Scam Forex Brokers in Indonesia
Tickmill Review
Tickmill takes the lead regarding exceptional trading conditions for Indonesians. Tickmill offers two flexible account types and charges spreads from 0.0 pips EUR/USD. The Tickmill Raw Account is best for professionals seeking a competitive edge.
- Louis Schoeman
Updated : May 30, 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 Withdrawels
Education and Research
Bonuses and Promotions
Affiliate Programs
Customer Support
Social Responsibility
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.7/5
Min Deposit
100 USD / 1,555,300 IDR
Regulators
Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA
Trading Desk
MT4, MT5, Tickmill Mobile
Crypto
Total Pairs
62
Islamic Account
Trading Fees
Account Activation
Overview
Tickmill was formed in 2014 by the renowned Mattus brothers, Ingmar and Illimar. Their mission was clear: transforming the forex brokerage industry by providing clients with transparency and protection.
Furthermore, the Mattus brokers wanted to start a firm that would stand up to the industry’s hidden fees and confusing procedures.
Tickmill’s journey in the CFD and Forex trading began in the Seychelles. Since then, Tickmill has received recognition from regulatory agencies such as the Seychelles FSA, FCA, and CySEC.
This demonstrated their dedication to adhering to global trade standards and secured the broker as a reputable name in finance.
Therefore, Indonesian traders who want a trustworthy broker need not look further because Tickmill’s reputation for security and honesty makes it an excellent option for trading financial instruments using user-friendly but powerful trading software.
Tickmill has become a prominent forex and CFD trading participant, with over 327,000 clients worldwide.
Tickmill is known for its competitive trading, with spreads from 0.0 pips and a choice between two flexible trading accounts.
Tickmill is currently recognized for its fair, low-cost pricing and transparency. Furthermore, Tickmill has substantial financial support from large financial institutions, ensuring that trading can occur smoothly even when there is significant market volatility.
Tickmill appeals to Indonesian traders for a variety of reasons. Firstly, the platform is offered in Indonesian, and customer service is geared toward the area.
Secondly, with a low minimum deposit, no inactivity fees, and educational resources in several languages, including English and Indonesian, Tickmill demonstrates its dedication to diversity and assisting Indonesian traders.
How many customers does Tickmill service worldwide?
Tickmill serves over 327,000 clients worldwide, demonstrating its popularity and integrity.
Can I get Tickmill’s educational resources for free?
Yes, Tickmill provides traders with various instructional resources and tools at no additional cost.
At a Glance
| 🗓 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, Trade More, Get More |
| ⏰ Support Hours | 24/5 |
| 📊 Trading Platforms | MetaTrader 4, MetaTrader 5, Tickmill App |
| 💻 Account Types | Classic Account, Raw Account |
| 💰 Base Currencies | USD, EUR, GBP, PLN, ZAR |
| 📈 Spreads | From 0.0 pips on the Raw |
| 📉 Leverage | 1:1000 |
| 💸 Currency Pairs | 62, major, minor, and exotic pairs |
| 💳 Minimum Deposit | 1.5 million IDR ($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 $3 per side, per lot on Raw |
| ✅ Affiliate Program | Yes |
| 🚫 Banned Countries | The United States |
| 👨💻 Scalping | Yes |
| 👥 Hedging | Yes |
| 🏦 Trading Instruments | Forex, stocks, cryptocurrencies, stock indices, commodities, bonds |
| 🎉 Open an account | Open Account |
Regulation and Safety of Funds
Tickmill prioritizes the security of its client’s funds and personal information, even though the broker is not regulated locally in Indonesia. Tickmill is a globally renowned brokerage that complies with high regulatory criteria set by reputable agencies such as the FCA and CySEC.
Furthermore, such stringent requirements force Tickmill to maintain operational integrity and emphasize customer protection across all elements of its business.
Therefore, to protect the safety of client funds, Tickmill must separate client deposits from operating funds and keep them in secure accounts with trustworthy institutions. This fund separation ensures that customer funds are safe and ready for withdrawal whenever needed.
Furthermore, Tickmill participates in financial services compensation systems whenever possible, providing added security. However, Indonesian traders might not be eligible for this compensation.
In addition, Tickmill currently uses some of the best security and safety measures, including 2FA, SSL, and several others. This ensures Indonesians’ information and sensitive data are protected, and they can navigate the website and platform without fear.
Lastly, Tickmill has a dedicated team and robust IT infrastructure to monitor its website and platforms for cyber threats. Thus, Indonesians can rest assured that Tickmill offers a safe trading environment.
