Open Tickmill account. Table of Contents

How-to-open-Tickmill-FX-Trading-Account---Guide-For-Investors

How to open Tickmill’s FX trading account?

You can open an account efficiently and securely in the client area. Click here to open an account.

Once you complete the registration, you will receive login credentials from Tickmill.

By using the credentials, you can log in to Tickmill’s client area and start your operation.

You can reset the password of your MT4 account in the client area. For further assistance, please contact Tickmill’s support department.

If you have forgotten the password for Tickmill’s client area, please go to the login page of the customer area, click the “Forgot your password?” link under the login box, and then follow the prompts to obtain a new password. For further assistance, please contact Tickmill’s support department.

Open an account with Tickmill

Types of accounts Tickmill offers

Tickmill provides three account types: classic account, professional account (Pro), and VIP account. The execution speed of all accounts is the same.

The differences in account types are:

Point difference:

The spread between professional accounts and VIP accounts starts at 0.0 pips, while the spreads for classic accounts start at 1.6 pips.

Handling fee:

Classic account, no handling fee.

For professional accounts, Tickmill charges a unilateral 2 (0.0020%) handling fee per lot. For example: if you trade 1 lot of EUR/USD and its contract size is 100,000 EUR, your commission will be 2 EUR for one side and 4 EUR for both sides.

For VIP accounts, Tickmill charges a one-sided handling fee of 1 (0.0010%) per lot. For example: if you trade 1 lot of EUR/USD with a contract size of 100,000 EUR, your commission will be 1.0 EUR for one side and EUR 2.0 for both sides.

The minimum deposit for professional accounts and classic accounts is 100 USD/EUR/GBP/PLN.

The minimum balance of a VIP account is 50,000 USD/EUR/ GBP/PLN.

You can find more information about Tickmill’s account types in the Account Types section of Tickmill Official Website.

Go to Tickmill’s Official Website

Tickmill’s Demo account with virtual funds

The trading conditions are the same. However, please note that the demo account runs in a simulated environment, which means that there will be no slippage, and the price update may be different from the real account.

If you need to modify the settings of the simulated account, please email the support department to provide your simulated account and modify the request, and Tickmill will handle it for you.

If you want to modify the balance of your demo account, email the support department to provide your simulated account and the balance you wish to modify, and Tickmill will handle it for you.

You can make multiple MT4 works at the same time. To do this, you need to install the MT4 platform multiple times in different locations (folders) on your hard drive.

Open a demo account with Tickmill

What documents are required by Tickmill?

To register for the personal customer area, you must submit proof of address (POA) and identification (POI) documents. To register for the corporate customer area, you must submit:

  1. Articles of incorporation, identification documents, and proof of personal and company addresses.
  2. Company registration certificate or company registration card (address, legal representative, and registration data must be provided).

You may provide other documents (offshore:) according to the requirements of the country/region, beneficiary, etc.

For example:

  1. Company registration certificate;
  2. Articles of Association;
  3. Memorandum of Understanding;
  4. Proof of good reputation;
  5. Certificate of employment/member list;
  6. The audited accounts of the previous year”.

Contact Tickmill’s Support Team

Get Access to Tickmill’s Trading Platforms

Tickmill provides one of the most popular and easy-to-use platforms- MetaTrader 4, which is available for Windows, Mac OS X, iOS, and Android. In Tickmill, you can also use Tickmill’s web platform to trade through a browser without installing any software.

Tickmill provides you with a native Mac version of the MetaTrader 4 platform, which is almost equivalent to a regular Windows application. You can download it here.

Tickmill does not provide multi-terminal MT4. If you want, you can install multiple MT4 platforms to different folders. Please download the MT4 platform from Tickmill’s Official Website.

Click Next on the first screen, then it will install MT4 to the default folder without asking.

On the first screen, there will be the next step, cancel and set. You need to click “Settings” to change the default folder settings. Then, the system will provide the option to change the default installation directory.

