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.
Tickmill Account Types - Key Point Quick Overview
- ☑️Overview
- ☑️Tickmill Account Types and Features
- ☑️How to Open a Tickmill Account step by step
- ☑️Tickmill At a Glance
- ☑️Tickmill Customer Reviews
- ☑️Pros and Cons
- ☑️Conclusion
- ☑️Frequently Asked Questions
Overview
- Tickmill Ltd is a member of the Tickmill Group, operating under the trading name Tickmill.
- It is regulated by the Seychelles Financial Services Authority (FSA) and offers access to a wide range of CFD asset classes, catering to both retail and professional clients.
- Tickmill provides premium services, products, innovative technologies, and the best possible trading environment.
- Multiple top-tier regulators regulate brokers, including the Financial Conduct Authority (FCA) in the United Kingdom and the Cyprus Securities and Exchange Commission (CySEC).
Tickmill Account Types and Features
| 🔎 Live Account | 💴 Minimum Dep. | 📝Sign up | 📈 Average Spread | 💵Max Leverage |
| 🥇 RAW Account | USD 100 / 1812 ZAR | 👉 Open Account | 0.0 pips | 1:1000 |
| 🥈 CLASSIC ACCOUNT | USD 100 / 1812 ZAR | 👉 Open Account | 1.6 pips | 1:1000 |
| 🥉TICKMILL TRADER RAW | USD 100 / 1812 ZAR | 👉 Open Account | 0.0 pips | 1:1000 |
CLASSIC:
- This is a commission-free account with a starting deposit of $100 (depending on the base currency) and spreads starting at 1.6 pips.
RAW:
- Spreads start at 0.0 pips, and the starting deposit is $100 (depending on the base currency). Commissions are only $3 per side per lot for FX and precious metals; other asset classes are commission-free.
TICKMILL TRADER RAW:
- Trade with their seamless proprietary platform right on your smartphone. Access with safety with face recognition (iOS) and fingerprint (Android), and easily switch between demo and live accounts all in one place.
Demo Account
- Tickmill’s demo account imitates the conditions of a live trading account and gives traders access to the same functions, features, and options they would have on a live trading account.
- However, the demo account is risk-free since traders use virtual funds to conduct their trading.
- Therefore, traders cannot withdraw any profits made on the demo account.
| 🔎 Account | 📌 Account Features |
| Tickmill Demo Account | Real Market Conditions |
| Full featured trading platform | |
| 80+ Trading instruments across 5 asset classes | |
| 📝Sign up | 👉Open Account |
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 they 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.
| 🔎 Account | Tickmill Islamic Account |
| 💵 Available base currencies | USD, EUR, GBP, ZAR |
| 🔃 Execution model | NDD |
| 🔁 Execution type | Market Execution |
| 🔀 Execution Speed | 0.20 seconds |
| ⛔️ Margin Call / Stop-out | 100% / 30% |
| 📝Sign up | 👉Open Account |
What account types does Tickmill offer?
Tickmill offers three main accounts: Pro, Classic, and VIP. These accounts cater to different experience levels, offering competitive spreads, low commissions, and minimum deposit requirements starting from just $100.
Is there an Islamic account option at Tickmill?
Yes, Tickmill offers swap-free Islamic accounts for Muslim traders. These accounts comply with Sharia law and do not incur interest on overnight positions, making them suitable for faith-based trading.
How to Open a Tickmill Account step by step
To open an account with Tickmill, South Africans can follow these steps: [video width="1920" height="1080" mp4="/storage/images/2024/07/How-to-Tickmill.mp4"][/video]
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.
How to Close a Tickmill Account
To close a live trading account, South African traders can follow these steps: Log in to your account dashboard. Ensure no funds are left in your account, and all your open positions have been closed. If any money remains, you will have to take it out. To close your account, contact customer support by phone, email, or live chat. For security reasons, they may ask you to confirm this request. You will receive confirmation that your account has been successfully closed when your request has been processed.
Base Account Currencies and Basic Order Types
The base account currencies available to South Africans include the following: USD EUR GBP ZAR PLN
Basic Order Types include:
- A market order can be either a buy or a sell order that executes at the current market price, which is displayed on your price chart.
- If you place a market order, you will be immediately entered at the best available price.
- Market orders are most effective when a trading opportunity requires prompt action. Click buy/sell at the market to enter the trade immediately.
MAM / PAMM Features
- Multi Account Manager (MAM) is a sophisticated tool that simplifies the management of several trading accounts within the MT4 platform.
