Singapore Dollar Forex Trading Accounts
Tickmill Review
Tickmill stands out in Taiwan as a trusted forex broker that offers a safe trading environment for all traders. Tickmill offers two flexible retail account types to Taiwanese traders with zero-pip spreads and competitive commissions.
- Riaan Myburgh
Jump to:
Min Deposit
156.40 in TWD or $5
Regulators
Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA
Trading Desk
MetaTrader 4, MetaTrader 5
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
$2.00 commission per lot per trade plus spread cost
Account Activation Time
12-24 Hours
Overview
We found Tickmill, a prominent figure in the trading community, during our quest for a trustworthy broker. One thing that makes Tickmill stand out is its dedication to providing honest, high-quality trading services.
The fact that it is overseen by the FCA and the FSA of the Seychelles is an additional stamp of approval, boosting its legitimacy. Tickmill stands out from the competition because of its commitment to providing a seamless trading experience.
Its extensive list of trading platforms attracted us, including MT4, MT5, and CQG (for options and futures trading). We also like that Tickmill provides Direct Market Access (DMA) to the main futures exchanges in the US and Europe.
The trading conditions of Tickmill are also notable. There was no dealing desk, the execution was quick, and the spreads were competitive, beginning at 0.0 pips.
It was a relief to find that there were no requotes, and it was even better that all trading tactics were welcome. Tickmill is adaptable since it offers multiple account kinds to suit different traders’ needs, such as Classic, Raw, and Islamic accounts.
We were impressed by Tickmill’s offerings for Taiwanese traders. Traders can greatly benefit from the broker’s research tools, educational materials, and market insights. We also found that Tickmill is also a budget-friendly option because of its cheap forex and non-trading costs.
Furthermore, we believe that awards and accolades bestowed upon Tickmill are clear indicators of the high quality of its services.
Global Brands Magazine called it the Most Trusted Broker in Europe, while the UK Forex Awards awarded it Best Forex Execution Broker. Tickmill is a great choice for traders worldwide, not only in Taiwan, because of its extensive client base and global presence.
What educational resources does Tickmill offer?
Tickmill provides various educational materials, including webinars, eBooks, and video tutorials, which benefit novice and experienced traders.
Does Tickmill offer any unique trading tools?
Tickmill offers unique tools, such as AutoChartist, podcasts, and more, to enhance traders’ market analysis and trading strategies.
Tickmill Review at a Glance
| 👤IC Markets | ℹ️ Information |
| 📅Established Year | 2014 |
| 🏛Regulation and Licenses | Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA |
| 📈Ease of Use Rating | 4/5 |
| 💸Bonuses | Trader of the Month, Tickmill’s NFP Machine, $30 Welcome Bonus, IB Contest, Trade More, Get More |
| ⌚Support Hours | 24/5 |
| 💻Trading Platforms | MetaTrader 4, MetaTrader 5, CQG, Tickmill App |
| 🗂️Account Types | VIP Account, Classic Account, Pro Account |
| 💵Base Currencies | USD, EUR, GBP, PLN |
| 📈Spreads | From 0.0 pips on the Pro and VIP Accounts |
| ⬆Leverage | 1:500 |
| 💷Currency Pairs | 62, major, minor, and exotic pairs |
| 💳Minimum Deposit | 3,200 TWD ($100) |
| 💵Inactivity Fee | None |
| 🌐Website Languages | English, Indonesian, Russian, Arabic, Italian, Thai, Vietnamese, German, Chinese (Simplified), Spanish, Polish, Korean, Malay, Portuguese |
| 💰Fees and Commissions | Spreads from 0.0 pips, commissions from $1 per side, per lot |
| 👥Affiliate Program | ✅Yes |
| ❌Banned Countries | The United States |
| 📈Scalping | ✅Yes |
| 📌Hedging | ✅Yes |
| 🛢Trading Instruments | Forex, stock indices, energy indices, precious metals, bonds, cryptocurrencies, stocks, ETFs |
| 👉 Open Account | Open Account |
Tickmill Regulation and Safety of Funds
Tickmill’s Regulation in Taiwan
Tickmill is not regulated by Taiwan’s Financial Supervisory Commission (FSC). However, Tickmill’s global regulations are listed in the table below.
| 🔎Registered Entity | 🗾Country of Registration | 📇Registration Number | ⚖️Regulatory Entity | 🔢Tier | 🪪 License Number/Ref |
| Tickmill UK Ltd. | United Kingdom | 09592225 | FCA | 1 | 71720 |
| Tickmill Europe Ltd | Cyprus | 340249 | CySEC | 2 | 278/15 |
| Tickmill South Africa (Pty) Ltd. | South Africa | 2017/531268/07 | FSCA | 2 | FSP 49464 |
| Tickmill Ltd. | Seychelles | FSA | 3 | SD008 | |
| Tickmill Asia Ltd. | Labuan | LFSA | 3 | MB/18/0028 | |
| Tickmill UK Ltd. | Dubai | DFSA | 2 | F007663 |
| 👮 Security Measure | ℹ️ Information |
| Segregated Accounts | Yes |
| Compensation Fund Member | Yes, FSCS and ICF |
| Compensation Amount | FSCS – £85,000 CF – 20,000 EUR |
| SSL Certificate | No |
| 2FA (Where Applicable) | No |
| Privacy Policy in Place | Yes |
| Risk Warning Provided | Yes |
| Negative Balance Protection | Yes |
| Guaranteed Stop-Loss Orders | No |
Are there any countries where Tickmill is restricted?
Due to regulatory restrictions, Tickmill does not offer its services in countries like the United States, North Korea, and Iran.
Is Tickmill regulated in multiple jurisdictions?
Yes, Tickmill is regulated by several authorities, including the FCA, CySEC, FSA, LFSA, and FSCA.
Tickmill Awards and Recognition
While evaluating Tickmill, we went through the website to evaluate the broker’s history and which achievements have been won in the past few years. Here’s what we found in terms of awards that have been won:
Tickmill, a leading broker, has once again claimed the number 1 position in the Commissions & Fees category at the ForexBrokers.com 2024 Annual Awards. It is the fourth consecutive year that Tickmill has dominated this category, further solidifying its position in this highly competitive field.
On the 14th of September, 2023, the Global Forex Awards Retail 2023 awarded Tickmill for its Trading Experience and Customer Service. This is the second and third year in a row. The new awards, “Best Customer Service – Global” and “Best Trading Experience – Global,” are an important recognition of Tickmill’s hard work around two crucial pillars of its overall offering: customer service and trading conditions.
The “Best Customer Service—Global” award for the third consecutive year is a valuable recognition of the consistent, high-quality support provided by a dedicated team of professionals in over 15 languages.
