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Tickmill and FP Markets offer a trading app for their mobile trader. But which one has the best trading app?
Tickmill and FP Markets are two of the most popular brokers in the forex industry. Both platforms compete with each other in every aspect, from platforms to tools to customer service. Today, we will dive into how each of these brokers varies from the other in terms of their trading applications.
What is Tickmill
Tickmill was established in 2014 by Ingmar and Illimar Mattus, brothers. Both have been business owners in the foreign exchange market for a substantial amount of time and have significant experience in financial services. Regulatory approval for the Tickmill brand has been granted in the United Kingdom, Cyprus, South Africa, Seychelles, and Labuan in Malaysia.
According to its website, Tickmill Group has more than 327,000 clients and more than 250 employees. Tickmill is useful to high-volume traders who want to trade just the most popular FX and CFD instruments. Tickmill's platform is easy to use and has a user-friendly interface. Tickmill supplements its MetaTrader offering with a wide ion of copy-trading platforms.
Tickmill is an award-winning global ECN broker, authorized and regulated by the Financial Conduct Authority (FCA) in the UK, CySEC in Cyprus, and the FSA of Seychelles. Founded in 2014, it offers its retail and institutional clients various trading services with a prime focus on forex, stock, commodities, CFDs, and metals.
For traders who prioritize the value of spreads in broker selection, Tickmill provides excellent services with low spreads, starting from 0.0 pips.
The London-based company has a mission to provide clients with the best possible trading environment, so clients can focus on trading and become successful traders. One way to reach its mission is to offer a fast-execution of 0.15s. With this facility, it's no wonder that Tickmill gets the 2019 Best Forex Execution Broker award by the CFI.co Awards. Also, Tickmill received the achievement as Best CFD Broker Asia 2019 by International Business Magazine, the Best Forex Broker Asia, and the Most Transparent Broker 2019 by Forex Awards.
After registering in Tickmill, traders can choose the most ideal asset among 60 currency pairs that they can trade. If traders aren't sure yet to open a real account, Tickmill recommends learning to trade through a demo account.
There are also educational features such as Webinars, Seminars, Ebooks, and Video Tutorials. All of these facilities can be used by traders to increase knowledge about trading and the financial market as a whole. If traders already have enough knowledge, they have a greater opportunity for earning profit consistently.
For traders registered in real accounts, they can choose between provides three types of accounts, including Pro Account, Classic Account, and VIP Account. Traders can open positions with a minimum order of 0.01 Lots. This applies to all types of accounts.
The company provides recommendations for traders who are still confused when choosing an account. For example, for novice traders, Tickmill encourages clients to choose a Classic Account. It offers optimal conditions with fast order execution while enabling traders to use virtually any trading strategy. Additionally, the account is trade commission-free so traders only pay the bid/ask spread. Other than the 3 main accounts above, Tickmill also provides an Islamic account (swap-free).
The downside is, trading with Tickmill will only enable traders to use MetaTrader 4 as their offered trading platform. Although not much if compared to other brokers, the Tickmill platform provides a user-friendly and highly customizable interface, accompanied by sophisticated order management tools to help traders control positions quickly and efficiently.
The convenience of trading on Tickmill is enhanced by the existence of One-Click EA integrated on MT4. Traders will get Stop Loss and Take Profit calculations automatically. On top of that, Tickmill provides a VPS hosting for automated traders that can't be bothered with technical problems such as troublesome internet connection.
They offer several third-party research solutions, including Autochartist, which is a popular pattern-recognition software that uses automated technical analysis to make forecasts and generate trading signals. Autochartist is available both in Tickmill's web portal and as a platform plugin for MetaTrader 4.
As a Tickmill client, a trader can deposit and withdraw with a variety of payment methods, including Visa, Mastercard, bank transfer, and Skrill. Tickmill accepts deposits and withdrawals in 4 currencies, which include USD, EUR, GBP, and PLN.
Overall, Tickmill is a competitive broker in spreads and provides a safe trading environment with its regulated entities in three different jurisdictions. Although their trading platform is not outstanding, the analytical tools they present to equip traders' needs are considered by retail broker standards.