- Two allocation methods (proportional by balance and proportional by equity)
- The ability to trade in increments as small as 0.01 lots
- Compatibility with Expert Advisors (EAs)
Social Trading
- The broker allows South African traders to engage in social trading, which improves their trading experience through connectedness and learning from top-performing traders.
- This social trading platform allows traders to interact, replicate, and learn from expert traders, allowing for more informed trading decisions.
- Copying top-performing traders is a three-step approach that gives traders access to Tickmill's enhanced trading conditions.
Tickmill At a Glance
| 📌Broker |  |
| 📍 Headquartered | Seychelles and United Kingdom |
| 📅 Year Founded | 2014 |
| ⚖️ Regulating Authorities | CySEC, FCA, FSA, FSCA, Labuan FSA |
| 🌐 Countries not accepted for trade | Not indicated |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | Yes |
| 📊 Managed Accounts | Yes |
| 📈 Maximum Leverage | 1:500 |
| 💰 Minimum Deposit | $100 |
| 💳 Deposit Options | Visa/Master Card, Skrill, Neteller, SticPay, Bank Wire Transfer |
| 💳 Withdrawal Options | Visa/Master Card, Skrill, Neteller, SticPay, Bank Wire Transfer |
| 💻 Platform Types | MetaTrader 4, proprietary WebTrader |
| 📱 OS Compatibility | Mac, Windows, Linux, Web, Mobile Android, iPhone, iPad. |
| 📈 Tradable assets offered | 62 Currency pairs, CFDs on 2 Metals, 14 Stock Indices, 3 Commodities and 4 Bonds |
| 👨💼 Languages supported on Website | English, German, Indonesian, Chinese, Russian, Spanish, Arabic, Polish, Italian, Melayu, Tiếng Việt and Portuguese |
| 👥 Customer Support Languages | English, German, Indonesian, Chinese, Russian, Spanish, Arabic, Polish, Italian, Melayu, Tiếng Việt and Portuguese |
| 📆 Customer Service Hours | 24/5 |
| 📝Sign up | 👉Open Account |
Tickmill Customer Reviews
- When compared to other brokers in the market, Tickmill maintains a consistently more positive reputation among clients.
- This includes the numerous customer comments about the tightest spreads, the least expensive transactions, and speedy execution.
- Another favorite of clients is their charge structure, which they see as clear, choosing among Classic accounts without commissions from which they can invest as traders, versus the unbeatable spreads on their Pro account.
| Category | Feedback |
| 🌟 Spreads and Costs | Competitive spreads and low trading costs make Tickmill a favorite. |
| ⚡ Execution Speed | Fast trade execution earns praise from many users. |
| 💻 Platform Usability | User-friendly interface appreciated by both beginners and pros. |
| 🛠️ Trading Tools | Robust tools cater to diverse trading strategies. |
| 📚 Educational Resources | Limited educational materials leave some traders wanting more. |
| 🕒 Customer Support | Reliable support but occasional delays in response time. |
| 🏦 Account Types | Multiple account types tailored to varying trading needs. |
Customers Ratings
| 🌐 Platform | 📝 Feedback Summary | ⭐ Rating |
 | Generally positive reviews users commend the platform's speed, stability, competitive spreads, and efficient customer service. | ⭐⭐⭐⭐⭐ |
 | Mixed feedback some users report quick withdrawals and competitive fees, while others raise concerns about spread manipulation and account issues. | ⭐⭐⭐☆☆ |
 | Tickmill has a mixed reputation among its clients. Some reviewers praise the company's efficient customer support, competitive spreads, and user-friendly trading platform. However, others have expressed dissatisfaction with high fees, poor execution, and difficulty in withdrawing funds. | ⭐⭐⭐☆☆ |
 | 2,000 reviews, with many clients praising its competitive spreads, reliable trading conditions, and responsive customer support. | ⭐⭐⭐⭐⭐ |
 | Some users have praised the broker's trading conditions, customer support, and overall service. However, others have complained about withdrawal issues, high fees, and poor communication. | ⭐⭐⭐☆☆ |
 | Reviewers praise the company's competitive spreads, responsive customer support, and user-friendly trading platforms. However, some reviewers have criticized the company's fees, execution issues, and difficulties in withdrawing funds. | ⭐⭐⭐☆☆ |
Pros and Cons
| ✅Pros | ❌Cons |
| Low spreads | Limited asset selection |
| Multi-jurisdiction regulation | No cryptocurrencies |
| Excellent Education | No US clients |
| Clean, direct Islamic account option without swap interest. | Some CFDs still carry handling charges after prolonged holding. |
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Tickmill Customer Reviews
- When compared to other brokers in the market, Tickmill maintains a consistently more positive reputation among clients.
