Tickmill Review 2022 – By an Expert Trader

Tickmill is an award-winning and trustworthy STP broker that relies heavily on industry-standard platforms to enable fast execution. In this Tickmill review, the pros and cons of trading with this broker. With a strong education section, the availability of both MT4 and MT5, additional premium tools at no extra cost, and excellent trading conditions on its commission-based accounts, Tickmill appeals to the serious beginner and more experienced broker in the UK. Tickmill offers the standard out-of-the-box experience for MT4 and MT5. The CQG platform is available for futures and options (for U.K. traders). While TradingView, a popular web platform known for its powerful charting, can be connected to any Tickmill account.

Is Tickmill Safe?

Tickmill was founded in 2014 and is regulated in one tier-1 and two tier-2 jurisdictions, making it a safe (average-risk) broker for trading forex and CFDs. Tickmill offers CFDs on currency pairs, indices, metals, bonds, and cryptocurrencies, with a total of 85 tradeable symbols. There are at least 62 futures and options symbols available, all of which can be accessed through a distinct dedicated account. Tickmill also offers cryptocurrency trading through CFDs, but not through direct trading of the underlying asset (e.g. buying Bitcoin).

Tickmill Review: Frequently Asked Questions

Tickmill Review: Pros

Here are some advantages of trading on the Tickmill platform. 1. Tickmill offers the complete MetaTrader suite, as well as platform add-ons, putting it in direct competition with other forex brokers. 2. Tickmill’s Pro and VIP account pricing is extremely competitive, allowing traders to finish first in Commissions and Fees for the second year in a row in 2022. Tickmill’s Classic account has less competitive pricing. 3. Tickmill offers a reliable trading platform for professionals. For futures and options trading, it offers the CQG platform ($1,000 deposit required). 4. Tickmill publishes daily technical and fundamental analysis articles on its Expert Blog, as well as video updates on its YouTube channel. Tickmill’s third-party research tools are particularly impressive; the Autochartist plugin automates technical analysis, forex news headlines are streamed from Investing.com, and the broker’s economic calendar is powered by Myfxbook. Tickmill also has a dedicated Facebook group and a Telegram channel where it distributes content. 5. Tickmill does an excellent job of balancing market coverage and research content. There are articles on technical analysis for new forex traders, as well as products such as the Weekly Live Markets & Trade Analysis series, which look at market fundamentals. 6. Tickmill also have a YouTube channel with archived webinars, technical and fundamental analysis videos, and news updates, such as its daily Chart Hits series of one-minute updates. On the Tickmill website, there are widgets providing crucial information from Acuity Trading.

Tickmill Review: Account Types

This broker has three different types of accounts especially for forex traders: Classic, Pro, and VIP. Tickmill is suitable for live traders and VIP traders, as it offers the most competitive pricing in the trading industry.

1. Classic accounts:

Most traders simply pay the bid/ask spread on the Classic account, which has no commissions. However, the average spread on this Classic account is substantially higher than on the other two accounts.

2. Pro Account:

A per-trade commission is charged on both the Pro and VIP accounts, which is subsequently added to the lower prevailing spreads. The Pro account will be excellent foremost forex traders due to its low commission rate, low-cost spreads, and availability of 75 instruments and 62 currency pairs.

3. Vip Versus Pro Accounts:

Traders who open a VIP account with Tickmill must have a minimum balance of $50,000 to benefit from the low commissions of $1 per standard lot (100,000 units) or $2 every Round-Turn (RT) – and effective spreads of 0.27 pips after commissions.

4. Active Trader Discounts:

Tickmill has three tiers for traders with rebates starting at $0.25 per standard lot (for up to 1,000 standard lots per month) and up to $0.75 per standard lot (for more than 3,001 standard lots per month) at tier-3. It’s worth noting that Tickmill has released a proprietary mobile app dedicated just to account administration (no trading). Because Tickmill is a MetaTrader-only broker, iOS and Android versions of the MT4 and MT5 apps (the latter only in the United Kingdom) can be downloaded from the Apple App Store and Google Play Store.

Risk Levels Associated with Tickmill:

With an overall Trust Score of 81 out of 99, Tickmill is considered moderate risk. Tickmill isn’t a publicly-traded company but doesn’t run a bank. One tier-1 regulator (high trust), two tier-2 regulators (medium trust), and no tier-3 regulators have approved Tickmill (low trust). Tickmill is a reliable forex broker for traders of all other levels due to its great customer service, order execution speed, and spread size. New traders need to evaluate the advantages of trading forex with numerous brokers from the start of their trading careers. As a result, it’s a good idea to diversify your investments by using several forex brokers. It also facilitates the trader’s portfolio diversification.

Tickmill Review: Drawbacks

Its narrow market range, limited research material, and lacklustre educational content are all disadvantages to consider. While the VIP account offers very cheap pricing, there are other forex brokers to consider. Tickmill’s status as a multi-asset broker is mostly due to the launch of MT5 and the addition of TradingView from its U.K. and EU entity. Tickmill has also added the CQG platform for futures and options trading to the mix (U.K.-only). Despite its absence of a unique platform, Tickmill has made significant progress in expanding its platform services, putting it in direct rivalry with the industry’s top brokers.

Conclusion:

Tickmill is a standard MetaTrader broker with a restricted variety of tradable securities. Tickmill’s VIP and Pro accounts offer highly competitive commission-based pricing for professionals. Please note that this content is provided solely for informational reasons and should not be construed as investment advice or a recommendation.