Download Tickmill’s MT4 platform for free

How to transfer money to Tickmill’s trading account?

You can easily deposit funds in the customer area through the deposit and withdrawal methods Tickmill supports. Tickmill does not charge a handling fee for deposits.

For classic accounts and professional accounts, the minimum deposit amount is $100. For VIP accounts, the minimum deposit amount is $50,000.

Tickmill implements a zero handling fee policy, and there are no handling fees for deposits and withdrawals.

Tickmill does not support transfers between dealers, only standard deposit and withdrawal methods.

Log in to Tickmill’s client portal

How to withdraw money from Tickmill’s trading account?

To withdraw money from Tickmill’s accounts, log in to the customer area, fill in the withdrawal application form and submit it. Tickmill does not charge a handling fee for withdrawals.

Tickmil will process all withdrawal requests within one business day.

Tickmill processes all withdrawal requests within 1 business day. The time it takes for funds to reach your bank account depends on your bank policy. Wire transfer withdrawals may take 3-7 working days to reach the customer’s bank account. Credit/debit card withdrawals may take up to 8 working days to reach the customer’s bank account.

It is possible to withdraw funds while you still have open positions in your account.

However, at the moment when the withdrawal is processed, your available margin must be greater than the specified withdrawal amount, including all fees. Free margin = equity-used margin (used to maintain open positions).

If your trading account does not have enough free margin, Tickmill will not process your withdrawal request. Until you submit the withdrawal application form for the correct amount, and/or close your open positions.

Tickmill’s policy is to process your withdrawal in the same way as your deposit. For example, if you deposit with a credit card, Tickmill will refund the equivalent amount of the deposit to your credit card. The profit part can be paid to the account of other payment methods consistent with your own name according to your requirements.

Go to Tickmill’s Official Website

Tickmill supports NBP (Negative Balance Protection)

Traders who use the most leverage face the risk of negative balances.

For example: Suppose you have 200 USD in your account, and you open 1 lot USDJPY* on Friday night with a leverage ratio of 1:500 and a margin of 200 USD.

On Sunday night, the market opening price is 30 points higher than the Friday closing price. The obvious market conditions are not good for you, so your position will immediately lose 30 points x 10 USD = 300 USD loss, and your account only has 200 USD .

The position will be automatically closed, and your negative account balance will be -100 USD. When a trader uses 1:1 leverage, this situation is 100% impossible. The higher the leverage a trader uses, the greater the risk they take. Please also note that due to slippage during periods of high volatility, negative balances may occur.

Tickmill provides negative balance protection for all customers. If a negative balance is caused by fraudulent purposes or market abuse, the company can choose not to grant negative balance protection.

In addition, Tickmill’s risk department will continue to monitor customers’ risk exposure. If Tickmill finds that customers are irresponsible for their transactions, Tickmill will notify customers via email and ask them to carefully consider transactions in order to reduce risks. In addition, Tickmill may reduce the leverage of client accounts.

Find out more about Tickmill’s NBP

Tickmill’s Spread and Trading Cost

provide floating spreads for all account types- classic accounts, professional accounts, and VIP accounts.

The spread of the classic account starts at 1.6 points, and there is no handling fee.

The spread between the professional account and the VIP account starts at 0.0 pips, and there is a small handling fee.

You can check Tickmill’s spreads here or on the MT4 platform.

Before the market opening and closing time and before the announcement, the market spread may increase significantly. Therefore, you must ensure that there are sufficient funds in your account to deal with such incidents.

Find out more about Tickmill’s trading cost

Trading Commissions on each position

Classic account, no handling fee. For professional accounts, the handling fee is 2 base currency units unilaterally.

For VIP accounts, the handling fee is 1 base currency unit per side.

The VIP account has 1 base currency (0.0010% of nominal value) per side per lot.

