Are there any special features that set Tickmill Pro account apart from other brokers' accounts for experienced traders? Let's find out here.

Tickmill is a popular forex broker with more than 75,000 clients worldwide. It is a broker that offers a number of tradable securities and highly competitive fees that will satisfy various groups of traders in the market. Clients of Tickmill can choose from three standard types of trading accounts, namely Classic, Pro, and VIP. In addition, Islamic swap-free accounts and demo accounts are also available under certain conditions.

In this article, we will be focusing on Tickmill's Pro account. Often said to be the most popular account type among Tickmill users, the Pro account does have a bunch of benefits for experienced traders such as tight spreads and advanced trading conditions with relatively affordable fees. Tune in to find out everything you need to know about it.

Tickmill Pro Account

 

Introduction to Tickmill Pro Account

As the name suggests, the account was designed to cater to the needs of professional or expert traders who expect advanced features and optimal trading conditions. But even so, the conditions are still relatively affordable in comparison with professional accounts offered by other brokers.

The main benefit offered by this account type is the tight spreads and one of the lowest commissions in the world. Pro account clients will get the advantage of floating spread starting from 0.0 pips and a maximum leverage of 1:500. Meanwhile, the standard commission is only 2 currency units per side per lot (0.0020% notional). If you trade 1 lot of EUR/USD, which has a lot size of 100,000 EUR, then you only have to pay a commission of 2 EUR per side and 4 EUR per round turn. There is no commission on CFDs on stocks, stock indices, cryptocurrencies, oil, and bonds.

Pro account users can access and trade in Tickmill with some of the most popular asset classes on the market, including:

  • 62 currency pairs, including major, minor, and exotic pairs
  • International stock indices and oil
  • World's leading digital currencies
  • CFDs on stocks of top-class companies
  • Metals (gold and silver)

Unlike other brokers, Tickmill allows traders to place stop and limit orders close to market prices. You can enjoy the ease of trading with no commissions (for certain assets), no requotes, and no hidden markups.

 

Tickmill's Pro Account Conditions

💰Minimum Deposit $100
💲Base Currencies USD, EUR, GBP
🔢Spreads
0.0 pips
⚖Maximum Leverage 1:500
📊Minimum Lots 0.01
💸Commissions 2 per side per $100,000 traded
📈All Strategies Allowed Yes
🕋Swap-free Option Yes

 

Pros and Cons to Consider

Tickmill's Pro account comes with a number of considerable benefits, including tight fluctuating spreads starting from 0.0 pips, zero stop and limit levels, low minimum deposit of only $100, and the ability to use any forex trading strategy that you prefer. All of these features allow you to make trades rather comfortably with relatively lower costs compared to other brokers in the market. So even though the account type is mainly designed for professional/expert traders, the pricing is still fairly affordable considering all the benefits that you'll get.

However, one should also be aware that in the cost of the extremely low spreads, you will need to pay a commission for every trade. Commissions can add up over time and might be burdensome to some extent, especially for high-frequency traders. In this case, Tickmill offers a very low commission of only $2 per side per $100,000 traded or basically $4 per round turn. Normally, brokers would charge around $7 per lot, so Tickmill's rate is still very acceptable.

 

A Perfect Fit for Traders with Experience

Generally speaking, Tickmill is a broker best for active experienced traders and the Pro account is popular for that reason. The broker does not offer a Micro account and the minimum deposit is fairly high. But while the pricing of the Pro account type is not extremely affordable for novice traders, it is still among the lowest offerings compared to other professional accounts in the industry. This is also supported by the many advanced features offered to Pro account holders.

Using the Pro account, clients can execute trades freely using any trading strategies, including advisors-based trades and ready-made scripts. The execution process is also very effective and convenient, considering that the average execution speed is only 0.20 seconds. Not to mention the reliable trading platforms and a wide choice of tradable instruments. 

🌐 Website
tickmill.com
Leverage
1:500
💼 Regulation
💲 Min Deposit
$100
Year Established
2014

Bonuses
PAMM
Trading contests
Segregated accounts
VPS
MAM
Free education
Trading by phone
Negative balance protection
Compensation scheme
VPS
Personal manager
Affiliate program
Copy trading
Webinar
Islamic account
Low spread eur/usd
WebMoney
Skrill
Wire transfer
Neteller
QIWI
FasaPay

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.

 

Final Words

Tickmill Pro account is a perfect solution for experienced traders who wish to enjoy the best trading conditions with highly competitive fees and commissions. So, if it fits your criteria, you can just head out to Tickmill's official website and begin the registration process. It will take approximately 1 business day for the verification step, then you can fund your account and immediately start trading.

 


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.