Tickmill account types

Tickmill is the trading name of tickmill group of companies. Once your documents are approved, create a live trading account.

Free forex bonuses

PRO ACCOUNT

Designed for experienced traders who expect advanced features and optimal conditions.

Why choose our PRO account?

PRO ACCOUNT

Take advantage of tight spreads and competitive commissions.

Minimum deposit	100
available base currencies	USD, EUR, GBP
spreads from	0.0 pips
max leverage	1:500
min lots	0.01
commissions	2 per side per 100,000 traded
all strategies allowed
swap-free islamic account option

Trade cfds on 62 currency pairs, major stock indices, oil, precious metals and bonds on your pro account, with fluctuating spreads starting from 0.0 pips.

You will pay commission of only 2 currency units per side per lot (0.0020% notional) on your pro account in the base currency of the trading instrument.Our standard commission is one of the lowest in the world.

Example: if you trade 1 lot of EURUSD, which has a contract size of 100,000 EUR, then your commission per side would be 2 EUR and 4 EUR round turn.

Though many brokers do not allow placing stop and limit orders close to market prices, we allow you to do just that. So stop and limit levels for pro account users are zero.

*no commission on cfds on stock indices, oil and bonds.

Benefit from EXCEPTIONAL trading conditions

available base currencies

execution model

execution type

average execution speed

margin call / stop-out

Benefit From Exceptional Trading Conditions

Access some of the most
POPULAR INSTRUMENTS
of the market

FOREX

STOCK INDICES & OIL

METALS

BONDS

START TRADING with tickmill

It's simple and fast to join!

REGISTER

Complete registration, log in to your client area and upload the required documents.

CREATE AN ACCOUNT

Once your documents are approved, create a live trading account.

MAKE A DEPOSIT

Select a payment method, fund your trading account and start trading.

TRADING INSTRUMENTS

TRADING CONDITIONS

Forex & cfds

TRADING ACCOUNTS

PLATFORMS

EDUCATION

TOOLS

PARTNERSHIPS

PROMOTIONS

ABOUT US

SUPPORT

Tickmill is the trading name of tickmill group of companies.

Tickmill.Com is owned and operated within the tickmill group of companies. Tickmill group consists of tickmill UK ltd, regulated by the financial conduct authority (registered office: 3rd floor, 27 - 32 old jewry, london EC2R 8DQ, england), tickmill europe ltd, regulated by the cyprus securities and exchange commission (registered office: kedron 9, mesa geitonia, 4004 limassol, cyprus), tickmill south africa (pty) ltd, FSP 49464, regulated by the financial sector conduct authority (FSCA) (registered office: the colosseum, 1st floor, century way, office 10, century city, 7441, cape town), tickmill ltd, address: 3, F28-F29 eden plaza, eden island, mahe, seychelles regulated by the financial services authority of seychelles and its 100% owned subsidiary procard global ltd, UK registration number 09369927 (registered office: 3rd floor, 27 - 32 old jewry, london EC2R 8DQ, england), tickmill asia ltd - regulated by the financial services authority of labuan malaysia (license number: MB/18/0028 and registered office: unit B, lot 49, 1st floor, block F, lazenda warehouse 3, jalan ranca-ranca, 87000 F.T. Labuan, malaysia).

Clients must be at least 18 years old to use the services of tickmill.

High risk warning: trading contracts for difference (cfds) on margin carries a high level of risk and may not be suitable for all investors. Before deciding to trade contracts for difference (cfds), you should carefully consider your trading objectives, level of experience and risk appetite. It is possible for you to sustain losses that exceed your invested capital and therefore you should not deposit money that you cannot afford to lose. Please ensure you fully understand the risks and take appropriate care to manage your risk.

The site contains links to websites controlled or offered by third parties. Tickmill has not reviewed and hereby disclaims responsibility for any information or materials posted at any of the sites linked to this site. By creating a link to a third party website, tickmill does not endorse or recommend any products or services offered on that website. The information contained on this site is intended for information purposes only. Therefore, it should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorised or to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as recommendation to buy, sell or otherwise deal with any particular currency or precious metal trade. If you are not sure about your local currency and spot metals trading regulations, then you should leave this site immediately.

You are strongly advised to obtain independent financial, legal and tax advice before proceeding with any currency or spot metals trade. Nothing in this site should be read or construed as constituting advice on the part of tickmill or any of its affiliates, directors, officers or employees.

The services of tickmill and the information on this site are not directed at citizens/residents of the united states, and are not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Review of tickmill

Tickmill review

In our tickmill review, we cover tickmill bonus, mt4, ttickmill forex, deposit & withdrawal, and tickmill account types. Compare it to other forex brokers before deciding if tickmill has the features you are looking for in a forex broker and give your rating after reading the full reviews. Tickmill broker is a well-known and popular online broker in the currency and CFD markets, which offers competitive differentials in a wide range of assets in global markets. Tickmill was founded in 2007. Tickmill, located in sydney, australia, owns and operates it.

Tickmill bonus offers a cost-effective online trading solution suitable for almost any type of trader when factored with all their great features.

The company's headquarters are located at 6 309 kent street, sydney, NSW 2000. This is mainly because IC markets is trying to close the gap between traders and large institutional investors. Our tickmill review shows they offer investment solutions that were once provided only by investment banks.

