Basic Tickmill information for new traders

Basic Tickmill information for new traders

Tickmill's flawless rating is due to its safe trading environment, excellent trading conditions, several account kinds, outstanding customer assistance, and extensive training material.

Forex traders can trade majors, minors, and exotics. EUR/USD has a 0.1-pip spread and 0.20-second execution time. Here's more.

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Tickmill offers stocks and indexes. The platform offers access to 14 indices, low spreads, and up to 1:100 leverage, depending on the company and customer categorization.

On Tickmill's website, traders may view trading hours and spreads. MT5 allows individual stock trading. Over 100 stocks are commission-free. Shorting stocks at 1:20 leverage yields dividends.
 

Tickmill lets dealers trade gold and silver during inflation and recessions. Traders can use MT4 or MT5 for trading precious metals, with spreads from 0 pips.

All the platform's regular trading techniques are accessible for precious metals with leverage up to 1:500 depending on the company and customer classification.
 

Gold and silver trading is available 24 hours a day, five days a week, like forex. If you predict a stock market fall but dread shorting, consider the bond market.

Bear markets frequently boost bonds. Tickmill lets traders speculate on bond appreciation or depreciation with 0 pip spreads.
 

The site enables trading in seven bonds (German bonds included) with leverage up to 1:100. Cryptocurrencies are a new asset class that may be exchanged for less.

Eight cryptocurrencies are available, including Bitcoin, Ethereum, and Litecoin. 24/7 trading with 1:200 leverage, 0 swaps, and 0 commission fees.
 

Tickmill's crypto trading platform gives news sentiments on each coin, showing if the market is optimistic or bearish.

Accounts/platforms

Classic, Pro, and VIP accounts are available. Minimum deposits and margins varied between accounts.

Classic and pro accounts demand a $100 minimum deposit, however Classic spreads start at 1.6 pips with no commission.
 

On the Pro account, certain currency pairings have 0 pips spread but $2 per side per 100,000 exchanged in commissions.

VIP accounts require a $50,000 balance. Commissions start at $1 per side for 100,000 transacted, with spreads at 0 pips.

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Depending on entity and client classification, the maximum leverage is 1:500. The VIP account is for advanced traders who want to trade significant sums.

Beginner traders can use a demo account, and pros can use advanced tools and indicators to better technical analysis.
 

Traders can choose between MetaTrader 4, 5, WebTrader, and MetaTrader for Mac. Mobile traders can download the software from Google's PlayStore or Apple's App Store.

An Islamic account has all Classic, Pro, and VIP features. Sharia law is followed. Swap-free accounts have no overnight rollover or swap interest.
 

Having more than three instrument positions open overnight incurs fees (including weekends). USD, EUR, GBP are base currencies. Retailers have 100% margin call and 30% stop out.

Deposits and Withdrawals

  • Tickmill Wallet deposits and withdrawals are free.
     
  • Bank transfers, Neteller, Skrill, UnionPay, cards, and STICPAY, can fund an account. 
     
  • Tickmill's zero-fee policy covers bank transfers exceeding $5,000 to $100. 
     
  • Credit cards and Skrill are instant.
     
  • $25 minimum withdrawal. It's in your wallet's base currency and processed within a day. 
     
  • No withdrawal fees.

Education and Tools

Trading language and technical indicators overwhelm some newcomers. Tickmill's free educational content reduces traders' nervousness.

Weekly free webinars are offered in English, Spanish, Italian, and German. Traders can watch Tickmill's webinars on YouTube. Professional traders present market insights and answer questions in webinars.
 

Download free booklets or watch videos to learn sophisticated indicators like Fibonacci or risk management. Traders and those starting a brokerage are helped by several themes.

Video tutorials include trading basics, psychology, tactics, indicators, platforms, and crypto trading. Tickmill's social trading strategies* focus on selecting the right signals group to set entry, take-profits, and stop-losses.
 

Articles on technical and fundamental asset analysis are also available. Tickmill offers products like Autochartist, which identifies chart patterns and predicts price moves.

Copy trading can help beginners put up tactics or traders without the time to analyze charts. With copy trading, you imitate a trader's trades and trade if they're profitable.

 

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