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Tickmill Review

Review Tickmill

Tickmill offers a large range of markets suitable to most South Korean trading strategies and risk portfolios. The broker offers bonuses to boost initial capital. South Koreans can choose from two flexible and feature-rich trading accounts.

Updated : August 21, 2024

Jump to:

Overview

Regulation and Safety of Funds

Awards and Recognition

Account Types and Features

Account Registration

Broker Comparison

Trading Platforms

Range of Markets

Fees

Deposit and Withdrawals

Education and Research

Bonuses and Promotions

Affiliate Programs

Customer Support

Social Responsibility

Final Verdict

Pros and Cons

FAQ

Overall Rating

Min Deposit

USD 100 / 133488 KRW

Regulators

CySEC, FCA, FSA, FSCA, Labuan FSA

Trading Desk

MT4, MT5

Crypto

Yes

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Overview

Overview

 

The broker has established a respectable name in the financial trading industry since its beginning in 2014. As seasoned reviewers, we are particularly drawn to their emphasis on providing a superior trading experience.

Their tight spreads, large leverage, and fast execution speed appeal to both new and seasoned traders in South Korea.

 

We value Tickmill’s transparency and commitment to regulatory requirements. Their oversight by reputable agencies such as the UK’s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Seychelles Financial Services Authority (FSA) provides traders comfort that their assets are safe and that Tickmill acts ethically.

Tickmill’s offers range from forex to commodities, indices, and bonds, giving South Koreans plenty of options for diversifying their portfolios.

 

Their revolutionary social trading platform, Social Trading, is a game changer, allowing South Koreans to learn from and emulate successful traders while building community and shared knowledge.

Overall, we can confidently say that South Korean traders will value customized offerings. Their Korean language support and access to local deposit options are invaluable.

 

Their instructional offerings, such as multilingual webinars and seminars, provide traders with the information they need to successfully navigate the complex, often daunting, online trading world.

Overall, they mix of low-cost trading, regulatory strength, and personalized services makes it a top choice for traders worldwide, and it is especially enticing to traders in South Korea.

 

Does Tickmill provide bonuses to South Korean traders?

Yes, The broker provides numerous advantages, like as a $30 Welcome Account and other promotional programs, to help South Korean traders improve their initial capital.

 

What makes Tickmill an attractive option for South Korean traders?

The broker’s attractive spreads, high leverage options, quick execution times, and specialized Korean language assistance make it a popular choice among South Korean traders.

 

Tickmill at a Glance

📊 Year Founded2014
🏛 Local Market Regulators in South KoreaSeychelles FSA, FCA, CySEC, Labuan FSA, FSCA
🌎 Ease of Use Rating4/5
💻 BonusesTrader of the Month, Tickmill’s NFP Machine, $30 Welcome Bonus, IB Contest, Trade More, Get More
📞 South Korean -based customer support?24/5
📱 Trading PlatformsMetaTrader 4, MetaTrader 5, CQG, Tickmill App
🛍 Account TypesVIP Account, Classic Account, Pro Account
✔️ Base CurrenciesUSD, EUR, GBP, PLN
📈 Maximum Leverage1:500
📊 Starting spreadFrom 0.0 pips on the Pro and VIP Accounts
📊 Currency PairsCurrency Pairs 62, major, minor, and exotic pairs
💳 Minimum Deposit (KRW)137,000 KRW ($100)
💻 Languages supported on the WebsiteEnglish, Indonesian, Russian, Arabic, Italian, Thai, Vietnamese, German, Chinese (Simplified), Spanish, Polish, Korean, Malay, Portuguese
⏰ Fees and Commissions Spreads from 0.0 pips, commissions from $3 per side, per lot
✔️ Regional RestrictionsThe United States
💻 Tradable AssetsTrading Instruments Forex, stock indices, energy indices, precious metals, bonds, cryptocurrencies, stocks, ETFs
☪️ Islamic AccountYes
✔️ Affiliate ProgramYes
📊ScalpingYes
📈HedgingYes
💻 Inactivity FeeNone
👉 Open Account👉Open Account

Regulation and Safety of Funds

Global Regulations

 

Regulation in South Korea

South Korea’s Financial Services Commission (FSC) does not regulate the broker. However, Tickmill’s global regulations are listed in the table below.

 

Global Regulations

📱Registered Entity 🌎Country of Registration ✔️Regulatory Entity 🔎Regulatory Entity📊Tier 💳License Number/Ref
Tickmill UK Ltd.United Kingdom09592225FCA171720
Tickmill Europe LtdCyprus340249CySEC2278/15
Tickmill South Africa (Pty) Ltd.South Africa
2017/531268/07FSCA2FSP 49464
Tickmill Ltd.SeychellesFSA3SD008
Tickmill Asia Ltd.LabuanLFSA3MB/18/0028
Tickmill UK Ltd.DubaiDFSA2F007663

 

Protection of Client Funds

🔎Security Measure 📱Information
Segregated AccountsYes
Compensation Fund MemberYes, FSCS and ICF
Compensation AmountFSCS – £85,000
ICF – 20,000 EUR
SSL CertificateNo
2FA (Where Applicable)No
Privacy Policy in PlaceYes
Risk Warning ProvidedYes
Negative Balance ProtectionYes
Guaranteed Stop-Loss OrdersNo

 

Does Tickmill provide negative balance protection?