They also offer the highest leverage available in australia, low margins and rates, an excellent education center, and much more.

Tickmill MT4

Our tickmill review revealed the following details in terms of platforms you can use. They offer you the globally recognized and accepted MT4 platforms that are available in windows, mac, and webtrader. The features you will get with a platform like this one includes access to:

Cfds on indices, forex, commodities, and bonds.

You can execute orders with no partial fills and have more liquidity depth

EA trading facilities are available using the VPS service

Advanced technical analysis is available with 50+ indicators and customizable charts in 39 languages.

There is not a lot that is left to be desired when they have the MT4 platform available for you to use. The MT4 mobile app provides as a tickmill bonus feature will give you access to the following things:

A view of the real-time quotes

Access to asset classes

Technical trading indicators

Trading directly from the chart

You will also have access to autochartist, a plugin for mt4 on windows only that detects key chart patterns and price analysis patterns and other offers.

Tickmill demo

Just like all reputable brokers, our tickmill review shows the broker has provisions for new traders. When you are new in the market, you will need to acclimate to the latest technology that you use when trading.

The demo account tickmill broker providers are what will show you what is available and what you can do with it as a trader. There is a lot to learn, and you will need to know all the details before you get started with live trading.

Ticmill broker

As a broker, our tickmill review shows that they are well-regulated, have no scandals, or other issues, and will serve you well. Any of the payments you make to tickmill accounts are held in a segregated bank account.

To add more security to this as a tickmill bonus feature, they use tier-1 banks. As you may have gathered, the tier-1 banks are on the official measure of a bank’s financial health and strength. This will ensure that the tickmill bonus feature works as a measure to safeguard your money.

Using tickmill forex, you can trade over 60+ currency pairs. At the moment, there are no tickmill bonus offers or promotions because the EU regulations and other regulators forbid them. However, a tickmill bonus you can get is a trader of the month promo, a $30 welcome bonus, and a few other things.

Tickmill account types

Three core accounts are offered, as shown in our tickmill review. They include a pro account, a classic account, and a VIP account. They all have different minimum balances, maximum leverage, and spreads/commissions.

It all depends on which regulator you opened your account. The details are available here: https://www.Tickmill.Com/trading/accounts-overview.

Tickmill customer service

One of the things in which tickmill stands out is at the level of customer service. Because tickmill is an international online broker, we provide our clients with multilingual assistance 24 hours a day, five days a week.

Tickmill is a secure system that protects your data via encryption. Also, they have many years of experience in the online trade industry. They offer competitive services and provide a wide range of sophisticated commercial platforms.

You can open an account at tickmill by completing the application form via the tickmill website, providing personal details, and topping up a minimum of USD 200 mind.

Tickmill details overview

Tickmill account types

Estimated time to complete your registration is 3 minutes
please complete the following form using latin letters only

© 2015-2021 tickmill ™
website terms & conditions | terms of business | risk disclosure
tickmill.Com is owned and operated within the tickmill group of companies. Tickmill group consists of tickmill UK ltd, regulated by the financial conduct authority (registered office: 3rd floor, 27 - 32 old jewry, london, england, EC2R 8DQ, united kingdom), tickmill europe ltd, regulated by the cyprus securities and exchange commission (registered office: kedron 9, mesa geitonia, 4004 limassol, cyprus),tickmill south africa (PTY) LTD, FSP 49464, regulated by financial sector conduct authority (FSCA) (registered office: the colosseum, 1st floor, century way, office 10, century city, 7441, cape town), tickmill ltd, regulated by the financial services authority of seychelles and its 100% owned subsidiary procard global ltd, UK registration number 09369927 (registered office: 3rd floor, 27 - 32 old jewry, london, england, EC2R 8DQ, united kingdom), tickmill asia ltd - regulated by the financial services authority of labuan malaysia (license number: MB/18/0028 and registered office: unit B, lot 49, 1st floor, block F, lazenda warehouse 3, jalan ranca-ranca, 87000 F.T. Labuan, malaysia).

Risk warning: all financial products traded on margin carry a high degree of risk to your capital. They are not suited to all investors and you can lose more than your initial deposit. Please ensure that you fully understand the risks involved, and seek independent advice if necessary. See our risk disclosure .
The information on this site is not directed at residents of the united states and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Important notice

You are about to leave tickmill europe ltd client area registration page. By clicking “continue” you will be redirected to the registration page of tickmill UK ltd, a company registered in the UK and regulated by the financial conduct authority of the united kingdom.

You are about to leave tickmill europe ltd client area registration page. By clicking “continue” you will be redirected to the registration page of tickmill ltd, a company registered in the seychelles and regulated by the financial services authority of seychelles.

Tickmill review 2021

All reviews and top lists updated for 2021. Check out the annual brokerchooser awards.

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Summary

Recommended for forex traders looking for low fees and prefer metatrader 4 platform

Tickmill is a global forex and CFD broker, established in 2014. The company is regulated by several financial authorities globally, including the top-tier financial conduct authority (FCA) in the united kingdom.

Tickmill is considered safe because it is regulated by the top-tier FCA.

Disclaimer: cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Tickmill pros and cons

Tickmill has low forex and non-trading fees. The account opening is fast, easy, and fully digital. You can use a lot of options for deposit or withdrawal, and they're free of charge.

