Tickmill FAQ Review: Account types, Deposits, And Withdrawals

With a client-centric approach and a commitment to providing innovative solutions, the company has quickly gained a strong foothold in the market. Tickmill’s rapid growth is attributed to its dedication to delivering exceptional trading conditions and outstanding customer service. If an account falls below a zero balance, Tickmill will cover the debt by providing Negative Balance Protection.

The speaker is good and explains the topics well, especially the fundamental analysis. The speaker has extensive knowledge in forex trading so he can share many experiences as a long time trader. I have started trading in the live account and I highly recommend this broker because of the low spread and low commission. Trading with Tickmill will involve fees from $100 USD, spreads from 0.00 pips to 1.6 pips, and commission-free trading depending on the account traders select. A minimum deposit of $100 USD is required to open a Tickmill Live trading account.

  • We withdrew our funds via the four payment methods we used to make our initial deposits to test all the available withdrawal options.
  • Long-term investors also have an opportunity to trade towards a positive swap.
  • All websites and web-based platforms are tested using the latest version of the Google Chrome browser.
  • They provide trading services in over 87 instruments via the MT4 platform, offering competitive spreads and commissions, advanced trading tools, and fast executions.
  • Usually, one article with fundamental market analysis is published a day.

Our team conducts thorough testing on a wide range of brokers, platforms, products, technologies, third-party trading tools, and mobile apps. We also test for the availability of high-quality educational content, actionable market research resources, and the accessibility and capabilities of mobile platforms. All of our ratings and rankings are based on the collection and validation of thousands of data points and our in-depth product testing.

There are also educational features such as Webinars, Seminars, Ebooks, and Video Tutorials. All of these facilities can be used by traders to increase knowledge about trading and the financial market as a whole. If traders already have enough knowledge, they have a greater opportunity for earning profit consistently. After registering in Tickmill, traders can choose the most ideal asset among 60 currency pairs that they can trade. If traders aren’t sure yet to open a real account, Tickmill recommends learning to trade through a demo account. I am Padmapriya and have an account with Tickmill Seychelles.

Tickmill Review 2021

Seriousness, competence, honesty, customer service, quick withdrawals and one of the lowest spreads on the market. I’ve been a customer for almost four years and I’m 100% satisfied! I recommend it to everyone, and a special hug to my account manager Brunno Huertas who has always served me with excellence. The Tickmill platform currently supports a number of different eWallet solutions.

To open an Islamic account, you should contact Tickmill customer support and they will process the request within one business day. If you plan to open multiple accounts with Tickmill, any future accounts will also be swap-free, saving you time. There are three main types of accounts outlined in this review, with some other variations available.

Popular Forex Guides

According to the rules of Tickmill, demo accounts that have not been used for more than 7 days are automatically deactivated. In order to open an Islamic account, you first need to open and verify the account and then send a request to the customer support. The selection of base currencies (EUR, USD, GBP), settings of leverages and admissible strategies are similar for all account types.

Technical analysis

It offers optimal conditions with fast order execution while enabling traders to use virtually any trading strategy. Additionally, the account is trade commission-free so traders only pay the bid/ask spread. Other than the tickmill review 3 main accounts above, Tickmill also provides an Islamic account (swap-free). Our editorial team is led by Steven Hatzakis, an industry veteran with decades of experience and a deep understanding of the forex market.

Best Forex Trading Signal Providers

Tickmill’s customer support team was helpful and provided relevant answers to our questions. In our tests, we chose the popular instrument in each market. We placed 3 trades for each instrument to get a complete picture of the average spread.

Great Service by Daniela

Some brokers also charge additional fee for position rollover, which is why the values of the swaps may differ. According to our research, Tickmill customers from different parts of the world have different preferences. European mostly open accounts in the Cyprus jurisdiction (Tickmill.eu) or UK (Tickmill.co.uk), while the rest of the world prefers to be serviced in the offshore territory in the Seychelles. Despite the fact that Tickmill is not included in the top brokers, I prefer this particular company. The British regulation inspires confidence and a positive reputation. Tickmill has over 327,000 clients and more than 668,000 registered accounts.

