Tickmill

The first thing to do on the UK version of the site is to select Forex & CFDs Account or Futures Account. Further registration is the same for all versions of the site. It is important to note that registration for U.S. citizens is prohibited. To register you must:

• Specify the type of client;
• Provide personal information – first name, last name, date of birth;
• Sometimes you will also be given a choice of legal entity under FSA or FCA regulations;
• Country of residence;
• Contact information – phone number and e-mail.

Then comes the next stage of registration, where you need to specify the following information:

• Country of residence, city, full address along with zip code, and nationality;
• Level of education and employment status;
• Description of work experience in the financial sector;
• Experience in forex trading;
• Your level of knowledge in CFD investing;
• Then you have to create your own password to enter the personal cabinet and tick the boxes to confirm that you read the user agreement. It includes commercial terms of work, as well as a warning of the risks.

At the final step, you must be verified. You must upload scans or high quality color photos of documents such as a passport (main page and page with the registration), and a receipt confirming payment of utilities for the last 3 months. This procedure takes up to 2 days. In fact, you can identify yourself later – when you withdraw funds. However, it is not safe, because if you can not pass the verification (this sometimes happens), all the money invested will be lost. It will be impossible to get them back to your bank account. In addition, sometimes Tickmill employees ask to re-verify. Then you can Tickmill login.

Types of accounts provided by the platform

The company offers three basic Tickmil account types. The type of account is determined by the amount deposited. The minimum deposit amount is $100, or the equivalent in euros and pounds sterling. For beginners who are just beginning to get acquainted with the exchange market, the “Classic”  is the right choice. For experienced traders, the Pro account is offered, and for professionals there is a VIP-account. You can get Vip only with a balance of at least $50,000. In this respect, the gradation is standard, and does not differ from other brokers. The company offers three Tickmill account types:

• Classic. This type of account is suitable for those who use trading strategies that do not depend much on the speed of order execution and spread level. The minimum spread is 1.6. Classic account holders should not trade during hours of high volatility, because high spreads can increase even more. The minimum deposit amount is $100. Leverage is 1:500.

• PRO. An account for more experienced traders who are interested in additional professional benefits. Spread from 0 pips. Minimum deposit and trading leverage remain at the same level. For this account a commission of 2 currency units per side per 100,000 traded (0.0020% notional) is charged, which is paid in both directions. That is, the full commission per transaction is 4 currency units. But CFDs and bonds are not subject to this rule. Although the broker promises low spreads, they can reach 10-100 pips on unpopular assets.

• VIP. An account with special conditions for large traders. Available for deposits over $50,000. Spread from 0 pips. The broker’s commission is 1 currency unit per side per 100,000 traded (0.0010% notional). Most spreads are low even on unpopular financial instruments. The maximum level of leverage is 1:500.

One trader can have several accounts under his name, but provided that the accounts are registered in accordance with the requirements of the company (simultaneous registration is available – one from the UK and one from the Seychelles). It is better to discuss each situation in advance with the specialists from the contact center. As a rule, multiple registrations lead to the blocking of accounts and funds in trading accounts.

In addition to accounts for real trading, the broker offers a Tickmill demo account. It has the same functionality as the real one, but all transactions take place with virtual currency, which means the user has nothing to lose. The client can test the tools and selected strategies, which will help hone their skills without the slightest risk. The user can practice and test strategies on almost all types of available assets. For a demo account to be active, it is necessary to log in to the Tickmill test account at least once every 15 days.

Welcome Bonus

If you want it, sign up for the promotional banner in the “Promotions” section. A client who opens an account through the standard registration form will not receive a $30 Tickmill bonus. Funds are received automatically immediately after approval of the application. The validity period of the bonus is 90 days – at the end of the period the funds will be written off, and the remaining profits from the Tickmill bonus will be available for withdrawal within a month. It is not possible to withdraw money from the welcome account. The transfer to the account “Classic” or “Pro”, opened and replenished for $ 100 is allowed. If the trader misses the withdrawal deadline, the money will become the property of the company.

Methods of deposit and withdrawal of funds, fees for these services

The minimum amount that can be deposited in a newly opened trading account is $100. One of the first disadvantages of the company is a small selection of options for a deposit. The company provides an opportunity to deposit and withdraw funds in several ways:

• bank transfer;
• Visa/Mastercard transfer;
• international system Skrill.

The list of options for money transactions is limited due to the fact that all transfers are seriously monitored by financial regulators.

The fee is charged only by payment systems, as well as the client’s bank. The broker himself does not withhold any commission either for deposit or withdrawal. In the case of a bank transfer, commissions are compensated for transfers of $5,000 or more up to $100. To do this, the participant must send a copy of the supporting document to the support service, after which all costs will be reimbursed. It is worth noting that the actions described should be carried out within a month. In the absence of trading activity, the broker has the right to revoke the compensation. As a rule, the money is deposited instantly, although the bank transfer can take up to one business day.

