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Tickmill Fees and Spreads
Tickmill spreads start from the average spread of 0.0 pips EUR/USD, and the commission depends on the trading account the trader is using. Tickmill is regulated by the top-tier DFSA, FCA, and ASIC. Tickmill is currently one of the top-rated platforms with a Trust Score of 81% out of 100 with a rating of 9/10.
- Louis Schoeman
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Fees and Spreads Overview
Additional Trading Fees
Broker Fees
Pros and Cons
Final Verdict
FAQ
Overall Rating
- 4.7/5
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Tickmill Fees and Spreads – 6 key points quick overview:
Fees and Spreads
👉 The spread list for Tickmill starts from 0.0 pips on EUR/USD.
👉 Depending on their trading technique, traders may expect a variety of spreads. A role will also be played by the trading account, the trading circumstances, and the general market conditions on the trading day. The following spreads are some of the most prevalent that traders can expect:
➡️ Pro Account – 0.0 pips
➡️ Classic Account – 1.6 pips
➡️ VIP Account – 0.0 pips
Additional Trading Fees
Commissions
👉 On the Classic Account, which includes marked-up spreads to compensate the broker’s cost for making the deal, Tickmill provides commission-free trading. For trading accounts in the following categories, Tickmill levies commissions:
➡️ Pro Account – $2 per side, per 100,000 (standard lot) traded.
➡️ VIP Account – $1 per side, per 100,000 (standard lot) traded.
👉 Additionally, even though the Islamic Account does not charge fees for overnight storage, commissions still need to be paid when assets are kept for an extended period. The following are the commissions:
| 🔧 Financial Instrument | 💵 Charge Per lot in USD |
| BRENT, XTI/USD | 0.01 USD |
| LTC/USD | 0.1 USD |
| ETH/USD | 1 USD |
| EUR/CZK, EUR/DKK, EUR/HKD, GBP/CZK, GBP/HKD, USD/CZK, USD/HKD, USD/SEK | 5 USD |
| EUR/HKD, EUR/NOK, EUR/PLN, EUR/SEK, EUR/SGD, GBP/DKK, GBP/HUF, GBP/NOK, GBP/PLN, GBP/SEK, NZD/SGD, USD/CNH, USD/DKK, USD/HUF, USD/NOK, USD/PLN, USD/SGD | 10 USD |
| EUR/MXN, EUR/ZAR, GBP/ZAR, USD/MXN, USD/ZAR | 20 USD |
| BTC/USD | 25 USD |
| EUR/TRY, GBP/TRY, USD/TRY | 50 USD |
Overnight Fees, Rollovers, or Swaps
👉 Swaps are the overnight fees that traders in the forex market must pay to maintain an open position for longer than 24 hours. However, in certain circumstances, traders could get credit for holding onto positions.
👉 Kenyan traders must pay interest on the currency they sold and earn interest on the currency they bought to keep a transaction open overnight.
👉 The swap fees charged/credited by Tickmill are based on the interest rates of the countries involved in each currency pair and the conditions of the market at the time.
👉 The platform’s time dictates that the exchange prices are performed at midnight. A typical lot of 100,000 base currency units are used to calculate the exchange rate swap for each currency pair.
👉 A trader’s position will get a fresh “value date” due to the swaps if it is kept open overnight. Wednesday nights will have a triple swap rate after the exchange’s new value date is changed to Monday.
👉 The following are some typical nightly charges that Tickmill customers might anticipate:
| 🔧 Instrument | 📈 Long (Buy) Swap | 📉 Short (Sell) Swap |
| EUR/USD | -3.54 pips | 0.39 pips |
| USD/JPY | -1.21 pips | -2.62 pips |
| GBP/USD | -1.89 pips | -3.44 pips |
| USD/CHF | 0.39 pips | -3.71 pips |
👉 Tickmill does not provide spread betting services to Kenyan traders, only those in the United Kingdom. Therefore, Kenyans need not worry about being subject to spread betting fees.
Broker Fees
Deposit and Withdrawal Fees
👉 No fees are applied to deposits or withdrawals using any of the accepted payment methods at Tickmill.
Inactivity Fees
👉 Tickmill does not apply any inactivity fees on dormant accounts.
Currency Conversion Fees
👉 Kenyan traders can anticipate currency conversion costs to apply to deposits and withdrawals since Tickmill does not provide a trading account denominated in KES.
Tickmill Kenya Pros and Cons
| ✔️ Pros | ❌ Cons |
| The trading platforms are robust and user-friendly | United States Clients cannot register with Tickmill |
| There are three dynamic Tickmill accounts offered, featuring competitive spreads and a commission-free classic account | There are no fixed spread accounts offered |
| Tickmill is well regulated in several regions with a proven track record of excellent trading services | Currency conversion fees may be deducted |
| There are flexible funding options provided including Skrill, Neteller, bank wire transfer, and others | The spreads are not the tightest |
| Traders are given access to AutoChartist, VPS, and FIX API trading | |
| There are industry standard initial deposits required to register an account | |
| There is a commission-free trading account offered and the minimum balance amounts are reasonable | |
| Negative balance protection is applied to retail accounts | |
| There is no deposit fee or withdrawal fee charged | |
| Educational videos and other educational resources are available | |
| Retail traders have access to several tools to help them navigate complex instruments | |
| Social trading opportunities are provided |
Verdict on Tickmill
👉 Overall, Tickmill is very competitive in terms of its trading fees and spreads.
FAQ
Does Tickmill charge commissions?
Yes, Tickmill charges commissions between $1 to $2 per lot, per 100,000 traded on the VIP and Pro Accounts.
Is Tickmill Swap-Free?
Tickmill offers an Islamic Account conversion on all three live trading accounts.
Is Tickmill an ECN broker?
Yes, Tickmill is an ECN and STP broker.
What is the minimum I can withdraw from Tickmill?
The minimum you can withdraw from your Tickmill account is 25 USD, EUR, and GBP.
Does Tickmill have an app?
Yes, Tickmill recently announced its proprietary app that can be downloaded from iOS and Android.
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