Tickmill Account Types

Tickmill Account Types offers 2 live accounts, a demo account, and Islamic account options. Trading conditions improve with Tickmill account types. The main differentiating factor is the initial deposit required.

Overall Rating

• 4.8/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 100

Regulators

CySEC, FCA, FSA, FSCA

Trading Platform

MT4, MT5, Tickmill Trader

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Tickmill Account Types – 8 Key Point Quick Overview

1. ☑️Overview
2. ☑️Tickmill at a Glance
3. ☑️Tickmill Account Types
4. ☑️How to open a Tickmill Account
5. ☑️Customers Reviews
6. ☑️Pros and Cons
7. ☑️Conclusion
8. ☑️Frequently Asked Questions

Overview

Tickmill offers its clients a wide range of services and products. It is regulated by the Cyprus Securities and Exchange Commission (CySEC), The Financial Conduct Authority (FCA), and the Financial Sector Conduct Authority (FSCA) within several regions.

Clients can trade the world’s financial markets by using virtually any trading strategy, including EAs, hedging, and scalping.

Tickmill At a Glance

Tickmill Account Types

Tickmill offers three different live accounts in addition to a demo account. While trading conditions improve with the account type, the main differentiating factor is the initial deposit required.

Classic Account

Trade CFDs on 62 currency pairs, oil, precious metals, bonds, cryptocurrencies, and CFDs on major stocks and stock indices, with spreads starting from 1 on your Classic account. An edge in such deep liquidity is provided by the bank’s daily dollar operations and no commissions.

The Classic commodity account is an excellent choice for most traders and is equipped with the following options: high speed of order execution, full-fledged strategy use, and price feeds renewed approximately every 100 seconds.

The starter account is the trajectory for traders and has features that add to your trading experience.

Besides this, you should also know that with the Classic account, charts do not incorporate the markup in the market and spreads.

Raw Account

Trade with CFDs based on 62 currency pairs, stocks, stock indices, oil, precious metals, bonds, and Cryptocurrencies, with varying spreads starting from 0 on your Raw account—0 pips.

Your Raw platform account will receive just a $3 (or the relevant quantum of the account currency) commission on each lot traded. Our commission is the lowest among other compliance companies.

While many brokers are not giving this opportunity to their clients, we are totally on the ball and enable you to place stops and limits orders prior to the market move. Thereupon, the maximum deal volume is 100 million Raw, and the limits of margin and investment for Raw Account users are zero.

Aside from the 2 main account types, Tickmill does make a Demo account and an Islamic option available.

Demo Account

Experience real market conditions.

Try a simulation exercise to learn technical and fundamental analysis and trading strategy on a simulated platform without real trading involved.

Full-Featured Trading Platform

Introduce yourself to the complete array of customizable mechanisms that the MetaTrader platforms enable you to utilize, with your trading performance being the ultimate beneficiary.

180+ instruments of Trading from 6 accessible classes

Large business operations on various platforms include Forex, stocks, stock Indices, commodities, and cryptocurrencies, among others, as well as the lowest spreads in the market.

Islamic Account

One of the highlights of an Islamic account is that it is a swap-free account since no swap or rollover interest is made on overnight positions, which is contrary to the Muslim faith. Each Muslim client who opens an account with Tickmill, regardless of whether he picked Classic or Raw, will be provided with the most favorable trading conditions, but the account will be converted to Islamic.

Islamic accounts have precisely the same trading conditions as regular market accounts, with the exception only of the dividend payment mechanism. The final key difference is that there are no overnight swaps on trading instruments, but a charge is applied for jobs that last for more than three consecutive nights and involve overnight holding of multiple trading instruments throughout the aforementioned period.

Our Client Support team is the best, and this is why we will take care of your Islamic account status request within 1 business day. You will receive an email confirmation after we complete the setting up. All additional trading accounts you will open from now on will be defined as swap-free manually after the broker’s verification. Trading activity in each account will be classified as swap-free without your further contact.

Clients can choose between four wallet currencies – USD, EUR, GBP, and PLN. 

Overall Rating

• 4.8/5

Read Review

OPEN AN ACCOUNT

Min Deposit

USD 100

Regulators

CySEC, FCA, FSA, FSCA

Trading Platform

MT4, MT5, Tickmill Trader

Crypto

Yes

Total Pairs

62

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

How to Open a Tickmill Account step by step

To open an account with Tickmill, South Africans can follow these steps:

Step 1: Start by going to the Tickmill Website

Find the “Open an Account” link, which is usually located on the front page.

Step 2: Select Account Types

Choose your preferred account type.

Step 3: Fill in Personal Details

When you click on it, you will be taken to a new page where you must enter your personal information. This information includes your full name and date of birth.

Step 4: Personal Details

You will be prompted for more information regarding your Country, select a product and click on Privacy Policy.

Step 5: Fill in your details

Fill in your phone number and email address.

Step 6: Verify your email

Go click on the email verification you received in your email.

The identification and address verification process, a common regulatory requirement to stop fraud and money laundering, will then be guided. You must upload copies of your identification—like a driver’s license or passport—and a current utility bill or bank statement with your complete name and address in plain sight.

After Tickmill correctly validates your documents, your account will be activated, enabling you to fund it and begin trading.

Customer Reviews

🥇 Excellent!

Since its days as Armada in 2014, Tickmill has been my preferred broker. This is because they offer incredibly low spreads, execute trades at lightning speed, and provide highly responsive customer service—making it obvious why I choose them above others. – Emily Van Der Merwe

🥈 Top Choice.

Depositing funds with Tickmill is simple and quick. Moreover, you may open an account with your business license, making it suitable for people who want to trade utilizing their company’s resources. However, it is worth noting that gold spreads can be pretty high sometimes, which may result in pending orders not being triggered. – Joshua Van Zyl

🥉 Incredible.

My time with Tickmill has been incredible, and I wholeheartedly endorse them. With two years of trading under my belt, I can confidently say that their systems, customer support, and connectivity have never failed me once. They could only improve by expanding the list of global banks supported for transactions. – Sophia Pretorius

Pros and Cons

You might also like: Tickmill Demo Account

You might also like: Tickmill Fees and Spreads

You might also like: Tickmill Islamic Account

You might also like: Tickmill Minimum Deposit

You might also like: Tickmill Sign up Bonus

Conclusion

Tickmill offers a variety of accounts catering to different trader needs. Classic accounts suit beginners, Raw accounts target high-volume traders, and Islamic accounts address religious restrictions. The $30 welcome bonus allows risk-free exploration, while the rebate program reduces trading costs.

Frequently Asked Questions

What are the disadvantages of trading with a Tickmill account?

A disadvantage of trading with Tickmill brokers includes the limited trading platform options and the fact that Tickmill does not support the popular MetaTrader 5 platform.

What type of broker is Tickmill?

Tickmill is an NDD broker (no dealing desk) with no conflicts of interest regarding its clients.

Can I trade cryptocurrencies with Tickmill?

Yes, cryptocurrencies that can be traded with Tickmill include Bitcoin, Ethereum, Cardano, Tron, and Litecoin.

Does Tickmill offer leverage?

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

What is the overall rating out of 10 for Tickmill?

The overall rating for Tickmill is 8/10