Does Tickmill Use MT4: A Comprehensive Review

Published :
Written by

Forex traders always look for reliable and trusted trading platforms. There are many online forex trading platforms, including MT4, MT5, cTrader, and others. These platforms provide access to forex markets. Most forex brokers use MT4 as their default trading platform. So, if you are considering using Tickmill as your broker, you may be wondering if it works with MT4.

Tickmill is one of the popular forex brokers, offering forex, CFD, and Crypto CFD trading. In this article, we will discuss the compatibility of Tickmill with MT4. We will also explore alternative trading platforms, pros and cons, MT4 account creation, and more

Does Tickmill Support MT4?

Yes, Tickmill supports MT4 as its trading platform. MT4 is one of the most popular trading platforms in the world. It is known for its user-friendly interface, advanced charting tools, and automated trading capabilities. Traders can access the MT4 platform on Tickmill through various devices, including desktop computers, web browsers, and mobile devices

What Other Trading Platforms Does Tickmill Support ?

Tickmill supports several other trading platforms. They include:    

MetaTrader 5

Released in 2010, MT5 is a multi-asset trading platform developed by Metaquotes, the same company that developed MT4 in 2005. MT5 is the upgraded version of MT4. It offers more timeframes on charts, with 21 compared to MT4’s 9. MT5 also offers a built-in economic calendar and partial order fill policy. Additionally, MT5 allows depth of the market (DOB). The programmatic language of MT5 is MQL5. However, it is not as popular or user-friendly as MT4 yet

WebTrader Platform

WebTrader typically refers to an online trading platform accessible through a web browser. It allows traders to execute trades, analyze markets, and manage their portfolios directly from a web-based interface, without the need to download or install any software. WebTrader platforms often offer a range of features, including real-time market data, charting tools, technical indicators, order management capabilities, and account monitoring functionalities. They are popular among traders for their convenience, accessibility, and flexibility, as they can be accessed from any internet-connected device without requiring additional software installations

MetaTrader for Mac

Tickmill Mobile App

Features of Tickmill MT4

Superior Trading Conditions:

Tickmill offers traders competitive trading conditions when using MetaTrader 4. This includes tight spreads, which can significantly reduce trading costs, and competitive leverage, giving traders the potential for larger positions with a relatively small capital investment. Access to a wide range of financial instruments, such as major and minor currency pairs, commodities, indices, and more, ensures that traders can diversify their portfolios and take advantage of various market opportunities.

Ultra-Fast Execution:

Tickmill’s MetaTrader 4 platform is known for its ultra-fast order execution. This is crucial, especially in high-frequency trading or when capitalizing on short-term price movements. Fast execution ensures that traders can open and close positions at the desired price without significant slippage, reducing the risk of missed opportunities or unexpected losses due to delays in order processing.

All Strategies Allowed:

Tickmill’s MetaTrader 4 platform is strategy-agnostic, meaning it accommodates a wide range of trading strategies. Traders can employ scalping, day trading, swing trading, or position trading strategies. Moreover, the platform supports hedging, which is beneficial for risk management and diversification. Additionally, the use of Expert Advisors (EAs) for automated trading is allowed, enabling traders to implement algorithmic trading strategies.

Safety of Client Funds:

Tickmill prioritizes the safety of client funds through regulatory compliance and the use of segregated client accounts. Regulatory oversight ensures that the broker adheres to strict financial and operational standards, safeguarding clients from potential fraud or financial mismanagement. Segregated accounts mean that clients’ funds are kept separate from the broker’s operational capital, reducing the risk of clients’ funds being used for any purpose other than their intended trades.

Pioneering Technology:

MetaTrader 4 is well-regarded for its pioneering technology. It provides traders with advanced charting tools, customizable indicators, and analytical capabilities. The platform offers historical price data, real-time market news, and an extensive library of technical indicators, all of which are valuable for conducting technical and fundamental analysis. This empowers traders with the necessary tools to make informed and data-driven trading decisions.

Dedicated Support:

Tickmill provides dedicated customer support to assist traders with any issues or inquiries related to the MetaTrader 4 platform. This support can include technical assistance, guidance on using specific features or tools, and addressing any account-related concerns. Access to responsive customer support is vital for traders, especially during times of technical difficulties or when needing clarification on platform functionalities.

How to create an MT4 Trading Account on Tickmill

Creating an account on Tickmill is easy and simple. Here are the steps : 

Step 1: Account Setup:

  • Create an Account: If you haven’t already, sign up for an account on Tickmill. Follow the registration process and provide the necessary information.
  • Account Verification: Complete the account verification process by submitting the required documents, ensuring compliance with regulatory standards.

Step: 2 Download and Install MT4:

  • Access Tickmill Website: Login to your Tickmill account through the official website.
  • Visit to MT4 Section: Locate the section related to MetaTrader 4 on the Tickmill website.
  • Download MT4 Platform: Download the MT4 platform from the provided link.
  • Install MT4: Follow the installation instructions to install the platform on your computer.

Step 3: Login to Your MT4 Account:

  • Launch MT4: Open the installed MT4 platform on your computer.
  • Login Credentials: Enter your Tickmill account credentials (username and password) provided during the account registration process.
  • Server Selection: Choose the appropriate Tickmill server from the list.

Step 4: Explore the MT4 Interface:

  • Market Watch: View available instruments and their real-time prices in the Market Watch window.
  • Charts: Open charts for different financial instruments. Customize chart settings, and timeframes, and add technical indicators.
  • Order Execution: Execute trades using the ‘New Order’ window. Specify trade parameters, such as volume, stop-loss, and take-profit levels.

