Tickmill Commission or Brokerage Charges – Review, Plans, FAQs & moreLast Updated Date: Apr 27, 2022
Tickmill has achieved success and renown as a low-cost Forex and CFDs broker. Regulated by 5 authorities, there remains no doubt that trader funds and personal data are safe with them.
Tickmill Commission for trading as well as fees for non-trading services is rather low. As such, traders gain more income.
Some services require no payment like the demo account. Deposits and withdrawals of funds through several methods do not charge any fee.
Tickmill Charges are surprisingly low while comparing with many other brokers too. Tickmill claims to be the cheapest in the industry.
Among the advantages are the numerous languages in which MetaTrader 4 is available. Customer support also works in several languages.
Tickmill Commission or Brokerage Charges
Tickmill Brokerage differs across the account types and also according to the assets.
Not only commission rates but spreads and swaps are rather low which works to the advantage of traders in search of profits.
The lesser the charges paid to the broker, the higher is the trader income.
When trading positions are held overnight, swap charges apply.
Tickmill makes an exception for Muslim traders who follow the Sharia Law according to which they are not allowed to pay for the open position.
The company has not confirmed if spread betting is allowed and what the spread betting fees would be.
Inactivity fees do not apply and need not be paid at this company. Inactivity means where no trading has taken place.
Deposit fees and withdrawal fees are not charged. Deposits and withdrawals are free of charge.
Yet, banks may have their charges for Wire Transfer like those for eWallets like Skrill and Neteller.
The company does not impose any other kind of hidden fees.
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Types of Tickmill Commission Plans
|Types of Commission Plans|
|Account Type||PRO ACCOUNT||CLASSIC ACCOUNT||VIP ACCOUNT|
|Initial Deposit||100 USD||100 USD||50,000 USD|
|Spread||From 0 pips||From 1.6 pips||Starts From 0 pips|
|Commission||2 per side, per 100,000||Zero||1 per side, per 100,000|
|Leverage||30:1 (Retail) 300;1 (Professional)||30:1 (Retail) 300;1 (Professional)||its 30:1 (Retail) 300;1 (Professional)|
Tickmill Fees on trades fall into 3 categories according to the 3 account types, Pro, Classic, and VIP accounts. Tickmill Commission is surely the lowest.
On EUR/USD, the spread commences at 0.13 pips. That increases to 0.53 pips while adding the RT commission of 0.4 pips. Similar pip rates are found in the Pro account.
- Pro accounts charge $2 per side of the trade for open and close, meaning $4 for a trade. Pro account is preferable for most traders in view of the lower spreads. As many as 75 instruments may be accessed that include 62 currency pairs. The initial deposit in the Pro account is $100.
- Classic accounts do not charge a trading commission and traders only pay the bid-ask Yet, the spreads in this account are higher than the 2 other account types. The initial deposit in the Classic account is $100.
- Pro and VIP accounts take commissions.
- VIP accounts charge a smaller commission, $1 per side per traded lot, resulting in $2 for a trade. VIP minimum balance of $50,000 needs to be maintained.
3-tier Rebates for Active traders
Starting at $0.25 per standard lot up to 1000 standard lots per month, the amount increases to $0.50 in the next tier.
The highest tier gives a rebate of $0.75 for the trade of more than 3001 lots on a monthly basis.
An inactivity fee is not charged at this company.
Tickmill Account Opening Process
Tickmill offers several types of accounts:
- Demo account
- Classic account
- Pro account
- VIP account
- Islamic account
Creating an account is an easy digital process online that takes only a few minutes. Get the scanned verification documents ready in advance. Visit the company website www.Tickmill.com and click on the Create Account button.
The online registration form appears. Start filling in the details very carefully regarding the letters and numbers. Enter them just as they appear in the verification documents.
In the dropdown boxes, enter the country and client type, whether individual or company account.
Also, enter the language and date of birth. Along with the full name, enter the email address.
In step 2, enter the residential address, education level, employment details, and financial background.
Regarding the experiences of trading, answer a few yes/no questions.
In order to open a live trading account, choose from the 3 types – Pro, Classic, and VIP.
The initial deposit has to be made according to the required amount.
Verification of 2 documents refers to identity and residence. Valid government-issued documents need to be uploaded in color.
Most often, a passport or driving license is submitted for identity proof. The image of the applicant should be clear along with the name.
Bank statements or utility bills are usually submitted for residence proof. The name and address should be clearly visible.
After successful verification, the trader is ready to start live investments.
Tickmill Payment or Withdrawal Methods
|Deposit Options||Credit Card, Neteller, PayPal, Skrill, Western Union, Wire Transfer|
|Withdrawal Options||Cash-U, Credit Card, Moneybookers, Neteller, PayPal, QIWI, Skrill, Webmoney, Wire Transfer|
The company offers several deposit and withdrawal methods along with fund transfers that are easy and fast, and mostly free from charges.
Among the deposit options are Neteller and PayPal, Skrill, Western Union, and Wire Transfer.
Some withdrawal options are Neteller, PayPal, QIWI, Skrill, Webmoney, and Wire Transfer.
Relevant terms and conditions
Deposit and withdrawal processing time is usually one day. The conventional banking methods allow traders to deposit a minimum of $100 and a minimum withdrawal of $10.
Traders may choose a convenient method to deposit, withdraw or transfer funds. There are no charges to be paid if the deposit amount is $5000 or equivalent.
Clients who register at Tickmill Ltd Seychelles may use the following payment methods:
- Qiwi Wallet
- Thailand online bank transfer
- Vietnam instant online bank transfer
Electronic wallet services and banks may charge additional fees.
No transfer fees are charged for using the Tickmill payment methods.
