Tickmill requires a minimum deposit of $100 to get started. Depending on different payment options, it takes anywhere from instant deposits to 7 working days to complete the deposit process. The broker does not charge any fees for deposits. Transactions done during weekends are processed on coming Monday.
Read: Tickmill review
This broker allows its clients to choose from 4 base currencies USD, EUR, GBP, and PLN. Once you have selected a base currency, say USD, all deposits made from anywhere in the world are converted and visible in your account in USD. The conversion rate from your local currency to your account’s base currency applies while depositing, so keeping an eye on the conversion rate might help you calculate how much local currency is required for a deposit in your Pepperstone account’s base currency.
The Broker offers three types of accounts:
- Pro Account
- Classic Account
- VIP Account
Tickmill offers a wide range of payment options. So clients from all over the world can choose from various payment options and make deposits from the option they wish. However, the minimum deposit requirement remains the same at $100 for all payment options.
1. Bank Transfers
If you want to use bank transfers to deposit, you can use a wire transfer from your bank.
2. Credit/Debit Cards
HotForex allows two types of cards for deposits:
- Master Card
- Visa Card
3. Alternatives (E-wallets)
HotForex allows deposits from the following alternative methods such as E-wallets:
|Payment Option||Min. Deposit||Fees||Processing Time|
|Bank Transfer||$100||No Fees||2-7 Working days|
|Visa Card||$100||No Fees||Instant|
|Master Card||$100||No Fees||Instant|
|UnionPay||$100||No Fees||1-2 Hours|
How to Deposit
When you complete registration for an account with Tickmill, you need to activate your account before making your first deposit and starting trading. To activate your account, you need to verify:
1: Proof of Legal Existence (PLE)
You must provide a scanned copy of your evidence of legal existence for your account to be activated for trading. Please provide a scanned copy (in PDF or JPG format) of one of the following documents as proof of legal existence:
- Valid Passport
- Valid Personal ID
- Valid Driver’s License
2: Proof of Address (POA)
You must provide a scanned copy of your proof of address to activate your account for trading. Please provide a recent (not older than six months) scanned copy (in PDF or JPG format) of one of the following for proof of address:
- Recent Electricity Bill
- Recent Gas Bill
- Recent Phone Bill
- Recent Bank Statement / Credit Card Bill
- Valid ID with Address
- The front and back of the ID need to be submitted, and the ID needs to include the address.
- A passport which includes stamped physical address page
After activating your account, go to “deposit” from your client area.
- Select your wallet in which you wish to deposit
- Select payment method
- Follow the instructions and wait for the processing time for the payment option.
Sign up Bonuses
Tickmill offers a $30 welcome bonus to its new clients. Without having to make a deposit, new clients have the option of trading with free trading funds. The Welcome Account is simple to set up, and the profits you make are yours. It means you can withdraw the profits. New clients can register for a Welcome Account on the TickMill official website. Following that, the bonus will be instantly credited to the client’s account.
You can see terms & conditions for more information.