Understanding Tickmill Account Types
As a global leader in the brokerage industry, Tickmill offers various account types designed to meet the diverse needs of traders. Here are the main types of accounts available.
Tickmill Pro Account
This type of account is designed for experienced traders with a lower spread starting from 0 pips and a commission per lot. The minimum deposit for a Pro account is relatively low, making it accessible to a wide range of traders.
Tickmill Classic and Micro Accounts
Classic and Micro accounts are suitable for beginner traders offering a shutdown from 1.6 pips and no commission per lot. Classic accounts feature a minimum deposit requirement, while Micro accounts allow trading with a smaller initial investment.
Unique Offerings: Tickmill VIP and ECN Accounts
Tickmill’s VIP and ECN accounts are ideal for seasoned and high-volume traders. The VIP account allows for more favorable trading conditions with a large minimum balance requirement. On the other hand, ECN accounts offer direct access to the market, ensuring no dealer intervention and the best possible spreads.
Special Accounts: Tickmill Cent, Islamic and Bonus Accounts
The broker also accommodates specific trading requirements with its Cent, Islamic, and Bonus accounts. Cent accounts are perfect for those just getting started or wishing to test strategies without large financial risks. The Islamic account caters to traders who wish to trade according to the principles of Islamic law, with no swap or rollover interest on overnight positions. Traders can also benefit from bonus accounts that provide promotional offers and deposits.