If you fund your account using other currencies, the funds are automatically converted into the account currency. Please note that in the upper part of the questionnaire, there is the so-called ‘jurisdiction selector’. As a broker’s customer, you can choose the regulator, for example FCA (UK) and FSA (Seychelles).

Despite that Tickmill LTD branch is based in an offshore territory, the procedure of opening an account on tickmill.com is more similar to opening an account in a more strictly regulated area. Overall, we estimated convenience and thorough approach to the procedure as the broker’s advantages. Having CQG platform and an account with a balance of USD 1,000 or more on Tickmill UK, the customers receive access to 5 futures markets – CBOT, CME, COMEX, NYMEX and EUREX. I spent several months trading with Tickmill, earned USD 200 and withdrawn it smoothly. Remember, trading involves inherent risks, and it’s essential to educate yourself and make informed decisions.

Axi Trading Platform

You can also Contact Axi via phone, email or live chat to request a download link. Boost your platform with our unique set of plugins specifically developed for Axi clients. MT4 NexGen provides you with enhanced ordering, sentiment trading and management tools. Our trading courses are developed by traders, for traders, and they cover everything from proven strategies to the latest trends. We do not provide investment advice or solicitation of any kind to buy or sell any investment products.

OFSi allows users to view the Buy and Sell order flow of 22,000+ live trading accounts. You can also receive custom alert notifications via the app, email or SMS. Myfxbook Autotrade is an online automatic analytics tool that connects with your forex trading account directly through your MT4 trading platform. It lets you analyse your trades and copy strategies from other traders. You can search for systems that meet your requirement by filtering statistics that matter the most to you.

  • This is a great feature if you need to reduce the risk you are willing to assume on a certain trade for whatever reason.
  • The centre includes eBooks, webinars, video tutorials and a glossary.
  • You simply complete the registration form and verify your email address.
  • Servers are located close to the exchange in New York, for improved trade execution.
  • Axi offers low trading fees, which vary on the account types and the cost structure.
  • Our trading courses are developed by traders, for traders, and they cover everything from proven strategies to the latest trends.

As a result, the broker lets traders use third-party Forex Trading Signal technologies on its MT4 platform. This can be a good solution for those of you who do not have the time required to trade online. However, clients should be advised that hypothetical performance and real trading outcomes might differ significantly when utilising third-party plugins and methods. Hypothetical success cannot be guaranteed, and it frequently ignores financial risk and the capacity to stick to a trading plan despite losses. Retail Clients of Australia and New Zealand are given the added protection of negative balance protection.


Autochartist is a useful resource that delivers insights and notifications on key levels, chart patterns, forecasts and other advanced trading setups. Customer support is provided via online chat, telephone and email whilst clients get their very own dedicated personal account managers for a more personalised service. With offices in Sydney, London, Dubai and Chisinau, there is always someone from the support team on hand to answer your general or technical questions.

Use trading charts and analysis tools to find opportunities, then place a trade! TRADE WITH CONFIDENCEAxi is a registered brokerage with a globally trusted reputation in the finance sector. Axi is the broker of choice for 60,000+ traders in 100+ countries, with an ‘Great’ rating based on 1,300+ Trustpilot reviews. You should consider whether you understand how over-the-counter derivatives work and whether you can afford to take the high level of risk to your capital.

If they do not accept your country, you can look at our broker ratings for an alternative option. Client funds are held in secure and segregated trust accounts with top-tier banks including NAB and Lloyds. This means that client funds cannot be used for any other purpose by the company such as operating costs are hedging. This regulation gives me confidence that they are a broker who I can trust with my funds, so I am able to focus on my trading without any worries.