Regulation in Indonesia
Tickmill is not regulated by the Commodity Futures Trading Regulatory Agency (BAPPEBTI). However, Tickmill’s global regulations are listed in the table below.
Global Regulations
⚖️ Registered Entity 🏦 Country of Registration 🪪 Company Reg. ✅ 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
Protection of Client Funds
🚫 Security Measure 🪪 Information Segregated Accounts Yes Compensation Fund Member Yes, FSCS and ICF Compensation Amount FSCS – £85,000
ICF – 20,000 EURSSL Certificate No 2FA (Where Applicable) No Privacy Policy in Place Yes Risk Warning Provided Yes Negative Balance Protection Yes Guaranteed Stop-Loss Orders No
What steps does Tickmill take to ensure fair trade practices in Indonesia?
Tickmill follows rigorous regulatory guidelines and implements cutting-edge technology to deliver transparent and fair trading conditions for Indonesian clients.
Is Tickmill compliant with international financial directives that influence Indonesian traders?
Yes. Tickmill follows international financial directives, especially concerning protecting global traders, including those in Indonesia.
Awards and Recognition
When we looked closely at Tickmill’s awards, we found that the company has won several important ones in recent years. The following examples show how well-known Tickmill is in its field:
➡️In 2023 and again in 2024, the ForexBrokers.com Annual Forex Broker Review named Tickmill the “#1 Broker for Commissions and Fees.” This title shows how committed Tickmill is to offering low prices.
➡️Tickmill won the “Best Customer Service” and “Best Trading Experience” awards at the Global Forex Awards in 2023, which showed how well it treated its clients.
➡️The “Best Partner Program Africa” award was given to Tickmill at the Finance Magnates Africa Summit in 2023 for its superior affiliate program.
➡️In 2023, the Ultimate Fintech Awards MEA awarded Tickmill “Best Forex Spreads MEA.” This showed how competitive the broker’s spreads were.
➡️Tickmill was named the “Best Forex Broker Middle East” at the 2023 Forex Expo in Dubai.
➡️In 2023, the QualeBroker Awards also gave Tickmill high marks, rewarding it as the “Best Forex Broker.”
Tickmill Account Types
Raw Account Classic 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: 1:20Forex: 1:1000
Indices: 1:100
Commodities: 1:100
Bonds: 1:100
Crypto: 1:200
Stocks: 1:20💸 Minimum Deposit 1.5 million IDR 1.5 million IDR 👉 Open an account Open Account Open Account
Raw Account
Tickmill Raw Account is an excellent option for seasoned Indonesian traders. It emphasizes minimizing expenses, beginning with spreads from 0.0 pips in ideal market conditions.
In addition, with an initial investment of 1.5 million IDR ($100), it is affordable to many, even beginners with low investment capital.
This account is ideal for traders employing more complex and fast-paced trading methods, such as scalping. Furthermore, the low $3 commission per side and lot makes it appealing to high-volume traders.
Tickmill’s Raw Account also allows expert advisers to be employed, which benefits experienced traders who rely on automated systems.
Classic Account
Tickmill’s Classic Account is easy to use for beginner and casual traders in Indonesia. The Standard Account does not charge commissions but has a straightforward spread-only pricing structure from 1.6 pips.
With a minimum deposit of 1.5 million IDR, it is exceedingly simple to start participating in the financial markets without incurring additional fees for every trade.
Furthermore, Indonesians can use several strategies on the Standard Account, including position trading, hedging, swing trading, etc.
Demo Account
The Tickmill Demo Account is a wonderful resource for Indonesians looking to learn about trading without risking their funds.
Tickmill’s demo account replicates the real market environment, and trading is done using virtual funds, allowing traders to test strategies and become familiar with the platform’s capabilities.
Because it has no expiration date, Indonesians can keep learning using the demo account without limitations.
Furthermore, The Tickmill demo account on MT4 and 5 is especially useful for novices to gain confidence and experienced traders eager to experiment with new trading strategies.
Another unique feature of the Tickmill demo account is linking theory and practice, ensuring Indonesians are well-prepared for live trading conditions.
Islamic Account
Tickmill’s Islamic Account caters to Muslim traders in Indonesia, providing a Sharia-compliant trading experience and halal trading instruments.
The swap-free option from Tickmill eliminates and substitutes them with a flat overnight charge, guaranteeing that zero income is generated and no charges are applied on positions kept overnight.
Furthermore, while upholding Tickmill’s competitive standards, the Islamic Account is not frugal on features or available instruments.
Instead, it provides a comprehensive trading environment where Indonesians can access a range of instruments that align with Islamic Finance and rules.
