Tickmill Minimum Deposit: Key Information & Guide (2022)

filippo ucchino Filippo Ucchino calendar Last Updated: September 2022 timer 6 Min Read

TickMill’s minimum deposit depends on the account type selected:

  • $100 for the Pro and Classic Account.
  • $1,000 for a Futures Account
  • $50,000 minimum balance for a Vip Account

TickMill provides great features for deposits and withdrawals, since they offer a good amount of payment methods with no fees charged.

All TickMill minimum deposit info are highlighted below.

Table of Content

Round-Up

Features TickMill Minimum Deposit
TickMill Pro Account $100
TickMill Classic Account $100
TickMill VIP Account $50.000
TickMill Futures Account $1000 (UK clients)
TickMill Islamic Account $100 (Pro and Classic) $50.000 (VIP)
TickMill Professional Account $100 (not available under every entity)
Deposit Fees No
Withdrawal Fees No
Base Currencies EUR, PLN, USD, GBP

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79% of retail CFD accounts lose money

If you’re not sure which account type to choose, you should try to read our TickMill account types.

TickMill Accepted Base Currencies

There are a total of 4 base currencies available from the broker at the moment. These are:

  • USD
  • EUR
  • GBP
  • PLN

PLN may not be available to all traders, so you should check this with the broker first if you need it.

As with all brokers, if you deposit a non-base currency, you may be charged a small currency conversion fee.

TickMill Payment Methods

The payment methods provided by TickMill are:

  • Bank wires
  • credit/debit cards (Mastercard, Visa)
  • eWallets in the form of Skrill and various others.

More details can be seen below.

The payment options available on TickMill

PayPal, Dotpay, PaySafe, Sticpay, Fasapay, QIWI, Sofort, Rapid, UnionPay, WebMoney, Skrill, Neteller, and other local methods are all available for eWallet deposit based on your location. You can both deposit and withdraw using any of these methods.

Deposits are typically processed instantly, while withdrawals are processed within 1 working day, but sometimes the process could take a little longer based on the methods that you choose. Bank wires for example, can take a few days.

Deposit Fees

There are no deposit fees charged by TickMill aside from the one exception of using bank wires. Here, the fee will depend on the bank you are using, and you should always check with your bank regarding any fees they may charge from their side. For bank wires over $5,000, the broker will cover all fees.

The same is true of eWallets in that, there are no fees from the broker, but you should check with each individual service for fees they may charge.

Withdrawal Fees

As with deposits, there are no withdrawal fees charged by TickMill. You will also want to check with your bank on any fees they may charge from their side, as well as with your eWallet provider.

How to Deposit Funds into Your TickMill Account

Here is our step-by-step guide on exactly how to deposit funds to your TickMill account.

1. Open an TickMill Demo Account First

If you are new to trading, or to the broker, then a demo account is a great place to start. In order to open one visit the TickMill website.

Here you will find that all the account types offered are available as demo accounts too. This allows you to trade and get to know all of the features without any risk or obligation.

For more information, check out our TickMill demo account review.

2. Choose the Account Type You Wish to Open

Once you have tried out the demo account and feel ready, you will have many account types to choose from. These include Pro, Vip, Classic, and Islamic accounts. For UK traders meanwhile, there is also a Futures Account.

3. Verify Your Identity with the Broker

In the process of opening your live account, you will have to verify your identity with the broker. This should be a fast, easy process. You will need your ID such as passport for your identity proof, and a document like utility bill or bank statement to show your residence.

These can be uploaded online and are often approved quickly. With this done, you can move to funding your account.

4. Choose Your Preferred Deposit Method

There are several ways that you can choose to fund your account with the broker. Bank wires, credit/debit cards (Mastercard, Visa), PayPal, Skrill, Neteller, and more are all accepted for funding.

5. Wait for the Deposit to be Processed

Once you have funded your account, there will be a short wait for this to be processed. The time is usually as fast as one business day, though it will depend on the funding method you choose.

TickMill Minimum Deposit vs. Other Brokers

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

Features TICKMILL PEPPERSTONE AXIORY
Minimum Deposit $100 $0 $50
Wire Transfer Yes Yes Yes
Credit Card Yes Yes Yes
PayPal Yes Yes No
Deposit Methods 12 9 9
Account currencies EUR, PLN, USD, GBP USD, EUR, GBP, NZD, AUD, CHF, HKD, JPY, CAD, SGD EUR, USD

TickMill Deposit Bonus and Promotions

If you are from outside the EU and UK as a TickMill trader, you will receive a $30 welcome bonus. This is not available to EU or UK traders due to regulations. This bonus required no deposit.

The other promotions that TickMill runs are also available only to non-EU and non-UK clients. Currently, these are a trader of the month contest in which the broker selects the best traders who can win $1,000.

There is also the TickMill NFP machine. Here, the broker will pick one asset, and challenge traders to predict its price at a certain future time each week. A correct guess wins $500 to your trading account. If there is no winner, then the closest prediction will win $200.

For more on bonuses and promotions, you should check out our best forex bonus top ten.

TickMill Minimum Deposit Pros and Cons

Pros

  • The minimum deposit of $100 is very competitive
  • A Good choice of payment methods are offered
  • There is a welcome bonus for some traders

Cons

  • TickMill facilitates a limited number of base currencies
  • Some accounts require a higher minimum deposit

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73% of retail investor accounts lose money

About The Author

Filippo Ucchino

Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

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