Trading costs will directly affect the level of your profits, so you must know in advance how much you have to spend when opening a trading account. Tickmill has a transparent fee structure with different account types for different trading styles, giving traders an option to use a spread-only pricing model or to have a raw spread with a commission in an institutional style.
Tickmill provides three account types for trading: Classic account with spreads starting from 1.6 pips and no commission, raw account with spreads starting from 0.0 pips and $3 commission per side ($6 round-turn) on forex and precious metals, and TradingView raw account with spreads starting from 0.0 pips and $3.50 commission per side ($7 round-turn) on forex and precious metals.
All accounts have a minimum deposit of $100, and Tickmill does not charge any fees on deposits or withdrawals. Overall, its regulations, safety, transparent pricing, competitive trading costs, and other features earn a TC rating of 8.25/10.
Tickmill fees at a glance
Tickmill provides three types of live trading accounts, each with its own fee system. Thus, a trader can select any account depending on their preference for either spread-only or low spreads along with a Tickmill commission.
| Fees | Classic | Raw | TradingView Raw |
|---|---|---|---|
| Minimum spread | From 1.6 pips | From 0.0 pips | From 0.0 pips |
| Commission | $0 | $3 per side | $3.50 per side |
| The commission applies to | None | Forex & metals only | Forex & metals only |
| Overnight swap | Yes | Yes | Yes |
| Deposit fees | $0 | $0 | $0 |
| Withdrawal fees | $0 | $0 | $0 |
| Minimum deposit (Varies by base currency) | $100 | $100 | $100 |
| Minimum lot | 0.01 | 0.01 | 0.01 |
| Swap-free Islamic account option | Available | Available | Available |
| Interest on unused funds (Except Islamic account) | Base rate -2% | Base rate -2% | Base rate -2% |
Inactivity fee: Tickmill does not clearly disclose a standard inactivity fee across all entities. Traders should review the current client agreement and applicable entity terms before opening an account.
Tickmill spreads
Spreads represent the primary trading cost for every Tickmill client, regardless of account type. It is the difference between the buy (Ask) and sell (Bid) price. In contrast to brokers providing fixed-spread accounts, at Tickmill, you will have variable spreads, meaning they fluctuate according to market liquidity and volatility.
The three trading accounts have distinct spread structures as follows:
- Classic: From 1.6 pips + commission-free
- Raw: From 0.0 pips + commission
- TradingView raw: From 0.0 pips + commission
The raw spread account typically offers tight market pricing compared to others during periods of active trading, whereas the classic account includes trading costs within the spread itself, rather than charging a commission fee. Because spreads vary throughout the trading day, it would be more beneficial for the trader to compare the costs of both the spread and the commission charges.
Tickmill commissions
Tickmill’s commission structure is one of the broker’s strongest pricing features because it is both transparent and limited in scope. The commission will be charged only for forex and precious metals trades when traders open accounts of the raw category, but not all CFD markets.
In case a trader trades on indices, stock CFDs, ETFs, cryptocurrency CFDs, or bonds, they won’t be charged the same per-side commission.
- Classic account: All available instruments have no commission.
- Raw account: $3 per side ($6 round-turn) per standard lot for forex and precious metals only.
- TradingView raw account: $3.50 per side ($7 round-turn) per standard lot for forex and precious metals only.
For traders, the Tickmill raw account fees may be more cost-effective than the classic account because its tighter spreads can help offset the commission, especially for larger or more frequent trades. The TradingView raw account follows a similar pricing model but charges a slightly higher commission than the standard raw account.
Tickmill swap and overnight fees
Swap fees, which are known as overnight financing costs, come into effect if the leveraged trading position has remained open beyond the daily rollover of the market. The fees depend on many factors, such as:
- The instrument used
- Whether the position is long (buy) or short (sell)
- The interest rate difference
- Market liquidity
Because these factors change regularly, swap rates are variable rather than fixed.
Tickmill offers details of the swap fees from its trading platform and instrument descriptions. Traders can find the current Tickmill swap fees for the instruments that they want to trade with in order to understand the overnight financing costs.
Swap fees are charged if the position of the trader remains open beyond the daily rollover of the market. Some instruments might be subject to a triple swap fee on certain weekdays.
Tickmill deposit and withdrawal fees
Tickmill does not charge standard fees for deposits or withdrawals, making funding and withdrawing from your trading account straightforward. Available payment methods vary depending on your country and Tickmill operating entity, but generally include:
- Bank transfer
- Credit and debit cards
- Crypto payments
- Local payment solutions in selected regions
One notable benefit is Tickmill’s reimbursement policy for larger international bank transfers.