It comes with a wide range of built-in tools and fully customisable features. I have used MT4 for many years and it is still my platform of choice, even though MT5 is the newer version. PsyQuation Premium is another unique tool that is available for the Axi traders who have a minimum balance of $500 and trade at least one regular axi review lot each month. It provides comprehensive forecasting, a variety of trading signals, and quantitative analysis. Besides, PsyQuation buzzes the traders if there are any mistakes in their strategy and help to grow as a matured trader. Axi offers low trading fees, which vary on the account types and the cost structure.

Trade 220+ products with unbeatabletrading conditions

With its customization features, a trader can change the size and positions of the tabs, which provide the edge of access. However, many forex broker reviews suggest that Axi’s fee is low compared to other best forex broker. Explore our range of education including forex, shares and crypto trading courses.

Pros and Cons

Their Mirror Trade feature gives the possibility to follow and copy the trades of prominent and profitable traders. It’s possible to access real-time trading and select what you judge as to the best trading opportunities. You can choose from the standard or pro accounts that are flexible depending on your individual needs. I appreciate that all of the accounts feature simple and secure funding, advanced trading platforms and powerful tools for finding trading signals. Axi cater for all levels of traders with their leading trading technology being advanced enough for the more experienced traders whilst being simple enough to use for the less experienced. The powerful and reliable trading platforms are available in numerous languages.

Explore our account options including pro accounts with 0 Pips +7$ commission

I would always prefer to use a regulated broker as they should always operate in a transparent manner. Stay on the ball with Autochartist, a software that automatically scans the market and spots opportunities – with insights formulated from market movements. CFDs are most commonly used as a way of trading assets like share CFDs, gold, oil or other commodities without having to physically purchase that asset. To download the Axi trading app on an iPhone, please go to the App Store here and click ‘GET’.For Android users, please go to the Google Play Store here and click ‘Install’. We will be launching ‘real money’ trading before the end of this calendar year and you can register your interest, so that when we launch you will be the first to know. Ultra-competitive pricing and fairer charges, so more of your money is invested in the markets.

TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. Rates, terms, products and services on third-party websites are subject to change without notice. We may be compensated but this should not be seen as an endorsement or recommendation by TradingBrokers.com, nor shall it bias our broker reviews. The main difference between the accounts are the spreads, commission and minimum deposit required. You can choose from low spreads with a small commission fee or pay no commission but have a spread mark-up instead.

Does Axi offer demo trading?

Shadow the world’s best traders and never miss a beat with these helpful trading tools. We combine the world’s most popular platform, MetaTrader 4, with exclusive Axi tools and all the supportyou need to trade your edge. However, they have some drawbacks too, such as, they could increase the product range and improve the fundamental data. The finding from the research of Axi review is that they respond fast. From our test, we have found a satisfactory customer service personnel who provided a prompt solution for our problems. However, they could have been done better if they would provide 24/7 service.


This means the trader will have to pay some charges if they are not active in trading for a certain time. Overall, I found that Axi has some of the lowest overall trading fees available to retail traders. If you want to save a little on commission and still get 0 pip spreads, you can take a look at RoboForex as an alternative option. They also have an impressive selection of over 12,000 financial instruments to trade. Axi Copy Trading is provided in partnership with London & Eastern LLP, the app offers a simple way to identify and automatically copy traders.

how to read candle graph

Easy Ways to Read a Candlestick Chart: 12 Steps with Pictures

how to read candle graph

Time intervals typically range from 1 minute periods to monthly periods. Meaning that you can view a chart where price data is segmented in to one minute intervals to monthly intervals. Currency price movements are segmented in to time intervals and each interval has four data points. So far, we have discussed what is sometimes referred to as the Japanese candlestick chart. A hammer candle will have a long lower candlewick and a small body in the upper part of the candle. Hammers often show up during bearish trends and suggest that the price might soon reverse to the upside.

how to read candle graph

Even though traders have a variety of tools to analyse the markets, learning how to read a candlestick chart effectively is probably the most important one. While Heikin-Ashi candlesticks https://www.bigshotrading.info/ can be a powerful tool, like any other technical analysis technique, they do have their limitations. Since these candles use averaged price data, patterns may take longer to develop.

