FXPRIMUS Review and Detailled Analysis 2021
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FXPRIMUS Review and Detailled Analysis 2021

Home » FXPRIMUS Review and Detailled Analysis 2021

Founded in 2009, FXPRIMUS is an online trading broker with great emphasis put towards client safety and education whilst utilising new technologies to continue to try and improve their offering to traders.

In this detailed FXPRIMUS review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

FXPRIMUS Overview

FXPRIMUS was founded in 2009 and is a global online trading broker that offers over 120+ instruments to traders including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies & CFDs. They aim to provide one of the most secure trading environments in the industry with high standards set for responsible trading and safety of clients.

FXPRIMUS use cloud-based servers for worldwide connectivity, combining fast execution speeds, tight spreads from 0 pips and low latency, across a variety of flexible account types with personalised, multilingual support and access to free award-winning educational material. Their systems are encrypted with 128-bit keys to safekeep information that is transferred across and prevent third-party access. They have a global footprint with data centres in New York, London, Hong Kong, China and Singapore.

FXPRIMUS continuously look to improve security for clients and give them peace of mind by implementing the latest technologies and advanced safety mechanisms alongside the educational material provided. Clients are given the tools and resources that can help them make informed trading decisions. They believe that providing traders with the best possible academic, technical and practical support can help to give clients sustainable success whatever their level of experience.

With safety being of the upmost importance to them and the main principle of their operational activities, they were the first trading broker to offer supplementary protective measures to clients including new technologies based on advanced research and prevention of unnecessary risk through informed client education. In addition to this, they run strict tests of services with a risk management model to try and ensure that clients do not end up with a negative balance position.

FXPRIMUS have won numerous awards including Best Forex Broker Europe 2019 (FxDailyinfo Awards 2019), Best Forex Broker Asia 2019 (Global Brands Awards 2019) and Most Trusted Broker Asia 2018 (Global Brands Awards 2018).

FXPRIMUS Regulation

FXPRIMUS is the brand name used by Primus Global Ltd who are regulated by the Cyprus Securities and Exchange Commission (CySEC), Primus Markets INTL Limited who are regulated by the Vanuatu Financial Services Commission (VFSC) and Primus Africa (Pty) Ltd who are regulated by the South African Financial Sector Conduct Authority (FSCA). Regulation across multiple jurisdictions helps to give traders confidence that they are trading with a reputable and trustworthy broker that must uphold the highest of standards.

FXPRIMUS conduct regular financial and compliance audits that are externally authenticated to ensure independent, transparent and accurate review of the company finances.

Primus Global Ltd is operating in compliance with the Markets in Financial Instruments Directive (MiFID) which was established to give EU members a regulatory framework for protecting investors.

FXPRIMUS have partnered with Boudica Client Trust for third-party monitoring of client withdrawals to ensure requests are processed in a prompt and efficient manner.

FXPRIMUS is a member of the Investor Compensation Fund (ICF), thus eligible client’s funds are protected up to €20,000. In addition to this, they also have professional indemnity insurance of €2.5million via the Howden Group.

FXPRIMUS client funds are held in segregated bank accounts separate from the companies fund and therefore cannot be used for any other purpose such as running costs. They also offer accounts with negative balance protection.

FXPRIMUS Countries

FXPRIMUS accept clients from most countries excluding residents of certain countries/jurisdictions including, Australia, Belgium, Canada, France, Iran, Japan, North Korea, Singapore and USA.

Some FXPRIMUS broker features and products mentioned within this FXPRIMUS review may not be available to traders from specific countries due to legal restrictions.

FXPRIMUS Platforms

FXPRIMUS offer a selection of efficient, powerful and advanced trading platforms that are available on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). The different platform options provide quick and easy access to your trading account from anywhere in the world at any time of day. You can open, manage and close positions on the go in just a few clicks.