E.g,

If you trade 1 lot of EUR/USD (1 lot = 100,000 euros), the handling fee is 1.0 euros for one side and 2.0 euros for both sides.

If you trade 1 lot of GBP/USD (1 lot = 100,000 GBP), the handling fee is 1.0 GBP for one side and GBP 2.0 for both sides.

If you trade 1 lot of AUD/USD (1 lot = AUD 100,000), the handling fee is AUD 1.0 for one side and AUD 2.0 for both sides.

If your account currency is US dollars, then 2.0 euros, 2.0 pounds, and 2.0 Australian dollars will be automatically converted to US dollars.

Professional accounts have 2 base currencies (0.0020% of nominal value) per one-hand side.

E.g,

If you trade 1 lot of EUR/USD (1 lot = 100,000 Euros), the handling fee is 2 Euros for one side and 4 Euros for both sides.

If you trade 1 lot of GBP/USD (1 lot = 100,000 pounds), the handling fee is 2 pounds for one side and 4 pounds for both sides.

If you trade 1 lot of AUD/USD (1 lot = AUD 100,000), the handling fee is AUD 2 for one side and AUD 4 for both sides.

If your account currency is U.S. dollars, then 4 Euros, 4 British Pounds, and 4 Australian Dollars will be automatically converted to U.S. dollars.

Find out more about Tickmill’s commission

Condition of Margin Call and Stop Out of Tickmill

Tickmill’s margin call/forced liquidation ratio is 100%/30%

If your account funds fall to the same level as the margin ratio required for existing positions, your account will receive a margin call. For example, if you have an open position in Euros and USD, the margin for holding this position is 200 Euros. When you open an account, you deposit 400 euros into the account. If the price moves in the opposite direction of your bet and your account equity drop to 200 euros, you will receive a margin call. But your position will not be closed yet. When your account equity drops to 30% of the required margin, the system will immediately force liquidation. Using the above example, if you create a position with a margin of 200 euros when the account equity drops to 60 euros, the system will force the position to be closed. If you have created multiple positions, the system will close the position with the largest loss. If the net value of your account reaches more than 20% of the required margin after the position is closed, the other positions will remain open.

Find out more about Tickmill’s margin call and stop out

How is margin call processed on Tickmill MT4?

Unfavorable price changes may cause a margin call and subsequently trigger a forced liquidation. If market conditions are not favorable to you, Tickmill will set a forced liquidation level to reduce your maximum loss. This means that Tickmill will set a threshold for the margin ratio, below which the position will be automatically closed. This value is set to 30% of the margin.

For example, based on a margin of 100, if the net value reaches 30 or lower, the position will be automatically closed*. In short, once your account’s net assets fall below 100% of the initial margin required to establish an open position, MT4 will change the color to a red reminder, indicating that you are close to the margin call notification, and once your Account equity is less than 30% of the margin requirement (depending on the entity and customer classification), the system will start to close your trades one by one with the largest loss orders.

*Net value: defined as the sum of the net profit and loss of the client’s open positions and the client’s account balance.

Go to Tickmill Official Website

Conditions of Swap Points (Overnight Interest)

Tickmill updates the overnight interest rate according to the exchange rate given to Tickmill by the counterparty, and we recommend checking the overnight interest value regularly in the MT4 platform.

You can check the overnight interest through Tickmill Official Website. You can also log in to the MT4 trading platform to view the overnight interest, select the menu: Display>List of trading types>Select the type to be viewed>Properties

There are two types of positions: buy and sell. You must consider the inventory fee for buying a single period (for long positions) and the inventory fee for selling a single period (for short positions). The overnight interest is charged at 00:00 platform time.

Find out more about Swap Points of Tickmill

Swap Points are tripled on Wednesdays

Triple overnight interest applies to foreign exchange currency pairs, silver and gold positions held overnight on Wednesday. For other varieties, triple overnight interest applies to holding positions overnight on Friday. This is a standard practice in the foreign exchange industry.

