Spreads and Swaps:
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Spreads and swaps at Tickmill
Transparent pricing starts here.
At Tickmill, you get spreads from 0.0 pips on Raw accounts and clear visibility into every trading cost before you place a trade.
Spreads and swaps are the two main costs you'll encounter when trading CFDs on forex, indices, commodities, and cryptocurrencies. Understanding these costs helps you plan trades accurately and manage your trading capital effectively.
Trading costs: Live spreads and swaps
Access real-time spreads and swap rates across all instruments. Select a category below to view current pricing.
| Instrument ⬍ | Minimum Spread ⬍ | Typical Spread ⬍ | Long Position ⬍ | Short Position ⬍ |
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| Instrument ⬍ | Minimum Spread ⬍ | Typical Spread ⬍ | Long Position ⬍ | Short Position ⬍ |
|---|
| Instrument ⬍ | Minimum Spread ⬍ | Typical Spread ⬍ | Long Position ⬍ | Short Position ⬍ |
|---|
| Instrument ⬍ | Minimum Spread ⬍ | Typical Spread ⬍ | Long Position * ⬍ | Short Position ⬍ |
|---|
Important Notes:
*A 10% swap charge per year applies to all long positions in cryptocurrencies. New cryptocurrency positions placed solely on MT4/MT5 platforms have a 5-day swap-free period.
Note: Trading hours are subject to change without prior notice. Liquidity Providers may adjust the trading schedule as necessary, depending on market conditions and service maintenance. Weekend trading is limited. Before you start trading, we highly recommend checking our MT4 or MT5 platforms (client terminal/desktop version) to get familiar with the trading hours of each instrument.
Disclaimer: To maintain a fair-trading environment and manage risk, we reserve the right to adjust account conditions. This may include applying specific charges in line with our internal risk management policies.
TRY pairs (USDTRY, EURTRY, GBPTRY) are set to close-only. Clients with open positions are able to close their positions but cannot open new ones.
Understanding trading costs
The spread is the difference between the bid (sell) price and the ask (buy) price for any currency pair. When you sell the base currency, you use the bid price. When you buy the base currency, you use the ask price. The gap between these two prices is the spread.
Spreads exist because market makers and liquidity providers facilitate every trade by matching buyers with sellers. These third parties accept execution risk while ensuring orderly trade flow, and the spread compensates them for that service.
Spreads are measured in pips (the smallest unit of price movement for a currency pair). For example, if the bid is 1.1000 and the ask is 1.1002, the spread is 2 pips.
Important note: MT4/MT5 charts display prices aligned with raw spreads regardless of your account type. If you trade with a Classic account, factor in the associated spreads when analyzing your charts.
Use this formula to calculate the cost of opening a trade:
Trade Cost = Spread × Trade Size × Pip Value
Here's a practical example:
Spread: 1.2 pips
Trade size: 1 mini lot (10,000 base units)
Pip value: $1
Transaction cost: 1.2 × 1 × $1 = $1.20
The larger your position size, the higher your transaction costs will be. Always factor spread costs into your trade planning and risk management.
Swaps are overnight interest charges applied when you hold a position past 00:00 platform time. The swap reflects the interest rate differential between the two currencies in your pair.
When holding a position overnight, you pay interest on the currency you're selling and receive interest on the currency you're buying. Swap rates depend on the interest rates of the countries involved, whether you're long or short, and current market conditions.
Timing: Swaps are applied at 00:00 platform time each night your position remains open.
Size: Each currency pair has its own swap charge measured per standard lot (100,000 base units).
Wednesday triple charge: Positions held Wednesday night incur triple swaps because the value date shifts to Monday, covering the weekend.
How to check: Right-click in your MT4 Market Watch panel, select 'Symbols', choose your instrument, then select 'Properties' to view swap rates.
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