Tickmill Account Types Overview

Tickmill believes in curating an exceptional trading experience for all users, no matter their level of expertise. With an assortment of trading accounts tailor-made to cater to different trading aspirations, they ensure that every trader finds their match. Dive deep with Tickmill as we explore each account type:

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1. Classic Forex Account: Your Entry into Trading

Dive Seamlessly into the Trading World.

Tickmill’s Classic Account acts as the bridge for traders to initiate their journey, presenting a blend of simplicity and efficiency.

Features & Benefits:

Diverse Trading Instruments:

Engage with 62 currency pairs, leading stocks, prominent indices, oil, precious metals, bonds, and Cryptocurrencies.

Transparent Pricing:

Variable spreads starting from a mere 1.6 pips ensure you understand your costs.

Zero Commissions:

Trade freely with the assurance of no hidden charges.

Rapid Execution:

Tickmill’s technology ensures your orders are executed swiftly and accurately.

Freedom in Strategy:

Whatever your trading style, the Classic account supports it.

Pure Charting:

Experience unaltered market and spread charts without any mark-ups.

Exceptional Trading Conditions:

• Choice of Base Currencies: Choose from USD, EUR, GBP, ZAR to suit your preference.
• Swift Execution: Benefit from NDD market execution averaging at 0.20 seconds.
• Safety Nets: With a Margin Call set at 100% and Stop-out at 30%, protect your investments.

Open Tickmill’s Classic Account

2. PRO Account: The Traders’ Elite

Unlock Advanced Features for an Enhanced Trading Experience.

Tickmill’s PRO Account isn’t just another account; it’s a trading powerhouse for those who know the markets.

Features & Benefits:

Fluctuating Spreads:

Engage in dynamic trading with spreads starting from an unbelievable 0.0 pips.

Ultra-Low Commissions:

A minimal 2 currency units per side per lot ensures cost-effective trades.

Trading Freedom:

Tickmill empowers traders to set stop and limit orders close to market prices, a rarity in the industry.

Selective Zero Commission:

Enjoy commission-free trades on a variety of CFDs.

Exceptional Trading Conditions:

• Currency Flexibility: Choose your base from USD, EUR, GBP, ZAR.
• Rapid Execution: Relish the speed with NDD market execution in a mere average of 0.20 seconds.
• Safety Protocols: Margin Call at 100% and Stop-out at 30% ensure you always trade safely.

Open Tickmill’s Pro Account

3. VIP Account: Luxury Meets Strategy

A Privileged Trading Experience.

The VIP Account is Tickmill’s ode to the high volume traders, providing them with the luxuries they deserve.

Features & Benefits:

Minimum Commission:

With just 1 currency unit per side per lot, it’s trading at its cost-effective best.

Unrestricted Trading:

Place stop and limit orders at your convenience, even adjacent to market prices.

Broad Commission Waiver:

No commission on selected CFDs amplifies your trading potential.

Important:

Ensure a continuous minimum balance to enjoy the VIP perks. Non-compliance might lead to account type adjustments.

Exceptional Trading Conditions:

• Currency Options: USD, EUR, GBP, ZAR are at your disposal.
• Blazing Fast Execution: NDD market execution wraps up trades in an average of 0.20 seconds.
• Risk Management: With a Margin Call at 100% and Stop-out at 30%, your investments are shielded.

Open Tickmill’s VIP Account

4. Islamic (Swap-Free) Account: Ethical and Efficient

Harmonize Your Trades with Your Faith.

Staying true to Tickmill’s principle of inclusivity, the Islamic Account ensures all Muslim traders can trade in alignment with Sharia law.

Key Highlights:

Swap-Free:

No overnight interest, ensuring complete compliance with Islamic principles.

Uniform Trading Conditions:

Experience trading like any other Tickmill account but with a handling fee on specific instruments held for over three nights.

Swift Account Transition:

Converting to an Islamic account is a swift process, ensuring no trading interruptions.

Exceptional Trading Conditions:

• Currency Selection: Trade in USD, EUR, GBP as per your need.
• Seamless Execution: NDD market execution concludes in about 0.20 seconds.
• Investment Safety: A Margin Call at 100% and Stop-out at 30% to always keep your funds secure.
• Demo Account: Practice Makes Perfect

Open Tickmill’s Islamic Swap-Free Account

A Virtual Arena for Real Experience

Step into the world of trading without financial risks. Perfect your strategies, explore new territories, and prepare for the real markets.

What’s in it for you?

1. Live Market Simulation: Real-time market conditions to sharpen your trading tactics.
2. MetaTrader Exploration: Navigate through the vast tools and features of the MetaTrader platforms.
3. Broad Instrument Access: Engage with 180+ trading instruments across diverse categories.
4. Note: Abide by the given guidelines to ensure continuous access to your demo account.

Tickmill stands at the crossroads of innovation and client-centricity. With these account types, Tickmill aims to cater to every trading aspiration. Choose wisely and may your trading journey be prosperous!

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FAQs about Tickmill’s Account Types

1. What are the key features of the Classic Forex Account?

The Classic Forex Account offers a platform to trade CFDs on various instruments, including 62 currency pairs, major stocks, and more. With variable spreads starting from 1.6 pips, it charges no commissions. This account is apt for both novice and experienced traders, with charts that show market and spreads without markups. The minimum deposit requirement might differ based on the base currency.

2. How does the PRO Account cater to experienced traders?

The PRO Account is designed for seasoned traders, offering fluctuating spreads from 0.0 pips and a low commission of 2 currency units per side per lot. Unique to this account, users can place stop and limit orders close to market prices. Also, there are no commissions on trading CFDs on specific instruments, including Stocks and Cryptocurrencies.

3. What sets the VIP Account apart?

The VIP Account is crafted for high volume traders, offering benefits like fluctuating spreads from 0.0 pips and an ultra-competitive commission of just 1 currency unit per side per lot. Like the PRO account, there are zero stop and limit levels. However, there’s a stipulation to maintain a certain minimum balance to enjoy the VIP status.

4. Is there a provision for traders seeking an account that complies with Islamic principles?

Yes, Tickmill provides an Islamic (Swap-Free) Account, which aligns with Sharia law. This account type doesn’t have swaps or rollovers on overnight positions, but may charge a handling fee for holding certain trading instruments for more than three nights consecutively.

5. How quickly can I switch to an Islamic Account?

Requests for transitioning to an Islamic account status are typically processed within 1 business day. After your first request, all subsequent accounts opened at Tickmill will automatically be classified as swap-free.

6. What can I expect from the Demo Account at Tickmill?

Tickmill’s Demo Account provides a risk-free platform to practice trading. It mimics real-time trading conditions, allows users to familiarize themselves with the MetaTrader platforms, and offers access to over 180 trading instruments across various asset classes.

7. Are the trading conditions consistent across all account types?

Yes, all accounts, whether Classic, Pro, VIP, or Islamic, benefit from the NDD execution model, market execution type, and an average execution speed of 0.20 seconds. They also have a Margin Call at 100% and a Stop-out at 30%.

8. Are there any specific instruments that come with zero commission for the PRO and VIP accounts?

Absolutely, for both PRO and VIP account holders, there are no commissions charged on CFDs pertaining to Stocks, Stock Indices, Cryptocurrencies, Oil, and Bonds.