When the market closes, these swap transactions cover Saturday and Sunday interest. All overnight interest is calculated based on the quote currency.

If you open a 1-lot long position in EURAUD, the overnight interest charge will be -14.11 Australian dollars. If you open the same position on Wednesday and hold the position until the next day, the overnight interest will be -14.11 * 3 Australian dollars.

If the account currency is U.S. dollars, then Tickmill must use the AUD/USD spot exchange rate to convert the above amounts into U.S. dollars.

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What happens to inactive/dormant accounts?

It is not possible to archive the account. If the account balance does not exceed $10 and you do not log in within 90 days, the account will be automatically archived by the system and will no longer be displayed in the customer area.

You can close your account, but according to relevant laws, Tickmill will save your data and keep the files for at least 7 years.

If your trading account balance does not exceed $10 and you do not log in within 90 days, the account will be automatically archived by the system and will no longer be displayed in the client area.

Contact Tickmill Support Team

When you can trade with Tickmill?

Forex trading 5 days a week, 24 hours a day, you can trade from 00:02 on Monday to 24:00 on Thursday and 00:00 to 23:58 on Friday (MT4 server time), please see here for details.

The server time is GMT + 2, and during the summertime in the United States and Europe, it is GMT + 3.

You can also check the trading time in your MT4 platform (Market Watch>Right-click on the trading variety>Specifications).

Note: The trading hours are subject to change without notice. Liquidity providers may adjust the trading schedule as needed based on market conditions.

Check out the trading hours of Tickmill MT4

Why Tickmill is so popular?

Tickmill provides high-quality trading products and services with innovative technology at a glance.

Tickmill (the commercial name of Tickmill Ltd) is a member of the Tickmill Group regulated by the Seychelles Financial Services Authority (FSA).

Tickmill has a good financial performance record and stable growth record. As a trusted market leader and innovator, its position is enviable.

Formed by traders and built for traders, Tickmill’s team members have trading experience up to the 1980s and have successfully traded in all major financial markets from Asia to North America.

Tickmill’s mission is to provide an outstanding trading environment for retail and institutional clients around the world so that they can fully realize their potential.

Excellent trading conditions
Using more than 80 tools, the spread is as low as 0.0 points, and the lowest handling fee in the market.
Superfast execution
Tickmills prides themselves on providing the fastest execution time in the industry-0.20 seconds on average, no need to re-quote.
Allow all strategies
Use almost all trading strategies to trade the world financial markets, including EAS, hedging and scalping.
Security of client funds
Client funds are deposited in separate accounts of top banks, and negative balance protection is also provided.
Pilot technology
All of Tickmill’s trading platforms use innovative technology and advanced features to meet the ever-changing needs of customers.
Professional support
Tickmill’s team of multilingual professionals is always on standby to ensure you get expert support in a timely manner.

Go to Tickmill Official Website

Tickmill’s Licenses and supervision

The group’s companies are regulated in some of the most famous financial jurisdictions in the world.

Seychelles Financial Services Authority (FSA)
Tickmill Ltd, as a securities dealer, is regulated by the Seychelles Financial Services Authority.
British Financial Conduct Authority (FCA)
Tickmill UK Ltd is authorized and supervised by the Financial Conduct Authority of the United Kingdom.
Cyprus Securities and Exchange Commission (CySEC)
Tickmill Europe Ltd as CIF Co., Ltd., by the Cyprus Securities Exchange Commission (CySEC) is authorized and regulated.
Labuan Financial Services Authority of Malaysia (Labuan IBFC)
Tickmill Asia Ltd is regulated by the Labuan Financial Services Authority of Malaysia (Labuan FSA).
South African Financial Sector Conduct Authority (FSCA)
Tickmill South Africa (Pty) Ltd is authorized and supervised by the Financial Sector Conduct Authority (FSCA).
MiFID II
The EU Financial Instruments Market ( MiFID II ) Directive 2014/65/EU provides a unified regulatory system for the provision of investment services in the European Economic Area. The main goals of the directive are to maximize efficiency, improve financial transparency, encourage competition and provide greater consumer protection. MiFID II allows an investment company to provide investment and ancillary services in another member country and/or a third country (provided that the investment company’s authorization covers such services).

