US$2.50$0 to $0.03

✴️ Margin Call/Stop-Out100%/30%80%/50%

None
✴️ Order ExecutionMarketInstantNone
💳 No-Deposit BonusYesNoNo
📊 Cent AccountsNoNoNo
📈 Account Types• Pro Account
• Classic Account
• VIP Account
• Standard Account
• GO+ Account
• Brokerage Account
• Cash Management Account
• Brokerage and Cash Management
• The Fidelity Account for Businesses
• Fidelity Go, and several others
⚖️ CMA RegulationNoNoNo
💳 UGX DepositsNoNoNo
📊 UGX AccountNoNoNo
👥 Customer Service Hours24/524/524/7
📊 Retail Investor Accounts3215
☪️ Islamic AccountYesYesYes
💵 Minimum Trade Size0.01 lots0.01 lots0.01 lots
📈 Maximum Trade Size100 lots250 lots4x maintenance margin excess

Overall Rating

Min Deposit

USD 100 / 360,000 Ugandan Shilling

Regulators

CySEC, FCA, FSA, FSCA, Labuan FSA

Trading Desk

Meta Trader 4

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

on Tickmill’s website

Tickmill Trading Platforms

Tickmill Review Trading Fees Uganda

 

👉 Tickmill offers Uganda traders a choice between these trading platforms:

➡️ MetaTrader 4

➡️ MetaTrader 5

 

Desktop Platforms

Tickmill Review Desktop Platforms Uganda

 

➡️ MetaTrader 4

➡️ MetaTrader 5

 

👉 The MetaTrader 4 and 5 platforms are an ideal alternative for traders in Uganda because of their user-friendliness and their ability to be customized. Because it is easy to use and has a short learning curve, it is suitable for both inexperienced traders and more seasoned traders alike. It is available in a few different languages, and it incorporates a user manual directly within the software itself.

 

WebTrader Platforms

Tickmill Review WebTrader Platforms Uganda

 

➡️ MetaTrader 4

➡️ MetaTrader 5

 

👉 While using MetaTrader 4 or 5, it is not necessary to download any other program, install any other software, or operate any other software. The online trading platform known as WebTrader gives users access to both MT4 and 5.

 

👉 MT4 and MT5 features may be accessed, however rather than being supplied through a desktop program, they are accessed through a web-based interface.

 

👉 Simply opening a new tab or window in your web browser gives Namibian traders the ability to use the platform from any location in the world with an active internet connection.

 

👉 The internet platform encrypts all the data before it is delivered, so ensuring that the confidentiality of all customer information is maintained.

 

Trading App

Tickmill Review Trading App Uganda

 

➡️ MetaTrader 4

➡️ MetaTrader 5

 

👉 The mobile applications for MT4 and 5 provide users with access to some of the most innovative capabilities available to traders today.

 

👉 On the mobile app, you have access to most of the features that are available on the desktop version, including interactive charts, a full variety of order options, popular analytical tools, and more.

 

👉 Both MetaTrader 4 and MetaTrader 5 are available for download through the app shops that are specific to Android and iOS.

 

👉 Opening, managing, and closing positions, in addition to doing market analysis, are all possible with the assistance of these potent and all-encompassing applications. In addition, push alerts may be customized to alert Namibian traders of certain occurrences as soon as they take place.

 

Tickmill Range of Markets

👉 Uganda traders can expect the following range of markets from Tickmill:

➡️ Forex

➡️ Stock Indices

➡️ Energies

➡️ Precious Metals

➡️ Bonds

➡️ Cryptocurrencies

Broker Comparison for Range of Markets

Tickmill GO MarketsFidelity Investments
➡️️​ ForexYesYesNo
➡️️​ Precious MetalsYesYesNo
➡️️​ ETFsNoNoYes
➡️️​ CFDsYesYesNo
➡️️​ IndicesYesYesNo
➡️️​ StocksYesYesYes
➡️️​ CryptocurrencyYesNoNo
➡️️​ OptionsNoYesNo
➡️️​ EnergiesYesYesNo
➡️️​ BondsYesNoYes

