The Tickmill Demo account allows traders to practice trading in real-time and offers access to test tools in a completely risk-free environment. Access a wide range of markets including Forex, Stock indices, Commodities, and bonds in less than a minute – risk-free with virtual funding.
How to set up a Demo Account – Step by Step
To register and set up a demo account (also called a practice account) with Tickmill, traders must visit the website and follow the simple steps.
The MT4 demo account is a Full-featured Trading Platform with which they can practice trading in real-time, test tools and strategies, and sharpen their trading skills in a completely risk-free environment.
They can access a wide range of markets including Forex, Stock Indices, Commodities, and Bonds, and discover some of the lowest spreads in the market before moving on to a live account.
Tickmill accounts can be opened in USD, EUR, GBP, and PLN.
An account verification process is usually mandatory due to regulatory requirements, so keep a copy of your ID and a proof of residency document ready for the last step.
Note that this ‘Know Your Client (KYC) process, may only be necessary once you decide to move forward and work with real money.
Follow these steps to open an account:
- You will need to have your email address and ID ready
- Fill in the form
- Download platform
- Connect to a Demo server
- Log in to your account
- Trade risk-free
A demo account is also referred to as a practice account because it provides traders with the ability and freedom to explore a broker’s offering without running the risk of losing money, due to the provision of virtual money with which to ‘trade’.
Beginner traders can use a demo account to get acquainted with the live trading environment, where they can actively participate in trades and develop their own strategies.
Demo accounts are not intended for beginners only but provide more advanced traders an opportunity to explore what Tickmill has to offer.
Tickmill Demo Account Features
Tickmill’s demo account imitates the conditions of a live trading account and gives traders access to the same functions, features, and options they would have on a live trading account, with the exception that the demo account is risk-free since they make use of virtual funds to conduct their trading. Due to this, traders cannot withdraw any profits which are made on the demo account.
Pros and Cons
|✔️ Pros||❌ Cons|
|Competitive spread of 1.6 pips on average for EUR/USD with their Classic Account||Limited platform options|
|Demo account available||Tickmill does not offer the Metatrader5 version|
|High leverage available|
|No Deposit and Withdrawal Charges|
|Tickmill is an NDD broker with no conflict of interest with its clients|
|Wide range of currency pairs available for trading forex.|
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Frequently Asked Questions
What is the difference between a demo and a live trading account?
A demo account as is offered by broker companies like Tickmill is usually funded with virtual money and gives a prospective customer the opportunity to experiment with the company’s trading platforms and its features.
Does Tickmill offer a demo account?
Can I convert my demo account to a live trading account with Tickmill?
This is not clear from the information on the company homepage.
Which live trading accounts does Tickmill offer?
- Classic Account
- Pro Account
- VIP Account
Does Tickmill offer an Islamic Account?
Yes, on all account types.
What are the available deposit currencies for a live trading account?
USD, EUR, GBP, and PLN.
Featured SA Shares Writer and Forex Analyst.