Is Tickmill free?

Personally tested

Data-driven

Independent

Is Tickmill free as of September 2024?

Disclaimer: 69% 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.

Visit broker
69% of retail CFD accounts lose money

Tickmill

4.5/5

Minimum deposit

$100

FX fee

Low

Index CFD fee

Low

Withdrawal fee

Account opening

1 day

Visit Tickmill

69% of retail CFD accounts lose money

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

Tickmill Fees snapshot
Assets	Fee level	Fee terms
US stock fee	-	Not available
EURUSD fee	Low	Raw account: $3.00 commission per lot per trade plus spread cost. 0.2 pips is the average spread cost during peak trading hours.
US mutual fund fees	-	Not available
Inactivity fee	Low	No inactivity fee

Visit broker
69% of retail CFD accounts lose money

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).

Visit broker
69% of retail CFD accounts lose money

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.

Forex fees of a $20,000 30:1 position (open, 1-week-hold and close)
	Tickmill Tickmill	XM XM	Admirals (Admiral Markets) Admirals (Admiral Markets)
EURUSD benchmark fee Includes all fees (spread, commission, financing rate) of a $20,000 30:1 position open, 1-week-hold, and close	$9.6	$11.2	$12.3
EURGBP benchmark fee Includes all fees (spread, commission, financing rate) of a $20,000 30:1 position open, 1-week-hold, and close	$9.7	$12.2	$16.1

Data updated on September 27, 2024

Options fees

Tickmill's options fees are low.

Options fees for 10 contracts
	Tickmill Tickmill	XM XM	Admirals (Admiral Markets) Admirals (Admiral Markets)
US stock options Estimated commission for opening 10 contracts	- Not available	- Not available	- Not available
US stock index options Estimated commission for 10 contracts	$8.5 0.85 per micro contract	- Not available	- Not available
UK stock index options Estimated commission for 10 contracts	- Not available	- Not available	- Not available
German stock index options Estimated commission for 10 contracts	- Not available	- Not available	- Not available

Data updated on September 27, 2024

Futures fees

Tickmill's futures fees are low.

Stock index futures fees for 10 contracts
	Tickmill Tickmill	XM XM	Admirals (Admiral Markets) Admirals (Admiral Markets)
US micro e-mini stock index futures Estimated commission for 10 contracts	$8.5 $0.85 per micro contract	- Not available	- Not available
UK stock index futures Estimated commission for 10 contracts	- Not available	- Not available	- Not available
German e-mini stock index futures Estimated commission for 10 contracts	- Not available	- Not available	- Not available

Data updated on September 27, 2024

CFD fees

Tickmill has low CFD trading fees.

CFD fees and commissions on a $2,000 trade
	Tickmill Tickmill	XM XM	Admirals (Admiral Markets) Admirals (Admiral Markets)
Apple CFD Commission for a $2,000 stock CFD trade	- The fees are built into the spread, 0.04 is the average spread cost during peak trading hours.	$1.9 The fees are built into the spread, 0.37 is the average spread cost during peak trading hours.	$1.1 $0.02 per share with $1 min
Vodafone CFD Commission for a $2,000 stock CFD trade	- Not available	$6.9 The fees are built into the spread, 0.48 is the average spread cost during peak trading hours.	$1.8 0.1% of trade value with £4 min
Germany Commission for a $2,000 stock CFD trade	-	$4.6 The fees are built into spread. 0.2 spread is the spread cost	-

Data updated on September 27, 2024

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..

Visit broker
69% of retail CFD accounts lose money

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.

A high-level overview of how Tickmill stacks up in terms of non-trading fees
	Tickmill Tickmill	XM XM	Admirals (Admiral Markets) Admirals (Admiral Markets)
Withdrawal fee Fee for withdrawing money from the broker account. It is zero if you can withdraw money for free via any method, e.g. credit/debit card or bank transfer.	$0 Free withdrawal	$0 Free withdrawal. The only exception is the bank wire transfer below $200.	$0 One free withdrawal every month
Deposit fee	$0 Free deposit	$0 Free deposit	$0 No deposit fee
Inactivity fee Fee applied if a customer does not trade for a certain length of time	No No inactivity fee	Yes $15 one-off maintenance fee after one year of inactivity, followed by $5 per month fee if the account remains inactive	Yes €10 per month after 2 years of inactivity. Only charged if your account balance is greater than zero
Account fee Monthly account fee	No No account fee	No No account fee	No No account fee.

Data updated on September 27, 2024

Visit broker
69% of retail CFD accounts lose money

Tickmill

4.5/5

Minimum deposit

$100

FX fee

Low

Index CFD fee

Low

Withdrawal fee

Account opening

1 day

Visit Tickmill

69% of retail CFD accounts lose money

Tickmill deposit fee

Usually, brokers don't charge anything for deposits, and Tickmill is no different.

Tickmill deposit methods
	Tickmill Tickmill	XM XM	Admirals (Admiral Markets) Admirals (Admiral Markets)
Bank transfer Bank transfer is available for deposit	Yes	Yes	Yes
Credit/debit card Credit/debit cards are available for deposit	Yes	Yes	Yes
Electronic wallets Electronic wallets are available for deposit	Yes	Yes	Yes
Deposit fee	$0 Free deposit	$0 Free deposit	$0 No deposit fee

Data updated on September 27, 2024

Visit broker
69% of retail CFD accounts lose money

Tickmill withdrawal fee

Tickmill generally doesn't charge a withdrawal fee.

Tickmill withdrawal fees and options compared
	Tickmill Tickmill	XM XM	Admirals (Admiral Markets) Admirals (Admiral Markets)
Bank transfer Bank transfer is available for deposit	Yes	Yes	Yes
Credit/debit card Credit/debit cards are available for deposit	Yes	Yes	Yes
Electronic wallets Electronic wallets are available for deposit	Yes	Yes	Yes
Withdrawal fee for bank transfer Fee for withdrawing money from the broker account. It is zero if you can withdraw money for free via any method, e.g. credit/debit card or bank transfer.	$0 Free withdrawal	$0 Free withdrawal. The only exception is the bank wire transfer below $200.	$0 One free withdrawal every month

Data updated on September 27, 2024

Visit broker
69% of retail CFD accounts lose money

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).

Visit broker
69% of retail CFD accounts lose money

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

Got questions?

Engage with our growing community of traders and investors like you to find your answers.

Join now

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.