Your Simple Guide to Tickmill Pro Account

Let me explain to you! When it comes to commissions, there are different types like per side and per lot. The per side commission means you're charged a fixed amount for each side of your trade, regardless of the lot size. On the other hand, the per lot commission means you're charged a fixed amount for each lot you trade.

Now, let's talk about Tickmill's commission structure. They offer a super low commission of just $2 per side per $100,000 traded, or $4 for a complete round trip. That's pretty sweet, right? With this low commission, you can potentially save a lot on your trading costs.

Tickmill's per side commission is awesome because it allows you to know exactly how much you'll be paying for each trade, regardless of the lot size. So, whether you're trading big or small, you'll have a clear idea of the commission you'll be charged. Plus, with a low commission like $2 per side, it can really make a difference in your overall trading expenses.

In terms of comparing Tickmill's per side commission to other brokers, it's important to consider the cost-effectiveness and benefits for traders. Tickmill's low commission puts them in a competitive position, as it allows traders to keep more of their profits. So, if you're looking to save on trading costs and maximize your earnings, Tickmill's per side commission could be a great option for you.

Yes there are two strategies that I know! While most strategies are allowed and legal, there are a couple of strategies, like hedging and scalping, that may have some restrictions or limitations depending on the broker you choose.

Let's start with hedging. Hedging is when you open opposite positions to offset potential losses. It's a popular strategy, but some brokers have specific policies against it. So, it's a good idea to check with your chosen broker to see if they allow hedging or if there are any conditions or limitations you need to be aware of.

Now, onto scalping. Scalping involves making quick trades to capture small price movements and aiming for frequent small profits. It's a strategy loved by many traders, but again, some brokers may have rules in place to prevent abuse or excessive scalping.

About the hedging itself,  Actually, hedging is allowed in most countries around the world. While there have been cases in the past where certain countries prohibited hedging, the trend has shifted, and now the majority of countries permit it. However, it's important to note that some countries still impose limitations on hedging practices.

For instance, let's consider the United States as an example. In the US, hedging is regulated by the National Futures Association (NFA) and the Commodity Futures Trading Commission (CFTC). These regulatory bodies have established specific rules and requirements that brokers and traders must follow when engaging in hedging strategies.

Under the NFA's "First In First Out" (FIFO) rule, US brokers are obligated to close the oldest position first if a trader holds multiple positions in the same trading instrument and decides to partially close a position. As a result, the execution of hedging strategies can be impacted by the FIFO rule.

Of course! Tickmill offers demo accounts for each of the standard accounts (Classic, Pro, and VIP). For UK traders, there's also the demo futures account.

Now if you are curious about the Pro account, then you can open the Pro demo account. The process is very simple. Simply visit the broker's website, fill in the registration form, customize your account, verify your profile, and login with your username and password. There's no need for full identity verification as you only need a valid phone number and email address to register.

Once you're logged in, you can access all the account features for an unlimited time, except for futures accounts. You can open a total of 7 demo accounts using the same email address and use either MT4 or MT5 to launch it. Pretty convenient right? Then, you can switch to a live account at any time and verify your identity.

Ah, brilliant! I'm glad they offer demo accounts as well. The truth is that I'm planning to try out several demo accounts in different brokers before choosing the most suitable one for me. Tickmill is a strong candidate so far, so I'm very excited to put their features to the test.

Anyway, sorry if I'm asking too much but now I'm kinda curious about the VIP account too. What exactly is the difference between the Pro and VIP accounts and why is the Pro account considered more popular among clients?

Both are designed for experts, but they have several notable differences. VIP clients will need to maintain a minimum balance of $50,000, but they will get access to the lowest commission of $1 per standard lot or $2 per round turn. The spread is also very tight, only 0.27 pips after commissions. Meanwhile, the Pro account has a minimum deposit of only $100, but the commission is higher, $2 per standard lot and $4 per round turn.

What makes the Pro account so popular is its low maintenance and relatively low fees as well. Compared to the VIP account, the fees are slightly higher, but the overall cost is generally lower. It's still fairly affordable for all types of traders. Meanwhile, not all traders are willing to maintain $50,000 into their account at all times.

