Among the many brokers in circulation, one stands out that has decided to differentiate itself by offering, clearly to the advantage of novice traders: it is Tickmill.
Its approach is clear, if you look at some elements such as trading tools, educational content and above all the economic conditions. Here is everything you need to know about Tickmill, and why it is a broker to be seriously considered.
Tickmill in pills
Tickmill is a European broker, and specifically English, based in London. It comes under the FCA regulation, one of the most important regulatory bodies in the world, which has granted it a solid license. In light of this, Tickmill operates according to the rules of MiFID, which is the most stringent legislation ever for what concerns the protection of investors. Tickmill is also licensed by the FSA, an authoritative American regulatory body.
The economic conditions of Tickmill
From this point of view, Tickmill appears unbeatable, surpassing even a broker listed as Plus500 in accessibility. Let’s start with the minimum deposit, which is really negligible. In fact, 25 dollars are enough to start trading. This is true for the two retail accounts, the Classic and the Pro, while the VIP one, which is actually reserved for professionals, requires a deposit of $ 50,000.
Even with regard to spreads, Tickmill is unsurpassed: the Classic account provides spreads from 1.6 pips upwards, while the other two do not even provide them. There are commissions only on Pro and Vip accounts, respectively of 2 and 1.6 dollars for every 100,000 dollars traded.
Everyone can then sign up for Tickmill, and earn immediately. Also because the leverage is extremely high, albeit variable. In fact, with reference to trading on certain pairs, an exceptional leverage of 1: 30 is reached.
Thanks to Tickmill you can invest in Forex, bonds, commodities, CFDs on oil, indices and the Bitcoin-Dollar exchange. All accounts offer combinations of four currencies: euro, dollar, British pound and Polish zloty. At best, however, there are 62 currency pairs.
The offer of trading tools is also excellent. Available to the user, a vast assortment of charts and indicators, software for autotrading and copy trader (myFX Book, through which the orders of others are replicated), a well-updated economic calendar complete with analyst estimates, a cutting-edge VPS service.
Finally, there is a very complete didactic offer, beginner-proof. The contents are all free and immediately usable on the site. They include webinars, video tutorials, a glossary, and blog and in-depth articles.
In short, judging by these elements and the success it is enjoying, Tickmill is a broker you can rely on, especially if you are a novice beginner.