The “Best Trading Experience Worldwide” is a reflection of Tickmill’s continuous results and commitment to offering premium products, services, and trading conditions. A performance that keeps on expanding with new products, new offers, and improvements in the overall service to its clients.
Tickmill Account Types and Features
With Tickmill, Taiwanese traders can choose between two main account types: the Classic and Raw Account. These accounts give traders access to hundreds of financial instruments, competitive trading conditions, and various features that can benefit their trading strategies.
Below, we discover the unique features of Taiwanese traders and look into the additional account options offered, including Demo and Islamic Accounts.
| 🔎Features | Raw Account | Standard Account |
| ➕➖Availability | All traders; ideal for professionals | All traders; ideal for beginners, casual traders, retail traders |
| 💻Markets | All | All |
| 💰Commissions | From $3 per side per standard lot | None; only the spread is charged |
| 🚉Platforms | All | All |
| 📊Trade Size | From 0.01 lots | From 0.01 lots |
| 📉Leverage | Forex: 1:1000 Indices: 1:100 Commodities: 1:100 Bonds: 1:100 Crypto: 1:200 Stocks: 1:20 | Forex: 1:1000 Indices: 1:100 Commodities: 1:100 Bonds: 1:100 Crypto: 1:200 Stocks: 1:20 |
| 💵Minimum Deposit | 3,200 TWD ($100) | 3,200 TWD ($100) |
Tickmill Raw Account
Taiwanese traders who value speed and low transaction fees will find Tickmill’s Raw Account an ideal solution.
The tight spreads, which begin at 0.0 pips, make this account type ideal for high-volume traders and scalpers. Its $1.5 commission per round turn lot is among the lowest in the business, making it an attractive option for busy traders.
This account is open to a large variety of traders due to its low $100 minimum deposit requirement. The Raw Account also allows traders to trade on either the Meta Trader 4 or Meta Trader 5 platform, giving them more flexibility.
One important thing to keep in mind is that this account doesn’t work with HKD. This can be a problem for traders from Taiwan who keep their money in the local currency.
Tickmill Classic Account
In contrast, traders can enjoy a commission-free, basic trading experience with Tickmill’s Classic Account. Classic Account spreads begin at 1.6 pips, making it an excellent choice for traders who do more volume with fewer trades.
We found that the upfront computation of trading costs is made easier by the lack of commission on trades. Classic Accounts are available to traders of all skill levels since, similar to the Raw Account, they demand just a $100 initial investment.
Additionally, traders may access both the MetaTrader 4 and MetaTrader 5 platforms and CQG with the Classic Account, so they can use the tools and features that suit their trading style.
However, we must mention that the Classic Account, much like the Raw Account, does not allow transactions or deposits made using TWD.
Tickmill Demo Account
Upon exploring Tickmill’s demo account, we found it a reliable platform for Taiwanese traders looking to improve their trading skills.
The demo account is easily accessible and completely free, making it an ideal choice for beginners or those interested in exploring Tickmill’s services without any initial financial commitment.
This platform offers a customizable virtual balance, allowing users to adjust their virtual funds according to their trading style and risk tolerance.
This flexibility is especially beneficial for Taiwanese traders who wish to represent their investment capabilities accurately through their virtual balance.
The demo account provided by Tickmill allows traders to practice without any time limitations. Traders can access the demo account for as long as they need to gain confidence in their strategies.
In addition, it offers access to a diverse selection of markets and assets, replicating the options found in live accounts.
These include over 180+ tradable markets such as Forex, stock indices, energies, precious metals, bonds, and cryptocurrencies. Using platforms such as MT4, MT5, and CQG helps users become familiar with the tools they will encounter in live trading.
The educational materials provided, such as video tutorials, are valuable resources for Taiwanese traders to learn and refine their trading knowledge.
In addition, users have the option to open up to 7 demo accounts using the same email address, which enables them to experiment with multiple trading strategies at the same time.
It’s important to note the distinctions between demo and live accounts, such as slippage, that should be considered when transitioning to real trading.
Although the verification process for switching to a live account is straightforward, it ensures a seamless transition when traders are prepared.
Tickmill Islamic Account
The Islamic Account offered by Tickmill is specifically designed to meet the specific needs of Muslim traders in Taiwan, guaranteeing that their trading activities comply with Sharia law.
The competitive qualities of Tickmill, such as tight spreads and the freedom to use various trading methods, including hedging, scalping, and expert advisors, are maintained with this account type.
The Islamic Account stands out due to its swap-free feature, ensuring no interest is charged on overnight positions. This aligns with Islamic principles that prohibit Riba.
Traders from Taiwan who choose this account will find that the trading terms and conditions align with Tickmill’s regular accounts. There is a significant difference regarding the imposition of an administrative fee.
This fee applies only if certain instruments are held overnight for over three nights. The fee structure is designed to prevent the account from incurring swap fees commonly associated with position rollovers to adhere to ethical trading standards.
Tickmill’s dedication to providing a swap-free trading environment, its focus on service excellence, and its diverse range of trading instruments make the Islamic Account a compelling choice for Taiwanese traders who value a broker that respects their religious beliefs and offers a strong trading platform.
Are there any account maintenance fees with Tickmill?
No, Tickmill does not charge any inactivity or account maintenance fees.
Does Tickmill have a Cent Account for Taiwanese traders?
No, Tickmill doesn’t offer traders a Cent Account. Tickmill only has a Classic and Raw Account option.
How To Open a Tickmill Account
Step 1 – Select Signup Account type
First, go to the Tickmill website. Once there, choose “Account Overview” after moving your cursor over the “Trading” option in the main toolbar. This will launch a page allowing you to contrast the features of different retail accounts.
- Click the green “New Account” banner under the account comparison part after reviewing the account options and choosing the one that best suits your trading style.
Step 2 – Fill in Personal Information
- Personal information will be requested of you during the first step in the registration process. Enter your phone number, email address, and Full name according to your government-issued identity documents.
Step 3 – Financial information and trading experience
You will then come upon a survey, which must be completed. This is a crucial stage since it enables Tickmill to better tailor their services to your demands by gaining insight into your trading skills and experience.
Step 4 – KYC and Documents
- Next, you must complete Tickmill’s KYC process. To verify your identification and home address, provide crisp copies of your government-issued ID and a current utility bill or bank statement.
Step 5 – Fund account
Having completed verification, it’s time to fund your account. Credit/debit cards, bank wire transfers, and online payment systems like Skrill and Neteller are among the deposit options available at Tickmill.
Next, download and install the trading platform of your choice from Tickmill’s website on your laptop or mobile device. Alternatively, use the Web-based trading platform to avoid downloads.