MetaTrader 4

MetaTrader 4 (MT4) is one of the most popular online trading platforms used by millions of traders around the world. It is the common choice for traders of all experience levels whilst being recognised for having an intuitive and friendly user interface, a vast collection of technical indicators for chart analysis, fully customisable features, multiple timeframes and automated trading capabilities.

FXPRIMUS offers trading instruments across multiple markets through MT4 including Forex, Commodities, Cryptocurrency & CFDs. MT4 is freely available in more than 30+ languages for desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). The MT4 web platform does not require any downloads.

Platinum API

FXPRIMUS offer clients direct market access (DMA) using an exclusive FIX Protocol for those who want a more customised experience with faster execution speeds. It is worth noting that access to the Platinum API does require minimum deposit of $50,000 although margin requirements on some instruments are as low as 1% through the API.

The Platinum API could benefit retail or institutional clients who have developed proprietary trading models, brokers hedging the exchange rates exposure of equity positions, customers who wish to keep their automated systems anonymous and other institutions that wish to diversify risk due to balance sheets or other factors.

VPS Service

FXPRIMUS offer a VPS (Virtual Private Server) through their data centres in London and New York. The VPS connects the MT4 platform to a server which can reduce latency between MT4 accounts and their servers, thus improving the chances of getting filled at better prices. The VPS is free if you have an FXPRIMUS trading account balance of at least $500 and trade 5 or more standard lots 30 days from activation.

FXPRIMUS Trading Tools

FXPRIMUS have a selection of market news and chart analysis tools to assist with your trading decisions and enhance the MT4 trading platforms. Trading tools are available to all traders with any portfolio size and trading experience. User guides and tutorial videos are included for each trading tool.

Connect

The connect tool gives clients access to the FXPRIMUS news feed within the MT4 platform to keep you up to date with the latest promotions the company is running.

Market Manager

The market manager tool lets you keep an eye on real time market rates and your trading positions without needing the have your trading platform open.

Mini Terminal

The mini terminal improves trading efficiency by allowing you to trade with one click, adjust lot size, set stop losses, take profits or trailing stops and more.

Sentiment Trader

The sentiment trader tool will show you the direction other FXPRIMUS traders are trading on each instrument. This is a useful tool for a contrarian trading strategy, if you go against the crowd.

Trade Terminal

The trade terminal is a fully customisable window through which you can trade 120+ instruments in just one click.

VIP Trading Signals

The VIP trading signals give access to trading signals with live notifications and alerts, including technical analysis for potential trade entry and exit points across different instruments. Clients that maintain an account of at least $10,000 qualify for a lifetime subscription of VIP trading signals that can be accessed from within the FXPRIMUS members area.

SMS Alerts

The SMS alerts feature can send you important market alerts direct to your mobile to make sure that you stay up to date with the latest market movements and do not miss any trading opportunities that you may be tracking.

Economic Calendar

The FXPRIMUS economic calendar lets you keep up to date with the latest market news from across the globe. It makes tracking news events easy without needing to access various websites and sources.

Trading Calculators

FXPRIMUS have a range of trading calculators that can help risk management when preparing for a trade. The trading calculators include a pip calculator, Fibonacci calculator, currency calculator and pivot calculator.

FXPRIMUS Education

FXPRIMUS have a team of experienced financial analysts that have compiled together a library of educational training videos, seminars and webinars. These provide insights and special reports to help increase your trading knowledge and skills, whilst helping with making informed trading decisions.

Educational Videos

There is a collection of informative educational videos on the FXPRIMUS website that includes a range of topics for beginner and advanced traders including trading psychology, trading platforms, technical analysis and more. These can be viewed to help improve your trading expertise.

FX Glossary

The FXPRIMUS website has a basic glossary of terms and definitions that can be used to help familiarise yourself with some of the most popular trading related terms.

Events

FXPRIMUS host global seminars and webinars to try and help educate traders of all experience levels. Registration and attendance is free and anyone who is interested in learning more about trading is welcome to attend.

