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.
Table of contents
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
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
The minimum deposit of $100 is very competitive
A Good choice of payment methods are offered
There is a welcome bonus for some traders
TickMill facilitates a limited number of base currencies
Some accounts require a higher minimum deposit
TickMill Minimum Deposit FAQs
How long does Tickmill withdrawal take?
Withdrawals at Tickmill generally take one working day. This may be a little longer for some methods though, particularly bank wire transfers.
Is Tickmill a good broker?
Yes, TickMill is a good broker. They are fully regulated, and they provide a low-cost trading environment along with safety of funds and excellent levels of customer support throughout.
Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
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