Detailed Tickmill Broker Review
Tickmill is a Forex broker, which was opened in 2014. The company specializes in providing traders with access to ECN accounts for trading in international financial markets. The list of broker services includes all the necessary tools for investing and trading.
Legally, the brokerage company is owned by Tmill UK Limited. The central office is located in London (United Kingdom). Despite this, residents from any countries can become the company’s customers. According to representatives of the broker, they already serve several hundred thousand customers from Europe, Asia and the CIS.
The advantage of this company can be considered the presence of a license from a reputable regulator FCA (UK). In parallel, the company operates in the Seychelles (one of the legal entities registered there). Offshore Regulator – FSA.
In 2015, this broker merged with Armada Markets, from which some traders and investors moved to Tickmill.
British broker features
At first glance, the described company has exceptional advantages. Among them, a well-designed website, the presence of russification, access to a large number of trading tools. Professional trading is based on a number of factors. Among them are the small size of the spreads, and fixed trading conditions. All this is observed and the broker Tickmill. Therefore, each trader can use the desired trading strategy (for example, scalping).
One of the advantages is that the company does not generate asset quotes on its own. All data comes from independent sources, among which are banks JPMorgan, Commerzbank, and Credit Suisse. Therefore, users can be confident that trade will be carried out independently, objectively and correctly. And the result will depend only on the participant of financial markets.
All list of services of the broker Tickmill:
• Access to financial instruments: shares of companies, currency pairs, CFD for raw materials and precious metals, indices;
• Analytical section, where users can get free forecasts on financial markets, read expert opinions;
• Access to the training section, where information is available on how to correctly perform analysis and forecasting;
• Access to free trading platforms (in particular, to Metatrader 4);
• Access to the Myfxbook AutoTrade service.
What types of accounts are represented by the broker Tickmill
After registering with a broker, you can open any of the following types of accounts:
The first two types of accounts can be opened with a minimum deposit of just $ 25. VIP-account is opened with a minimum amount of $ 50 thousand. Pay attention to the difference in trading conditions between Classic and ECN. In the first case, the spreads are 1.6 points and higher. In the second, they start from 0. But in ECN accounts the commission for each transaction is additionally taken into account. Leverage in all cases is set to 1: 500, and the minimum lot is 0.01.
The site states that the execution of all orders is market. This means that the maximum delay when opening / closing an order is one-third of a second. Therefore, users can actively use the scalping strategy.
Additional services of the broker Tickmill
The first popular service from the broker is Myfxbook with the automatic trading connection function. It is enough to choose a signal provider and connect a broker’s personal account to the service. Automatic trading will be activated through the trading terminal, through which transactions will be opened without the participation of the user.
Another service is Autochartist. This is a multifunctional platform for analysis and forecasting. When connecting to this service, every Tickmill client gets free access to accurate forecasts, technical analysis from experts from around the world.
If you haven`t enough qualifications and experience in trading, the company Tickmill offers to go through their own Forex trading courses. They are paid, their cost starts from $ 1000 for the entire course with practice (remotely). This is more relevant to residents of Europe and Asia, since for students from the CIS, such a tuition fee will seem too large.