Tickmill Trading App
Tickmill does not own a trading app of its own. However, it provides services through the most popular trading app, Meta Trader 4. This is the most used trading app by traders worldwide, mainly due to its easy user interface and the vast amount of tools in the library.
After downloading MetaTrader 4, choose from one of the many Tickmill servers available. Like the web trading platform, you can also choose from the several languages available. This trading app is available on iOS and Android devices.
See Also:
Benefits of Tickmill Trading App
The Tickmill trading app is called Meta Trader 4. The benefit of this trading app for Tickmill is that it is the most used trading app worldwide. As a result, traders would be more than happy to switch to Tickmill as they know they can use their favorite trading platform.
The biggest benefit of this trading app is that it provides users with trading alerts. This can be helpful when you're busy and unable to be on the app all day. The app will notify you when a deal has been opened or closed on your account.
Drawbacks of the Tickmill Trading App
Despite having several benefits, the Tickmill trading app also has its drawbacks. For starters, it does not have a two-factor authentication during login. Anyone accessing your mobile device can open the app and secretly start trading on your account. While this security concern may be overlooked in some scenarios, it can't be overlooked with the MetaTrader 4 app for Tickmill, as it does not have touch or face ID recognition. Anyone who knows your password can log into your account and start trading.
What is FP Markets
FP Markets is an Australian company that brokers currency exchange and CFDs. The ASIC, which is the highest level of regulation, oversees it. FP Markets provides competitive exchange rates and costs. You won't waste much time getting started because making deposits and creating an account is simple and quick.
Demo accounts and electronic books are two of the many helpful instructional resources currently available. Forex, CFDs, and cryptocurrency trading are the only products offered by FP Markets. Both the online and desktop trading interfaces offered by MetaTrader 4 have an ancient appearance. Despite this, the broker is one of the best in the industry.
FP Markets Trading App
FP Markets allows its users to choose from several trading applications. Users can choose Meta Trader 4, Meta Trader 5, and IRESS Mobile as their trading applications with FP Markets. These are available on both iOS and Android devices.
Once you download any of these trading applications, you must log in using the FP Markets server. You will have a list of different servers to choose from. Remember to choose the one that you were assigned. You can also from a range of different trading tools and pairs.
Benefits of FP Markets Trading App
The benefit of choosing a trading app through FP Markets is that you can choose from many trading apps. You have the option of ing the most popular Meta Trader applications, and you also have the option of ing the underdog, which is IRESS Mobile.
The other benefit is that Meta Trader allows you to turn on price alerts and perform other tasks instead of waiting on the markets all day. Once something important happens in your FP Market trading account, you will be notified immediately by the trading app.
Drawbacks of FP Markets Trading App
The FP Markets trading apps also come with some drawbacks. For instance, as discussed above, it has no two-step authentication or touch/face ID during the login process. This makes it very easy for someone with access to your mobile device to access your account. The other limitation worth noting is that there is no order confirmation. If your hand slips and you accidentally place a new order, there is no way to undo it. With an additional order confirmation screen, traders would feel more secure with FP Markets.
Which Trading App is Better
Now that we've understood the key details between the trading apps of both Tickmill and FP Markets, it is important to figure out which trading app is better. There is no doubt that FP Markets provides traders with a much wider variety of trading applications.
However, Tickmill provides users with better trading conditions, even if it is just with MetaTrader 4. At the end of the day, it is up to the trader to determine which service is higher on its priority list and which one is worth letting go of.
Mobile app trading is getting more popular these days. Tickmill and FP Markets isn't the only brokerage with good trading apps. Which brokers offer the best mobile apps?
26 Comments
Irene
Apr 6 2023
Hey, for the first time, I've come across the IRESS trading platform. I mean, there are many other platforms that are more famous, such as MetaTrader, TradingView, and even cTrader. So, what makes the IRESS mobile trading platform offered by FP Markets so special? By the way, I'm impressed with the trading platform offered by FP Markets. It's quite different from MetaTrader 4 and MetaTrader 5 to the IRESS mobile trading platform. Meanwhile, Tickmill only offers MetaTrader 4. Although it's still relevant, having many options of trading platforms available can allow traders to trade more effectively with the platform they know, and it can become a main weapon for advertising too!
