Tickmill offers 62 forex currency pairs across major, minor, and exotic markets. You can trade forex on MT4, MT5, Tickmill Trader, WebTrader, and TradingView (raw account only). Tickmill has three forex account types: Classic, raw, and TradingView raw. The classic account has spreads from 1.6 pips with no commission, while the raw account offers spreads from 0.0 pips with a $3 commission per side ($6 round-turn).
Spreads are live and variable, so the actual trading cost changes with market conditions. At TradingCritique, we rated Tickmill forex trading 8.25/10 (TC Validated) after reviewing its forex pricing, account structure, platform support, and regulatory information using our 50-point broker review methodology.
Tickmill currency pairs and market coverage
Tickmill offers 62 forex pairs across 3 categories: major, minor, and exotic pairs.
- Major pairs include some of the most widely traded currencies, such as EUR/USD, GBP/USD, and USD/JPY.
- Minor pairs are combinations of major currencies without the US dollar.
- Exotic pairs include a major currency paired with an emerging-market currency.
Trading costs differ by pair type. Major currency pairs usually have tighter spreads since they have higher liquidity. However, minor and exotic pairs usually have wider variable spreads. This means that the spread you will incur can change under certain circumstances.
Major forex pairs available on Tickmill
Tickmill offers access to 62 forex pairs, including major pairs such as EUR/USD, GBP/USD, USD/CHF, AUD/USD, USD/CAD, and USD/JPY. Major forex pairs include the US dollar and are among the most actively traded currency pairs in the global forex market. Their high trading activity generally provides greater liquidity compared with less actively traded currency pairs.
Popular major pairs like EUR/USD and GBP/USD have usually tighter spreads due to increased trading activity and liquidity. Therefore, the spreads at Tickmill on the forex market can vary depending on market conditions, liquidity, and the currency pair being traded. Always check the current price in your trading terminal before opening an order.
For example, if the EUR/USD spread is 0.2 pips, the spread between the buying and selling price is 0.2 pips at the moment. Spreads are variable and may differ depending on market conditions.
Minor and exotic forex pairs on Tickmill
Tickmill also offers minor and exotic forex pairs as part of its 62 currency pairs. Minor pairs combine major currencies without the US dollar, such as EUR/GBP, EUR/JPY, and GBP/JPY. Exotic pairs combine a major currency with an emerging-market currency, such as USD/TRY, USD/ZAR, and USD/MXN.
Generally, minor pairs tend to be less liquid compared to major pairs, and exotic pairs can be significantly less liquid and have larger spreads. This implies that exotic pairs will be expensive for trading, especially when volatility is high and liquidity is low. Spreads are not constant, and traders need to verify the live spread before making a trade.
Tickmill forex spreads and pricing
Tickmill offers different forex pricing based on the account type. The main account options are:
- Classic account: Spreads from 1.6 pips with zero commission.
- Raw account: Spreads from 0.0 pips with a separate commission.
- TradingView raw account: Spreads from 0.0 pips with a separate commission.
These are the minimum spread values and not the fixed rates. The spreads at Tickmill are live and variable, according to market conditions and liquidity of the currency pairs. For instance, the major currency pairs may have tighter spreads when there is more activity in the market, whereas the spreads for exotic currency pairs will be wider.
Understanding Tickmill forex commissions
Tickmill’s forex commission depends on the account type. The classic account charges no commission, so the trading cost is included in the spread. The raw and TradingView raw accounts use lower spreads but charge a separate commission on forex trades. This commission also applies to precious metals, so traders should calculate the total cost as spread + commission.
Tickmill forex commission by account type
| Account type | Commission |
|---|---|
| Classic | No commission, and trading cost is included in the spread |
| Raw | $3 per side ($6 round-turn) on forex and precious metals |
| TradingView raw | $3.50 per side ($7 round-turn) on forex and precious metals |
A per-side commission is charged once when you open a trade and again when you close it. A round-turn commission is the total commission for both sides of the trade.
