Tickmill Trading Account – Review, Types, Process, Benefits, Charges & more
Find out all details about the Tickmill Trading Account here.
A popular and low-cost broker of Forex and CFDs, Tickmill received group awards in 2021.
Tickmill Trading Account works through the famous MetaTrader 4 system that applies to several of its trading platforms.
They are a web platform and trader platform for desktops along with mobile apps that cater to Android and iOS phones.
Get in sync with over 80 trading instruments via Tickmill Online Trading and choose the trading platform according to need.
Office workstations find the exquisite technical facilities of MT4 very convenient.
During business tours, you need the smartphone and the mobile app to keep in touch with live markets 24/7 and not miss a single chance.
Tickmill Trading Account and Benefits
Tickmill Trading Account brings you the lowest spreads and commissions in the industry! Why pay double the fees elsewhere?
The higher the rate, the lesser the income for traders. As specialists in Forex trading in one of the biggest global markets, take the opportunity if Forex is your forte.
Enjoy very high liquidity and intensely fast executions during trades. Even in high-volume trading, there is never an obstacle.
Among the 3 types of trading accounts offered, the Pro account brings absolutely reasonable fees by any standard.
- Use any strategy
- Automated trading is feasible
- Very low trading fees
- Slippage never
- High liquidity
- Lightning executions
Fill up the Form – Open Forex Trading Account Now!
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Tickmill Trading Account Charges
|Trading Account Charges|
|Account Type||PRO ACCOUNT||CLASSIC ACCOUNT||VIP ACCOUNT|
|Initial Deposit||100 USD||100 USD||50,000 USD|
|Spread||From 0 pips||From 1.6 pips||*From 0 pips|
|Commission||2 per side, per 100,000||Zero||1 per side, per 100,000|
|Leverage||30;1 (Retail) 300;1 (Professional)||30;1 (Retail) 300;1 (Professional)||30;1 (Retail) 300;1 (Professional)|
Tickmill Trading Account imposes differing charges in the diverse account types.
The cheapest charges are found in the Pro account but it will be better understood by comparing side by side with the Classic account. How is the calculation made?
Pro account trading charges
The trading fee of $2 has to be paid when opening and closing the position. In other words, finishing a 1 lot trade will require a $4 overall payment.
Classic account trading charges
For EURUSD, the variable spread is 1.2 pips. For trading 1 lot of EURUSD, the pip value by the 1.089 price works out to $10 now.
The trading fee works out to $12 (1.2pips X $10). The overall fee stands at $24 for 1 lot finished trade.
Types of Tickmill Trading Account
|Types of Trading Account|
|Trading Desk Type||No dealing desk|
|Suitable for beginners||Yes|
|Suitable for professionals||Yes|
|Suitable for scalping||Yes|
|Suitable for daily trading||Yes|
|Suitable for Weekly trading||Yes|
|Suitable for swing trading||Yes|
Traders who opt for Tickmill Online Trading and wish to open a Tickmill Trading Account need to make a choice of account type.
The demo account serves the purpose of training traders and gives them a taste of live trading in a safe environment.
There is no danger of losing money in the free demo account though it is a live market. Trading accounts with the risks of losing real money are of 3 types.
In terms of fees and commissions, the Pro account is the cheapest. Traders need to pay an initial deposit of $100. Spread commences from 0 pips.
Commission amounts to 2 per side, per 100,000. Leverage for retail traders is 30:1. The leverage for professional traders is 300:1.
Traders pay an initial deposit of $100. Spreads commence from 1.6 pips.
The commission is zero. Leverage for retail traders is 30:1. The leverage for professional traders is 300:1.
The initial deposit required is $50,000. Spreads commence from 0 pips.
Commission charges are 1 per side, per 100,000. Leverage for retail traders is 30:1. The leverage for professional traders is 300:1.
Tickmill Account Opening and Trading Process
When you opt to open an account on the company website, a form appears that requires the filing of personal details.
- Enter the First name and Last Name in separate spaces.
- Enter a valid email address.
- Choose the country of residence and enter a phone number.
- Next, choose the trading platform, MT4 or MT5.
- Is it a professional or institutional account?
- Choose the account type, selecting one from the 3 types (Pro, Classic, and VIP)
- What will be the account currency? Tickmill offers 4 base currencies.
- Choose the leverage level.
Generally, traders commence with the free demo account to get a feel of the trading platform.
After getting adjusted to the system and wishing to progress further, it is time to open a live trading account.
According to the choice of account type, the initial deposit will have to be made, $100 or $50,000.
For security purposes, verification of identity and residence is carried out through valid government-issued documents in color soft copy.
A passport or driving license is often submitted but other government documents are also accepted.
The identity scanned copy should show the applicant and name clearly.
The residence document that could be a bank statement should show the name and address clearly.
After the completion of verification, it is time to start live trading.
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Tickmill Trading Account – Features
|Social Trading / Copy Trading||Yes|
|Guaranteed Stop Loss||No|
|Guaranteed Limit Orders||Yes|
|Guaranteed Fills / Liquidity||Yes|
|Trading From Chart||Yes|
|Interest On Margin||No|
|Other Trading Features||No|
Tickmill Online Trading exposes clients to powerful features that become positive handy tools to succeed. According to the different jurisdictions like Malaysia, Europe, and Seychelles, the criteria may differ.