VIP Service

The VIP service provides one on one personalised support with access to the FXPRIMUS trading signals. This service is available to clients who have an account balance of at least $10,000.

FXPRIMUS Instruments

FXPRIMUS have over 120+ trading instruments available across multiple markets including Forex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies & CFDs on some of the world’s largest companies such as Apple, Amazon, Google, Facebook and much more.

Forex

You can trade the world’s most liquid and popular market through FXPRIMUS. There is selection of minor, major and exotic FX currency pairs. Leverage will vary depending on your geo-location with leverage of up to 1:1000 available although EU clients are limited to 1:30 due to MiFID regulation.

Energies

FXPRIMUS offer a selection of energy instruments for trading with competitively low spreads, including oil and gas.

Indices

Traders can diversify their portfolio with the indices offered by FXPRIMUS including the S&P500 CFD, Nasdaq 100 CFD and Dow Jones CFD. An index is a statistical measure of changes in a portfolio of stocks representing a portion of the overall market. Index trading is for those with a keen eye for changes in a certain sector or a group of stocks.

Precious Metals

Trading precious metals can be a means of diversifying a trading portfolio. FXPRIMUS precious metals offered include the ever-popular gold and silver.

Cryptocurrency

FXPRIMUS offers the most popular cryptocurrencies for trading such as Bitcoin, Ethereum and Litecoin. Leverage of up to 1:5 is provided on Cryptos and they are available to trade 24 hours a day, 5 days a week.

FXPRIMUS Accounts & Fees

FXPRIMUS have a selection of account types suitable to different styles and needs of traders. There are 3 accounts to choose from, the variable account, ECN premium account and VIP account. They also provide demo accounts if you would like to test the trading platforms and conditions before opening a real account.

Standard Variable Account

The standard variable account requires a minimum deposit of $100 and is commission free. Spreads are variable depending on the market conditions and may be increased to cover costs. It comes with access to the FXPRIMUS educational resources, trading tools, daily market outlook, SMS alerts and one on one consultation.

ECN Premium Account

The ECN (Electronic Communication Network) premium account requires a minimum deposit of at least $500, has the tightest spreads starting from 0 pips and charges a competitive commission on trades of $5. An ECN acts as a bridge between clients and tier 1 liquidity providers. This account also comes with the same additional benefits as the standard account with access to some extras such as trading signals for qualifying clients.

VIP Account

The VIP account is the top specification trading account available at FXPRIMUS with the best trading conditions they offer and a minimum deposit requirement of $10,000. VIP account holders benefit from direct access to the in-house market analyst 24/5 with a free 30-minute consultation and a dedicated account manager who can provide a 60-minute MT4 training session. There are SMS alerts for immediate market updates, exclusive webinars and VIP trading signals that are updated 3 times per day.

Demo Account

If you would like to practice your trading skills and try out the FXPRIMUS service and platforms, they do provide a demo trading account.

As broker fees can vary and change, there may be additional fees that are not listed in this FXPRIMUS review. It is imperative to ensure that you check and understand all of the latest information before you open a FXPRIMUS broker account for online trading.

FXPRIMUS Support

FXPRIMUS have a skilled and experienced global customer service team who are on hand to offer you support 24/5 via online chat, telephone or email.

Customer support is available in multiple languages including English, Chinese, Vietnamese, Thai, Malaysian, Russian, Spanish, Portuguese, Arabic, Hungarian, Indonesian, Swedish, Czech & Farsi.

FXPRIMUS Deposit & Withdrawal

FXPRIMUS offer a huge range of funding and withdrawal methods including online payment processors such as Skrill and Neteller for fast and convenient transfers.

Some fees may be charged when using certain payment methods. Bank transfers may take a few business days to clear. Accounts can be opened in EUR, USD, GBP, SGD, PLN. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

FXPRIMUS Account Opening

The FXPRIMUS account opening process is quick and easy. There is a short online form to complete and you will need to verify your email. You will then need to upload a form of identification and proof of address. Once verified by the accounts team you will then be able to fund your account and start trading.