Example: How per-side becomes round-turn
On the raw account, opening a 1-lot EUR/USD trade costs $3. Closing the same trade costs another $3. The total commission for the complete trade is $6 round-turn, excluding the variable spread.
Tickmill forex trading cost examples
The easiest way to understand Tickmill’s forex pricing is to compare the same trade on the classic and raw accounts. The example below uses EUR/USD (1 standard lot) with an illustrative variable spread. Actual spreads can change with market conditions.
Example: 1 lot EUR/USD, raw account (illustrative 0.2-pip spread)
| Spread cost | 0.2 pips × $10 = $2 |
| Commission to open | $3 |
| Commission to close | $3 |
| Total commission | $6 round-turn |
| Total example cost | $2 + $6 = $8 |
Example: 1 lot EUR/USD, classic account (illustrative 1.6-pip spread)
| Spread cost | 1.6 pips × $10 = $16 |
| Commission | $0 |
| Total example cost | $16 |
In this example, the raw account is cheaper because its tighter spread saves more than the $6 commission. However, raw is not always cheaper:
- Higher-volume or frequent traders: Raw may be cheaper when the tighter spread offsets the commission.
- Smaller or less-frequent traders: Classic may be cheaper because there is no separate commission.
Therefore, the actual result depends on the live spread, trade size, and number of trades.
Compare the full round-trip cost, not the headline spread
A 0.0-pip account looks cheapest at first glance, but the commission is a real cost that the spread alone does not show. Before choosing an account, add the spread and any commission together for your typical trade size and frequency. That total, not the advertised minimum spread, is what actually determines which account is cheaper for you.
Which Tickmill account is best for forex?
The right account structure depends on how often you trade, your trade size, and whether you prefer a commission-based or spread-only pricing model.
Raw account
Classic account
Editor-in-Chief’s note – Sasitharan Kumar
From my experience working with FCA and CFTC-regulated brokers, I saw how account structures were often used to separate different types of traders. A 0.0-pip account can appeal to traders focused on tight spreads, while the commission makes the overall cost less obvious at first glance. This pricing structure allows brokers to target different trading preferences through separate account types. Traders should therefore look beyond the advertised spread and compare the complete round-trip cost before choosing an account.
How to start forex trading with Tickmill?
The following steps will guide you through the process of beginning forex trading at Tickmill:
Create and verify your account: sign up for an account at Tickmill and get your account verified.
Pick the type of account: choose either the Classic or Raw account depending on your desired pricing.
Fund your account: the minimum deposit is $100.
Pick the trading platform: choose any of the following platforms offered by Tickmill: MT4, MT5, Tickmill Trader, or WebTrader.
Place a trade: pick the forex pair, view the spread and margin, and then choose your trade volume.
Tickmill forex platforms and trading tools
Tickmill offers MT4, MT5, and TradingView for forex trading, along with tools that support market analysis, trade planning, and strategy testing.
MT4
MT4 supports forex, indices, bonds, commodities, and crypto CFDs. It offers 3 order execution types, 30 technical indicators, 9 chart timeframes, 4 pending order types, and 31 analytical objects, along with a single-thread strategy tester for automated trading.
MT5
MT5 offers trading services including foreign exchange, stock market, index, commodity, and crypto CFD trading. It offers 4 order execution types, 38 technical indicators, 21 timeframes in charting, 6 pending order types, and 44 chart objects with amulti-threaded strategy tester for automated strategy testing.
TradingView
TradingView offers advanced charting and analysis features for those Tickmill accounts that support TradingView services. Traders can analyze the markets and trade through the platform itself.
Tickmill Trader
Tickmill Trader is Tickmill’s own trading platform for forex and CFD trading. It provides charts, market analysis, real-time prices, and tools to place and manage trades.
Forex trading tools
- Forex calculators: Tickmill provides calculators to estimate pip value, margin, position size, and potential profit or loss, helping traders plan their positions.
- Signal centre: The signal centre gives traders trading signals and market analysis that they can utilize together with their market research.
