Established in 2014, Tickmill has made a significant impact in the online trading industry. Known for its competitive trading conditions and strong focus on education, the broker has received several accolades, including “Best Forex Execution Broker.”
Advantages
- Low Spreads: Spreads start from 0.0 pips, which is advantageous for traders.
- Educational Support: Provides extensive resources including market analysis, webinars, and tutorials.
- Multilingual Support: Customer service is available in 14 languages.
Disadvantages
- No Proprietary Platform: Tickmill relies on MetaTrader 4, which might not be ideal for all traders.
- Limited Asset Selection: The variety of tradable assets is somewhat narrow.
- U.S. Clients Not Accepted: U.S. traders are excluded from opening accounts.
Best Suited For
Tickmill is ideal for both beginners and experienced traders. Beginners will benefit from the educational materials and low deposit requirements, while experienced traders will appreciate the broker’s fast execution and competitive spreads.
Key Features
- Spreads from 0.0 Pips: Available on major forex pairs.
- No Commissions on Certain Instruments: Includes indices, oil, and bonds.
- Fast Execution: Average execution time is 0.15 seconds.
- Supports All Strategies: Including scalping and algorithmic trading.
Conclusion
Tickmill offers a strong trading environment with competitive spreads, extensive educational support, and transparent operations. Although it has limitations such as a lack of a proprietary platform and a restricted asset range, it remains a reliable choice for traders seeking a dependable trading experience.