Yes, The broker provides negative balance protection to ensure traders do not lose more than their original investment, thereby protecting their financial well-being.

 

What compensation systems does Tickmill participate in?

The broker is a member of compensation programs such as the Financial Services Compensation Scheme (FSCS) and the Investor Compensation Fund (ICF), which provide additional protection to traders. However, eligibility for South Koreans must be confirmed with customer support.

Awards and Recognition

Awards and Recognition

 

While we conducted our comprehensive review, we also had a look at the most recent awards that Tickmill has won, and here’s what we found:

 

  • 2024: received the top spot in the Commissions & Fees category at the ForexBrokers.com 2024 Annual Awards.
  • 2024: was named ‘Best in Class’ for Algo Trading, MetaTrader, and Social Copy Trading at the ForexBrokers.com 2024 Annual Awards.
  • won Best Customer Service – Global at the Global Forex Awards in 2023.
  • 2023: received the Best Trading Experience – Global award at the Global Forex Awards.
  • was ranked first for Commissions and Fees in the ForexBrokers.com Annual Awards 2023.

Tickmill Account Types and Features

Tickmill Account Types and Features

 

The broker caters to a wide audience with two flexible account types that suit various risk tolerances, trading strategies, and experience levels. Keep reading to find out what we discovered while evaluating the account types for South Korean traders.

 

💻 Live Account 📉 Minimum Dep.👉 Open Account📊 Leverage💰 Commissions
➡️ Raw Account137,000 KRW ($100)👉Open AccountForex: 1:1000
Indices: 1:100
Commodities: 1:100
Bonds: 1:100
Crypto: 1:200
Stocks: 1:20
From $3 per side per standard lot
➡️Classic Account137,000 KRW ($100)👉Open AccountForex: 1:1000
Indices: 1:100
Commodities: 1:100
Bonds: 1:100
Crypto: 1:200
Stocks: 1:20
None; only the spread is charged

 

Demo Account

After researching their offers for the South Korean market, we discovered that a demo account is one of the most noteworthy features.

Traders can practice their methods on real-time market data in a risk-free environment that reflects live market conditions. We liked the wide variety of over 180 instruments available, which cover a wide range of asset types (financial, stock, index, commodity, cryptocurrency, etc.).

With this decent variety, South Korean users can easily test out several markets and strategies, allowing them to adapt and manage their risk more effectively.

Furthermore, The broker does not restrict its traders to just one platform. Both MetaTrader 4 and MetaTrader 5 demo accounts are available, and both are robust trading platforms with a wide variety of features and tools to suit different traders’ needs.

South Koreans who want to discover the best platform for them will appreciate this freedom.

 

Classic Account

South Koreans who would rather use a spread-based approach will find that the Classic Account is a flexible, commission-free substitute. The account charges spreads from 1.6 pips and has a 137,000 KRW minimum deposit with leverage of up to 1:1000 on forex major pairs.

To us, this seems to be an affordable and user-friendly choice that appeals to novices and more experienced traders who value simplicity.

Another standout is the incredibly quick order execution, which takes an average of 0.20 seconds and guarantees trades are handled as quickly as possible.

Furthermore, The broker is committed to diversity, as seen by the swap-free Islamic account option that is offered, accepting traders from all backgrounds and religions.

Overall, South Korean newbies to the trading industry or those looking for a simple, no-frills approach will welcome this account.

 

Raw Account

After delving deeply into account offerings, we were amazed by the Raw Account’s astonishingly tight spreads, which begin at an astounding 0.0 pips.

For $3 per lot per side, this commission-based account serves South Koreans who appreciate accuracy and openness about costs. Unquestionably accessible, the minimum deposit is 137,000 KRW (around $100).

The huge leverage—up to 1:1000—applicable to various products, including commodities and currency- drew our attention.

Major selling features for South Koreans who value speed and versatility include the 0.20-second average execution speed and the ability to use any trading strategies, including position trading, scalping, hedging, etc.

 

Islamic Account

Another noteworthy product that they provide Muslim traders is their Islamic Account, in our opinion.

The unique selling point is the Sharia-compliant, swap-free trading environment. Traders with varying tastes can take advantage of this account type since it is compatible with both Classic and Raw accounts.

Furthermore, while testing this account option, we had no problems with the converting procedure; all it took was an inquiry to customer service.

Another unique feature of this account revolves around the system for handling charges for overnight positions.

We found that certain instruments incur a fee instead of the standard swap or rollover interest if held for more than three nights in a row. This approach is designed to be fair and respectful of religious beliefs.

 

Does Tickmill provide commission-free trading?

Yes, The broker offers commission-free trading through its Classic Account, which charges only spreads beginning at 1.6 pips.

 

What are the leverage ratios available for Tickmill accounts?

The broker offers leverage of up to 1:1000 on its accounts, allowing South Korean traders to optimize their trading opportunities.

