Tickmill MT5 is a relatively young forex trading platform in the foreign exchange market. Although it has just been launched not long ago, the exchange has created many impressive achievements. In US , although it does not use too many promotional campaigns, Tickmill Broker is still the choice of many traders. If you are also interested in Tickmill MT5, don’t miss the article below from Learn Forex Trading!
Learn about Tickmill MT5
Tickmill is a forex trading exchange founded in the UK, its predecessor was Armada Markets, established in 2008. By 2014, the exchange was known as Tickmill. In terms of age, Tickmill Broker is still quite young.
Tickmill exchange includes 3 companies operating in 3 major financial centers in the world. Currently, the exchange has been licensed by large and reputable financial organizations in the world such as FCA, FSCA, FSA Lanuan FSA, and CySEC. This is one of the rare forex exchanges that can do this. Among them, FCA is considered the most difficult license to obtain. FCA is the most prestigious financial agency in the UK. This agency only accepts forex brokers that meet the requirements of capital source, customer compensation level, maintaining separate accounts, and being a member of the UK compensation scheme. Up to now, the exchange has been upgrading trading on many platforms, of which Tickmill MT5 is the most prominent.
To be able to receive these licenses, Tickmill Broker must definitely be a broker with outstanding financial capacity, reputation, and professionalism. Please follow the review Tickmill MT5 article below.
>>>See more: Latest instructions for Tickmill open account
Outstanding features of Tickmill MT5 compared to MT4
Previously Tickmill only supported the MT4 platform and was available on MAC/Window devices. Currently, the exchange has been upgraded to become MT5 Tickmill. This platform is supported with many additional features and tools to make trading more powerful and superior. The outstanding features of Tickmill MT5 compared to MT4 Tickmill that need to be mentioned are:
- This platform works on computers, websites, Android, and IOS
- There are a variety of products such as forex, stocks, cryptocurrencies, commodities, and bonds.
- MT5 Tickmill has up to 6 types of pending orders, including Limit, Stop, and Stop–limit.
- The platform supports more than 38 indicators, 21 time frames, and 44 analysis objects.
- Integrated economic calendar.
- Applying superior algorithms such as Trading Robots, Copy Trade, EA
Thus, upgrading to MT5 Tickmill will help customers have more options and a good trading experience compared to the previous MT4.
Should I trade on the exchange Tickmill MT5?
To decide whether to choose this trading platform or not, investors need to consider the above outstanding advantages and limitations of MT5 Tickmill.
Outstanding advantages of Tickmill broker
- Tickmill Forex exchange is licensed to operate by many reputable financial organizations in the world
- Spreads and transaction fees are extremely reasonable.
- The platform has many different account types for traders to choose from.
- Create many attractive modes and promotions.
- How to deposit and withdraw money is simple, fast, and convenient
- Implement a reputable customer care regime.
Some points are still limited on the Tickmill exchange
- The minimum amount needed to deposit is quite high
- The exchange uses a maximum leverage of 1:500, lower than other exchanges.
Detailed instructions on how to use Tickmill MT5
The most accurate way to open a Tickmill Forex account
This part can be divided into 2 main stages as follows:
To open a trading account at TickMill forex exchange, visit the exchange’s website at: https://www.tickmill.com/
Fill in personal information and verify identity. The platform will ask you for some information to evaluate your experience and then suggest suitable documents.
Once completed, you will wait for information verification usually 24 – 48 hours.
How to log in to your forex trading account Tickmill MT5
Download the MT5 application to your device, then click File, and select Login to Trader Account. Fill in the account number, password, and server name then click OK. So you have successfully logged in to your Forex trading account.
How to use MT5 Tickmill features
To become proficient in MT5 Tickmill trading, we will learn the functions of each part of this application, specifically:
Market Watch area
Market Watch data: This is where all the products you can trade are displayed, in the Symbol column are symbols of forex trading pairs or products, Bid (selling price), and Ask (buying price).
The show-all dialog box includes tools such as:
- New order: place a new order.
- Depth of market: market depth of the Forex pair.
- Specification: the information displayed is minimum/maximum order volume, swap fees,…
Columns dialog box: you can choose the statistics displayed in the Market Watch area, some important information is required such as spread, highest/lowest price, and opening/closing price, …
Navigator area
The Accounts section you need to pay the most attention to, is where all your MT5 accounts are displayed.
In addition to some other items you also need to pay attention to such as:
- Indicators: technical indicators.
- Expert Advisors: automatic price chart trading system.
- Scripts: support making transactions faster.
Toolbox area
- Trade: displays all running orders and other information about your trading account such as capital, balance, margin,…
- History: transaction history of buy, sell, withdraw, deposit orders…
- New: update economic and political news around the world.
- Calendar: MT5 economic calendar
- Alerts: transaction alerts
- Codebase, Experts, VPS: programming services or custom indicators
Price chart area of Tickmill MT5
Price charts, you can zoom in or out as you like
The Properties dialog box has a number of tools such as:
- Common: provide the price chart you want to choose.
- Show: allows displaying values and parameters on the chart or not.
- Colors: set colors according to user preferences
>>>See more: Instructions Tickmill sign up on your phone
Menu bar area
File toolbar
- New Chart: open a new price chart for a certain product.
- Open an Account: open a new trading account.
- Login to Trade Account: log in to your trading account on Meta Trader5.
- View: show or hide the areas you want.
Toolbar view: there is a language section for MT5 software, Toolbars allow you to display or not the toolbars below the menu.
Hopefully, the information shared above by Learn Forex Trading will help you have the most general overview of Tickmill MT5. Hope you make successful and accurate trading decisions!
frequently asked Questions
Question 1: How much money is needed to open an account for Tickmill MT5?
The minimum amount to open a Tickmill account depends on which account type you choose. Therefore, for details about this amount, you should refer to Tickmill’s official website.
Question 2: Does opening an MT5 Tickmill account require trading experience?
Anyone interested in trading forex and CFDs can open an account and trade on Tickmill
Question 3: What do I need to do to withdraw money from my account on Tickmill?
First, you need to log in to your account and then choose the appropriate withdrawal method such as bank transfer, credit card, and e-wallet. For a smooth withdrawal process, make sure you meet the withdrawal requirements and strictly comply with Tickmill’s regulations.