FXPRIMUS Summary

FXPRIMUS is a well-established online trading broker with great emphasis put towards client safety and education. They have over a decade’s worth of experience within the industry whilst utilising some new technologies to continue to try and improve their offering to traders.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62.09% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Read our full risk disclosure.

Tickmill Review

Tickmill is a multi-regulated online broker offering retail and institutional clients across the globe 80+ trading instruments. Spreads and commissions are competitive with flexible accounts. Tickmill also have multiple trading platforms and a vast selection of trading tools that are sufficient but educational material is perhaps lacking compared to other online brokers.

Table of Contents Fout! De hyperlinkverwijzing is ongeldig.

1 Tickmill Review, Pros & Cons

2 Tickmill Overview

3 Tickmill Regulation

4 Tickmill Countries

5 Tickmill Platforms

5.1 MetaTrader 4 (MT4)

5.2 Web Trader

5.3 Mobile App

5.4 FIX API

6 Tickmill Trading Tools

6.1 Autochartist

6.1.1 Autochartist Benefits

6.1.2 Technical Chart Patterns

6.1.3 Fibonacci Patterns

6.1.4 Volatility Analysis

6.1.5 Key Levels

6.1.6 Market Reports

6.1.7 Performance Statistics

6.2 Myfxbook AutoTrade

6.3 Economic Calendar

6.4 Trading Calculators

6.5 Tickmill VPS

6.6 One-Click Trading

7 Tickmill Education

8 Tickmill Instruments

8.1 Forex Trading

8.2 Stock Indices & WTI Trading

8.3 Precious Metals Trading

8.4 Bonds Trading

9 Tickmill Accounts & Fees

9.1 Classic Account

9.2 Pro Account

9.3 VIP Account

10 Tickmill Support

11 Tickmill Deposit & Withdrawal

12 Tickmill Account Opening

13 Tickmill Summary

Tickmill Review, Pros & Cons

  • Multi-regulated
  • Negative balance protection
  • Investor compensation fund
  • Segregated client funds
  • Commission free accounts
  • Autochartist
  • VPS
  • FIX API
  • No US clients
  • Restricted leverage for EU clients
  • No fixed spread accounts
  • Limited educational material
  • No cryptocurrencies

In this detailed Tickmill review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

Tickmill Overview

Tickmill is a regulated and award-winning online broker offering retail and institutional clients across the globe 80+ trading instruments in multiple markets including Forex, Commodities, Stocks, Shares, Indices, Metals, Energies, Bonds & CFDs.

Tickmill was founded in 2015 and built by an experienced team of global market traders who understand what traders require to reach their full potential. The team remain focused on growing the company whilst adhering to the best interest of its clients.

Tickmill incorporates innovative technology to provide premium trading conditions with low spreads starting from 0 pips, competitive commissions and fast execution speeds of 0.15 seconds on average. There are no requotes and a fully automated No Dealing Desk (NDD) execution model for absolute transparency.

Tickmill liquidity is provided from global, top-tier banks and hedge funds. 100% of orders are cleared with their liquidity providers using quotes directly from them. They allow all trading strategies including hedging, scalping and expert advisors.

Tickmill have won awards for their trading services including Top CFD Broker 2018 (FxDailyInfo.com Broker Awards), Most Trusted Broker in Europe 2017 (Global Brands Magazine) and Best Forex Trading Conditions 2017 (UK Forex Awards).

Tickmill Regulation

Tickmill is the trading name of 3 related companies within the Tickmill group, all of whom are regulated.

Tickmill UK Ltd is authorised and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. The FCA is an independent public body given statutory powers by the Financial Services and Markets Act 2000. It regulates the conduct of both retail and wholesale financial services firms in the UK. The regulator’s mission is to protect investors and ensure the financial markets operate with high standards and integrity.