Should I consult other tools beyond candlestick charts?

It tells you that there’s a high chance that selling is waning down and that the buyers are now present. The next candles after the pattern shows that the buyers were indeed present. To read candlestick charts effectively, you should start by studying the past by looking for repeatable patterns that occurred at turning points. Analysing the candlestick chart using the 4 hour data might also suggest the same. As there does not seem to be any candlestick patterns that might suggest a reversal in price. You will also learn about some of the common candlestick chart patterns that traders look for to indicate potential turning points in the market.

It also indicates that bears are gaining control of the market. The above story is one of the precedents as to why a beginner or newbie investor should consider studying technical analysis, especially how to read candlesticks. Another better time to have entered the market with a short (sell) position would have been on the previous retest and bounce from the upper boundary of the current bearish channel. This trend may or may not continue so you should also try to identify continuation or reversal patterns from the price or any other tools. When this occurs, the body of the candlestick will seem as if it doesn’t exist but it is just a very narrow body. These candlesticks could be in a third colour to distinguish them, since they are neither bullish nor bearish.

Bearish Patterns

Any bar with a relatively wide price range and an open or closing price near its lows in an uptrend can be considered as a sign of weakness. Any bar with a relatively wide price range and an open and closing price near its highs in a downtrend can be considered how to read candle graph as a sign of strength. This is what allows you to view Forex price data with greater or lesser detail over various time frames. It also allows you to see the hidden signals in the market that may occur over a sequence of candlesticks instead of just one.

When the interval ends, the candlestick becomes fixed in time encapsulating the corresponding price action data. The inverted hammer has a long upper candlewick and a small body in the lower part of the candle. Like the hammer, an inverted hammer appears during bearish trends. A bearish candlestick forms when the price opens at a certain level and closes at a lower price.

Examples and Interpretations of Candlestick Patterns

Candlesticks like this represent a period of indecision from buyers and sellers as there is no clear direction for price. However, an indecision candlestick can also suggest a pause in a price trend before a continuation or the start of a potential reversal. The price range is the distance between the top of the upper shadow and the bottom of the lower shadow moved through during the time frame of the candlestick. The range is calculated by subtracting the low price from the high price. A candlestick chart (also called Japanese candlestick chart or K-line[1]) is a style of financial chart used to describe price movements of a security, derivative, or currency. Candlestick charts are one of the most fundamental tools for any trader or investor.

how to read candle graph

Highlighting prices this way makes it easier for some traders to view the difference between the open and close. Candlestick charts show that emotion by visually representing the size of price moves with different colors. Traders use the candlesticks to make trading decisions based on regularly occurring patterns that help forecast the short-term direction of the price.

There are many short-term trading strategies based on candlestick patterns. The engulfing pattern suggests a potential trend reversal; the first candlestick has a small body that is completely engulfed by the second candlestick. It is referred to as a bullish engulfing pattern when it appears at the end of a downtrend, and a bearish engulfing pattern at the conclusion of an uptrend. The harami is a reversal pattern where the second candlestick is entirely contained within the first candlestick and is opposite in color. In a related pattern, the harami cross has a second candlestick that is a doji; when the open and close are effectively equal.

  • The color of the body gives us the clue as to where the course or the bias of the candlestick is headed (either upwards or downwards).
  • It is referred to as a bullish engulfing pattern when it appears at the end of a downtrend, and a bearish engulfing pattern at the conclusion of an uptrend.
  • What you should be trying to identify at this stage is what the dominant, medium term and short term price trends are.
  • Unfortunately, she did not consider my honest analysis and went on to heed the post from a Facebook Group recommendation that she joined recently.
  • Any bar with a relatively wide price range and an open and closing price near its highs in a downtrend can be considered as a sign of strength.
  • In fact, a lot of well-known technical indicators in trading crypto are based on how combinations of candlesticks appear on a chart.