Tickmill Fees and Spread Review

Is Tickmill Cheap?

Tickmill Review

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Tickmill is known as one of the cheapest trading platforms in the world because it has a cheap electronic communications network (ECN) account with low spreads and fees. This means that Tickmill operates on an electronic matching engine that matches various orders between buyers and sellers in the forex market.

Tickmill’s ECN system links all traders directly with liquidity providers, eliminating the need for a middleman in transactions. As a result, traders can benefit from tighter spreads and greater depth in market pricing, making for more affordable trades. By offering one of the lowest forex and contract for differences (CFD) fees out there, Tickmill allows high-volume, high-balance traders to maximize their profits and minimize losses.

Tickmill - Forex Fees and Spread

The forex spread is the difference between the bid price and the ask price of a currency pair. A wider forex spread means that there’s a greater difference between the two prices. This means that there’s usually low liquidity and high volatility with wider forex spreads. As you can see in the table below, Tickmill’s forex spreads are relatively low just like its competitors IC Markets and FxPro.

Tickmill Spread Compared

Forex Trading Fees

Many brokers charge fees for trading a currency pair that’s bought or sold. They might also charge commission. Tickmill charges an ECN account fee of $2 per lot, while its competitor IC Markets charges an ECN account fee of $3.5 per lot. Therefore, TIckmill’s ECN broker fee is a fixed fee that’s one of the lowest on the market.

Tickmill CFD Fees and Spread

Below you can see the average spreads and fees for each type of CFD Tickmill has to offer. These types of CFDs include stock indices and oil, cryptocurrency, forex, metals, and bonds.

As shown in the table, Tickmill has very low spreads across most of its CFDs. However, cryptocurrency offers the highest spread. This is due to the fact that crypto assets are known for having high volatility in the market.

When you compare Tickmill’s spreads and fees to Exness, you can see that Tickmill has the lowest spreads of the two, except in the cryptocurrency market.

Additionally, when you sign up for the Tickmill Pro account, you can trade the original spreads of the liquidity providers with no markup. Spreads start at 0.0 pips, although they can be higher sometimes depending on the market situation. For example, if you trade 1 lot, you will pay a $2 commission by opening or closing a trade. Overall, it will be a $4 fee. However, on the VIP account, the commission is only $1 per lot trade, so the fees are even lower.

Tickmill Non-Trading Fees

Does Tickmill Charge an Inactivity Fee?

Some forex and CFD brokers charge an activity fee to brokerage accounts that haven’t met minimum buying or selling activity within a certain amount of time.

This is a way for brokers to gain revenue and hedge against the risk of a trader not placing enough orders, which in turn, hurts the broker's chances of earning significant commissions to make a profit.

Inactivity fees affect small and long-term investors who don’t trade as often or have a lower volume of trades compared to other investors. Tickmill doesn’t charge an inactivity fee. Therefore, you can trade as often or as little as you’d like on the platform without having to worry about fees.

Does Tickmill Charge a Withdrawal Fee?

Trading brokers may charge a withdrawal fee when you want to withdraw money from your trading account. It’s usually a flat fee per withdrawal. Tickmill doesn’t charge withdrawal fees.

Does Tickmill Charge Other Fees?

Other than trading fees and commissions, Tickmill doesn’t charge any other fees. This means that traders don’t have to worry about common fees charged by brokers, such as withdrawal, deposit, transfer, and inactivity fees. Therefore, you can use Tickmill even if you trade frequently like multiple times per week or per day.

Tickmill Financing Rates

When you borrow money from a forex broker, it means you’re using margin. This means that they’ll charge you interest on any position you open.

Margin rates, or financing rates, determine the cost of borrowing when trading. These rates tend to vary from one broker to the next. There are many factors that affect the rates forex brokers may charge.

Unlike some forex brokers, Tickmill offers highly affordable financing rates for traders who want to participate in margin trading. Low financing rates are especially beneficial to traders who prefer long positions, as they won’t have to worry about significant financing costs.

Tickmill Swap (Pips)

A broker’s swap rate is the rate at which interest in one currency will be exchanged for interest in another currency. Tickmill has favorable swap rates, but it’s important to check regularly as they tend to change often.

Summary

To sum up, Tickmill is a relatively cheap broker that offers low spreads and high leverage on CFD currencies, stock, indices, bonds, and metals. This can make for an excellent trading experience for investors who want to leverage some of the lowest spreads in the industry.