This spread Tickmill guide explains how spreads work, what they cost, and how they affect your forex trading. We compare raw and standard accounts, provide real-world examples, and outline key risk controls for traders.
Tickmill is a global forex and CFD broker established in 2014. The broker is regulated by several major authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Authority (FSA) of Seychelles. Tickmill has built a reputation for offering competitive spreads and transparent trading conditions, making it a popular choice among forex traders.
The broker provides access to over 60 currency pairs, as well as commodities, indices, and cryptocurrency CFDs. Tickmill's core strength lies in its spread structure, which is designed to appeal to both high-volume and retail traders. This guide focuses on the spread Tickmill offering, including raw spreads, standard spreads, and commission models.
Tickmill offers two main account types that directly affect the spread you pay: the Standard Account and the Raw Account. The key difference is that the Standard Account has no commission but wider spreads, while the Raw Account features ultra-low spreads with a per-lot commission.
The spread Tickmill on the Raw Account is among the lowest in the industry. For example, the EUR/USD spread can be as low as 0.0 pips during liquid market hours, with a commission of $3 per lot per side. The Standard Account, while commission-free, has a spread that typically ranges from 1.0 to 1.2 pips on the same pair.
| Account type | Spread (EUR/USD) | Commission (per lot) | Total cost (1 lot round-trip) |
|---|---|---|---|
| Standard | 1.1 pips | $0 | $11 |
| Raw | 0.1 pips | $6 (both sides) | $7 |
As the table shows, the Raw Account is cheaper per lot for most traders, especially for those who trade frequently or in larger volumes. However, the Standard Account may be more suitable for traders with smaller positions or those who prefer a simpler cost structure.
When trading forex, the spread is the difference between the bid (sell) and ask (buy) price. This is the primary cost for most retail traders. Tickmill's spreads are variable, meaning they fluctuate based on market conditions, liquidity, and volatility.
In addition to the spread, Tickmill charges overnight swap fees (rollover interest) on positions held past the daily cut-off time. The swap rate can be positive or negative depending on the interest rate differential between the two currencies in the pair.
Beyond the Standard and Raw accounts, Tickmill also offers a VIP Account for high-net-worth traders, with spreads starting from 0.0 pips and commission as low as $2 per lot. The broker also provides an Islamic (swap-free) account for traders who require no overnight interest charges.
| Feature | Standard | Raw | VIP |
|---|---|---|---|
| Min. deposit | $100 | $100 | $50,000 |
| Spread (EUR/USD) | ~1.0–1.2 pips | ~0.0–0.2 pips | ~0.0–0.2 pips |
| Commission | $0 | $3/lot/side | $2/lot/side |
| Leverage (max) | 1:500 | 1:500 | 1:500 |
| Islamic account | Yes | Yes | Yes |
Tickmill's spread Tickmill offering is transparent and consistently competitive. The broker regularly publishes its average spreads on its official website, and traders can view live spreads directly on the trading platform.
To illustrate the spread Tickmill costs, let's examine a few common trading scenarios using the Raw Account with 0.1-pip spread and $3 commission per side.
Spread cost: 0.1 pips × $10 per pip = $1
Commission: $3 entry + $3 exit = $6
Total round-trip cost: $7
Compare this to the Standard Account: 1.1-pip spread × $10 = $11, with no commission. The Raw Account saves you $4 per lot.
Spread: 1.2 pips × $1 per pip (for 0.1 lot) = $1.20
Commission: $0
Total cost: $1.20
For smaller positions, the Standard Account can be more cost-effective because the commission on the Raw Account would be $0.60 per side ($1.20 total) plus the spread, making it slightly more expensive for very small trades.
Tickmill's spreads are variable and can widen or narrow based on several factors. Understanding these can help you anticipate trading costs and choose the best times to trade.
Tickmill provides live spread data on its platform and website, allowing traders to monitor real-time conditions. This transparency is a hallmark of the broker's commitment to fair trading.
Many traders misinterpret spread costs or overlook key factors. Avoid these common pitfalls when evaluating the spread Tickmill offering.
Trading forex involves significant risk. Even with low spreads, leverage can amplify losses as quickly as gains. Here are risk controls to consider when using Tickmill or any broker.
For the most current spreads, trading conditions, and regulatory status, always refer to Tickmill's official website and the FCA Financial Services Register or CySEC registry.
| Broker / Account | EUR/USD spread (avg) | Commission (per lot) | Total cost (1 lot) |
|---|---|---|---|
| Tickmill Standard | 1.1 pips | $0 | $11 |
| Tickmill Raw | 0.1 pips | $6 | $7 |
| Industry average (commission-free) | ~1.5 pips | $0 | $15 |
| Industry average (raw-style) | ~0.3 pips | $7–$10 | $10–$13 |
Tickmill's spread Tickmill offerings are consistently below industry averages, particularly for the Raw Account, which is among the most competitive in the forex space.