FPA Rating (3.5/5)MT4, MT5
1:500 (varies by regulator/account)
FCA, CySec, FSCA, LFSA, MiFID
In the world of online trading, Tickmill has undergone a remarkable transformation, evolving from a simple MetaTrader platform provider into a versatile multi-asset broker. With an expanding array of trading platforms and ultra-competitive spreads on its commission-based VIP and Pro accounts, Tickmill is setting new standards in the industry.
It holds authorization from two Tier-1 regulators, including the Financial Conduct Authority (FCA) and the European Union via MiFID.
Tickmill offers a diverse range of 725 tradeable symbols, including CFDs on currency pairs, indices, metals, bonds, and cryptocurrencies. Additionally, there are 109 symbols available for futures and options trading, accessible through a dedicated account.
Tickmill stands out as a broker tailored for high-volume, high-balance traders interested in popular forex and CFD instruments. While it excels in pricing and offers a variety of copy-trading platforms, it may not be the best choice for those seeking a broader range of markets and extensive educational materials.
Tickmill is known for its commitment to regulatory excellence. It operates under regulation in multiple Tier-1 and Tier-2 jurisdictions, which ensures a secure and trustworthy trading environment for its clients.
Tickmill offers highly competitive pricing, especially on its Pro and VIP accounts. This makes it an attractive choice for active traders who are looking for cost-effective trading options.
Tickmill provides a comprehensive selection of trading platforms, including the complete MetaTrader suite and various platform add-ons. This diverse offering caters to the needs of a wide range of traders, from beginners to professionals.
Tickmill, despite recent expansion, still offers a limited range of tradable assets compared to some of the best forex brokers. This may not be suitable for traders looking for a broader selection of instruments.
The Classic account at Tickmill is not as competitively priced as the Pro and VIP accounts. Traders seeking lower spreads may find more favorable options elsewhere.
While Tickmill offers educational resources, including webinars and live courses, it may not have as extensive educational articles compared to some other brokers. Traders who rely heavily on educational content may find it lacking in this aspect.
4/5Tickmill is highly competitive when it comes to commissions and trading fees, particularly on its Pro and VIP accounts. Here's how Tickmill rates for commissions and trading fees:
Pro Account: Tickmill's Pro account offers traders a cost-effective option. It features a per-trade commission, which, when combined with the lower prevailing spreads, results in competitive overall trading costs. This account is ideal for most traders who prefer low-cost trading.
VIP Account: For traders who can maintain a minimum balance of $50,000, Tickmill's VIP account offers even more attractive pricing. With a low commission of $1 per standard lot (100,000 units) or $2 per Round-Turn (RT), along with effective spreads, it is a compelling choice for high-volume traders.
Classic Account: The Classic account is entirely commission-free, and traders only pay the bid/ask spread. However, it's worth noting that the average spreads for the Classic account are higher compared to the Pro account. Traders who prioritize tighter spreads may prefer the Pro or VIP accounts.
Overall, Tickmill's Pro and VIP accounts, with their competitive pricing structures, make it a strong contender in terms of commissions and trading fees, especially for active traders. However, it's essential for traders to choose the account type that aligns with their trading style and preferences.
4/5Tickmill offers a range of trading tools that cater to various needs. Here's an assessment of Tickmill for trading tools:
Platform Selection: Tickmill provides a diverse selection of trading platforms, including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are favored by many traders for their versatility and robust features. Additionally, Tickmill offers platform add-ons and specialized trading platforms like CQG and AgenaTrader for futures and options trading. The availability of the TradingView platform further enhances the charting capabilities.
Trading Tools: Tickmill offers a comprehensive suite of trading tools, including FX Blue's Advanced Trading toolkit and Autochartist integration. These tools aid traders in technical analysis and decision-making. Moreover, Tickmill provides VPS hosting, which is valuable for algorithmic traders seeking low-latency execution.
Market Research: While Tickmill offers market research tools, it may not match the depth and personalization of industry leaders. However, it produces daily articles, technical and fundamental analysis, and integrates forex news headlines from Investing.com. The inclusion of an economic calendar and interactive sentiment data adds value to its research offerings.
Copy Trading: Tickmill facilitates copy trading through platforms like Pelican Trading and Myfxbook's AutoTrade feature. These options enable traders to follow the strategies of experienced traders, enhancing the social aspect of trading.
Overall, Tickmill provides a solid array of trading tools that can meet the requirements of a broad spectrum of traders. The availability of multiple platforms, trading tools, and copy-trading options contributes to Tickmill's appeal as a broker with a comprehensive toolset for traders. However, traders should assess their specific needs and preferences when choosing the tools that best suit their trading strategies.
3.5/5Tickmill offers a reasonably diverse range of tradeable symbols, including currency pairs, indices, metals, bonds, and cryptocurrencies. This variety allows traders to access multiple asset classes and explore different trading opportunities. Additionally, the inclusion of futures and options trading symbols adds depth to its market offerings.
However, Tickmill's market selection may not be as extensive as some of the industry's largest brokers. Traders seeking access to an even broader array of tradable assets might find other brokers more suitable for their needs. Nonetheless, for many traders, Tickmill's available markets provide ample opportunities for diversification and active trading.
We help answer some common questions traders asked about Tickmill
Tickmill is a multi-asset broker that provides online trading services. It offers access to various financial instruments, including forex, indices, metals, bonds, and cryptocurrencies. Tickmill provides different types of trading accounts, platforms, and tools to facilitate trading.
Yes, Tickmill is regulated in several jurisdictions, including Tier-1 and Tier-2 regulatory authorities. The broker's commitment to regulatory compliance helps ensure a secure and transparent trading environment for its clients, making it a reputable and safe option for traders.
Tickmill offers various account types, including Classic, Pro, and VIP accounts. The choice of account depends on your trading style and preferences. Classic accounts are commission-free, while Pro and VIP accounts feature competitive pricing with a per-trade commission. Traders should select an account that aligns with their trading objectives.
Tickmill offers a selection of trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are popular among traders for their versatility. Additionally, Tickmill provides platform add-ons, specialized trading platforms for futures and options, and access to TradingView for advanced charting.
Yes, Tickmill provides educational content, including webinars, eBooks, and live courses. The broker also offers research tools, such as daily articles, technical and fundamental analysis, an economic calendar, and third-party integrations like Autochartist. These resources can help traders enhance their skills and make informed trading decisions.
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