Tickmill UK Ltd is a member of the Financial Services Compensation Scheme (FSCS). The FSCS is an independent compensation fund of last resort for customers of authorised UK financial services firms, set up under the Financial Services and Markets Act 2000. The FSCS’s objective is to pay compensation if a firm is unable or likely to be unable to pay claims against it in the event the firm has stopped trading or has declared to be in default.

Tickmill Ltd is regulated as a Securities Dealer by the Seychelles Financial Services Authority (FSA). The FSA was established under the Financial Services Authority Act 2013. The regulator’s key responsibilities include the licensing, supervision and development of non-bank financial services in Seychelles through a solid regulatory regime.

Tickmill Europe Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) as a CIF limited company. CySEC is the financial regulator of the Republic of Cyprus, established according to section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001. The purpose of CySEC is to safeguard investor protection and facilitate the sound development of the securities market through the exercise of efficient supervision

Tickmill Europe Ltd is a member of the Investor Compensation Fund (ICF). The ICF was set up according to Article 59(1) and (2) of Law 144(Ι)/2007 as an investor compensation fund for CIF clients and its functions are regulated by the directive 144-2007-15 of CySEC. The fund’s objective is to secure the claims of covered clients against the ICF members through the payment of compensation for any claims arising from the failure of a member of the fund to meet its obligations.

It should be noted that the Tickmill UK and European companies have restricted leverage of 1:30 due to the European Securities and Markets Authority (ESMA) rules. They also follow the European Union’s Markets in Financial Instruments (MiFID II) directive which provides a harmonised regulatory regime for the provision of investment services within the European Economic Area. The main objectives of this directive are to maximise the efficiency, increase transparency, encourage competition and offer greater consumer protection. MiFID II allows investment firms to provide investment and ancillary services within the territory of another member state and/or a third country, provided that such services are covered by the investment firm’s authorisation.

Tickmill holds client funds in segregated accounts with trusted financial institutions for protection and to ensure that the funds cannot be used for any other purpose such as business running costs.

Tickmill account holders have negative balance protection that ensures clients cannot lose more than their initial deposit. If the Tickmill client risk team identifies irresponsible trading, they may contact the client and ask them to reduce risk or they may reduce the leverage on the account.

Tickmill Countries

Tickmill accepts clients from all over the globe, excluding some countries due to regulatory restrictions such as the USA, Cuba, Iraq, Myanmar, North Korea and Sudan. Some Tickmill broker features and products mentioned within this Tickmill review may not be available to traders from specific countries due to legal restrictions.

Tickmill Platforms

Tickmill offer the most widely used and popular trading platform which is MetaTrader 4 (MT4). MT4 is freely available to use on desktop (Windows / Mac), web and mobile (iPhone / iPad / Android / Tablet). The mobile app is useful for those who wish to trade on the go whilst the web platform runs in most browsers without needing to install any software.

MetaTrader 4 (MT4)

The MT4 trading platform is fully customisable and very user friendly. It is easy to use with a small learning curve and thus is suitable for beginner traders whilst also having enough features for the more advanced traders. It is available in multiple languages and has built in user guides.

The enhanced charting functionality and sophisticated order management tools help traders to control positions quickly and efficiently. It includes 9 chart timeframes, technical indicators for chart analysis, drawing objects, real-time quotes, multiple order types, economic calendar, trading strategy templates and a built in MetaEditor for creating custom indicators and automated trading systems in the MQL programming language. The MQL online community is a useful resource for additional MT4 add-ons and to communicate with fellow users.

Web Trader

The web trader is an online trading platform that gives quick and easy access to MT4 without needing to download, install and run any additional software. It provides the same features as the MT4 platform but runs directly in your browser.

You can open a new browser window and have the platform running in just one click from anywhere in the world with an internet connection. All information transmitted via the online platform is securely encrypted.

