Tickmill Review 2022 - Pros and Cons Uncovered - EU-Vietnam Business Network (EVBN)

Tickmill has low forex fees and average CFD fees. There is no fee for deposit, withdrawal or inactivity.

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

Mục Lục

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.

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

$1.4

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

Inactivity fee

Yes

Deposit fee

Withdrawal fee

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