Since its inception in 2014, Tickmill has garnered a reputation for its competitive trading conditions and comprehensive support. The broker has been recognized with awards such as “Best Forex Execution Broker.”
Strengths
- Competitive Spreads: Starting from 0.0 pips, ideal for traders seeking low trading costs.
- Educational Resources: Offers extensive materials including market analysis and webinars.
- Multilingual Customer Service: Available in 14 languages through various channels.
Weaknesses
- No Proprietary Platform: Tickmill relies on MetaTrader 4, which may not be ideal for all traders.
- Limited Asset Range: The selection of tradable assets is relatively narrow.
- U.S. Traders Not Accepted: U.S. clients cannot open accounts.
Best Suited For
Tickmill is suitable for both novice and experienced traders. Beginners will find the broker’s educational resources and low deposit requirements beneficial, while experienced traders can take advantage of competitive spreads and fast execution.
Key Features
- Spreads from 0.0 Pips: Available on major forex pairs.
- No Commission on Select Assets: Includes indices, oil, and bonds.
- Fast Execution: Average execution time of 0.15 seconds.
- Supports All Strategies: Including scalping and algorithmic trading.
Conclusion
Tickmill provides a comprehensive trading experience with competitive conditions and strong educational support. Despite its limitations, such as the lack of a proprietary platform and limited asset range, it remains a reliable and efficient choice for traders.
