Tickmill offers three traditional account types, plus some additional accounts that traders can use during their trading with this broker.
Three traditional trading accounts are
There are also Islamic account offered as well as a demo account that traders can use for practice.
This Tickmill account is described as perfect for beginners. Minimum deposit for this account is only $25. With this account spreads start at 1.6 pips, and minimum lot at 0.01. Leverage is 1:500, as with other accounts. The margin call is 100% and stop out is 30%. Traders with the Classic account aren’t paying any commissions.
Tickmill Pro account also requires a minimum deposit in the amount of $25. Spreads start at 0.0 and commission is 2 per side per $100,000 traded. Traders can choose among 84 different assets. This account was created with more experienced traders in mind that want to experience a certain level of advantage.
Traders are eligible for Tickmill VIP account once their account balance reaches $50,000. The commission, in this case, is 1.6 per side per 100,000 traded. Tickmill explains how this account is for more advanced traders who appreciate the personalized approach.
Tickmill Demo Account
Tickmill also offers a demo account that traders can use to practice their trading skills and develop their own personal trading style. Also, they can learn how to use the trading platform in a proper way. Demo account offers real-time prices and volatility, as well as 78 assets traders can use for virtual trading.
When traders are filling out the registration form for a demo account they can choose how much virtual money they want. The amount ranges from 3,000 to 5,000,000 units. They can also choose the account type, and leverage they want to use during the process of demo trading. Then, the broker will send you your login data and instructions how to proceed. You will have to download the trading software and use the provided credentials to start demo trading.
Islamic account is actually a special status that can be received with any account type. Traders of Muslim faith can ask for a special status that can be activated upon request. Islamic account on their website is also described as a swap free account and account without an overnight rollover interest.
Traders should also follow different Tickmill promotions as they can help get you start trading in a more advanced way, with more tools and features. But these last for a limited time only.