How to open a Tickmill Account – Step-by-Step Guide 

South Koreans can easily get started with an award-winning, reputable broker by following these easy steps to register an account within minutes:

 

Step 1: Click on Create Account

Click the “Create Account” banner that is located beneath the tables that compare accounts.

 

How to open a Tickmill Account – Step 1

 

Step 2: Fill in the Registration

  • Enter your full name, mailing address, date of birth, preferred language, nationality, TIN, and contact information. To prevent any delays, make sure all the information is correct.
  • Thoroughly review terms and conditions. Please confirm your understanding by checking the box.

 

How to open a Tickmill Account – Step 2

 

How to open a Tickmill Account – Step 2

 

Step 3: Email Verification

  • The email address you supplied should receive a verification email. After you have received an email requesting verification of your account, please click the link to continue.
  • Upload a copy of your government-issued identification (passport, driver’s license, etc.) and proof of residence (utility bill, bank statement, etc.) to comply with anti-money laundering legislation and KYC policies.
  • Please provide your personal and financial information, such as your job position, income, and the amount you wish to invest. Information regarding your trading background will also be required of you.
  • Deposit at least $100 (around 137,000 KRW) using your preferred deposit method (bank transfer, credit/debit card, cryptocurrency, or e-wallet).
  • You can access the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms via the website after you’ve deposited funds into your account. Launch the platform and enter the credentials given to you to access the platform on your mobile device or desktop. Alternatively, use the MT4 or 5 WebTrader from any browser.
  • You can start trading after your account is verified and financed. To start trading in real market conditions, you can explore the platform’s capabilities, adjust your trading environment, and then execute transactions.

 

Can I sign up for a Tickmill account using my smartphone?

Yes, you may register for an account on your smartphone by going to the website and performing the same registration processes as on a desktop.

 

What information should I supply when creating a Tickmill account?

During registration, you must submit your full name, address, date of birth, nationality, contact information, and financial information.

Broker Comparison

🔑Broker🥇Tickmill🥈HFM🥇Exness
📈RegulationSeychelles FSA, FCA, CySEC, Labuan FSA, FSCA, DFSAFSCA, CySEC, DFSA, FSA, FCA, FSC, and CMA with registration in ACPR, BaFin, MNB, CONSOB, CNMV, FI, FMA, FSC, and other regionsFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA
📉Trading PlatformMetaTrader 4
MetaTrader 5
Tickmill App
CQG


MetaTrader 4
MetaTrader 5
HFM App
MetaTrader 4
MetaTrader 5
Exness App
Exness Terminal
💵Withdrawal FeeNoNoNo
🆓 Demo AccountYesYesYes
⬇️Min Deposit137,000 KRW ($100) 0 KRW ($0) 136,000 KRW ($10)
✳️Leverage1:10001:2000Unlimited
🔢SpreadVariable, from 0.0 pips0.0 pipsVariable, from 0.0 pips
💴Commissions$3 per side per 100,000 traded$6 per round turnFrom $0.1 per side, per lot
⛔Margin Call/Stop-Out100%/30%50%/20%60%/0%
📝Order ExecutionMarketMarketMarket
💰No-Deposit BonusYesNoNo
🪙Cent AccountsNoNoYes
📊Account TypesRaw Account
Classic Account


Cent Account
Premium Account
Zero Account
Pro Account
Pro Plus Account

Standard Account
Standard Cent Account
Raw Spread Account
Zero Account
Pro Account
Social Standard Account
Social Pro Account

🖋️FSC RegulationNoneNoneNone
➡️KRW DepositsNoNoneYes
💷KRW AccountNoneNoneYes
👥Customer Service Hours24/524/524/7
💳Retail Investor Accounts257
☪️Islamic AccountYesYesYes
📌Minimum Trade Size0.01 pips0.01 lots0.01 lots
📍Maximum Trade Size100 lots500 lotsUnlimited
⏱️Minimum Withdrawal Time1 Business Day10 Minutes24 hours
⏰Maximum Estimated Withdrawal Time2 to 7 Business Days10 business days3 days
💶Instant Deposits and Instant WithdrawalsInstant DepositsNoNo
👉 Open Account👉Open Account 👉Open Account👉Open Account

Tickmill Trading Platforms

CQG

CQG

 

We believe the CQG platform stands out as a solid solution designed specifically for South Korean traders interested in global futures and options markets. 

CQG’s extensive, co-located exchange gateways are built right into the platform, ensuring traders can count on lightning-fast order routing and execution.

With customizable features like the OptionsTrader Dash, the software makes navigating complex options trading shockingly easy.

We discovered the depth of market (DOM) and hybrid order ticket (HOT) features to be great standouts for easing order administration, while the platform’s extensive charting capabilities, which include over 90 technical indicators, truly empower data-driven decision-making.

As South Korea increases forex trading hours, the CQG platform’s interoperability with HTML5 browsers and mobile devices is a game changer for traders looking for 24-hour market access.

 

MetaTrader 4

MetaTrader 4

 

We discovered that the MetaTrader 4 (MT4) platform, with a comprehensive toolkit, meets the different needs of South Korean traders quite well.

