Tickmill provides both MT4 and MT5 platforms for real and demo accounts. Both MT4 and MT5 platforms can be used on Windows, Mac, WebTrader, Android, and iOS operating systems. Additionally, Tickmill provides trading with EAs and VPS services. It gives traders the option to choose the trading platform based on their requirements and experience.
MT4 is the perfect platform for those traders who need an easy-to-use and dependable platform for forex and automating their trading process. MT5 is recommended for traders who want more advanced features for trading, like different types of orders, timeframes, advanced charts, and access to a wide range of CFD markets.
Does Tickmill support MT4 and MT5?
Yes, Tickmill offers both MT4 and MT5 on desktop, web, and mobile. Both trading platforms have EA capabilities and are compatible with Tickmill VPS services.
Tickmill MT4 vs MT5 at a glance
| Features | MT4 | MT5 |
|---|---|---|
| Platforms | Desktop, WebTrader, Mobile | Desktop, WebTrader, Mobile |
| Devices | Windows, WebTrader, Mac, Android, iOS | Windows, WebTrader, Mac, Android, iOS |
| Expert Advisors (EAs) | Yes (MQL4) | Yes (MQL5) |
| VPS support | Yes | Yes |
| Pending order types | 4 | 6 |
| Markets available | Forex, indices, bonds, commodities, crypto CFDs | Forex, stocks, indices, commodities, crypto CFDs |
Tickmill MT4 features
Tickmill’s MT4 platform gives traders the essential tools to analyse markets, place and manage trades, and automate trading strategies. It combines customisable charts, flexible order types, Expert Advisor support, and access across supported devices.
MT4
Familiar, forex-focused, EA-ready
✓ Customisable charts with technical indicators and drawing tools.
✓ Expert Advisors (EAs) to automate strategies with MQL4.
✓ Multiple order types: market, limit, and stop, with stop-loss and take-profit.
✓ One-click trading to open or close trades without further confirmation.
✓ Custom indicators and reusable chart templates.
✓ VPS support to run EAs without keeping your computer on.
✓ Multi-device access: Windows, WebTrader, iOS, Mac, Android.
MT5
More orders, markets, and analysis
✓ More order types, including stop-limit orders for flexible entries and exits.
✓ More timeframes for short-term and long-term analysis.
✓ Depth of Market for a clearer view of prices and liquidity.
✓ Broader asset classes: forex, stocks, indices, commodities, crypto.
✓ Advanced charting with more customisation and tools.
✓ Automated trading via Expert Advisors built in MQL5.
Overall, MT4 is a practical choice for traders who want a familiar platform with reliable charting, trade management, and automation tools, while MT5 is a better choice for traders who require more order flexibility, deep market information, and access to more assets.
Tickmill MT4 vs MT5: Key differences
The difference between MT4 and MT5 platforms will depend mostly on personal preferences. While the MT4 platform is perfect for traders who want a simple and familiar interface and trade forex or automated trading, MT5 is perfect for traders who require more trading tools and features.
| Features | MT4 | MT5 |
|---|---|---|
| Markets available | Forex, indices, bonds, commodities, crypto CFDs | Forex, stocks, indices, commodities, crypto CFDs |
| Order execution types | 3 | 4 |
| Technical indicators | 30 | 38 |
| Timeframes | 9 | 21 |
| Analytical objects | 31 | 44 |
| Strategy tester | Single thread | Multi-thread |
| Built-in economic calendar | No | Yes |
| Trading signals and copy trading | Yes | Yes |
| Reports | Tables only | Charts (HTML5) and tables |
| Best for | Forex and simpler trading | Advanced trading and more markets |
Execution speed and order performance
Tickmill reports an average execution speed of 0.15 seconds, which suggests that orders can be processed quickly. However, this does not guarantee that every order will be filled within 0.15 seconds or at the exact price shown when the trade is placed.
A fast speed figure is not a guaranteed fill
0.15s average execution speed reported by Tickmill
Because Tickmill acts as principal, the price displayed to traders is indicative until the order is filled. The final execution can be affected by market volatility, available liquidity, order size, order type, and market conditions. A fast execution speed can help reduce delays, but it does not guarantee a specific fill price, eliminate slippage, or prevent requotes in all market conditions. For a clearer understanding, review Tickmill’s execution policy and its disclosures on slippage and order execution.
First-hand industry insight
From years of working with FCA and CFTC-regulated brokers, I have learned to read fast execution claims carefully. With a platform like MetaTrader, execution speed depends less on the software itself and more on how the broker handles and fills orders. Tickmill acts as a principal, so the price displayed is indicative until the order is filled. Rather than focusing only on a headline execution-speed figure, I recommend checking Tickmill’s execution policy, particularly its information on slippage and requotes, as this provides a more useful view of how orders may perform in real market conditions.
Expert Advisors (EAs) and automated trading
Expert Advisors, or EAs, are programs that allow automation of trading actions according to the rules specified by the user. The program can observe the market, recognise the appropriate conditions, make or manage the trade, and execute the instructions provided previously without the need to do everything manually.
MT4 allows creating EAs through the MQL4 language, while MT5 provides EAs through MQL5. Traders may develop their own EAs, change those already available, or use automated trading systems.
Tickmill also offers VPS support, which can allow compatible EAs to continue running without keeping a personal computer switched on. However, automated trading does not guarantee profitable results. EA performance depends on the program’s rules, market conditions, execution, and other trading factors.
VPS hosting for uninterrupted trading
VPS Hosting is provided by Tickmill through BeeksFX. This is helpful for traders who use Expert Advisors (EAs).
