What are your spreads?

We offer floating spreads for all account types – Classic, Pro, and VIP. The Classic account offers variable spreads, starting from 1.6 pips with no commissions. Both Pro and VIP accounts offer variable spreads, starting from 0.0 pips with low commissions.

You can check out our spreads at our web page (choose an instrument from the table and click on it) or at the MT4 trading platform.

At market opening and closing times and prior to announcements, the market spreads may widen substantially. Consequently, you must ensure that you have sufficient funds on your account to cover this eventuality.

Do you offer MT4 MultiTerminal?

We do not offer MT4 MultiTerminal. If you wish, you can install multiple MT4 platforms and place them in different folders. Please download the MT4 platform from our website:

If you click ‘NEXT’ on the first screen, it will then install MT4 to the default folder without asking. On the first screen, you will see the options ‘NEXT’, ‘CANCEL’ and ‘SETTINGS’. You need to click on ‘SETTINGS’ to change the default folder. Then, the system will give you the option to change the default install patch.

How to find/check historical data?

You can download historical data from the MT4 trading platform, by clicking on: Tools > History Centre – then choose a trading instrument and finally press the ‘Download’ button. History will then be available on your trading platform, so you can click on: File > Open offline > Open Offline Chart. Please note that the longer the time frame, the longer the available history will be. For example, M5 history is available for 1.5 weeks, M15 history for 1 month, etc.

What are the limits of setting SL, TP, and TS?

You can set Stop Loss and Take Profit orders with no limits on all account types. SL and TP orders will still be active, even if your computer is switched off. The minimum Trailing Stop level is 1.5 pips or 15 points. It is possible to set only 1 trailing stop per order. You need to have the MT4 platform open to keep the trailing stop active.

Do you provide tick data?

Currently, we do not provide tick data, as MT4 is not able to store all ticks. Therefore, the tick data would not be accurate. There is an option for the server to store tick data, but we do not use it, as it is not able to store 100% of the ticks. In addition, that would slow down the server considerably due to a large amount of data, as the ticks are not filtered.

Do you offer FIX API connection?

We offer FIX API connection to our large private clients and institutional clients. The minimum account balance required is 500,000 £$€ and the required minimum monthly commission fee generated should be 5,000 £$€. We are not offering a demo version. If a client generates 5,000 £$€ or more in monthly commissions, then we do not charge any fees for using this service. However, if the monthly commissions are less than 5,000 £$€, then a fee applies (5,000 £$€ – amount of commission generated).

Do you offer negative balance protection/cover negative balance?

Traders who use the maximum leverage available face the risk of a negative balance.

For example: Let’s assume that you have 4,000 USD on your account and you open 1 lot on USDJPY on Friday evening, with 1:30 leverage and 3,333.3 USD margin. *

On Sunday night, the market opens 500 pips away from Friday’s closing price in a direction against you, so your position will immediately have a loss of 500 pips x 10 USD = 5,000 USD loss, while you have only 4,000 USD on your account.

The position will be automatically closed and your account would have a negative balance of -1,000 USD. This situation is 100% impossible when a trader uses 1:1 leverage. The higher leverage a trader uses, the more risks they take. Please also note that a negative balance may occur due to a slippage during high volatility.

Tickmill covers the negative balance, ensuring that clients cannot lose more money than they put it. Moreover, our Risk department is constantly monitoring our clients’ risk-taking and if we see that a client trades irresponsibly, then we will notify the client via e-mail and ask them to reduce risk exposure. Also, we might reduce the leverage on the client’s account.

*This is an illustrative example.


What are the requirements of the Myfxbook Auto Trade?

The minimum amount to start trading on the AutoTrade account is 1,000 $€£. Trading terms are the same as on the Pro, except for a 0.6 pip markup per side (1.2 pips in total). For example, if you trade 1 lot on EURUSD, then your total cost is = a commission of 4 euros + 1.2 pip spread. EA and manual trading are allowed on Myfxbook AutoTrade accounts.

What is Tickmill’s trade execution model?

Tickmill is an FCA UK regulated broker with a fully automated No Dealing Desk (NDD) execution model, providing liquidity from global, top-tier banks and hedge funds.

What is a slippage?

Tickmill is a NDD broker, which means that we just clear our clients’ trades and retranslate quotes we get from our liquidity providers. Orders in the real market are always executed at current market prices, which is why a slippage may occur in the case of a sharp movement. Please note, that during market-moving news or high volatility, the risk of slippage is higher than during normal conditions. With us, you will get both positive and negative slippages.

Are hedging and scalping allowed?

Hedging is allowed (arbitrage trading). The required margin for hedging positions on Classic, Pro, and VIP accounts is 0. Scalping is also allowed. There are no time limitations for keeping the positions open.

What are the minimum and maximum account leverage you offer?

For Professional Clients:

The minimum leverage is 1:1. The maximum and default leverage is 1:500.

Metal leverage: The leverage for gold is equal to the account leverage, while the leverage for silver is 4 times lower than the account leverage. If the trading account has a leverage of 1:500, then the leverage for gold will be 1:500 and the leverage for silver will be 1:125.

For Retail Clients:

The minimum leverage is 1:1, while the maximum leverage is 1:30:

1:30 on Major FX Pairs

1:20 on Major Stock Indices, Non-Major Currencies and Gold

1:10 on Silver, WTI and Non-Major Indices

1:5 on Bonds

1:2 on CFDs on Cryptocurrencies

What are your margin call/stop out levels?