Is there a commission payable on Tickmill’s Classic Account?
No, Tickmill’s Classic Account is priced spread-only, with no commissions.
What leverage options are available for Tickmill accounts?
Tickmill provides leverage of up to 1:1000 for Forex trading on both account types.
How To Open a Tickmill Account
To register an account with Tickmill, follow these steps:
Step 1 – Click on the Create Account button.
To start registration, go to Tickmill’s website and choose the “Create Account” option from the homepage (From the top toolbar/menu, on the homepage itself, or underneath the account types). This will take you to the account setup page.
Step 2 – Choose an account type.
Select your preferred account type from the available options: Raw or Classic.
Step 3 – Complete the form.
Complete the registration form with your personal information, providing accurate details such as your full name, date of birth, and residency information. Providing accurate information is essential, especially because you must verify your identity and residential address.
Step 4 – Create your login details.
Set up your login credentials with a username and a strong password to securely access your Tickmill account. Then, agree to the broker’s terms and conditions.
Tickmill Vs Hankotrade Vs InstaForex – Broker Comparison
| Tickmill | Hankotrade | InstaForex | |
| ⚖️ Regulation | Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA, DFSA | None | FCA, BVI FSC, CySEC, FSA SVG |
| 📱Trading Platform | MetaTrader 4 MetaTrader 5 Tickmill App | MetaTrader 4 MetaTrader 5 | MetaTrader 4 MetaTrader 5 WebIFX InstaForex Multi-Terminal InstaForex WebTrader InstaTick Trader InstaForex MobileTrader |
| 💰 Withdrawal Fee | No | No | Yes |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Min Deposit | 1.5 million IDR ($100) | 162,000 IDR ($10) | 16,100 IDR ($1) |
| 📈 Leverage | 1:1000 | 1:500 | 1:1000 |
| 📊 Spread | Variable, from 0.0 pips | From 0.0 pips | 0.0 pips |
| 💰 Commissions | $1 per side per 100,000 traded | From $2 per $100,000 | 0.03% to 0.07% |
| ✴️ Margin Call/Stop-Out | 100%/30% | M: 70% S/O: 20% | 30%/10% |
| ✴️ Order Execution | Market | Market | Instant |
| 💳 No-Deposit Bonus | Yes | No | Yes |
| 📊 Cent Accounts | No | No | Yes |
| 📈 Account Types | Raw Account Classic Account | STP ECN ECN Plus | Insta.Standard Insta.Eurica Cent.Standard Cent.Eurica |
| ⚖️ BAPPEBTI Regulation | No | No | No |
| 💳 IDR Deposits | No | No | Yes |
| 📊 IDR Account | No | No | No |
| 👥 Customer Service Hours | 24/5 | 24/5 | 24/5 |
| 📊 Retail Investor Accounts | 2 | 3 | 4 |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 📉 Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| 📈 Maximum Trade Size | 100 lots | Unknown | 100 lots |
| 💸 Minimum Withdrawal Time | 1 Business Day | Instant | Instant |
| 💰Maximum Estimated Withdrawal Time | 2 to 7 Business Days | Instant | Up to 6 working days |
| 📞 Instant Deposits and Instant Withdrawals? | Instant Deposits | Yes | Yes |
| 🎉 Open an account | Open Account | Open Account | Open Account |
Trading Platforms and Software
MetaTrader 4
Tickmill’s MetaTrader 4 (MT4) platform is designed to cater to the unique requirements of Indonesian traders, providing a combination of robust features and an intuitive interface.
MT4 is well-known for its powerful analytical tools, and it offers Indonesians a variety of features such as price analysis, algorithmic trading with expert advisors (EAs), and customizable indicators.
Furthermore, Tickmill’s MT4 caters to a wide range of trading styles, from those who prefer a cautious approach to those who are more aggressive, attributable to its support for multiple order types.
Overall, Tickmill’s MT4 offers highly competitive spreads, starting from as low as 0.0 pips on the Raw account, which is especially beneficial for strategies that require precise spread control.
MetaTrader 5
With the added features of an economic calendar, integrated trading robots, and advanced pending orders, Tickmill’s MetaTrader 5 (MT5) enhances the trading experience beyond the capabilities of MT4.
With an array of timeframes, indicators, drawing tools, and an enhanced strategy tester for EAs, MT5 signifies a significant advancement in trading platform capabilities.
Indonesian Tickmill traders can use MT5 to access a wide range of trading opportunities. Furthermore, this powerful platform allows you to trade forex and CFDs on stock indices, commodities, and bonds.
With the inclusion of hedging options on MT5, risk management is robust, providing Indonesians the tools they need to minimize potential risks.
