It is crucial to read the broker review before trading with the broker. You can find the Tickmill review in detail below. Tickmill is regarded as a medium-risk broker, with a fairly good trust score (81/99). Tickmill is not publicly traded and doesn’t run a bank. The broker is approved by one top-tier regulator (FCA), two tier-2 regulators, and no tier-3 regulators.
Investment Options
Contents
Tickmill provides more than 80 different tradeable symbols, including CFDs on currency pairings, indices, metals, bonds, as well as crypto. There are also more than 60 symbols accessible for futures and options investing, all of which require a separate account.
Crypto trading is possible at Tickmill via CFDs and not through purchasing bitcoin, e.g the underlying asset.
It should be noted that crypto CFDs aren’t accessible to retail traders through any broker’s United Kingdom business, nor are they accessible to United Kingdom residents.
The list below outlines the various investment options accessible to Tickmill users.
- Cryptocurrency (CFD)
- Copy Trading
- Forex Trading
- CFD Trading
- 87 Tradeable Symbols in total
- 62 Forex Pairs in total
Tickmill Review – Pricing
Tickmill has 3 types of accounts: Classic, Pro, & VIP. Key point: The broker is excellent for active as well as Premium traders, who do have accessibility to pricing that rivals with the industry’s cheapest brokers.
Classic accounts are completely free of commission, with traders just paying the bid/ask spread. The Classic account’s regular spreads, on the other hand, are significantly greater than those of Tickmill’s remaining account options.
Spreads: Tickmill offers 0.07 pips as an average spread for the EUR USD currency pair on their Pro account. It’s important to note, though, that the total cost is 0.47 pips once the RT commission amount of 0.4 pips ($2 on each side) is factored in. It should be noted that the broker collects typical spread data throughout regular market circumstances.
The Pro & VIP accounts all carry a per-trade fee that is applied to the reduced prevailing spreads. The Pro account would be perfect for the majority of traders due to its low commission fees, low spreads, and providing 75 instruments as well as more than 60 currency pairings.
Tickmill Review – Mobile
Because Tickmill is an MT-only broker, iOS and Android editions of the MetaTrader4 and MetaTrader5 apps (the MetaTrader5 is only accessible in the United Kingdom) are included and may be downloaded from the App Store and the Play Store. It should be noted that Tickmill has released a customized mobile app just for account managing (no trading).
- Android App
- Apple iOS App
- Alerts – Basic Fields
- Watch List
- Charting – Multiple Time Frames
- Charting – Drawings Autosave
- Forex Calendar
- 30 Charting Indicators
- Charting – Draw Trendlines
Different Platforms
Tickmill is cementing its position as a multi-asset brokerage with the introduction of MetaTrader5 from the United Kingdom and European Union entities, and also the integration of TradingView. The broker has also included the CQG platform for futures trading as well as options trading (the United Kingdom only). Despite the absence of its own platform, the broker has made significant progress in expanding its platform options, placing it in rivalry with the industry leaders.
Tickmill is an MT-only broker that provides the normal no-frills experience for MetaTrader4 and MetaTrader5. For futures and options (for United Kingdom users), the CQG platform is accessible, whereas TradingView – a famous web platform noted for its sophisticated charting – can be linked to the Tickmill profile.
Trade add-ons: FX Blue offers significant add-ons as a component of the Advanced Trading toolset bundle, while Tickmill has added Autochartist connection. The broker also offers VPS hosting, which is a handy tool for traders who are using algorithmic trading.
Market Analysis & Research
The broker’s market research service is competent, and it develops in this field year after year. However, the broker can’t compare to the leaders in the industry such as IG & Saxo Bank in terms of depth, customization, and general performance.
Tickmill publishes daily updates on its Expert Blog including technical and structural analysis, as well as videos on its YouTube page. The broker’s third-party research features are particularly impressive; the Autochartist plugin enables automatic technical analysis, and forex news updates from Investing.com are streamed in real-time.
Market updates & analysis: The broker does an excellent job of balancing quality market coverage by including a healthy dose of research information. There are also technical analysis materials, as well as options such as the Weekly Live Markets series, which examine market basics.
The broker provides 3 social trading platforms that can connect directly to the trader’s MT account. There seems to be Pelican Trading & Myfxbook’s AutoTrade tool, although they aren’t available from the firm’s the United Kingdom and European Union locations. ZuluTrade too is accessible for social trading, although it is not explicitly stated on the broker’s site.
- Social Sentiment – Currency Pairs
- Economic Calendar
- Daily Market Commentary
- Forex News (Top-Tier Sources)
- Autochartist
Training & Education
Tickmill’s instructional material is roughly in line with the industry standard. Tickmill offers access to a substantial archive of webinars, but it misses a range of instructive videos & texts.
Highlights comprise live instructional classes, a collection of extensive eBooks, infographics, as well as regular webinars that are available in several languages and posted on YouTube. The broker’s website also has instructional materials for understanding futures, which are supplied by the CME.
The broker continues to extend its instructional offering, both in terms of content and style diversity. Nevertheless, it now lacks a lot of video material, and text pieces are rare.
Tickmill Review – Verdict
Tickmill is most useful for traders with high balances who only want to trade the most prominent FX and CFD products. Tickmill supplements its MT offering with a fair selection of social trading platforms, and also several account choices with different price plans.
We are considering its narrow market reach, small number of research materials, and weak instructional content as downsides. Although the VIP account offers incredibly competitive pricing, there are other brokers to pick in 2022.