On the negative side, tickmill has a limited product portfolio as it offers only forex and cfds. Popular asset classes, such as stocks and etfs are missing. Trading platforms are provided by metatrader, and they have outdated designs. Finally, the news feed is basic and not structured.

Pros	cons
• low forex fees	• only forex and cfds
• fast and easy account opening	• trading platforms with outdated design
• free deposit and withdrawal	• basic news feeds

tickmill main features and highlights

��️ country of regulation	UK, cyprus, seychelles, south africa, malaysia
�� trading fees class	low
�� inactivity fee charged	no
�� withdrawal fee amount	$0
�� minimum deposit	$100
�� time to open an account	1 day
�� deposit with bank card	available
�� depositing with electronic wallet	available
�� number of base currencies supported	4
�� demo account provided	yes
��️ products offered	forex, CFD

Author of this review

Ádám nasli

Everything you find on brokerchooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

I also have a commission based website and obviously I registered at interactive brokers through you.

Especially the easy to understand fees table was great!

Tickmill review
fees

pros	cons
• low forex fees	• average CFD fees
• no withdrawal fee
• no inactivity fee

tickmill fees snapshot

assets	fee level	fee terms
EURUSD	low	pro account pricing: €2 commission per trade per lot plus spread cost. 0.1 pips is the average spread cost during peak trading hours.
GBPUSD	low	pro account pricing: £2 commission per trade per lot plus spread cost. 0.3 pips is the average spread cost during peak trading hours.
S&P 500 CFD	low	the fees are built into the spread, 0.4 points is the average spread cost during peak trading hours.
Inactivity fee	low	no inactivity fee

How we ranked fees

We ranked tickmill's fee levels as low, average or high based on how they compare to those of all reviewed brokers.

To get things rolling, let's go over some lingo related to broker fees. What you need to keep an eye on are trading fees, and non-trading fees.

Trading fees occur when you trade. These can be commissions, spreads, financing rates and conversion fees.

Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.

Below you will find the most relevant fees of tickmill for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates.

We also compared tickmill's fees with those of two similar brokers we selected, axitrader and FXCM. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of tickmill alternatives.

To have a clear overview of tickmill, let's start with the trading fees.

Tickmill trading fees

Tickmill's trading fees are low. There are different cost structures for different account types. We tested the pro account, which charges a commission but offers tight spreads.

We know it's hard to compare trading fees for forex brokers. So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products.

We have chosen popular instruments in each asset class usually provided by the forex brokers:

Forex: EURUSD, GBPUSD, AUDUSD, EURCHF and EURGBP

Stock index cfds: SPX and EUSTX50

A typical trade means buying a leveraged product, holding it for one week and then selling. For the volume, we chose a $20,000 position for forex and a $2,000 position for stock index and stock CFD transactions. The leverage we used was:

30:1 for forex

20:1 for stock index cfds

These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. Let's see the verdict for tickmill fees.

Forex fees

Tickmill has low forex fees. The forex fees are one of the lowest among the brokers we have reviewed.

Tickmill forex benchmark fees of a $20,000 30:1 long position held for one week

tickmill	axitrader	FXCM
EURUSD benchmark fee	$6.8	$5.1	$12.5
GBPUSD benchmark fee	$5.0	$4.3	$5.6
AUDUSD benchmark fee	$5.0	$3.4	$8.8
EURCHF benchmark fee	$4.7	$2.9	$3.3
EURGBP benchmark fee	$7.8	$5.2	$16.4

The low forex fees are mainly due to the low commission tickmill charges. The commission is 2 base currency units (first currency pair) per lot per trade. For example, it's €2 per lot per trade for EURUSD, while £2 per lot per trade for GBPUSD.

CFD fees

CFD fees are average.

Tickmill CFD fees for a $2,000 long position held for one week

tickmill	axitrader	FXCM
S&P 500 index CFD fee	$1.5	$1.3	$1.5
europe 50 index CFD fee	$1.2	$2.3	$1.6

Non-trading fees

Tickmill has low non-trading fees. There is no fee for deposit, withdrawal, or inactivity.

Tickmill non-trading fees

tickmill	axitrader	FXCM
account fee	no	no	no
inactivity fee	no	no	yes
deposit fee	$0	$0	$0
withdrawal fee	$0	$0	$0

Tickmill review
account opening

Can you open an account?

Visit broker
73% of retail CFD accounts lose money

Tickmill accepts clients from all over the world. There are only a few exceptions, e.G. Customers from the US or canada can't open an account.

What is the minimum deposit at tickmill?

The required minimum deposit at tickmill is $100 . For a VIP account, you need to maintain a minimum $50,000 balance.

Account types

Tickmill has several account types that differ in pricing, minimum deposit, and minimum account balance.

Tickmill account types

pro	classic	VIP
minimum deposit	$100	$100	-
minimum account balance	-	-	$50,000
pricing	tight spread plus commission	wide spread, but no commission	tight spread plus commission
commission per $100,000 trade	$2	no commission	$1

Retail clients of tickmill ltd can use leverage up to 1:500 while retail clients of tickmill UK ltd and tickmill europe ltd can use maximum leverage of 1:30. If you qualify for a professional trader, you can trade with higher leverage, up to 1:500 (tickmill UK ltd) or up to 1:300 (tickmill europe ltd).