 With access to 62 currency pairs, major equities, indexes, commodities, bonds, and even cryptocurrencies, the platform simplifies portfolio diversification.

Its excellent charting, over 50 technical indicators, and customizable layouts form a robust foundation for in-depth market analysis.

South Korean traders can easily implement automated trading methods using expert advisors (EAs) and even benefit from VPS services, which ensure consistent trade execution.

The MT4 platform is available in 39 languages, including Korean, which increases its accessibility and use for local traders.

 

MetaTrader 5

MetaTrader 5

 

MetaTrader 5 (MT5) platform stands out as a robust trading solution designed to satisfy the changing needs of the South Korean market.

Building on the MT4 basis, MT5 adds more timeframes, deeper market functionality, and even wider instrument trading (including equities and commodities). Advanced charting capabilities, customized workspaces, and a complete set of technical indicators give traders a distinct advantage.

The platform’s multi-asset capabilities perfectly complement South Korea’s ambitions to attract foreign investment and diversify its financial markets. South Korean traders value MT5’s extensive capabilities and Tickmill’s unwavering dedication to regulatory compliance.

 

Android and iOS App

Android and iOS App

 

The mobile trading app completely changes the game for South Korean traders who require easy market access while on the go. Its user-friendly design and strong security features like biometric authentication are important draws.

The software makes it exceedingly easy to execute trades, monitor positions, and manage accounts from mobile devices. 

Even on the busiest days, traders can stay connected thanks to real-time market data, comprehensive charting tools, and the ability to create and fund new accounts directly from the app.

 

Social Trading

 The social trading platform is another noteworthy feature, allowing South Korean traders to benefit from the collective wisdom of a global trading community. Connecting with seasoned traders and learning from their successful tactics is a game changer.

The platform’s user-friendly layout and extensive filtering capabilities make it simple for traders to find and follow people who share their risk tolerance and trading style.

Real-time trade mirroring and thorough performance analytics give traders the information they need to make informed decisions and improve their trading results.

As South Korea’s forex market evolves, the social trading platform is a valuable tool for traders to remain ahead of the competition and learn from the best.

 

Does Tickmill allow automated trading on its platforms?

Yes, the broker offers automated trading using Expert Advisors (EAs) on MetaTrader 4 and MetaTrader 5, allowing traders to use algorithmic techniques.

 

What is the CQG platform provided?

The CQG platform is specifically intended for futures and options trading, with powerful charting, real-time data, and extensive order management tools.

Range of Markets

Range of Markets

 

The broker covers all the basic markets offered, including those indicated in the table:

  • Metals: offers South Korean traders 1:1000 leverage on precious metals like gold and silver, enhancing their exposure while investing less capital.
  • Cryptocurrencies like Bitcoin, Ethereum, and Litecoin with up to 1:200 leverage, offering 24-hour trading and allowing them to speculate on price changes without owning the underlying asset.
  • Energies: offers CFDs on energy products like crude oil and natural gas, allowing South Korean traders to diversify their portfolios and capitalize on price volatility in the global energy market, influenced by geopolitical events and supply-demand dynamics.
  • Share CFDs:  offers South Korean traders CFDs on global companies like Apple, Amazon, and Tesla, with leverage of up to 1:20. The no-commission trading and option to go long or short provide flexibility and cost-efficiency, allowing a variety of trading methods.
  • Bonds: provides South Korean traders with 1:100 leverage for government and corporate bonds, allowing them to profit from bond stability, interest rate swings, and economic indicators, enabling both hedging and speculative methods.
  • Index CFDs: South Korean traders can trade CFDs on major global indexes with leverage up to 1:100, using Tickmill’s minimal spreads and fast execution. This lets them speculate on overall market success, diversifying their exposure and mitigating market risks.
  • Futures and Options:  provides futures and options on various asset classes, enabling South Korean traders to protect their assets and speculate on future price swings. Its advanced platforms support complex strategies like spreads and straddles.
  • Forex: offers forex trading on 62 pairs with leverage up to 1:1000, offering low commissions, tight spreads, and fast execution rates. It supports scalping and hedging, making it suitable for South Korean traders seeking flexibility in the highly liquid forex market.

 

Leverage and Margin

After putting Tickmill’s platform through its paces with a South Korean trader in mind, we were delighted with the leverage and margin conditions they provide.

They’ve adjusted them to provide their users with a high degree of flexibility and the opportunity for significant returns, which is always a positive in our eyes.

Forex traders in South Korea, for example, can leverage their positions up to a whopping 1:1000. That means you can hold a much greater stake than you could with only your funds, which is a feature that investors trying to maximize market exposure would undoubtedly welcome.

 

However, where other instruments are concerned, leverage isn’t as generous, but it remains competitive: up to 1:100 for indices, bonds, and commodities, 1:200 for cryptocurrencies, and 1:20 for equities. We feel that these leverage ratios could appeal to a wide spectrum of South Korean traders and their diverse trading strategies, risk tolerances, and experience levels.

