Tickmill Review

Score: 8.2 ⭐️

4/18/20231 min read

Tickmill has a limited amount of assets. Tickmill's commissions are higher then average in this market.

Tickmill pros & cons

Pros

  • Founded in 2014, Tickmill is regulated for trading in forex and CFD's.

  • Tickmill offers add ons to it's MT4 platform.

  • Pricing for Tickmill’s Pro and VIP account is highly competitive.

  • Offers the CQG platform futures and options trading with a $1,000 minimum deposit

  • Tickmill can be used by professionals.

  • Education from the CME, along with interactive sentiment data and website widgets are not safe at the moment .

Cons

  • Only a limited range of Assets are available for trading.

  • Spreads on Classic account is not as competitive.

Offering of investments

Tickmill offers a total of 295 tradeable assets encompassing CFDs on currency pairs, indices, metals, bonds, and cryptocurrencies.

Cryptocurrency: Cryptocurrency trading at Tickmill is available through CFDs.

Tickmill offers three accounts: Classic, Pro, and VIP. Bottom line: Tickmill is best for active and VIP traders, who have access to pricing that competes among the lowest-cost brokers in the industry.

Classic accounts: The Classic account is entirely commission-free – traders only pay the Buy/Sell spread. However, average spreads for the Classic account are much higher than Tickmill’s other two account types.

Spreads: spreads are higher then the 0.51 on U.S. pip on EUR/USD different then showed by the company .

Pro account:The PRO and VIP accounts offer of 75 assets and 62 currency pairs, the Pro account will be ideal for most traders.

VIP versus Pro accounts: Traders that choose Tickmill’s VIP account will need to maintain a minimum balance of $50,000.