Both Tickmill's VIP and Pro accounts are seemingly designed for professional traders. Yet, there are differences that might be crucial to decide which one is better for you.
Tickmill is a leading broker that operates under the regulation of several top-tier authorities, including FCA of the UK and CySEC of Cyprus. It offers a number of account types to cater to the needs of various kinds of traders.
Generally speaking, Tickmill account types can be divided into three categories: Classic, VIP, and Pro accounts. There is also a demo account to practice trading and test trading strategies using virtual money. The broker doesn't offer Cent accounts, which indicates the broker's intentions to cooperate with experts and professional traders.
For experts and professional traders, Tickmill offers two types of accounts, namely VIP and Pro. While both accounts are similar in some aspects, they are not the same. Here is a quick comparison to help you get started.
| Features | VIP Account | Pro Account |
| 💰Minimum Deposit | ❌ | 100 USD |
| 💵Minimum Balance | 50,000 USD | ❌ |
| 💲Available Base Currencies | USD, EUR, GBP | USD, EUR, GBP |
| 🔢Spreads from | 0.0 pips | 0.0 pips |
| ⚖Maximum Leverage | 1:500 | 1:500 |
| 📍Minimum Lots Traded | 0.01 lots | 0.01 lots |
| 💸Commissions per Trade | 1 per side per 100,000 traded | 2 per side per 100,000 traded |
| 📊Allowed Strategies | All | All |
| 🕋Swap-free Islamic Option | ✔️ | ✔️ |
Let's find out more about each account type in the guide below.
Tickmill VIP Account
Tickmill VIP account was designed for high-volume traders who are looking for competitive pricing and special benefits. It offers access to some of the most popular instruments on the market across several asset classes, namely currency pairs, major stocks, stock indices, precious metals, oil, bonds, and cryptocurrencies. As such, this account allows you to diversify your investment portfolio with a single brokerage account.
You'll also get ultra-low fluctuating spreads starting from 0.0 pips depending on the market condition and high maximum leverage of 1:500. Tickmill claims that the orders are executed with direct liquidity of the market and various major banks. Aside from that, the commissions are one of the lowest in the world.
You'll only need to pay a fixed commission of 1 currency unit per side per lot (0.0010% notional) in the base currency of the trading instrument that you use.
So, if you trade 1 lot of EUR/USD (100,000 EUR contract size), then your commission per trade would be 1 EUR per side and 2 EUR per round turn.
However, it is worth mentioning that the minimum balance for this account type is 50,000 USD, making it a great choice for expert traders who are active and often trade in large sizes but not suitable for inexperienced traders.
Tickmill Pro Account
As the name suggests, Tickmill Pro account is exclusive for professional traders who are looking for advanced trades and excellent trading conditions at affordable prices. With only 100 USD, you can make a deposit and enjoy all the features offered in this account type.
This account offers fluctuating spreads starting from 0.0 pips. However, the fixed commission is slightly higher than VIP. You'll need to pay 2 currency units per side per lot (0.0020% notional) in the base currency of the trading instrument.
So, if you trade 1 lot of EUR/USD (100,000 EUR contract size), then your commission would be 2 EUR per side and 4 EUR per round turn.
The rest of the features are pretty much the same. All strategies are allowed and you'll get access to a bunch of trading instruments as well as Tickmill's advanced trading tools such as Economic Calendar, Market Manager, and Sentiment Trader.
Which is the Best Tickmill Account for Expert Traders?
In a nutshell, Tickmill's VIP and Pro accounts are great choices for expert or professional traders. Both options offer many excellent features for expert traders, starting from advanced trading tools to fast execution speed and higher leverage. You can even request to convert your account into an Islamic account and make it free of overnight swaps. The only difference between the two is the trading fees.
In that case, the Tickmill Pro account is slightly better due to its significantly lower minimum deposit and commission. The minimum deposit is only 100 USD while the VIP account requires a minimum balance of 50,000 USD. Perhaps this is why the Pro account is very popular among Tickmill users and most recommended as well.
FAQs on Tickmill's Trading Accounts
- What are the terms and conditions for the Islamic account?
