Tickmill has an overall Trust Score of 81 out of 99, which means it’s safe. It is not traded on the stock market and does not run a bank.It has been approved by a high-trust tier-1 regulator, two tier-2 regulators ”medium level of trust”, and the ”zer0” tier-3 regulators (low trust). One of Tickmill’s top regulators is the Financial Conduct Authority, which is a Tier 1 regulator (FCA). Find out more about the Trust Score.
Comparison of Regulations
Tickmill provides CFDs on currency pairs, indices, metals, bonds, and cryptocurrency, totaling 85 tradeable symbols. Additionally, futures and options traders have access to at least 62 different symbols via a separate account. Tickmill clients can choose from a variety of investment options in the following table.
Tickmill offers cryptocurrency trading via CFDs, but not directly through the underlying asset (e.g. buying Bitcoin). Nota bene: Cryptocurrency CFDs are not available to retail traders or residents of the United Kingdom through any broker’s United Kingdom entity.
Tickmill investment offering
Fees and commissions
”Classic, Pro, and VIP” are the three types of Tickmill accounts available. The bottom line is that Tickmill is the ideal option both active as well as VIP traders because it offers pricing that is competitive with lowest cost broker in the market.
”Traders are needed to make payment for the bid spread on the Classic account” The Classic account’s typical spreads, on the other hand, are significantly higher than those of Tickmill 2 other account’s categories.
As of September 2021, Tickmill’s Pro account has an usual spread of 0.07 pips for the EUR/US dollar. Adding that RT commissions equivalency of 0.4 pips ”$2 US dollar per side” brings the total cost to 0.47 pips; Tickmill also records typical spread data during normal market situations ”when spreads are narrower”.
Each time you make a trade with a Pro or VIP account, you pay a small fee. This fee is added to the lower spreads that are already there. ” The Pro account” is appropriate for the majority of traders due to its low fee rate, minimal spreads, and wide selection of 75 tools & sixty-two currencies pairings.
After commissions, traders who opt for Tickmill’s VIP account a budget range of fifty thousand USD must be maintained. However, they will benefit in part due to its cost-effective spreads and low operating costs – $1 per standard lot (100k units) or $2 per Round-Turn (RT) (after commissions) of 0.27 pips. VIP accounts are also more expensive than Pro accounts. While a one hundred usd deposited amount is required for the Pro account, commissions are increased to $4 for each round-turn standard lot.
To reward active traders, Tickmill has three tiers of rebates. The first tier is for traders who trade up to 1,000 standard lots each month, and the third tier is for active traders who trade more than 3,001 standard lots each month; they get $0.25 back for every standard lot they trade.
Apps for mobile trading
Given that Tickmill is solely a MetaTrader broker, it offers iOS and Android versions of the MT4 and MT5 trading platforms (the latter of which is only accessible U.K), which can be downloaded from the Apple App Store as well as Google Play Store. It’s important to keep in mind that Tickmill recently launched a dedicated new app for account administering (no trading).
Other trading systems are available
As Tickmill continues to establish itself as a multiasset broker, the company’s U.K. and EU entities have launched MT5 and added TradingView to their respective product suites. As part of its expansion, Tickmill has recently integrated the CQG platform for futures and options trading (U.K.-only). Tickmill has made significant progress in the growth of its platform services, putting it in direct rivalry with the industry’s leading brokers – despite the fact that it does not have its own platform.
Some information about how to trade on this platform: It is only possible to trade with Tickmill through the MetaTrader platform, and it offers the same default settings like most other brokers for both MetaTrader 4 and MetaTrader 5 clients. CQG is the platform of choice for futures and options traders in the United Kingdom, while TradingView – a well-known web platform renowned for its superior charting – can be linked to your Tickmill account for futures and options trading (although I was not able to do this during our testing).
FX Blue provides a bunch of critical add-ons as a portion of its Innovative Trading toolkit package, as well as Tickmill, has integrated Autochartist connectivity into their trading platform. Additionally, Tickmill provides virtual private server (VPS) hosting, which is a useful feature for algorithmic traders.
Tickmill platform for trading
Conduct market research
If you want to do market research, Tickmill is a company that is good at what they do and keeps getting better at it. In terms of depth, personalization, and overall quality, Tickmill continues to fall short of industry leaders like IG and Saxo Bank.
Daily articles on the Tickmill Expert Blog, which include technical and fundamental analysis, are published on the company’s YouTube channel, which also includes video updates. One of the most impressive features of Tickmill is its integration with third-party research tools, such as the Autochartist plugin, which allows for automated technical analysis, the Investing.com forex news feed, and the Myfxbook economic calendar. Facebook and Telegram are also used by Tickmill to distribute content, with a dedicated page for each.
Tickmill excels at providing both news and commentary.
The Weekly Live Markets Trade Analysis series examines market fundamentals and is supplemented by technical analysis pieces.
Tickmill’s YouTube channel also features “archived webinars,” technical and fundamental analysis videos, and news updates.
Tickmill’s YouTube channel also features “archived webinars,” technical and fundamental analysis videos, and news updates;
Finally, Tickmill’s website features sentiment data from both the CME and Acuity Trading, as well as widgets that combine the two sources.
Tickmill, in addition to the native MetaTrader Signals market, offers three social copy-trading platforms that are integrated with your MetaTrader account. Pelican Trading and Myfxbook’s AutoTrade feature are available at the firm’s US and EU locations, but not in the United Kingdom or the European Union. Although Tickmill does not promote ZuluTrade for copy trading, it is available.
Research on Tickmills
Tickmill’s educational content is about the same as what the industry usually has available for people to learn about. Tickmill has a large collection of recorded webinars, but there are no educational videos or articles to accompany them.
In the learning center, you can take live educational classes, look at informative eBooks and infographics, and watch weekly webinars in different languages that are available on YouTube. Likewise, Tickmill’s website features educational materials for futures trading, which are facilitated by the CME.
The scope and variety of media used in Tickmill’s educational offerings keep expanding. Text pieces predominate and are sparsely spaced out because there is no video content available at this time An important organizational change would be to set up a separate educational portal that lets users filter content based on their level of expertise. Some of the best brokers include quizzes and progress tracking in their lesson plans, which Tickmill does not yet.
When it comes to forex and CFD trading, Tickmill is most advantageous to traders who conduct high volumes of transactions and have a large balance and who want to trade only the most popular FX and CFD instruments. Tickmill’s MetaTrader platform is complemented by a robust selection of copy trading platforms and a variety of account types with varying pricing structures.
Consider its drawbacks, which include a narrow market reach, a scarcity of research data, and subpar educational content. While the VIP account is extremely competitive in terms of pricing, traders may consider other forex brokers in 2022.