The criteria for professional clients:

An average frequency of 10 trades per quarter in the previous four quarters

Size of your financial instrument portfolio exceeds €500k

You have at least one year experience in a relevant financial position

You can also open corporate and swap-free islamic accounts. The main difference between islamic aand other accounts is that instead of daily swap rates, an administration fee is charged if you hold some exotic currencies for more than 3 nights.

How to open your account

Account opening is fully digital, fast and straightforward. You can fill out the online application form in a matter of minutes. Our account was verified within one day.

To open an account at tickmill, you have to go through these steps:

'choose your regulator' will determine whether you sign up for the tickmill site regulated by the UK, cyprus or the seychelles authority. We recommend going for the UK one or the EU one (cyprus) if available in your country

Fill in your name, country of residence, email address and telephone number

Add your personal information, such as your date of birth and address

Select the base currency

Provide your financial information and answer questions about your financial knowledge

Select your account type: pro, classic or VIP

Verify your identity and residency. You can upload a copy of your national ID, passport or driver's license to verify your identity, while utility bills and bank statements are accepted as proof of residency.

Tickmill review

Our tickmill review found this forex broker has a choice of 2 accounts and 1 forex trading platform with metatrader 4. While they have over 60 currency pairs, the range of markets is limited with 2 metals, 4 bonds, 14 indices but no crypto or shares

��️ regulation	UK, europe, south africa, malaysia
�� trading fees	low spreads
�� trading platforms	MT4
�� minimum deposit	$100
�� deposit/withdrawal fee	$0
��️ instruments offered	forex, cfds, bonds
�� credit card deposit	yes

Tickmill account types

Tickmill offers you the choice of three account types for trading forex and cfds using a no dealing desk model with ECN style pricing. These include the pro account, the classic account, and the VIP account. Each of these account types will suit a different level of trading experience.

When trading with tickmill, all accounts include the following features:

Minimum lot size of 0.01 (micro-lots)

Available base currencies: USD, EUR, GBP

Hedging, scalping, arbitrage, expert advisors permitted

Swap-free islamic account options

Pro account

You can get started with a pro account with a minimum deposit of $100. The pro account offers low spreads from 0.0 pips EURUSD and charges commission fees of $2.00 per side ($4 round-turn) per lot. This account offers the best pricing for retail traders, as it has ECN pricing.

This account is the most popular among traders because of the low commission rate and tight spreads.

Classic account

The classic account is the same as the standard account that many brokers offer. This means you will not pay commission fees. To open a classic account, you will require a minimum deposit of $100. Spreads start from 1.6 pips. The classic account is more suitable for beginner traders with little experience.

VIP account

There is no minimum deposit required for the VIP account, however, you will require a minimum account balance of $50,000 to trade. This makes this trading account more suitable for experienced traders. Spreads start from 0.0 pips, and the commission fees are only $1.00 per side.

Islamic account

Tickmill also offers islamic accounts for traders of the muslim faith. You can select from a pro account, classic account, or VIP account and convert it to an islamic account. Trading conditions remain the same as with the other trading accounts, along with compliance with the sharia law.

Our rating

The overall rating is based on review by our experts

Spreads

Tickmill offers competitive spreads across a range of 62 currency pairs, stock indices, oil, metals, and bonds. The classic account offers slightly higher average spreads on the range of currency pairs. Typical spread data from the pro account and VIP account shows an offering of 0.10 pips on the EUR/USD pair.

Commission spreads

The following table compares the average spreads across a range of commission-based account types, including the pro account and VIP account from tickmill.

Data taken from broker website. Accurate as at 05/01/2021

Non-commission spreads

The following table displays average spreads from non-commission accounts with the classic account from tickmill and others.

Leverage

What is leverage?

Price movements in the forex market can be small. Leverage is a tool that allows you to access borrowed equity to trade with higher without investing an exorbitant amount of using your own funds. For example, trading with 1:100 leverage will allow you to trade up to $100,000 with only $1,000 in your account. Remember that this invokes a high risk as price movements can turn unfavourably in certain trading environments.

What determines leverage?

The maximum leverage that a CFD broker can offer depends on what the regulator of the country you are trading from will permit. Tickmill uses the following regulators: FCA, cysec for clients in the UK and europe, FSCA for clients in south africa, LFSA for malaysia clients and FSA for clients in other regions.

Retail investor accounts (for clients in the UK and europe):

Up to 1:30 on forex in the UK and europe

Up to 1:20 on stocks indices and oil

Up to 1:20 on metals

Up to 1:5 on bonds

FCA and cysec regulations are tighter than most regulators in other countries require. However, if you are in the UK or europe, you may be eligible for a professional account which will allow you to access leverage in line with tickmill clients in other regions.

Professional investor accounts (UK and europe clients) and retail investors accounts (outside the UK and europe):

Up to 1:500 on forex

Up to 1:100 on stocks indices and oil

Up to 1:500 on metals

Up to 1:100 on bonds

Trading platforms

Tickmill only allows you to trade using the most popular trading platform: metatrader 4. Despite the minimal selection of trading platforms, metatrader 4 is the most commonly used system and provides a range of features to help you trade the financial markets.

