Tickmill deposit and withdrawal currently rely on nine types of payment methods, including bank transfer, cards, crypto payment, and e-payment.
Tickmill is a leading retail forex broker with a proven track record since 2014. They own licenses from several authorities, including the UK Financial Conduct Authority (FCA) and the Seychelles Financial Services Authority (FSA).
Along the years, Tickmill gained popularity among traders mainly due to its low-cost trading environment. Still, ease of access to our own funds is an important point to measure the credibility of any brokerage company. As such, the article will discuss all the key information you need to know about Tickmill deposit and withdrawal.
How Do I Deposit Money to Tickmill?
You can make a deposit within your Client Area by choosing the best funding option for you. Follow the steps below:
1. Prepare your funds. The minimum deposit on Tickmill varies, starting at $100 for Classic and Pro accounts.
2. Log in to your Client Area through Tickmill homepage. The first feature you see is your Wallet. A newly opened account's wallet has zero balance and "deposit" button in red.
3. Click on "deposit" option in the Wallet window, and you will be redirected to another page where you can proceed to choose your preferred payment method through a pop-up. Payment choices and availability may differ depending on your country of origin. The most favorable are electronic payments and local bank transfers, but you can choose other options too.
4. Subsequently, you have to fill in the rest of the form, particularly the amount of funds and currency. You may not fill in the "Additional Comment" as long as it is not required. Make sure that all the details are correct. Don't forget to check all the boxes, and then click "Confirm".
5. You will then be redirected to a third-party service provider (payment gateway) to complete your payment. Procedures on the gateway may differ depending on your preferred payment method, but you can simply follow along with the steps shown on your screen.
6. Your deposit will appear in your Wallet within minutes upon completion, or up to 1 business day. Otherwise, something might happen somewhere along the way and you need to contact Tickmill help desk to clear it up.
7. You cannot trade directly using the funds in your Wallet. You have to first transfer them to your account by clicking on the "Transfer" option on the Wallet area. In the subsequent Transfer window, enter the amount of funds and choose which Tickmill real account you wish to trade with. Lastly, click "Confirm".
8. Your funds will finally be ready in your account within seconds.
It is important to note that Tickmill deposits are free of charge. Nevertheless, your chosen payment method may apply its own fees.
How Do I Withdraw Funds from Tickmill?
Tickmill generally only processes withdrawals back to the same payment method you used for deposits. Here's the step-by-step guide to withdraw your money from Tickmill:
1. Make sure that you don't have any open trades before initiating withdrawal requests.
2. Log in to your Client Area, and then go to the "Trading Account" menu.
3. You cannot directly withdraw funds from your trading account. You have to first transfer the funds from your Trading Account area to your Wallet. It will be transferred within seconds.
4. If your Wallet's available balance exceeds the minimum withdrawal requirement, you can proceed. Click "Withdraw" option on your Wallet, then input the amount you want to cash out and your payment method in the following window.
Tickmill currently requires a $25 minimum withdrawal and has a zero-charge policy on all payments. However, your chosen payment method may charge its own fees, and you have to calculate them too.
How long will it take for funds to be transferred from Tickmill to our bank account? Tickmill pledges to handle all withdrawal requests within a single business day. However, the time needed for the funds to arrive will depend on your chosen payment method. It may take 3–7 working days for bank withdrawals to appear on a client's account, while withdrawals made using a credit or debit card may need up to 8 working days.
Frequently Asked Questions
What base currencies are available at Tickmill?
Tickmill provides three base currencies: USD, EUR, and GBP. Deposits in any other currencies will be converted into your own account's base currency.
What deposit and withdrawal methods are supported at Tickmill?
Tickmill withdrawal and deposit currently rely on nine types of payment methods:
- Bank transfers
- Crypto payments in BTC, ETH or USDT (availability varies among regions, please see your Client Area to learn further).
- Credit or debit card in Visa or Mastercard
- Chinese UnionPay
- Wire transfer
Local bank transfers may also be possible in certain countries. Contact Tickmill help desk to learn more, available 24 hours a day from Monday to Friday.
Does Tickmill have deposit bonus?
As of May 2023, Tickmill does not offer any deposit bonuses. They do, however, offer a $30 Welcome Account for new traders to trade without having to make a deposit (profit earned is yours to keep!).
Are there any more variables that should be considered when submitting deposit/withdrawal requests at Tickmill?
Yes, there are three important points you need to pay attention to.
First, Tickmill does not accept payments made via third-party sources. They may apply penalty fees for such malfeasance.
Second, you may only use payment methods that are legally yours and are registered in your name. It means the name you use for Tickmill account registration should be the same as the name on your bank account, debit/credit card, etc.
Third, Tickmill may request additional documents to support your deposit/withdrawal application. Your payment may be stopped or reimbursed if you don't follow the correct instructions.
Tickmill is the brand name of Tickmill Ltd. which offers trading services with premium products and innovative technology. Superior trading conditions, ultra-fast execution, safety of client funds, and dedicated support are at the forefront of their offering.