Margin requirements are also fairly open, measured as a percentage of deal size to ensure traders have enough equity to cover possible losses.

This, together with their clearly defined margin call (100%) and stop-out (30%) thresholds, provides South Korean traders with a solid framework for risk management. It’s good to know that even during unpredictable market conditions, strong safeguards are in place to protect your assets.

 

Does Tickmill offer bond trading?

Yes. The broker offers trading opportunities in government and corporate bonds with leverage up to 1:100, allowing traders to capitalize on the bond market’s stability.

 

What are the advantages of trading share CFDs through Tickmill?

The broker provides CFDs on shares of prominent global firms such as Apple, Amazon, and Tesla, with leverage of up to 1:20, allowing South Korean traders to profit from market moves without owning the assets.

Fees

Fees

 

We were impressed by the transparency of Tickmill’s fee schedule and the affordability across account types and markets. Keep reading to see how Tickmill structures its fees and what South Koreans can expect.

 

Spreads

We thoroughly assessed Tickmill, focusing on its attraction to South Korean traders. We were surprised by the relatively competitive spreads, a big draw for cost-conscious traders.

The Raw Account, which starts at 0.0 pips, is ideal for those who require pinpoint accuracy in their trading.

While the Classic Account starts at 1.6 pips, the commission-free structure could be desirable for some traders.

 

Commissions

Tickmill’s commission system is both transparent and competitive. We discovered that the Raw Account charges a $3 commission per side and lot for a total of $6 round trip.

This is an excellent value for high-volume traders in South Korea. In contrast, the Classic Account is commission-free, making it an excellent choice for novices or those who prefer a simpler price structure.

 

Overnight Fees

Overnight fees (swaps) are interest charges levied on positions held overnight. The currency pair, long or short position, and market conditions determine the specific charge.

It is worth noting that swap prices increase on Wednesday nights to compensate for the weekend. South Korean traders can easily monitor swap rates using the MT4 Market Watch interface.

 

Deposit and Withdrawal Fees

One of Tickmill’s most notable features is its lack of deposit and withdrawal fees. This applies to all payment methods, providing a substantial advantage for regular fund transfers. It enables traders to manage their capital and prevent unnecessary charges efficiently.

Furthermore, Tickmill’s rapid processing times ensure that funds are always available for trade.

 

Inactivity Fees

Another advantage we discovered is the absence of inactivity costs. This flexibility is perfect for South Korean traders who do not trade regularly or prefer seasonal trading. The emphasis remains on market potential rather than unnecessary expenses.

 

Currency Conversion Fees

During our evaluation, we did notice that currency conversion costs apply when deposits are made in currencies other than the base currencies (USD, EUR, GBP, and ZAR).

 South Korean traders who primarily trade, deposit, and withdraw in KRW should consider creating accounts in a comparable base currency to reduce conversion expenses.

 

Is there a deposit cost with Tickmill?

Tickmill has no deposit fees, allowing South Korean traders to fund their accounts without incurring additional expenditures.

 

What withdrawal fees does Tickmill charge?

Tickmill doesn’t have withdrawal fees, allowing South Korean traders to access their funds without further charges. However, third-party wallets and processors might charge processing fees that South Koreans must confirm.

Tickmill Deposits and Withdrawals

Tickmill Deposits and Withdrawals

 

One of the many benefits that South Koreans can expect is its multi-currency payment options for deposits and withdrawals. Below we provide a snapshot of the payment categories followed by a generalized “how to” in each payment category.

 

💳 Payment Method🌎 Country💴Currencies Accepted⏱️Processing Time
💰Bank Transfer AllUSD, EUR, GBP, ZAR1 – 7 days
🪙Crypto PaymentsAllEUR, USD, GBPInstant – 1 day
💸Credit/Debit CardAllUSD, EUR, GBPInstant – 1 day
💳SkrillAllUSD, EUR, GBPInstant – 1 day
💸NetellerAllUSD, EUR, GBPInstant – 1 day
💳SticPayAllUSD, EUR, GBPInstant – 1 day
🪙FasaPayAllUSD, IDRInstant – 1 day
💰China UnionPayAllCNYInstant – 1 day
💸WebMoneyAllUSD, EURInstant – 1 day

 

Deposits

How to Deposit using Bank Wire Step by Step

✅You can access your account by entering your login credentials.

✅To examine the various options, click on the “Deposit” tab.

✅Select bank wire as your desired deposit method.

✅Enter the amount you want to deposit and choose USD, EUR, GBP, or ZAR as the currency.

✅You will receive Tickmill’s bank information. Use these details to start the transfer from your bank.

✅After completing the transfer, upload the receipt to your Client Area.

 

How to Deposit using Credit or Debit Card Step by Step

✅To access your account, enter your credentials on the website.

✅Click “Deposit” to view the various methods.

✅Select the credit or debit card option.

✅Provide your card information and the amount you want to deposit.

✅Choose your deposit currency.

✅Complete the payment verification process.

 

How to Deposit using Cryptocurrency Step by Step

✅Log into your account online.

✅Go to the “Deposit” area and choose crypto as your payment option.

