Tickmill
Alison Heyerdahl May 7, 2019 07:46 PM
A trustworthy broker with MT4 and MT5 support and one of the lowest-cost trading accounts in the industry, Tickmill provides a perfect trading environment for serious beginners and more experienced traders. However, traders from Zambia will be onboarded through Tickmill’s Seychelles-based entity, which provides less protection than regulators in the EU or Australia. With two account types on offer, the Raw has market-leading trading conditions, leaving the fixed-fee Classic Account feeling out of place. The Raw account has a spread from 0 pips on the EUR/USD, a 100 USD minimum deposit, and a commission of 6 USD (round turn) per 1 lot traded. The commission-free Classic Account, also with a 100 USD minimum deposit, has a spread of 1.6 pips (EUR/USD), which is higher than the industry average. Education and market analysis are excellent and experienced traders will appreciate the wide range of currency pairs. Overall, while Tickmill’s Classic account is more expensive than other similar brokers, the low-cost commission account makes it an excellent choice of broker for MetaTrader users looking for a new broker.