Choosing the right broker account is crucial for any trader, regardless of their experience level. Tickmill is a well-regarded CFD and Forex broker, that offers a variety of account types designed to cater to diverse trading styles and needs.
This Tickmill account comparison guide explores the key features of Tickmill’s Classic, Raw, and Tickmill Trader Raw accounts. It highlights their unique advantages and helps you determine which option best aligns with your trading goals and objectives.
Overview of Tickmill trading account options
Tickmill offers several account types to cater to different trading styles and experience levels, similar to other brokers featured in the top 10 regulated forex brokers in the world. The 3 primary options are as follows.
- Classic account
- Raw account
- Tickmill trader raw account
Classic account
This Tickmill Classic account is designed to be beginner-friendly with competitive fixed spreads, making it a strong candidate for the best Tickmill account for beginners. It is suitable for various trading styles and provides access to popular platforms like MetaTrader 4 and MetaTrader 5.
- The Tickmill classic account is an excellent starting point for traders, requiring a minimum deposit of just 100 USD.
- It is available in various base currencies like USD, EUR, GBP, and ZAR. It offers competitive fixed spreads starting from 1.6 pips.
- With a generous maximum leverage of 1:1000 and the ability to trade with micro-lots 0.01, it caters to both beginners and more experienced traders.
- Importantly, the classic account operates with zero commissions, making it a cost-effective option for many.
- You can easily open a Tickmill trading account and start trading across a wide range of strategies and instruments, including EUR/USD, and access swap-free Islamic accounts for clients who require them.
Raw account
The Tickmill Raw account caters to experienced traders who prioritize tight spreads. Spread starting from 0.0 pips, these spreads are among the most competitive in the industry.
- This account offers trading with base currencies including USD, EUR, GBP, and ZAR.
- It requires a Tickmill account minimum deposit of 100 USD.
- A commission of $3 per lot per side applies, as explained in the detailed Tickmill fees and commissions breakdown.
- With a maximum leverage of 1:1000 and support for all trading strategies, including swap-free Islamic accounts, the raw account empowers experienced traders with powerful tools.
Tickmill trader raw account
The Tickmill trader raw account is considered the pro-level account among the options and suits traders seeking a Tickmill professional account review.
You can trade effortlessly from your smartphone with an intuitive proprietary platform. This account enhances security with convenient face recognition iOS and fingerprint Android login options.
You can seamlessly transition between demo and live accounts within the app for a truly convenient trading experience.
- It offers competitive spreads starting from 0.0 pips, allowing for potentially high profitability.
- With a minimum deposit of 100 USD, it is accessible to a wide range of traders.
- This account supports a variety of base currencies, including major ones like USD.
- It provides a high leverage of 1:1000 and allows for micro-lot trading, making it suitable for different trading styles and risk appetites. A commission of $3.5 per lot per side applies.
Comparison of Tickmill broker account types
This table provides a comparative overview of Tickmill’s three main account types, helping traders evaluate Tickmill Classic vs Raw account options.
| Tickmill account types | Classic account | Raw account | Tickmill trader raw (pro) account |
|---|---|---|---|
| All strategies allowed | Yes | Yes | Yes |
| Available base currencies | USD, EUR, GBP, ZAR | USD, EUR, GBP, ZAR | USD |
| Commissions | Zero commissions | $3 per lot per side | $3.5 per lot per side |
| Trading platform | MT4 and MT5 | MT4 and MT5 | MT4, Tickmill trader, and MT5 |
| Maximum leverage | 1:1000 | 1:1000 | 1:1000 |
| Minimum lots | 0.01 | 0.01 | 0.01 |
| Minimum deposit | 100 of your base currency | 100 of your base currency | 100 of your base currency |
| Spreads | 1.6 pips | 0.0 pips | 0.0 pips |
| Swap-free Islamic account option | Yes | Yes | Yes |
Additional account options
In addition to the core account types, Tickmill offers valuable supplementary options. They are given below.
Tickmill demo account
- The Tickmill demo account provides a risk-free environment to refine your trading skills and explore the markets, as covered in our Tickmill demo account review.
- These accounts mirror live trading conditions, allowing you to test strategies.
- It utilizes the full range of MetaTrader platform features and accesses a diverse selection of 180+ instruments across 6 asset classes like Forex, Stocks, Indices, Commodities, Bonds, and Cryptocurrencies all with virtual funds.
- You can open up to 7 demo accounts to experiment and build your trading confidence before attempting live trading.
Tickmill Islamic account
- Tickmill offers Islamic accounts that comply with Sharia law by eliminating overnight interest swaps on positions.
- These accounts are available for both classic and raw account types with minimal changes to trading conditions. A small handling fee applies for holding certain instruments overnight.
- Tickmill’s dedicated client support team will process your Islamic account request within one business day and notify you via email, with subsequent accounts automatically classified as swap-free.
- You can benefit from exceptional trading conditions, featuring available base currencies like USD, EUR, and GBP, a hybrid execution model with market execution type, an average execution speed of 0.20 seconds, and a margin call / stop-out level of 100% / 30%.
Tickmill VIP account
- Tickmill has significantly reduced commissions for VIP accounts. Now, Tickmill offers ultra-low rates of just $1 per side per $100,000 traded, saving clients up to 37.5%.
- By lowering commissions for VIP accounts, Tickmill reinforces its commitment to providing exceptional value to its clients.
- By combining tight spreads and fast execution, empowers traders with lower costs, increased profitability, and the ability to optimize their trading strategies.
Need assistance?
Tickmill provides excellent 24/5 customer support to assist you throughout your trading journey. You can reach Tickmill through the following channels.
- Phone: +852 5808 7849
- Email: [email protected]
- Live chat: Available for real-time assistance
- FAQs: Browse an extensive collection of frequently asked questions
Conclusion
By carefully considering your trading style, experience level, and risk tolerance, you can select the Tickmill account that best aligns with your unique needs. Tickmill offers a diverse range of options, including classic, raw, and Tickmill trader raw, catering to beginners, experienced traders, and mobile enthusiasts.
Pro Tip
New traders should start with the Tickmill Demo Account before choosing between the Classic and Raw accounts. This helps you compare trading costs, spreads, and platform features without risking real money.
Frequently Asked Questions
1. Which Tickmill account is best for beginners?
The Tickmill Classic Account is generally best for beginners because it offers commission-free trading and a simple pricing structure.
2. What is the minimum deposit for Tickmill?
Most Tickmill account types require a minimum deposit of $100 or the equivalent in your base currency.
3. Does Tickmill offer demo accounts?
Yes, Tickmill offers free demo accounts that allow traders to practice with virtual funds before opening a live account.
4. What is the difference between Classic and Raw accounts?
The Classic Account has no commission but wider spreads, while the Raw Account offers spreads from 0.0 pips with a commission per trade.
5. Can I switch account types on Tickmill?
Yes, traders can open additional account types through the client area and choose the account that best suits their trading needs.
