Tickmill Review

United Kingdom-based Tickmill, founded in 2014, is an international forex broker with more than half a million registered accounts. Tickmill Group operates as five business entities serving clients across the globe, providing them with the ability to trade multiple financial markets – forex, stocks, indexes, commodities, cryptocurrencies, and bonds.

According Tickmill, it was created “by traders for traders”, with an executive team whose trading experience spans all the major financial markets and extends back to the 1980s.

In Tickmill’s relatively brief history, each of its five companies have captured an impressive number of industry awards over the years, including:

The most notable advantage of trading with Tickmill starts with extremely low commission rates. The commission fees charged for one forex standard lot Round Turn trade (or equivalent $100,000 traded value) are no more than $4. That’s barely half the industry average. A VIP account at Tickmill cuts that commission rate in half – to only $2 per Round Turn trade. In addition, variable bid and ask spreads start as low as 0.0 pips and tend to run more narrow than the spreads available at most other forex brokers.

Other Tickmill features that indicate a genuine commitment to provide top of the line service to traders include a very extensive trader education library and a wealth of extra trading tools. It is one of very few forex brokers that even extends its trader education services to in-person seminars, which are conducted regularly in different locations around the world.

Tickmill clients can choose to opt for a spread-fees-only or commission-fees-only account, and trade through either the MetaTrader 4 or MetaTrader 5 trading platform. Social trading, copy trading, and automated trading are all easily available options at Tickmill. It has its own social trading community, and offers not just one, but three sources for copy trading. Other trading advantages include Depth of Market (DOM) pricing and advanced order types.

Some traders might be put off by the relative lack of choice of trading platforms. However, if a broker is only going to offer one type of trading platform, MetaTrader is probably the best choice.

Tickmill shines in the areas of trader education resources and with the many supplementary trading tools that it provides for its clients. However, although it does provide broad financial market access, even including cryptocurrency and bond trading - the total number of financial assets that Tickmill clients have exposure to is somewhat limited - especially in the commodity, bond, and crypto markets.