Kerry
Apr 7 2023
Hey, let me tell you about IRESS Mobile offered by FP Market. So, IRESS Mobile is a sweet mobile trading app from FP Markets, a wicked popular forex and CFD broker. This app lets traders hit up the markets from their phones or tablets, with dope features like live prices, charts, and technical analysis tools. It's sick easy to use and you can even make custom watchlists!
With IRESS Mobile, you can trade all sorts of financial instruments, like forex, indices, commodities, and even crypto. It's the perfect way to stay connected to the markets and manage your trades from anywhere. Plus, the app has got your back with advanced order types like market, limit, stop, and trailing stop orders. So, get IRESS Mobile and start making those trades, no matter where you're at!
Joe Hans
Apr 7 2023
To be noted to you all. Why you seems doesnt know about IRESS, it is because IRESS Mobile is a proprietary mobile trading platform developed by FP Markets, an Australian-based forex and CFD broker. This means that the platform is exclusively designed and owned by FP Markets, and is not available to traders on other brokers' platforms.
The feature in IRESS Mobile is provide a smooth and intuitive trading experience on mobile devices, offers live prices, customizable charting tools, and a range of technical analysis indicators, as well as advanced order types, including market, limit, stop, and trailing stop orders. IRESS Mobile is available for both iOS and Android devices, and can be downloaded for free from the App Store or Google Play. Overall, IRESS Mobile is a reliable and user-friendly mobile trading platform that is designed to meet the needs of traders who are always on the move. It provides traders with access to real-time market data and advanced trading tools, allowing them to make informed trading decisions from anywhere, at any time and only limited to FP Market's client!
Rayce
Apr 6 2023
Hey, is it true that MetaTrader 4 is still relevant? I mean, Tickmill still offers it even though they are considered a good and advanced broker with services for four million traders worldwide. I have read about MetaTrader 4's article that shared by author above, but I don't really understand it. Meanwhile, some traders are using MetaTrader 5. Based on an article I read, Tickmill offers both MetaTrader 4 and a mobile version of it. So, is it still relevant today when other platforms may have more advanced features? Hope I can get the explanation!
Keane
Apr 8 2023
MetaTrader 4 is still relevant today, even though it has been around for a while. Many brokers, including Tickmill, still offer it as a trading platform because it is a popular and reliable platform that many traders are familiar with. Additionally, MetaTrader 4 is known for its user-friendly interface and advanced charting tools, which make it easy for traders to analyze the markets and make informed trading decisions.
While newer platforms like MetaTrader 5 offer additional features and functionality, some traders still prefer the simplicity and ease of use of MetaTrader 4. For example, some traders prefer the order management system of MetaTrader 4, which allows them to modify and close multiple orders at once.
Furthermore, as you mentioned, Tickmill offers a mobile version of MetaTrader 4, which allows traders to trade on the go from their mobile devices. This feature is particularly attractive to traders who are always on the move and want to be able to manage their trades from anywhere. I suggest you to try the MetaTrader 4 first and after that MetaTrader 5 to see the difference!
Tokyu
May 6 2023
While reading this article about trading app, I came across a mention of a trading platform called MT4, which apparently has an "ancient appearance" for both its online and desktop interfaces. I'm quite curious to know what this ancient appearance actually looks like - is it clunky and outdated, or is it more like a retro style that's still cool? Additionally, I'm wondering if there are any ways to customize or edit the appearance of MT4 to make it more modern or appealing. Are there any add-ons or plugins that traders can use to improve the look and feel of the platform, or is it pretty much set in stone? Overall, I'm just interested in learning more about MT4 and its interface, and whether or not traders find the appearance to be a major factor in their decision to use the platform.
Gabriel
May 5 2023
Let me answer! MT4, short for MetaTrader 4, is an older trading platform that's been around for a while. Although it's a dependable platform for traders, its interface might not be as visually appealing compared to newer platforms. It has a pretty simple design with a black and white color scheme that some might describe as "ancient".
However, MT4 is pretty flexible when it comes to customization. You can add indicators, custom scripts, and even automated trading strategies to the platform. And if you're looking for something more, there are third-party plugins available that can make the platform look and function better.