- This includes the numerous customer comments about the tightest spreads, the least expensive transactions, and speedy execution.
- Another favorite of clients is their charge structure, which they see as clear, choosing among Classic accounts without commissions from which they can invest as traders, versus the unbeatable spreads on their Pro account.
| Category | Feedback |
| 🌟 Spreads and Costs | Competitive spreads and low trading costs make Tickmill a favorite. |
| ⚡ Execution Speed | Fast trade execution earns praise from many users. |
| 💻 Platform Usability | User-friendly interface appreciated by both beginners and pros. |
| 🛠️ Trading Tools | Robust tools cater to diverse trading strategies. |
| 📚 Educational Resources | Limited educational materials leave some traders wanting more. |
| 🕒 Customer Support | Reliable support but occasional delays in response time. |
| 🏦 Account Types | Multiple account types tailored to varying trading needs. |
Customers Ratings
| 🌐 Platform | 📝 Feedback Summary | ⭐ Rating |
| Generally positive reviews users commend the platform's speed, stability, competitive spreads, and efficient customer service. | ⭐⭐⭐⭐⭐ |
| Mixed feedback some users report quick withdrawals and competitive fees, while others raise concerns about spread manipulation and account issues. | ⭐⭐⭐☆☆ |
| Tickmill has a mixed reputation among its clients. Some reviewers praise the company's efficient customer support, competitive spreads, and user-friendly trading platform. However, others have expressed dissatisfaction with high fees, poor execution, and difficulty in withdrawing funds. | ⭐⭐⭐☆☆ |
| 2,000 reviews, with many clients praising its competitive spreads, reliable trading conditions, and responsive customer support. | ⭐⭐⭐⭐⭐ |
| Some users have praised the broker's trading conditions, customer support, and overall service. However, others have complained about withdrawal issues, high fees, and poor communication. | ⭐⭐⭐☆☆ |
| Reviewers praise the company's competitive spreads, responsive customer support, and user-friendly trading platforms. However, some reviewers have criticized the company's fees, execution issues, and difficulties in withdrawing funds. | ⭐⭐⭐☆☆ |
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.
You might also like:
Tickmill Demo AccountTickmill Fees and SpreadsTickmill Islamic AccountTickmill Minimum DepositTickmill Sign up Bonus
Frequently Asked Questions
What account types does Tickmill offer?
Tickmill offers several account types, including Classic, Raw, and TradingView Raw accounts, along with Demo and Islamic options. Each account is designed to suit different trading styles, from beginners to advanced traders, with varying spreads, commissions, and execution conditions.
What is the Tickmill Classic Account?
The Classic Account is a commission-free trading account with spreads starting from around 1.6 pips. It is ideal for beginners or traders who prefer simple pricing structures without paying additional commission fees per trade.
What is the Tickmill Raw Account?
The Raw Account offers ultra-tight spreads starting from 0.0 pips with a commission of approximately $3 per lot per side. It is best suited for experienced traders, scalpers, and those using high-frequency trading strategies.
What is the TradingView Raw Account?
The TradingView Raw Account allows traders to access Tickmill’s services via TradingView integration. It provides spreads from 0.0 pips and slightly higher commissions, making it ideal for traders who prefer advanced charting tools and cross-platform trading.
What is the minimum deposit for Tickmill accounts?
Most Tickmill accounts require a minimum deposit of around $100, although this may vary slightly depending on the base currency. This relatively low entry requirement makes the broker accessible to both new and intermediate traders.
Does Tickmill offer a demo account?
Yes, Tickmill provides a free demo account that allows traders to practice in real market conditions using virtual funds. It is a risk-free way to test strategies, learn trading platforms, and gain experience before switching to live trading.
Are Islamic accounts available at Tickmill?
Tickmill offers swap-free Islamic accounts that comply with Sharia law. These accounts eliminate overnight interest charges while maintaining the same trading conditions as standard accounts, though a handling fee may apply after a certain holding period.
Which Tickmill account is best for beginners?
The Classic Account is generally considered the best option for beginners because it has no commission fees and offers a simple cost structure. It allows new traders to focus on learning without worrying about additional trading costs.
Which account is best for professional traders?
Professional or high-volume traders typically prefer the Raw Account due to its tight spreads and transparent commission structure. This setup reduces overall trading costs, especially for scalpers and algorithmic traders executing frequent trades.
Can all strategies be used on Tickmill accounts?
Yes, Tickmill allows most trading strategies, including scalping, hedging, and algorithmic trading, across its main account types. This flexibility ensures traders can implement their preferred approaches without restrictions on execution or order placement.
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