Tickmill Mobile App
The Tickmill mobile app allows Indonesian traders to manage their trades on the go, extending the functionality of desktop platforms to mobile devices.
With the app, Indonesian traders can easily stay updated across several financial markets, track their trading history, and conveniently make trades using smartphones or tablets.
Furthermore, by offering a seamless trading experience, the mobile app reflects Tickmill’s dedication to providing advanced trading solutions.
In addition, the portability of the Tickmill app makes it extremely useful for Indonesian traders who cannot always be at their desks, allowing for quick responses to market shifts and the ability to take advantage of trading opportunities as they arise.
Can I trade on Tickmill using a mobile device?
Yes, traders can access their Tickmill accounts and trade while traveling with the MetaTrader 4 and MetaTrader 5 mobile applications. Furthermore, Tickmill also offers its native iOS and Android app for managing funds, monitoring positions, and more.
Can I use automated trading systems on the Tickmill platform?
Yes, traders may use automated trading methods by creating or installing expert advisors (EAs) on MetaTrader platforms.
Trading Instruments & Products
Tickmill offers the following trading instruments and products:
➡️Forex – With over 62 currency pairs available, including major, minor, and exotic pairs, Indonesians have ample options for trading and hedging strategies in the dynamic currency markets.
➡️Stock Indices – Indonesian traders can access more than 20 indices representing some of the world’s most prominent stock markets. These indices provide broad market exposure and diversification by combining the performance of leading companies.
➡️Energies – Indonesian traders can access three energy contracts, including significant commodities like oil and natural gas. These instruments allow traders to capitalize on market movements influenced by geopolitical events and environmental policies.
➡️Precious Metals – Indonesians can choose from four precious metals, including gold and silver, safe-haven assets during economic uncertainty. Furthermore, traders often use these metals to hedge against inflation and currency devaluation.
➡️Bonds – Traders can trade four bond instruments, offering investment opportunities in government debt securities. Bonds are recognized for their lower risk than stocks and can provide a steady income stream.
➡️Cryptocurrencies – Indonesians can trade eight cryptocurrencies to participate in the volatile yet potentially lucrative digital currency markets. Despite their relatively new status, cryptocurrencies offer significant volatility and the chance for substantial returns.
Can I trade cryptocurrency on Tickmill?
Yes, Tickmill provides trading in eight cryptocurrencies, allowing traders to profit from digital asset markets.
What kind of commodities can I trade on Tickmill?
Tickmill allows traders to trade commodities, including precious metals, energy, and agricultural items.
Tickmill Spreads and Fees
Spreads
Tickmill provides spreads starting from 0.0 pips for the Raw Account, making it a great choice for traders who handle significant volumes and want to minimize trading costs.
On the other hand, the Classic Account offers spreads starting at 1.6 pips, ensuring a commission-free trading experience for casual retail traders and beginners.
Overall, Tickmill’s spread list is designed to accommodate various trading preferences.
Commissions
Commissions are a standard feature for trading environments that follow the ECN model and apply to the Tickmill Raw Account. A commission of $3 per side per standard lot compensates Tickmill for facilitating the trades of Indonesians.
Furthermore, the Tickmill commission system is designed to promote higher trading volumes and account balances, which could result in lower or reduced fees through the cashback rebates program offered.
Overnight Fees
When positions are held overnight, overnight fees or swaps are debited or credited. The level of leverage determines the fees, the specific instruments involved in the trade, and the position in which traders trade (long/buy or short/sell).
A benefit of Tickmill is that the broker offers Muslim traders the option to convert a live account to a Swap-Free account. Islamic accounts, according to Sharia law rules, do not generate swap interest, and neither are they charged these fees.
However, Indonesians using this account must note that a fixed overnight fee is applied if positions are kept open on the Islamic Account for more than three consecutive days.
Deposit and Withdrawal Fees
Tickmill ensures that traders are not burdened with additional costs when managing their funds, as they do not charge any fees on deposits or withdrawals.
Inactivity Fees
Tickmill allows traders to trade at their own pace without any inactivity fees. Therefore, Indonesian traders can rest assured that they will incur any charges for inactivity. This is especially beneficial for Indonesians who employ long-term strategies.
Currency Conversion Fees
Indonesian traders must note that Tickmill does not offer IDR-denominated accounts and does not accept deposits or withdrawals in IDR. Therefore, when traders deposit or withdraw in IDR, they could face currency conversion fees.
Does Tickmill charge variable or fixed spreads?
Tickmill typically charges variable spreads, which can expand or decrease depending on market liquidity and volatility.
