Tickmill is a broker that offers a direct ECN trading environment and top-tier liquidity. Its features are ideal for everyday traders, but it is also preferred by scalpers and automated trading clients. As a leading name in the forex industry, Tickmill is regulated in five different jurisdictions. The location of your account will determine the type of brokerage that you can receive.
The support staff at Tickmill is easy to reach. They offer support in 16 languages and observe Daylight Savings Time. They also offer negative balance protection, which is a key benefit for Forex traders. If you’re worried that you’re not following the rules, you can always try out a demo account to get familiar with the platform and learn how it works.
Trading Rules of Tickmill Broker
Tickmill’s website is easy to use, and its banking system is straightforward. They accept almost a dozen different methods for funding. Deposits are free, and withdrawals are instant. However, you may encounter fees or delays due to banking regulations. Therefore, it’s important to read the rules before starting trading with Tickmill. The website is offered conditionally.
The tickmill client account has three options. You can choose from a Classic, a Pro, or a VIP account. Each of these options has different trading rules and requirements, but all three options have low minimum deposit amounts and are suitable for most people.
Moreover, Tickmill covers transaction fees up to one hundred dollars. If you experience any issues while trading, they will reimburse you. If you don’t like the fees, you can opt for a free trial to find a better broker. If you’re a new trader, it’s best to learn the basics of forex trading before getting involved with the markets.
Types of Tickmill Broker
Tickmill has three types of accounts, which are best for active traders. A Classic account is ideal for those who have a small trading budget but want to maximize the potential of the autochartist’s technology. When you trade manually, you need to understand the market and the trade rules of the broker.
Tickmill is regulated primarily by the Seychelles Financial Services Authority, which offers a broker-friendly regulatory environment. Tickmill is protected by the Financial Services Compensation Scheme, which protects you up to PS85000 in case of any financial losses.
Traders looking for a commission-free account should choose the Classic plan. In addition, the Tickmill website allows you to make multiple trades on the same platform. The other major drawback of tickmill is that they don’t allow you to open a demo account. They don’t allow this type of account, and it’s not recommended for traders who are not fully confident in their trading abilities. While tickmill is a popular trading site, you’ll need to have a real-time connection to test your account with live trades. The tickmill also has a live chat feature that allows you to trade in real-time.
To Sum Up
There are no restrictions regarding depositing and withdrawing funds. Tickmill offers four different currencies and nearly a dozen payment methods. In addition to offering free deposit and withdrawal, you can also benefit from instant access to your money. The Tickmill website offers various tools that help you understand the trading rules of the company. You can even choose the currency that is used to place orders. You can also use the currency you are most comfortable with.