Tickmill spreads and swaps
One of the most important trading parameters is the size of spreads and swaps since they partially determine the profitability of the strategy chosen by the trader. Tickmill has low trading fees, which makes it stand out from its competitors. At the same time, the broker does not have accounts with a zero spread, however, a low level of spread allows traders to profitably employ the scalping strategy.
| Tickmill | XM Group | Admiral Markets | |
| Zero spread | No | No | Yes |
| Fixed spread | No | No | No |
| Floating spread | Yes | Yes | Yes |
| Swaps | Yes | Swaps + Islamic accounts | Yes |
Tickmill clients may not choose the type of spread that suits them. The default is a floating spread and floating commissions, which cannot be replaced with fixed spreads.
Compare brokersComparison table of spreads
So that you can understand if this company is right for you, Traders Union has created a comparison table that shows the standard spreads for major currency pairs from the Tickmill broker and its competitors. The minimum deposit at Tickmill is $100, but the broker's spreads are several times lower than those of XM and Admiral Markets, which makes it more attractive for traders. Also, Tickmil's competitors do not have an advantage in the types of accounts with no spread at all. So the size of the spread value at Tickmill can be considered optimal and competitive.
| Tickmill | XM | Admirals | |
| AUD/USD | 0,1 | 1,9 | 1,0 |
| GBP/USD | 0,3 | 2,4 | 1,0 |
| EUR/USD | 0,1 | 1,7 | 0,6 |
| USD/CAD | 0,2 | 2,2 | 1,6 |
| USD/CHF | 0,4 | 2,1 | 2,9 |
| USD/JPY | 0,1 | 1,6 | 0,9 |
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Comparison table of swaps at Tickmill
against its competitors
At Tickmill, only fixed swaps are available to clients. For traders professing Islam, it is possible to make any type of account swap-free and disable the function of crediting and charging off swaps to the client's trading account.
Using our comparison table you can find swaps for the most common currency pairs from Tickmill and its main competitors.
| Tickmill | XM | Admiral Markets | |
| GBP/USD short | -2.66 | -0.03 | -0.340 |
| GBP/USD long | -3.96 | -0.04 | -0.616 |
| EUR/USD short | 0.1 | -0.01 | 0.007 |
| EUR/USD long | -4.7 | -0,05 | -0.730 |
| USD/JPY short | -3.76 | -0,04 | -0.513 |
| USD/JPY long | -1.15 | -0.02 | -0.282 |
A negative swap value means that the specified number of points will be charged from your trading position. Whereas, a positive swap means that it has been credited. Swaps are calculated based on the ratio of refinancing rates in central banks, the issuers of those currencies existing in a particular currency pair.
FAQs on Tickmill’s spreads and swaps
Is the spread size in Tickmill competitive?
Tickmill sets extremely low spreads, which makes it a profitable partner for cooperation in the Forex market.
Can I get a zero spread at Tickmill?
Despite the fact that the broker's spreads are low (from 0.0 pips), the company does not provide accounts with an absence of spreads. If this parameter is extremely important for you, we recommend that you study the Traders Union rating and choose another broker that offers accounts with a zero spread.
Why are Tickmill swaps different from its competitors?
The swap rate at Tickmill is calculated on its own system. Other Forex brokers also have unique settlement systems, which leads to differences in the size of the swaps in different companies.
How do I open a trading account with Tickmill?
To open an account, go to the official website of the Tickmill broker using the Traders Union referral link. Click on the "Open an account" button and fill out the form with your personal information. Next, go through passport data verification. After that, you need to select the type of trading account, make a deposit and start trading.
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.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).