Bank wire reimbursement
- Where eligible, Tickmill reimburses bank wire fees up to $100 for deposits or withdrawals exceeding $5,000.
- This can significantly reduce costs for traders transferring larger amounts through international banking channels.
- Although Tickmill does not charge deposit or withdrawal fees itself, payment providers or intermediary banks may still apply their own charges.
Tickmill non-trading fees
Trading costs extend beyond spreads and commissions. Traders should also consider additional charges that may apply outside normal trading activity.
Tickmill inactivity fee: Tickmill does not clearly disclose a standard inactivity fee across all regulated entities. Because account terms may differ depending on the Tickmill with which you open your account, traders should review the latest client agreement and applicable legal documents before relying on the absence of an inactivity charge.
Currency conversion fees: Tickmill offers several account-based currencies, which can help traders reduce conversion costs. However, currency conversion may still apply when your account currency differs from the instrument’s settlement currency, or when you deposit, withdraw, or realise profits in another currency.
The conversion rate depends on Tickmill’s current pricing and, where applicable, the payment provider. Choosing a base currency that matches your main trading activity can help keep conversion costs lower.
Interest on unused funds: Tickmill may pay interest on unused cash held in eligible clients’ wallets, subject to its current programme terms. The applicable rate is based on the relevant central bank base rate -2%. Eligibility may depend on your wallet balance, trading activity, account currency, and the maximum eligible balance. Islamic (swap-free) accounts are excluded from this programme.
To qualify for interest on unused funds, you need at least $100 in your wallet and must have placed at least one trade or held an open position within the previous 30 days. As the applicable base rate and eligibility rules can change, traders should check Tickmill’s latest official terms before relying on the interest income.
Tickmill fees by trading asset
The total cost of trading with Tickmill will not only depend on the account type but will also be influenced by the asset class being traded. One of the main cost-related benefits of this broker is that commission fees will be applied only to forex and precious metals when using the raw and TradingView raw accounts.
| Asset classes | Classic account | Raw account | TradingView account |
|---|---|---|---|
| Forex | From 1.6 pips spread, no commission | From 0.0 pips + $3 per side | From 0.0 pips + $3.50 per side |
| Precious metals | Variable spread | Variable spread + $3 per side | Variable spread + $3.50 per side |
| Indices | Variable spread | Variable spread | Variable spread |
| Stock CFDs | Variable spread | Variable spread | Variable spread |
| ETFs | Variable spread | Variable spread | Variable spread |
| Cryptocurrencies | Variable spread | Variable spread | Variable spread |
| Bonds | Variable spread | Variable spread | Variable spread |
This pricing structure can benefit traders who mainly trade indices, stocks, and other CFDs because they do not pay an extra commission per side. However, spreads are variable and may become wider during periods of low liquidity or high market volatility.
Tickmill Islamic account fees
Islamic (swap-free) accounts are available on all three account types provided by Tickmill:
- Classic
- Raw
- TradingView raw
Instead of standard overnight swap charges, eligible Islamic accounts follow a swap-free pricing model designed to comply with Sharia principles. However, it doesn’t mean that positions can be held indefinitely without incurring any costs. For certain assets, a daily management fee may be applied if the position is open for more than three consecutive nights.
The management fee varies depending on the asset and is listed in Tickmill’s current trading conditions. Clients who have opened an Islamic account will not qualify for the interest on the unused funds programme by Tickmill.
How to calculate Tickmill trading costs
Looking only at the advertised spread can give a misleading impression of the true cost of trading. The total cost of a trade depends on three components:
Total trading cost
Spread
+
Commission (where applicable)
+
Overnight Swap (if held overnight)
Illustrative example — 1 standard lot EUR/USD, normal conditions
Assume a trader opens and closes one standard lot of EUR/USD during normal market conditions.
| Cost component | Classic | Raw |
|---|---|---|
| Spread | From 1.6 pips | From 0.0 pips |
| Commission | $0 | $6 round-turn |
| Overnight holding | None (same-day trade) | None (same-day trade) |
| Total cost | Spread only | Spread + $6 commission |
This explains why traders should not consider accounts based on the minimum spread alone. In some instances, based on market conditions, transaction size, and the frequency of trades, the raw account may become more cost-effective than the classic account, despite having a commission.
Meanwhile, infrequent traders will find the classic account more suitable. The example above is for illustration only. Actual trading costs vary according to market conditions, spreads, swap rates, and the instrument traded.
