A complete guide to Tickmill account types – compare Classic, Pro, and VIP accounts, understand spreads, commissions, and leverage, and learn how to choose the right account for your trading style.
Tickmill is a globally recognised forex and CFD broker that was established in 2014. Over the past decade, the broker has built a reputation for offering tight spreads, transparent execution, and a range of account types designed to accommodate both retail and institutional traders. Tickmill is regulated by multiple tier-1 authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Authority (FSA) of Seychelles, and the Financial Sector Conduct Authority (FSCA) in South Africa.
The broker provides access to over 60 tradable instruments, including major, minor, and exotic currency pairs, indices, commodities (such as gold and oil), and cryptocurrencies. Tickmill is particularly well-known for its low-cost trading environment and its 'No Dealing Desk' (NDD) execution model, which routes client orders directly to liquidity providers without interference.
📌 Key point: Tickmill offers three main account types – Classic, Pro, and VIP – each tailored to different trading styles and experience levels. Understanding the differences between these accounts is essential for choosing the one that best suits your needs.
As the FCA and CySEC advise, traders should always verify a broker's regulatory status before opening an account. Tickmill's multi-regulatory framework provides a strong layer of investor protection, including client fund segregation and negative balance protection for retail clients.
Tickmill offers three main live account types: Classic, Pro, and VIP. Each account type is designed for different trading styles and experience levels, with distinct fee structures and features. The table below provides a high-level comparison.
| Account Type | Min. Deposit (USD) | Spreads (from) | Commission | Leverage | Best For |
|---|---|---|---|---|---|
| Classic | $100 | 0.6 pips | None | Up to 1:500 | New traders, swing traders |
| Pro | $100 | 0.0 pips (raw) | $3 per lot per side | Up to 1:500 | Scalpers, day traders |
| VIP | $50,000 | 0.0 pips (raw) | $2 per lot per side | Up to 1:500 | High-volume traders |
Source: Tickmill official account specifications. Spreads are variable and subject to market conditions. Leverage may be restricted for certain jurisdictions (e.g., retail clients under FCA/ASIC are capped at 1:30).
The Classic account is commission-free and suitable for most traders, especially beginners. The Pro account offers tighter spreads but charges a commission, making it more cost-effective for high-frequency traders. The VIP account is designed for professional traders with significant capital, offering the lowest commission rates.
The Classic account is Tickmill's most popular offering for retail traders. It is designed to be simple and accessible, making it an excellent choice for beginners, swing traders, and those who prefer a commission-free trading environment.
The Classic account is ideal for traders who are new to forex trading or who prefer a straightforward cost structure without commissions. The variable spreads are competitive, and the absence of commissions makes it easy to calculate trading costs. Swing traders who hold positions for several days or weeks also benefit from the Classic account's simplicity, as they are not charged per-trade commissions.
📌 Tip: While the Classic account has no commission, the spreads are wider than on the Pro account. For traders who trade frequently, the Pro account may be more cost-effective despite the commission.
📌 Scenario: A new trader opens a Classic account with $500 and begins trading EUR/USD with a spread of 0.6 pips. They execute 5 trades per week, each of 0.5 lots. The spread cost per trade is $3 (0.6 pips × $10 per pip × 0.5 lots). Over a month, their total spread costs are approximately $60. This simple structure helps them understand their trading costs clearly.
The Pro account is Tickmill's most popular account among active traders, scalpers, and day traders. It offers raw spreads starting from 0.0 pips on major pairs, combined with a transparent commission structure.
The Pro account is designed for traders who execute a high volume of trades and require the tightest possible spreads. Scalpers, day traders, and algorithmic traders benefit from the raw spreads and low commission structure. The Pro account is also suitable for traders who use Expert Advisors (EAs) and require fast execution with minimal slippage.
For the Pro account, the total cost of a trade is the sum of the spread (which can be as low as 0.0 pips) and the commission. For example, on a 1-lot trade with a 0.1-pip spread and $3 commission per side, the total cost is $1 (spread) + $6 (commission) = $7. This compares favourably to the Classic account's spread cost of $6 for the same trade, making the Pro account more cost-effective for frequent traders.
⚠️ Important: The Pro account's commission of $3 per lot per side means a round-turn trade (open and close) incurs $6 in commissions. This is an important factor to consider when calculating trading costs.
The VIP account is Tickmill's premium offering, designed for high-volume traders and institutional clients. It offers the same raw spreads as the Pro account but with significantly lower commissions.
