Tickmill – Account Types

Tickmill – Account Types

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Tickmill - Account Types

 

Overall Rating

Min Deposit

USD 100 

Regulators

CySEC, FCA, FSA, FSCA, Labuan FSA

Trading Desk

MT4, MT5

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Our Tickmill Account Types Revealed:

 

Tickmill Overview

Established in 2015, Tickmill is a well-regulated and award-winning ECN and STP broker that has more than 350,000 registered accounts and more than 150,000 active traders, with over 385 million trades that have been executed in the past six years.

 

Tickmill offers traders access to global financial markets by providing more than 80 tradable financial instruments that are spread across several asset classes. Tickmill was established by a professional team of traders who saw an inherent need in the market for comprehensive trading solutions, allowing both retail and institutional traders to reach their full potential.

 

Tickmill’s development team is focused on continued growth and expansion of the brokerage while simultaneously ensuring that its current clients’ unique trading needs, and objectives are met. Tickmill uses some of the best trading technology available and combines this with premium trading conditions.

 

Tickmill ensures that there are no requotes and the fully-automated No-Dealing Desk (NDD) execution model ensures that there is full transparency. Tickmill uses liquidity which is provided by only the best and top-rated liquidity providers including several banks and hedge funds.

 

Traders are given access to powerful and flexible trading platforms including MetaTrader 4 and MetaTrader 5 which are both available across several devices. In addition to the competitive trading conditions that are offered, traders can also expect access to different client tools and promotions.

 

Tickmill Account Types

Tickmill offers traders a choice between three versatile trading account types. Each of these accounts has unique and tailor-made trading conditions that serve to meet the trading objectives, needs, and styles of different traders.

 

In addition, Tickmill also offers traders the option of registering a demo account that can be used by beginner and experienced traders for a variety of purposes. There is also an Islamic account option that is offered, catering to the needs of Muslim traders who follow Sharia law and who are prohibited from paying and receiving interest on trades, amongst several other requirements.

 

Tickmill Account Features

Classic Account

The classic account is an entry-level account that is suitable to both beginners and more experienced traders who want optimal trading conditions, in addition to several other benefits. The classic account is the perfect gateway for traders who want to start trading.

 

Traders who use the Classic account can expect the following:

  • A minimum deposit requirement of 100 units in EUR, USD, and GBP
  • Spreads that start from 1.6 pips EUR/USD
  • Maximum leverage up to a maximum of 1:500
  • Micro-lot trading from 0.01 lots
  • Commission-free trading
  • The ability to use any trading styles or strategies
  • The ability to convert this account to an Islamic Account
  • Access to 62 forex CFDs in addition to oil, precious metals, bonds, and cryptocurrencies

 

Pro Account

The Pro Account is intended for more experienced traders who want to take advantage of tight spreads as well as competitive commissions that are charged on trades. Traders can expect the following specifications on this account type:

  • A minimum deposit requirement of 100 units in EUR, USD, and GBP
  • Spreads that start from 0.0 pips EUR/USD
  • Maximum leverage up to a maximum of 1:500
  • Micro-lot trading from 0.01 lots
  • Commission charges of 2 units in the base currency per side, per 100,000 traded on forex
  • Commission-free trading on Stock Indices CFDs, Cryptocurrencies, oil, and bonds
  • The ability to use any trading styles or strategies
  • The ability to convert this account to an Islamic Account
  • Access to 62 forex CFDs in addition to oil, precious metals, bonds, and cryptocurrencies

 

VIP Account

The Tickmill VIP account is reserved for high frequency and volume traders who want the best possible trading conditions available. The specifications on this account type are as follows:

  • A minimum deposit requirement of 50,000 units in EUR, USD, and GBP
  • Spreads that start from 0.0 pips EUR/USD
  • Maximum leverage up to a maximum of 1:500
  • Micro-lot trading from 0.01 lots
  • Commission charges of 1 unit in the base currency per side, per 100,000 traded on forex
  • Commission-free trading on Stock Indices CFDs, Cryptocurrencies, oil, and bonds
  • The ability to use any trading styles or strategies
  • The ability to convert this account to an Islamic Account
  • Access to 62 forex CFDs in addition to oil, precious metals, bonds, and cryptocurrencies

 

Tickmill Demo Account

The demo account that is offered by Tickmill offers traders real market conditions in real-time with access to trading tools, strategies, and a variety of other features in a risk-free environment. The demo account offers traders full access to all features on the live trading accounts with access to MetaTrader 4 and 5 through which trades can be executed.

 

Traders have access to the full suite of 80+ trading instruments across all asset classes. The demo account is designed to be used by beginner traders as a practice account where they can build their trading experience and skills without risking capital.

 

The demo account can be a useful tool for more experienced traders who want to develop and test their trading strategies in a risk-free environment using virtual funds.

 

Tickmill Islamic Account

The purpose of an Islamic Account is that it caters specifically for Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.

 

Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.

 

Tickmill offers Muslim traders the option of converting any of the live trading accounts into that of an Islamic Account, exempting them from earning/paying interest. The features on the Islamic account will depend on the live trading account and the Islamic account will reflect these specifications.

 

Traders must note that when positions are held for longer than three consecutive trading days, their Islamic account will incur daily administration charges on certain financial instruments, ranging from between $5 up to $50, which is charged per day until the position is closed.