So even though MT4 might not be the prettiest platform out there, it's still a good choice for traders due to its reliability and flexibility. You can customize it to your liking with various add-ons and plugins that are available. But at the end of the day, the appearance of a trading platform isn't the only factor to consider. The most important things are whether it's easy to use, reliable, and has the functionalities you need.
Jessie
May 13 2023
Absolutely, I completely agree with you. While the appearance of a trading platform is definitely important, it's not the only thing that matters. MT4 might not look as modern as some other platforms, but its reliability and flexibility more than make up for it. And with the ability to customize the platform with different add-ons and plugins, it's possible to make it look and function just the way you want. So overall, I think MT4 is still a solid choice for traders who are looking for a dependable and customizable platform.
Sebastian
May 6 2023
Hey, I was reading this article about FP Markets and I learned that they are regulated by the ASIC, which is one of the strictest financial regulators in the world. It got me wondering about the terms and conditions that brokers need to meet in order to be regulated by ASIC. Do you know what those are? Also, what happens if a broker breaks the rules set by ASIC? I'm really curious to know more about this, any insights would be greatly appreciated! Thanks!
Valen
May 7 2023
So, you're curious about the ASIC and the regulations that brokers like FP Markets need to follow to get regulated. Well, let me tell you, ASIC is no joke - they're one of the strictest regulators out there! To get regulated by ASIC, brokers need to meet a whole bunch of requirements, like having a minimum level of capital, keeping client funds in separate accounts, and following strict compliance and risk management procedures.
Now, if a broker breaks any of the ASIC regulations, they could face some serious consequences, like fines, suspension, or even losing their license altogether. So, it's definitely in their best interest to play by the rules!
Kevin
May 8 2023
Absolutely! Brokers who seek ASIC regulation must fulfill specific capital requirements. The actual amount of capital needed can vary depending on the financial services provided by the broker. For instance, brokers that deal with derivatives such as forex and CFDs have to meet the minimum net tangible asset (NTA) requirement of AUD $1 million. Meanwhile, brokers who provide securities services like stockbroking are subject to a higher NTA requirement of AUD $5 million. If FP Market and Tickmill are ASIC-regulated, it means they have strong capital flow, without necessarily requiring them to have offices in Australia or purchase buildings.
Merlin
May 6 2023
Hey, I've been exploring trading lately and I keep hearing a lot about this MetaTrader 4 (MT4) platform being a popular choice for traders. The article also mentioned how Tickmill offers better trading conditions with MT4. But I've heard there are newer and more advanced platforms out there. So, I'm curious, why do you think MT4 is still so popular among traders despite the availability of better options? Do you think it's because traders are more familiar with it or is there something unique about the platform itself that sets it apart?
Eddie
May 8 2023
Sure thing, buddy! MetaTrader 4 (MT4) has been around for a long time and has become a favorite among traders because it's user-friendly and has a lot of features that are useful for trading. Plus, a lot of traders have been using it for years and are used to it, so it's kind of like a comfortable old shoe.
Even though there are newer and more advanced platforms out there, MT4 still holds its ground because it's reliable and has a large user base. It's like that old saying, "if it ain't broke, don't fix it." You can also read the comment before about the MT4 relevant.
That being said, it's always good to explore new platforms and see what they have to offer. But for many traders, MT4 is a tried and true platform that they can rely on.
Tedd
May 10 2023
The article mentioned that Tickmill relies on the popular Meta Trader 4 trading app rather than having its own proprietary app. This got me thinking about the advantages of having a broker's own trading app versus relying on a third-party app. In terms of technology, it seems plausible that brokers with their own trading app would be able to offer a more seamless and optimized trading experience, as they have more control over the app's features and functionality. However, I wonder if there are any potential downsides to having an app that is too heavily focused on the broker's own offerings and lacks the third-party support that a popular app like MT4 provides. I'm curious to know more about the pros and cons of brokers having their own trading app and how it might impact the overall trading experience for users.
Memphis
May 13 2023
In my opinion, having their own trading app can be a real game-changer for brokers. They can customize it to their heart's content and provide a more tailored experience for their clients. Plus, having their own app means they can offer unique features and integrate other services, which is pretty sweet.