The VIP account is tailored for professional traders and institutions who trade large volumes and require the lowest possible transaction costs. With a commission of $2 per lot per side, the VIP account offers the most cost-effective trading environment for high-frequency traders.
For example, on a 1-lot trade with a 0.1-pip spread and $2 commission per side, the total cost is $1 (spread) + $4 (commission) = $5. Over hundreds or thousands of trades per month, the savings compared to the Pro account can be substantial.
The table below provides a detailed side-by-side comparison of Tickmill's three account types.
| Feature | Classic | Pro | VIP |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | $50,000 |
| Spread Type | Variable (from 0.6 pips) | Raw (from 0.0 pips) | Raw (from 0.0 pips) |
| Commission | None | $3 per side per lot | $2 per side per lot |
| Leverage | Up to 1:500 | Up to 1:500 | Up to 1:500 |
| Execution Type | Market Execution | Market Execution | Market Execution |
| Platforms | MT4, MT5, WebTrader | MT4, MT5, WebTrader | MT4, MT5, WebTrader |
| Islamic Account | ✅ Available | ✅ Available | ✅ Available |
| Instruments | All instruments | All instruments | All instruments |
| Dedicated Account Manager | ❌ | ❌ | ✅ |
Source: Tickmill official account specifications. Spreads and commissions are subject to change; always verify the latest information on the Tickmill website.
Choosing the right Tickmill account type depends on your trading style, experience level, and capital. Use the checklist below to guide your decision.
📌 Scenario: A trader has $2,000 in capital and plans to trade 5 times per day, each of 1 lot. They compare the Classic and Pro accounts. On the Classic account, the spread is 0.6 pips ($6 per trade). On the Pro account, the spread is 0.1 pips ($1 per trade) plus $6 commission ($3 per side), totalling $7 per trade. In this case, the Classic account is slightly cheaper per trade. However, if spreads widen or the trader increases their trading frequency, the Pro account may become more cost-effective.
Before opening any Tickmill account, it is essential to verify the broker's regulatory status. Tickmill is regulated by multiple tier-1 authorities, providing a strong layer of investor protection.
📌 Verification tip: Always verify Tickmill's regulatory status directly on the official regulator's register. For example, check the FCA register for 717270 or the CySEC register for 278/15. This ensures that the broker's licenses are current and valid.
Clients under the FCA or CySEC entities benefit from robust protections, including negative balance protection, client fund segregation, and access to compensation schemes. Clients under the FSA Seychelles entity operate under a different regulatory framework with less comprehensive safeguards.
As the CFTC and IOSCO regularly advise, trading with an unregulated broker significantly increases the risk of fraud and loss. Tickmill's multi-regulatory framework is a strong positive indicator.
📌 Scenario: A trader opens a Pro account with $500 and starts trading gold and major forex pairs. They execute 10 trades per day, each of 1 lot. The commission of $3 per side per lot results in $6 per round-turn trade. Over 10 trades, the daily commission totals $60. After a week, the trader realises the Classic account would have been cheaper for their trading frequency. By using a demo account and calculating costs, they could have chosen the right account from the start.
Tickmill offers leverage up to 1:500, which can significantly amplify both profits and losses. A small adverse price movement can result in the loss of your entire deposit. The CFTC and IOSCO consistently warn that retail forex and CFD trading often results in losses.
Key risks to consider:
Never trade with money you cannot afford to lose. Consider seeking independent financial advice if you are unsure about your risk tolerance. This article does not constitute personalised financial, legal, or tax advice.
Tickmill offers three main account types: Classic (commission-free), Pro (raw spreads with commission), and VIP (raw spreads with lower commission, minimum deposit $50,000).
The minimum deposit is $100 for both the Classic and Pro accounts. The VIP account requires a minimum deposit of $50,000.
Commission is charged on the Pro account ($3 per lot per side) and the VIP account ($2 per lot per side). The Classic account is commission-free.
The Classic account has no commission but wider spreads (from 0.6 pips). The Pro account has raw spreads (from 0.0 pips) but charges a commission of $3 per lot per side.
Yes, you can request to change your account type by contacting Tickmill support. However, you may need to open a new account and transfer funds.
Yes, Tickmill is regulated by the FCA (UK), CySEC (Cyprus), FSA Seychelles, and FSCA South Africa. The level of protection depends on the entity holding your account.
Yes, Tickmill offers swap-free Islamic accounts on all account types. You can request this during account opening or by contacting support.
You can verify Tickmill's regulation by checking the FCA register (717270), CySEC register (278/15), or the FSA Seychelles register. Always confirm directly with the regulator.