Step 5: Use of Trading Tools:

  • Technical Analysis: Leverage the advanced charting tools for technical analysis. Add indicators, trendlines, and other analysis tools to enhance your decision-making.
  • Expert Advisors (EAs): Explore and use Expert Advisors for automated trading. Install EAs or create your own to automate trading strategies.

Step 6: Monitor and Manage Trades:

  • Trade Management: Monitor open positions, view account history, and manage trades using the ‘Trade’ and ‘Account History’ tabs.
  • Modify Orders: Adjust stop-loss and take-profit levels or modify existing orders directly from the platform.

Step 7. Mobile Trading (Optional):

  • Download Mobile App: If desired, download the MT4 mobile app on your smartphone or tablet.
  • Login to Your Account: Use your Tickmill account credentials to log in to the mobile app.
  • Trade on the Go: Manage your trades, monitor the market, and execute orders from your mobile device.

Step 8: Customer Support and Resources:

  • Tickmill Support: Reach out to Tickmill customer support for any platform-related queries or assistance.
  • Educational Resources: Explore educational materials and resources provided by Tickmill to enhance your trading knowledge.

The Pros and Cons of Using MT4

Pros
  • Free to Use 
  • User-Friendly Interface 
  • Real-time access to market prices
  • Widely Used for Traders 
  • Customizable Indicators 
  • Backtesting Capabilities 
  • Large Community and Support 
  • Allows Automated Trading 
  • Multiple Servers 
  • Low System Requirements 
  • Multi-Language Availability 
  • Support Mobile, PC, and other Devices 
  • Support Multi assets including Forex, CFD, Crypto CFD, Indices, and Commodities.
Cons
  • Limited Number of assets 
  • Lack of Build-In News Feed 
  • No Economic Calendar:
  • No Depth of Market
  • Older Architecture
  • Lack of Advanced order type  ( 4 Pending order while MT5 has 6 ) 
  • Mono-threaded platform with 32-bit operating system
  • Limited Timeframe on charts (9 Timeframe while MT5 has 21 time frame)

Frequently Asked Questions (FAQs)

What is Tickmill?

Founded in 2014.  Tickmill is a regulated forex broker. It allows restriction-free trading facilities to traders worldwide. Tickmill offers Forex , Stock Indices, Commodities, Bonds, Cryptocurrencies, Stocks trading with up to 1:500 leverage. It claims itself as a true ECN forex broker.  

What is MT4?

Metatraders 4 (MT4)  is a widely used electronic trading platform for forex and other financial instruments. It offers a user-friendly interface, advanced charting tools, and support for automated trading through Expert Advisors (EAs). Traders can execute trades, conduct technical analysis, and implement automated strategies on the MT4 platform.

Does Tickmill offer an MT4 Demo Account for Free?

Yes, Tickmill provides a free MT4 Demo Account. This allows users to practice and familiarize themselves with the features of the platform without risking real money. It’s an excellent way for beginners to learn and for experienced traders to test new strategies.

What is the timezone of Tickmill MT4?

The server time for Tickmill is GMT+2 or GMT+3 depending on the time of year. During the winter months, the server time is GMT+2, while during the summer months, it is GMT+3. 

Can I Use EA with Tickmill MT4?

Yes, traders on Tickmill can use Expert Advisors (EAs) with the MT4 platform. EAs enable automated trading by executing predefined trading strategies, making it convenient for traders who wish to implement algorithmic approaches.

What is the Minimum Amount I Can Deposit for Tickmill?

The minimum deposit for Tickmill is as low as $100. This low entry requirement makes it accessible for traders with low levels of capital.

Is Tickmill MT4 Available for MAC Users?

Yes, Tickmill MT4 is available for MAC users. Traders using MAC computers can easily download and install the MT4 platform to access the full suite of trading features.

Is Tickmill MT4 Available on Android Devices?

Yes, Tickmill MT4 is available on Android devices. Traders can download the mobile app from the Google Play Store and enjoy the convenience of trading on the go.

Does Tickmill Offer Mobile Trading on MT4 Platforms?

Yes, Tickmill offers mobile trading on MT4 platforms. Whether on Android or iOS devices, traders can use the MT4 mobile app to manage their trades, monitor the market, and execute orders from anywhere.

What Instruments Can I Trade on Tickmill MT4?

On Tickmill MT4, traders have access to a diverse range of instruments, including Forex , Stock Indices, Commodities, Bonds, Cryptocurrencies, Stocks. This allows for a comprehensive trading experience across various financial markets.

Does Tickmill Use MT5 Trading Platform?

Yes, Tickmill uses the MT5 platform. MT5 is the upgraded version of MT4. Both MT4 and MT5 are developed by Metaquotes

Where is the Headquarters of Tickmill Located?

The headquarters of Tickmill is located in London, England

What are the Account Types in Tickmill?

Tickmill offers 5 types of accounts: Classic, Pro, VIP, Demo, Islamic

Final Thoughts:

Tickmill uses MT4 as its trading platform. It also uses other platforms like MetaTrader for Mac, Web trading Platform, Tickmill Mobile App and more.

MT4 is one of the most popular and widely used trading platforms in the forex work. It is known for its user-friendly interface and advanced tools. It facilitates online trading in various financial markets, offering features like chart analysis, automated trading through Expert Advisors, and accessibility across multiple devices

Disclaimer : Trading forex and CFDs comes with the risk of losing your trading capital. 

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

Leave a Comment