Loads, when you are setting up your account you can choose from around 12 trading platforms and add-ons. But, I’d say Tickmill’s CQG set up is the best for experienced traders.
You can of course trade CFDs and Forex on MT4 with Tickmill, however, Tickmill probably has the widest range of trading platforms on offer of any broker we cover including:
- JIGSAW – Simplifies Your Trading
- CQG – Next-Generation Trading and Data Visualisation
- Multicharts – Advanced Market Analysis
- Sierra Chart Trading Platform – High-Performance Trading Platform
- TradingView – The Fastest Way To Follow Markets
- MotiveWave – Advanced Elliott Wave Software
- Bookmap – Identify market trends & hidden price patterns
- AgenaTrader – Multi-Asset, Multi-Broker, Multi Data feed trading platform
- Volumetrica – Developing of volume analysis trading platform
- Advanced Trading Analytical Software (ATAS) – Platform for volume and order flow analysis
You can decide what platform you want to trade on after you have funded your account, but for this review, we are going to focus on CQG – to quote Duncan and Marco “it’s an absolute beast”. Retail traders are fairly limited on who they can trade on CQG with and one of the good things about trading on CQG through Tickmill is that they do a lot of the heavy lifting before your account is set up.
There are lots of pre-set templates based on different types of trading for traders who may focus on timeframe, news, scalpers or options (whereas the base CQG set up is very basic).
Tickmill’s CQG is a good choice for smaller futures and options traders wanting DMA for scalping or high-frequency trading. Their MT4 offering offers access to the most popular markets with low trading costs.
Volume comparison
There is a nice tool that shows volume comparison of the previous day, weeks and months, which is useful for sniffing out algorithms or if someone is spoofing the markets.
Scalping screens
As Tickmill offers DMA and charges a commission scalping is allowed. They have a scalping template that is good for legging between two different contracts. You can see the order books of multiple markets on side-by-side mini-trade tickets.
Hybrid order ticket
Their hybrid order tickt enables traders to open or close positions by dragging and dropping up and down the ladder as either a limit, market, or stop entry order. Or when working stops you can either set them as market or limit stops depending on how price sensitive you are. All the usual professional order execution types are there, like iceberg and fill or kill. Those orders go direct on the order book, and can be moved with your mouse. It’s quite nice to be able to move orders visually rather than tapping at numbers.
Grouped asset classes
Tickmill has also created their own “Spreadsheet trader” module which gives you a good overview of multiple related markets and shows you exactly what they are doing. They are lumped together by asset class or category (softs, metals, currencies etc.) and can also be ranked by contract size, if you like the micro minis.
Trading from the charts
CQG lets you can drag the line on the chart to either enter stops or limits if you prefer to trade on levels like support and resistance. It’ll also show your working orders and if you hover over them, it will show the order details.
Linked modules
All the windows are linked together – so if you switch one, all change. You can drag and drop windows anywhere you want, delete and add modules as appropriate – if you muck it up, you can go back and open the pre-designed layouts that Tickmill has set up.
- Expert opinion: Tickmill reviewed & rated
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.
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