Metatrader 4

Metatrader 4 is the first and most popular trading platform developed by metaquotes software. Metatrader 4 is user-friendly, customisable, and designed to let you trade with ease on desktop or mobile trading (including ios and android). This platform is the favourite among many forex traders around the world because of its sophisticated level of trading analysis tools, customisable interface, charting functionality, and access to expert advisors through the accompanied metatrader marketplace.

Along with the advanced trading conditions from tickmill, you can enjoy many features from using the metatrader 4 trading platform:

Fast order execution on a range of cfds including forex, stock indices, commodities, and bonds

Expert advisor trading facilities and advanced trading signals (run on tickmill VPS) suitable for scalping

Provision of fundamental and technical analysis tools including over 50 indicators and customisable charting

Metatrader 4 webtrader

The metatrader 4 webtrader platform allows you to access the markets online directly through your web browser. The webtrader trading platform through tickmill makes trading more accessible as the metatrader system is available directly in your browser. Equipped with all the same functions as the original, the webtrader version has enhanced security with data encryption. However, the trade execution time is a little more lagged.

The metatrader 4 webtrader trading platform offers:

Access to one-click trading through all modern browsers

Real-time quotes on customisable price charts

Over 30 indicators to use across 9 different time frames

Trading history and encrypted data transmission

Other platform

Myfxbook copy trading

If you prefer to copy the trades of other successful traders, then myfxbook is available within your metatrader 4 trading account.

Myfxbook works by providing you with tools to find and follow other traders in their social network. You can then use filters which will allow you to replicate their trades within the conditions you set. Social trading is popular for those that don’t have the experience or time to invest in trading themselves, instead, you can leave the work to other traders.

Third-party tools

Tickmill clients can access third-party technical analysis tool autochartist. This is one of the most comprehensive forex trading tools that can add some value to your trading. Authochartist uses advanced technology to analyze past market trends and identify real-time trading opportunities across a wide selection of CFD instruments.

Some of the best tools included in the autochartist market analysis pack include:

Automated trade alerts

Volatility analysis for SL and TP optimization

Fibonacci patterns

Market reports delivered 3 times per day

Historical performance statistics

The key support and resistance levels

Customizable searches to only get the data you need

Autochartist is offered free of charge to all tickmill live account holders. This tool is offered as an MT4 plugin as well as a standalone web application.

Financial products

A range of trading instruments including forex, stocks indices and oil, precious metals, and bonds are available.

Tickmill does lack some diversity in the cfds on offer. For example, you cannot trade popular cfds such as cryptocurrencies, stocks, etfs or soft commodities (such as crops and livestock) through tickmill. This can limit your ability to spread your risk through investment diversity.

Forex

The forex market is the most popular financial market because of its volatile price movements and 24/5 availability for trading. When trading forex, you are simultaneously buying and selling currencies for profit. Tickmill offers you access to over 60 currency pairs, allowing you to trade popular currencies such as USD, EUR, and GBP. Spreads start from 0.0 pips, and the average trade execution speed is 0.20 seconds.

At tickmill, trading minor and exotic forex pairs is also available with no requotes and ultra-fast execution speed of 20ms.

Stock indices and oil

Stock indices allow you to track a group of stocks to buy and sell them as an aggregate, rather than picking single stocks. Where stocks show the performance of a company, stock indices are useful to determine the economic health of sectors, industries, or countries. Tickmill offers 14 stock indices with no commission fees.

Trading WTI oil serves a similar purpose. Variations of oil are available to trade as an amassed average across sectors. Speculating on the price of oil enables you to trade on highs or lows, as you would any other asset.

Trading oil serves a similar purpose. Variations of oil are available to trade as an amassed average across sectors. Speculating on the price of oil enables you to trade on highs or lows, as you would any other asset.

Precious metals

Gold and silver metal commodities against the USD are available through tickmill. These trading instruments are relatively uniform across the world and are typically safer assets during periods of market uncertainty. With the metatrader 4 trading platform, you can trade gold and silver from 0.0 pips spreads, no commissions, and an average trade execution speed of 0.20 seconds. Much like the forex market, you can trade precious metals 24/5.

The tickmill range of precious metals is small. Other popular metals such as copper, palladium, platinum are not available.

Bonds

Tickmill offers 4 types of government bonds (also known as treasury cfds) which are agreements between borrowers and lenders that you can trade over the counter. These bonds are futures (cash) contracts. Tickmill provides access to german bonds from 0.0 pips spread and no commissions.

Customer service

Hours of support

Tickmill provides extensive trading services and customer support with the head office in london, united kingdom. You can contact the CFD broker through the client support number or office number during 7:00 to 16:00 GMT monday to friday. Tickmill also provides a support email with a response time within 24 hours on business days. A livechat is also available through their website tickmill.Com, one can choose from 14 different languages.

Education and research

Tickmill provides a range of educational resources to help you improve your trading experience with tickmill. Some of these tools are available for download and some require registration. These tools can help you improve your trading strategies.

