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Tickmill Minimum Deposit

Published by Usman Ahmed, MBA (Researcher)

Reviewed by Bowen Khong, ACCA

Minimum Deposit

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.[1]

Read: Tickmill review

Currency Preference

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.[2]

Account Types

The Broker offers three types of accounts:[3]

  1. Pro Account
  2. Classic Account
  3. VIP Account
AccountMinimum Deposit
Pro$100
Classic$100
VIP$50000

Payment Options

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.[4]

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:

  • NETELLER
  • Skrill
  • STICPAY
  • FasaPay
  • UnionPay
  • Nganluong
  • QIWI
  • WebMoney
Payment OptionMin. DepositFeesProcessing Time
Bank Transfer$100No Fees2-7 Working days
Visa Card$100No FeesInstant
Master Card$100No FeesInstant
Skrill$100No FeesInstant
NETELLER$100No FeesInstant
STICPAY$100No FeesInstant
FasaPay$100No FeesInstant
UnionPay$100No Fees1-2 Hours
QIWI$100No FeesInstant
Nganluong$100No FeesInstant
WebMoney$100No FeesInstant

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:[5]

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

Deposit Funds

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.[6]

You can see terms & conditions for more information.

Usman Ahmed, MBA (Researcher)
Usman Ahmed, MBA (Researcher)
Usman Ahmed is a currency trader and financial market analyst with more than 7 years of active trading experience. Besides holding a Masters degree in Business Administration, he has worked for some of the most renewed companies in the forex industry including FXCM, IQOption, MetaQuotes, Alpari, FXStreet, DailyFX and several others. Usman possesses strong technical analytical skills and is famous for his very own, informative and entertaining, writing style. He believes in naked chart trading analysis that is commonly known as price action trading. He follows global financial news and macro-economic events very closely.
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