Here are some of the core trading features you will find within the broker operation.
TickMill is a no-dealing desk (NDD) broker that operates a hybrid execution model. This involves them being both a market maker and employing STP depending on the situation. They offer fast execution overall with an average speed of around 0.2 seconds per transaction.
The minimum trade size with Tickmill on most accounts is 0.01 lots. There is also a maximum trade size of 100 lots.
The broker permits multiple trading techniques. Scalping, hedging, and algo-trading are all available. You can also use the Autochartist web application or as a plugin for your MT4 trading platform.
When it comes to a VPS, this is provided by BeeksFX who offers a 20% discount if you are a TickMill client.
Stop loss, take profit, and trailing stops are all available to help you manage your positions safely and follow your own risk management plans when you are trading with TickMill. The broker will also issue a margin call if you are trading on leverage and your position reaches a certain amount of account equity.
The trading hours depend on the asset you are trading, but for forex trading, this is available 24/5. You can trade on Monday from 00:02 until 24:00, from Tuesday 00:00 to Thursday 24:00, and on Friday from 00:00 until 23:58 (MT4 Server time).
The leverage you will have access to very much depends on the broker entity you are trading under, and the regulation in place with that entity. Anyway, if you are an EU or UK trader, you will have up to 1:30 leverage. As a professional EU trader, you can extend this to 1:300 while a professional UK trader can access up to 1:500.
Trading under the FSA, Labuan FSA, and FSCA regulated entities, you will have up to 1:500 leverage available on forex as standard.
Platforms & Mobile
Charting and Trading tools
There is a full range of charting and trading tools made available through the trading platforms that the broker provides access to. This includes no less than 51 indicators you can use along with more than 30 other additional tools to help you gain insight.
TickMill provides MT4 trading platform across the board to all traders. Also, if you are an EU or UK trader, you will have access to MT5. Both where available can be accessed as desktop, or web trader and both are compatible with Windows and Mac operating systems.
These are some of the best-known and loved trading platforms with a huge wealth of experience in the industry. They are highly customizable, yet extremely easy to navigate and use for traders at all levels. They also support the EAs feature through which you can engage many auto trading strategies from around the industry.
As a UK trader, if you have a futures trading account you will have access to the CGQ and TradingView platforms on desktop and web-based.
All of the trading platforms including MT4, MT5, CGQ, and TradingView are available in mobile form with much of the same power as their desktop and web-based versions. The mobile platforms are all compatible with both iOS and Android devices.
Here is a closer look at the markets and assets that TickMill makes available.
There is a great range of more than 60 forex pairs made available. This includes major, minor, and exotic currency pairs. The spread here starts from 0 pips.
Gold and Silver cross pairs are both available from the broker. Again here, the spread starts from the very bottom at 0 pips.
Stock Indices and Oil
A total of 14 stock indices including the UK100, US500, JP225 are all made available. Alongside this, Brent and WTI oil are available to be traded. The spreads here start from 0.04 pips for Brent and WTI Oil, and 0.8 pips on stock indices.
In bonds, there are 4 in total available. These are the EURBOBL, EURBUND, EURBUXL, and EURSCHA. Spreads here again start from 0 pips.
Crypto trading is available on 3 major cryptocurrencies. These are BTC, ETC, and LTC with the spread starting from 0 pips but typically averaging considerably more.
Futures and Options
As mentioned, futures and options trading is open to UK traders only. If that is you, then you will have access to a total of 56 futures markets, and 6 options markets. The commissions on these start from $0.85, and the minimum trade size is 1 contract.
Here is a more detailed look at some of the other products you will find during your time with TickMill.
Advanced Trading Toolkit
The TickMill ‘Advanced Trading Toolkit’ can enable you to increase the level of your MT4 trading platform capability to provide maximum insight, and at the same time, interact with a group of other traders. The kit includes a total of 13 additional individual applications and 15 indicators that enable advanced trading features ideally for similarly advanced traders.
One Click Trading EA
The ‘One-Click Trading EA’ feature makes it very easy to perform multi-trade operations just with a click of your mouse. This can enable an EA to immediately be placed within MT4 and you will instantly be able to see the features and commands involved.
TickMill Prime is the liquidity provider for the trading service which is also run by the company as their own forex and CFD liquidity provider. This helps ensure consistently deep liquidity that can result in you getting the very best asset prices available.
They also offer high-level execution technology, premium connectivity, and MT4 white label services. A one-stop-shop for your trading needs.
Social Trading – Copy Trading
Copy and social trading through the broker are not available to UK and EU traders. For others though, these features can be accessed through the Pelican Trading Mobile App. Trades can be copied and you can interact with others when the services are connected to your TickMill MT4 Account.
Another form of copy trading that is available to all can be done by connecting your account to Myfxbook for the MT4 platform which is permitted.
Promotions and Contests
These promotions are available only to clients under FSCA, FSA, and Labuan FSA regulations.
$30 welcome bonus for new clients. There is no need to deposit funds to access this bonus and it is not available for existing clients.
Trader of the month contest. The broker chooses the best and skilled trader of the month and they can win $1000.
TickMill’s NFP Machine: During every NFP week, TickMill will choose one asset and challenge clients to guess its price on the MT4 at 16:00, 30 minutes after the NFP release. If you guess correctly, you will win $500 to your trading account. If no one manages to do it, the trader with the closest prediction will win a $200 prize.