For new investors who do not know how to trade on Tickmill, starting by registering for a Tickmill Demo account is the perfect choice. With this account, you can practice trading without any fees. For details on how to register, please refer to Learn Forex Trading in the article below.
Learn about the Tickmill Demo account
Before registering to open a Demo account on Tickmill, first learn some basic information about this type of account.
What is a Tickmill Demo account?
This is a type of trading account that allows investors to place buy and sell orders on the financial market using virtual currency. At that time, traders will use virtual money provided by Tickmill to buy and sell assets, foreign exchange, or cryptocurrency.
If the order is lost, you will not lose any fees. At the same time, if they win and make a profit, investors cannot withdraw money.
For the Tickmill demo account, traders will have time to get used to the interface, charts, and features before participating in actual trading.
See more: Latest instructions for Tickmill open account
Features of Tickmill Demo account
Demo accounts and real accounts are designed similarly. Investors can access the same functions, features, and options available on real accounts. The basic features available on the Demo account include:
- Virtual deposit: This is virtual money provided by Tickmill, allowing investors to participate in placing orders. The maximum amount of virtual money received is 10,000 USD.
- Leverage: Investors can customize the leverage level they desire. However, it should be noted that the higher the leverage, the greater the risk.
- Trading platform: Currently Tickmill is providing the MetaTrader 4 trading platform. Investors can trade directly on the web version or install it on their PC to easily monitor and place orders.
Tickmill Review Demo account
Demo accounts are the most suitable choice for new investors. However, it also has a few minor limitations. Please review the pros and cons below before registering an account.
Outstanding Advantages of Tickmill Demo
- The interface is simple and easy to see, so new investors can easily get acquainted and make transactions.
- You can use the Demo account without any time limit.
- You can choose the deposit amount as you like.
- Leverage can be adjusted as desired.
Disadvantages of Tickmill Demo account
Since this is a free demo account, there are still disadvantages. Specifically, investors will not have any risk aversion to the virtual money provided by the exchange.
This will greatly affect when switching to trading on a real account:
- Trading without principles or emotions makes trading on a real account susceptible to losses.
- Engaging in trading on a demo account is risk-free. When investors get used to this, it will cause obstacles in improving their trading experience.
- Insatiable trading: This is the most common mistake investors make when trading on a Demo account for too long. Traders often open multiple orders with volume at the same time. This not only causes the inability to manage risks when trading.
Is the scam Tickmill demo account information true?
After studying Tickmill review information, we can confirm that Demo accounts are safe and do not cause any losses or negative effects to investors. On the contrary, it also creates an environment to help traders practice and become familiar with the trading platform before placing actual orders and also receives attractive incentives from the Tickmill Bonus program.
Instructions on how to register for a Tickmill Demo account
Registering a Demo account on Tickmill is extremely simple. Investors just need to follow these steps:
Step 1: Access the Tickmill exchange
First, go directly to the Tickmill trading exchange. Note, access the latest link of the exchange to avoid confusion or being blocked.
Step 2: Select the Tickmill Demo account
The screen will now display the interface of the Tickmill exchange. You just need to look up in the right corner and select the Demo account section to register.
Step 3: Fill in the information required by Tickmill
The system displays an online form, asking users to provide basic information. Include:
- Surname
- Name
- Email address
- Area
- Email address
- Communication
- Account type
- Account type
- Virtual deposits
- Demo account currency
Fill in the information to register for a Tickmill demo account
In addition, investors need to confirm “agree to receive your newsletter and special offers” and confirm that they have carefully read the terms and privacy policy of Tickmill.
Step 4: Confirm Tickmill Demo registration email
To increase security, the system will automatically send a registration confirmation email. Traders just need to check their mailbox to confirm demo account registration at Tickmill.
See more: Instructions Tickmill sign up on your phone
Step 5: Download the platform to your device and Tickmill Login your trading account
Investors can choose to download the MT4 platform to their computer or phone for easier viewing and simpler trading.
This is one of the most used platforms today. The MT4 interface is easy to observe, investors can trade with just a few clicks. What traders need to do is download MT4 on the Tickmill website, log in to the previously registered demo account, and start trading as usual.
Conclude
Above is a summary of all information about the Tickmill Demo account. Hopefully, it will help investors in the process of learning about financial investment. Follow Learn Forex Trading next articles to learn more useful knowledge.
Q&A
Below are a few questions related to the Tickmill Demo account. Investors can refer to this account to better understand it.
What is the difference between a Tickmill demo account and a real account?
The biggest difference between Demo accounts and real accounts is the investment money that traders use. For Demo accounts, investors can choose the amount of virtual money they want.
When trading on a Demo account, traders will experience less pressure and can adjust the leverage level as desired. The profits earned by investors from the Demo account cannot be withdrawn.
How long is a Tickmill Demo account valid?
Currently, Tickmill does not limit the time to use Demo accounts. Therefore, investors can freely register and use it until they are proficient.
Besides Demo accounts, does the exchange provide any other accounts?
Once proficient in using tools, and charts and placing orders in the Demo account, investors can switch to registering for a real account to start participating in trading. Specifically:
- Classic account: Minimum deposit 100$, Spread 1.6 pips, no commission, minimum volume 0.01, leverage 1:500.
- Pro account: Minimum deposit requirement 100 USD, Spread = 0, Commission = 2$/lot, leverage 1:500, minimum volume 0.01.
- VIP account: Minimum deposit requirement 50,000 USD, Spread = 0. Commission = 1.6 $/lot. Maximum leverage is 1:500 and minimum volume is 0.01.
