Is Tickmill Good for Beginners?

Jayce: In fact, the trading conditions offered at Tickmill are not bad at all. Even though in the Classic account their broker model becomes a Market Maker, all other accounts still use the non-dealing desk (NDD) model.

The minimum deposit available from ECN and Classic is $100 (other accounts have very high deposit requirements). Meanwhile, lot trading can be as little as 0.01 lots with spreads starting from 0.0 pips with ECN accounts and classic accounts starting from 1.6 pips.

The commission there is as low as $1 per lot. (read all the details here : tickmill review)

Is it good for beginners? Need many factors, as well as educational functions. So I totally agree with the author, new trader or not, the one that find brokers with minimal fees adn deposit can choose this 

Anwar Setiady: In my opinion, other instruments trading are not so many trader. For this reason, many traders still believe that MT 4 is the best trading platform for them and by the way, that is true.

Rejected or not, Metatrader 4 is basically being made for Forex trading. Over time, Metatrader has become a widely popular trading platform worldwide. You can try MT4 and MT5 to see the difference. I mean, based on my experience, MT4 is simpler while MT5 is more complex.

Meanwhile, judging from the instrument trading provided by Tickmill, most assets can be traded using MT 4 and based on this, I think the author has chosen MT4 to trade on Tickmill 

You can read the article about MT4 in here or in article with this headline : Is Metatrader 4 is still relevant

Meghan: Miss, the main different between models of forex is the source of the Liquidation Provider. I mean, in Market Maker, the liquidator is the broker. You are basically dealing with a broker. If you lose the trade, the broker takes the profit. Trading conditions such as creating a broker can be called Market Maker

Meanwhile, the NDD liquidation provider is another liquidation provider that has access to the main forex pool. I can say that with NDD you can trade the forex market directly, although you need many process steps to get into the main pool.

Can it affect your trading? If the market makers are regulated, it means you will not feel affected at all

Winston: Honestly, I think global traders, traders outside the countries regulated by Tickmill, have more freedom and are subject to the weakest regulation. Traders in regulated countries, on the other hand, have to deal with foreign exchange national regulations, and in the case of the EU and the UK, ASIC traders also suffer more restrictive trading conditions, but are protected by strong law.

On the other hand, as a global trader, you get the most liberal yet least regulated trading conditions but with weak body regulators. No high leverage, low minimum deposits or many bonuses not found in Australian, UK and European traders but you can found in the global trader.

There is some term that identified broker like this : offhshore broker, the broker that is not regulated in trader's country. Need to understanding about the pros and cons to trader with offshore brokers, read here for the detail : Trading in Offshore broker, pros and cons

Jorge: The procedure that bothers you is called KYC or Know Your Customer. Very important and indispensable. All regulators around the world need to know their broker's customers. So they will try to find out your identity whether you are a criminal or not.

There are also rules that penalize brokers and other financial institutions for having clients who are wanted in another country. This law was enacted by the United Nations to prevent money laundering by criminals. And with this KYC, broker also can avoid ilegal money enter their environment.

For more information on these KYC, you should read the following articles: Why Do Brokers need to know your personal ID

Don't worry about IDs. The broker guarantees customer privacy. You can also follow this article step by step to open an account with Tickmill : 

How to open an account in Tickmill

Hey there! So, hedging is a way to manage risk when trading by minimizing or offsetting the potential losses that may occur due to bad price movements. This is done by opening a position in the opposite direction of an existing position using things like futures, options, or CFDs. However, hedging is not really recommended for beginners because it requires a lot of knowledge and experience to be effective.

The point of hedging is to reduce the risk of losses by creating a counterbalancing position to an existing trade. For example, if you have a long position in something, you can hedge against potential losses by taking a short position in the same thing or something related. So, for someone who is just starting out with trading, it might be better to focus on learning the basics before trying to use hedging strategies.

