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Tickmill Review

Summary of the Tickmill Group

By GI Team

Tickmill Review Feature Image

Tickmill Group is revolutionizing brokerage services by setting a new standard in the industry. Renowned for its unwavering commitment to innovation, the company takes pride in being the preferred choice for traders. With a focus on meeting the diverse needs of traders, Tickmill stands out by offering exceptional trading conditions, particularly beneficial for scalpers and those utilizing Expert Advisors (EAs). One of the key advantages lies in Tickmill’s provision of minimal spreads. The Group’s dedication to excellence has been recognized through numerous awards, including the prestigious titles of “Best Forex Spreads” and “Best Forex Trading Experience” in the year 2022.

 

The Tickmill group of companies includes:

  • Tickmill Europe Ltd regulated by the CySEC, 278/15 (Cyprus);

  • Tickmill Ltd regulated by the FSA, 09369927 (the Seychelles);

  • Tickmill UK Ltd regulated by the FCA, 733772 (UK);

  • Tickmill Asia Ltd regulated by the Labuan FSA, MB/18/0028 (Labuan, Malaysia);

  • Tickmill South Africa (Pty) Ltd regulated by the FSCA, 49464 (SAR).

Trade with this broker, if:

  • You need a really wide choice of CFDs on stocks. Tickmill offers over 500 assets of this type. This is one of the biggest pools of CFDs on securities among top brokers.
  • You want to copy trades of successful traders. The broker offers three services, including Pelican Trading, a simplified copy trading for novice traders, MyFxBook, auto trading with flexible signal copying, and classic MQL5 for MT4 and MT5.
  • You want to trade actively. The broker offers some of the best conditions for active traders. These are spreads for currency pairs of just over 0.1 pips, the market’s lowest fees of $2 per lot, and free VPS.

Do not trade with this broker, if:

  • You want low spreads on a standard account. Only Tickmill’s Pro and VIP accounts have raw spreads from 0 pips. The Classic account has a regular floating spread starting from 1.6 pips.

Expert Review of Tickmill

Tickmill caters to a diverse range of traders, from those with basic trading skills to those eager to enhance their expertise and results. The broker places a strong emphasis on leveraging the technological capabilities and advanced technical tools of its platform. With an impressive real trade execution speed of up to 0.2 seconds, Tickmill stands out as a reliable choice for scalpers and algorithmic traders. The broker ensures the absence of slippages during periods of increased volatility through an efficient client request distribution system that swiftly locates available liquidity providers.

A key competitive advantage of Tickmill is its incorporation of artificial intelligence (AI) in its technical tools. Acuity Trading, an innovative news and fundamental information aggregator, analyzes and presents only pertinent data for a given asset and time frame. Additionally, Signal Centre serves as a valuable technical analysis tool, indicating trade directions with respect to specific time frames and identifying crucial levels for placing pending orders.

While the trading conditions primarily target professional traders, Tickmill’s Classic account remains suitable for novice traders. Notably, bonuses are exclusively available with the group’s entities operating outside Europe. The company ensures transparency through a clear User Agreement and facilitates smooth profit withdrawal processes.

 

Partnership Programs, Available Markets and Products of the Broker

Currently, Tickmill EU does not provide investment programs. However, the platform offers alternative options for users interested in passive investing. Through the integration of the MetaQuotes (MQL5) community in MT4 and MT5, traders can register either as investors or signal providers. As a trader, you have the flexibility to offer signals for both manual trading and those generated by expert advisors.

For passive investors, Tickmill.com presents several options:

  1. Pelican Trading: A user-friendly copy trading platform designed for mobile devices, allowing investors to communicate with signal providers.

  2. MyFxBook AutoTrader: An analytical platform that incorporates Tickmill’s technology. To copy signals, users can link their trading account with Tickmill to their MyFxBook user account, subsequently initiating signal copying after setting risk level limits.

  3. Copy Trading Service integrated in MT4/MT5: Investors can register on the MQL5 website, make a deposit, and link their user account on the MetaTrader platform (e.g., through the “Signals” tab). Subsequently, investors can pay a subscription fee to the selected trader whose trades they wish to copy.

 

Detailed Review of Tickmill

Tickmill, a prominent brokerage firm, entices traders with its attractive features such as low spreads and favorable trading conditions. Distinguished by its commitment to innovation, the company empowers customers to engage in manual trading as well as utilize Expert Advisors (EAs) and copy trading strategies. The extensive range of CFD trading instruments offered by Tickmill spans not only currency pairs but also includes stocks, indices, commodities, cryptocurrencies, and bonds.

Ensuring a secure trading environment, Tickmill operates under the regulation of multiple reputable authorities, including the Seychelles Financial Services Authority, the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Labuan Financial Services Authority (Labuan FSA), and the Financial Sector Conduct Authority (FSCA) in South Africa. These regulatory affiliations serve as a testament to the broker’s reliability and the safety of funds for traders

 

Tickmill is a suitable broker for both novices and experienced traders

Tickmill stands out as a brokerage firm that seamlessly blends cutting-edge technology with an extensive array of functionalities. Traders can benefit from a diverse range of educational resources offered by the company, empowering them to understand the foreign exchange market and master CFD trading. With a reasonable minimum deposit of 100 US dollars, Tickmill caters to a broad audience.

For detailed information about funding methods and minimum deposit amounts, interested individuals can visit the company’s website. Tickmill is particularly well-suited for traders who employ a wide range of tools, allowing the use of advisors and enabling the automatic copying of trading transactions. The platform accommodates various trading styles, including news trading, scalping, and calm intraday trading.

Tickmill excels in the swift execution of market orders, averaging around 200 milliseconds. Traders engage with the broker through the popular MetaTrader 4 and MetaTrader 5 terminals, with the added convenience of a web platform. The broker’s auxiliary tools include:

  1. VPS (Virtual Private Server): Ensuring an uninterrupted connection between your platform and the server, VPS is invaluable for traders with open positions and trailing stop orders, especially in cases of poor connectivity. Fees for VPS start from £30 per month, depending on factors such as the number of platforms, RAM, and disk space.

  2. Infographics: Providing free access to factors influencing currency quotes, comparative features of MT5, and more.

  3. Custom Instruments for MT4 and MT5: Essential tools for technical, graphic, and fundamental analyses.

This comprehensive set of features makes Tickmill a versatile and user-friendly choice for traders seeking a technologically advanced and well-equipped trading environment.

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