Does Tickmill offer options trading? 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 Does Tickmill offer options trading? across five key areas of our review framework.
- Pricing4.0
- Market Access3.5
- Online Platform4.0
- Customer Service4.0
- Research & Analysis4.0
Pros
- Options strategy builder
- CQG options trading platform
- DMA options trading
Cons
- Limited options market range
See full expert review
Our verdict
Tickmill offers options trading on CQG, which they have set up with specific options trading screens. They have a particularly helpful strategy builder that lets you set up options strategies loke condor spreads with the click of a button.
75% of retail investor accounts lose money when trading CFDs and spread bets with this provider.
Summary
- Options markets available: 10+
- Options costs: $1.30 per contract
- Minimum deposit: £1,000
- Account types: DMA
Yes, you can trade options on Tickmill, but you are limited to just Micro E-mini S&P 500 and Micro E-mini Nasdaq 100 contracts. If you want to trade on exchange options you are better off with a full service options broker like Interactive Brokers, or if you want CFD options IG, has good market coverage (and tax efficient financial spread betting).
Tickmill has a strategy builder that automatically builds options strategies. So say for example if you want to trade a condor spread, (where you aim to profit from either high or low volatility and sizable (or lack of) market moves) or any dozens of strategies, and don’t have the time to build it out individually, you just select your strategy and the legs are created for you.
Tickmill offers options trading on CQG, which they have set up with specific options trading screens. They have a particularly helpful strategy builder that lets you set up options strategies loke condor spreads with the click of a button.
Is Tickmill a good options broker?
Yes, you can trade options on Tickmill, but you are limited to just Micro E-mini S&P 500 and Micro E-mini Nasdaq 100 contracts. If you want to trade on exchange options you are better off with a full service options broker like Interactive Brokers, or if you want CFD options IG, has good market coverage (and tax efficient financial spread betting).
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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.
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