With regard to the withdrawal of funds, the minimum amount is 25 dollars. The money arrives within one business day. There is no withdrawal fee at the broker, but the bank can charge it independently. As with almost all other brokers, withdrawal is possible only to the payment system that was used for a deposit. In addition, the broker has established certain rules for payment transactions. So, when depositing by plastic card withdrawal is available only for the amount that has been transferred. The rest of the profit can be withdrawn by other methods. The broker does not allow to carry out any financial operations using third-party payment details. The card, bank account, and e-wallet must belong to the registered trader.

It is also important to note that all payments are only in USD, EUR, and GBP. However, customers can also make deposits in other currencies. The conversion will take place automatically according to the current exchange rate, the value of which can be found on the company’s website.

Tickmill trading conditions, how to use tickmill

Tickmill offers the following trading instruments:

• 62 currency pairs, including majors and minors, with negative swaps. This means that if a trade is carried over to the next day, the trader is charged a percentage. This does not happen at the close of the transaction on the same day;
• More than 14 stock indices;
• Precious metals. You can buy gold or silver;
• German Government Bonds. It is possible to make transactions from 1 to 10,000 contracts with zero commission;
• Cryptocurrencies;
• Stocks. No commissions, dividend payments, where provided, leverage 1:20.

As you can see, the list of trading assets is not an advantage of broker Tickmill. If you want to use other types of instruments for making money, we recommend paying attention to more famous companies.

How does tickmill make money? The company works on a system of market order execution. This means that the price of an instrument can change between the time an order is submitted and the time it is processed. If the client wants to avoid this, it is possible to use limit orders, which are processed at a speed of 0.1 second.

For trading, the broker provides Tickmill MT4, MT5, and WebTrader platforms. The programs are available both on a desktop computer and on a mobile gadget, which is especially important for active traders who can constantly monitor the market situation from anywhere with Internet access. You can find the tickmill mt4 download link on the website of the broker. The broker offers its clients to use additional tools to improve the efficiency of work on the financial markets. Let’s consider them in more detail.

• Myfxbook Auto Trade is a social trading network. By connecting to it, users are able to copy contracts of other market participants. If you want to work with this service, please note that it is only available to traders of Tickmill Ltd (regulated by the FSA). To use the service, you need to register on the official Tickmill website and connect to the Myfxbook service;
• Autochartist is a tech analysis service. The plugin analyzes quotes, patterns and gives a forecast about the price of an asset. Due to the filtering of a large amount of data, the signals help to close trades on the plus side. For traders on a Tickmil demo account the information comes with a delay of 5 candles;
• VPS for trading. The service helps you profit from autotrading, in the absence of access to a computer. Customers are offered a 20% discount on all VPS packages from BeeksFX, the provider of this service. But in fact, this is not too interesting offer, because the servers themselves are a bit overpriced, so with a discount from Tickmill, you get servers for about the same price as in MyForexVPS, say, without a discount;
• Specialized plugin for opening trades in one click. The option reduces the time to open orders. Traders can make trades, close positions, hedge trades, see profits and losses, place Take-profit and Stop-loss, and so on, all in a single click.
• A calendar of political events and economic news. Allows you to follow important economic events and indicators. The tool allows you to plan trading activities. All news is ranked by importance. The most important ones are indicated by the red indicator.
• Tickmill forex calculators – currency converters, margin calculators, etc. Allows you to quickly and correctly calculate currency conversion, margin, and other important indicators. Using the service is easy, just enter the desired values in the appropriate fields and click on the “Calculate” button.

The size of the swap is calculated according to a complex formula based on the state of the market and can change from negative to positive. On the night of Wednesday to Thursday (GMT), swaps for positions in currency pairs, silver and gold increase threefold. For other instruments, a triple swap is charged on positions that are held on Friday-Saturday night. These swaps cover the interest for Saturday and Sunday, when markets are closed. Keep this in mind when forming your position.

Spreads are not fixed and start at 0.0 pips for Pro and VIP Tickmill account types. For the Classic account, the spreads start at 1.6 pips. Keep in mind that there are no commissions on this type of account, which means that the trading costs are built into the spread. The website also states that spreads can widen significantly during market openings and closings, so be mindful of that.

Tickmill promotions and bonuses

• Trader of the month. Every month the company determines the best trader for the greatest number of executed orders. The prize for winners in this category is $1,000. When selecting a winner, not only good profit margins are taken into consideration, but also financial and risk management skills.

• NFP Machine. Held weekly on the platform. The essence of the contest is that during each week NFP-broker chooses one instrument and offers traders to guess its value. The client who guesses the price of the asset will receive a reward of $500 to his personal account. If none of the participants could not guess the exact value, the trader who was closest to the number is chosen. He gets a prize of $200. The contest is available only to those traders who have chosen to be regulated by the FSA from the Seychelles.

• IB Contest. For the greatest number of affiliate transactions, the client becomes a contestant with a prize fund of 120 thousand dollars. The client who will be in first place will receive a prize of $10,000. The Contest is only available for clients of Tickmill Ltd. and Tickmill Asia.