For Exchange Account Type you will receive Auto Discount of 5% on all commission charges from TickMill (Armada Markets) For Classic Account Type you will not getting any Rebate on Commision.
You pay 3.8 units of base currency (notional) per round turn lot commission instead of 4 units of base currency per rt.
This means if you trade EURUSD, the commission charged will be 3.8 Euros per rt. If you trade AUDUSD, the commission charged will be 3.8 AUD per rt.
Your spreads remain exactly the same – There is no spread mark up to provide you this service.
Forex Trading Hours
Forex trading: available 24 hours a day, 5 days a week allowing traders access during all Forex market trading times. You can trade from Monday 00:00 (GMT+2) to Friday 24:00 (GMT+2). Please note that there is a trading break each day from 00:00 until 00:05. For Daylight Saving Time we use New York time zone. Metals trading: starting from 01:00 (GMT+2) on Monday, close 24:00 (GMT+2) on Friday. There is a trading break each day from 00:00 (GMT+2) until 01:00 (GMT+2). For Daylight Saving Time we use New York time zone.
Margins on Metals
Margins on spot gold (XAUUSD) and spot silver (XAGUSD) depend on the account leverage. Gold leverage is 2 times lower than account leverage, silver leverage is 4 times lower than account leverage. Example: Suppose your account has a leverage of 1:100. Your leverage for gold will be 1:50 (2 times lower) and for silver 1:25 (4 times lower).
Tickmill is the new way of trading with extremely low market spreads, no-requotes, full STP and DMA, absolute transparency and the latest trading technology. We have direct ECN and exchange liquidity among others. We are highly rated among scalpers and traders using Expert Advisors and algorithmic trading systems. We call our clients Smart Traders.