Tickmill can convert eligible Classic or Raw accounts to swap-free status. Selected instruments can still incur handling fees, so check approval and the holding schedule.
Tickmill’s Islamic account is a swap-free conversion of an eligible Classic or Raw account. It removes the normal overnight swap treatment, but it does not promise that every instrument can be held indefinitely without a charge. Selected instruments have handling fees, and the public page identifies a separate cryptocurrency exception.
For a trader considering conversion, I would check the exact instruments and intended holding periods before applying. Religious suitability is a personal decision; the broker’s product label is not an independent religious ruling from this site.
Who can request conversion?
The Tickmill Ltd swap-free agreement says the facility is for clients who cannot use swaps because of their religious beliefs. Tickmill may ask for justification and may approve or decline the request. This should not be presented as an unrestricted way for every trader to avoid financing costs.
The agreement says approval takes effect on the confirmation email and applies to the client’s other real accounts as well. The current product page also says future accounts will be swap-free. Before requesting conversion, ask how existing positions and other accounts will be treated.
The page describes Classic and Raw conversion. Availability still depends on the entity and account offered to your residence. Check the country guide and account types rather than assuming a global page guarantees access.
What changes, and what remains payable
| Cost or condition | Published treatment | Check before holding |
|---|---|---|
| Normal overnight swaps | Removed on the converted account, subject to exceptions | Symbol and approved status |
| Handling fees | Selected instruments after a grace period | Amount, charge-free days and timing |
| Spread and Raw commission | Underlying account pricing continues | Classic or Raw tariff |
| Crypto long positions | Page lists annual 10% swap after 5 days | Exact product eligibility and current terms |
| Conversion | USD handling fee may convert to account currency | Statement currency and rate |
The product page describes MT4/MT5 handling fees as per-lot charges applied at 00:00 server time, with instrument-specific grace periods. It says these amounts can change. We have not reproduced a universal fee table because the dynamic rows and applicable contract need checking when you trade.
The page has a Classic-specific exception that starts handling fees from day 41 for a named group of metals and JPY/CHF crosses. This is not a general 40 day grace period for all Raw accounts or all instruments. Do not move the exception from one column of the terms to another.
How to think about a handling-fee calculation
Use the actual fee per lot, position volume and chargeable nights. If an instrument hypothetically charged $5 per lot per night after its grace period, a 0.2 lot position held for three chargeable nights would cost 5×0.2×3=$3. The $5 input here is illustrative, not a quoted current tariff for a particular symbol.
The important word is chargeable. Three calendar days since opening may not equal three billed nights. Confirm the first charge time, grace-period counting, weekends and how closing before or after rollover affects the charge. Then compare the result with the statement entry.
A fee called “handling” can still materially change a trade’s economics. It belongs in the total-cost calculation alongside the spread and commission. Avoid assuming that a small daily amount is insignificant when the position or holding period is large.
Read the crypto exception before assuming swap-free
The global Islamic page says a 10% annual swap charge applies to long cryptocurrency positions after a five-day swap-free period. It also notes that cryptocurrency CFDs are for professional clients only in the EU and UK. That is a product and classification restriction, not a reason to seek professional status.
This wording means “Islamic account” cannot be reduced to “no interest on every instrument.” We do not certify that a contract or fee is religiously suitable. Review the precise terms with a qualified adviser whose judgment you trust if that is central to your decision.
The provider includes a numerical crypto example whose displayed rounding differs slightly from the arithmetic. We have not reused it. Your applicable contract, rate and statement should be checked directly.
How to request and verify the conversion
- List the symbols, account types and holding periods you intend to use.
- Read the swap-free terms for the legal entity named in your agreement.
- Use the Client Area request route or official support contact. Supply any required justification through the verified channel.
- Ask whether all existing accounts will convert and how currently open positions will be treated.
- Wait for the approval email. A submitted request is not proof that the account is already swap-free.
- Confirm the approved status and the current instrument-level handling-fee schedule before opening a trade.
- After the relevant rollover, compare any statement entry with the published rate, volume and number of chargeable nights.
The page says Tickmill aims to email within one business day when the request is complete. That is the provider’s stated target, not our measured response time. If no answer arrives, follow up with the existing case reference rather than assuming approval.
Other limits still apply
Swap-free conversion does not remove margin requirements, market losses or the possibility of slippage. The public Islamic page displays a 50% stop-out figure, while the general global FAQ displays 30% with entity and classification qualifications. Confirm your exact account level; our leverage guide explains the conflict.
The swap-free agreement allows changes to fees or status and describes remedies for abuse, including recovery of charges. Do not plan an arbitrage around obtaining one account’s financing benefit while avoiding the other account’s cost.
If a charge appears wrong, preserve the symbol, volume, opening and closing times, account type, approval date and balance entry. Ask for a calculation. The support guide and complaint steps help organise a dispute.
Frequently asked questions
Is Tickmill’s Islamic account completely free of overnight costs?
No. Selected instruments can incur handling fees after a grace period, and the public page lists a cryptocurrency-long-position exception.
Can anyone request a swap-free account?
The Seychelles agreement limits the facility to clients whose religious beliefs prevent using swaps. Tickmill can request justification and approval is discretionary.
When does conversion take effect?
Under the agreement, the approval confirmation email establishes the effective start. Sending a request alone does not prove the account has converted.
Does conversion remove Raw commission?
No. The underlying account’s spread and commission pricing continues. Check holding fees separately.
Does every account receive a 40 day grace period?
No. The product page has a specific Classic exception for named instruments, with charges starting from day 41. It is not a universal rule for all accounts or symbols.
Sources and review method
Checked 11 September 2026. This guide uses public broker documentation and the independent sources listed below. We did not open a funded account, test a withdrawal, measure execution or verify a customer complaint.
Official broker websites
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