The best place to get started if you are thinking about trading with TickMill is our tickmill review. Here you have the full lowdown on the broker.
What about the TickMill minimum deposit?
That is exactly what we will look closely at here. Not only that, we will also walk you through the process of getting your TickMill account up and running while answering some important questions about the broker.
Let’s get started.
What is the TickMill Minimum Deposit?
TickMill’s minimum deposit starts from $100 for the Pro and Classic Account. With other account types, the minimum deposit is higher: It is $1,000 for a Futures Account and for the Vip Account, the requested minimum balance is $50,000.
|TickMill Minimum Deposit
||EUR, PLN, USD, GBP
If you consider the Tickmill Minimum deposit high, or you’re not sure if you want to deposit money or not, you should try a TickMill demo account first (79% of retail CFD accounts lose money).
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 vs. Other Brokers
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
||EUR, PLN, USD, GBP
||USD, EUR, GBP, NZD, AUD, CHF, HKD, JPY, CAD, SGD
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 (79% of retail CFD accounts lose money).
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.
To get to know more about each one, you should read our TickMill account types guide for the latest information.
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. We have gone more in-depth on these methods and the minimum deposits below.
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 Payment Methods
As mentioned, the payment methods provided by TickMill are: Bank wires, credit/debit cards (Mastercard, Visa), and eWallets in the form of Skrill and various others. More details can be seen below.
PayPal, Dotpay, PaySafe, 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.
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.
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.
TickMill Accepted Base Currencies
There are a total of 4 base currencies available from the broker at the moment. These are USD, EUR, GBP, and 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 Minimum Deposit Pros and Cons