Overview of Tickmill fees and charges
We know that fees are on top of people's mind when selecting a broker. Brokerage fees consist of trading and non-trading fees. The most important trading fees are commission, spread, and financing rate.
- Commission: it's charged when you execute a trade (either buy or sell). Commissions can be volume-tiered or flat fees. Nowadays, there are many commission-free brokers, click on the following links to check out the best free stockbrokers in the US and the EU.
- Spread: it denotes the difference between the bid and ask price. When you trade forex or CFDs, spreads can make up a significant part of your trading costs.
- Financing rate/overnight costs: if you trade on leverage, you may be charged for holding your positions overnight. This cost can be expressed as a percentage or in swap points.
- Non-trading fees: these occur when you deposit and withdraw funds, or if you don't use your account for a certain period.
As Tickmill focuses on CFD and forex trading, the most important cost elements are spreads and financing rates (overnight fees), commissions less so.
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.
Now, let's dive into the details and see what commissions, spreads, and financing rates Tickmill charges.
Tickmill commission and other fees
Tickmill commission and other trading fees
The good news is that Tickmill has low trading fees in general. We ranked the fees of Tickmill as low, average, or high based on how they compare with all reviewed brokers.
Check out this table to get an overview of whether Tickmill commissions, spreads, and financing rates for each asset class are low/average/high.
| Tickmill | XM | Admirals (Admiral Markets) | |
|---|---|---|---|
| Forex | Low | Average | Low |
| CFD | Low | Low | Low |
| Financing rate | Average | Average | Average |
Now let's go over the trading fees for each asset class one by one.
Tickmill forex commissions and spreads
Tickmill forex fees are low. Tickmill forex commissions and spreads for individual currency pairs are charged as per the table below.
| Tickmill | |
|---|---|
| EURUSD fee description | Pro account: $2.00 commission per lot per trade plus spread cost. 0.2 pips is the average spread cost during peak trading hours. |
| GBPUSD fee description | Pro account: $2.00 commission per lot per trade plus spread cost. 0.5 pips is the average spread cost during peak trading hours. |
Check out how Tickmill forex fees compare to its two closest competitors.
| Tickmill | XM | Admirals (Admiral Markets) | |
|---|---|---|---|
| EURUSD benchmark fee | $12.5 | $17.5 | $15.1 |
| GBPUSD benchmark fee | $7.0 | $12.2 | $7.8 |
| AUDUSD benchmark fee | $9.9 | $14.5 | $8.5 |
| EURCHF benchmark fee | $0.0 | $6.3 | $8.9 |
| EURGBP benchmark fee | $9.0 | $15.5 | $15.7 |
Forex fees are calculated for a $20,000 trade using 30:1 leverage
Tickmill options commissions
You can see below the description of Tickmill options commissions. Tickmill options fees are low.
| Tickmill | |
|---|---|
| US stock index options | 0.85 per micro contract |
| US stock options | Not available |
| UK stock index options | Not available |
| German stock index options | Not available |
Compare options commissions charged by Tickmill with those of XM and Admirals (Admiral Markets).
| Tickmill | XM | Admirals (Admiral Markets) | |
|---|---|---|---|
| US stock index options | $8.5 | - | - |
| US stock options | - | - | - |
| UK stock index options | - | - | - |
| German stock index options | - | - | - |
Options commissions are calculated for 10 contracts
Tickmill futures commissions
You can see below how Tickmill futures commissions are charged. Tickmill futures fees are low.
| Tickmill | |
|---|---|
| US micro e-mini stock index futures | 0.85 per micro contract |
| UK stock index futures | Not available |
| German e-mini stock index futures | Not available |
Compare how the futures commissions of Tickmill stack up against those of XM and Admirals (Admiral Markets).
| Tickmill | XM | Admirals (Admiral Markets) | |
|---|---|---|---|
| US micro e-mini stock index futures | $8.5 | - | - |
| UK stock index futures | - | - | - |
| German e-mini stock index futures | - | - | - |
Futures commissions are calculated for 10 contracts
Tickmill CFD commissions and spreads
Tickmill CFD fees are low. Tickmill CFD commissions and spreads for different assets are charged as per the table below.
| Tickmill | |
|---|---|
| S&P 500 CFD fee | The fees are built into the spread, 0.39 points is the average spread cost during peak trading hours. |
| Europe 50 CFD fee | The fees are built into the spread, 1.5 points is the average spread cost during peak trading hours. |
| Apple CFD | The fees are built into the spread, 0.07 is the average spread cost during peak trading hours. |
| Vodafone CFD | Not available |
Below you can see how Tickmill CFD fees compare with those of XM and Admirals (Admiral Markets).
| Tickmill | XM | Admirals (Admiral Markets) | |
|---|---|---|---|
| S&P 500 index CFD fee | $2.6 | $2.5 | $2.3 |
| Europe 50 index CFD fee | $2.2 | $3.1 | $1.6 |
| Apple CFD | - | $2.2 | $1.1 |
| Vodafone CFD | - | $0.0 | $4.9 |
CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs
Tickmill financing rates
Tickmill financing rates are average. They make up a significant part of your trading costs if you hold your position for a long time.
Check out how Tickmill financing rates compare with those of XM and Admirals (Admiral Markets).
| Tickmill | XM | Admirals (Admiral Markets) | |
|---|---|---|---|
| EURUSD financing rate | 2.9% | 3.7% | 3.6% |
| GBPUSD financing rate | 1.4% | 2.3% | 1.5% |
| S&P 500 CFD financing rate | 6.1% | 6.1% | 5.2% |
| Europe 50 CFD financing rate | 3.6% | 4.4% | 2.9% |
| Apple CFD financing rate | 5.2% | 6.0% | 6.1% |
| Vodafone CFD financing rate | - | 5.9% | 6.0% |
Tickmill commission and other fees
Tickmill non-trading fees
In addition to trading fees, it's important to see if Tickmill charges a fee on deposits, withdrawals, account maintenance, and inactivity. We compared these fees levied by Tickmill with its two closest competitors.
| Tickmill | XM | Admirals (Admiral Markets) | |
|---|---|---|---|
| Deposit fee | $0 | $0 | $0 |
| Withdrawal fee | $0 | $0 | $0 |
| Account fee | No | No | No |
| Inactivity fee | No | Yes | Yes |
CFD fees are calculated for a $2,000 trade using 20:1 leverage for stock index CFDs, and 5:1 leverage for stock CFDs
Tickmill commission and other fees
Bottom line
Hopefully, by now you have a clear picture of the commissions, spreads, financing rates, and non-trading fees charged by Tickmill and its closest competitors. To learn more about Tickmill, check out this detailed review. If you would like more information about fees in general, read this article about brokerage fees.
If you're not sure which broker to choose, get a personal recommendation from our broker recommendation algorithm or compare brokers with our broker comparison table.
Comments