Overall Rating

Min Deposit

USD 100 / 360,000 Ugandan Shilling

Regulators

CySEC, FCA, FSA, FSCA, Labuan FSA

Trading Desk

Meta Trader 4

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

on Tickmill’s website

Tickmill Trading and Non-Trading Fees

Tickmill Review Spreads Uganda

 

Spreads

👉 The sort of spreads traders might anticipate will differ dependent on their trading style. In addition, the trading account, trading circumstances, and the overall market conditions on the trading day will all play a part. Among the most typical spreads noticed by traders are the following:

➡️ Pro Account – 0.0 pips

➡️ Classic Account – 1.6 pips

➡️ VIP Account – 0.0 pips

 

Commissions

Tickmill Review Commissions Uganda

 

👉 Tickmill offers commission-free trading on the Classic Account, which has marked-up spreads to cover the broker’s fee for facilitating the trade. However, Tickmill charges commission fees for trading accounts in the following categories:

➡️ Pro Account – $2 per side, per 100,000 (standard lot) traded

➡️ VIP Account – $1 per side, per 100,000 (standard lot) traded

 

👉 In addition, Even though there are no overnight fees associated with the Islamic Account, there are still some commissions that must be paid when holdings are maintained overnight.

 

Overnight Fees, Rollovers, or Swaps

Tickmill Review Swaps Uganda

 

👉 Swaps are the overnight interest that traders must pay to keep an open position the next day in forex trading. In certain instances, however, traders can be credited when they keep positions open.

 

👉 To keep a position open overnight, Namibian traders must pay interest on the currency they sold and receive interest on the currency they purchased. The interest rates of the nations involved in a currency pair, as well as the current situation of the market, are used to calculate Tickmill’s swap rates.

 

👉 The swap prices are executed at midnight, according to the platform’s time. Every currency pair receives an exchange rate swap, which is computed using a standard lot of 100,000 base currency units.

 

👉 Because of the swaps, a trader’s position will be issued a new “value date” if it is left open overnight. When the exchange’s new value date is switched to Monday, there will be a triple swap rate every Wednesday night.

 

👉 The following are some typical nightly fees that can be expected from Tickmill:

➡️ EUR/USD – a long swap of -3.54 pips and a short swap of 0.39 pips

➡️ USD/JPY – a long swap of -1.21 pips and a short swap of -2.62 pips

➡️ GBP/USD – a long swap of -1.89 pips and a short swap of -3.44 pips

➡️ USD/CHF – a long swap of 0.39 pips and a short swap of -3.71 pips

➡️ USD/CAD – a long swap of -2.42 pips and a short swap of -1.84 pips

➡️ AUD/USD – a long swap of -1.96 pips and a short swap of -1.75 pips

➡️ NZD/USD – a long swap of -0.67 pips and a short swap of -1.96 pips

 

Deposit and Withdrawal Fees

👉 Tickmill does not charge any deposit or withdrawal fees on any of the available payment methods.

 

Inactivity Fees

👉 Inactivity fees are not charged by Tickmill when a trading account goes dormant.

 

Currency Conversion Fees

👉 Because Tickmill does not currently offer UGX as a default currency on either the Pro, Classic, or the VIP account, Ugandan traders will face currency conversion fees when they deposit or withdraw in any currency other than USD, EUR, GBP, or PLN.

Tickmill Deposits and Withdrawals

Tickmill Review Deposits And Withdrawals Uganda

 

👉 Tickmill offers the following deposit and withdrawal methods:

➡️ Bank Transfer

➡️ Debit Card

➡️ Credit Card

➡️ Skrill

➡️ Neteller

➡️ Sticpay

➡️ Fasapay

➡️ UnionPay

➡️ Nganluong

➡️ QIWI

➡️ WebMoney

 

How to Deposit Funds with Tickmill

Tickmill Review How To Deposit Funds Uganda

 

👉 To deposit funds to an account with Tickmill, Uganda traders can follow these steps:

➡️ Traders in Uganda may connect to their Client Area on the website

➡️ Traders can then select the funding option that best suits their needs

➡️ Traders can provide the amount that they wish to deposit, deposit currency, and proceed with any extra steps that are required by the payment provider

 

Tickmill Fund Withdrawal Process

Tickmill Review How To Withdraw Funds Uganda

 

👉 To withdraw funds from an account with Tickmill, Uganda traders can follow these steps:

➡️ By entering their client area on the official website, traders can access the withdrawal request form.

