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Tickmill offers low spreads and commission, fast STP execution on the MT4 platform and has an excellent reputation in the CFD trading industry.
Regulated by the FCA in the UK, CySEC in Europe and the Seychelles FSCA international – and a regular winner of trade execution and trading conditions awards – Tickmill has the reputation, and the performance, traders should look for in a broker.
🏦 Min. Deposit | USD 100 |
🛡️ Regulated By | CySEC, FCA, FSCA, DFSA |
💵 Trading Cost | USD 4 |
⚖️ Max. Leverage | 500:1 |
💹 Copy Trading | Yes |
🖥️ Platforms | MT4, MT5 |
💱 Instruments | Bonds, Cryptocurrencies, Stock CFDs, Forex, Futures, Indices, Metals |
Pro Account – This account, also with a Swap-free Islamic option, requires a 100 USD minimum deposit and is the entry-level account for professional traders. Tighter spreads are available in exchange for a commission of 2 USD per side per 100,000 (a standard lot) traded. This commission pricing and structure is an industry-standard and is in line with what other STP brokers offer clients for the same services.
VIP Account – This account, with the same swap-free Islamic option, is for high volume professional traders and requires a 50,000 USD minimum deposit. The commission is reduced to 1 USD per side per 100,000 (a standard lot) traded which makes trading even more profitable. This is a very competitive professional account and offers excellent trading conditions.
The minimum spread on the classic account is 1.6 pips with zero commission. The minimum spread on the Pro and VIP accounts is 0.0 pips with a commission of 2 USD per side per standard lot trade and 1 USD per side per standard lot traded, respectively.
Tickmill takes deposits through a variety of global and local methods, under a Zero Fees Policy. They include:
The Zero Fees policy means that Tickmill will reimburse traders for any fees charged up to 100 USD. If you were charged, submit a copy of the bank statement showing the charge, and the amount will be credited. Should the trading account become inactive, Tickmill reserves the right to start reimbursing transfer fees.
Tickmill does not have a traditional introductory course, but they do publish webinars and seminars to help new traders get their footing. They have also made available a detailed ebook which many new traders will find useful. Additionally, while the analysis blog and TradingView analysis tools do not explain the basics of trading, they do offer new perspectives on currency markets.
For new traders, Tickmill’s main resource is its downloadable ebook, but the webinars and seminars are also of great assistance.
The 46-page ebook, titled The Majors – Insights & Strategies, is well illustrated and a suitable replacement for an online course for beginners. The ebook covers Forex Trading Basics and how Forex trading works, an introduction to the Major Currency Pairs, Trading Strategies and the major types of Forex analysis. The ebook ends with a section of top tips which will give traders more confidence in their decisions.
Webinars are run in four languages (English, Arabic, Italian and German), and all previous webinars are available in an archive. The webinar subjects vary from more fundamental concepts like News Trading Strategies to Technical Analysis and Chart Theories like Standard Elliot Wave Models.
Tickmill has a schedule of free seminars around the world, which introduce traders to new areas of learning and also allows clients to meet brokers in person and create relationships.
The Tickmill research team runs a regular blog which covers topics that relate to both fundamental and technical analysis. Research often covers different currency pairs and encourages traders to learn about market-moving events outside of conventional news sources.
The blog is open to all readers and Tickmill allows traders to contact the author with questions about their article. This is unique among brokers, who typically shy away from one-to-one contact with traders when it comes to discussing specific investments.
Tickmill is also active on their TradingView Pro account where analysts are continually marking up charts. Even if traders are not going to take advantage of these trading opportunities, they are a great way to learn technical analysis from the pros.
Tickmill supports MetaTrader4 (MT4) and the associated web and mobile applications. MT4 is the industry leader and the most common trading platform for CFD traders.
There are many advantages of signing up with an MT4 broker and using MT4 for trading:
Tickmill also provides a number of useful trading tools.
AutoChartist is a third-party automated chart analysis tool which scans the markets for volatility and notifies traders of relevant trading opportunities. Since it integrates into MT4, information is available inside the trading view and adds little complication to the platform while providing additional analysis. Autochartist is a common technical analysis tool among traders, so training videos are easy to find online. Tickmill offers AutoChartist free of charge to all live accounts and the demo account on a delay of five candlesticks.
Another common third-party trading tool available on Tickmill is Myfxbook AutoTrade, which is a cross-broker social trading platform that allows for copy trading without the need for additional software.
The One-click trading MT4 Expert Advisor (EA) is designed to make common trading mechanisms more accessible, which facilitates trading and removes unnecessary navigation between windows and charts. This EA does not overly simplify MT4, but it does make trading on the platform less complicated.
Tickmill VPS has partnered with BeeksFX to provide discounted VPS services to clients. While many brokers will include VPS as a free service for active traders, VPS has chosen to partner with a leading 3rd party provider and asks clients to take on the additional cost.
MetaTrader4 (MT4) is also available on IOS, Android and Windows mobile phone and tablets. The app will connect to the same account as the desktop software, keeping the trading experience synchronised, and traders mobile.
We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have published our review process that includes a detailed breakdown of the Tickmill offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.
Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. Tickmill would like you to know that: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with Tickmill Ltd.
Tickmill is an award-winning and trustworthy STP broker that relies heavily on industry-standard platforms to enable fast execution. With a strong education section, additional premium tools offered to traders for no extra cost, and good trading conditions, Tickmill should be a top choice in Forex brokerage.
Find out how Tickmill stacks up against other brokers.
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