Our margin call / stop out levels are different depending on client type:

Client Type Margin Call / Stop Out
Retail Clients 100% / 50%
Professional Clients 100% / 30%

 Your account may be subject to a margin call if your account equity falls to a level that is equal to the margin of your existing positions. For example, you have an open position of 1 lot on EURUSD. The margin to hold that position is 3,333.33 EUR for clients of Tickmill UK Ltd (FCA UK Regulated). *

When you opened the account, you had a 6,000 EUR equity on your account. When the position starts to move against you and your account equity falls to 3,333.33 EUR, you will have a margin call. But your position will not be closed yet. When your account equity falls to 50% of the required margin, then the system starts to close your positions immediately.

Taking the above example, if you open a position with 3,333.33 EUR of margin and your account equity falls to 1,666.66 EUR, then the system starts to close your position. If you have several positions opened, then the system closes them starting from the one with the biggest loss.

If, while closing the positions, your account equity reaches a level of more than 50% of the required margin, all other positions will remain open.

* This is an illustrative example.

What is your order execution speed?

Our average execution speed is around 100 milliseconds.

What are the minimum and maximum position sizes?

The minimum trade size is 0.01 lot and the maximum trade size is 100 lots. The maximum amount of orders you can open on an MT4 account is 200.

What is the commission on the VIP account?

On the VIP account, there is a commission of 1 per side per lot (0.0010% notional) in the base currency of the trading instrument. For example, if you open 1 lot on EURUSD (1 lot = 100,000 EUR), then the commission is 1 EUR per side and 2 EUR per round turn. For 1 lot on GBPUSD, the commission is 1 GBP per side and 2 GBP per round turn. For 1 lot on AUDUSD, the commission is 1 AUD per side and 2 AUD per round turn. If you have a USD account, then 2 EUR, 2 GBP and 2 AUD will be automatically converted to USD.

What is the commission on the Pro account?

The Pro account has a commission of 2 per side per lot (0.0020% notional) in the base currency of the trading instrument. For example, if you open 1 lot on EURUSD (1 lot = 100,000 EUR), then the commission is 2 EUR per side and 4 EUR per round turn. For 1 lot on GBPUSD, the commission is 2 GBP per side and 4 GBP per round turn. For 1 lot on AUDUSD, the commission is 2 AUD per side and 4 AUD per round turn. If you have a USD account, then 4 EUR, 4 GBP and 4 AUD will be automatically converted to USD.

What are the advantages of trading with Tickmill?

Tickmill provides you with low spreads starting from 0.0 pips and ultra-fast execution speed of 0.1 second on average. Skrill, Neteller and credit card deposits are processed instantly while withdrawals are processed within one working day. We are proud that we have no restrictions on trading and no requotes. We also allow scalping, hedging, arbitrage, EAs and algorithms.

Where is Tickmill regulated?

Tickmill is a trading name of Tickmill UK Ltd, which is authorised and regulated by the Financial Conduct Authority (FCA) of the United Kingdom.

Tickmill is also the trading name of Tickmill Europe Ltd which is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) and of Tickmill Ltd which is regulated by the Financial Services Authority of Seychelles (FSA).

What are your trading hours?

FX trading is available 24 hours a day, 5 days a week. You can trade from Monday 00:00 to Thursday 24:00 and on Friday from 00:00 until 23:58 (MT4 Server time). For CFDs on stock indices and WTI, we have specific trading hours listed here. The server time is set to GMT+2 and GMT+3 during DST in the US and Europe.

What spreads do you offer?

On the Classic account, spreads start from 1.6 pips, whereas on the Pro and VIP accounts – from 0.0 pips.

At market opening and closing times and prior to announcements, the market spread may widen substantially. Consequently, you must ensure that you have sufficient funds on your account to cover this eventuality.

What commission will I be charged for trading on the MT4 platform?

There are no commissions on the Classic account. The commission on the Pro account is 2 units of the base currency per side per lot and on the VIP account 1 unit of the base currency per side per lot.

Do you have a dealing desk?

We don’t have a dealing desk because we are a NDD broker and all our procedures are automated. We have no conflict of interest with our clients as 100% of the orders are cleared with liquidity providers.

Does slippage occur in your platform?

At Tickmill, slippage can occur during big news announcements, depending on the market conditions and volatility. There could be both positive and negative slippage.

Do I get any requotes?

Tickmill is one of the few NDD brokers that doesn’t have any requotes.

How many platforms are available for trading?

We offer one of the most popular and easy-to-use platforms, MetaTrader 4, which is available for Windows, OS X, iOS and Android. At Tickmill, you can also trade instantly with our Web Trader that requires no installation whatsoever.

Is your platform compatible with Mac?

Yes, Tickmill provides you with a MetaTrader 4 platform for your Mac that is almost identical to a regular Windows application.

What is the margin call procedure for MT4?

Negative price movement can potentially lead to a margin call and the subsequent triggering of an automated margin close-out of positions. In the event that market conditions are unfavourable to you, we will set a stop-out level to reduce your maximum loss. This means that we will set a threshold of margin value, below which positions are automatically closed. This stop out is set at 30% of the margin for Professional Clients, and at 50% of the margin for Retail Clients. For example, based on a margin of 100, the position would be automatically closed if the net equity** reaches 50 or lower (for Retail Clients).

In a nutshell, once your account net equity drops below 100% of the initial margin required to establish the open position(s), MT4 changes colour to red to indicate that you are close to or on margin call, and once your account net equity drops below 50% or 30% of the margin requirements (depending on entity and client classification), it will close your trades one by one, starting with the trade with the biggest loss.

(**Net equity: Defined as the sum of the client’s net profit and loss on an open position(s) and client’s deposited funds.)

Do you offer Swap-Free accounts?

Yes, we offer Muslim traders all our accounts with a swap-free option.

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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.