 

Tickmill Pros and Cons

PROS CONS
A multi-regulated broker that has a good reputation US clients are not accepted
Negative balance protection is added to retail accounts Fixed spreads are not offered
Client funds are kept in segregated accounts with top tier banks Educational material is extremely limited
Commission-free trading is offered
Traders are granted access to VPS and FIX API
MetaTrader 4 and 5 offered
Tickmill is a member of the FSCS and ICF

TICKMILL AT A GLANCE

Broker's Name Tickmill
Headquartered London, Cyprus, South Africa, Seychelles, Malaysia
Year Founded 2015
Regulating Authorities FCA, CySEC, FSCA, FSA Seychelles and Malaysia with several registrations through FCA, BaFin, CONSOB, ACPR, CNMV
Countries not accepted for trade United States
Islamic Account (Swap Free) Yes
Demo Account Yes
Institutional Accounts No
Managed Accounts Yes
Maximum Leverage 1:500
Minimum Deposit $100
Deposit Options
  • Bank Transfer
  • Credit Card
  • Debit Card
  • Skrill
  • Neteller
  • Sticpay
  • Fasapay
  • UnionPay
  • Nganluong.vn
  • Qiwi
  • WebMoney
Withdrawal Options
  • Bank Transfer
  • Credit Card
  • Debit Card
  • Skrill
  • Neteller
  • Sticpay
  • Fasapay
  • UnionPay
  • Nganluong.vn
  • Qiwi
  • WebMoney
Platform Types
  • MetaTrader 4
  • MetaTrader 5
OS Compatibility iOS, Android, web browsers, Windows, Linux, macOS
Tradable Assets
  • Cryptocurrencies
  • Forex
  • Precious metals
  • Bonds
  • Stock Indices
  • Oil
Languages supported on Website English, Indonesian, Russian, Thai, Italian, Vietnamese, Portuguese, Malayan, Polish, Chinese, Spanish, German, Korean, and Arabic
Customer Support Languages Multilingual
Customer Service Hours 24/5

 

You might also like: Tickmill Minimum Deposit

You might also like: Tickmill Islamic Account

You might also like: Tickmill Demo Account

You might also like: Tickmill Fees and Spreads

You might also like: Tickmill Sign up Bonus

 

Overall Rating

Min Deposit

USD 100 

Regulators

CySEC, FCA, FSA, FSCA, Labuan FSA

Trading Desk

MT4, MT5

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

FAQ

TRADING ENVIRONMENT

How many instruments can I trade with Tickmill?

You can trade any of the following instruments:

  • Cryptocurrencies
  • Forex
  • Precious metals
  • Bonds
  • Stock Indices
  • Oil

 

Which platforms are supported by Tickmill?

Tickmill supports the use of the following trading software:

  • MetaTrader 4
  • MetaTrader 5

 

Does Tickmill offer leverage?

Yes, Tickmill offers leverage up to a maximum of 1:500.

 

What spreads can I expect with Tickmill?

You can expect spreads from 0.0 pips on the Pro and the VIP account types.

 

Does Tickmill charge commission?

Yes, Tickmill charges commissions from 1 unit in the base account currency on forex.

 

Are there additional charges on the Islamic account?

Yes, there are additional charges when traders keep their positions open for longer than three consecutive days.

 

Is Tickmill regulated and by whom?

Yes, Tickmill is regulated by FCA, CySEC, FSCA, FSA Seychelles and Malaysia with several registrations through FCA, BaFin, CONSOB, ACPR, CNMV.

 

Is Tickmill a recommended forex trading broker for experts and beginners?

Yes, Tickmill is recommended for both experts as well as beginners.

 

What is the overall rating out of 10 for Tickmill?

9/10.

 

ACCOUNTS

What is the difference between a demo and a live trading account?

A demo account is a practice account that can be used by both beginner and professional traders. Beginners can use a demo account to practice their trading while more advanced traders can use it to test their trading strategies.

 

Alternatively, traders can also use a demo account to explore what a broker has to offer. Demo accounts are known for the risk-free environment that they offer along with the virtual funds which are used to trade.

 

Does Tickmill offer a demo account?

Yes, Tickmill offers a demo account.

 

How long is the demo account valid?

The demo account is available for an unlimited time. However, if the demo account is inactive and no login attempts are made within seven days, the demo account will expire, and traders must register a new account to gain access again.

 

Which live trading accounts does Tickmill offer?

Tickmill offers the following live accounts:

  • Classic Account
  • Pro Account
  • VIP Account

 

Does Tickmill offer an Islamic Account?

Yes, Tickmill offers the option for an Islamic Account on all live trading accounts.

 

What are the available deposit currencies for a live trading account?

  • USD
  • EUR
  • GBP
  • PLN

 

DEPOSITS AND WITHDRAWALS

What is the minimum deposit required to open an account with Tickmill?

$100.

 

How do you make a deposit and withdraw money with Tickmill?

You can use any of the following payment methods:

  • Bank Transfer
  • Credit Card
  • Debit Card
  • Skrill
  • Neteller
  • Sticpay
  • Fasapay
  • UnionPay
  • Nganluong.vn
  • Qiwi
  • WebMoney

 

Does Tickmill charge withdrawal fees?

No, Tickmill does not charge any withdrawal fees.

 

How long does it take to make a withdrawal?

According to the official Tickmill website, withdrawals from the trading account will be completed within one working day.