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Compensation Funds for Investors of Tickmill

Tickmill Ltd is authorized and regulated by the Seychelles Financial Services Authority (FSA). Therefore, Tickmill’s internal system complies with FSA regulations, which means that your funds are stored in segregated accounts and are protected.

1. Financial Services Compensation Scheme (FSCS)

Tickmill UK Ltd is a member of the Financial Services Compensation Scheme (FSCS). The Financial Services Compensation Plan was established in accordance with the Financial Services and Markets Act 2000. It is an independent compensation fund and the last choice for customers of British financial services companies. If a company cannot or may not be able to pay its claims if it ceases trading or declares a breach of contract, the goal of the Financial Services Compensation Program is to pay each customer a compensation of no more than £85,000.

Find out more about Financial Services Compensation Scheme (FSCS)

2. Investor Compensation Fund (ICF)

Tickmill Europe Ltd is a member of the Investor Compensation Fund ( ICF ). The Investor Compensation Fund is an investor compensation fund for CIF clients established in accordance with Article 59 (1) and (2) of Law 144(Ι)/2007. Its functions are regulated by the Cyprus Securities and Exchange Commission’s Directive DI87-07. The goal of the fund is to ensure that the insured customers make claims against the investor compensation fund members by paying compensation for any claims arising from the failure of the fund members to perform their obligations.

Find out more about Investor Compensation Fund (ICF)

Tickmill is an Award-Winning Broker

Tickmill is part of a global group of companies (Tickmill Ltd, Tickmill UK Ltd, Tickmill Europe Ltd, Tickmill Asia Ltd, Tickmill South Africa (Pty) Ltd). Each company is responsible for its key areas of foreign exchange business (including but not limited to customers). Service and support, trading conditions, and technology) have won many prestigious awards for their outstanding performance and leadership.

The continuous support of Tickmill’s customers and the hard work of Tickmill’s employees are the driving force behind each of Tickmill’s success, as well as the additional driving force to continuously improve and exceed customer expectations.

Check out the complete list of awards and certifications Tickmill has received over the years, which point to Tickmill’s strong position in the highly dynamic foreign exchange industry.

Go to Tickmill Official Website

FAQs about Tickmill’s trading condition on MT4

Does Tickmill have a trading desk?
Tickmill does not have a trading desk because the broker is an NDD broker and all Tickmill’s procedures are automated. Tickmill has no conflict of interest with Tickmill’s customers, and 100% of orders are transmitted to the liquidity provider.
Will slippage occur on your platform?
At Tickmill, slippage may occur during major news announcements, depending on market conditions and volatility. Slippage may have positive slippage and negative slippage.
Does Tickmill have any re-quotes?
Tickmill is one of the few NDD brokers without any requotes.
What are the minimum and maximum trading lots?
The minimum single transaction volume is 0.01 lots and the maximum is 100 lots. Up to 200 orders at the same time, including pending orders.
What is your order execution speed?
The average execution speed of Tickmill’s orders is about 0.2 seconds.
Are hedging and scalping allowed?
Allows hedging transactions (arbitrage transactions). For classic and professional accounts, the margin requirement for hedging positions is 0. Scalping transactions are also allowed. There is no limit to the time of holding a position.
What are the minimum and maximum account leverage you provide?
The minimum leverage is 1:1. The maximum and default leverage is 1:500. Metal leverage: Gold leverage is equal to account leverage, while silver leverage is 1/4 of account leverage. If the trading account leverage is 1:500, gold leverage is 1:500, and silver leverage is 1:125.

Open an account with Tickmill