Tickmill adds Crypto CFDs on MT4 and MT5
“We can see that there’s been such a shift towards including cryptocurrency trading as more and more traders use the products as safe haven assets.”
Tickmill has announced the addition of Bitcoin, Ethereum, Litecoin, Cardano, Ripple, Stellar, Chainlink, and EOS in the form of crypto CFDs available on MetaTrader 4 and MetaTrader 5.
The retail FX broker is following the trend in capital markets as the emerging asset class shows no signs of stopping and demand from investors and traders continues to grow.
Crypto CFDs on MetaTrader 5
Tickmill has recently diversified its product portfolio with the launch of Futures, Options, and CFDs on Futures. By including extra cryptos on its CFD offering, the broker is going the digital asset route.
Duncan Anderson, Chief Executive Officer at Tickmill UK Ltd, said: “Enhancing our Crypto CFD offering has been in the pipeline for a while now, so we’re really excited that we’ve managed to fulfill that next step on the journey of having this huge product portfolio available to our traders. Our brokerage department has undertaken extensive work in reducing spreads which should have a major impact on our client’s trading experience.”
“We can see that there’s been such a shift towards including cryptocurrency trading as more and more traders use the products as safe haven assets. Alternatively, the products may even constitute a huge portion of their overall portfolio. At this point, we needed to ensure that we move with the times to fully include the wants and needs of the diverse trading landscape and the traders within. It’s a solution that we wanted to employ to satisfy our clients, no matter their approach.”
Tickmill boasts a crypto CFD offering that includes Bitcoin, Ethereum, Litecoin, Cardano, Ripple, Stellar, Chainlink and EOS. Trading is available on MetaTrader 4 and MetaTrader 5.
The broker introduced MetaTrader 5 to its customers in September 2021 as means to simplify the trading process for clients. It differs from the genuine version in terms of its more progressive algorithms for processing client operations, its speed and ease of use when conducting trades.
In an announcement to its clients, the broker informed traders that MT5 will be packaged with its regular account types. The terminal is available on desktop, web, Android and iOS devices. Tickmill traders can trade a variety of CFD asset classes, including Forex, stock indices, metals, bonds and stocks.
Tickmill has recently announced direct market access to CFD’s based on futures products from the Small Exchange. The brokerage firm said it had to create its own pricing mechanism based directly on the underlying exchange to pull this off successfully as it aims to democratize futures. The new instruments are offered as CFDs and available on the MetaTrader 4 platform.
Tickmill is a group of companies with UK FCA, Cypriot CySEC, SC FSA, South African FSCA and Malaysian LFSA licenses.