✅Enter the deposit amount and choose a currency.

✅Tickmill will provide a wallet address for your deposit.

✅Use your cryptocurrency wallet to transfer funds to the specified address.

✅Upload the transaction ID to the Client Area and wait for your deposit to be processed.

 

How to Deposit using e-Wallets or Payment Gateways Step by Step

✅Enter your login information to access your account.

✅To view all payment methods, click “Deposit”.

✅Choose from Skrill, Neteller, SticPay, FasaPay, China UnionPay, or WebMoney.

✅Please specify the amount you intend to deposit.

✅Choose USD, EUR, GBP, IDR, or CNY, depending on your wallet.

✅Complete the transaction with your e-wallet. Funds are credited to your account immediately or within a day.

 

Withdrawals

How to Withdraw using Bank Wire Step by Step

✅Enter your credentials on the website or your platform to access your account.

✅Navigate to the withdrawal section to see the available withdrawal methods, and click Withdrawal.”

✅Select bank wire as your desired withdrawal method.

✅Enter the amount you want to withdraw and select the currency.

✅Enter your bank account details.

✅Confirm the withdrawal request. The withdrawal will be processed within one to seven days.

 

How to Withdraw using Credit or Debit Cards Step by Step

✅You can access your account using your login information.

✅To see the available options, click “Withdrawal.”

✅Select the Card Withdrawal option.

✅Specify the amount you intend to withdraw.

✅Enter your card details and confirm your withdrawal. Funds are typically reimbursed back to your card within one day.

 

How to Withdraw using Cryptocurrency Step by Step

✅To access your account, enter your credentials.

✅Navigate to the Withdrawal Section. To examine your options, click on “Withdrawal.”

✅Choose the cryptocurrency withdrawal option.

✅Enter the amount that you want to withdraw.

✅Enter your cryptocurrency wallet address.

✅Confirm your withdrawal.

 

How to Withdraw using e-Wallets or Payment Gateways Step by Step

✅Login to your Tickmill Client Area using your credentials.

✅Go to the Withdrawal section.

✅Choose your preferred e-wallet and specify the amount you intend to withdraw.

✅Enter the appropriate e-wallet details.

✅Confirm your withdrawal, and the funds should be credited within one day.

 

How quickly does Tickmill handle credit/debit card deposits?

Credit and debit card deposits are processed instantaneously or within a day, allowing South Korean traders to begin trading immediately.

 

Can I withdraw my funds using the same method I used to deposit?

Yes, the broker encourages traders to withdraw funds using the same method they used to deposit.

10 Best Forex Brokers in South Korea for 2024

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#5

Read Review

$200

#6

Read Review

$100

#7

Read Review

$1

#8

Read Review

$200

#9

Read Review

$100

#10

Read Review

$50

#1

4.4/5

User Score

#2

4.7/5

User Score

#3

4.5/5

User Score

#4

4.4/5

User Score

#5

4.7/5

User Score

#6

4.6/5

User Score

#7

4.7/5

User Score

#8

avatrade.jpg

4.8/5

User Score

#9

4.8/5

User Score

#10

4.7/5

User Score

Educational Resources 

Educational Resources 

 

Tickmill also offers the following additional resources and education to traders:

  • Market Insights
  • Market Sentiment
  • Bright Minds Podcast
  • Market Analysis on Reddit
  • Infographics
  • Forex Glossary
  • Forex Calculators
  • ai
  • Tickmill Traders Club
  • Advanced Trading Toolkit
  • Acuity Trading
  • Earnings Calendar

 

What is the Tickmill Traders’ Club?

The Tickmill Traders Club is an exclusive club where traders can access advanced trading tools, engage in discussions, and receive expert market analysis.

 

Can South Korean traders use Tickmill’s VPS service?

Yes, South Korean traders can use Tickmill’s VPS service, which provides fast and dependable trade execution, which is particularly beneficial for automated trading techniques.

Bonuses and Promotions

Bonuses and Promotions

 

Another area we found extremely beneficial, especially for South Koreans, is the bonuses section on the Tickmill website. With this variety of bonuses, traders can easily boost their initial capital and gain more exposure across several markets.

  • $30 Welcome Account: Our team was impressed with Tickmill’s $30 Welcome Account, offering a risk-free, practical way for newcomers to experience the platform’s features and trading conditions without investing their own funds, thereby building confidence and allowing them to experience live trading.
  • Trader of The Month: The Trader of The Month promotion is a significant feature for South Korean traders, rewarding exceptional trading skills with cash prizes and celebrating winners’ achievements, providing valuable insights and inspiration.
  • Tickmill’s NFP Machine: Tickmill’s NFP Machine offers an engaging promotion for South Korean traders, allowing them to test their economic knowledge and potentially earn cash rewards, making it an ideal fit for their interest in economic analysis.
  • Trade More, Get More: Tickmill’s Trade More, Get More promotion is a structured incentive for active traders, particularly high-frequency traders, offering cash rebates to reduce costs and enhance profitability, demonstrating their commitment to loyalty and participation.

 

Can South Korean traders participate in the Trade More, Get More promotion?

