How to open an account and trade Forex in Tickmill?
Tickmill is a globally recognized trading platform that provides users with a variety of services.。This article delves into Tickmill's account operations and trading processes and answers frequently asked questions。Tickmill's Guide to Opening an Account 1.Qualification Criteria:
Tickmill is a globally recognized trading platform that provides users with a variety of services.。This article delves into Tickmill's account operations and trading processes and answers frequently asked questions。
Tickmill's guide to opening an account
1.Qualification Criteria:
You must be at least 18 years old。
2.Collect the necessary documents:
Proof of Identity (POI): Clear copy of government-issued identity document (passport, national identity card, driver's license)。
Proof of Address (POA): Recent (usually within the last three months) bank statement, utility statement, mortgage statement, or credit card statement。
3.Start the account opening process online:
a.Select your account type:
- Classic account: Recommended for beginners。
- Pro (professional) account: best for experienced traders looking for low spreads and low commissions。
- VIP accounts: suitable for high-end traders looking for competitive prices and a wider range of assets。
b.Fill in personal information:
Enter details such as your name, address, nationality, taxpayer identification number, date of birth, phone number and preferred language。
Agree to the terms and conditions of the Platform。
Email verification link will be sent to you。After verification, you will be directed to the section of Financial Information and Experience。
c.Prove your identity:
Add personal details as needed。
Upload a copy of the government-issued ID of your choice for verification。This step complies with Anti-Money Laundering (AML) regulations。
d.Provide financial information and trading experience:
Share details about your employment status, annual income, expected expenses, and any relevant trading experience。
4.Deposit your account:
Minimum deposit of $100。
You can make deposits in several ways: bank transfer, credit / debit card, cryptocurrency or e-wallet。
Be sure to check if there are any promotional offers or bonuses, such as a $30 no-deposit bonus, which can give you motivation when you start your trading journey。
Trading Accounts: Demo and Real Accounts
The trading conditions for the demo account and the real account are the same.。However, the demo account operates in a simulated environment and price updates may differ。
Can adjust the balance or settings of the demo account。Simply forward the email with your demo account details and required changes to Tickmill's support team。
Demo and real accounts can be operated simultaneously。To do this, you need to install the MetaTrader platform in a different folder in each account。
Accounts can be closed, but data is retained for at least seven years as required by legislation。Accounts that are inactive for 60 days and have balances in various currencies below a certain amount will be archived。
Open a Tickmill demo or live account
Tickmill's account type
Tickmill offers three account types: Classic, Professional and VIP。Although they all maintain the same execution speed, their spreads, commissions and minimum deposit amounts are different。
To fully understand these differences, browse Tickmill's account overview。
View a comparison of account types
Customer Zone Registration
To register, individual customers need to provide proof of address (POA) and proof of identity (POI)。
Corporate customers need to provide other documents, such as articles of association, company registration certificate, etc.。
Additional documentation may be required depending on regional specifications。
Register in the client area
Swaps, Fees and Charges
Swaps of overnight positions are different。For forex currency pairs, silver and gold, three times the swap fee is charged on Wednesday, while for other instruments, three times the swap fee is charged on Friday。
You can check the swap rate on the MetaTrader platform or on the Tickmill website。
No fees are charged for deposits and withdrawals at Tickmill。In addition, funds transferred from the trading account should ensure sufficient available margin。
Open an account with Tickmill
Cryptocurrency Trading
Some Cryptocurrency Transactions May Require Additional Files。
Tickmill does not charge a fee for cryptocurrency transfers, but cryptocurrency providers may charge the fee。
It is best to use the same cryptocurrency wallet and cryptocurrency as the deposit to withdraw money.。
Securely deposit cryptocurrency into Tickmill
Deposits and withdrawals
Deposits can be made seamlessly in the customer area without paying any fees。
Withdrawal request will be processed within one business day。The time it takes for funds to be reflected into your account depends on your bank or card provider's policies。
Cryptocurrency trading times can vary, especially if authentication is required。Typically, encryption providers take 12-24 hours to authenticate。
Cryptocurrency deposits and withdrawals can be made using Bitcoin, Ethereum, or TEDA。
Open an account with Tickmill
Other noteworthy points
- Your funds in Tickmill are safe because they comply with the Seychelles Financial Services Authority (FSA)。
- Transfer between brokers is not supported; only standard payment methods are available。
- Minimum deposit of $100 for all accounts。To get VIP status, the balance needs to be at least $50,000 or 200,000 South African rand。
- Available cryptocurrency deposit methods vary by region。Please check your eligibility from the client area。
Tickmill is regulated by the Seychelles FSA and offers a range of account types and trading methods tailored to individual and corporate clients.。Due to its commitment to transparency and security, it remains the first choice for many in the trading world.。
Go to the official Tickmill website
Frequently Asked Questions about the Tickmill Trading Account
- Are the trading conditions the same for demo and real-time accounts??
- Yes, the trading conditions for the Tickmill demo account and the real account are the same。However, the demo account runs in a simulated environment, so no slippage occurs。Price updates between two accounts may also differ。
- Can I adjust the settings or balance of the demo account?
- To modify the balance or settings of your demo account, simply email our support team with your demo account number and the changes you would like to make。
- What types of accounts does Tickmill offer??How they differ?
- Tickmill offers three account types: Classic, Professional and VIP。Although they have the same execution speed, the difference is in the spread and commission。For example, the spread of professional and VIP accounts from 0.0 point value, while the classic account spreads from 1.From 6 o'clock value。Commission structures also differ for these account types。For more information on account types, visit the Tickmill website。
- I forgot my MetaTrader or client area password。What should I do?
- If you have forgotten the client area password, please browse the login page of the client area and click "Forgot your Password" below the "Login" button?(Forgot your password?) "link, and then follow the reset instructions。For MetaTrader password, you can change it in the secure client area。If you have any questions, please contact our customer support team。
- What conditions need to be met for account archiving?
- An account can be archived under certain conditions: if the balance is less than or equal to a certain amount (such as 50 GBP / EUR / USD or 200 South African Rand) and there is no activity (no login, transaction, deposit or withdrawal) within 60 days, the account will be automatically deactivated and archived。Any remaining balance is transferred to the wallet。
- How to Know Swap Rates and When to Charge at Triple Rate?
- Overnight interest is the fee applicable to positions held overnight。For Forex currency pairs, silver and gold, three times the swap fee is charged on Wednesday; for other instruments, three times the swap fee is charged on Friday。These include interest when the market is closed on weekends。Updated swap rates can be found on the MetaTrader platform or on the Tickmill website。
- Are there any fees or specific requirements for cryptocurrency deposits and withdrawals?
- While Tickmill has a zero-fee policy for Tickmill wallet transfers related to cryptocurrency transactions, cryptocurrency providers may charge fees.。Depending on the size of the transaction, you may need to provide additional verification documentation。Eligibility for cryptocurrency deposits and withdrawals may vary by region。
- How Tickmill withdrawals work and how fast they are processed?
- Withdrawal requests can be made in your client area and Tickmill will process these requests within one business day。The time it takes for funds to be reflected into your bank account depends on your bank's policies。Withdrawal to bank account may take 3-7 business days, while credit / debit card withdrawal may take up to 8 business days。
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.