➡️ Traders can complete the withdrawal request form, submit it, and wait for their money to be remitted to their bank account once Tickmill has authorized it.

 

👉 All inquiries will be answered within one business day by the Tickmill Finance Department. Requests sent after hours, on weekends, or holidays will be addressed the next business day.

 

👉 Traders should keep in mind that they must the payment method that they used to fund their trading accounts. Furthermore, the trader can withdraw cash from their trading account even if they have any open positions.

 

👉 However, the trader’s free margin must be bigger than the amount requested when moving money from the trading account to the wallet to do this. Traders who do not have enough free margin in their accounts cannot transfer cash from their trading accounts to their wallets.

Tickmill Education and Research

Tickmill Review Education And Research Uganda

 

Education

👉 Tickmill offers the following Educational Materials:

➡️ Webinars

➡️ Seminars

➡️ eBooks

➡️ Video Tutorials

➡️ Infographics

➡️ Forex Glossary

➡️ Fundamental Analysis

➡️ Technical Analysis

➡️ Educational Articles

➡️ Market Insights

 

👉 Tickmill also offers Uganda 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

Tickmill Bonuses and Promotions

Tickmill Review Bonuses and Promotions Uganda

 

👉 Tickmill offers Uganda traders the following bonuses and promotions:

➡️ Trader of the Month Contest

➡️ Tickmill’s NFP Machine

➡️ $30 Welcome No-Deposit Bonus Account

➡️ The chance to get paid to trade

How to open an Affiliate Account with Tickmill

Tickmill Review Affiliate Program Uganda

 

👉 To register an Affiliate Account, Ugandans can follow these steps:

➡️ Traders can navigate to the Tickmill website according to their region under Seychelles, South Africa, United Kingdom, Malaysia, or Cyprus.

➡️ From the homepage, hover over the “Partnership” option and click on “Introducing Broker.”

➡️ Read through the information provided on Tickmill’s partnership and click on the option to register for the affiliate program.

➡️ Complete the application form by filling in the requested fields on personal information and expertise.

➡️ This will complete the registration for the Client Area registration on the Tickmill website.

➡️ Next, very the profile by uploading proof of identity and proof of address.

➡️ Enter the IB Room to activate the account and access the comprehensive materials offered by Tickmill to start attracting and referring clients.

 

Tickmill Affiliate Program Features

👉 Companies and individuals around the world utilize Introducing Brokers to introduce new customers to Tickmill. Tickmill pays commissions to all its partners and Introducing Brokers as a way of saying “thank you” for their continued support.

 

👉 It is free to sign up as an Introducing Broker, which is the easiest approach to enhance affiliate revenues.

 

👉Ugandans can make Tickmill trading more accessible to their clients by becoming Tickmill Partners.

 

👉 The following are some of the benefits that Tickmill provides to its partners:

➡️ Partners can earn $10 for each conventional account transaction and $2 for each Pro or VIP account trade when they refer a new customer.

➡️ Partners can earn an additional 5% commission on referrals who sign up for a Pro Account if the partner recommends that their referral do so.

➡️ IB room, advanced fund and account management capabilities are accessible to all partners.

➡️ Pre-made advertising and promotional materials are available to attract new clients.

 

Tickmill Customer Support

👉 Customer service is available through phone, email, and online chat from Monday through Friday during regular business hours. Support is available in multiple languages and the agents are prompt, helpful and friendly.

 

Tickmill Corporate Social Responsibility

👉 Tickmill believes that Corporate Societal Responsibility can facilitate greater social influence. Tickmill offers a wide portfolio of CSR projects that benefit global communities, as well as the social welfare of individuals and athletic talent.

