Options trading is an extremely useful type of investing that has many potential applications, so every novice trader should definitely learn how to use these derivatives. However, not all brokers offer them to their clients, so you have to look for opportunities here and compare different companies. Tickmill is a reputable broker favored by both professionals and beginners, but does it allow you to trade options or not? In this article, we’re going to give you an answer to that question.
Founded in 2014, Tickmill is an international broker that operates all over the world and provides all of its clients with high-quality brokerage services. Tickmill features many different assets to choose from including more than 60 Forex pairs, oil and gold, bonds, and so on. The broker is favored by novices for its extensive library of modern educational materials, and professionals enjoy low spreads, quick order execution, and high leverage rates.
Tickmill is pretty popular among Forex traders, but there are not too many people trading options yet, and it’s a great opportunity to earn. But can you trade options at Tickmill at all?
While the choice is not that impressive, the broker actually does have a small selection of options you can trade. The rates offered by the broker are among the best on the market: the base rate is about $0.85, and the commissions start from $1.30, so you can start trading options even without having too much money. However, you can get to options trading right away: while Tickmill requires $200 as your minimum deposit, you should have at least $1000 to start trading options.
The problem is that there are only 7 markets available, and the broker doesn’t offer its clients options directly on US stocks. Anyway, don’t forget that you can employ advanced scanners to look for trades and patterns without investing too much time and money, and you should definitely use these tools to make trading simpler for yourself.
How to start trading
If you want to start trading options via Tickmill, the process is very simple. Just sign up to the website by providing and verifying some personal information. Then, log into your newly created account and make an adequate deposit. There are no deposit fees here, so you won’t have to pay extra. Choose the payment method you want and enter the sum, and that’s it. Once the account is funded, just visit the trading tab and start looking for options to trade.