Our Tickmill Fees and Spreads Revealed:
Fees and Spreads
The spread list that Tickmill offers starts from 0.0 pips on EUR/USD.
Tickmill offers competitive and transparent fee schedules for every live trading account that it offers. The spread list that traders can expect when they trade through Tickmill will depend on the account, the financial instrument being traded, and the market conditions on a specific day that trades are executed.
The spread list per account type that Tickmill offers is as follows alongside the commissions charged:
- Classic Account – spreads from 1.6 pips EUR/USD and commission-free trading on all instruments
- Pro Account – spreads from 0.0 pips EUR/USD, commissions of 2 units in the base account currency per side, per 100,000 traded on forex
- VIP Account – spreads from 0.0 pips EUR/USD, commissions of 1 unit in the base account currency per side, per 100,000 traded on forex
Additional Trading Fees
Overnight fees, also known as swap fees or rollovers, are either credited or debited depending on the financial instrument being held and whether the trader is holding a long or short position. Tickmill charges swap fees on live trading accounts but offers Muslim traders the opportunity to convert any of the live trading accounts into an Islamic account, exempting them from interest.
Traders who use the Islamic Account must note that there are holding charges for positions that are kept open for longer than 3 consecutive days on specific instruments. These charges range from $5 up to $50 per day.
Tickmill is not a spread betting broker which means that spread betting fees will not apply.
Tickmill does not charge any deposit fees or withdrawal fees. There are no added broker fees indicated apart from those that are mentioned in previous sections. However, conditions can change and vary, and traders are urged to verify any existing or potential fees with Tickmill before registering a real account.
Pros and Cons
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How many instruments can I trade with Tickmill?
You can trade any of the following instruments:
- Precious metals
- Stock Indices
Which platforms are supported by Tickmill?
Tickmill supports the use of the following trading software:
- MetaTrader 4
- MetaTrader 5
Does Tickmill offer leverage?
Yes, Tickmill offers leverage up to a maximum of 1:500.
What spreads can I expect with Tickmill?
You can expect spreads from 0.0 pips on the Pro and the VIP account types.
Does Tickmill charge commission?
Yes, Tickmill charges commissions from 1 unit in the base account currency on forex.
Are there additional charges on the Islamic account?
Yes, there are additional charges when traders keep their positions open for longer than three consecutive days.
Is Tickmill regulated and by whom?
Yes, Tickmill is regulated by FCA, CySEC, FSCA, FSA Seychelles and Malaysia with several registrations through FCA, BaFin, CONSOB, ACPR, CNMV.
Is Tickmill a recommended forex trading broker for experts and beginners?
Yes, Tickmill is recommended for both experts as well as beginners.
What is the overall rating out of 10 for Tickmill?