Review of Tickmill Demo Account | Tickmill Welcome Bonus Offer
Tickmill Review Demo Account: Tickmill was founded in 2014 and is regulated globally. The company has one of the quickest execution times in the industry, with average execution durations of 0.15 seconds and no re-quotes. It includes regulation from the Financial Conduct Authority (FCA) of the United Kingdom, the Cyprus Securities and Exchange Commission (CySEC), the Seychelles Financial Services Authority (FSA), the Financial Sector Conduct Authority of South Africa (FSCA), and the Labuan Financial Services Authority (Labuan FSA).
Through four main trading accounts named the Pro Account, Classic Account, VIP Account, and Futures Account, traders may trade on more than 135 financial instruments including CFDs and Futures on Forex, Indices, Commodities, and Bonds. A demo trading account and an Islamic swap-free account are also available from the broker.
Users can trade on the CQG platform as well as the widely recognised MetaTrader 4 trading platform for Windows, Mac, Web, Android, and iOS operating systems. Users may access a variety of trader research and education materials, including webinars, seminars, ebooks, video lessons, and news articles, as well as trading programmes like AutoChartist.
| Tickmill | |
| Year founded | 2014 |
| Headquarters | Seychelles |
| Bonus (Welcome Bonus) | $30 |
| Base Currencies | USD, GBP, EUR |
| Deposit Methods | Skrill, Neteller, Sticpay, Fasapay and more |
| Minimum deposit | $100 |
| Withdrawal fee amount | Nil |
| Demo Trading Account | Yes |
| Minimum Leverage | 1:1 |
| Maximum Leverage | 1:500 |
| Live support | Yes |
Facts about the Tickmill demo account:
Tickmill provides a free demo account for you to practise the trading platform. When you register, you may select the account’s leverage and the virtual deposit. The term “demo account” refers to trading with virtual money with no risk. Beginners may practise their first transactions, while expert traders can learn new techniques or trade new assets. The demo account may be used for a variety of purposes.
Virtual deposit:
Choose the amount of your deposit. It might be a number. We advise that you use your real deposit investment amount afterwards. Use the demo account as if it were real money.
Read More: 7 Reason to Trade Forex
Leverage:
Tickmill offers leveraged financial products, such as forex and CFDs. The leverage on the demo account may be selected. It can go as high as 1:500.
The use of leverage and margin is one of the most appealing aspects of forex trading. These applications enable traders to open and maintain a significantly larger position with a modest amount of capital. For example, if a trader wants to open a $100,000 USD transaction, they do not need to have $100,000 in their account!
Technically, leverage occurs when a trader has a high sum of money at their disposal while spending a much lesser amount of their own money. They basically borrow the remaining funds from their broker.
For Example, Clients trading with a 1:1000 leverage with $1,000 USD in their account, effectively receives $10,00,000 available for trading.
Traders can open larger positions and potentially earn higher gains when trading with a larger quantity, as leverage allows. However, larger investments come with a greater risk of higher losses.
Tickmill, as a result, provides minimum leverage of 1:1 and maximum leverage of 1:500, which is normal in the sector but higher than the leverage is permitted for only EU residents traders.
Currency: Account balances are available in USD, GBP, EUR, and PLN.
Advantages of the Tickmill demo account:
- Free
- Unlimited
- Choose the deposit amount
- Choose the leverage
- Trade without risk, Virtual money
- Learn techniques and tools
How to open the Tickmill free demo account
We will let you know exactly how to open a free trial account with Tickmill in the following steps. Tickmill is offering a Tickmill 30$ Welcome Bonus Offer for first-time users.
Step 1. Fill your details into the form
Fill all the required information into the form to obtain a demo account and then select the account type, deposit amount, and account leverage.
Step 2. Confirm your Mail
After confirmation of the email, Tickmill will send an email to you with your trade account login credentials.
Step 3. Download the MetaTrader 4 trading platform
Download the MetaTrader 4 trading platform (tickmill mt4) on your mobile or desktop or even use the web trader. Now get log in using your account information.
MetaTrader 4 is a prominent piece of software for retail traders all around the world. With a few mouse clicks, you can have access to the financial markets. Make changes to the charts as per your choice. There are several tools and indicators available for your specific study.
Make your time to see all assets and marketplaces on the trading platform.
Step 4. Start trading
To invest in a market, you must first open a new order window. Input your position’s trading volume and risk management (stop loss and take profit). Calculating the positions is difficult for beginners. That is why they should start with a demo account. Tickmill, on the other hand, provides useful forex calculator tools to assist you to understand it quickly.
Note: 1 volume/lot equals 100 units of the base currency
Why you should use the Tickmill demo account
The demo account is with a virtual balance. Traders may invest without risk, just like they would with actual money.
Beginners:
Beginners should begin with a demo account. If you are new to trading, you should know and do experiment with techniques, tools, and market behaviour. Forex trading is extremely risky, and you may lose a lot of money if you don’t know what you’re doing. If you feel confident, you can begin trading with a little amount of real money.
Advanced traders.
The Tickmill demo account is ideal for expert traders also, who want to learn more about the conditions of the broker. You may also experiment with different trading techniques and markets.
Note: Tickmill’s demo account is open to new traders and will stay open until there is no login for 7 consecutive days.
Details of Tickmill account types, Classic Account, Pro Account and VIP account
Tickmill Classic Account
This is the entry-level account of Tickmill which needs a minimum of $100 deposit and also offers the option of an Islamic Swap-free account.
The Classic Account offers spreads that start at 1.6 pips and maximum leverage of 1:500. Traders should remember, instead of charging a fee on each transaction, that this is the only account that uses wider spreads.
Tickmill Pro-Account The pro account requires a minimum deposit of USD 100 and is a professional trader’s entry-level account.
Tighter spreads are available for a fee of $2 USD per side for each 100,000 (a standard lot) traded.
Tickmill VIP Account
The VIP Account is designed for high professional traders and needs a minimum deposit of $50,000 USD. The charge has been cut to one USD each side for 100,000 (a typical lot) transacted, making trading even more profitable
Conclusion Tickmill Review Demo Account:
Overall Rating: 4.8/ 5
Rated #3 of Recommended FX Brokers
Download Tickmill app: Android, IOS
Start Now: Tickmill Welcome Account Free $30
Source: Sashares Trusted Reviews