Lastly, log into the trading platform with your Tickmill credentials to start trading.
How can I open an account with Tickmill?
To open an account with Tickmill, you’ll need to visit their website and click on the “Open Account” button to begin the registration process.
Can I open a corporate account with Tickmill?
Yes, Tickmill offers the option to open a corporate trading account.
Broker Comparison
| 🔎Features | Tickmill | Exness | Alpari |
| 🏛️Regulation | Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA, DFSA | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA | IFSC |
| 📊Trading Platform | MetaTrader 4 MetaTrader 5 Tickmill App | MetaTrader 4 MetaTrader 5 Exness App Exness Terminal | MetaTrader 4 MetaTrader 5 Alpari Mobile App |
| 💵Withdrawal Fee | No | No | Yes |
| 💻Demo Account | Yes | Yes | Yes |
| 💴Min Deposit | 3,200 TWD ($100) | 323 TWD ($10) | 162 TWD ($5) |
| 📌 Leverage | 1:1000 | Unlimited | 1:1000 |
| ✏️Spread | Variable, from 0.0 pips | Variable, from 0.0 pips | From 0.4 pips |
| 💰Commissions | $1 per side per 100,000 traded | From $0.1 per side, per lot | $1.5 |
| 🤙Margin Call/Stop-Out | 100%/30% | 60%/0% | 60% to 120% 30% to 100% |
| 👉Order Execution | Market | Market | Instant and Market |
| ❌💵No-Deposit Bonus | Yes | No | No |
| 🛅Cent Accounts | No | Yes | No |
| 🗄️Account Types | Raw Account Classic Account | Standard Account Standard Cent Account Raw Spread Account Zero Account Pro Account | Standard Account Micro Account ECN Account Pro Account |
| ⚖️FSC Regulation | No | No | No |
| 💵TWD Deposits | No | No | No |
| 🗄️TWD Account | No | No | No |
| 🧑💻Customer Service Hours | 24/5 | 24/7 | 24/5 |
| 🏪Retail Investor Accounts | 2 | 5 | 4 |
| ☪️Islamic Account | Yes | Yes | Yes |
| 📉Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| 📈Maximum Trade Size | 100 lots | Unlimited | 250 lots |
| ⌚Minimum Withdrawal Time | 1 Business Day | 24 hours | Instant |
| ⌛Maximum Estimated Withdrawal Time | 2 to 7 Business Days | 3 days | 3 to 5 Business Days |
| ⏱️Instant Deposits and Instant Withdrawals? | Instant Deposits | No | Yes |
Tickmill Instruments & Products
When it comes to feature-rich trading platforms, Tickmill doesn’t disappoint. We found platforms that cater to all experience levels, trading styles, and strategies. Keep reading to discover the benefits and unique features available to Taiwanese traders through Tickmill’s platforms.
MetaTrader 4
Tickmill’s MetaTrader 4 (MT4) platform impressively integrates with Tickmill’s trading offerings, providing significant benefits for traders in Taiwan. The platform is equipped with a strong infrastructure that ensures lightning-fast execution times, with an average of just 0.20 seconds.
Executing quickly is essential for strategies that rely on timely market entries and exits. Tickmill’s commitment to no requotes ensures that trading strategies are executed efficiently, minimizing slippage and potentially enhancing profitability.
The platform also provides a depth of market (DOM) visibility, allowing traders to view real-time bid and ask prices. This capability is essential for assessing market liquidity and making informed trading decisions, a significant advantage in Taiwan’s dynamic trading environment.
In addition, Tickmill’s competitive spreads, starting as low as 0.0 pips on major currency pairs, make it a compelling choice for traders mindful of costs.
Furthermore, we found that the platform offers a wide range of charting tools and technical indicators, allowing Taiwanese traders to conduct thorough market analysis and develop complex trading strategies.
MetaTrader 5
Tickmill’s MetaTrader 5 (MT5) platform offers a range of additional features specifically designed to cater to the requirements of Taiwanese traders. This introduces a wider range of pending order types, providing more flexibility for executing complex trading strategies precisely.
The platform can support a wide range of trading instruments, such as stocks and commodities, which complements Tickmill’s diverse selection of assets. Taiwanese traders can now broaden their trading activities beyond the forex market.
During our testing, we really liked that including an economic calendar allows traders to access important economic updates within their trading environment conveniently.
In addition, the MT5 platform offers traders a comprehensive analysis toolkit with advanced charting capabilities. This includes 21 timeframes and over 80 technical indicators, allowing for detailed analysis.
While exploring the platform, we found that the combination of Tickmill’s narrow spreads and fast execution creates an environment that promotes well-informed, timely, and cost-effective trading decisions.
Tickmill Android and iOS App
The Tickmill mobile app is highly user-friendly and perfectly tailored for Taiwanese traders who are always on the go.
The app streamlines account and fund management, enabling direct deposits, withdrawals, and fund monitoring from a mobile device, making it convenient for efficient account management from anywhere.
The app’s robust security measures, including convenient fingerprint and facial recognition login, provide traders with confidence in protecting their funds and personal information.
Traders are kept informed and prepared to quickly respond to market dynamics with real-time alerts on trade executions and market changes. This is a crucial aspect of successful trading.
The app also offers multilingual live chat support, providing Taiwanese traders with immediate assistance from Tickmill’s dedicated multilingual team. This addition enhances the trading experience and ensures that traders can quickly get the help they need.
Tickmill Social Trading
The social trading platform offered by Tickmill presents Taiwanese traders with a valuable opportunity to benefit from skilled traders’ knowledge and experience.
The process of selecting and replicating the strategies of experienced traders is easy to navigate, making it particularly advantageous for beginners or those seeking to diversify their trading approaches without extensive market analysis.
The platform clearly displays strategy providers’ performance metrics, enabling traders to make informed decisions when choosing leaders to follow.
Additionally, traders can customize their risk management settings to control their trading risks. The platform’s community aspect fosters a collaborative environment, allowing Taiwanese traders to share insights and improve their trading skills.
CQG
During our investigation of the CQG platform through Tickmill, we discovered a highly advanced trading solution perfect for futures and options traders. The market data visualization and technical analysis tools offered by Tickmill are highly compatible with its trading conditions.
The depth of market (DOM) and the unique Hybrid Order Ticket (HOT) application greatly improve trading accuracy, which is crucial in the fast-paced futures and options markets.
The platform’s cloud infrastructure ensures dependable and fast order routing, which is essential for Taiwanese traders participating in global markets. The interface can be customized to suit the individual needs of traders, enhancing efficiency and productivity.
In addition, the platform provides a wide range of technical indicators, offering a complete analysis toolkit. This makes it a strong trading solution for Taiwanese traders who are interested in futures and options.
