Forex Tickmill is a standard MetaTrader broker with a restricted variety of tradeable assets. Tickmill’s VIP and Pro accounts offer highly competitive commission-based pricing for professionals.
Key Takeaways:
- Tickmill is a MetaTrader broker with a limited number of tradeable assets, offering competitive commission-based pricing for professionals.
- Tickmill has a trust score of 83 out of 100, considered a lower-risk organization, regulated by top-tier authorities.
- The broker offers CFDs on currency pairs, indices, commodities, bonds, and cryptocurrencies, with 85 tradeable symbols.
- Tickmill has three account types: Classic, Pro, and VIP, with varying commission structures and spreads.
- The Pro and VIP accounts offer highly competitive pricing, with the VIP account requiring a minimum balance of $50,000.
- Tickmill offers rebates for active traders, with a three-tier structure.
- The broker provides additional platforms for trading, including TradingView and MT5, and offers VPS hosting and Autochartist connectivity.
- Tickmill’s market research and educational content are competitive but still lag behind industry leaders.
Is Tickmill safe?
If we’ve to rate the trust score of Forex Tickmill, then it’ll be 83 from a total of 100; Tickmill is a lower-risk organization. Tickmill operates as a privately held company and does not offer banking services. The company has obtained approval from a high-trust tier-1 agency and two medium-trust tier-2 regulators, along with low-confidence tier-3 agencies. The Financial Conduct Authority, a tier-1 authority, oversees Tickmill (FCA). To learn more about the Trust Score, click here.
Offering Investment Opportunities
Tickmill offers CFDs on currency pairings, indices, commodities, bonds, and cryptocurrencies, with 85 tradeable symbols. There are at least 62 futures and options marks available, all of which can be managed through a separate dedicated account. The table below outlines the many investment options offered to Forex Tickmill clients.
Cryptocurrency trading is also one of the available options at Tickmill through CFDs, but not through immediate trading of the underlying (e.g., buying Bitcoin). Regular traders from any broker. Corporations, as well as U.K. residents, are not allowed to trade crypto CFDs.
Prices and commissions
Tickmill is a broker that offers 3 different types of accounts to its users: Classic, Pro, and VIP. Tickmill’s Online Forex platform caters specifically to active and VIP traders looking to leverage the services of the most cost-effective brokers in the industry.
- Classic or Basic type: In the basic account type, brokers will ask about bids, and there are no fees until the goal is completed across the broker’s Market. The classic account is entirely commission-free. On the other hand, the Classic account has significantly larger average spreads than the two different account types offered by Tickmill.
- Spreads: On Tickmill’s Pro account for September 2023, an average spread for the EUR/USD is 0.07 pips. It’s important to mention that when you add in the R.T. commission equivalent of 0.4 pips ($2 per side), the total cost is 0.47 pips. It’s also worth mentioning that during normal market conditions, Tickmill records the usual spread information (when spreads are narrower).
Pro and VIP Accounts
A per-trade commission is charged on Pro and VIP accounts, which is then applied to the lower existing spreads. The Pro account will be perfect for most traders due to its low commission rate, low-cost feeds, and availability of 75 items and 62 currency pairs.
Tickmill’s VIP account has a minimum balance of $50,000, but traders who pick it will benefit from its cheap commissions of $1 for each standard lot (100,000 units) or $2 per Round-Turn (R.T.) – and effective spreads of 0.27 pips after commissions. Unlock the benefits of a Pro account with just a $100 deposit. Experience doubled commissions at $4 for every round-turn standard lot. Start maximizing your trading potential today!
Online Forex Tickmill offers great 3-tiers of rebates for active traders, with the first tier offering $0.25 per standard lot (up to 1,000 standard lots per month) and the third tier offering $0.75 per standard lot (for more than 3,001 standard lots per month).
Other active platforms for trading
With the introduction of TradingView and MT5 from its U.K. and E.U. business, Tickmill confirms its standing as a multi-asset broker. For U.K. users only, there is a CQG platform for trading options for online forex traders. With its lack of a unique venue, Tickmill has made significant progress in growing its platform offerings, putting it in direct rivalry with the industry’s top brokers.
In simple words, forex Tickmill is a broker that provides a dedicated platform to MT4 and MT5 users for forex trading as meta-trader options. The CQG platform is accessible for futures and options (for U.K. traders). On the other hand, TradingView, a renowned web platform known for its advanced charting features, can connect with your Forex Tickmill account. However, it’s important to note that we encountered challenges in establishing this connection during our testing phase.
F.X. Blue’s Advanced Trading Toolkit bundle includes several necessary add-ons, and Tickmill has also added Autochartist connectivity. Tickmill also offers VPS hosting, a handy tool for algorithmic traders.
1. The analysis further into the Market
Tickmill’s market research service is competitive, and it continues to improve year after year. Tickmill still falls short of industry titans like I.G. and Saxo Bank in in-depth, personalization, and overall quality.
2. Education
Tickmill’s educational content is practically on pace with what the rest of the industry offers. Forex Tickmill provides access to an extensive library of archived webinars, but it lacks a diverse selection of instructive films and articles.
Some Thoughts
As Tickmill offers trading facilities in one place, users don’t have to go anywhere else for their online forex trading; anyone who wants to trade can use Forex Tickmill with well-known F.X. and CFD options to have a high volume and balance account. Online Forex Tickmill also offers an extra great experience as MetaTrader to its users for copy-trading, with many account types with a suitable pricing structure.
Conclusion
Tickmill is a reliable and competitive MetaTrader broker, offering a range of tradeable assets and account types to suit different traders’ needs. With a strong trust score and regulation from top-tier authorities, Tickmill is a lower-risk option for traders. The broker’s commission-based pricing, especially on the Pro and VIP accounts, is highly competitive, making it an attractive option for professionals. Additionally, Tickmill’s offering of additional platforms and tools, such as TradingView and VPS hosting, sets it apart from other brokers. While its market research and educational content still have room for improvement, Tickmill is a solid choice for traders looking for a reliable and cost-effective trading experience.
