TickMill Account Types
The platform boasts three types of accounts, catering to traders with different experience levels. Whether you are a beginner or an experienced trader, you can find the account type that suits your needs. Let’s take a look at them:
Register for Account
Simply sign up online for a TickMill account.
Verify Your Account
Upload the required documents to verify your identity.
Make a Secure Deposit
Fund your account using TickMill's flexible payment options.
You’re Ready to Trade
Connect to your trading account and start investing in global markets.
Customer Service
This broker offers excellent customer service, available anytime, anywhere. Besides live chat, you can also reach them via:
TickMill Pros & Cons
Pros:
Established in 2014, Tickmill operates under regulations from two Tier-1 jurisdictions, two Tier-2 jurisdictions, and one Tier-4 jurisdiction, ensuring high standards of oversight. Tickmill’s Raw account boasts highly competitive pricing, earning the broker recognition as the recipient of our 2024 Annual Award for #1 Commissions and Fees. The broker offers the complete MetaTrader suite, including platform add-ons, and was awarded Best in Class for MetaTrader in our 2024 Annual Awards. For futures and options trading, Tickmill provides the CQG and AgenaTrader platforms, requiring a $1,000 deposit. Tickmill is an excellent choice for professional trading and algo trading. The broker provides educational resources from the CME, along with interactive sentiment data and website widgets from Acuity Trading, enhancing research capabilities. Tickmill’s copy trading options include Tickmill Social (powered by Pelican Trading) and ZuluTrade. Automated trading is available through Capitalise, and Signal Centre (powered by Acuity) delivers trading signals and research for traders.
Cons:
Although Tickmill has expanded its range of markets recently, it still offers a limited selection of tradeable assets compared to leading forex brokers in our Offering of Investments category. Pricing for Tickmill’s Classic account is less competitive, and the removal of its VIP account may disappoint active traders seeking deeper commission savings. The TradingView platform has been discontinued for futures and options trading at Tickmill.
Is Tickmill safe?
Offering of investments
Tickmill presents a diverse array of tradable symbols, totaling 725 across various categories. This encompasses CFDs on 61 currency pairs, 18 indices, 8 metals, 4 bonds, 7 commodities (including energies and agricultural products), and nine cryptocurrencies. Moreover, there are at least 109 symbols accessible for futures and options trading, all facilitated through a dedicated account. It’s important to note that cryptocurrency trading at Tickmill is conducted via CFDs and doesn’t involve trading the underlying assets directly, such as purchasing Bitcoin. It’s worth mentioning that Crypto CFDs aren’t available to retail traders through any broker’s U.K. entity, nor to U.K. residents.
Commissions and fees
Tickmill provides two distinct account options: Classic and Raw. The Raw account, which succeeded the Pro account, now features an updated commission structure of $3 per side (up from $2 per side), equating to $6 per standard lot. Despite this recent adjustment, Tickmill remains highly regarded among active traders due to its competitive average spreads and overall cost efficiency, particularly with the new Raw account.
Classic accounts, on the other hand, are commission-free, with traders solely paying the bid/ask spread. However, it’s worth noting that the average spreads for Classic accounts are considerably higher (at 1.76 pips as of August 2023) compared to the Raw account.
Regarding spreads, Tickmill advertises a typical spread of 0.11 pips for the EUR/USD pair on its Raw (formerly Pro) account as of October 2023. However, factoring in the increased commission to $3 per side, the all-in cost now amounts to 0.71 pips. It’s important to note that Tickmill records typical spread data under normal market conditions when spreads are narrower.
The Raw account, replacing Tickmill’s Pro account and discontinuing the VIP account, offers traders access to the broker’s most competitive spreads and a per-trade commission of $3 per side per 100,000 units. With a low entry barrier set at just $100, the Raw account appeals to traders seeking cost-effective spreads and versatile execution policies, making it a preferred choice despite the recent commission adjustment.
Mobile trading apps
Market research
Tickmill showcases a competitive array of market research tools, although it falls short compared to industry giants like IG and Saxo in terms of depth, personalization, and overall quality.
In terms of research overview, Tickmill provides daily articles on its Expert Blog covering technical and fundamental analysis, complemented by video updates on its YouTube channel. Notably, its third-party research tools stand out, including the Autochartist plugin for automated technical analysis, forex news from Investing.com, and an economic calendar powered by Myfxbook. Tickmill also engages with its audience through social media platforms like Facebook groups and Telegram channels.
Tickmill offers a blend of market news and analysis, featuring articles on technical and fundamental analysis alongside series like the Weekly Live Markets & Trade Analysis, which delves into market fundamentals. Additionally, its YouTube page hosts archived webinars, technical and fundamental analysis videos, and daily Chart Hits series for quick market updates. Moreover, Tickmill provides interactive sentiment data from the CME and integrates widgets with sentiment data, along with the Signal Centre for trading signals powered by Acuity Trading.
In the realm of copy trading, Tickmill offers social copy-trading platforms like Tickmill Social powered by Pelican Trading and the AutoTrade feature of Myfxbook. However, these services are not accessible from the firm’s U.K. and EU branches.
Education
