Overall Rating
4.7/5
Rated #3 of
Recommended FX Brokers
Minimum Deposit
USD 100
Regulators
FSA
📱 Trading Desk
MetaTrader 4
₿ Crypto
Yes
📈 Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
🕒 Account Activation Time
24 Hours
🏛️ Visit Broker
Our Tickmill Minimum Deposit Revealed:
- ✔️Minimum Deposit
- ✔️Deposit fees and deposit methods
- ✔️Step by step guide to depositing the minimum amount
- Pros and Cons
Minimum Deposit
Tickmill has a minimum deposit requirement of $100.
This amount is equal to 1,500 ZAR at the average exchange rate between the United States dollar and the South African Rand. Tickmill is well-regulated by several entities and has the necessary licensing to offer products and services in several countries worldwide.
Tickmill keeps all client funds in segregated accounts with top tier banks. These funds are kept separate from the broker account and the funds are only used towards the trading activities of clients.
The funds may not be used in the trades that the broker carries out and nor can they be used as a hedge in any kind of way. Tickmill may not use the funds to ensure that it can financially fulfil its obligations.
Tickmill is a member of the Financial Services Compensation Scheme (FSCS), and this means that eligible traders are covered up to 85,000 GBP if Tickmill is declared to be in default or it can no longer fulfil its financial obligations.
In addition, Tickmill is also a member of the Investor Compensation Fund (ICF). The objective of the ICF is to secure the claims of clients who are covered under this fund. In addition to this, Tickmill further ensures client and fund safety by using the most innovative and robust security measures on its website and the trading platforms.
Deposit fees and deposit methods
Tickmill does not charge any deposit fees according to the official website. When traders pay the minimum deposit amount of $100, they can use any of the following payment methods:
- Bank Transfer
- Credit Card
- Debit Card
- Skrill
- Neteller
- Sticpay
- Fasapay
- UnionPay
- Nganluong.vn
- Qiwi
- WebMoney
When traders deposit the minimum deposit, they can use the following deposit currencies:
- USD
- EUR
- GBP
- PLN
Step by step guide to depositing the minimum amount
To pay the minimum amount, traders may first verify their account by providing Tickmill with the necessary documents for the “Know Your Customer” (KYC) procedure. Once this is complete and the trading account has been approved, traders can make their initial minimum deposit.
Traders can navigate to their client portal where they can sign into their trading account. Traders can select the option for deposits and choose their preferred payment method from the list. Traders can then provide their deposit amount, choose their deposit currency, and confirm their deposit.
Depending on the deposit method that traders use, they may have to participate in further verification processes to confirm the deposit.
Traders must ensure that they select their deposit carefully because withdrawals will be processed through the same method.
Pros and Cons
| PROS | CONS |
| A wide range of funding options offered | Limited deposit currencies |
| Deposit fees are not charged | |
| Supports quick deposit options | |
| Standard minimum deposit required |
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Overall Rating
4.7/5
Rated #3 of
Recommended FX Brokers
Minimum Deposit
USD 100
Regulators
FSA
📱 Trading Desk
MetaTrader 4
₿ Crypto
Yes
📈 Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
🕒 Account Activation Time
24 Hours
🏛️ Visit Broker
FAQ
What is the minimum deposit required to open an account with Tickmill?
$100.
How do you make a deposit and withdraw money with Tickmill?
You can use any of the following payment methods:
- Bank Transfer
- Credit Card
- Debit Card
- Skrill
- Neteller
- Sticpay
- Fasapay
- UnionPay
- Nganluong.vn
- Qiwi
- WebMoney
Does Tickmill charge withdrawal fees?
No, Tickmill does not charge any withdrawal fees.
How long does it take to make a withdrawal?
According to the official Tickmill website, withdrawals from the trading account will be completed within one working day.
