Is Tickmill an ECN & DMA broker? Expert rating
Our expert rating is the average of the areas listed here, each scored out of 5 by our team.Our experts have rated Is Tickmill an ECN & DMA broker? across five key areas of our review framework.
- Pricing4.0
- Market Access3.5
- Online Platform4.5
- Customer Service4.0
- Research & Analysis3.5
Pros
- DMA trading on CQG
- Low trading costs
- Exchange fees built into commission
Cons
- Only the most popular markets
See full expert review
Our verdict
Tickmill lets you trade DMA futures and options on micro, mini and full size futures contracts so is a good choice for high frequency scalpers who need direct market access to the most popular markets.
75% of retail investor accounts lose money when trading CFDs and spread bets with this provider.
Summary
- DMA markets available: 578
- Minimum deposit: £100
- Account types: CFDs, futures & options
- Pricing: US Shares 0, FTSE 0.9, GBPUSD 0.3
When you trade futures with Tickmill they are operating in an ECN capcity and passing orders directly through to an exchange. However, if you are trading CFDs or forex, depending on what jurisdiction your account is regulated in they may not be operating an ECN model.
Tickmill offers both on-exchange currency futures which are suitable for high-frequency DMA traders and also Forex CFDs for traders that are not so price sensitive.
One thing that makes Tickmill’s forex trading stand out is the range of platforms and ways to trade. You can trade forex CFDs on MT4 & MT5 or you can trade forex with DMA (Direct Market Access) on mini, micro and standard futures contracts with CQG.
- DMA markets available: 578
- Minimum deposit: £100
- Account types: CFDs, futures & options
- Pricing: US Shares 0, FTSE 0.9, GBPUSD 0.3
See our full Tickmill review for more information about Tickmill and B-books
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.