- Acuity trading: Acuity trading gives traders market sentiment and news insights to allow them to evaluate their markets and possible trading opportunities.
- Trading schedule: The trading schedule from Tickmill gives information regarding forex market trading times and holidays.
Tickmill forex leverage and margin requirements
Tickmill provides maximum leverage of 1:30 for retail clients based in the UK and Europe, whereas some offshore brokers provide leverage up to 1:1000. Higher leverage reduces the required margin for opening a trade but increases the risk of loss because small movements in the market can result in large losses. The exact leverage available depends on the Tickmill entity and client type.
Tickmill’s standard conditions include a 100% margin call and 30% stop-out level. For UK and EU retail clients, the stop-out level is 50%. A margin call does not automatically close trades, but if account equity falls to the applicable stop-out level, Tickmill may automatically close open positions.
Tickmill forex trading pros, cons, and risks
The pros and cons of Tickmill forex trading are as follows:
PROS
CONS
Is Tickmill a good choice for forex trading?
Yes, Tickmill is a good choice for forex trading because:
- Tickmill offers 62 forex pairs, covering major, minor, and exotic currency pairs.
- The classic account uses spread-only pricing, while the raw account combines tighter spreads with a separate commission.
- Traders can choose from MT4, MT5, Tickmill Trader, WebTrader, and TradingView on supported accounts.
- Trading costs, leverage, account conditions, and execution should be considered before opening an account.
Conclusion
Tickmill provides 62 forex pairs, good pricing terms, and various trading platforms. The classic account is based on the spread-only model, whereas the raw account combines tight spreads and a separate commission. Traders are supposed to consider the relevant spreads, commissions, account terms, and trading platforms before choosing an account.
TradingCritique evaluates Tickmill at 8.25/10 and TC Validated using its broker review rating system of 50 points. Trading forex carries high risks, especially when leverage is involved. Traders need to be aware of all the risks and trading conditions prior to opening an account.
Pro tip
Before choosing a Tickmill forex account, check the total cost of each trade. The Raw account charges the spread plus a $6 round-turn commission per lot, while the Classic account has no separate commission but usually has wider spreads. Compare the full cost based on your trade size and frequency. Remember that spreads can widen on exotic pairs and during major market events, which can increase trading costs and risk.
Frequently Asked Questions
1. What are Tickmill’s forex spreads?
Tickmill offers variable forex spreads based on the account type and market conditions. The classic account starts from 1.6 pips, while the raw account starts from 0.0 pips with a commission.
2. Does Tickmill offer forex spreads from 0.0 pips?
Yes, the raw and TradingView raw accounts offer spreads from 0.0 pips. These are variable spreads and can change with market conditions.
3. Does Tickmill charge commission on forex trades?
The classic account has no separate commission. The raw account charges $3 per side ($6 round-turn) on forex trades.
4. Which Tickmill account is best for forex trading?
The right account depends on your trading style. The classic account uses spread-only pricing, while the raw account combines lower spreads with a separate commission.
5. What is the minimum trade size for Tickmill forex?
The minimum forex trade size is 0.01 lot. This allows traders to place micro-lot trades.
6. Can beginners trade forex with Tickmill?
Yes, beginners can start with a demo account to learn forex trading. Understanding leverage, spreads, and margin is important before trading live.
7. Which platforms can you use for Tickmill forex trading?
Tickmill supports MT4, MT5, Tickmill Trader, WebTrader, and TradingView. Platform availability depends on the account type.
8. What are the most popular forex pairs on Tickmill?
Tickmill offers major pairs like EUR/USD, GBP/USD, and USD/JPY. It also provides minor and exotic currency pairs.
9. How are Tickmill forex trading costs calculated?
On the raw account, the total cost is spread + commission. On the classic account, the trading cost is included in the spread.
10. Is Tickmill suitable for high-volume forex traders?
Tickmill may suit traders who prefer tighter spreads and commission-based pricing. The right account depends on trading volume and trading costs.
