Is Tickmill free?
Disclaimer: 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Tickmill does not provide access to real stock trading on US markets. If you are looking for a zero-commission broker to trade on US stock exchanges, you can check our article detailing the best apps offered in this category of brokers. If you wish to stick with Tickmill though, then you will find the fees they charge below.
Tickmill fees
Overview of Tickmill fees and charges
It's safe to say that Tickmill's fees are low in general. They either don't charge a brokerage fee for things that other brokers do, or they only charge a small amount.
Here's a high-level overview of Tickmill's fees
| Assets | Fee level | Fee terms |
|---|---|---|
| US stock fee | - | Not available |
| EURUSD fee | Low | Pro account: $2.00 commission per lot per trade plus spread cost. 0.1 pips is the average spread cost during peak trading hours. |
| US mutual fund fees | - | Not available |
| Inactivity fee | Low | No inactivity fee |
Tickmill fees
Tickmill fees explained
Online brokerages in general charge much lower brokerage fees than traditional brokerages do - this is largely because online brokerages' businesses can be much better scaled: from a purely technical standpoint, it doesn't make that much of a difference for them if they have 100 or 5,000 clients.
This is not to say, however, that they don't charge any fees at all. They make money by charging you various rates for various actions or events. Usually you need to keep an eye on the following three types of fees:
- Trading fees - these are brokerage fees that you pay when you actually carry out a trade, like buying an Apple share or an ETF. What you pay is either a commission, a spread or a financing rate. Some brokers apply all of these.
- A commission is either fixed or based on the traded volume.
- A spread is the difference between the buy price and the sell price.
- A financing rate or overnight rate is charged when you hold your leveraged positions for more than one day.
- Non-trading fees. These are usually related to some operations you carry out in your account, such as depositing money, withdrawing money, or not trading for an extended period.
We compare Tickmill fees with its closest competitors, XM and Admirals (Admiral Markets).
Tickmill fees
Tickmill trading fees
Tickmill's trading fees are low, which makes it suitable for you even if you trade often (i.e. several times a week).
Let's break down trading fees according to the different asset classes available at Tickmill.
Trading fees
Tickmill's trading fees are low.
Forex fees
Tickmill's forex fees are low.
| Tickmill | XM | Admirals (Admiral Markets) | |
|---|---|---|---|
| EURUSD benchmark fee | $11.5 | $14.6 | $14.1 |
| EURGBP benchmark fee | $9.1 | $13.7 | $16.6 |
Options fees
Tickmill's options fees are low.
| Tickmill | XM | Admirals (Admiral Markets) | |
|---|---|---|---|
| US stock options | - | - | - |
| US stock index options | $8.5 | - | - |
| UK stock index options | - | - | - |
| German stock index options | - | - | - |
Futures fees
Tickmill's futures fees are low.
| Tickmill | XM | Admirals (Admiral Markets) | |
|---|---|---|---|
| US micro e-mini stock index futures | $8.5 | - | - |
| UK stock index futures | - | - | - |
| German e-mini stock index futures | - | - | - |
CFD fees
Tickmill has low CFD trading fees.
| Tickmill | XM | Admirals (Admiral Markets) | |
|---|---|---|---|
| Apple CFD | - | $2.2 | $1.1 |
| Vodafone CFD | - | $0.0 | $1.6 |
| Germany | - | $4.6 | - |
Currency conversion fee
Tickmill will charge a Currency Conversion Fee for all trades on instruments denominated in a currency different to the currency of your account. The fee is charged as the following: Exchange rate received from liquidity providers plus a mark-up. We used the EURUSD trading fees for the calculation..
Tickmill fees
Tickmill non-trading fees
When it comes to non-trading fees, Tickmill is a rather cheap broker.
Non-trading fees include various brokerage fees and charges at Tickmill that are not related to buying or selling assets. This can be a withdrawal fee, deposit fee, inactivity fee or account fee.
| Tickmill | XM | Admirals (Admiral Markets) | |
|---|---|---|---|
| Withdrawal fee | $0 | $0 | $0 |
| Deposit fee | $0 | $0 | $0 |
| Inactivity fee | No | Yes | Yes |
| Account fee | No | No | No |
Tickmill fees
Tickmill deposit fee
Usually, brokers don't charge anything for deposits, and Tickmill is no different.
| Tickmill | XM | Admirals (Admiral Markets) | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes | Yes |
| Deposit fee | $0 | $0 | $0 |
Tickmill fees
Tickmill withdrawal fee
Tickmill generally doesn't charge a withdrawal fee.
| Tickmill | XM | Admirals (Admiral Markets) | |
|---|---|---|---|
| Bank transfer | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes | Yes |
| Withdrawal fee for bank transfer | $0 | $0 | $0 |
Tickmill fees
Tickmill inactivity fee
Tickmill does not apply an inactivity fee, which is great because your account won't be charged even if you do not trade for an extended period (like several months or years).
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