Ebooks – topics include introduction to fibonacci analysis, know your trading costs, risk management, trading forex

Videos – forex trading, market analysis, trading psychology, trading strategies, social trading, stocks, MT4

Webinars – hosted by forex experts, these webinars are in a range of languages including english, german, polish, portuguese, turkish

Seminars – these seem to have stopped at least for 2020 but are allow you to hear from forex experts online

Infographics – these are visual graphics that visualise data, charts and statistics on trading topics

Minimum deposit – funding

Tickmill has a zero fees policy for deposits and withdrawals. This means there are no costs from the brokers’ end for using when transferring funds. If your wire transfer and your deposit are greater than $5000, tickmill will refund any fees up to $100 with if you can provide a bank statement.

To open an account with tickmill, you will require a minimum deposit of $100. To access a VIP account, your balance will need to be $50,000 to open your position. Tickmill accepts 4 different deposit currencies EUR, GBP, USD and PLN. Deposits made in unsupported currencies will be converted incurring a conversion fee to the previously mentioned currencies.

Tickmill offers a range of deposit and withdrawal methods, and there is a minimum withdrawal requirement of $25. Fund transfer will be instant or up to 1 working day:

Bank transfer

Visa and mastercard

Skrill

Neteller

Dotpay

Paysafecard

Sofort

Rapid transfer

Paypal

Unionpay

Fasapay

Qiwi

Tickmill doesn’t have any official inactivity fees however tickmill may apply charges if they believe you are not actively using your account.

Regulation and risk management

Global regulation

Tickmill has regulation in several countries including:

Tickmill UK ltd: financial conduct authority (FCA) for the UK (register number 717270)

Tickmill ltd: seychelles financial services authority (FSA) for seychelles (licence number SD008)

Tickmill europe ltd: cyprus securities and exchange commission (cysec) for cyprus (licence number 278/15)

Tickmill asia ltd: labuan financial services authority (LFSA) for labuan (licence number MB/18/0028)

Tickmill south africa (pty) ltd: financial sector conduct authority (FSCA) for south africa (licence number FSP 49464)

Tickmill asia applies for clients in malaysia, all clients outside tickmill subsidiaries that have FCA, cysec, LFSA and FSCA regulation will have FSA regulation. While tickmill policies for FSA will be in line with other regulators, you need to remember that FSA is an offshore regulator. So if you have any complaints, you may not have the protection you need to settle disputes in case of scams.

If you are australian or from dubai, then you may note that tickmill does not have ASIC or DFSA regulation. We don’t advise using regulators outside your country. So tickmill may not be a suitable broker for your situation.

Risk management features

If an account falls below a zero balance, tickmill will cover the debt by providing negative balance protection. This means that tickmill will cover any losses below a zero balance on your account in the event of trading losses or excessive slippage. The forex broker also uses a risk department to monitor traders’ risk appetite and may notify the client of excessive risk-taking or even reduce the leverage.

Tickmill provides a degree of risk management to improving trading conditions. The range of educational resources and research-based features helps you to improve your trading ability on a demo account before testing your skills with a live account. These tools are a form of risk management as they ensure you understand the nature of trading before getting started.

Furthermore, tickmill allows the maximum leverage depending on the relevant regulatory entity. For retail clients trading forex, leverage is capped at 1:30 whereas professional clients can access leverage up to 1:500. Tickmill also provides a simple and transparent calculation of the required margin for clients to visualize the risk of trades.

Tickmill FAQ

Is tickmill an ECN broker or market marker

Tickmill is an ECN pricing. Tickmill doesn’t advertise themselves as an ECN broker or STP broker but they offer ECN pricing because they connect you with forex liquidity providers without a dealing desk. This is why spreads are low. As there is no dealing desk, tickmill is not a market maker.

If you are looking for other forex brokers with ECN pricing then see our best ECN brokers. All these brokers offer ECN trading execution using the MT4 trading platform.

What trading platforms does tickmill offer?

Tickmill only offers one trading platform. This is metatrader 4 (MT4). Metatrader 4 is the world most popular platform with brokers and traders so is a solid choice for a trading platform.

Some traders may wish to consider metatrader 5 over metatrader 4 as metatrader 5 allows you to deal with exchange-traded cfds and has superior trading features and speed.

Is tickmill good for beginners?

Tickmill can be a good option for beginners as they have a commission-free account (called the classic account), negative balance protection ensures you account balance never goes below zero, metatrader 4 trading platform and a demo account.

If you are looking for other suitable trading platforms for beginners, see out best trading platforms for beginners.

Is tickmill a good choice for australian traders?

You can certainly use tickmill if you are in australia, however, you will be using seychelles financial services authority (FSA) as your regulator. Compareforexbrokers never recommend using an offshore regulator. If you are trading in australia then we suggest our best brokers australia who all have regulation with the australia securities investments commissions (ASIC).

Overall

With a choice of a classic account which is commission-free and ECN pricing accounts all which allow hedging, scalping and eas, tickmill is a suitable forex broker for traders of all levels of experience. The $2 commission per lot to open your position is some of the best in the market. However, tickmill has a few weaknesses. The broker only offers the metatrader 4 trading platform, which many consider the gold standard for trading platforms however it would be nice to have another trading platform to choose from. Tickmill also limits the range of cfds you can choose from. Overall, tickmill is one of the better brokers, but pepperstone exceeds the broker in most areas.

Justin grossbard has been investing for the past 20 years and writing for the past 10. He co-founded compare forex brokers in 2014 after working with the foreign exchange trading industry for several years. He also founded a number of fintech and digital startups including innovate online and SMS comparison. Justin holds a masters degree and an honours in commerce from monash university. He and his wife paula live in melbourne, australia with his son and siberian cat. In his spare time, he watches australian rules football and invests on global markets.