Can I trade on Tickmill using my iPhone?
Tickmill offers mobile trading through the MetaTrader 4 and MetaTrader 5 mobile apps. Furthermore, Tickmill also has a proprietary iOS and Android app.
Is Tickmill’s trading platform user-friendly for beginners?
Tickmill’s MetaTrader platforms are generally considered user-friendly and suitable for traders of all experience levels.
Tickmill Range of Markets
Here’s the range of markets that Taiwanese traders can expect when they start trading using a Tickmill live account.
Metals
Tickmill offers Taiwanese traders various metal instruments, including gold, silver, platinum, and palladium. This allows for greater diversification in their trading portfolio. Traders have the opportunity to enhance their potential returns by leveraging positions.
According to our research, Tickmill stands out with its precise pricing and quick execution, offering a valuable advantage when trading metals influenced by geopolitical tensions and economic changes. This can serve as a strategic hedge for Taiwanese portfolios.
Crypto CFDs
Tickmill offers a range of Crypto CFDs, allowing you to tap into the cryptocurrency market’s renowned volatility. Traders from Taiwan have access to a wide range of more than 60 digital assets, such as Bitcoin and Ethereum.
This well-crafted statement highlights the benefits of Tickmill’s trading platform. With leverage of up to 10:1 and straight-through processing execution, traders can navigate the crypto market with ease and accuracy. They can take advantage of the market’s 24/7 availability without the requirement of owning actual crypto assets.
Energies
Tickmill’s energy commodities provide Taiwanese traders access to the global energy markets. Trading strategies can be enhanced by competitive leverage and institutional spreads, particularly in the energy sector, which is sensitive to geopolitical and environmental factors.
Furthermore, we believe that day traders from Taiwan can take full advantage of Tickmill’s robust trading conditions, thanks to its 24-hour trading availability.
Share CFDs
Tickmill allows Taiwanese traders to trade Share CFDs, allowing them to speculate on global company stocks without the hassle of direct ownership.
Furthermore, traders can easily diversify their strategies and take advantage of market movements thanks to the platform’s competitive leverage and access to a wide range of stocks across various sectors.
This seamless trading experience is enhanced by integrating these instruments with advanced trading platforms like MT4 and MT5, providing the added security of negative balance protection.
Bonds
The bond market, which is often seen as a stable investment option, is now accessible to Taiwanese traders through Tickmill. The platform offers government and corporate bonds, providing competitive leverage and tight spreads.
This makes it an appealing choice for individuals seeking to diversify their investments with fixed-income instruments. The execution and pricing on Tickmill’s platform are reliable and transparent, making it a valuable choice for traders seeking to diversify their portfolios with bonds.
Index CFDs
Tickmill’s Index CFDs provide Taiwanese traders with access to global indices like the S&P 500 and NASDAQ, enabling them to speculate on broad market trends. These instruments have a competitive edge and offer low commissions, making them appealing to investors.
In our experience, they can also serve as a reliable indicator of overall market sentiment. Trading across multiple indices on a single platform like Tickmill can provide traders with a valuable advantage when it comes to accessing and capitalizing on global market dynamics.
Futures and Options
The derivatives market, with Tickmill’s futures and options, allows Taiwanese traders to speculate on future price movements and protect their positions.
Thanks to its competitive conditions and access to advanced tools, traders can confidently explore complex strategies and effectively manage risk on Tickmill’s platform.
We’ve found that this section of Tickmill’s offering highlights the broker’s dedication to delivering a complete trading environment.
Forex
Tickmill’s forex market access is a key feature of its offerings, providing Taiwanese traders with diverse currency pairs to trade. Tickmill’s reputation for fast execution, competitive leverage, and tight spreads are significant advantages.
In our experience, this powerful forex trading environment is crafted to assist traders in taking advantage of currency fluctuations and global economic events, making it an essential tool for those seeking to participate in the world’s largest financial market.
Tickmill Leverage and Margin
Our in-depth analysis of Tickmill’s services for Taiwanese traders focused on the broker’s leverage and margin regulations.
Tickmill is a versatile platform catering to traders looking for flexible trading conditions.
Our research method included thoroughly examining the broker’s website and client agreements, from which we gleaned vital information about their leverage and margin structures.
We discovered that Tickmill provides leverage as high as 1:1000 for certain trading instruments, dramatically increasing a trader’s market exposure.
This increased leverage is accessible for main forex pairs. However, it’s important to note that the available leverage will decrease when the account’s equity increases.
In our experience, this graduated leverage model is an important part of Tickmill’s risk management system, designed to match a trader’s financial resources and style.
Tickmill determines margin requirements as a percentage, which vary according to the transacted financial item.
Our analysis revealed that these margin needs are not static; they alter in response to market dynamics, potentially affecting a trader’s holdings, particularly during tumultuous market periods when margin calls are more common.
During our review, we also noticed Tickmill’s commitment to transparency in its trading practices. The technology provides real-time margin monitoring, enabling traders to manage their positions and avoid potential margin closures actively.
It was clear to us that Tickmill’s leverage and margin limits are designed to allow traders to grow their trading operations while also employing risk-management measures properly.
Overall, Tickmill’s leverage and margin regulations indicate a careful balance of competitive trading alternatives and prudent trading precautions.
Following our thorough examination, we recognized Tickmill’s clear and comprehensive information, enabling traders to make well-informed decisions consistent with their unique trading preferences and risk management techniques.
Can I trade bonds with Tickmill?
Yes, Tickmill offers trading in a selection of bonds.
Can I trade crypto CFDs using leverage with Tickmill?
Yes, you can trade crypto CFDs with Tickmill with a maximum leverage up to 1:200 on BTC/USD, ETH/USD, LTC/USD, and XRP/USD, with other cryptos capped at 1:20.
Tickmill Fees
As experienced reviewers, we consistently seek brokers with transparent fee schedules and the lowest possible fees for Taiwanese traders. When we got the chance to review Tickmill, we were pleased to find that Tickmill fit the bill perfectly.
Keep reading to see how Tickmill charges trading and non-trading fees, giving traders an idea of what they can expect when they sign up and start trading with this reputable, versatile broker.
Tickmill Spreads
We were highly impressed by Tickmill’s incredibly competitive spreads, particularly for Taiwanese traders who choose the Raw Account option. When trading major forex pairs such as EUR/USD, the spreads on the Raw account can be incredibly low, starting from 0.0 pips.
In comparison, the Classic Account offers spreads starting from 1.6 pips. Spreads on other asset classes, like stocks and commodities, naturally fluctuate depending on the specific instrument and market liquidity.
Tickmill Commissions
The commission structure at Tickmill varies depending on the selected account type. The Classic account is commission-free, while the Pro account incurs a small commission of $3 per side per 100,000 USD traded.