Can I negotiate spreads with Tickmill?
No, Tickmill’s spreads are decided by market conditions and cannot be negotiated.
Overall Rating
- 4.7/5
Min Deposit
100 USD / 1,555,300 IDR
Regulators
Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA
Trading Desk
MT4, MT5, Tickmill Mobile
Crypto
Total Pairs
62
Islamic Account
Trading Fees
Account Activation
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
Deposits
How to Deposit using Bank Wire Step by Step
✅Log into the Tickmill Client Area.
✅Choose “Deposit” from the navigation tab or panel.
✅Opt for the “Bank Wire” option when making your deposit.
✅Provide the currency and the amount you wish to deposit.
✅Tickmill will provide you with the necessary bank information to complete the transfer. Make sure the details are correct before finalizing your deposit.
✅Ensure you finalize the wire transfer using your banking platform and include the reference number in your deposit confirmation.
How to Deposit using Credit or Debit Card Step by Step
✅Log into the Tickmill Client Area.
✅Choose the “Deposit” option and select “Credit/Debit Card.”
✅Provide your card information, including your name, card number, expiration date, and CVV code.
✅Select the deposit currency and indicate the amount you wish to deposit.
✅Confirm the transaction and follow any necessary security verification steps as instructed by your issuing bank.
How to Deposit using Cryptocurrency Step by Step
✅Access your Tickmill Client Area.
✅Click on the “Deposit” button and choose the cryptocurrency you prefer.
✅Tickmill provides a unique address for your deposit.
✅Use your cryptocurrency wallet to transfer the funds to the provided address.
✅Once the network verifies the transaction, the funds will be deposited into your Tickmill account.
How to Deposit using e-Wallets or Payment Gateways Step by Step
✅Access the Client Area on Tickmill.
✅Choose “Deposit” and select the e-wallet or payment gateway that suits you best.
✅Provide your login information for the payment service.
✅Provide the amount and currency for the deposit.
✅Follow the on-screen instructions to authorize the transaction.
Withdrawals
How to Withdraw using Bank Wire Step by Step
✅Navigate to your Tickmill Client Area and locate the “Withdraw” option.
✅Select “Bank Wire” for your withdrawal method.
✅Ensure that your personal information, including your name, bank account number, and bank address, is accurate.
✅Submit the request. Tickmill will typically process your withdrawal request within one business day.
How to Withdraw using Credit or Debit Cards Step by Step
✅Access your Tickmill Client Area.
✅Select the “Withdraw” option and choose “Credit/Debit Card.”
✅Provide the details for the card you used with your most recent card deposit.
✅Submit the request.
How to Withdraw using Cryptocurrency Step by Step
✅Access the Client Area on Tickmill.
✅Click on “Withdraw” and choose the cryptocurrency you want to withdraw.
✅Share the address of your cryptocurrency wallet.
How to Withdraw using e-Wallets or Payment Gateways Step by Step
✅Log in to the Client Area.
✅Choose the “Withdraw” option and then pick your e-wallet or payment gateway.
✅Provide your information for the payment service and submit the withdrawal request.
Does Tickmill impose any deposit fees?
No, Tickmill does not collect fees for deposits. However, Indonesians may face third-party provider charges from their banks and payment gateways.
Is there a minimum withdrawal amount from Tickmill?
Yes, minimum withdrawal amounts might apply depending on the withdrawal method used.
Leverage and Margin
When Indonesians trade with Tickmill, they can expect the chance to boost their trading capabilities through high-leverage options, with a maximum of 1:1000.
With this level of leverage, Indonesian traders can control positions significantly larger than their initial invested capital.
Tickmill’s margin, on the other hand, represents the minimum amount needed in the trading account to start and maintain a leveraged trading position.
Given the high leverage, the margin that Tickmill will require is comparatively low.
For instance, if a trader wants to open a significant position in the forex market, they only need a fraction of the total trade value as actual capital.
Typically, the margin is expressed as a percentage of the total position size. For instance, with 1:1000 leverage, the margin could be as low as 0.1% of the trade size.
However, while this benefits traders and their profitability, they must approach leverage cautiously. Although it can potentially increase profits, it also comes with the risk of losses that could exceed the initial investment.
Tickmill implements protective measures such as margin calls and stop-out levels to mitigate such risks. These measures protect traders’ account balances by automatically closing positions when the margin level falls below a specific threshold, preventing negative balances.
However, while negative balances can be prevented, Indonesian traders can still lose their invested funds if the market turns against their position while they use high leverage.
What margin restrictions apply while trading with Tickmill?