The Islamic account has exactly the same trading conditions as the regular trading account types, except that it's free of swaps. However, you will be charged with additional fees for holding position overnight for more than three consecutive nights. In order to get the swap-free Islamic option, you simply need to open any account type and reach out to the customer support team to convert your account. Keep in mind that the broker may require you to provide additional documents to prove that you're eligible. The process will take approximately one business day. - Is Tickmill suitable for beginners?
Tickmill is a good broker, but it's not the best option for beginners. The broker does offer many features that are attractive for most traders in general, including beginners, such as easy account opening, demo account, good security measures, and user-friendly platforms. However, there are also aspects that make the broker more suitable for professional traders, like advanced trading tools, higher leverage, trading fees on the Classic account that are not as competitive as other brokers.
Tickmill is an award-winning global ECN broker, authorized and regulated by the Financial Conduct Authority (FCA) in the UK, CySEC in Cyprus, and the FSA of Seychelles. Founded in 2014, it offers its retail and institutional clients various trading services with a prime focus on forex, stock, commodities, CFDs, and metals.
For traders who prioritize the value of spreads in broker selection, Tickmill provides excellent services with low spreads, starting from 0.0 pips.
The London-based company has a mission to provide clients with the best possible trading environment, so clients can focus on trading and become successful traders. One way to reach its mission is to offer a fast-execution of 0.15s. With this facility, it's no wonder that Tickmill gets the 2019 Best Forex Execution Broker award by the CFI.co Awards. Also, Tickmill received the achievement as Best CFD Broker Asia 2019 by International Business Magazine, the Best Forex Broker Asia, and the Most Transparent Broker 2019 by Forex Awards.
After registering in Tickmill, traders can choose the most ideal asset among 60 currency pairs that they can trade. If traders aren't sure yet to open a real account, Tickmill recommends learning to trade through a demo account.
There are also educational features such as Webinars, Seminars, Ebooks, and Video Tutorials. All of these facilities can be used by traders to increase knowledge about trading and the financial market as a whole. If traders already have enough knowledge, they have a greater opportunity for earning profit consistently.
For traders registered in real accounts, they can choose between provides three types of accounts, including Pro Account, Classic Account, and VIP Account. Traders can open positions with a minimum order of 0.01 Lots. This applies to all types of accounts.
The company provides recommendations for traders who are still confused when choosing an account. For example, for novice traders, Tickmill encourages clients to choose a Classic Account. It offers optimal conditions with fast order execution while enabling traders to use virtually any trading strategy. Additionally, the account is trade commission-free so traders only pay the bid/ask spread. Other than the 3 main accounts above, Tickmill also provides an Islamic account (swap-free).
The downside is, trading with Tickmill will only enable traders to use MetaTrader 4 as their offered trading platform. Although not much if compared to other brokers, the Tickmill platform provides a user-friendly and highly customizable interface, accompanied by sophisticated order management tools to help traders control positions quickly and efficiently.
The convenience of trading on Tickmill is enhanced by the existence of One-Click EA integrated on MT4. Traders will get Stop Loss and Take Profit calculations automatically. On top of that, Tickmill provides a VPS hosting for automated traders that can't be bothered with technical problems such as troublesome internet connection.
They offer several third-party research solutions, including Autochartist, which is a popular pattern-recognition software that uses automated technical analysis to make forecasts and generate trading signals. Autochartist is available both in Tickmill's web portal and as a platform plugin for MetaTrader 4.
As a Tickmill client, a trader can deposit and withdraw with a variety of payment methods, including Visa, Mastercard, bank transfer, and Skrill. Tickmill accepts deposits and withdrawals in 4 currencies, which include USD, EUR, GBP, and PLN.
Overall, Tickmill is a competitive broker in spreads and provides a safe trading environment with its regulated entities in three different jurisdictions. Although their trading platform is not outstanding, the analytical tools they present to equip traders' needs are considered by retail broker standards.
Tickmill is the brand name of Tickmill Ltd. which offers trading services with premium products and innovative technology. Superior trading conditions, ultra-fast execution, the safety of client funds, and dedicated support are at the forefront of their offering.
