State of the Nation – Up to Date Reports on Which of the Brokers Can be Trusted – Tickmill

Given the amount of technical and fundamental analysis that goes into running a successful investment strategy, it’s often surprising how many traders skip analysing the health of their broker. With some of the big-name brokers recently sharing performance updates, we’ve run the rule over some of them to assess which currently appear strong enough to justify investors holding accounts. Popular broker Tickmill is next up for review, and the good news for its clients is that the firm is building on already strong foundations.

Source: Tickmill

Tickmill

Tickmill’s global client base will undoubtedly be pleased to see the system upgrades that have recently come into play. Founded in 2014 and regulated and authorised by a range of Tier-1 authorities, the broker has in a relatively short time established an excellent reputation in the trading community. Its no-nonsense approach to fees and charges has proved popular with price-sensitive traders, and recent upgrades to some areas of the platform signal that the broker is moving up a level.

TradingView Available for No Charge at Tickmill

The most notable is the recent addition of the trading and research tool TradingView. Tickmill account holders can now seamlessly click a few acceptance boxes to sign-up with the third-party service to improve their market access and tap into social trading features.

Both of the moves are positive steps. The Direct Market Access (DMA) functionality of TradingView allows clients to carry out their trading closer to the heart of the market on the ever-popular regulated derivative exchanges: CME, NYMEX, COMEX, CBOT and EUREX.

The Social Trading features on TradingView mean clients can research markets and chat with other traders about events and strategy ideas.

If you want to try the new service, then timing is something to consider. Bought outright, the TradingView package usually comes with a price tag, but to celebrate the hook up, Tickmill is currently allowing its new and existing clients to sign up to TradingView for no charge. More information can be found here .

Account Admin Changes at Tickmill

The second notable change is that Tickmill has one of the widest ranges of payment options. Credit and debit cards are still the most popular, but reflecting shifts in consumer habits, the firm now accepts cash transfers using a host of other providers.

Source: Tickmill

Next Steps?

We at Forex Fraud, unfortunately, continue to receive messages from traders who have been scammed. Given the health of the broker sector, anyone considering signing up with a broker or switching broker could do worse than check out the reviews of trusted brokers. Even the newer entrants into the sector realise that being regulated with a Tier-1 authority such as the FCA or CySEC is a fundamental first step towards attracting switched-on customers.

Crowdsourcing information about scam brokers can help others avoid falling into the traps set by disreputable brokers and you can share your experiences here. If you want to know more about this particular topic, or have been scammed by a fraudulent broker, you can also contact us at [email protected]

About the author: Justin Freeman

Justin is an active trader with more than 20-years’ industry experience of working for big banks and hedge funds. He has an inside knowledge of how the financial markets work, thanks to roles including trader on a $750m Event-Arbitrage desk and CRO and COO of hedge funds running a variety of strategies. From stat-arb and trend-following CTA to fixed-income relative value. Firm’s he has worked at include big banks like Citi, and prominent hedge funds including D. E. Shaw and Millennium Capital Management.

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	Broker	Info	Best In	Customer Satisfaction Score
#1	Your capital is at risk Founded: 2014	Global Forex Broker	BEST SPREADS Visit broker	4.8
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#3	* 82% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money Founded: 2008	Global CFD Provider	Best Trading App Visit broker	5
#4	Between 74-89 % of retail investor accounts lose money when trading CFDs Founded: 2010	Global Forex Broker	Low minimum deposit Visit broker	4.9
#5	76% of CFD traders lose money Founded: 2007	Global CFD & FX Broker	ALL-INCLUSIVE TRADING PLATFORM Visit broker	4.9
#6	Your capital is at risk Founded: 2009, 2015 and 2017	Global Forex Broker	Low minimum deposit Visit broker	5
#7	Your capital is at risk Founded: 2006	CFD and Cryptocurrency Broker	CFD and Cryptocurrency Visit broker	5

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.