The online brokerage firm Tickmill requires a capital deposit from the trader owning the brokerage account to activate the CFD and Retail foreign exchange (Forex) trading platform.
The minimum amount required with Tickmill is $100, which can be deposited via various methods, including wire transfer, credit/debit cards and ewallet. It should be noted that the minimum deposit with Tickmill may vary depending on the type of trading account chosen.
Tickmill generally does not charge commissions on deposits, but conversion fees may apply if depositing in a currency different from the account base currency.
What is the Tickmill minimum deposit?
The TickMill minimum deposit is $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.
The Tickmill minimum deposit features are listed in this table below:
| TICKMILL DEPOSIT FEATURES | CHARACTERISTICS |
|---|---|
| TickMill Pro Account | $100 minimum deposit |
| TickMill Classic Account | $100 minimum deposit |
| TickMill VIP Account | $50.000 minimum deposit |
| TickMill Futures Account | $1000 (UK clients) minimum deposit |
| TickMill Islamic Account | $100 (Pro and Classic) $50.000 (VIP) minimum deposit |
| TickMill Professional Account | $100 (not available under every entity) minimum deposit |
| Deposit Fees | No |
| Withdrawal Fees | No |
| Base Currencies | USD, EUR, GBP, PLN |
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.
What are the Tickmill account base currencies?
The Tickmill account base currencies include 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.
What are the Tickmill funding and deposit methods?
The Tickmill deposit methods features and fees are listed below.
- Wire Transfer
- Credit/Debit Cards: Mastercard and Visa
- eWallets: in the form of Skrill, Neteller and PayPal.
- Other Methods: Dotpay, PaySafe, Sticpay, Fasapay, QIWI, Sofort, Rapid, UnionPay, WebMoney, and other local methods are all available for 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.
What are the steps to fund 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.
How does the Tickmill minimum deposit compare with other major brokers?
The comparison between Tickmill’s minimum deposit and those of other brokers can be found in this table below:
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 | USD, EUR, GBP, PLN | USD, EUR, GBP, NZD, AUD, CHF, HKD, JPY, CAD, SGD | EUR, USD |
Does Tickmill offer deposit bonuses?
Tickmill offers deposit bonuses to eligible traders (excluding traders from the EU, the UK and Australia).
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.