5 key facts about tickmill

Minimum deposit
- $100

Forex platforms
- metatrader 4

Trading fees
- low commissions

Regulated by
- cysec
- FCA
- FSCA
- LFSA

Trading account
- classic
- pro

Tradable instruments
- forex
- cfds
- bond CFD

visit tickmill >>

The leading forex broker comparison site, compare forex brokers pty ltd is an authorised representative of guildfords funds management pty ltd australian financial services licence no. 471379 (A/R no. 001274082). Copyright 2021 and all rights reserved. Trading forex and cfds with leverage poses significant risk of loss to your capital.

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Tickmill account types comparison

Tickmill is a popular forex broker and many traders want to open an account with this trading company but which tickmill account type is the best? – on this website, you will find our professional comparison by experienced traders. In the following sections, we will calculate the trading fees and commissions for you and tell you which is the best account type.

Tickmill account types and conditions

(note: get 5% commission rebate with the codes: IBU13836682 (EU) & IB60353132 (international))

Which is the best account type of tickmill?

Tickmill is offering 4 different account types. First of all, everyone can create a free demo account for tests and practice on the trading platform. The demo account is filled up with virtual money and is totally free. You do not risk any real money. For all traders who want to start with real money, the question is which is the best account type?

Tickmill is offering the following accounts:

Free demo account

Pro account

Classic account

VIP account

Generally, the best account type is the VIP account but most traders do not invest $50,000 in their trading account. If you want to do this the VIP account is clearly the way to do it. Now the question is, should you open the classic account or the pro account. Both accounts can be opened by a minimum deposit of $100.

Pro account vs. Classic account

There is only one difference between these types of accounts and it is the trading fees.

Classic account:

On the classic account, you are trading with a spread fee which is added to the normal trading price of an asset. It means that your position will be opened and you get like a poorer execution of the trade on the price. The profit of the trade will be negative until the price overcome the spread. In the classic account a variable spread of 1.2 pips is added to the market (the spread is depending on the asset and market situation.

Pro account:

The pro account gives you the direct market spread. It can be 0.0 pips depending on the market and situation. You will get the direct liquidity of the market and banks. Now tickmill adds a commission to your trade. This is a fix commission depending on your trading volume. For trading one lot (100.000) you will pay only a commission of $2.

Calculation: which one is better for you?

Now we will do a trading fee calculation to show you which account type is better for you. In this example, we are using trade in the EUR/USD with the position size of 1 lot.

Classic account:

The variable spread is 1.2 pips in the EUR/USD. By trading the EUR/USD with 1 lot the pip value by the price of 1.08962 is at the moment $10.

1.2 pips x $10 = $12 trading fee by opening and close the position. That means a $24 overall fee by a finished trade with 1 lot.

Pro account:

You only pay the trading fee of $2 by opening and close the position. That means a $4 overall fee by a finished trade with 1 lot.

Conclusion: the pro account is the best account

The pro account is clearly the best account for the trader because the fees are much lower. We wonder why tickmill is offering the classic account. You should open the pro account to get the lowest fees. Also, compared with other brokers tickmill is a very cheap broker. See the table below for all account details and with our IB code, you can get a 5% discount on all your trading commissions in the pro account.

(note: get 5% commission rebate with the codes: IBU13836682 (EU) & IB60353132 (international))

Get 5% rebate on the trading commissions of the pro account

As partner and IB of tickmill, we talked to them and negotiated a 5% rebate for all our readers and customers. By using our code or link you will get a 5% rebate on the trading commissions. This means you are paying less trading fees on your trading account. By trading 1 lot you only pay a fee of $1.90. Overall, this can be a huge amount of rebate if you are trading high volumes over time.

Rebate codes:

IBU13836682 for traders who are trading with the european regulation of tickmill (EU)

IB60353132 for traders who are trading with the seychelles regulation of tickmill (international)

Advantages of the tickmill accounts

Tickmill is specialized for forex trading. The company is offering the lowest spreads and commission for traders. On our comparison of forex brokers tickmill is by far the cheapest broker. On the most trading platform you will pay the double off the fees you are paying with tickmill.

In addition, all strategies are allowed. You can use algorithms and expert advisors (automated trading). The broker gives you the highest liquidity and fastest execution for trades. From our experience, there is no slippage even if you are using high volume in trades.

Lowest trading fees compared to other brokers

All strategies allowes

Supports automated trading

High liquidity

No slippage

Fast execution

Tickmill is one of the cheapest forex brokers. By using the pro account you are trading with very few trading fees. (5 / 5)

Tickmill review

��️ regulation	UK, europe, south africa, malaysia
�� trading fees	low spreads
�� trading platforms	MT4
�� minimum deposit	$100
�� deposit/withdrawal fee	$0
��️ instruments offered	forex, cfds, bonds
�� credit card deposit	yes

Tickmill account types

When trading with tickmill, all accounts include the following features:

Minimum lot size of 0.01 (micro-lots)

Available base currencies: USD, EUR, GBP

Hedging, scalping, arbitrage, expert advisors permitted

Swap-free islamic account options

Pro account

This account is the most popular among traders because of the low commission rate and tight spreads.