Payouts and deposits need to follow the same banking method.
Only 4 currencies are used for payouts – PLN, USD, GBP, and EUR.
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Tickmill Investment Assets
|Total Tradable Assets||136|
|Number Of Currency Pairs||62|
|Number Of Cryptocurrencies||0|
|Number Of Stocks||0|
|Number Of Indices||14|
|Number Of Commodities||5|
|Number Of Futures||51|
|Number Of Options||N/A|
|Number Of Bonds||4|
|Number Of ETFs||N/A|
Primarily a low-cost Forex and CFD broker, Currencies, commodities, indices, bonds, and futures are traded at Tickmill. Services are fast and easy in an award-winning online platform.
Traders find several investment avenues concerning 62 pairs of currencies, CFDs on 2 metals, 14 stock indices, 3 commodities, and 4 bonds.
Choose from a wide variety of CFDs on international stock indices, precious metals, currency pairs, and crude oil.
Precious metals such as gold and silver attract lots of investments. German government bond investments are attractive with tight spreads and zero commissions.
Tickmill offers CFDs on cryptocurrency FX in pairs. BTC/USD, ETH/USD and LTC/USD are some of them. The cryptocurrency is matched against a particular currency like the American dollar in this case.
Low Tickmill Commission and high returns
Trading via Tickmill brings high returns because the fees traders pay are among the lowest in the industry, both trading commissions and non-trading fees. Traders find the lowest fees here.
Tickmill Commission – Conclusion
Consider one aspect of the Tickmill competitive costs on spreads. Traders would be convinced. Not only are Tickmill Fees very low but the infrastructure services are superb.
The multilingual trading platforms and the customer support in several languages are further highlights.
The Tickmill Commission is indeed very competitive.
Consider some examples of trades
Imagine a $20,000 forex position held for one week. Leverage amounts to 30:1 for forex.
The fees include commission and spreads along with financing costs. Compared to other brokers, Tickmill offers the lowest fees.
Tickmill benchmark fees for $20,000 with 30:1 held for one week:
- EURUSD benchmark fee $6.7
- GBPUSD benchmark fee $4.7
- AUDUSD benchmark fee $4.8
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Tickmill Charges or Fees – FAQs
Here is the list of FAQs related to the Tickmill Brokerage Charges or Fees:
Does Tickmill charge commission?
Yes, on 2 of the 3 types of live trading accounts but Tickmill Charges are very low.
The classic account does not charge a commission but the Pro account and VIP account charge commissions.
Tickmill Commission is low in comparison to most other brokers. The lowest commission is in the VIP account that charges 1 per side, per 100,000.
How much does Tickmill charge brokerage?
Tickmill Brokerage differs according to the account type.
Along with the commission rate, the spreads and swaps also have to be considered. In the PRO account, the commission amounts to 2 per side, per 100,000.
Classic accounts charge zero commission. Brokerage is least in the VIP account with 1 per side, per 100,000.
What is the Minimum Deposit required in Tickmill?
$100. Minimum Deposit differs according to the type of account among the 3 account types. The $100 minimum applies to any kind of deposit.
Withdrawals have a minimum of $10. Pro account and Classic account have a minimum initial deposit amount of $100.
VIP account requires a minimum opening deposit of $50,000.
How much leverage does Tickmill provide?
The maximum leverage provided by Tickmill is 1:500. The minimum leverage is 1:30. Leverage differs according to the region and governing authority.
Tickmill has 5 regulatory bodies and the terms and conditions differ in each region.
In each of the 3 types of live trading accounts, Pro, Classic, and VIP, the leverage is the same: 30:1 (retail) and 300:1 (professional).
How much is Spread at Tickmill?
Low Tickmill Fees. There is no fixed spread but spread differs according to the nature of the live trading account. The minimum spread is 0 pips.
In the PRO account, spread commences at 0 pips. In the Classic account, the spread is higher and commences at 1.6 pips.
Spread in the VIP account is also 0 pips like the PRO account.
What types of Commission Plans are available in Tickmill?
Tickmill Commission basically falls into 3 account types.
Besides commission, trading charges also depend on spreads and swaps which are also quite low with Tickmill in comparison to other brokers.
- Pro account offers a commission of 2 per side, per 100,000
- Classic account does not charge any commission but spreads are higher at 1.6 pips
- The VIP account offers the lowest commission of 1 per side, per 100,000
Does Tickmill provide Cryptocurrency for Investment?
Yes. Cryptocurrency has assumed great importance as a digital currency that is easy to use.
Access the world’s most important cryptocurrencies like Bitcoin, Litecoin, and Ethereum here. Crypto prices are pitted against a particular currency like USD or GBP.
The rise and fall of the crypto values and the currency value are pitted against each other.
Is Tickmill a legit Forex Broker?
Yes. Tickmill Brokerage may be among the lowest in the industry. Plus points are several awards received and the superb trading infrastructure that works through MT4.
Besides, Tickmill has as many as 5 regulatory bodies and is a trusted and legit broker.
It is certain that safety norms are being followed and trader funds and personal data are absolutely safe.
Can I invest in Tickmill with $5?
No. The minimum initial deposit is $100 to start a Pro or Classic account, how is it possible to trade with $5?
The demo training account is free to use and that account may be operated with no deposit. However, the minimum deposit is $100 and the minimum withdrawal amount is $10.
Are there any hidden charges available with Tickmill?
No. Tickmill Charges are absolutely transparent and all of them are clearly stated on the website.
Some services like the demo training account do not require any fee payments.
Deposits and withdrawals are not charged any fee by Tickmill but the banks and electronic wallets may charge fees. There are no inactivity charges.
Fill up the Form – Open Forex Trading Account Now!
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