The margin requirements vary based on the trading instrument, account type, and leverage the trader uses.
Are there any margin call or stop-out thresholds at Tickmill?
Yes, Tickmill uses margin calls and stop-outs to safeguard traders from excessive losses and maintain account integrity.
Educational Resources
Tickmill offers the following educational resources:
➡️Educational Articles – The educational articles cater to beginners and advanced Indonesian traders, offering valuable insights into the forex market and various trading techniques, ensuring a comprehensive understanding of trading concepts for both beginners and advanced traders.
➡️Market Insights – Tickmill’s market insights offer Indonesians a competitive edge by analyzing current trends and predicting future movements, enabling informed decisions and effective trading strategies based on the most up-to-date market data.
➡️Webinars – Tickmill’s webinars provide Indonesians with real-time interaction with industry experts, covering topics like market updates and trading strategies, allowing them to ask questions and gain valuable insights.
➡️Seminars – Tickmill offers interactive seminars for traders, allowing them to engage with experts and peers on algorithmic trading and market techniques while also providing networking opportunities.
➡️eBooks – Tickmill’s eBooks offer self-paced learning for traders, providing structured lessons on forex trading basics and advanced analysis methods.
➡️Video Tutorials – Tickmill’s video tutorials aid traders in understanding complex trading concepts and platform features, including platform navigation and technical analysis.
➡️Infographics – Tickmill employs infographics to simplify complex forex market data and patterns, enhancing traders’ understanding and retention of market information.
➡️Forex Glossary – Tickmill’s Forex Glossary is a valuable resource for novice traders in Indonesia, providing clear explanations of essential trading terms and concepts.
➡️Fundamental Analysis – Tickmill’s fundamental analysis resources offer beginner and professional Indonesian traders regular updates and blogs beyond traditional news sources, providing insights into market-moving events and their potential impact on market movements.
➡️Technical Analysis – Tickmill provides technical analysis resources for Indonesians, letting them identify trading opportunities based on chart patterns and market trends, including tools like Autochartist, which are especially useful.
Are Tickmill’s educational resources updated often?
Yes, Tickmill’s educational resources are regularly updated to reflect market trends, new trading tactics, and changes in regulatory requirements.
Can I obtain credentials or qualifications through Tickmill’s educational programs?
No, Tickmill does not provide official credentials or degrees; nevertheless, traders can learn essential information and abilities by participating in educational programs.
Bonuses and Promotions
While reviewing Tickmill’s overall offer, we extensively examined the bonus offerings tailored to meet the needs of the active trading community in Indonesia.
We’ve found a well-organized incentive program that caters to beginners and experienced traders in this thriving financial market.
One impressive aspect is the $30 Welcome Account, providing a valuable opportunity for individuals new to trading.
We found that it offers a secure platform for new traders to gain hands-on trading experience without requiring an upfront investment. This is especially advantageous for those needing to practice their skills without financial obligations.
Next, we believe that experienced traders can take advantage of the “Trade More, Get More” promotion, which presents a tempting chance to earn up to $0.75 per lot traded.
This rebate system is a forward-thinking incentive structure promoting ongoing trading engagement. It’s an invaluable resource for traders seeking to improve their trading experience and earn rewards for their loyalty to the Tickmill platform.
In addition, Tickmill’s NFP Machine offers a thrilling trading experience with its prediction contest tied to the release of Non-Farm Payroll data.
This contest encourages Indonesians to enhance their analytical skills and stay informed about global economic events by offering substantial cash prizes for accurate forecasts.
Last on our list, the “Trader of The Month” award showcases Tickmill’s dedication to acknowledging outstanding trading performance.
This monthly prize pool of $1,000 recognizes traders who exhibit disciplined trading methods, prudent risk management, and substantial profit-making in addition to their accomplishments.
This initiative encourages Indonesian traders to strive for excellence in trading performance, fostering a healthy sense of competition.
Can I receive a bonus for referring friends to Tickmill in Indonesia?
Yes, Tickmill provides a referral program that rewards you for referring friends and family in Indonesia to register a Tickmill account and start trading.
What are the prerequisites for Tickmill bonuses and promotions in Indonesia?
Each incentive or offer has unique restrictions and limitations, such as trading volume requirements or time constraints. Before you participate, we urge you to read the details carefully
Affiliate Programs
Features
As evaluators, we have thoroughly analyzed Tickmill’s Affiliate program, which offers a great opportunity for Indonesian traders to partner with a globally respected broker and earn substantial commissions.
Our analysis of the program highlights its unrestricted pay-out structure, which is highly appealing to affiliates to increase their income.