Classic account

VIP account

Islamic account

Our rating

The overall rating is based on review by our experts

Spreads

Commission spreads

The following table compares the average spreads across a range of commission-based account types, including the pro account and VIP account from tickmill.

Data taken from broker website. Accurate as at 05/01/2021

Non-commission spreads

The following table displays average spreads from non-commission accounts with the classic account from tickmill and others.

Leverage

What is leverage?

What determines leverage?

Retail investor accounts (for clients in the UK and europe):

Up to 1:30 on forex in the UK and europe

Up to 1:20 on stocks indices and oil

Up to 1:20 on metals

Up to 1:5 on bonds

Professional investor accounts (UK and europe clients) and retail investors accounts (outside the UK and europe):

Up to 1:500 on forex

Up to 1:100 on stocks indices and oil

Up to 1:500 on metals

Up to 1:100 on bonds

Trading platforms

Metatrader 4

Along with the advanced trading conditions from tickmill, you can enjoy many features from using the metatrader 4 trading platform:

Fast order execution on a range of cfds including forex, stock indices, commodities, and bonds

Expert advisor trading facilities and advanced trading signals (run on tickmill VPS) suitable for scalping

Provision of fundamental and technical analysis tools including over 50 indicators and customisable charting

Metatrader 4 webtrader

The metatrader 4 webtrader trading platform offers:

Access to one-click trading through all modern browsers

Real-time quotes on customisable price charts

Over 30 indicators to use across 9 different time frames

Trading history and encrypted data transmission

Other platform

Myfxbook copy trading

If you prefer to copy the trades of other successful traders, then myfxbook is available within your metatrader 4 trading account.

Third-party tools

Some of the best tools included in the autochartist market analysis pack include:

Automated trade alerts

Volatility analysis for SL and TP optimization

Fibonacci patterns

Market reports delivered 3 times per day

Historical performance statistics

The key support and resistance levels

Customizable searches to only get the data you need

Autochartist is offered free of charge to all tickmill live account holders. This tool is offered as an MT4 plugin as well as a standalone web application.

Financial products

A range of trading instruments including forex, stocks indices and oil, precious metals, and bonds are available.

Forex

At tickmill, trading minor and exotic forex pairs is also available with no requotes and ultra-fast execution speed of 20ms.

Stock indices and oil

Precious metals

The tickmill range of precious metals is small. Other popular metals such as copper, palladium, platinum are not available.

Bonds

Customer service

Hours of support

Education and research

Ebooks – topics include introduction to fibonacci analysis, know your trading costs, risk management, trading forex

Videos – forex trading, market analysis, trading psychology, trading strategies, social trading, stocks, MT4

Webinars – hosted by forex experts, these webinars are in a range of languages including english, german, polish, portuguese, turkish

Seminars – these seem to have stopped at least for 2020 but are allow you to hear from forex experts online

Infographics – these are visual graphics that visualise data, charts and statistics on trading topics

Minimum deposit – funding

Tickmill offers a range of deposit and withdrawal methods, and there is a minimum withdrawal requirement of $25. Fund transfer will be instant or up to 1 working day:

Bank transfer

Visa and mastercard

Skrill

Neteller

Dotpay

Paysafecard

Sofort

Rapid transfer

Paypal

Unionpay

Fasapay

Qiwi

Tickmill doesn’t have any official inactivity fees however tickmill may apply charges if they believe you are not actively using your account.

Regulation and risk management

Global regulation

Tickmill has regulation in several countries including:

Tickmill UK ltd: financial conduct authority (FCA) for the UK (register number 717270)

Tickmill ltd: seychelles financial services authority (FSA) for seychelles (licence number SD008)

Tickmill europe ltd: cyprus securities and exchange commission (cysec) for cyprus (licence number 278/15)

Tickmill asia ltd: labuan financial services authority (LFSA) for labuan (licence number MB/18/0028)

Tickmill south africa (pty) ltd: financial sector conduct authority (FSCA) for south africa (licence number FSP 49464)

Risk management features

Tickmill FAQ

Is tickmill an ECN broker or market marker

If you are looking for other forex brokers with ECN pricing then see our best ECN brokers. All these brokers offer ECN trading execution using the MT4 trading platform.

What trading platforms does tickmill offer?

Tickmill only offers one trading platform. This is metatrader 4 (MT4). Metatrader 4 is the world most popular platform with brokers and traders so is a solid choice for a trading platform.

Some traders may wish to consider metatrader 5 over metatrader 4 as metatrader 5 allows you to deal with exchange-traded cfds and has superior trading features and speed.

Is tickmill good for beginners?

If you are looking for other suitable trading platforms for beginners, see out best trading platforms for beginners.

Is tickmill a good choice for australian traders?

Overall

5 key facts about tickmill

Minimum deposit
- $100

Forex platforms
- metatrader 4

Trading fees
- low commissions

Regulated by
- cysec
- FCA
- FSCA
- LFSA

Trading account
- classic
- pro

Tradable instruments
- forex
- cfds
- bond CFD

visit tickmill >>

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So, let's see, what was the most valuable thing of this article: designed for traders who expect advanced features and optimal conditions, our pro account is an ideal stepping stone to the world of CFD trading. At tickmill account types