The Tickmill demo account provides a simulated trading environment with virtual funds, allowing users to practice trading without financial risk. Tickmill offers this account as a tool for traders to familiarize themselves with market conditions, platform functionalities, and trading strategies. Opening a demo account requires completing a registration form on the Tickmill website, selecting account preferences, verifying details through email confirmation, and logging in to the chosen trading platform. Traders can customize leverage, account type, and virtual deposit during setup.
Tickmill supports the MetaTrader 4, MetaTrader 5, and Tickmill Trader platforms, accessible on desktop, web, and mobile devices. The demo account provides access to Forex, stock indices, commodities, and bonds with real-time market data. Traders can adjust their virtual balance and request modifications through the client area. Tickmill offers flexible leverage options from 1:1 to 1:1000, depending on the account type. The demo account remains active unless inactive for seven consecutive days. Tickmill integrates educational resources, including webinars, eBooks, and video tutorials, to enhance learning. Customer support is available via email for assistance with demo accounts.
The Tickmill demo account remains available indefinitely, provided users log in at least once within a seven-day period. If inactive, the account expires, but traders can open a new one. The demo environment allows users to test strategies without transaction costs or slippage, which may differ from live trading conditions. Traders planning to transition to a live account must complete identity verification and deposit a minimum of $100. Despite the advantages of practicing without risk, demo trading lacks the psychological factors of real trading, such as emotional decision-making and market execution variability.
How to open a Tickmill demo account?
There are five steps to open a Tickmill demo account. These are to visit the Tickmill’s website, fill the registration form, customize the demo account, verify your profile and login into the demo account. The different steps to open a Tickmill demo account are listed below.
First, visit the TickMill’s website. Once you visit the Tickmill website click on the “demo account” button on the top-right corner.
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Second, fill the Tickmill registration form. The registration form requires basic details like your name, email, phone number, and country of residence.
UK traders can also open a Futures demo account. Simply select your desired account type when going through the process.
Third, customize the demo account. In the same form you will also select your trading platform, account type, leverage, and virtual deposit amount. At this point, you will also select if you are joining as a retail or professional trader, and finally, agree to the terms and conditions of the demo account. This entire process should only take a few minutes to be completed
Fourth, verify your profile. With the registration form complete you will receive an instant email that you can click to activate the account. This email will also include your account details and a link to download the MetaTrader 4 platform.
Last step, login into the demo account. You will now be all set to log in to your Tickmill demo account for the first time. All you will need are the details you used to sign up. This means your username and password. Once you have logged in, you can start trading. The last thing you will have to do with your demo account is to choose the trading platform. As an EU or UK trader, you can choose MT4 or MT5. Both are available as desktop, webtrader, or on mobile app. The desktop version can be downloaded directly from your registration email link as mentioned above. For UK traders there is also the CGQ platform if you have selected a demo futures account. For all other traders, the only platform available is MT4.
What are the features of the Tickmill demo account?
The features of the Tickmill demo account are listed below.
- Trading Platforms: Tickmill offers the MetaTrader 4 (MT4), MetaTrader 5 (MT5), and Tickmill Trader platforms for its demo accounts. The MT4 platform is available for desktop (MAC or Windows) and mobile devices. Tickmill also offers its proprietary Tickmill Trader platform, accessible via mobile app (iOS and Android) or WebTrader.
- Virtual Balance: Tickmill provides demo accounts with $100,000 virtual balances. This amount can be customized according to the trader’s preferences when setting up the account.
- Market Access: Tickmill’s demo account provides access to a wide range of markets, such as Forex, stock indices, commodities, and bonds. The demo account allows you to trade over 180 CFD instruments without risking real money.
- Leverage Options: Tickmill offers flexible leverage, ranging from 1:1 to 1:1000, depending on the account type and instrument traded.
- Market Simulation: The Tickmill demo account simulates real market conditions. This allows users to experience trading with real-time market data without financial risk.
- Time Limit: Tickmill’s demo account will expire if there is no login attempt within 7 days.
- Account Modifications: Traders can modify your demo account balance for MT4, MT5, and Tickmill Trader in the Client Area. Users can request changes to your demo account settings by contacting Tickmill’s support team via email with your demo account number and the desired modifications.