This is not your average CPA deal. Instead, it is a partnership with a multi-asset regulated broker well-known for its exceptional trading conditions. These conditions include fast order execution, narrow spreads, and flexible leverage options.
The affiliate program is designed to provide a multitude of trading opportunities, allowing Indonesian affiliates to offer clients a diverse range of assets across various classes.
Furthermore, we also found that the process of deposits and withdrawals is incredibly smooth, providing a wide range of options for quick and hassle-free transactions, which can greatly benefit Indonesian traders.
In addition, we found that when you partner with Tickmill, you gain access to reliable payments, advanced performance tracking with CellXpert, a dedicated Affiliate Manager, and effective marketing tools that can boost your conversion rates.
How to Register an Affiliate Account with Tickmill Step-by-Step
We’ve gone through the process of registering a partner account with Tickmill, allowing Indonesians to see how quick and easy registration is.
Step 1 – Go to the Partner tab.
Visit the Tickmill website and hover your mouse over the “Partnerships” section, located in the top left corner of the homepage, between the “Promotions” and “About Us” tabs.
Step 2 – Click on the Affiliate section.
Click “Affiliate Program (CPA)” to access the designated affiliate page, where you can thoroughly understand the program’s offerings and how they specifically cater to Indonesian affiliates.
Step 3 – Proceed with the process.
After you’ve read through the information, choose “Become a CPA Affiliate With Tickmill” to proceed with the registration process.
Step 4 – Complete the form.
Complete the online application and ensure that you provide accurate information. Select Indonesia as your country of residence to ensure compliance with local regulations and maximize available opportunities.
Step 5 – Verify your email.
Once you’ve submitted your application, keep an eye on your email inbox. Tickmill will send you an important confirmation message to verify your intent to become an affiliate. Please click on the link provided in the confirmation email to complete the activation of your affiliate account. We found that this step is essential to start your partnership with Tickmill.
Does Tickmill provide an affiliate program for Indonesian individuals or businesses?
Yes, Tickmill provides a multi-tier affiliate network that lets individuals and businesses in Indonesia refer new clients and earn income.
Are there any unique prerequisites or limits to becoming a Tickmill affiliate in Indonesia?
Yes. Tickmill might have certain qualifying requirements and limitations for its affiliate program. Therefore, we encourage Indonesians to read the affiliate agreements for eligibility and limits.
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 FXView Support 3/5
Response Time
📞 Support Channel ⏰ Average Response Time 👥 User-based Response Time Phone 5 minutes 2 – 6 minutes Email Same-day Same-day Live Chat Instant 2 – 3 minutes Social Media 10 minutes 7 – 9 minutes Affiliate 1 working day 1 working day
Does Tickmill provide customer service in Bahasa Indonesia?
Yes, Tickmill provides multilingual customer service, including Bahasa Indonesia, through live chat, email, and phone.
Is there a Tickmill office in Indonesia that offers in-person support?
No. Tickmill does not have a physical presence in Indonesia. However, its online service channels are well-equipped to help Indonesian customers.
Social Responsibility
We found that Tickmill firmly feels that a company’s success isn’t just about generating money but also about having a good influence on society when we looked at their Corporate Social Responsibility (CSR) policies.
Exploring their website—particularly the “About Tickmill” section—we discovered proof of their sincere commitment to using their CSR initiatives to effect good change.
One noteworthy feature is their affiliation with educational institutions such as the University of Cyprus. They actively participate in offering pupils real-world experience, not merely donate money.
To us, this demonstrates their dedication to not just making investments in the next generation of workers but also assisting them in acquiring the abilities required to thrive in the current global economy.
We believe that Tickmill’s commitment to reducing educational disparities and helping underprivileged children is demonstrated by its cooperation with charitable groups such as the “Keeping Kids in School” program in Mexico.
Furthermore, their collaborations with “Off-Road Kids” in Germany and “Fundraising” in Cyprus further showcase their dedication to supporting underprivileged populations and demonstrate that their influence extends beyond financial gain.
Participation in green initiatives demonstrates that Tickmill also understands the value of environmental protection.
This element of their corporate social responsibility plan shows their dedication to sustainability and recognizes companies’ important role in protecting the environment for coming generations.
Through these several CSR projects, Tickmill provides a model of corporate responsibility. They demonstrate that their company principles are firmly based on improving society and the environment, indicating that their attention goes beyond generating profits to have a real-world effect.
Tickmill User Comments and Reviews
We explored what existing clients have to say about Tickmill, and here’s what we found:
➡️”I’ve worked with Tickmill for a few months now, and I like how open they are. There are no nasty shocks or secret fees.
