Founded in 2014, Tickmill is a fully regulated broker that operates in the UK. Unlike forex brokers that use CFDs and spread betting firms that only handle bets on markets (rather than actual currencies), it offers crypto trading via real cryptocurrencies stored in secure offline wallets. The broker maintains two bank accounts: one for client funds and one for collateral held in the event of insolvency.
Tickmill started as a small forex broker but has grown to be a global trading platform. It opened access for everyone to trade all major currencies and indices, including forex, CFDs and spreads. They’re also known for their innovative approach to tax management by automated money transfer into a local bank account. They offer tools like social trading and spread-betting for beginner traders. Also, they have an app available.
Tickmill’s Account Types
Tickmill offers three account types, Classic, Pro and VIP. All three accounts offer trades globally, with free access to all Tickmill platforms, including regular and algorithmic trading, as well as premium data streams straight from the exchanges. The extra value of the Pro and VIP accounts is that they include free access to all of their data streams, such as 24-hour tick data and user portfolio details.
Tickmill offers spreads on multiple markets with trading products: Buy/Sell/Stop Orders, spread options, Futures, and Index options. It also offers trades on MT4 and MT5 platforms within a shared trading environment.
Metatrader is a popular web-based broker that supports a wide range of client platforms. They have an excellent dashboard that includes price feeds, limit orders, detailed information about your broker account, and an API that can be used to access a plethora of data online. There are also advanced broker tools like market depth, order matching, and order cancellation.
The main appeal of the platform comes from the open-source nature of some of the underlying methods it utilizes, which makes it similar in many ways to other modern lattice-based brokers. This makes things quite dynamic and efficient which is what sets them apart. Consider that they can provide liquidity to any account type on a fee basis, which includes index-linked stocks (such as XBT), physical currency (such as GBP), futures and options, and binary options.
Tickmill’s Trading Software and Demo Accounts
Tickmill provides a variety of trading software for novice and experienced traders. These include Tickmill Trader Pro, Tickmill Trader, and Tickmill Mobile. Tickmill Pro is an excellent option for traders with a minimum of $1,000 to invest looking for a fully functional trading platform.
Trading can be overwhelming at the best times, and it’s especially hard in the cold market. A smartphone working as a complete trading platform can significantly benefit novice traders looking to build their accounts and develop a trading style. For other traders, a trading app is necessary for increased profitability.
Tickmill Demo Accounts are a great way to get a feel for the platform and the features it offers. The Demo account is similar to the live account but has a few restrictions in places, such as a limit on the maximum stake you can place, only a limited number of assets available and a cap on the number of trades you can make.
If you’ve never traded before, there’s no point rushing in with your cash out the door. Establish a reasonable amount of time on learning the basics, and you’ll be well on your way to having a wonderful time trading together.
Tickmill’s spread and fees
Tickmill broker is an excellent option for beginners who want to get started trading major pairs. They offer a low minimum spread of 0.2 pips and no commission on the spread (the difference between buy/sell prices of an instrument). Since there’s no fee on the spread, you can keep your total costs low when trading pairs such as EUR/USD, GBP/USD, AUD/USD. While market-makers make markets more efficient and effective than ECNs, their prices are not always as competitive. Tickmill’s spreads and fees compare favorably to its rivals, but they charge no commission on trades. That’s a welcome relief for active traders.
