Tickmill is a standard MetaTrader broker with a small offering of tradeable securities. Through its VIP and Pro accounts, Tickmill does provide commission-based pricing for professionals.

Tickmill does not run a bank and is not a publicly traded company. One tier-1 regulator (high trust), two tier-2 regulators, and none tier-3 regulators have approved Tickmill. The Financial Conduct Authority (FCA), a tier-1 regulator, has granted Tickmill authorization.

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Trading Instruments TickMill

Tickmill offers CFDs on currency pairs, indices, metals, bonds, and cryptocurrencies in addition to 295 other tradeable symbols. Additionally, there are at least 62 symbols accessible through a separate dedicated account for trading in futures and options. The various investment products that are offered to Tickmill clients are listed in the table below.

Trading cryptocurrency at Tickmill is only possible through CFDs; trading the underlying asset directly (such as purchasing Bitcoin) is not an option. Notably, neither U.K. residents nor retail traders from any broker’s U.K. entity are permitted to trade cryptocurrency CFDs.

Fees and commissions

The three accounts that Tickmill offers are Classic, Pro, and VIP. Conclusion: Active and VIP traders, who have access to pricing that competes with the least expensive brokers in the market, are the best candidates for Tickmill.

Account types known as “Classic“: With a Classic account, traders only need to pay the bid/ask spread. The Classic account’s average spreads, however, are significantly higher than those for Tickmill’s other two account types.

Spreads: On its Pro account for August 2022, Tickmill lists 0.11 pips as the typical spread for the EUR/USD. However, it’s important to keep in mind that the total cost is actually 0.51 pips when accounting for the RT commission equivalent of 0.4 pips ($2 per side). The fact that Tickmill records typical spread data when market conditions are normal (and spreads are narrower) is also important to note.

Pro Both Pro and VIP accounts have a per-trade commission that is added to reduced market spreads. The Pro account will be ideal for most traders thanks to its low commission rate, affordable spreads, and selection of 75 instruments and 62 currency pairs.

In order to access Tickmill’s low commission of $1 per standard lot (100,000 units) or $2 per Round-Turn (RT), traders must maintain a minimum balance of $50,000. After commissions, effective spreads for VIP accounts fall to 0.27 pips. Only a $100 deposit is required to open the Pro account, but commissions are double that amount at $4 per round-turn standard low.

TickMill Trading Platforms

With the introduction of MT5 from its U.K. and EU entity as well as the addition of TradingView, Tickmill has furthered cemented its position as a multiasset broker. Tickmill has also gone so far as to offer the CQG platform for trading futures and options (exclusive to the United Kingdom). Despite not having a proprietary platform, Tickmill has made significant progress in expanding its platform offerings, putting it in direct competition with the brokers who dominate the industry.

Overview of the platforms: Tickmill is a MetaTrader-only broker and provides MT4 and MT5 with the default out-of-the-box functionality. While TradingView, a well-liked web platform renowned for its potent charting, can be connected to your Tickmill account (although I was unable to do this during our testing), the CQG platform is available for futures and options (for U.K. traders). Tickmill offers Direct Market Access (DMA) to well-known European and American futures exchanges as well as the Agena Trader platform and other third-party applications.

Trading resources: Tickmill has also integrated Autochartist, and other noteworthy add-ons are available from FX Blue as part of the Advanced Trading toolkit package. Tickmill also offers VPS hosting, a useful resource for algorithmic traders.

Market analysis

Market research is a competitive service that Tickmill offers, and it gets better every year. Despite this, Tickmill still falls short of leading companies in the sector like IG and Saxo Bank in terms of quality, personalization, and depth.

Overview of the research: Tickmill regularly posts technical and fundamental analysis-related articles on its Expert Blog, along with video updates that are posted to its YouTube channel. The Autochartist plugin enables automated technical analysis, forex news headlines stream from Investing.com, and Myfxbook powers the broker’s economic calendar are just a few of Tickmill’s standout third-party research tools. Tickmill also publishes content on social media platforms like its Telegram channel and specific FaceBook group.

Market news and analysis: Tickmill does a great job of balancing relevant research content with dependable market coverage. In addition to offerings like the Weekly Live Markets & Trade Analysis series that examine market fundamentals, there are articles that concentrate on technical analysis. On its YouTube page, Tickmill also provides archived webinars, technical and fundamental analysis videos, and news updates, such as its daily Chart Hits series of brief updates lasting one minute. The Tickmill website also includes integrated widgets with sentiment data from Acuity Trading and interactive sentiment data from the CME.

Copy trading: Tickmill provides three platforms for social copy-trading that are directly connected to your MetaTrader account, in addition to the native Signals market available in MetaTrader. Pelican Trading and Myfxbook’s AutoTrade feature exist, but the company’s U.K. and EU branches do not offer these two services. ZuluTrade is no longer accessible for copy trading at Tickmill, despite having previously been available.

Education

The educational material offered by Tickmill is almost on par with what the average business provides. Tickmill lacks a wide range of instructional videos and articles, but it does provide access to a sizable library of previously held webinars.
Learning center: Standouts include weekly webinars that are held in a variety of languages and that are recorded on YouTube, a few comprehensive eBooks, infographics, and live educational courses. On Tickmill’s website, you can find educational materials for learning about futures that are supported by the CME.

Conclusion on TickMill

High-volume, high-balance traders who want to trade only the most well-liked forex and CFD instruments will benefit the most from using Tickmill. Tickmill offers multiple account options with various pricing structures, and it complements its MetaTrader offering with a good selection of copy-trading platforms.

Its narrow range of markets, scant research resources, and poor educational content are drawbacks to take into account. Although the VIP account has very competitive pricing, traders should still look at other, superior forex brokers in 2023.