Advanced trading toolkit
Tickmill’s advanced trading toolkit is a free add-on for MT4 and MT5 clients. It brings useful trading, analysis, charting, and risk-management tools directly into the MetaTrader platform.
Key tools in the toolkit
- Advanced charting: Figaro chart includes 100+ indicators, 50+ drawing tools, and different chart types.
- Trade terminal and mini terminal: Control your trades, partially close your position, and manage your orders.
- Tick chart trader: Monitor the change in prices and execute trades in a single click.
- Sentiment trader: View the current long and short positions in the market and compare them to historical trends.
- Risk management tools: Calculate position size, stop loss, take profit, profit, and currency conversions.
- Market data and alerts: Follow market trends and set alerts for significant events in the market.
- Figaro market data: Monitor the strength of currency, market events, scanners, and heat maps.
- Correlation matrix: Compare different instruments and view how correlated positions can impact your total exposure.
Supported devices and platform accessibility
Tickmill provides access to its trading platforms across desktop, web, and mobile devices, making it easier for traders to monitor markets and manage positions from different locations.
| Platform | MT4 | MT5 | TradingView | Tickmill Trader |
|---|---|---|---|---|
| Desktop | Yes | Yes | Yes | No |
| Web | Yes | Yes | Yes | Yes |
| iOS | Yes | Yes | Yes | Yes |
| Android | Yes | Yes | Yes | Yes |
| Mac | Yes | Yes | Yes | No |
Pros and cons of Tickmill MT4 & MT5
The pros and cons of Tickmill MT4 and MT5 are as follows:
PROS
✓ Traders can choose between both MT4 and MT5.
✓ Both platforms support Expert Advisors and automated trading.
✓ VPS hosting is available for automated and latency-sensitive trading.
✓ The advanced trading toolkit adds tools for analysis, charts, trade management, alerts, and risk management.
✓ MT4 and MT5 are available on desktop, web, and mobile.
✓ TradingView is available as an alternative for eligible Raw account traders.
CONS
× MT4 and MT5 look older than some newer trading platforms.
× MT5 can be more difficult for beginners because it has more features.
× Tickmill acts as principal, so displayed prices are indicative until the order is filled.
× VPS and advanced trading toolkit services may have certain conditions or costs.
× Exchange-traded futures are offered separately and are not available through MT4 or MT5.
× Platform features can vary by Tickmill entity and account type, so not every tool or market may be available to every trader.
Who should choose MT4 or MT5?
Choose MT4 if
MT4 is a good choice for traders who like a straightforward and familiar trading platform. MT4 is used extensively for forex trading and has the well-developed MQL4 Expert Advisor environment. Therefore, it is appropriate for traders who make use of automated trading or require a convenient platform to trade.
Choose MT5 if
MT5 is a good choice for traders who are looking for a variety of trading instruments and markets. More order types, extra timeframes, Depth of Market, and access to more CFDs (where available) are just some of the differences. Moreover, MT5 allows for automated trading with MQL5 and provides more advanced analysis tools than MT4.
In general, MT4 is oriented towards providing a more straightforward trading platform with a developed EA environment, while MT5 enhances the platform with new markets, order types, and analytical tools.
Conclusion
Tickmill provides MT4 and MT5, thus allowing traders to select a platform that is appropriate for them. MT4 is designed for a straightforward and convenient trading experience, while MT5 has more order types, timeframes, and advanced trading tools. In addition, both platforms provide EAs, VPS hosting, and trading from desktop, web, and mobile applications.
At TradingCritique, Tickmill receives a TC rating of 8.25/10 (TC Validated) for its overall platform experience. Overall, Tickmill provides flexible MetaTrader options, useful trading tools, and reliable execution features for different types of traders.
Pro Tip
Before choosing MT4 or MT5, open a Tickmill demo account on both platforms and place the same type of trade. This helps you compare the layout, charts, and order flow in a real trading environment. The right platform is the one that feels easier to use for your trading style, not simply the one with more features. Also, check that the indicators and Expert Advisors (EAs) you use are supported before opening a live account.
Frequently Asked Questions
1. Does Tickmill support both MT4 and MT5?
Yes, Tickmill offers both MT4 and MT5 for live and demo trading.
2. Which platform is better on Tickmill, MT4 or MT5?
It depends on the trader’s needs. MT4 is simpler and well-suited to forex and established EA use, while MT5 offers more order types, timeframes, and markets.
3. Can I use Expert Advisors (EAs) on Tickmill?
Yes, both MT4 and MT5 support Expert Advisors for automated trading.
4. Does Tickmill provide VPS hosting?
Yes, Tickmill offers VPS hosting for compatible automated trading setups, but availability, eligibility, and pricing can depend on the current terms.
5. What is Tickmill’s average execution speed?
Tickmill reports an average execution speed of 0.15 seconds. Actual execution can vary with market conditions, liquidity, order size, and type.
6. Is Tickmill MT5 suitable for beginners?
No, MT5 may not be the easiest choice for beginners because it has more features and tools than MT4.
7. Can I trade CFDs on MT5 with Tickmill?
Yes, MT5 provides access to 600+ CFD markets, depending on the Tickmill entity and account type.
8. Can I switch between MT4 and MT5 using the same Tickmill account?
No, MT4 and MT5 use separate trading accounts, so you need the relevant account type for each platform.
9. Does Tickmill allow algorithmic trading?
Yes, Tickmill allows algorithmic trading on both MT4 and MT5 through Expert Advisors (EAs). Traders can also use VPS hosting for compatible automated strategies.
10. Which platform offers more indicators, MT4 or MT5?
MT5 offers more built-in technical indicators than MT4. It also includes more timeframes and analytical tools for market analysis.