USD, EUR, and GBP are the available base currencies and NDD is the Execution model.
With the market execution type, the average execution speed is only 0.20 seconds. Margin Call and Stop-out are 100% and 30% respectively.
What are the services available?
Why not make use of automated trading, API trading, and VPS services? Use charts for trading. One-click trading offers to hedge and offers promotions are some facilities.
Expert advisors and customer care do provide dedicated support, manually and otherwise.
Super research, advisory and educational services attract many potential traders.
Get trading signals and avail of social trading/copy trading to improve chances of success.
Email alerts are available. Among the useful features are guaranteed limit orders and guaranteed fills/liquidity. Trailing SP/TP orders are possible.
Essentially buying and selling, Tickmill Trading Account has some options.
The traditional approach suits many people without excessive dependence on technology.
Traders need time and dedication to develop a plan. It can be challenging and fun but consider the money risks.
Investing in a trading robot helps to cope with difficult market conditions.
Following an accomplished trader is a good idea if you are convinced that it will be a great help.
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Tickmill Trading Account – Conclusion
Trade on some of the most popular assets. Start with Forex that brings 62 currency pairs that include majors along with minors and exotics.
Use research and technology to predict the rise and fall of gold and silver prices against the American dollar.
Bonds and government treasures keep traders busy with the inverse relationship between interest rates and bond prices.
The future belongs to crypto and Bitcoin along with Ethereum and Litecoin are some wonder digital currencies that can make pretty fortunes.
When traders invest in international stock indices and oil, they get good deals. Clients have no commissions to pay, no requotes, and no hidden markups.
Tickmill Online Trading – FAQs
Here is the list of FAQs related to the Tickmill trading account:
Does Tickmill provide Online Trading?
Yes. Online trading in over 80 popular instruments takes place via several desktop and mobile platforms.
They work via MetaTrader 4 software. Fees for services, spreads, swaps, and commissions are low.
Tickmill is considered the cheapest broker. Deposits and withdrawals are not charged. A free demo account helps learn the basics, gain confidence and develop trading strategies.
What are the Commission Charges in Tickmill?
Commissions differ according to the 3 trading account types.
- The Pro trading account has a spread from 0 pips. The commission is 2 per side, per 100,000.
- The Classic account has spread starting from 1.6 pips but has zero commission.
- The VIP account has spread from 0 pips. The commission is 1 per side, per 100,000.
Does Tickmill provide Demo account Trading?
Yes. The free demo account without money risks develops an understanding of the trading system.
It provides practical training to get adjusted to the world of trading and know the MT4 system.
After ample time and effort are spent in researching trading side by side with the demo practice, traders are ready to go for live trading and face money risks.
Is trading Free at Tickmill?
Some services like the demo account are free and require no payment.
Cash deposits and withdrawals are not charged. When traders open an account and opt for one of the 3 live trading account types, they have to pay an initial deposit.
According to the account type, they pay for trading commissions, spreads, and swaps.
Does Tickmill provide Spot Metals Trading?
Yes. Precious metals like gold and silver are traded at Tickmill.
Gold is a safe haven and everybody wants to invest in gold because the prices are steady and uniform. In comparison, industrial silver has price fluctuations according to market conditions.
Spreads commence from 0.0 with leverage of up to 1:500. Buying and selling do not mean physical metal.
What are Spot Metals Trading Charges at Tickmill?
Trading charges and spreads, swaps, and commissions differ according to the 3 different account types. Trading charges and fees for services are very low at Tickmill.
Various factors impact metal prices like supply and demand. Inflation and USD prices, interest rates, and government policy are additional factors.
Gold and silver are traded 24 hours a day, 5 days a week.
Does Tickmill provide Stock Trading?
Yes. Tickmill is a low-cost Forex and CFD broker. Traders access stock indices and oil too without commissions, no requotes, and no hidden markups.
A stock index is a group of stocks bought and sold as a single trading instrument.
Indices here have low spreads with access to over 14 indices. Leverage is up to 1:100 and all trading strategies are possible.
What is Spread at Tickmill?
Spreads, swaps, and commissions decide how much charges traders have to pay for trades.
There is no fixed spread but it differs according to the trading account type.
- In the Pro account, the spread starts from 0 pips.
- In the Classic account, the spread starts from 1.6 pips.
- Next, in the VIP account, the spread starts from 0 pips.
Is Tickmill safe for trading?
Yes. With 5 regulatory bodies in LONDON, CYPRUS, SEYCHELLES, MALAYSIA, and SOUTH AFRICA, there remains no doubt of security.
Funds and personal data are quite safe with a company that enjoys a fair reputation and has been awarded in 2021 too.
Further, the company has one tier-1 jurisdiction and 2 tier-2 jurisdictions, resulting in an average risk ranking.
Does Tickmill provide Trading Tips?
Since trading is essentially risky in financial terms, intense research and awareness would mitigate some of the dangers.
The company provides a range of educational materials, ebooks, video lessons, and customer support.
Starting with ample time spent on the free demo account is a wise step rather than rushing through the system.
Fill up the Form – Open Forex Trading Account Now!
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