Tickmill is a globally recognized trading platform that offers a variety of services to its users. This article delves deep into Tickmill’s account operations and transactional processes, answering commonly asked questions.

Tickmill Account Opening Guide

1. Eligibility Criteria:

You need to be at least 18 years old.

2. Gather Necessary Documents:

Proof of Identity (POI): A clear copy of a government-issued ID (passport, national ID, driver’s license).

Proof of Address (POA): A recent (typically within the last three months) bank statement, utility bill, mortgage statement, or credit card statement.

3. Begin the Account Opening Process Online:

a. Choose Your Account Type:

• Classic Account: Recommended for beginners.
• Pro Account: Best for experienced traders looking for low spreads and commissions.
• VIP Account: For high-tier traders seeking competitive rates and a broader asset range.

b. Fill Out Personal Information:

Enter details like your name, address, nationality, TIN, date of birth, phone number, and preferred language.

Agree to the platform’s terms and conditions.

An email verification link will be sent to you. Once verified, you will be directed to the financial info and experience section.

c. Identify Yourself:

Add personal details as required.

Upload a copy of your chosen government-issued ID for verification. This step adheres to anti-money laundering (AML) regulations.

d. Provide Financial Information & Trading Experience:

Share details about your employment status, annual income, anticipated expenditure, and any relevant trading experience.

4. Funding Your Account:

Deposit a minimum amount of $100.

You can make this deposit using various methods: bank transfer, credit/debit card, cryptocurrency, or e-wallet.

Be sure to check for any promotional offers or bonuses, like the No Deposit Bonus $30, which can give you a boost as you start your trading journey.

Open an account with Tickmill

Trading Accounts: Demo vs. Live

The trading conditions on both demo and live accounts are identical. However, the demo account operates in a simulated environment, and differences may arise in price updates.

Balance or settings of demo accounts can be adjusted. Simply forward an email with your demo account details and desired changes to Tickmill’s Support team.

Both demo and live accounts can operate simultaneously. To achieve this, you need to install a MetaTrader platform in distinct folders for each account.

Accounts can be closed, but data retention will persist for a minimum of 7 years as per legislative requirements. Accounts with inactivity of 60 days and a balance less than specific amounts in various currencies will be archived.

Open Tickmill’s Demo or Real Account

Account Types at Tickmill

Tickmill offers three account types: Classic, Pro, and VIP. While all maintain the same execution speed, they differ in spreads, commissions, and minimum deposit amounts.

For a comprehensive understanding of these differences, visit the Tickmill’s accounts overview.

See the account types comparison

Client Area Registration

To register, you need to provide Proof of Address (POA) and Proof of Identity (POI) for individual clients.

Corporate clients need to furnish additional documents like articles of association, certificates of incorporation, and more.

Additional documents might be required based on regional specifications.

Register in the client area

Swaps, Fees, and Charges

Swaps for positions held overnight vary. For FX pairs, Silver, and Gold, triple swap charges are applicable on Wednesdays, whereas for other instruments, it’s on Fridays.

You can check the swap rates within the MetaTrader platform or on Tickmill’s website.

There are no fees on deposits and withdrawals at Tickmill. Furthermore, funds transferred from the trading account should ensure a sufficient free margin.

Open an account with Tickmill

Cryptocurrency Transactions

Additional documents might be required for certain cryptocurrency transactions.

Tickmill does not charge fees for crypto transfers, but Crypto Providers might.

The same crypto wallet and cryptocurrency used for depositing should ideally be used for withdrawals.

Deposit Cryptocurrencies securely to Tickmill

Deposits and Withdrawals

Deposits can be made seamlessly within the Client Area without incurring fees.

Withdrawal requests are processed within one working day. The time required for funds to reflect in your account depends on your bank or card provider’s policies.

Cryptocurrency transaction times can vary, especially if ID verification is needed. Typically, ID verification by a Crypto provider takes 12-24 hours.

Cryptocurrency deposits and withdrawals can be executed in BTC, ETH, or USDT.

Open an account with Tickmill

Other Noteworthy Points

• Your funds at Tickmill are secure, as they comply with the Seychelles Financial Services Authority (FSA) regulations.
• Broker to broker transfers are not supported; only standard payment methods are available.
• The minimum deposit for all accounts stands at $100. For VIP status, a balance of at least $50,000 or 200,000 ZAR is required.
• Cryptocurrency funding availability varies by region. Check the Client Area for eligibility.

In conclusion, Tickmill, regulated by the Seychelles FSA, offers a range of account types and transaction methods tailored to individual and corporate clients. With a commitment to transparency and security, it remains a preferred choice for many in the trading community.

Go to Tickmill’s Official Website

FAQs about Tickmill’s trading accounts

Are trading conditions identical on demo and live accounts?

Yes, trading conditions on both demo and live accounts at Tickmill are the same. However, demo accounts run in a simulated environment, so no slippage occurs. There might also be differences in price updates between the two accounts.

Can I adjust the settings or balance of my demo account?

Absolutely! To modify your demo account’s balance or settings, simply email our Support team with your demo account number and the changes you’d like to make.

What types of accounts does Tickmill offer? How do they differ?

Tickmill offers three account types: Classic, Pro, and VIP. While all have the same execution speed, differences lie in the spreads and commission. For instance, Pro and VIP accounts offer spreads starting from 0.0 pips, while the Classic account’s spread begins at 1.6 pips. The commission structure also varies among these account types. Further information about account types can be accessed on Tickmill’s website.

I forgot my MetaTrader or Client Area password. What should I do?

If you forget your Client Area password, visit the Client Area login page, click the ‘Forgot your Password?’ link below the ‘Login’ button, and follow the reset instructions. For MetaTrader passwords, you can change it within the secure Client Area. For any issues, contact our Client Support team.

What criteria need to be met for an account to be archived?

Accounts can be archived under specific conditions: if the balance is less than or equal to certain amounts (like 50 GBP/EUR/USD or 200 ZAR) and there’s no activity for 60 days (no logins, trades, deposits, or withdrawals), the account is automatically deactivated and archived. Any remaining balance gets transferred to the wallet.

How can I find out about swap rates and when are they charged at a triple rate?

Swaps are charges applicable to positions held overnight. Triple swap charges apply on Wednesdays for FX pairs, Silver, and Gold and on Fridays for other instruments. These cover interest for the weekend when markets are closed. Updated swap rates can be found within the MetaTrader platform or Tickmill’s website.

Are there any fees or specific requirements for depositing and withdrawing in Cryptocurrencies?

While Tickmill has a zero fees policy for transfers to and from Tickmill Wallets concerning Crypto transactions, fees might be imposed by the Crypto Provider(s). Depending on the transaction’s size, you might need to provide additional verification documents. Eligibility for Crypto Deposits and Withdrawals might vary based on regions.

How do withdrawals work at Tickmill, and how fast are they processed?

Withdrawal requests can be made in your Client Area, and Tickmill processes them within one working day. The time it takes for funds to reflect in your bank account depends on your bank’s policy. Withdrawals to bank accounts may take 3-7 working days, while credit/debit card withdrawals might take up to 8 working days.