Pros Cons • Low forex fees • Average CFD fees • No withdrawal fee • No inactivity fee Tickmill fees snapshot Assets Fee level Fee terms EURUSD Low Pro account pricing: €2 commission per trade per lot plus spread cost. 0 pips is the average spread cost during peak trading hours. GBPUSD Low Pro account pricing: £2 commission per trade per lot plus spread cost. 0.2 pips is the average spread cost during peak trading hours. S&P 500 CFD Low The fees are built into the spread, 0.39 points is the average spread cost during peak trading hours. Inactivity fee Low No inactivity fee
How we ranked fees
We ranked Tickmill’s fee levels as low, average or high based on how they compare to those of all reviewed brokers.
To get things rolling, let’s go over some lingo related to broker fees. What you need to keep an eye on are trading fees, and non-trading fees.
- Trading fees occur when you trade. These can be commissions, spreads, financing rates and conversion fees.
- Non-trading fees include charges not directly related to trading, like withdrawal fees or inactivity fees.
Below you will find the most relevant fees of Tickmill for each asset class. For example, in the case of forex and stock index trading the most important fees are spreads, commissions and financing rates.
We also compared Tickmill’s fees with those of two similar brokers we selected, AxiTrader and FXCM. This selection is based on objective factors such as products offered, client profile, fee structure, etc. See a more detailed rundown of Tickmill alternatives.
To have a clear overview of Tickmill, let’s start with the trading fees.
Tickmill trading fees
Tickmill’s trading fees are low. Different account types come with different cost structures. We tested the Pro account, which charges a commission but offers tight spreads.
We know it’s hard to compare trading fees for forex brokers. So how did we approach the problem of making their fees clear and comparable? We compare brokers by calculating all the fees of a typical trade for selected products.
We have chosen popular instruments in each asset class usually provided by the forex brokers:
- Forex: EURUSD, GBPUSD, AUDUSD, EURCHF and EURGBP
- Stock index CFDs: SPX and EUSTX50
A typical trade means buying a leveraged product, holding it for one week and then selling. For the volume, we chose a $20,000 position for forex and a $2,000 position for stock index and stock CFD transactions. The leverage we used was:
- 30:1 for forex
- 20:1 for stock index CFDs
These catch-all benchmark fees include spreads, commissions and financing costs for all brokers. Let’s see the verdict for Tickmill fees.
Forex fees
Tickmill has low forex fees.
Tickmill forex benchmark fees of a $20,000 30:1 long position held for one week Tickmill AxiTrader FXCM EURUSD benchmark fee $6.7 $4.9 $8.2 GBPUSD benchmark fee $4.5 $3.4 $2.8 AUDUSD benchmark fee $4.3 $3.4 $5.3 EURCHF benchmark fee $5.9 $1.5 $4.1 EURGBP benchmark fee $7.6 $4.7 $11.6
Low forex fees are mainly the result of the low commission Tickmill charges. The commission is 2 base currency units per lot per trade. For example, it is €2 per lot per trade for EURUSD, £2 per lot per trade for GBPUSD, etc.
CFD fees
Tickmill CFD fees are average.
Tickmill CFD fees for a $2,000 long position held for one week Tickmill AxiTrader FXCM S&P 500 index CFD fee $1.6 $1.6 $1.4 Europe 50 index CFD fee $1.6 $1.7 $2.0
Non-trading fees
Tickmill has low non-trading fees. There is no fee for deposit or withdrawal. There is also no inactivity fee, but accounts that have been inactive for more than a year and have an account balance of less than €10 (or equivalent) may be closed by the broker.
Tickmill non-trading fees Tickmill AxiTrader FXCM Account fee No No No Inactivity fee No No Yes Deposit fee $0 $0 $0 Withdrawal fee $0 $0 $0
