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Tickmill Review

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User is offline   xysoom 

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Tickmill Review



Tickmill is a run-of-the-mill MetaTrader broker that offers a limited selection of tradeable securities. Tickmill does offer very competitive commission-based pricing for professionals through its VIP and Pro accounts.To get more news about tickmill review, you can visit wikifx.com official website.

Tickmill offers a total of 295 tradeable symbols encompassing CFDs on currency pairs, indices, metals, bonds, and cryptocurrencies. There are also at least 62 symbols available for futures and options trading which are all accessible through a separate dedicated account. The following table summarizes the different investment products available to Tickmill clients.

Cryptocurrency: Cryptocurrency trading at Tickmill is available through CFDs, but not available through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents.
Tickmill offers three accounts: Classic, Pro, and VIP. Bottom line: Tickmill is best for active and VIP traders, who have access to pricing that competes among the lowest-cost brokers in the industry.

Classic accounts: The Classic account is entirely commission-free – traders only pay the bid/ask spread. However, average spreads for the Classic account are much higher than Tickmill’s other two account types.

Spreads: Tickmill lists 0.11 pips as a typical spread for the EUR/USD on its Pro account for August 2022. It’s worth noting, however, that the all-in cost actually comes to 0.51 pips when factoring in the RT commission equivalent of 0.4 pips ($2 per side). It is also worth noting that Tickmill records typical spread data during normal market conditions (when spreads are narrower).

Pro account: The Pro and VIP accounts both have a per-trade commission, which is then added to lower prevailing spreads. With its low commission rate, low-cost spreads, and offering of 75 instruments and 62 currency pairs, the Pro account will be ideal for most traders.

VIP versus Pro accounts: Traders that choose Tickmill’s VIP account will need to maintain a minimum balance of $50,000, but will gain access to its low commission of $1 per standard lot (100,000 units) or $2 per Round-Turn (RT) – and effective spreads drop to 0.27 pips after commissions. The Pro account is available with just a $100 deposit, but commissions are twice as high at $4 per round-turn standard lot.
Tickmill continues to cement its status as a multiasset broker, with the launch of MT5 from its U.K. and EU entity and the addition of TradingView. Tickmill has also taken the step of including the CQG platform for futures and options trading (U.K.-only). Tickmill has made real strides in its expansion of platform offerings, putting it in competition with the brokers that lead the industry – despite its lack of a proprietary platform.

Platforms overview: Tickmill is a MetaTrader-only broker that 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 your Tickmill account (although I was not able to do this during our testing). The Agena Trader platform and other 3rd party applications are also available at Tickimll with Direct Market Access (DMA) to popular futures exchanges in the US and Europe.

Trading tools: Other notable add-ons are available from FX Blue as part of the Advanced Trading toolkit package, and Tickmill has also included Autochartist integration. VPS hosting – a useful tool for algorithmic traders – is also available at Tickmill.
Tickmill is competitive in its offering of market research and continues to improve in this category each year. That said, Tickmill still can’t compete with industry leaders like IG and Saxo Bank when it comes to depth, personalization, and overall quality.

Research overview: Tickmill produces daily articles on its Expert Blog that cover technical and fundamental analysis, along with video updates published on its YouTube channel. Tickmill’s third-party research tools really shine; the Autochartist plugin allows for automated technical analysis, forex news headlines stream from Investing.com, and Myfxbook powers the broker's economic calendar. Tickmill also delivers content across social media, such as its dedicated FaceBook group and its Telegram channel.

Market news and analysis: Tickmill does a fine job pairing solid market coverage with a good balance of research content. There are articles that focus on technical analysis, paired with offerings like the Weekly Live Markets & Trade Analysis series that analyze market fundamentals. Tickmill also offers archived webinars, technical and fundamental analysis videos, and news updates on its YouTube page – such as its daily Chart Hits series which are quick one-minute updates. Finally, there is interactive sentiment data from the CME, and integrated widgets with sentiment data from Acuity Trading on the Tickmill website.

Copy trading: Besides the native Signals market available in MetaTrader, Tickmill offers three platforms for social copy-trading that connect directly to your MetaTrader account. There is Pelican Trading and the AutoTrade feature of Myfxbook but these two services are not available from the firm's U.K. and EU branches. While previously offered, ZuluTrade is no longer available for copy trading at Tickmill.
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