5 minute read

Is Tickmill An ECN Broker? or Market Market? Review broker?

Next Article
Is Trade Nation An ECN Broker? or Market Market? Review broker?

Is Trade Nation An ECN Broker? or Market Market? Review broker?

Is Tickmill An ECN Broker Or Market Maker? In-Depth Broker Review

Introduction

Tickmill is a well-known name in the forex trading industry, but many traders often ask: Is Tickmill an ECN broker or a market maker? Understanding a broker's execution model is crucial for traders looking to optimize their strategies. In this comprehensive review, we will analyze Tickmill’s brokerage model, trading conditions, spreads, commissions, regulation, and overall reliability.

By the end of this article, you will have a clear answer to whether Tickmill is an ECN broker or a market maker and if it is a good choice for your trading needs.

Top 10 BEST Forex Brokers

1️⃣ Exness: Open Account | Go to broker

2️⃣ JustMarkets: Open Account | Go to broker

3️⃣ XM: Open Account | Go to broker

4️⃣Pepperstone: Go to broker

5️⃣Avatrade: Open Account | Go to broker

6️⃣FpMarkets: Open Account | Go to broker

7️⃣XTB: Go to Website

8️⃣FBS: Go to Website

9️⃣Amarkets: Go to Website

What Is Tickmill?

Tickmill is a global forex and CFD broker that has been in the financial market for years. Established in 2014, it has grown into a reputable broker offering a variety of trading instruments, including forex, indices, commodities, and bonds. With regulatory licenses from major financial authorities, Tickmill has built a strong reputation among retail and professional traders.

What Is An ECN Broker?

Before determining whether Tickmill is an ECN broker, it is important to understand what an ECN broker is.

An ECN (Electronic Communication Network) broker directly connects traders to liquidity providers such as banks, hedge funds, and other traders. ECN brokers do not take the opposite side of a trade, ensuring true market execution. The key characteristics of an ECN broker include:

  • No dealing desk (NDD) execution

  • Raw spreads with a commission-based fee structure

  • High-speed trade execution with no re-quotes

  • Direct market access with variable spreads

  • Suitable for scalpers and high-frequency traders

What Is A Market Maker Broker?

A market maker broker, on the other hand, acts as a counterparty to traders’ positions. This means they create liquidity by taking the other side of a trade, potentially leading to a conflict of interest. Characteristics of a market maker broker include:

  • Fixed spreads

  • Dealing desk (DD) execution

  • Instant execution with possible re-quotes

  • Not ideal for scalpers or high-volume traders

Is Tickmill An ECN Broker or Market Maker?

Tickmill primarily operates as an ECN broker, providing direct access to liquidity providers. The broker does not act as a market maker, meaning it does not take the opposite side of your trades. Here’s why Tickmill is classified as an ECN broker:

1. No Dealing Desk (NDD) Execution

Tickmill offers NDD execution, which ensures orders are routed directly to liquidity providers without interference. This eliminates the risk of manipulation or conflicts of interest.

2. Tight Spreads & Commission-Based Trading

Tickmill offers raw spreads starting from 0.0 pips on its Pro and VIP accounts. Instead of adding a markup on spreads, Tickmill charges a commission on trades, a common practice among ECN brokers.

3. Fast Execution & Low Latency

Since Tickmill uses ECN technology, it ensures ultra-fast order execution with minimal latency. Traders can execute trades at lightning speeds, which is crucial for scalping and high-frequency trading strategies.

4. Direct Market Access (DMA)

Tickmill provides direct access to the interbank market, meaning traders can benefit from real-time market pricing without the involvement of a dealing desk.

Tickmill Trading Accounts

Tickmill offers different types of accounts tailored to various trading styles. Here’s a breakdown:

1. Classic Account

  • Minimum deposit: $100

  • Spread: From 1.6 pips (No commission)

  • Execution: STP (Straight Through Processing)

2. Pro Account (Best for ECN trading)

  • Minimum deposit: $100

  • Spread: From 0.0 pips

  • Commission: $2 per side per lot

  • Execution: ECN

3. VIP Account (For professional traders)

  • Minimum deposit: $50,000

  • Spread: From 0.0 pips

  • Commission: $1 per side per lot

  • Execution: ECN

The Pro and VIP accounts confirm that Tickmill operates as an ECN broker, as they charge commissions instead of widening spreads.

Regulation & Security

Tickmill is a well-regulated broker with licenses from top-tier regulatory authorities, ensuring safety and transparency for traders. These include:

  • FCA (Financial Conduct Authority - UK)

  • CySEC (Cyprus Securities and Exchange Commission)

  • FSA (Financial Services Authority - Seychelles)

  • FSCA (Financial Sector Conduct Authority - South Africa)

Pros & Cons of Trading with Tickmill

Pros:

✔ True ECN broker with no dealing desk execution ✔ Low spreads starting from 0.0 pips ✔ Competitive commissions ($2 per side per lot on Pro accounts) ✔ Fast execution speed with no re-quotes ✔ Regulated by multiple financial authorities ✔ Supports scalping, hedging, and algorithmic trading ✔ Offers MT4 and MT5 trading platforms

Cons:

✖ High minimum deposit for VIP accounts ($50,000) ✖ Limited asset selection compared to some competitors

Conclusion: Is Tickmill The Right Broker For You?

After reviewing Tickmill’s trading model, execution type, and account structure, it is clear that Tickmill is an ECN broker, not a market maker. The broker provides direct market access, raw spreads, and a commission-based fee structure, making it a great choice for traders looking for a true ECN trading experience.

If you are a scalper, day trader, or institutional trader seeking low spreads and fast execution, Tickmill is an excellent option. However, if you prefer fixed spreads and instant execution, a market maker broker might be a better fit for you.

Final Verdict: Tickmill is a reliable, well-regulated ECN broker that offers competitive trading conditions for professional traders. If you are looking for a broker with direct market access and transparent pricing, Tickmill is worth considering.

More articles from this publication:
This article is from:

Forex Brokers ECN - TOP List Best Forex broker ECN