Tickmill review: is Raw still the cheapest MT4 and MT5 account?

Tickmill built its reputation on a single number: a $2 per side commission on its Pro account, paired with a spread that regularly touched zero. That number changed in 2025. The account was renamed Raw, the commission moved to $3 per side, and the VIP tier that used to reward large balances with $1-per-side pricing disappeared entirely. We opened a live Raw account on both MT4 and MT5 to see what the new math actually costs a working trader.

01The account that replaced Pro and VIP at once

Tickmill now runs three retail tiers: Classic, Raw and TradingView Raw. Classic charges no commission but starts spreads at 1.6 pips, wide enough that almost nobody trading actively should choose it over Raw. Raw is the account that matters, with spreads from 0.0 pips and a flat $3 per lot per side commission on forex and metals, meaning $6 round turn on a standard lot. That folds in what used to be two separate products: the old Pro account for regular retail size, and VIP for balances above $50,000 that got commission as low as $1 per side. VIP is gone, so a trader who previously ran a large account here now pays the same $3 per side as someone depositing the $100 minimum.

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02What EUR/USD cost us, in real numbers

Our own EUR/USD fills on Raw during the London session averaged close to 0.1 pips of spread, matching what Tickmill's spread page advertises. Add the $6 round-turn commission and a standard lot works out to roughly 0.7 pips of all-in cost, a number that still undercuts most commission-free accounts once their wider spread is converted to the same unit. Tickmill's own spreads and swaps page lists these figures openly rather than burying them in a PDF, which made checking our fills against the published numbers straightforward.

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The gap opens on TradingView. Trading Raw pricing through TradingView's charts costs $3.50 per side instead of $3.00, a dollar more round turn for the same spread. That is a deliberate platform fee dressed up as a pricing tier, and a trader who splits time between TradingView for charts and MT4 for execution should know the two are not interchangeable at the same price.

03Two platforms, one account, no real compromise

Tickmill supports MT4 and MT5 natively, plus TradingView and its own Tickmill Trader app for a phone-first workflow. We ran the same Raw account through MT5 for backtesting and MT4 for live execution without needing to reopen or resync anything between them; positions and balance matched on both terminals every time we checked. For a trader coming from another MT4 broker, migration is a matter of entering new login credentials rather than rebuilding a strategy from scratch.

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04Regulation spread across four licences

Tickmill's group licences run through the FCA in the UK, CySEC in Cyprus, the DFSA in the UAE and the FSCA in South Africa, alongside an FSA Seychelles entity for offshore clients. Which entity a given trader lands under depends on residency, and the FCA and CySEC entities carry the tightest leverage caps and investor protection, while the Seychelles entity allows leverage up to 1:1000. That spread of entities is common among brokers this size, but it means two Tickmill customers can be trading under materially different protection depending on where they signed up, and it is worth checking which entity a new account actually sits under before funding it.

05Our verdict

Tickmill Raw is still a genuinely cheap account for anyone running enough monthly volume that a per-lot commission beats a wider all-in spread, and the $100 minimum keeps that pricing available well below institutional size. The 2025 change is a real cost increase, not a rounding error, and traders who built their volume expectations around the old $2 commission or the VIP tier should recalculate before assuming Tickmill is still the cheapest option on the table.

A trader trading a handful of lots a month, for whom the commission difference amounts to a few dollars either way, will barely notice the change and can treat Tickmill as a reliable multi-platform broker regardless. A trader running dozens of lots daily, who previously qualified for VIP pricing, should run the new numbers against Fusion Markets or a similarly priced ECN broker before assuming Tickmill still wins on cost alone.

This review describes what we saw on our own accounts. It is not personal financial advice.