Basically, the Classic account offers no-commission trading but the spread is quite high (1.6 pips). The Pro account offers low spread starting from 0.0 pips, but traders must pay commission of $2 per standard lot and $4 per round turn every time they make a trade. The minimum deposit for both accounts is the same, 100 USD. Meanwhile, the VIP account requires the client to always have at least $50,000 in their balance, but it offers the benefit of extremely low spreads and commissions. Hope it helps

The answer about your first question about the EUR/USD market if you use EUR as base currency is yes! If you trade EUR/USD with EUR as the base currency, the behavior of the currency pair will still be the same as if USD were the base currency. In other words, if the market goes bullish and EUR/USD shows a bullish trend, both currencies will still be appreciating relative to each other, even though EUR is the base currency.

Regarding your second question, the choice of base currency depends on your individual trading strategy and preferences. However, there are some advantages to using USD as the base currency:

• Liquidity: The USD is the world's most traded currency, so trading with USD as the base currency can provide you with access to the most liquid currency pairs in the forex market.

• Reduced transaction costs: Most forex brokers offer lower transaction costs for currency pairs that involve USD, due to its popularity and high trading volume. (I think this is the most important factor that make most of the traders use USD as base currency in the Forex Market)

• Global acceptance: The USD is widely accepted as a reserve currency by central banks and governments around the world, which can provide greater stability in the currency's value.

If you're a European trader, using EUR as the base currency can provide some advantages. Firstly, it simplifies your trading by allowing you to easily calculate profits and losses in your home currency. Secondly, it eliminates the need for currency conversions, saving you money on transaction fees. Additionally, if you frequently trade European currency pairs such as EUR/USD, EUR/GBP, and EUR/CHF, using EUR as the base currency can provide a clearer picture of market movements and underlying currency trends.

However, if you're not a European trader, it may be better to use USD as the base currency.

Basically, when you place a stop or limit order, you're telling the trading platform that you want to buy or sell a particular asset at a specific price.

Now, when you place stop and limit orders close to the market price, you're basically telling the platform to execute the trade as close to the current market price as possible. This can be a good thing because it can help reduce the risk of slippage, which is when the price you get for your trade isn't quite what you expected. By placing your orders closer to the market price, you're more likely to get the price you want.

Another benefit of placing stop and limit orders close to the market price is that it can help you react more quickly to changes in the market. If you need to adjust your position, having the ability to place orders that are close to the market price can make things a lot more flexible and speedier.

As for why some brokers might not allow traders to place stop and limit orders close to market prices, it could be a few different things. Maybe the broker wants to manage their risk more carefully, or maybe their trading platform just doesn't support that kind of functionality.

I hope this clears thing up a bit for you!

Hey there! "Zero stops" and "limit levels" are these cool orders you can use when you're trading. Basically, a zero stop is like a type of stop loss order that lets you set your stop loss level at zero pips. This means that if the price of what you're trading falls to your entry price, the trade will be automatically closed without any loss incurred. It's pretty sweet because it helps protect you against crazy market volatility.

On the other hand, limit levels are like take profit orders that let you set a specific profit target. This means that when the price of what you're trading hits your desired level, the trade will be closed with a profit. It's a great way to make sure you lock in those profits before the market takes a turn.

Compared to regular stop loss and take profit orders, zero stops and limit levels give you more precision and flexibility when it comes to managing your risk and taking profits. Hope it can clarify your things!

Let me answer your question. Basically, brokers can charge different fees and commissions depending on their business model and fee structure. Some brokers may have a lower spread but a higher commission, while others may have a higher spread but a lower commission. It all depends on how they want to make money and cover their costs.

For example, a broker that charges a high commission may be targeting traders who make a lot of trades and generate a lot of commission, ex, Scalpers. In contrast, a broker that charges a low commission may be targeting traders who don't trade as frequently but generate revenue through the spread. ex. Swing Trader

To make sure you're getting a fair deal, you should look for brokers that are regulated and have a good reputation in the industry. Regulated brokers have to follow strict rules and regulations to protect traders, so they're usually a safe bet. And one of them is Tickmill!

Wow, it's definitely eye-opening to see just how much variation there is in terms of the fees and commissions that brokers charge. I think part of the reason for this is that brokers use different business models to generate revenue. But talking about fees either spread and commission., another factor to keep in mind is that some brokers may specialize in certain types of financial products, such as forex or stocks. Depending on the broker's focus, their fee structure may be designed to reflect the specific characteristics of those products.

All of these factors can contribute to a wide range of fee structures in the industry. However, I agree with you that it's a positive thing that there are so many different options to choose from.

@Foden: I totally get you, dude! Tickmill's Pro account with an average execution speed of 0.20 seconds is mind-blowing, no doubt about it! The speed at which trades are executed can make a huge difference in the fast-paced world of trading. It's like having a Ferrari to swiftly navigate the market and seize those opportunities before they slip away.