First-hand industry insight
From years of analysing regulated CFD brokers, one of the most common mistakes traders make is focusing exclusively on the headline spread. Many traders make the mistake of looking only at the advertised spread. A 0.0 pip spread is not always cheaper than a 1.6 pip spread with no commission. Traders should compare the total cost, including commissions, and consider how often and how much they trade. Therefore, traders should look at more than just spreads and also consider execution, pricing transparency, and regulation.
Are Tickmill fees competitive?
Tickmill offers competitive pricing for forex and CFD traders, especially those who trade frequently. Its fees are clear, and commissions on raw accounts apply only to forex and precious metals. Traders should compare the Tickmill trading fees, account types, and fees rather than looking only at the advertised spreads.
Tickmill offers competitive spreads, clear commission charges, no standard deposit or withdrawal fees, a $100 minimum deposit, and several account options. However, traders should consider more than just fees. Tickmill sets its own quoted prices for many CFD trades, so traders should also compare execution quality when choosing a broker.
Pros and cons of Tickmill fees
The pros and cons of Tickmill broker fees are given below:
PROS
- ✓Transparent three-account pricing (Classic, Raw, TradingView Raw)
- ✓Commission charged only on forex and precious metals, none on indices, stocks, ETFs, crypto or bonds
- ✓No standard deposit or withdrawal fees
- ✓Bank-wire fees reimbursed up to $100 on transfers above $5,000
- ✓Full swap-rate disclosure and a low $100 minimum deposit
CONS
- ✕Raw accounts add a per-side commission on forex and metals
- ✕Variable spreads can widen during low liquidity or high volatility
- ✕Interest on unused funds excludes Islamic accounts, and eligibility conditions apply
- ✕Inactivity fee not clearly disclosed across all entities
- ✕Principal-capacity pricing. Tickmill sets its own quoted prices on many CFDs
Conclusion
Tickmill receives a TC-validated rating of 8.25/10 for its regulation, security, product range, customer support, and fee structure. Its main advantages include transparent pricing, competitive raw accounts, commissions limited to forex and precious metals, no standard deposit or withdrawal fees, and a $100 minimum deposit.
This makes Tickmill a competitive option for both new and experienced traders. However, the best account depends on how you trade. Traders should also consider commissions, swap charges, trading frequency, trade size, and execution quality. Before opening an account, check Tickmill’s latest fees and terms, as these can vary by entity and location.
Pro Tip
A 0.0-pip spread may look attractive, but it does not mean zero trading costs. Before opening an account, use your expected trade size and frequency to estimate your real costs. This gives you a better comparison than advertised minimum spreads alone.
FAQs – Frequently Asked Questions
1. Does Tickmill charge commissions?
Yes, but only on the raw and TradingView raw accounts, and only for forex and precious metals. The classic account is commission-free.
2. Which Tickmill account has the lowest trading costs?
Active traders may benefit from the raw account’s tighter spreads despite paying a commission, while less frequent traders may prefer the classic account’s commission-free pricing.
3. Does Tickmill charge deposit fees?
No, Tickmill does not charge standard fees for deposits using its supported funding methods. However, payment providers or intermediary banks may apply their own charges.
4. Does Tickmill charge withdrawal fees?
Tickmill does not charge standard withdrawal fees. For eligible bank transfers above $5,000, the broker may reimburse wire fees up to $100.
5. Does Tickmill charge swap fees?
Yes, overnight financing charges apply to positions held after the daily rollover. Swap rates vary by instrument and market conditions.
6. Is there a swap-free Islamic account?
Yes, Tickmill offers Islamic accounts on the classic, raw, and TradingView raw account types. Certain instruments may incur an administration charge after three consecutive nights.
7. Does Tickmill charge an inactivity fee?
Tickmill does not clearly publish a standard inactivity fee across all regulated entities. Traders should review the latest client agreement and terms applicable to their specific Tickmill entity before opening an account.
8. Does Tickmill pay interest on unused funds?
Yes, eligible clients may receive interest on qualifying unused wallet balances under Tickmill’s current interest programme, subject to eligibility criteria and applicable terms. Islamic accounts are excluded.
9. What is the minimum deposit at Tickmill?
The minimum deposit for the classic, raw, and TradingView raw accounts is $100.
10. Are Tickmill’s fees competitive?
Yes, Tickmill is considered one of the more competitively priced brokers for forex and CFD trading, thanks to its transparent pricing, competitive raw spreads, limited commission structure, and zero standard deposit and withdrawal fees.