➡️”Withdrawals and deposits are quick and simple. It takes less than a day when I use a local bank transfer.
➡️”The trade events on Tickmill are a fun way to see how good you are at trading, and you could win cash prizes.”
➡️”Their phone app makes trading easy while you’re on the go. All of the tools from the website are there, and the interface is easy to use.
Top 10 Forex Brokers
Broker
Rating
Regulators
Min Deposit
Leverage
Website
Top 10 Forex Brokers
Broker
Rating
Min Deposit
Leverage
Conclusion
In our experience, Tickmill is a popular choice for Indonesian traders interested in the forex and CFD markets due to its low spreads, multilingual customer service, and diverse educational resources.
According to our research, Tickmill operates under a strong regulatory environment, monitored by institutions like the FCA and CySEC, ensuring security and transparency.
Our Insight
In my experience, is Tickmill a decent broker for Indonesian traders. However, they are not regulated in Indonesia and do not offer an IDR-denominated account option. An up side is that they charge zero deposit or withdrawal fees.
Our Recommendations on Tickmill
While we believe that Tickmill could suit various Indonesian traders, from beginners to pros, there are still some areas where Tickmill could improve its offering to Indonesian traders, including the following:
➡️While Tickmill provides a website and customer support in Indonesian, they can consider delivering educational resources in Bahasa Indonesia to reach most traders.
➡️Tickmill should consider integrating popular Indonesian payment options such as OVO, Gopay, DANA, and local bank transfers to facilitate deposits and withdrawals for Indonesian traders.
➡️The broker could participate in community activities and form collaborations with local groups to demonstrate their dedication to corporate social responsibility in Indonesia.
➡️They can provide trading instruments that cater to the special interests of Indonesian traders, such as commodities and indices relevant to the Indonesian market.
Tickmill Pros & Cons
| ✅ Pros | ❌ Cons |
| Several reputable regulatory entities oversee Tickmill | Tickmill is not locally regulated in Indonesia and offers no IDR-denominated account options |
| There are several financial markets and their corresponding trading instruments offered across accounts and platforms | Tickmill reduced its account offering to two retail accounts instead of 3 |
| Tickmill offers comprehensive educational materials and tools to Indonesian traders | Higher leverage can lead to substantial monetary loss regardless of negative balance protection |
| There are commission-free trading options available with Tickmill | Tickmill offers a smaller instrument portfolio than other notable competitors |
you might also like: Saxo Bank Review
you might also like: PrimeXBT Review
you might also like: Pepperstone Review
you might also like: IC Markets Review
you might also like: FXView Review
Frequently Asked Questions
Can Indonesians legally trade using Tickmill?
Yes, Indonesians can use Tickmill’s services. However, Indonesians must familiarize themselves with any special laws imposed by the Indonesian financial authorities (OJK) when dealing with international brokers.
Does Tickmill have a physical office or a specialized service team in Indonesia?
No, Tickmill does not have a physical office in Indonesia. Their service is mostly provided online via live chat, email, and international phone lines.
Does Tickmill run any competitions or promos exclusively for Indonesian traders?
Yes, Tickmill frequently offers promotions, including a 30 USD no-deposit bonus and various trading contests. To stay updated on these bonuses, traders can follow Tickmill on social media or subscribe to the newsletter.
How long does Tickmill’s withdrawal take?
Tickmill typically processes withdrawals within one business day, allowing Indonesians to retrieve their funds quickly.
What are the average spreads for popular currency pairings such as EUR/USD when trading with Tickmill in Indonesia?
Spreads on Tickmill might vary depending on market circumstances and your account type, typically from 1.6 pips on the Standard Account and 0.0 pips on the Raw Account.
What is Tickmill’s minimum deposit?
Tickmill’s minimum deposit on the Raw and Classic Account is 1.5 million IDR, or $100.
Is Tickmill a safe broker?
Yes, Tickmill is an extremely safe broker for Indonesian traders despite its lack of local regulations. Instead, Tickmill is regulated in several other regions by the Seychelles FSA, FCA, CySEC, Labuan FSA, and FSCA.
Does Tickmill provide Sharia-compliant or Islamic trading accounts?
Yes, Tickmill offers Islamic swap-free accounts to traders who follow Sharia standards. These accounts have unique conditions that prevent interest-based transactions.
What can I trade with Tickmill?
Indonesians can trade in various markets, including commodities, forex, stocks, indices, bonds, and cryptocurrencies.
Where is Tickmill based?
Tickmill is headquartered in Seychelles but has offices in South Africa, Labuan, Cyprus, and the United Kingdom.