However, relying solely on a proprietary app can be risky. If it's not well-known or trusted, it could turn off potential clients. And if it's too focused on the broker's offerings, it could limit users' options and hurt the overall trading experience.
So, it's all about finding a balance. Brokers need to offer a great app that stands out from the crowd, but also make sure it's accessible and compatible with popular third-party apps like MT4.
Morgan
May 22 2023
I came across an article discussing the Tickmill trading app, and it highlighted both the benefits and drawbacks of using it. One particular drawback mentioned was the lack of two-factor authentication during login. It means that anyone who gains access to your mobile device can open the app and start trading on your account without any additional security measures. This could be quite concerning, especially when it comes to the MetaTrader 4 app for Tickmill, as it doesn't offer touch or face ID recognition. Essentially, if someone knows your password, they can log into your account and start trading.
Now, here's what I'm curious about. When it comes to withdrawals, am I correct in assuming that the funds still need to be transferred to a bank account that bears our name? In other words, is it necessary to undergo a Know Your Customer (KYC) process for our bank account or any other payment option we choose for withdrawing funds from Tickmill? I'm just trying to understand the security measures and protocols involved when it comes to handling our funds and ensuring that they are being transferred to the right account. Thank you!
Jurgen
May 25 2023
@Morgan: When it comes to withdrawing your funds from Tickmill, they have a strict policy to transfer the money only to a bank account that is registered under your name. This is done for your own security, ensuring that your hard-earned cash goes straight into your pocket.
To make sure everything goes smoothly, Tickmill follows a process called Know Your Customer (KYC). This means they verify your identity and cross-check the bank account details you provide for withdrawal with your personal information. They do this to keep your funds safe and prevent any shady business.
By following these security measures, Tickmill takes great care in handling your funds. They want to make sure that every penny reaches you without any issues. It's all about keeping things legitimate and creating a secure trading environment for their valued clients. So, rest assured that your money is well-protected!
So, even if someone somehow manages to hack into your trading account, they won't be able to withdraw any funds to their own bank account. That's because Tickmill only allows withdrawals to the bank account registered under your name. So, your money is doubly safe!
Brendo
May 27 2023
When it comes to crypto trading, I'd love to know which trading app between Tickmill and FP Markets offers a better experience. Do both of these apps provide access to a wide range of cryptocurrencies? I'm particularly interested in trading popular cryptos like Bitcoin, Ethereum, and Litecoin, but it would be a bonus if they offer some lesser-known altcoins too.
Now, let's talk about the user experience. Which app has a more user-friendly interface and intuitive design for crypto trading? I want to be able to navigate through the app easily, place trades quickly, and monitor my crypto positions without any hassle. It's important for me to have a seamless and smooth trading experience.
Another aspect to consider is the app's security measures. Since crypto trading involves digital assets, I want to ensure that my funds and personal information are kept safe. Which app has better security features and protocols in place to protect against any potential threats or breaches? Thank yoU!
Nick Saint
Oct 22 2023
@Brendo: Hello dude! In my opinion, I would choose Tickmill for crypto trading. It's essential for me to have access to a variety of cryptocurrencies, including popular ones like Bitcoin, Ethereum, and Litecoin, and I appreciate that Tickmill typically offers these options. Moreover, when it comes to the user experience, Tickmill's platform, in my view, provides a more user-friendly interface and an intuitive design that makes it easier to navigate, place trades, and monitor crypto positions seamlessly. Finally, the security of my digital assets is of utmost importance, and I believe that Tickmill typically has robust security measures in place to protect against potential threats or breaches. So, for me, Tickmill ticks all the boxes for a reliable and convenient crypto trading experience.
Lidya
May 29 2023
Did you know that the article mentioned FP Markets has a limitation where there is no order confirmation feature? According to the article, if your hand slips and you accidentally place a new order, there is no way to undo it. The author suggests that having an additional order confirmation screen would make traders feel more secure with FP Markets. Based on what you read in the article, how do you think the inclusion of an order confirmation screen would enhance the trading experience and provide a greater sense of security for traders with FP Markets?