14 Comments
Jun 15 2023
After reading the article, I can conclude that the Pro account is indeed the best choice because it offers advanced features for professional traders at affordable cost. I was more attracted to the VIP type at first, but now I know it's not the right one for me because I don't always have 50k in my account. Apart from all, I'm actually curious about the Demo account. Is it any good compared to demo accounts in other brokers? I also want to know if there are any limitations, like expiry date, for instance.
Jun 16 2023
Yup, Tickmill does offer a Demo account for beginners. With the account, you can trade at least 180 trading instruments and access all of the customizable features of a regular trading account. Available trading platforms are MT4 and MT5. As for the limitations, it's pretty unfortunate that the demo will only be available for 30 days. After that, the account expires. In addition, if there are no login attempts made into your demo account within 7 days, the account will also expire. You can open up to 7 demo accounts per email address.
Jun 15 2023
The author mentioned that Tickmill is not a good broker for beginner traders. I'm pretty confused here because Tickmill is a reputable broker with a good track record (I searched it up). The broker is fully regulated and has won tons of awards in the past years. Is that not enough? I'm a beginner myself and I find it really hard to narrow down my options here because there are so many brokers to choose from. Also, does leverage matter for beginners? That's all for now. I would appreciate if anyone can help me with this, thanks
Jun 15 2023
Hmm I think it's important to point out that not all good brokers are suitable for beginners. You see, every trader has a different set of needs and preferences. Professional traders for instance, need a broker that offers advanced premium services and exclusive benefits, even if that will cost them more.
On the other hand, beginners typically need a broker that offers the following features:
So, if you're looking for a broker, you might want to consider the factors mentioned above. Hope it helps :)
Jun 16 2023
I want to add that in my opinion, beginners shouldn't worry about leverage just yet. Leveraged trading means amplified trading size and this means higher risks, so it's not necessarily a wise decision to use it early in your journey. Once you feel more confident with your trades, you can use a SMALL leverage to trade. Don't jump straight to using 1:500 leverage if you don't want to lose most of your money right away. My advice is start with 1:5/1:10, then gradually increase it over time once you're ready.
Jul 26 2023
Hey there! So, I'm thinking about stepping up my game and becoming a pro trader, and I've got my eyes on Tickmill's VIP account, which sounds pretty awesome. I mean, there's also the mini account, but it seems a bit limited, and I'm all about diversifying my assets, you know?
Anyway, I've heard that the VIP account comes with some sweet perks, like those super low commissions they claim are one of the lowest in the world. And let's not forget about those ultra-low fluctuating spreads and high maximum leverage they're throwing into the mix!
But here's the thing, should I really be considering all these trading fees, commissions, and other stuff before going all-in with the VIP account? I mean, it's a big decision, and I want to make sure I'm making the right move for my trading journey. So, any advice or tips on how to weigh these factors? I'd really appreciate your insights! Thanks a bunch!
Jul 27 2023
Absolutely, my friend! When considering Tickmill's VIP account and aiming to become a pro trader, it's essential to take those trading fees and commissions into account. The VIP account boasts some fantastic benefits, like ultra-low fluctuating spreads and high maximum leverage, but you want to make sure the low commissions they claim to offer align with your trading style and goals.
As a pro trader, it's crucial to weigh all the factors and perks associated with the VIP account against your individual trading needs and preferences. Think about your trading strategy, risk appetite, and the kind of assets you want to trade. That way, you can make an informed decision that fits you like a glove!
So, take your time to analyze all the details, and don't hesitate to reach out to Tickmill or fellow traders for advice. With the right information and insights, you'll be better equipped to make the best choice for your trading journey. Happy trading, and may the profits be with you!
Jul 28 2023
Hey there! So, you're thinking of going pro with Tickmill's VIP account, huh? Awesome move! But hold up, before you dive in headfirst, you gotta keep an eye on those trading fees, especially those "super low commissions" they're bragging about. Yeah, they might be low, but you wanna make sure they suit your trading style and won't eat up your profits, right?
Sure, the VIP account sounds tempting with its ultra-low fluctuating spreads and high leverage, but those commissions can play a big role in how much dough you end up with.
Here's the deal - take a moment to think about your trading strategy and what assets you wanna get your hands on. If you're a hardcore trader making lots of moves, those low commissions could save you some serious cash.