The Raw account provides the most cost-effective commissions for traders who analyze data and numbers extensively, leading to substantial savings.
Furthermore, traders from Taiwan should thoroughly evaluate their trading volume and style to identify the account type that offers the best cost-efficiency.
Tickmill Overnight Fees
In our experience as expert reviewers, Tickmill (much like other brokers) charges overnight fees for the positions that Taiwanese traders hold open after markets close.
Furthermore, we found that Tickmill’s swap rates can fluctuate based on the specific asset being traded, the direction of the trade (long or short), and the existing interest rate differentials.
Because these fees are easily forgotten, it is important for Taiwanese traders to regularly review Tickmill’s swap rate schedule, especially if they plan on holding leveraged positions for a long time.
We’ve found that these fees can substantially impact long-term trading strategies where positions are held for days, weeks, and months because they typically add up over time.
Tickmill Deposit and Withdrawal Fees
Tickmill is committed to providing a seamless experience when it comes to funding your account. Deposit fees are typically not charged for common methods such as bank transfers, credit/debit cards, and popular e-wallets.
Furthermore, another benefit we’ve found is that withdrawals made using these methods are also free of charge.
Nevertheless, we must warn Taiwanese traders that there could be charges for less popular methods or fees imposed by banks or payment providers.
Tickmill Inactivity Fees
A notable benefit of trading with Tickmill from Taiwan is that inactivity fees, according to the broker, are not charged on inactive accounts. This allows traders to follow long- and short-term trading strategies without the risk of such non-trading fees affecting profits.
Tickmill Currency Conversion Fees
Tickmill charges a fee for currency conversion when traders buy assets in a currency that is not the same as their account’s base currency.
This fee represents a modest fraction of the exchange rate. It is important for Taiwanese traders who often participate in cross-currency trading to know the fees involved, as they can impact competitiveness.
Because Tickmill doesn’t offer a TWD-denominated account, Taiwanese traders are at risk of paying such non-trading fees.
What are Tickmill’s trading fees?
Tickmill offers variable spreads and commissions depending on the account type.
Does Tickmill charge overnight fees?
Yes, Tickmill charges overnight fees, also known as swap fees, for positions held overnight.
Tickmill Deposit & Withdrawal Options
| 💰Payment Method | 🗾 Country | 💱Currencies Accepted | ⏰Processing Time |
| Bank Transfer | All | USD, EUR, GBP, ZAR | 1 – 7 days |
| Crypto Payments | All | EUR, USD, GBP | Instant – 1 day |
| Credit/Debit Card | All | USD, EUR, GBP | Instant – 1 day |
| Skrill | All | USD, EUR, GBP | Instant – 1 day |
| Neteller | All | USD, EUR, GBP | Instant – 1 day |
| SticPay | All | USD, EUR, GBP | Instant – 1 day |
| FasaPay | All | USD, IDR | Instant – 1 day |
| China UnionPay | All | CNY | Instant – 1 day |
| WebMoney | All | USD, EUR | Instant – 1 day |
Tickmill Deposits
How to Deposit using Bank Wire Step by Step
Access your Tickmill Client Area and go to the ‘Deposit’ section.
Choose ‘Bank Transfer’ as your preferred deposit method.
Complete the deposit form by providing all the necessary information, such as the amount and currency (USD, EUR, GBP, or ZAR).
You will be provided with Tickmill’s bank details for the transfer initiation from your bank account.
Go to your bank (online, app, or in-person) and ask them to transfer the funds to the provided Tickmill bank details.
Keep a record of the transaction receipt or proof of transfer provided by your bank. Then, please upload the proof of transfer to your client area if it is necessary for faster processing.
Your trading account will be credited with the funds within 1 to 7 days after the transfer is made.
How to Deposit using Credit or Debit Card Step by Step
Navigate to your Tickmill Client Area and choose the ‘Deposit’ option from the menu.
Select ‘Credit/Debit Card’ from the available deposit options.
Provide your card details, including the card number, expiration date, CVV code, and deposit amount in USD, EUR, or GBP.
Then, please confirm the transaction, which may require an extra security verification step, such as receiving a one-time password on your phone.
Your deposit will be processed promptly and should be reflected in your trading account without delay, typically within 24 hours.
How to Deposit using Cryptocurrency Step by Step
Access your Tickmill Client Area and select the ‘Deposit’ option.
Select ‘Crypto Payments’ as your preferred deposit method.
Choose the cryptocurrency you want to use (EUR, USD, GBP) and input the deposit amount.
Tickmill will give you a special wallet address to which to send your cryptocurrency.
Use your personal crypto wallet to transfer the funds to the given Tickmill wallet address.
Confirm the transaction within your crypto wallet. Your trading account will be credited with the deposit either instantly or within 1 day.
How to Deposit using e-Wallets or Payment Gateways Step by Step
Access your Tickmill Client Area and navigate to the ‘Deposit’ section.
Choose your preferred e-wallet or payment gateway from the available options: Skrill, Neteller, SticPay, FasaPay, China UnionPay, or WebMoney.
Specify the desired deposit amount in the appropriate currency (USD, EUR, GBP, IDR, or CNY).
You will be directed to the e-Wallet website or payment gateway to log in and verify the payment. Follow the prompts to complete the transaction successfully.
Once confirmed, the deposit will be processed and should be available in your trading account immediately or within 24 hours.
Tickmill Withdrawals
How to Withdraw using Bank Wire Step by Step
Access your Tickmill Client Area and choose the ‘Withdrawal’ option.
Select ‘Bank Transfer’ as your preferred withdrawal method.
Complete the withdrawal request form with your bank information and the desired amount in the appropriate currency.
Submit the withdrawal request. Tickmill will process the withdrawal and transfer the funds to your bank account within 1 to 7 days.
How to Withdraw using Credit or Debit Cards Step by Step
Go to the ‘Withdrawal’ section in your Tickmill Client Area.
Choose the ‘Credit/Debit Card’ option for your withdrawal method.
Provide all the necessary details, including the desired withdrawal amount in the accepted currency.
Verify the withdrawal information. The funds will be transferred to the card used for depositing and are expected to arrive within 1 to 5 days, depending on the processing times of the card issuer.
How to Withdraw using Cryptocurrency Step by Step
Access your Tickmill Client Area and navigate to the ‘Withdrawal’ page.
Choose ‘Crypto Payments’ as your preferred withdrawal option.
Provide the amount you wish to withdraw and the cryptocurrency you prefer to receive the funds.
Provide your personal crypto wallet address for the withdrawal.
