Tickmill Fees and Minimum Deposit - TU Expert review
While reliability is paramount, fees and minimum deposits are crucial factors when choosing a broker. Lower fees with diverse options make a broker more attractive for trading. The minimum deposit is another important factor for new traders who may not have a substantial amount to invest immediately.
Traders Union analyzed Tickmill fees, minimum deposit requirements, and commission structure to assess their suitability for beginner traders.
Short introduction of Tickmill
Tickmill is a reputable broker offering access to trading Forex, stock indices, commodities, bonds, and cryptocurrencies. Furthermore, the broker boasts an extensive selection of over 500 stock CFDs.
There are two main account types: Classic Account with spreads from 1.6 pips and no commission, and Raw Account with spreads from 0 pips and a $3 commission per lot. Both accounts require a minimum deposit of $100 and a maximum leverage of 1:1000.
The broker also provides a variety of useful tools, such as Autochartist, Acuity Trading, Signal Centre, and Capitalise.ai, which utilize AI to offer valuable market insights and trading signals.
Tickmill's regulation by the FCA and CySEC ensures the safety and security of client funds.
| 💰 Account currency: | Tickmill.EU - USD, EUR, PLN, CHF, GBP. Tickmill.com - USD, EUR, GBP. |
| 🚀 Minimum deposit: | 100 US dollars |
| ⚖️ Leverage: | Tickmill.EU - to 1:30/1:300. Tickmill.com - to 1:500 |
| 💱 Spread: | from 1.6 pips for the Classic account and from 0 pips for Raw account |
| 🔧 Instruments: | Instruments include currency pairs, commodities market assets, stock indices, stocks, bonds, and cryptocurrencies |
| 💹 Margin Call / Stop Out: | 100% and 30% |
Tickmill Commissions and Fees
Tickmill has been checked by our experts for commissions. The experts considered the broker's spread as a trading commission, and additional fees for withdrawing funds from a trading account were considered in a non-trading commission category.
| Account type | Spread (minimum value) | Withdrawal commission |
| Raw | From $0 | No |
| Classic | From 1.6 pips | No |
A broker is an intermediary between a trader and an exchange. Therefore, brokers charge fees for their services. The fees may have different structure.
There are the following fees in the Forex market:
-
Spread – the difference between the buy and the sell price of an asset.
-
Commission per lot.
-
Commission per trade.
Broker fees may differ depending on the trading account type. For example, on some accounts spread is used as a trading fee, and on others – commission per lot.
Tickmill Minimum deposit
How to Start Trading — Guide for Traders
Tickmill offers three types of accounts to choose from. The standard currency for funding your account is euros, dollars and pounds. Trading using any strategy is allowed. The minimum lot size is 0.01.
For all account types there is a swap-free Islamic account option. Before opening an account, a customer of Tickmill can familiarize himself with its terms and possibilities and evaluate the functionality of the platform and the services provided on a demo account. The broker offers the MT4 and MT5 trading platforms for trading, as well as the web version of the trading terminals. If you want to learn how to make money on Tickmill, read the Traders Union article.
Tickmill - How to open, deposit and verify a trading account | Firsthand experience of TU
Brokers similar to Tickmill
When analyzing Tickmill, it is important to compare it with other similar companies. Before you choose a broker, it is important to compare its trading conditions with competitors. Traders Union analysts have prepared a comparison of the minimum deposit and other trading conditions of Tickmill and other brokers.
Comparison of Tickmill with other Brokers
| Tickmill | RoboForex | Pocket Option | Exness | Eightcap | Libertex | |
|---|---|---|---|---|---|---|
|
Trading platform |
MT4, MT5, Tickmill Mobile App |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Pocket Option, MT5, MT4 |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MT4, MT5 |
Libertex, MT5, MT4 |
|
Min deposit |
$100 |
$10 |
$5 |
$10 |
$100 |
$100 |
|
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:30 |
From 1:1 |
|
Trust management |
Yes |
No |
No |
No |
No |
No |
|
Accrual of % on the balance |
No |
No |
No |
No |
No |
No |
|
Spread |
From 0 points |
From 0 points |
From 1.2 point |
From 1 point |
From 0 points |
From 0.1 points |
|
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
|
Execution of orders |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
|
No deposit bonus |
$30 |
No |
No |
No |
No |
No |
|
Cent accounts |
No |
Yes |
No |
No |
No |
No |
| Tickmill | RoboForex | Pocket Option | Exness | Eightcap | Libertex | |
|---|---|---|---|---|---|---|
|
Forex |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Metalls |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Crypto |
Yes |
No |
Yes |
Yes |
Yes |
Yes |
|
CFD |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Indexes |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Stock |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
ETF |
No |
Yes |
No |
No |
No |
Yes |
|
Options |
No |
No |
No |
No |
No |
Yes |
Could I recommend Tickmill to a beginner trader?
Based on the results of the analysis, Traders Union experts have concluded that the fees charged by the broker are average. There are companies with lower fees. The broker offers a low minimum deposit, but average fees do not make this broker a good choice for novice traders.
FAQs
What are non-trading fees?
Non-trading fees are the fees charged outside the trading process, for example deposit and withdrawal fee, inactivity fee, etc.
Is there trading without fees?
No. A broker may charge a minimum fee, but it will still be a fee. However, the company’s main source of revenue could, for example, be non-trading fees.
Can you cover the fees with bonuses?
Yes, it is possible. Some brokers offer a welcome or deposit bonus that can be used to cover the fees.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.