Tickmill Account Types comparison

Tickmill is a popular Forex Broker and many traders want to open an account with this trading company but which Tickmill account type is the best? – On this website, you will find our professional comparison by experienced traders. In the following sections, we will calculate the trading fees and commissions for you and tell you which is the best account type.

Tickmill Account Types

Tickmill Account Types and conditions

(Note: Get 5% commission rebate with the codes: IBU13836682 (EU) & IB60353132 (International))

Which is the best account type of Tickmill?

Tickmill is offering 4 different account types. First of all, everyone can create a free demo account for tests and practice on the trading platform. The demo account is filled up with virtual money and is totally free. You do not risk any real money. For all traders who want to start with real money, the question is which is the best account type?

Tickmill is offering the following accounts: 

Generally, the best account type is the VIP account but most traders do not invest $50,000 in their trading account. If you want to do this the VIP account is clearly the way to do it. Now the question is, should you open the classic account or the pro account. Both accounts can be opened by a minimum deposit of $100.

Pro Account vs. Classic Account

There is only one difference between these types of accounts and it is the trading fees.

Classic Account: 

On the classic account, you are trading with a spread fee which is added to the normal trading price of an asset. It means that your position will be opened and you get like a poorer execution of the trade on the price. The profit of the trade will be negative until the price overcome the spread. In the classic account a variable spread of 1.2 pips is added to the market (the spread is depending on the asset and market situation.

Pro Account: 

The pro account gives you the direct market spread. It can be 0.0 pips depending on the market and situation. You will get the direct liquidity of the market and banks. Now Tickmill adds a commission to your trade. This is a fix commission depending on your trading volume. For trading one lot (100.000) you will pay only a commission of $2.

Calculation: Which one is better for you?

Now we will do a trading fee calculation to show you which account type is better for you. In this example, we are using trade in the EUR/USD with the position size of 1 lot.

Classic account: 

The variable spread is 1.2 pips in the EUR/USD. By trading the EUR/USD with 1 lot the pip value by the price of 1.08962 is at the moment $10.

1.2 pips x $10 = $12 trading fee by opening and close the position. That means a $24 overall fee by a finished trade with 1 lot.

Pro account:

You only pay the trading fee of $2 by opening and close the position. That means a $4 overall fee by a finished trade with 1 lot.

Conclusion: The pro account is the best account

The pro account is clearly the best account for the trader because the fees are much lower. We wonder why Tickmill is offering the classic account. You should open the pro account to get the lowest fees. Also, compared with other brokers Tickmill is a very cheap broker. See the table below for all account details and with our IB code, you can get a 5% discount on all your trading commissions in the pro account.

  • PRO ACCOUNT:
  • Min. Deposit:
  • Min. Balance:
  • Currency:
  • Spreads from:
  • Max. Leverage:
  • Min. Lots:
  • Commissions:
  • Strategies:
  • Swap-free Islamic Account:
  • PRO ACCOUNT:
  • 100
  • USD, EUR, GBP
  • 0.0 pips
  • 1:500
  • 0.01
  • $2 per side per 100,000 traded
  • All strategies allowed
  • Yes
  • CLASSIC ACCOUNT:
  • 100
  • USD, EUR, GBP
  • 1.6 pips
  • 1:500
  • 0.01
  • No commissions
  • All strategies allowed
  • Yes
  • VIP ACCOUNT:
  • 50,000
  • USD, EUR, GBP
  • 0.0 pips
  • 1:500
  • 0.01
  • 1 per side per 100,000 traded
  • All strategies allowed
  • Yes

(Note: Get 5% commission rebate with the codes: IBU13836682 (EU) & IB60353132 (International))

Get 5% rebate on the trading commissions of the Pro Account

As partner and IB of Tickmill, we talked to them and negotiated a 5% rebate for all our readers and customers. By using our code or link you will get a 5% rebate on the trading commissions. This means you are paying less trading fees on your trading account. By trading 1 lot you only pay a fee of $1.90. Overall, this can be a huge amount of rebate if you are trading high volumes over time.

Rebate codes: 

  • IBU13836682 for traders who are trading with the European regulation of Tickmill (EU)
  • IB60353132 for traders who are trading with the Seychelles regulation of Tickmill (international)

Advantages of the Tickmill accounts

Tickmill is specialized for forex trading. The company is offering the lowest spreads and commission for traders. On our comparison of Forex Brokers Tickmill is by far the cheapest broker. On the most trading platform you will pay the double off the fees you are paying with Tickmill.

In addition, all strategies are allowed. You can use algorithms and expert advisors (automated trading). The broker gives you the highest liquidity and fastest execution for trades. From our experience, there is no slippage even if you are using high volume in trades.

  • Lowest trading fees compared to other brokers
  • All strategies allowes
  • Supports automated trading
  • High liquidity
  • No slippage
  • Fast execution

Tickmill is one of the cheapest Forex Brokers. By using the pro account you are trading with very few trading fees. 5 out of 5 stars (5 / 5)

Trusted Broker ReviewsExperienced traders since 2013

(Note: Get 5% commission rebate with the codes: IBU13836682 (EU) & IB60353132 (International))