But hey, don't forget that the best choice depends on what floats your boat. If diversifying your assets and having access to a wide range of instruments is more your jam, the VIP account might still be your go-to.
Jul 26 2023
In the article, it said that, Tickmill's VIP and Pro accounts are great choices for expert or professional traders. Both options offer many excellent features for expert traders, starting from advanced trading tools to fast execution speed and higher leverage. You can even request to convert your account into an Islamic account and make it free of overnight swaps. The only difference between the two is the trading fees.
I want to know, what is the difference between the trading fees that mentioned in there? I mean what the advantage that we can get if we use Islamic account beside overnight swap?
Jul 28 2023
Hey, great question! So, in the article, it mentioned that Tickmill's VIP and Pro accounts are like a dream come true for expert traders, offering a bunch of awesome features. But here's the deal - the real difference between these two legendary accounts lies in the trading fees.
So, if you choose the Islamic account, you won't have to worry about any interest or rollover fees when you hold your trades overnight. It's like trading with the wind at your back and the stars shining bright!
But don't forget, it's not just about the overnight swaps - you also gotta consider the overall trading fees. Each account has its unique fee structure, so it's essential to pick the one that suits your trading style and goals best.
So, my friend, if you want to ride the magical wave of the Islamic account and enjoy a swap-free trading experience, that's the fantastic advantage you'll get! You can also read more about Tickmill's Islamic Account at here : Does Tickmill Allow Islamic Account?
Nov 22 2023
According to the article, Tickmill is acknowledged as a reliable broker, but it's not particularly recommended for beginners. Although it provides features that generally appeal to traders, including easy account opening, demo accounts, robust security measures, and user-friendly platforms, the article suggests that not all brokers are equally suitable for beginners. So, what factors distinguish a broker as beginner-friendly or not? What tips and tricks can beginners like me use to assess whether a broker is suitable for our needs? The article implies that while brokers may offer common features, there are additional considerations to determine if a specific broker, like Tickmill, is genuinely ideal for beginners.
Nov 24 2023
When you're selecting a broker, especially if you're a beginner, it goes beyond the features commonly mentioned in this article : Best Forex Brokers For Beginners. In my opinion about tips and trick to choose broker that good for beginner, you need to focus on those things :
Educational Resources: Opt for brokers that offer extensive educational materials. Beginners can greatly benefit from resources like tutorials, webinars, and market analysis to enhance their grasp of trading concepts.
Customer Support: A responsive and helpful customer support team is crucial, especially for beginners. Verify if the broker provides support through various channels and has a reputation for promptly addressing inquiries.
Minimum Deposit Requirements: Take into account the minimum deposit needed to open an account. Some brokers may have higher initial deposit requirements, which may not be ideal for beginners with limited capital.
Regulation and Security: It's important to ensure that the broker is regulated by relevant financial authorities. Regulation adds a layer of security, assuring you that the broker operates within established standards.
Additionally, consider factors such as the ease of withdrawal, trading fees, and the quality of the trading platform.
Mar 26 2024
According to the article, the Tickmill VIP account provides access to a range of widely traded assets across various categories, including currency pairs, major stocks, stock indices, precious metals, oil, bonds, and cryptocurrencies.
As a novice, I'm curious about distinguishing major stocks from stock indices as mentioned in the article.
Mar 29 2024
Don't be confused, bro. While both involve stocks, they serve distinct purposes. Major stocks represent shares of individual well-established companies traded on stock exchanges, whereas stock indices comprise a selection of stocks from multiple companies, reflecting the overall performance of a specific sector or market. For instance, the S&P 500 index includes stocks from 500 large companies listed on US stock exchanges, offering a broader perspective on market performance.
As for whether to trade these assets, it depends on factors such as investment objectives, risk tolerance, and market knowledge. Major stocks present the opportunity to invest directly in specific companies, potentially offering higher returns but also carrying individual company risks. In contrast, stock indices provide diversification across multiple companies, reducing the risk associated with investing in individual stocks but may not offer the same potential for significant returns. So, it is really up to you, but if you ask about my opinion, it is better to start trading with forex instead stocks or incides.