Confirm the withdrawal request. Tickmill will process the transaction, and the funds should be deposited into your crypto wallet promptly, typically within 24 hours.
How to Withdraw using e-Wallets or Payment Gateways Step by Step
Go to the ‘Withdrawal’ section in your Tickmill Client Area.
Select your preferred e-wallet or payment gateway for withdrawing funds. Options include Skrill, Neteller, SticPay, FasaPay, China UnionPay, or WebMoney.
Provide the amount you wish to withdraw and the necessary information for your e-wallet or payment gateway account.
Submit your withdrawal request. Tickmill will process your funds and should be credited to your e-wallet or payment gateway account instantly or within 1 day.
Is there a minimum withdrawal amount with Tickmill?
Tickmill typically does not specify a minimum withdrawal amount, but there may be minimums set by the payment method.
Does Tickmill charge any fees for making the minimum deposit?
No. Tickmill does not typically charge deposit fees, but third-party payment providers may have their own fees.
Tickmill Educational Resources
Not only does Tickmill cater to all experience levels with its trading accounts, platforms, and trading solutions, but the broker also offers a wealth of tools and information that help beginners, experienced, and professional traders excel in volatile markets, refine their strategies, and more.
Market Insights and eBooks
Tickmill provides various educational and analytical resources designed specifically for Taiwanese traders.
We found that this offers a diverse range of market insights and eBooks that offer current analyses and comprehensive coverage on various topics, ranging from basic trading concepts to advanced strategies.
These resources are extremely valuable for traders looking to improve their understanding of the markets and fine-tune their trading techniques.
Market Sentiment
Furthermore, Tickmill’s Market Sentiment tool proves to be an invaluable resource for traders as it provides valuable insights into the overall sentiment of market participants. This tool compiles and presents trader positioning data, allowing users to determine the prevailing market sentiment.
We found that this information is highly valuable for Taiwanese traders who are looking to make strategic trading decisions. It can be a powerful addition to other analytical tools in their arsenal.
Bright Minds Podcast
Tickmill also connects with its audience through the Bright Minds Podcast, offering expert trading insights and discussions on a range of market-related topics in a convenient audio format.
We believe this is perfect for traders who enjoy learning through audio and need a convenient way to access information while on the go. It’s an excellent tool for busy traders.
Market Analysis on Reddit
Tickmill actively engages with users on social media platforms like Reddit, providing educational resources and valuable market analysis through discussions.
This interaction keeps Taiwanese traders updated on the latest trends and market shifts. It enables them to connect with a global community of traders, providing a wider perspective and deeper understanding of market dynamics.
eBooks
Tickmill offers a wide range of eBooks catering to all forex trading knowledge levels, from the fundamentals to advanced strategies and risk management techniques.
Our exploration of this section shows that these eBooks are created to cater to traders of all levels, assisting them in developing a strong foundation of knowledge or enhancing their current trading strategies.
AutoChartist
Tickmill’s AutoChartist tool is an impressive addition to their services, offering automated alerts for potential trading opportunities identified through chart pattern recognition.
This tool is particularly beneficial for traders who may not have the luxury of monitoring the markets constantly. It enables them to seize opportunities promptly and make the most of them.
The T-Show
The T-Show, Tickmill’s web series, provides educational content in a dynamic video format, showcasing expert guests and discussing various trading-related subjects.
We found that this format is especially attractive to Taiwanese traders seeking engaging and informative content on trading concepts and market updates.
Webinars and Seminars
Tickmill also offers interactive webinars and in-person seminars, allowing traders to gain knowledge from seasoned market professionals.
Our first-hand exploration of these sessions covers a diverse array of topics. It provides the opportunity for real-time interaction, which is extremely valuable for acquiring fresh insights and strategies.
Infographics and educational articles
Tickmill’s infographics and educational articles provide helpful visual and textual learning aids that simplify complex trading concepts for easy understanding.
These resources are particularly valuable for individuals who prefer visual aids and are just starting out in trading. They offer straightforward and concise information that improves comprehension and the implementation of trading strategies.
Forex Glossary and Calculators
Forex Glossary and suite of Forex Calculators are indispensable tools for Taiwanese traders.
They provide a comprehensive understanding of crucial trading terms and enable accurate calculations of essential trading parameters such as margin and pip values. These tools are designed to assist with making well-informed and accurate trading decisions.
Fundamental and Technical Analysis
Tickmill provides a wide range of fundamental and technical analysis resources to ensure traders stay up-to-date with the latest economic factors and market trends.
We found that these resources are regularly updated and essential for making well-informed trading decisions based on the current market conditions.
Video Tutorials
The video tutorials provided by Tickmill are a valuable educational resource, covering a wide range of topics, from navigating the platform to mastering advanced trading techniques. These tutorials are especially helpful for traders who prefer to learn through visual aids.
Capitalise.ai
We found that Capitalise.ai is a cutting-edge tool from Tickmill that empowers traders to automate their strategies using simple and intuitive commands.
This is especially advantageous for individuals who do not possess programming skills, allowing for effective implementation and management of strategies.
Economic Calendar and VPS
The Economic Calendar and Tickmill VPS are additional features that traders can benefit from. They offer important updates on economic events and improve trading execution capabilities by reducing latency.
Additional Resources
Tickmill’s Traders Club, Advanced Trading Toolkit, Acuity Trading, and Earnings Calendar offer specialized assistance and advanced tools for Taiwanese traders, improving their trading experience and effectiveness.
What educational resources does Tickmill offer to traders in Ghana?
Tickmill provides a range of educational materials, including webinars, seminars, eBooks, video tutorials, infographics, forex glossaries, fundamental and technical analysis resources, educational articles, and market insights.
How can I stay updated with Tickmill’s latest educational materials and market insights?
To stay updated with Tickmill’s latest educational materials and market insights, you can regularly check their official website and subscribe to their newsletters or updates.
Tickmill Bonuses and Promotions
Tickmill is extremely popular because of its 30 USD no-deposit bonus. Furthermore, the broker also offers other incentives that encourage active trading. Join us as we delve into the bonuses that Taiwanese traders can use to boost their trading capital and gain more market exposure.
$30 Welcome Account
One of the best bonuses for new traders from Taiwan is the $30 Welcome Account, according to our evaluation of Tickmill’s promotional offers. Traders may test out Tickmill’s trading platform without committing front thanks to this incentive, which doesn’t need an initial investment.
After traders register and complete the verification process, the $30 bonus will be automatically added to their account. This setup allows traders to begin trading immediately, which is great for testing strategies and getting to know Tickmill’s features.
To keep things fair and prevent abuse, this bonus includes some terms and restrictions, particularly with regard to withdrawing profits. For traders looking to get their feet wet in the market without any risk, Tickmill’s $30 Welcome Account is a great place to start.