Yes, South Korean traders can take advantage of the Trade More, Get More campaign, which provides cash rebates based on the volume of traded lots, resulting in additional income for active traders.

 

What are the IB Contest terms at Tickmill?

Tickmill’s IB Contest pays Introducing Brokers (IBs) based on the number of new clients they suggest and trading volume achieved, with top performers earning substantial cash awards.

How to Register an Affiliate Account with Tickmill Step-by-Step

 

Step 1: “Partnerships”

To access the “Partnerships” section, visit the homepage and look for it in the main menu between “Promotions” and “About Us.”

Navigate to the official Affiliate page by selecting “Partnerships” and then clicking “Affiliate Program (CPA)” from the list of partnerships offered.

 

How to Register an Affiliate Account with Tickmill Step 1

 

Step 2: “Open an Affiliate Account Now”

Review the information provided on the affiliate program page. This includes information regarding the advantages, characteristics, and expectations of affiliates. You will also find information on the payment methods, performance monitoring through CellXpert, and the commissions you can expect as a South Korean affiliate for Tickmill.

Once you’re ready to start, select the “Open an Affiliate Account Now” button showcased on the page.

 

How to Register an Affiliate Account with Tickmill Step 2

 

Step 3: Fill in the Registration

Provide your name, email address, and contact information in the required fields on the application form.

Additional details regarding your marketing strategies, website, or social media platforms will be expected from you. This informs Tickmill of your intended approach towards endorsing their services.

Review the affiliate program’s terms and conditions on Tickmill. Once you have read and agreed to the terms, click the checkbox to continue.

Your registration will be reviewed, and once approved, Tickmill send an email confirmation containing additional login information for your affiliate account.

Use the credentials provided in this email to access your affiliate dashboard once you have been approved. You can access your referral link, monitor performance, and use Tickmill’s marketing tools here.

Post your unique referral link to various marketing channels, including your website and social media, to advertise Tickmill’s services.

 

How to Register an Affiliate Account with Tickmill Step 3

 

Affiliate Programs

Affiliate Programs

 

Features

We looked into the Tickmill affiliate program as knowledgeable reviewers for South Koreans and found a profitable way for traders to increase their revenue.

Working with this ethical multi-asset broker offers the opportunity to receive unrestricted CPA payments only by bringing new customers to the platform.

We were drawn to Tickmill because of its excellent trading conditions. The choice for large leverage, competitive spreads beginning at 0.0 pips, and ultra-fast order execution ensure that clients are set up for success.

Not that Tickmill leaves its South Korean affiliates to their own devices. Tickmill improves conversions with a full range of marketing tools, and the CellXpert platform enables real-time performance monitoring.

Committed affiliate managers are available to provide direction and assistance so affiliates can make the most of their plans.

We think giving prospective customers the option to refine their trading abilities and expertise using free trading tools and educational materials could attract South Koreans.

It’s remarkably easy to join the affiliate program. It just takes a short online application and a special referral link to start receiving commissions for each qualified trader who is referred.

Our evaluation indicates that South Korean traders and marketers will find the affiliate program attractive because of this easy method and the strong support and resources Tickmill offers.

 

How is commission calculated in the Tickmill Affiliate Program?

Commissions are calculated using the CPA (Cost Per Acquisition) model, which pays affiliates a fixed amount for every new client they recommend who matches the given requirements.

 

Is there a minimum payment level for Tickmill affiliates?

Yes, Tickmill affiliates must meet a minimum payout threshold, as stipulated in the affiliate program terms and regulations, before receiving commissions.

Customer Support

Customer Support

 

🔑Customer Support🥇Tickmill Customer Support
⏰Operating Hours24/5
🔊Support LanguagesEnglish, Malay, Polish, Indonesian, Arabic, Thai, Chinese, Vietnamese, Portuguese
👥Email Address✅Yes
☎️Telephonic Support✅Yes
🏆The overall quality of Tickmill Support3/5

 

How can I contact Tickmill’s customer service?

Tickmill’s customer support team can be reached by live chat on their website, via email to [email protected], or by calling their customer service hotline.

 

How quickly does Tickmill reply to client inquiries?

Tickmill strives to reply to client inquiries on the same day, with live chat responses frequently instant and email responses sent within a few hours.

Tickmill Social Responsibility

In evaluating Tickmill, we thought their dedication to social responsibility was impressive. Easily found under the “About Us” section, their CSR activities cover a wide range, from international outreach to developing local talent.

Tickmill championed many causes in 2023, most notably working on significant green initiatives to build a sustainable future in Cyprus. Their partnership with the University of Cyprus demonstrates their commitment to education by offering priceless practical financial industry expertise.

Their reach is international as well. Tickmill has shown its dedication to social welfare outside its base by supporting the Off Road Kids Foundation in Germany and the Keeping Kids in School Project in Mexico, which helps homeless adolescents.

Furthermore, in our experience, making wishes come true for kids with cancer through the Cyprus-based One Dream One Wish Association gives their work a very heartfelt touch.