In my opinion, while only hedging may be more advanced, all other methods of trading can be learned by beginners based on their needs, time, and goals. For example, if a trader wants to make a profit quickly and has the time to trade frequently, they can learn about scalping and day trading. On the other hand, if they don't have much time and view profit as a long-term investment, swing trading and position trading can be more suitable.

In order to trade successfully, beginners need certain features to help them, such as trading tools and education. Since Tickmill offers both of these and has low deposit and trading fees (only $100 deposit with 1:500 leverage and $1 commission), it can be considered a good broker for beginners. You can read more about these features on here : Tickmill Review. Therefore, even without using hedging strategies, beginners can still trade effectively with Tickmill.

It depends on your needs dude. I am trader at Tickmill and I opened account at The Classic account. The classic account in Tickmill offered variable spreads and no commission fees, which for me, might be more suitable for beginners who are still learning about trading and want to start with a lower risk. Since it has no commission, you can trade without need to paid for the total volume that you trade. Meanwhile, based on the Tickmill website, This ECN Pro account offers fixed spreads, which can be beneficial for traders who want to know exactly what they'll be paying for each trade, but requires a higher deposit amount. However, fixed spreads can sometimes be wider than variable spreads, so it's important to consider this when choosing an account. account might be more suitable for traders who have more experience and are looking for a more advanced trading environment.

@Bambang:When it comes to choosing the best account type for a beginner on Tickmill, it depends on your trading style and preferences. The Classic account offers variable spreads, which means that the spread can change based on market conditions, while the ECN Pro account offers fixed spreads, which means that the spread remains the same regardless of market conditions. The VIP account requires a larger deposit and offers additional features, such as a dedicated account manager and lower commission fees.

For beginners, the Classic account may be a good option as it allows you to start with a smaller deposit and provides the opportunity to learn and practice trading with variable spreads, which can help you develop your trading strategy. On the other hand, the ECN Pro account may be more suitable if you prefer the certainty of fixed spreads and are willing to start with a larger deposit.

It's important to note that different account types may have different trading conditions and fees, so make sure to carefully review the details of each account before making a decision. Additionally, Tickmill offers a demo account that you can use to practice trading and test out different account types before committing to a live account. This can be a great way to gain experience and confidence in your trading abilities before risking real money.

@Kaisar Geres: Considering your beginner trader status, the Classic account may be the most suitable choice. It offers a lower minimum deposit requirement and doesn't charge commission fees, making it more accessible and cost-effective for those starting out. It also provides a user-friendly trading platform and access to a range of trading instruments. If you want to check another type account, you can just read in this article : Which Tickmill Account Type is Right for You?

About Metatrader 4, I consider you to do :

• Familiarize yourself with MetaTrader 4: Learn the features of Tickmill's trading platform to make informed decisions using its charting tools and indicators.

• Utilize educational resources: Take advantage of Tickmill's tutorials, webinars, and market analysis to enhance your trading knowledge.

• Develop a solid trading plan: Create a well-defined plan with clear goals and risk management principles to protect your capital.

• Explore different trading instruments: Diversify your portfolio by trading various assets available on Tickmill's platform.

• Regularly evaluate and refine your strategy: Adapt your approach based on market conditions and analyze your performance to improve over time.

Hope it can help!

Actually, here I just want to explain the reason why forex brokers don't accept US clients is because of the higher costs associated with doing business in the US. The US is known to have a higher cost of living and wages than many other countries, meaning forex brokers have to pay their employees more, resulting in higher operating costs.

In addition, forex brokers also have to pay higher taxes and fees to operate in the US, which can be a significant burden for smaller companies. As a result, many forex brokers choose to focus on other markets where the costs of doing business are lower.