Trader of The Month
Tickmill’s Trader of the Month bonus is a further intriguing perk recognizing and rewarding the company’s top traders. A trader from any place, including Taiwan, is picked every month to receive $1,000 based on their performance, strategy, and profits.
We found that this program encourages traders to do their best and promotes friendly rivalry among Tickmill members. Ensuring fairness for traders of all levels, the criteria for selecting the Trader of the Month are straightforward and fair, emphasizing profit, risk management, and consistency.
We believe that this bonus clearly indicates Tickmill’s dedication to fostering talent within its trading community.
Tickmill’s NFP Machine
An unusual yet intriguing challenge is Tickmill’s NFP Machine contest, which asks traders to forecast the value of a certain asset thirty minutes following the release of the monthly economic statement known as the Non-Farm Payroll.
Each trader makes a forecast, and the winner is the one whose forecast comes closest to the market value. This is a great chance for Taiwanese traders to show off their market research chops and potentially win some serious cash.
We believe that by bringing together major market events with chances for participation and acknowledgment, Tickmill’s NFP Machine showcases its novel approach to engaging traders.
Trade More, Get More
Furthermore, traders can earn prizes according to their trading volume through the Trade More, Get More program. Traders accumulate points that can be redeemed for cash or trading services as their market activity increases.
Regular traders from Taiwan stand to gain the most from this promotion, as it will eventually lower their trading expenses.
We believe that providing real rewards for continuous involvement shows that Tickmill values its active trading community. Tickmill is devoted to giving its loyal traders more for their money, and the Trade More, Get More program reflects that.
Is the Tickmill $30 Welcome Account available for everyone?
Yes, the Tickmill $30 Welcome Account is available for new clients, and it’s a great way to start your trading journey with Tickmill’s superior services.
Is a specific code or action required to participate in Tickmill’s bonuses and promotions?
The requirements for participating in Tickmill’s bonuses and promotions vary, and each bonus and promotion has unique requirements. Taiwanese traders can read the terms and conditions of each Tickmill bonus on the website to see what’s required.
Tickmill Affiliate Programs
Considering all we’ve already discussed about Tickmill, it becomes quite apparent that this broker is an ideal trading partner.
Therefore, the lucrative affiliate program just works to strengthen this even more. Taiwanese traders can keep reading to see how a partnership with Tickmill can benefit them when referring clients to the platform.
Features
Looking for a reliable broker to work with? Tickmill’s affiliate program is a great option, according to our analysis.
We found that affiliates can gain from this program since it uses Tickmill’s stellar reputation and dedication to provide first-rate trading conditions.
Furthermore, Taiwanese affiliates can increase their revenue through the traffic and clients they bring to Tickmill through the program’s attractive CPA (Cost Per Acquisition) offer.
The affiliate program at Tickmill is designed to provide partners with tangible benefits. Affiliates can promote the product’s lightning-fast order execution to entice customers.
Affiliates can reach a wider variety of customers because spreads are as low as 0.0, and different leverage options are available through the Tickmill group entities. In addition, affiliates can confidently recommend Tickmill to prospective traders because the program places a premium on the security of customer assets.
In our opinion, the two main benefits are the easy registration process and the comprehensive support offered. To monitor their progress and adjust their tactics, affiliates have access to a variety of marketing resources and platforms that provide real-time reporting.
With this kind of backing, affiliates can be sure they’re impacting their audience and boosting conversions.
The affiliate program at Tickmill is notable for its strong structure, which serves the interests of both the affiliates and the traders they recommend. By working harmoniously, affiliates and their clients can form a partnership that benefits both parties.
How to Register an Affiliate Account with Tickmill Step-by-Step
To register an affiliate account with Tickmill, Taiwanese traders can follow these steps:
Start by going to the Tickmill website. Once you’re on the website, you’ll easily find the “Partnerships” option in the top menu on the homepage.
Select “Affiliate Program (CPA)” from the dropdown menu. Potential Taiwanese affiliates will be directed to a dedicated page offering detailed program information. It’s crucial to thoroughly review all the information provided, including the terms and conditions, to understand the partnership’s extent and the level of commitment required.
Next, look at the program details that cover the advantages, commission structure, and support offered by Tickmill. This will provide you with a comprehensive understanding of how the affiliate program operates and what you can anticipate in terms of earnings and support from Tickmill.
Once you’ve reviewed the details, simply select the appropriate option on the main affiliate page to complete your sign-up. This is usually a clearly labeled button or link, such as “Join Now” or “Become an Affiliate.”
Next, you must complete a registration form. Please fill out this form with your personal information, including your name, email address, phone number, and country of residence. Ensure that all information entered is accurate and up to date to prevent any problems with account verification.
Tickmill might also ask for more details to understand your marketing strategy and how you intend to promote their services better. You must have all the necessary information about your website, social media channels, or any other platforms you plan to utilize.
Once you’ve submitted the registration form, you must patiently await approval from Tickmill’s affiliate team. If necessary, they will contact you for additional information or clarification.
After your affiliate account is approved, you receive a welcome email containing your login details. Now, you can sign in to your brand-new affiliate account to gain access to the wide range of marketing tools and resources offered by Tickmill.
Next, familiarize yourself with the affiliate dashboard. Here, you can access tracking links, promotional materials, and comprehensive reports on your referrals’ activity and the commissions you’ve earned.
Start promoting Tickmill by utilizing the provided marketing materials and your exclusive affiliate link to monitor the clients you refer.
You can easily stay on top of your progress with the affiliate dashboard, fine-tune your marketing strategies using the available performance data, and adapt your tactics to maximize your affiliate earnings.
Are there any minimum payment thresholds for Tickmill affiliates?
Yes, there might be. Depending on the terms of your partnership agreement with Tickmill, there might be minimum payment thresholds that affiliates must meet before receiving their commissions.
Is there a maximum limit to my commissions as a Tickmill affiliate?
The maximum cash rebates each participant can earn during the campaign are typically set at $5,000.
Tickmill Customer Support
| 🖳Customer Support | Tickmill 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 XM Support | 3/5 |
| 👉 Open Account | Open Account |
| 🖳Support Channel | Average Response Time | User-based Response Time |
| ☎️Phone | 5 minutes | 2 – 6 minutes |
| Same-day | Same-day | |
| 💬Live Chat | Instant | 2 – 3 minutes |
| 📱Social Media | 10 minutes | 7 – 9 minutes |
| 🧑🤝🧑Affiliate | 1 working day | 1 working day |
| 👉 Open Account | Open Account |
How can I reach Tickmill’s customer support on weekends when the markets are closed?
