There are some critical things to know about the welcome bonus before claiming it, let’s take a look at them below:

• The citizens of the European Union cannot apply for the welcome bonus. Regulations and guidelines are strictly enforced in the EU in an attempt to make trading safer for speculative and long-term investors.
• “Welcome Accounts” are there for introductory purposes and exclusively for newly registered clients from non-restricted countries. 
• The Welcome Accounts do not allow the use of Expert Advisors (EAs), and therefore, trading needs to be done manually, without the use of trading robots in order to be able to withdraw bonuses. 
• A client is not allowed to open more than one account. 
• The Welcome Account is similar to the live Pro trading account type. 
• Traders have only 60 days to make profits using the bonus and withdraw profits.
• The account currency of the Welcome Account is the US Dollar. 
• Creating a Welcome Account doesn’t take many steps. The account is created automatically when registering at Tickmill. Traders simply need to check their email to get the account credentials. 
• Once a trader opens the Welcome Account, a $30 bonus is automatically added.
• The broker reserves the right to reject a trader’s bonus request upon opening a Welcome Account.

Tickmill is a global Forex broker regulated in multiple jurisdictions. The broker is regulated in Cyprus, Labuan, Seychelles, South Africa, and the UK. The $30 “Welcome Account” campaign is held by Tickmill Ltd, authorized and regulated by the Financial Services Authority of Seychelles. 

Tickmill operates in over 200 countries globally, with more than 250 employees internationally. Tickmill is trusted by more than 327.000 clients worldwide with over 668,000 registered accounts.

The company offers access to trading Forex, CFDs on stocks, indices, commodities, bonds, and cryptocurrencies using the most popular MetaTrader 4 and MetaTrader 5 platforms. The maximum available leverage is 500:1, and the available account currencies are USD, EUR, GBP, and PLN. The broker offers different account types in order to meet the needs of different traders, namely the Classic account, Pro account, and VIP account. 

Traders can use various options to fund their live trading accounts, including VISA, MasterCard, Skrill, FasaPay, bank wire transfer, Neteller, STICPAY, UnionPay, and WebMoney. 

Welcome bonuses in Forex trading are offered in order to incentivize new traders to sign up and start trading. While these bonuses may seem attractive, they can also give beginner traders wrong impressions and damage their approach to trading. 

The welcome bonus of Tickmill is very small and it cannot be withdrawn right away. This means that traders need to take great risks and open oversized positions. Trading without proper risk management and opening oversized orders is a terrible habit in trading. Most beginners lose money because they do not know how to find the best opportunities in the market and manage their risks. 

Proper trading needs adequate capital, good risk management, and a trading edge. Welcome bonuses can promote a gambling-like approach, which typically ends in losing huge amounts of money. 

In case you are planning to use the bonus, make sure you understand the dangers of using high leverage, and avoid using it outside the welcome bonus account.