@Turner: As you know, a Micro account is perfect for beginners or those who want to start with smaller deposits and trade in smaller volumes. It's like a stepping stone into the trading world without risking a ton of money. It allows you to get a feel for the market, test out different strategies, and build up your skills gradually.

Now, why would some traders prefer a Micro account? Well, it's all about low risk and gaining experience. You can practice your trades with lower stakes and learn the ropes without going all-in. It's like training wheels for trading.

As for Tickmill's decision not to offer a Micro account, it seems they're focusing on more experienced traders who are ready to dive in with larger deposits and trade bigger volumes. They want to cater to a specific crowd and provide advanced features through their Pro account.

But hey, if you're a beginner or don't have a lot of cash to spare, there are other brokers out there who do offer Micro accounts. It's all about finding the right fit for your trading style and financial situation. So don't worry, you have options!

@Jason: In order to open a Tickmill Pro Account, individuals are typically required to be above 18 years old. This age requirement is in place to comply with legal and regulatory standards governing financial services and trading accounts. It ensures that individuals who open a Tickmill Pro Account have reached the legal age of majority in their respective jurisdictions.

By imposing an age restriction, brokers like Tickmill adhere to regulatory guidelines and prioritize client protection. They aim to ensure that individuals who engage in professional trading activities have the necessary maturity, understanding, and legal capacity to make informed financial decisions.

When it comes to features and advanced trading tools, Tickmill truly stands out from the rest. They provide a wide range of state-of-the-art tools and technologies that provide traders with a distinct advantage in the market. One of its notable features lies in its advanced graphing capabilities.

Furthermore, Tickmill offers advanced order types, including limit orders, stop orders, and trailing stops. These order types grant traders greater control over their trades and enable the implementation of more intricate trading strategies.

Now, let's delve into the unique benefits of opting for Tickmill for advanced trading. Firstly, they offer competitive spreads, allowing you to maximize your profit potential. Additionally, their rapid execution speed ensures that your trades are swiftly and accurately executed. Tickmill operates as an ECN broker, granting you access to deep liquidity and the opportunity to enjoy tight spreads even during volatile market conditions.

Read more: 5 Ways You Can Step Up to Advanced Trading with Tickmill

@Gutts: Hey, let me explain to you! A "Micro account" is a beginner-friendly trading account where you can start small, both in terms of money and the size of your trades. It's perfect for learning without risking a lot. But you're right; Tickmill doesn't have a Micro account.

If you're a newbie looking to start with Tickmill, here are some tips that might help you:

• Try their demo account. It's like practice trading without real money.
• You can start with a smaller deposit, even if the Pro account has a higher minimum requirement. Just use an amount you're comfy with.
• Focus on managing risk. Don't risk too much on each trade.
• Learn the basics. Tickmill probably has helpful resources.
• Be cautious with leverage. It can boost your wins but also your losses.
• See if they offer cent accounts; those are similar to Micro accounts.
• Keep learning. Trading is all about improving over time.

Starting small is smart. As you get the hang of things, you can think about more advanced accounts. Every successful trader starts somewhere, right?

Alright, so let's talk about the need for speed in trading, especially for folks who are really active in the game. When you're a pro or even just experienced, having fast execution can make a huge difference. Take Tickmill's Pro account, for example. They're all about catering to the fast-paced trader crowd and boast an average execution speed of 0.20 seconds. That lightning-fast execution isn't just about making trades happen quicker; it's about snagging opportunities before they slip away.

But hey, speed isn't the only thing to consider when picking a broker, especially for the pros. Sure, it's important, but you've also got to think about other stuff like whether the broker is legit and regulated, how secure your funds are, what kind of fees they charge, and what sort of support they offer. Plus, you want to make sure the trading platform they provide is reliable and has all the features you need to stay on top of your game. So yeah, while fast execution is a big deal, it's just one piece of the puzzle when it comes to choosing the right broker for your trading needs.

Of course, it's very common for brokers like Tickmill to determine the commission structure for traders. As outlined in the article, Tickmill charges a commission of 2 EUR per side and 4 EUR per round turn for trading 1 lot of EUR/USD, with exceptions for certain instruments like CFDs on stocks, indices, cryptocurrencies, oil, and bonds in their Pro account.

Brokers often establish commissions as a way to generate revenue for their services. The specific commission rates and structures can vary between brokers and may depend on factors such as the type of account, trading volume, and the financial instruments being traded.