Tickmill is an FCA regulated forex broker that takes great pride in offering a personal approach and transparent forex trading without requotes. This broker has segregated bank accounts for traders’ money, which means none of your profit or deposits is used to operate the brokerage business. This fact shows how Tickmill really put a lot of effort into creating a user-friendly environment with spreads that, as they claim, start at 0.0. This broker offers forex trading, CFDs, cryptocurrencies, precious metals, and bonds trading.
Read the full Tickmill review in the article that follows and find out more about trading with this broker.
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.
Trading Software & Assets
Tickmill is a forex broker that offers trading on two different platform types: MT4 and Webtrader.
Trading with Tickmill on MetaTrader4
MetaTrader4 is probably the most popular and most used forex trading platform in the industry. It offers great customization possibilities and has been around for over 10 years so most traders know what to expect. However, if you are a beginner, you will be surprised that this software requires a download. This can be done by clicking a button on the Tickmill’s website. Once you register and install the software, you will receive login credential. These have to be used every time you want to trade, as it is necessary to log in and log out every time due to security reasons.
Trading with TickMill on Webtrader
Webtrader software is operated directly from the Tickmill’s website. Traders don’t have to install any special programs, and can simply log in directly from the website. Webtrader platform is actually MT4 platform adjusted to trading in your favorite browser, so there is no significant difference when it comes to trading. Keep in mind that the Webtrader platform will open in a new window. Besides customizable price charts, traders can use 9 different chart timeframes and trade with a single click. Keep in mind that Webtrader is considered to be a very safe platform in terms of privacy, but we would like to remind you never to share your login data with anyone.
Tickmill Trading Tools
Tickmill doesn’t stop there. They created an interesting list of tools traders can use to increase their profitability. The additionals tools available to all traders are:
- Autochartist – tool used for technical analysis. It discovers certain patterns in market movements that define key price levels.
- MyFxBook Auto Trade – special trading software for copy and auto trading. It shows you the most popular trades among successful traders.
- Forex calendar – provides you a deeper insight into market changes
- Forex calculators – currency, margin and pip calculator allow you to trade with higher precision.
- Tickmill VPS – virtual private server that allows you to run automated strategies all around the clock, even when you are offline
- One-Click trading – for faster and more convenient trading without additional confirmations
Tickmill has a great variety of methods you can use to contact their customer support. Of course, there is a live chat that is almost instant and most preferred way of communication. Agents are very responsive and provide detailed information on what you need. Traders can also use an email, as well as customer support line.
Tickmill review showed how this broker warns that many questions have already been answered in the FAQ section, so it is always a good idea to check them out before wasting time on waiting on the phone. Of course, you can always request a callback as well.
The website is available in English, Indonesian, Chinese, Russian, Spanish, Hindu, Polish, German, Italian, Korean and Vietnamese.
Banking & Company Information
When it comes to depositing and withdrawing, it is important to know your limit. Tickmill minimum deposit is $25, while minimum withdrawal is $10. Keep in mind that if you decide to deposit and withdraw in a different currency, such as PLN, CNY, IDR the limits may be a bit different.
When it comes to depositing methods, they are all neatly listed in a table on a special page. Tickmill banking methods are:
- Bank transfer
When it comes to withdrawing there are several rules traders must follow. All withdrawals are processed to the same account via the same method that was used for depositing. Also, in case the withdrawal exceeds the amount deposited via credit card, the entire amount that exceeds the deposited amount will be transferred via an alternative method of your choice. Tickmill charges no commissions for depositing or withdrawing which is always great news. They require account and identity verification prior to withdrawal. This can be done by sending the necessary documents listed on the website. This is a part of international KYC policy that prevents money laundering. The time required to process the withdrawal is usually 1 day, but it may take longer in case of international clients.