Tickmill trading fees & costs for traders

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What does trading cost with the Forex Broker Tickmill? – The most traders ask this question before they open a new trading account with Tickmill. As experienced traders we know the broker for more than 5 years. In the following sections we will give you a exact overview about the trading fees of Tickmill.

Tickmill international activity

Tickmill international activity

Which fees can occur with Tickmill?

By opening an account with a Forex Broker different trading fees or account fees can occur. This is depending on the policy of the company. From our experience, Tickmill is one of the cheapest brokers. There are not any additional fees next to the normal trading fees. In addition, trading fees are very cheap. In the next points, we will show you exactly which fees can occur and which fees do not occur. Later we will go in detail.

Fees which occure by trading with Tickmill:

  • Spread (direct spread or higher spread in the classic account)
  • Trading commission (only by using the VIP or pro account)

The spread in the classic account by 1.2 pips and you will not pay any commissions. By using the pro account you get 0.0 pips spread and pay a commission of $2 per 100.000 (1 lot) traded. For VIP traders the commission is only $1. On this site you can read about the best Tickmill account type.

Fees which do not occure by trading with Tickmill:

  • No deposit or withdrawal fees
  • No account maintenance fees
  • No inactivity fees

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

1. Trading fee: Market spread

As mentioned before you can choose between two account types. With the classic account, you pay a higher fee on every trade but no commission. In the following, we will discuss and explain the spread. Even in the pro account the spread is starting with 0.0 pips (variable) and is depending on the market situation. The basic account starts with a spread of 1.2 pips.

Tickmill trading fee market spread

Tickmill trading fee: market spread

In the picture above you see the order mask with the spread (red box). The spread is the difference between the bid (buy liquidity) and ask (sell liquidity) price. The broker adds an additional spread to the normal market condition to earn money. If you open or close a position you pay the trading fee because of the additional spread.

Example of spread fee calculation: 

For example, you want to trade the EUR/USD with one lot (value 100.000). The average spread on the classic account is 1.2 pips on the EUR/USD asset.

To calculate the pip value we use the formula: pip value = one pip / exchange rate * 100,000

At the moment the pip value on the price 1,08962 is $10.00. That means you pay a trading fee 0f $12 by trading 1 lot EUR/USD.

2. Trading fee: Commission

By using the pro account you trade the original spreads of the liquidity providers with no markup. The spreads are starting at 0.0 pips but sometimes they can be higher depending on the market situation. Tickmill does not earn money by the spread but with an additional commission each trade. By trading 1 lot you will pay $2 commission by opening or closing a trade. Overall it is a $4 fee in this example. If you are using the VIP account you pay fewer fees because the commission is only $1 per 1 lot trade.

How does Tickmill earn money?

Tickmill is a real NDD (no dealing desk broker) who provides high liquidity to its clients. The broker only earns money from the trader’s trading volume. If a trader starts trading he pays the trading spread fee or the trading commission. Tickmill does not hedge or trade against clients like other unpopular brokers.

Tickmill earns only money with: 

  • Additional spread on the market
  • Trading commissions

Pay less trading fees with our IB codes

By using our IB codes (below the buttons on this page) you get a 5% rebate of all trading commission made with the pro account. We negotiated this rebate with Tickmill to give our clients and readers an advantage. Just open a new trading account and type in the code. You will pay less trading fees. First off all 5% rebate sounds like nothing but if you do a calculation over a year you can save a lot of money.

Conclusion: The Tickmill trading fees are very small

From our experience, Tickmill is the cheapest Forex Broker. The trading conditions are very good for trading international markets. The broker earns only money by the spread or commissions. There are no hidden fees and the broker does not require deposit, withdrawal, or inactivity fees.

Overall, Tickmill is a highly recommended broker. You will save a lot of money because compared to other companies the trading costs are very low. Moreover, you will get personal support in multi-languages and you can start with a $100 deposit.

We compared more than 50 different brokers and Tickmill is the cheapest one. 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))