- Educational Resources: Tickmill provides educational resources like eBooks, videos, and webinars to help clients learn about Forex trading. Using these resources alongside a demo account can improve understanding of trading concepts.
- Strategy Testing: The Tickmill demo account allows you to practice trading strategies in a risk-free environment using virtual funds. It is useful for testing various strategies before applying them to live trading.
- Customer Support: Tickmill offers customer support for demo account users. Traders can contact their support team via email.
The Tickmill demo account main features and characteristics are detailed in the table below.
| Tickmill Demo Account | Characteristics |
|---|---|
| Demo available | Yes |
| Trial duration | Unlimited |
| Demo platforms | MT4, MT5, CQG |
| Virtual money amount | Customizable |
| Customizable features | Yes |
What is the difference between a live and demo Tickmill account?
The differences between Tickmill demo and live accounts involve real vs. virtual funds and the presence of trading psychology in live trading. Tickmill demo accounts simulate trading conditions but can’t replicate the emotional impact of real money. Slippage is present in live Tickmill accounts but not in demo.
In demo accounts, traders practice with virtual money without the fear of losses, while in live accounts, traders operate with real money. This involves financial risks, as losses have a direct impact on traders’ capital.
Demo accounts try to replicate real market conditions, but factors such as commissions and slippage can lead to differences in the market execution compared to live trading. When trading in real, the lack of liquidity can produce differences between the requested order price and the order’s execution price, known as Slippage. When price changes quickly, your order can be executed at a different price compared to when the order was opened. Slippage will not happen in a demo account because it’s filled with virtual money.
In live accounts, traders encounter costs, such as commissions, spread and other transaction costs, which affect traders’ earnings, while in the demo account there are no transaction costs and commissions are low or equal to zero.
How to switch from a Tickmill demo to a Tickmill live account?
There are three steps to switch from a Tickmill demo to a Tickmill live account. These are to provide proof of your identity, verify your account and make the first deposit. The different steps to switch from a Tickmill demo to a Tickmill live account are listed below.
First, provide proof of your identity (Passport, ID or Driver License) and proof of your residence (Bill utility or bank statement) to get verified. Depending on the country, Tickmill may ask more questions to check your trading experience.
Second, Tickmill will verify your account. This step confirms that your identity and residence have been authenticated.
Finally, make your first deposit and start trading. The first Tickmill minimum deposit is $100. When switching to a live account, your demo will still be available.
How to best use a Tickmill demo account?
To best use a Tickmill demo account you have to set up a demo account as you would set up a real account, avoid opening large positions, treat money as if it were real, practice daily and use the learning materials offered by the broker.
Set up your Tickmill demo account as you would a real account. Choose the same platform, leverage, currency, balance, and account type to create a realistic trading environment. This will help you understand how your trades would perform under actual market conditions.
Avoid opening large positions unless you plan to trade with large amounts of money in a live account. Keeping your trades realistic ensures that your strategies remain practical and applicable when transitioning to real trading.
Treat the virtual money in your demo account as if it were real. This mindset helps build discipline, emotional control, and risk management skills, which are essential for long-term success in trading.
Practice daily to sharpen your skills. Regular trading will help you understand market movements, refine your strategies, and improve decision-making under different conditions.
Make use of all the features and support offered by Tickmill. Explore tools, educational resources, and customer support to maximize your learning and get the most out of your demo experience.
What are the advantages of a Tickmill demo account?
The advantages of a Tickmill demo account are listed below.
- Good choice of trading platforms: allows traders to choose between MT4, MT5 and proprietary platform
- Easy to open: it is a quick procedure, which takes a few minutes
- Knowing the platform: allows traders to learn and familiarize themselves with the platform offered by broker
- Risk-Free Environment: allows traders to practice trading techniques and strategies without risking real money
What are the disadvantages of a Tickmill demo account?
The disadvantages of a Tickmill demo account are listed below.
- Ignoring risk management: traders use virtual money and may not fully understand the importance of risk management
- Lack of the psychological factor: it can lead to a false sense of security
- No slippage: demo accounts allow you to execute orders at the requested price and can lead to unrealistic expectations of the markets
To find out more about Tickmill’s characteristics, features, pros and cons and opinions, check out our “Tickmill review.”