Mobile App

MT4 is available to download on both Android and iOS from the relevant app stores. It also has the same features as the desktop platform with the convenience of being able to trade from the palm of your hands. You can open, manage and close positions, and analyse the markets. Push notifications can also be set to alert you when a particular event occurs.

FIX API

Tickmill do offer a FIX API connection to private and institutional clients who maintain a minimum account balance of $500,000. The monthly commission generated should be $5,000 to get the FIX API for free, otherwise the fee is $5,000 minus commission generated.

FIX API allows traders to trade with Direct Market Access (DMA) for the lowest possible spreads and fastest execution.

Tickmill Trading Tools

Tickmill provide a selection of useful trading tools to help improve your trading environment and strategies.

Autochartist

Autochartist is a powerful technical analysis tool that automatically scans the markets for you to find chart patterns and key price levels across multiple instruments. This award-winning tool can help find potential trading opportunities and is free to all Tickmill clients. It can be used as a standalone online web platform or as an MT4 plugin. There is an online community with an abundance of educational material for Autochartist.

Autochartist Benefits

  • Saves you time from analysing the markets as it does it for you
  • Can scan throughout the day and night
  • Receive alerts when an opportunity is found
  • Forecast for possible levels that formed patterns could reach
  • Fully customisable scanning according to your requirements
  • Wide range of educational materials to learn how to use it
  • Drag & drop quick launch directly into MT4
  • All opportunities displayed on one screen

Technical Chart Patterns

Receive automatic notifications when emerging and completed technical chart patterns are found.

Fibonacci Patterns

Identify simple and complex Fibonacci patterns for levels of possible support and resistance.

Volatility Analysis

View the volatility of different instruments to help asses risk and optimise potential stop loss and take profit levels.

Key Levels

Discover possible support and resistance levels for finding potential turning points and breakouts.

Market Reports

Get daily reports of the technical outlook of various markets prior to the opening of the London, New York & Tokyo trading sessions.

Performance Statistics

Analyse previous patterns statistics over a 6-month period to see which performed well and which did not.

Myfxbook AutoTrade

You can use this tool to link your account to follow the strategies of other traders in Myfxbook Autotrade. The signals you follow will be copied automatically and directly into your Tickmill account. You can review historical performance of signals and filter according to your requirements. It should be noted that past results are by no means any guarantee of future performance.

Economic Calendar

The economic calendar displays important economical events including the dates, time and impact expected. It also shows the previous, actual and forecasted results. You can change the time zone and filter according to your choice of impact and currency. This can be used as part of a fundamental analysis.

Trading Calculators

The trading calculators can be used to convert currencies, calculate margin and pips. This saves time from manually performing the calculations.

Tickmill VPS

Tickmill have partnered with BeeksFX to provide a virtual private server (VPS) that allows you to keep your trading platform running remotely 24/7. This can be useful for running expert advisors around the clock if it is not possible for you to always have your computer switched on. Tickmill clients receive 20% discount on all VPS packages.

One-Click Trading

The one-click trading (OCT) tool can increase the functionality of MT4 by enabling you to perform trade operations with a single mouse click from a quick trading panel on the chart.

Tickmill Education

Unfortunately, at this time Tickmill do not offer any additional educational material. The closest thing would be the FAQs and news sections of the website.

Tickmill Instruments

Tickmill offers traders a selection of trading instruments including CFDs on FX currency pairs, stock indices, crude oil, precious metals, bonds and more.

Forex Trading

Forex is the worlds largest market by volume and can be traded 24 hours a day, 5 days a week. Tickmill offer over 60+ FX currency pairs including majors such as the EURUSD, GBPUSD & USDJPY as well as minors and exotics.

Stock Indices & WTI Trading

Traders have access to trade CFDs on 15+ major global stock indices and crude oil with zero commissions, no requotes and no hidden mark-ups.

Precious Metals Trading

Precious metals are often considered as safe havens and a way to diversify a trading portfolio. Tickmill offer CFDs on gold and silver against the US dollar with competitive spreads.