Peter
Jun 1 2023
@Lidya: yes! Order confirmation screen could enhance the trading experience and give traders that extra peace of mind. First off, it acts as a safety net. You get that final chance to double-check all the trade details before it goes through. It's like a last-minute review to catch any mistakes or prevent those oops moments. No more less nights wondering why you accidentally bought that stock instead of selling it!
But it's not just about preventing blunders. Having an order confirmation screen adds a layer of confidence. You can visually confirm that your trade instructions are spot on. It's like a virtual thumbs up, reassuring you that everything is set and ready to go. It builds trust in the platform and lets you trade with a bit more swagger.
And let's not forget about the pause it provides. With that order confirmation screen, you're encouraged to take a quick breather and really think about your trade decisions. You can review the trade size, the price, and even set your stop-loss levels with a clear mind. It's like a little reminder to be deliberate and make informed choices.
Jefferson
Jun 12 2023
What are some potential drawbacks or limitations of using MetaTrader 4 (MT4) as your primary trading app, despite its popularity and user-friendly interface? While MT4 is widely recognized and favored by traders worldwide for its extensive tool library and ease of use, are there specific areas where it may fall short compared to other trading apps? For instance, does MT4's outdated design and technology pose any challenges? Are there any limitations in terms of advanced order types, charting capabilities, or support and updates? Understanding the potential drawbacks of MT4 can help traders make informed decisions about their choice of trading platform.
Nicky
Jun 13 2023
@Jefferson: In my opinion, dude, despite its popularity and user-friendly interface, MetaTrader 4 (MT4) may have a few drawbacks and limitations as your go-to trading app. Don't get me wrong, MT4 is widely recognized and loved for its extensive tool library and easy navigation. But, let's keep it real, its design and technology are a bit outdated, which can be a bummer in terms of user experience and missing out on modern features. Plus, when it comes to advanced order types, charting capabilities, and getting timely support and updates, MT4 falls a bit short compared to some other trading apps out there. So, being aware of these potential limitations is important when making your decision on which trading platform to roll with, bro. It's all about finding the right fit for your trading style and needs, ya know?
Juan Liandu
Oct 27 2023
As per the article, FP Markets offers a range of trading applications, granting users the flexibility to select from Meta Trader 4, Meta Trader 5, and the distinct IRESS Mobile. What's particularly captivating is the unique appeal of IRESS Mobile, which prompts questions about its standout features and functionalities that differentiate it from the other trading applications. This inquisitiveness arises from the desire to grasp a more comprehensive understanding of what makes IRESS Mobile a compelling choice, and how it effectively aligns with the preferences and needs of traders. Additionally, exploring the specific advantages and exceptional capabilities it brings to the table for users of both iOS and Android devices is of paramount interest. While there was a prior question regarding IRESS Mobile, my curiosity persists as I seek a clearer and more detailed insight into the advantages and intricacies of IRESS Mobile trading.
Lala
Mar 22 2024
I'm interested in learning more about Tickmill, as mentioned in the article. It's noted that Tickmill is particularly beneficial for high-volume traders who focus on trading the most popular FX and CFD instruments.
I'd like to delve deeper into the concept of high-volume trading. Can someone explain what this term means? Additionally, I'm curious about whether there are low-volume traders as well, and if so, could someone provide an example? Thanks!
Omar
Mar 24 2024
Hey there! High-volume traders are individuals or entities that execute a large number of trades or trade significant volumes of assets within a given period. They typically engage in frequent trading activities and may hold substantial positions in the market.
High-volume trading often involves substantial capital and is characterized by rapid turnover of assets. These traders may employ various strategies, such as scalping or day trading, to capitalize on short-term price movements and fluctuations in the market.
On the other hand, low-volume traders are those who execute fewer trades or trade smaller volumes of assets compared to high-volume traders. They may have a more conservative approach to trading, focusing on long-term investments or trading with smaller positions.
For example, a high-volume trader might execute hundreds or even thousands of trades per day, while a low-volume trader might only execute a handful of trades per week or month. The distinction between high-volume and low-volume trading lies in the frequency and size of trades executed by traders.