Tickmill adjusts its account types based on trading experience. Therefore, you could choose the right account type in this broker by your skills and style of trading.

Tickmill is a forex and CFD broker that offers competitive pricing to its clients. It offers a wide range of products that traders can choose from which include forex, indices, cryptocurrencies, CFDs, metals, and bonds. As a trader, you might be wondering if Tickmill is even appropriate for you and what's the right account type to choose.

Tickmill Account Types

Tickmill is a safe broker that is regulated by well-known financial bodies which ensures that the trading funds of its clients are protected. The broker currently offers three major account types to cater to the needs of its clients according to their expectations and level of trading experience. Let's get to know each.

Tickmill Specifications

🌐 Website
💼 Regulation
💲 Min Deposit
Year Established

Bonus offers
Trading contests
Free education
Trading by telephone
PAMM accounts
MAM accounts
Segregated accounts
Affiliate program
Islamic accounts available
Wire transfer

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 Classic Account

This is aimed at traders with little to no experience as well as those with sufficient experience. It is the simplest account for accessing any of the financial markets offered. The account provides traders with optimal trading conditions and order execution that is ultra-fast and allows them to utilize any kind of trading strategy.

The Classic Account allows CFD trading on 62 currency pairs, stock indices, oil, bonds, major stocks, precious metals, and cryptocurrencies without commissions, while variable spreads start from 1.6 pips. The minimum balance is 100 USD and the maximum leverage is 1:500.


Tickmill Pro Account

This account type is suitable for experienced traders that are looking for advanced features to go along with optimal trading conditions. Similar to the Classic account, the minimum balance for the Pro account is also 100 USD. A maximum leverage of 1:500 is provided, and traders can enjoy spreads starting from 0.0 pips in this account.

However, unlike the Classic account, there is a commission involved in which traders are required to pay a fee of 2 currency units per side per lot in the base currency of the instrument being traded. For instance, if 1 lot of EUR/USD with a contract size of 100,000 EUR is being traded, then the expected commission per side will be 2 EUR or 4 EUR round turn (for both sides).

On this account type, Tickmill allows traders to place stop and limit orders close to market prices which is something that is not permitted by many brokers.


Tickmill VIP Account

This account type is exclusive as it is aimed at high-volume traders that are searching for competitive pricing and extra benefits. In contrast to the Classic and Pro accounts, the minimum balance for this account is 50,000 USD with spreads starting from 0.0 pips and a maximum leverage of 1:500.

There is also a commission involved for every trade with traders paying a fee of 1 currency unit per side per lot in the base currency of the instrument being traded. This is lesser than the commission for the Pro account. For instance, trading 1 lot of USD/GBP with a contract size of 100,000 USD, then the expected commission will be 1 USD or 2 USD round turn.

Overall, the three account types share similar features in terms of leverage, base currencies (USD, EUR, GBP), an average execution speed of 0.20 seconds, market execution, and margin call/stop-out at 100%/30%. The same range of financial instruments offered by Tickmill is available across the three account types. All these similarities might make it difficult for you to make a choice among the three account types, but the most important factor to consider is your level of experience as a trader and your expectations from a broker.

Here's an easier comparison between Tickmill's account types:

💰Minimum deposit100 USD100 USD50,000 USD
🔢Spreads1.6 pips0.0 pips0.0 pips
💸Commissions2 currency unit per side per lot1 currency unit per side per lot
👨‍💼Suitable forAll tradersExperienced tradersHigh-volume traders

If you are a novice, then the Classic account type might be the best since there are no commissions and all you have to deal with are spreads which might be more straightforward. If you are an experienced trader and want some advanced features to go along with your trading while not having to fork out so much money to open an account, then the Pro account is for you. However, if you are a high-volume trader that wants competitive pricing and do not mind the relatively high minimum deposit requirement, then Tickmill's VIP account might just be the most suitable.


Tickmill is the brand name of Tickmill Ltd. which offers trading services with premium products and innovative technology. Superior trading conditions, ultra-fast execution, safety of client funds, and dedicated support are at the forefront of their offering.