According to Tickmill, support is only offered 24/5 (aligned with forex markets), meaning inquiries over weekends might only be answered the next business day.
Does Tickmill’s customer support team offer any additional resources or services?
Yes. Tickmill’s customer support team typically offers additional services, such as educational resources and assistance with account-related matters.
Tickmill Social Responsibility
After conducting a comprehensive assessment of Tickmill’s affiliate program, we have determined that it is an extremely attractive choice for individuals looking to collaborate with a reliable broker.
The program aims to provide affiliates with the advantage of leveraging Tickmill’s extensive market presence and its well-known reputation for providing exceptional trading conditions.
One of its standout features is the CPA (Cost Per Acquisition) deal, designed to optimize affiliates’ earnings by tailoring it to the traffic and clients they generate for Tickmill.
Tickmill’s affiliate program is specifically tailored to provide concrete advantages to its partners. It offers lightning-fast order execution, a major benefit for affiliates to promote.
Spreads are incredibly low, starting from 0.0, and our leverage options are flexible, depending on the chosen Tickmill group entity.
This makes it easier for affiliates to attract a diverse clientele. In addition, placing a high priority on the safety of client funds helps build trust, which is a vital consideration when affiliates recommend Tickmill to potential traders.
As quantitative analysts, we find the sign-up process straightforward, and the comprehensive support provided is a major advantage.
Furthermore, we also found that members can access various marketing materials and real-time reporting tools to monitor their progress and improve their strategies. This level of support guarantees that affiliates can effectively engage with their audience and enhance their conversion rates.
Overall, we found that Tickmill’s affiliate program stands out for its solid foundation, effectively supporting the growth of its affiliates and catering to the needs of the traders they refer.
We believe this balance fosters an environment that benefits both affiliates and their clients, creating a mutually rewarding partnership.
User Comments
➡️ “Tickmill has great customer service. They’re always quick to help me with anything and answer my problems.”
➡️ “I love how many trade tools Tickmill has. Plus, you can trade stocks, ETFs, commodities, and so many forex pairs. It’s a one-stop shop.”
➡️ “I’m happy with Tickmill in general. Their spreads are always very small, trades are executed very quickly, and I haven’t had any big problems.”
➡️ “The low commissions on the Pro account were the main reason I moved to Tickmill. For traders who do a lot of business, the saves add up quickly.”
Conclusion
Our extensive experience with Tickmill has uncovered a broker that provides a reliable trading platform for Taiwanese traders.
However, we urge traders to consider that there are certain limitations. Not having TWD-denominated accounts can disadvantage Taiwanese traders as they incur currency conversion fees, which can gradually reduce their profits.
This is an important factor for individuals who prefer to handle their finances in their own currency to avoid the complications associated with exchange rates.
In addition, the absence of payment methods specific to Taiwan can cause some inconvenience, resulting in longer processing times and extra fees for international transfers.
This could discourage traders who prefer fast and affordable local payment solutions. In addition, the available retail accounts don’t offer the variety and customization that some traders seek in their trading experiences.
It is worth noting that Tickmill is not regulated in Taiwan, causing some concerns regarding the level of protection and recourse available to Taiwanese traders. Although well-respected international bodies regulate Tickmill, it lacks the added reassurance of local oversight.
Despite these disadvantages, we found that Tickmill’s competitive spreads and access to a wide range of instruments are impressive features that appeal to traders worldwide.
Furthermore, the broker’s approach is highly transparent, providing risk-free opportunities to test trading strategies, which is quite impressive.
Ultimately, our in-depth review shows that Tickmill offers a range of appealing qualities for Taiwanese traders. These include favorable trading conditions and a commitment to transparency.
However, because of the drawbacks and when considering Tickmill, traders in Taiwan should carefully evaluate its international reputation and overall trading experience.
Our Insight
Tickmill provides an easy-to-use platform for trading stocks, indices, and cryptocurrencies. Their customer support is outstanding in terms of service. Their emphasis on education and mobile apps appeals to new traders, although active traders may be put off by potentially higher fees.
Our Recommendations
➡️ Producing marketing collateral and advertising that appeals to Taiwanese traders would increase brand awareness and draw in more local businesses. Stressing the competitive spreads, a wide range of trading options, and Tickmill’s instructional materials could be part of this.
➡️Mandarin Chinese customer service could be quite helpful to Taiwanese traders who are not fluent in English. This action would improve inclusivity and accessibility inside the trading community.
➡️Offering accounts in the New Taiwan Dollar (TWD) will help Taiwanese traders save money on currency conversion. However, there could be practical difficulties.
➡️Local traders can benefit from developing trading resources, including webinars, guides, and market studies catering to the rules and dynamics of the Taiwanese market.
➡️Working together with well-liked Taiwanese payment systems like Line Pay or other local e-wallets would make deposits and withdrawals easier, which would improve convenience for customers in Taiwan.
Tickmill Pros and Cons
| ✅Pros | ❌Cons |
| Tickmill is ideal for both casual and high-volume traders with its two flexible account types | Tickmill does not support TWD as a base currency, deposit, or withdrawal currency |
| There are transparent trading conditions and fees, making it a trustworthy option for Taiwanese traders | Tickmill requires a 100 USD deposit for traders to withdraw profits on the no-deposit bonus |
| There are advanced trading platforms offered, allowing for sophisticated trading | There are no local Taiwanese deposit or withdrawal options |
| Customer support is responsive and professional | There might be some language barriers due to the lack of Mandarin support |
You might also like: 5 Best Forex Trading Platforms in Taiwan
You might also like: The 5 Best Forex Trading Apps in Taiwan
You might also like: The 5 Best MT4 Brokers in Taiwan
You might also like: The 5 Best MT5 Brokers in Taiwan
Frequently Asked Questions
How can Taiwanese traders file a complaint with Tickmill?
Taiwanese traders can file concerns through Tickmill’s customer care channels or use the dispute resolution method detailed on their website.
Can I use popular Taiwanese payment methods on Tickmill?
No. Tickmill accepts various worldwide payment methods but does not provide local payment options for Taiwanese traders.
Can Taiwanese traders use Tickmill VIP services?
Yes. Tickmill’s VIP services are accessible to qualifying traders, and Taiwanese traders can learn more about the requirements and perks from Tickmill’s website.
Can I trade Taiwanese-listed stocks directly on Tickmill?
No. While Tickmill provides a wide range of global stocks, the availability of certain Taiwan-listed shares is limited. Therefore, traders can always consider ADRs (American Depositary Receipts) for Taiwanese companies listed on US marketplaces.
What kind of leverage does Tickmill provide to traders in Taiwan?
Tickmill provides varied leverage options, with Forex up to 1:1000. Leverage options differ per the instrument being traded due to volatile markets.