Apart from these reasons, In the US, forex brokers are only allowed to offer a maximum leverage of 50:1 on major currency pairs and 20:1 on minor currency pairs. This is much lower than the leverage that is offered by brokers in other countries, such as Australia and Europe, where leverage of up to 500:1 is available. The restrictions on leverage in the US can make it difficult for traders to make a profit, as they are not able to take advantage of the same level of leverage that is available in other countries. As a result, many traders choose to use offshore forex brokers that offer higher leverage, which is why many US forex brokers do not accept US clients.

This is all done to protect traders from fraud and cyber crimes.

Not many brokers accept US traders. One of the main reasons why forex brokers do not accept US clients is because of the strict regulations imposed by the US government. The US government has implemented a number of regulations regarding forex brokers, including the Dodd-Frank Act which was introduced in 2010. This law requires forex brokers to register with the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). , which can be a lengthy and expensive process.

In addition, forex brokers are also required to meet a number of other requirements, including maintaining minimum capital requirements and submitting periodic financial reports to the authorities. These regulations can be difficult for forex brokers to comply with, which is why many prefer not to accept US clients.
Well despite the many rules in the US, it is important to remember that these regulations are designed to protect traders and ensure that the forex market operates fairly and transparently. As a result, it is important to choose a regulated and trustworthy forex broker, even if they do not accept US clients.

@Anita: Self-education in trading can be super effective, especially for beginners like you who are eager to learn. While some brokers may not offer formal education, there are plenty of resources available for self-study. You can dive into books, online courses, YouTube tutorials, and forums to gain valuable insights and knowledge about trading even in this website!

The great thing about self-education is that you have the flexibility to learn at your own pace and explore topics that interest you the most. You can focus on specific strategies, technical analysis, risk management, or any other aspect of trading that catches your attention.

Now, you might be wondering if self-educated traders can achieve comparable results to those with formal education or training. Well, here's the deal: Trading success is not solely dependent on formal education. It's more about your dedication, discipline, and continuous learning. If you're willing to put in the time and effort to study and practice, you can definitely achieve great results.

However, keep in mind that self-education requires a lot of commitment. You need to stay updated with market trends, learn from your mistakes, and be open to trying new strategies. It's a journey of constant improvement and adaptation.

So, my advice to you is to embrace self-education. Explore different resources, connect with other traders, and never stop learning. Combine your self-study with practical experience through demo trading or starting with small positions to gain hands-on experience without risking too much.

Remember, trading is a skill that can be developed through continuous learning and practice. With the right mindset and a hunger for knowledge, you can absolutely achieve success in the exciting world of trading!

You bet! So, high-volume traders use a bunch of strategies and techniques to make bank on their trades. They're pretty much experts on the markets they're trading in and use analysis tools to find patterns and opportunities for profitable trades.

One popular technique is called technical analysis. Basically, it involves looking at historical price and volume data to spot trends and patterns. They might use fancy stuff like moving averages or momentum indicators to figure out the best time to buy or sell.

Aside from that, they might also use fundamental analysis to evaluate the financial health of companies they're trading with. This involves looking at things like earnings, market share, and revenue growth to determine whether a company is worth investing in. And finally, high-volume traders are all about risk management. They've got strict rules in place to minimize risk, like limiting the size of their trades or using stop-loss orders to keep their losses in check. By being smart about risk, they can keep making money consistently.

Those strategies are basic strategies. SO, it means you can also become pro trader too if you know about all the strategies deeply

Depositing at Tickmill is easy as there are many payment options you can choose from. In my experience, if you want to deposit, the estimated time is instantaneous if you deposit from e-wallets like Skrill, Netteller and Fasapay. Meanwhile, if you have a local bank like Tickmill, then you can just do a wire transfer, but that is not recommended if you are not the same one that Tickmill uses because it took 5 days to process. Another deposit option that may not be available is crypto payments (BTC, ETH and USDT), but availability is limited to certain regions.

One thing I know for sure and feel is that Tickmill is committed to processing all withdrawal requests within one business day. If you want to know more, just read the Tickmill Deposit and Withdrawal FAQ articles : Tickmill Deposit and Withdrawal FAQ