It’s not where Tickmill’s involvement ends. Through the Kyrenia Nautical Club Triathlon Academy, they have consistently supported athletic potential and participated in local events like Limassol fundraising.

In addition, Tickmill’s support of breast cancer charities Europa Donna Cyprus, Tartu University Hospital Children’s Foundation in Estonia, and the University of Cyprus underscore their commitment to health and well-being even more.

Tickmill User Comments and Reviews

Tickmill is a popular forex and CFD broker and we weren’t surprised to find hundreds of user comments across multiple review sites. Here are the latest user comments that we found on Tickmill:

  • “I enjoy working with Tickmill. Order execution is fast on the Raw account, and spreads are low as advertised. None of my withdrawals have failed. The primary negative is that customer service may take a while to respond during busy times.”
  • “Tickmill offers great trading conditions with minimal commissions and narrow spreads. The trading platform is reliable and simple. The fact that withdrawals usually take less than 24
  • hours are convenient. Good or bad customer service depends on the issue. The broker is reliable and offers good trading conditions. However, I need more support.”
  • “I’ve used Tickmill for a long because of their low spreads on the DAX, where I trade. Raw account commissions are reasonable, too. Withdrawals and orders always went through while scalping. My only complaint is the lack of instruments, but they’re adding more.”

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Our Recommendations on Tickmill

Tickmill is a versatile and trusted option for all traders, including those in South Korea. However, there are a few improvements that the broker can make to cater more to local traders:

  • Add KRW as a base currency for accounts. The elimination of currency conversion costs would simplify transactions for South Korean traders.
  • Adding Korean-based webinars, tutorials, and market analysis enhances instruction. We believe localized content can help traders grasp the platform and enhance strategy.
  • South Korean Financial Services Commission regulations would be another benefit and draw in more South Korean clients.
  • Promotions and bonuses tailored to South Korea can boost engagement. Offering bonuses during major local events or holidays and designing tournaments that appeal to South Korean traders could boost participation.

Final Verdict

According to our evaluation of the broker, Tickmill provides a compelling combination of features and conditions, making it a possible trading partner for traders in South Korea.

Particularly noteworthy were the lightning-fast execution rates and the extremely narrow spreads, starting from 0.0 pips on the Raw Account, which would appeal to any trader concerned about costs.

We found that a new level of versatility to trading methods is introduced by the option to leverage positions up to 1:1000, but it should be approached with caution.

 

Moreover, we have faith in Tickmill’s safety and reliability because of the stringent regulatory supervision it receives from leading authorities, including the FCA and CySEC.

We were particularly pleased by the wide variety of instruments available, which will let South Koreans diversify their portfolio in many ways (including forex, commodities, indices, and even cryptocurrency CFDs).

Still, you must consider a few things before working with this broker. While abundant materials and multilingual help compensate for the lack of localized Korean-specific support, it might be a minor annoyance for certain traders.

 

South Korean traders should also be aware that, although Tickmill’s pricing structure is clear, conversion fees will apply if they need to convert KRW to other base currencies.

Finally, while we do not mind that there are zero fees for inactivity, some users might find the verification process too time-consuming.

Overall, despite the downsides, our experiences with Tickmill have convinced us that it is an excellent broker, especially for traders from South Korea who value affordable fees and a safe trading environment.

Pros & Cons

✅Pros❌Cons
Tickmill’s spreads are competitively and consistently tight, especially on the Raw accountTickmill’s spreads are competitively and consistently tight, especially on the Raw account Tickmill does not currently support KRW deposits or withdrawals
Tickmill offers a 30 USD no-deposit bonus to all newly registered traders with verified accountsSouth Koreans cannot register a trading account denominated in KRW
Tickmill is multi-regulated by several entities and provides a secure trading environment to all customersTickmill’s product portfolio is limited compared to rival brokers
South Korean traders can expect fast order executionThere are no localized educational materials, market analysis, or other features for South Koreans

Our Insight

From my research, With Tickmill you are guaranteed safety when trading since they have a very elaborate regulation that ensures customer security is held paramount above all thus making it ideal for those who would wish to make profits efficiently without spending too much money on activities that pertain to exchange. Marks International Finance signals Compactly Comprehensive observations, research and analyses for strategic global development trends’.

Frequently Asked Questions

How can I create an account with Tickmill?

To open an account, go to the Tickmill website, click “Trading” in the top menu, then “Accounts Overview,” select your preferred account type, and click “Create Account.”

 

Can South Korean traders join Tickmill’s affiliate program?

Yes, South Korean traders can join Tickmill’s affiliate program and earn uncapped earnings for referring new customers.

 

What are the trading fees for Tickmill’s South Korean clients?

Tickmill has cheap forex fees, with spreads from 0.0 pips and a commission of $3 per lot and side on the Raw Account. The Standard account costs spreads at 1.6 pips and allows for commission-free trading.

 

Does Tickmill provide customer service in Korea?

Yes, Tickmill provides dedicated customer support in Korean, ensuring South Korean traders can receive help in their native language.

 

What are the deposit and withdrawal alternatives for South Korean customers?

South Korean customers can make deposits and withdrawals using a variety of ways, including bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller.

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