Introduction

Tickmill is a globally recognized and regulated Forex and CFD broker, established with a mission to provide traders with superior trading conditions, ultra-low spreads, fast execution, and a diverse range of trading instruments. Catering to both retail and institutional clients, Tickmill prides itself on its ECN/STP execution model, ensuring transparency and minimal slippage. With a strong emphasis on technology and customer satisfaction, Tickmill has positioned itself as a competitive choice for traders seeking a reliable and efficient trading environment.

Key Features

• Diverse Trading Instruments: Access to over 100 trading instruments including Forex pairs, Stock Indices, Commodities (precious metals, oil), Bonds, and Cryptocurrencies (CFDs).
• Advanced Trading Platforms: Offers the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, available on desktop, web, and mobile devices, renowned for their comprehensive charting tools, analytical features, and automated trading capabilities.
• ECN/STP Execution Model: Benefits from direct market access and no dealing desk intervention, leading to ultra-low latency, competitive pricing, and minimal requotes.
• Multiple Account Types: Provides different account options – Classic, Pro, and VIP – tailored to various trading styles and capital sizes, with varying spreads, commissions, and minimum deposit requirements.
• Robust Regulation: Regulated by several reputable financial authorities globally, including the FCA (UK), CySEC (Cyprus), FSCA (South Africa), FSA (Seychelles), and Labuan FSA (Malaysia), ensuring high standards of client fund security and operational transparency.
• Trading Tools & Resources: Equipped with essential trading tools such as Autochartist, an Economic Calendar, free VPS hosting for eligible clients, and comprehensive market analysis to aid trading decisions.
• Educational Support: Offers a wealth of educational materials including webinars, seminars, video tutorials, and articles designed to empower traders of all experience levels.

Pros

• Highly Competitive Spreads & Commissions: Especially attractive for Pro and VIP accounts with raw spreads starting from 0.0 pips and low commission fees.
• Fast Order Execution: The ECN/STP model ensures rapid execution speeds, crucial for strategies like scalping and high-frequency trading.
• Strong Regulatory Framework: Multiple regulations from top-tier authorities provide a high level of security and trust for client funds.
• User-Friendly Platforms: The widely adopted MT4 and MT5 platforms offer a familiar and powerful trading experience.
• Excellent Customer Support: Multilingual customer service available through various channels, highly responsive and helpful.
• Good Range of Instruments: Sufficient variety to allow for diversified trading strategies within the Forex and CFD markets.
• No Restrictions on Trading Strategies: Supports all trading styles, including scalping, hedging, and Expert Advisors (EAs).

Cons

• Limited Product Portfolio: Primarily focuses on Forex and CFDs, lacking direct access to other asset classes like stocks, options, or futures.
• No Proprietary Trading Platform: Relies solely on MetaTrader platforms, which might not appeal to traders looking for unique in-house platforms.
• Higher Minimum Deposit for VIP Account: Accessing the absolute best trading conditions (VIP account) requires a substantial initial deposit.
• Research Tools Could Be More Extensive: While adequate, some brokers offer a wider array of proprietary research and analytical content.
• Geographical Restrictions: Tickmill’s services are not available to residents of certain countries due to regulatory restrictions (e.g., USA, Canada).

Pricing

• Spreads:
  • Classic Account: Commission-free trading with typical spreads starting from 1.6 pips for major currency pairs like EUR/USD.
  • Pro Account: Offers raw spreads starting from 0.0 pips for majors, plus a commission.
  • VIP Account: Features the tightest raw spreads from 0.0 pips, coupled with the lowest commission, requiring a higher minimum deposit.
• Commissions:
  • Pro Account: $2 per lot per side ($4 per round turn) for every $100,000 traded.
  • VIP Account: $1 per lot per side ($2 per round turn) for every $100,000 traded, making it highly competitive.
• Minimum Deposit:
  • Classic/Pro Accounts: Typically a minimum of $100.
  • VIP Account: Requires a minimum balance of $50,000 to qualify.
• Deposit & Withdrawal Fees: Tickmill generally offers fee-free deposits and withdrawals via various methods (bank wire, credit/debit cards, e-wallets), though some third-party payment providers may impose their own fees. Tickmill often covers certain withdrawal fees for bank wire transfers above a specific amount.
• Swap Fees: Standard overnight swap fees apply for positions held open beyond the trading day, varying by instrument and market conditions.