Exness Review
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 offers three retail investor accounts as well as Demo and Islamic accounts. Tickmill has a trust score of 82% out of 100.
- Lesche Duvenage
Jump to:
Fees and Spreads Overview
Additional Trading Fees
Broker Fees
Pros and Cons
Final Verdict
FAQ
Overall Rating
- 4.7/5
Min Deposit
$100 / 1 343 BWP
Regulators
CySEC, FCA, FSA, FSCA, Labuan FSA
Trading Desk
Meta Trader 4
Crypto
Yes
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 EUR/USD.
👉 The kind of spreads one could anticipate varies depending on their trading style. The trading account, trading circumstances, and overall market conditions on the day of the transactions will all play a part.
👉 Some of the most popular spreads that traders often encounter are listed below:
➡️ Pro Account – 0.0 pips
➡️ Classic Account – 1.6 pips
➡️ VIP Account – 0.0 pips
Additional Trading Fees
Commissions
👉 Tickmill provides commission-free trading on the Classic Account, which has marked-up spreads to cover the broker fees for facilitating the trade. Tickmill charges commissions for the following accounts:
➡️ Pro Account – $2 per side, per 100,000 (standard lot) traded.
➡️ VIP Account – $1 per side, per 100,000 (standard lot) traded.
👉 Additionally, charges are still owed positions are kept open overnight even if the Islamic Account does not impose overnight fees. Botswanan Muslim traders using the Tickmill Islamic account can expect the following commissions:
| 🔨 Financial Instrument | 🔃 Charge Per lot in USD |
| BRENT, XTI/USD | 0.01 USD |
| LTC/USD | 0.01 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 costs forex traders must pay to keep an open position for more than 24 hours. However, under some conditions, traders might get credit for maintaining their holdings.
👉 To keep a transaction open overnight, Botswanan traders must pay interest on the currency they sold and receive interest on the currency they purchased.
👉 Tickmill’s swap fees are determined by the interest rates of the countries involved in each currency pair and the market circumstances when Botswanans participate in trading.
👉 The time of the platform requires that exchange rates be conducted at midnight. Each currency pair’s exchange rate swap is computed using a standard lot size of 100,000 units of the base currency.
👉 If a trader’s position remains open overnight, the swaps will result in a new “value date.” So, for example, the swap fees for Wednesday evenings will quadruple after the exchange’s new value date is shifted to Monday.
👉 The following are examples of typical overnight fees for Tickmill clients:
| 🔨 Instrument | 💰 Number of Assets Offered | 📈 Max Leverage Offered |
| ➡️ Forex | 62 | • FCA, CySEC: 1:30 • FSA, LFSA, FSCA: 1:500 |
| ➡️ Precious Metals | 4 | • FCA, CySEC: 1:20 • FSA, LFSA, FSCA: 1:500 |
| ➡️ Indices | 23 | • FCA, CySEC: 1:20 • FSA, LFSA, FSCA: 1:100 |
| ➡️ Stocks | 98 | • FCA, CySEC: 1:20 • FSA, LFSA, FSCA: 1:20 |
| ➡️ Cryptocurrency | 8 | • FCA, CySEC: 1:20 • FSA, LFSA, FSCA: 1:20 |
| ➡️ Energies | 3 | • FCA, CySEC: 1:20 • FSA, LFSA, FSCA: 1:20 |
| ➡️ Bonds | 4 | • FCA, CySEC: 1:20 • FSA, LFSA, FSCA: 1:20 |
👉 Tickmill offers Muslim traders who follow Sharia law the chance to convert a live trading account into an Islamic Account, exempting them from interest prohibited by their religion.
👉 Tickmill does not provide spread betting services to Botswanan traders. Therefore, Botswanans need not worry about spread betting fees.
Broker Fees
Deposit and Withdrawal Fees
👉 Tickmill does not charge deposit or withdrawal fees when Botswanans use any available payment methods.
Inactivity Fees
👉 Tickmill imposes no inactivity fees on inactive accounts.
Currency Conversion Fees
👉 Since Tickmill does not provide BWP-denominated trading traders, BWP-denominated deposits and withdrawals are subject to currency translation fees.
Tickmill Kenya Pros and Cons
| ✔️ Pros | ❌ Cons |
| Tickmill offers dedicated, prompt customer support 24 hours a day, 5 days a week | There are only a few asset classes and financial instruments offered |
| There is a selection of funding and withdrawal options offered by Tickmill | There are no fixed spreads offered by Tickmill |
| Tickmill offers a no-deposit bonus to new traders | There are currency conversion fees when Botswanan traders deposit or withdraw in BWP |
| There are low spread costs and high leverage ratios offered | Additional commissions are applied to the Islamic account when positions are held for longer than three days |
| Tickmill is well-regulated and has a good reputation | |
| There are several tools provided to advanced traders including AutoChartist, FIX API, and more | |
| MetaTrader 4 and MetaTrader 5 are both offered by Tickmill | |
| There is a commission-free trading account offered to Botswanan traders |
Verdict on Tickmill
👉 Overall, Tickmill is very competitive in terms of its trading fees and spreads.
FAQ
What average cost can I expect when Tickmill is my chosen broker?
The average trading cost for Tickmill ranges from 2 to 16 USD, depending on the account you choose.
Does Tickmill comply with Sharia?
Tickmill is fully Sharia-compliant and offers an Islamic Account conversion on all three retail accounts.
What is the average spread that Tickmill charges?
The average spreads start from 0.0 pips on the Pro and VIP Accounts.
Is there an additional fee on the Islamic Account to offset the absence of overnight fees?
There are commissions charged on the Islamic Account if a position is kept open for over three consecutive days. These fees range from 0.01 to 50 USD.
Do I pay deposit or withdrawal fees?
You are not subject to deposit fees or withdrawal fees with Tickmill.