 

👉 Among the most notable activities of Tickmill include a promise to the Gajusz Foundation for Terminally Ill Children and donations to the Bärenherz Children’s Hospice in Germany.

Verdict on Tickmill

👉 Tickmill is suitable for both novices and specialists in the field. Tickmill’s broker site allows traders to engage in serious forex trading for free. Tickmill’s instructional hub is ideal for everyone, and the clever tools, popular instruments, and technology allow for reasonable earnings.

 

👉 Tickmill’s trading interface is very customizable, which sets it apart from other brokers in the nation. By spending their funds, traders may configure the interface and engage in order execution with exceptional efficiency and precision.

 

👉 The mobile trading platform takes the required steps to allow CFD trading through other assets to safeguard the minimum balance of high-risk traders who tend to lose money while trading CFDs.

 

👉 While new tools, an improved interface, lower costs, and the inclusion of more assets to trade are all needed, Tickmill remains the best for trading, scalping, and capital investment in assets.

Tickmill Current Popularity Trends

👉 According to Google Trends, Tickmill has seen an increase in Google Searches in the past month. 

Tickmill Review Google Trends

Tickmill Pros and Cons

✔️ Pros❌ Cons
Tickmill is well-regulated in several regions including the UK, Cyprus, South Africa, Malaysia, and SeychellesUgandan traders cannot deposit in UGX without facing currency conversion fees
There are free demo accounts offered on all trading platformsThere is no dedicated UGX-denominated trading account
Inactivity fees, as well as deposit and withdrawal fees, are not chargedThere are admin fees charged on the Islamic account
There is great multilingual support offered 24/5
There are segregated client funds and Tickmill offers investor protection through ICF
Tickmill offers one commission-free trading account with competitive commissions
FIX API trading, VPS, AutoChartist, and several other tools are provided
Ugandan traders can choose from three dynamic account types

Overall Rating

Min Deposit

USD 100 / 360,000 Ugandan Shilling

Regulators

CySEC, FCA, FSA, FSCA, Labuan FSA

Trading Desk

Meta Trader 4

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

on Tickmill’s website

Frequently Asked Questions

Is Tickmill regulated?

Yes, Tickmill is regulated by CySEC (278/15), FCA (733772), FSCA (FSP 49464), LFSA (MB/18/0028), and FSA (SD008).

 

How do I create a Tickmill demo account?

You can visit the Tickmill website, complete the form for the demo account, download your platform of choice, connect to the demo server, and log into your account to start trading.

 

Does Tickmill offer Cent?

No, Tickmill does not currently have a Cent Account.

 

What is the withdrawal time for Tickmill?

The withdrawal time with Tickmill will vary from one working day on most payment methods up to 7 days on bank wire transfers.

 

Does Tickmill have Nasdaq?

Yes, Tickmill offers access to Nasdaq through USTEC, which can be traded as an index CFD with Tickmill.

 

Which Tickmill account is best?

Tickmill offers three accounts namely the Classic, Pro, and VIP Account. Each account is best for different traders according to their trading objectives, with the Pro Account being an extremely popular option among retail traders.

 

Does Tickmill have an app?

No, Tickmill does not have a proprietary trading app but offers both MetaTrader 4 and 5 on mobile devices with Android or iOS.

 

Does Tickmill have Volatility 75?

No, Volatility 75 (VIX) is not a part of the comprehensive product portfolio of Tickmill.

 

Is Tickmill safe or a scam?

With a high trust score of 82, Tickmill is a safe broker that is well regulated by Tier-1, Tier-2, and Tier-3 regulators.

Conclusion

👉 Now it is your turn to participate:

➡️ Do you have any prior experience with Tickmill?

➡️ What was the determining factor in your decision to engage with Tickmill?

➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?

➡️ Have you experienced any issues with Tickmill such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?

 

👉 Regardless, please share your thoughts in the comments below.

 

Addendum/Disclosure:

👉 No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.

10/10 - (1 vote)