Bonds Trading

The bonds market is one of the largest securities markets that allows investors to speculate on the stability of government treasuries. Through Tickmill, you can trade German government bonds with competitive spreads and no commissions.

Tickmill Accounts & Fees

Tickmill offer 3 account types which are the Classic, Pro and VIP. All accounts have over 84 trading instruments to trade including CFDs on over 60+ FX currency pairs, 15 stock indices, WTI, precious metals and bonds. The main difference between the accounts are the spreads, commissions and minimum deposit requirement. All accounts are also offered swap-free for Muslim traders who must comply with Sharia law.

Demo accounts are available to test the different trading platforms and conditions before opening a real account. Whilst demo trading conditions are mainly the same, no slippage occurs on the demo account.

Classic Account

The classic account has variable spreads starting from 1.6 pips and no commissions. The minimum deposit is $100, minimum lot size 0.01 and max leverage 1:500.

Pro Account

The pro account has variable spreads starting from just 0 pips and a low $2 commission charge per standard lot per side. The minimum deposit is $100, minimum lot size 0.01 and max leverage 1:500.

VIP Account

The VIP account has variable spreads starting from just 0 pips and an even lower $1 commission charge per standard lot per side. The minimum deposit is $50,000, minimum lot size 0.01 and max leverage 1:500. The stop and limit levels for VIP account users are zero.

As broker fees can vary and change, there may be additional fees that are not listed in this Tickmill review. It is imperative to ensure that you check and understand all of the latest information before you open a Tickmill broker account for online trading.

Tickmill Support

Customer support is provided via online chat, telephone and email, available Monday to Friday during business hours. Support is offered in English, Italian, Spanish, Russian, Chinese, Indonesian, Vietnamese and Arabic. The support team are usually prompt, efficient and polite with their responses.

Tickmill Deposit & Withdrawal

Tickmill offer a good variety of deposit and withdrawal methods including bank transfer, credit card and online payment processors. These can be conducted from within the client area.

Skrill, Neteller, FasaPay, UnionPay and credit card deposits are usually processed instantly while withdrawals are processed within one working day. Tickmill has a zero fees policy on deposits and withdrawals.

Withdrawals must be made via the same method used to deposit. Please note that some methods may only be available to specific countries.

Whilst Tickmill process all withdrawal requests within 24 hours on business days, the time necessary for the funds to reach your bank account can depend on the policies of your bank.

Bank withdrawals can take 3-7 working days to be seen on the client’s account. Credit/debit card withdrawals can take up to 8 working days to be seen on the client’s account.

Accounts can be opened in USD, EUR, GBP, PLN. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

Tickmill Account Opening

To register an individual client account, you need to fill in the online application form that they estimate takes 3 minutes to complete. Once submitted, you will need to verify your email address and submit your Proof of Address (POA) and Proof of Identity (POI) documents for KYC purposes. After the accounts team have verified your documents, you will be able to fund your account and start trading. If opening a corporate account, you will need to provide additional documents such as a certificate of incorporation and articles of association. Support are on hand to assist should you need them during the account opening process.

Tickmill Summary

Tickmill is a very sophisticated and simple online broker with a clean offering that is suitable for all levels of traders. The spreads and commissions are very competitive whilst the accounts are flexible enough to suit different trader needs. They have multi-jurisdiction regulation along with a very approachable support team. Advanced trading platforms and tools are provided but educational material is significantly lacking.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

 

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. All providers have a large percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

FXPRIMUS Review and Detailled Analysis 2021 Details

Comissions
Min Deposit
Restricted Countries
Regulation
trading-instrument
Broker Type
Leverage
Spread
5.0
Price & Leverage
5.0
Trading Options & Tools
5.0
Comisions & Payment options
5.0
Customer Support
5.0 Overall Rating
FXPRIMUS Review and Detailled Analysis 2021
5.0/5
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