Tickmill emerges as a formidable MetaTrader broker, providing a modest yet diverse selection of tradable securities. While not a publicly traded entity and lacking a banking arm, Tickmill has gained approval from one tier-1 regulator (high trust) and two tier-2 regulators. Notably, the Financial Conduct Authority (FCA), a tier-1 regulator, has granted Tickmill its authorization.

Trading Instruments at TickMill

Tickmill offers an extensive range of CFDs on currency pairs, indices, metals, bonds, and cryptocurrencies, totaling 295 tradeable symbols. Additionally, a separate dedicated account facilitates trading in futures and options, offering access to at least 62 symbols. However, it’s essential to note that trading cryptocurrency at Tickmill is limited to CFDs, with no option for direct purchase of underlying assets like Bitcoin. Furthermore, U.K. residents and retail traders from U.K. entities are restricted from trading cryptocurrency CFDs.

Fees and Commissions

Tickmill presents three account types: Classic, Pro, and VIP. Ideal for active and VIP traders, Tickmill offers competitive pricing that rivals the industry’s most cost-effective brokers.

Classic Accounts: Traders with Classic accounts pay only the bid/ask spread, although it’s worth noting that average spreads on this account type are higher than those on Tickmill’s Pro and VIP accounts.

Pro and VIP Accounts: Both Pro and VIP accounts feature a per-trade commission added to reduced market spreads. The Pro account, offering low commission rates, affordable spreads, and access to a diverse selection of instruments and currency pairs, is a solid choice for most traders. To access Tickmill’s low commission rates for VIP accounts, traders must maintain a minimum balance of $50,000. The Pro account requires only a $100 deposit but comes with higher commissions at $4 per round-turn standard lot.

TickMill Trading Platforms

Tickmill enhances its position as a multi-asset broker by introducing MT5 from its U.K. and EU entities, along with the addition of TradingView. While being a MetaTrader-only broker, Tickmill offers both MT4 and MT5 with default functionality. The platform offering extends to TradingView, known for potent charting, and the CQG platform for futures and options trading in the U.K. Tickmill’s platform lineup competes directly with industry-leading brokers.

Trading Resources: Tickmill integrates Autochartist, and additional add-ons from FX Blue are available as part of the Advanced Trading toolkit package. The broker also provides VPS hosting, a valuable resource for algorithmic traders.

Market Analysis

Tickmill delivers competitive market research, continually improving its offerings. While it may not surpass leading companies like IG and Saxo Bank in terms of quality and depth, Tickmill holds its own in providing relevant and personalized research.

Research Overview: Tickmill regularly publishes technical and fundamental analysis articles on its Expert Blog, accompanied by video updates on its YouTube channel. Standout third-party research tools include the Autochartist plugin, forex news headlines streaming from Investing.com, and an economic calendar powered by Myfxbook. Tickmill also engages with its audience through social media platforms like Telegram and Facebook.

Market News and Analysis: Tickmill strikes a balance between research content and market coverage, offering a Weekly Live Markets & Trade Analysis series and articles focusing on both technical and fundamental analysis. The broker’s YouTube page features archived webinars, analysis videos, and news updates. Tickmill’s website includes integrated widgets with sentiment data from Acuity Trading and interactive sentiment data from the CME.

Copy Trading: Tickmill provides three social copy-trading platforms directly connected to MetaTrader accounts, in addition to the native Signals market available in MetaTrader. While Pelican Trading and Myfxbook’s AutoTrade feature are available, ZuluTrade is no longer accessible for copy trading at Tickmill.

Education

Tickmill’s educational offerings are comparable to industry averages, lacking an extensive range of instructional videos and articles. However, it compensates with a substantial library of recorded webinars.

Learning Center: Weekly webinars in various languages, recorded on YouTube, comprehensive eBooks, infographics, and live educational courses stand out in Tickmill’s learning center. The broker also provides educational materials on futures supported by the CME.

Conclusion on TickMill

Tickmill proves advantageous for high-volume, high-balance traders focusing on popular forex and CFD instruments. Offering multiple account options with varying pricing structures, Tickmill complements its MetaTrader platform with a diverse selection of copy-trading platforms.

While its market range is limited, and educational content and research resources are relatively modest, Tickmill’s VIP account presents competitive pricing. Traders should consider other top forex brokers in 2023 for a broader market range and superior offerings.