Tickmill Minimum Deposit

Tickmill’s minimum deposit in Naira is ₦159,434 ($100). This applies to only two of their accounts. There are Tickmill trading accounts with much higher minimum deposits for CFD trading

You can choose from a pool of four live accounts if you sign up with Tickmill. Our team of editors have researched all of these accounts with their minimum deposits for you. In this article, we share what we have found

How Much is Tickmill Minimum Deposit in Nigeria?

Tickmill’s minimum deposit depends on the account you choose. There are some accounts with stipulated minimum deposits. There are also accounts without one.

So let us look into these Tickmill accounts.

1) Pro Account

Tickmill’s minimum deposit for their Pro Account is $100 (₦159,434). Kindly note that this account is not for professional traders. It is a Pro Account but for retail traders.

This account is a low spread account with spreads beginning from 0.0 pips. You can trade all strategies on this account. Minimum lot size permitted for trading is 0.01. In terms of trading fees, you will pay a commission for every standard lot that you trade.

The fee is two (2) currency units per side per lot in the base currency of the instrument you trade.

Finally, no minimum balance is required on the Pro Account.

2) Classic Account

Tickmill’s minimum deposit for a Classic Account is $100 (₦159,434). The spread on this account is higher. They begin from 1.6 pips.

All trading strategies are allowed with 0.01 ad the minimum lot size. Trading fees refer to the spread alone. You do not have to pay any commission per standard lot on this account. That probably explains why the spreads are higher.

In addition, there is no stipulated minimum deposit.

3) VIP Account

This account is very different from the Pro and Classic Accounts. First, it has no minimum deposit.

It is similar to the Pro Account because the spreads also begin from 0.0 pips. Minimum lot size is also 0.01 with all trading strategies allowed. For trading fees, you will pay a commission for every standard lot.

Compared to the Pro Account, you will pay only one (1) currency unit per side per lot in the base currency of the instrument you trade.

A major point of difference in the trading accounts is the minimum balance. Tickmill requires a $50,000 minimum balance for the VIP Account.

This means at any point, you must have at least $50,000 (₦79,717,000) in your account.

Tickmill Trading Accounts Overview

4) Islamic Account

Tickmill’s Islamic Account is swap free and Shariah compliant. It is for Muslim traders who cannot pay or receive rollover charges because it is haram.

Tickmill’s swap-free account allows you to trade in halal way. As per our Tickmill review, you can open any of the regular accounts (Pro, Classic, and VIP) and then convert it to an Islamic Account.

This means the minimum deposits $100 (₦159,434) and trading conditions remain the same. The only difference is that there are no overnight charges on trading instruments.

Tickmill Deposit Methods and Required Fees

Tickmill has seven funding methods that lets you fund your account in USD. None of the methods allow funding in Nigerian Naira (NGN).

Now we breakdown these channels and their fees.

1) Bank transfer: Tickmill supports funding your account through a local bank transfer. Tickmill charges no fee but your bank will charge you per transaction. If you fund your account with more than $5000 ₦7,971,700), Tickmill will pays your bank charges.

Payment and processing may take up to 2-7 business days.

2) Credit/debit cards: Tickmill accepts cards for Visa and MasterCard. processing of payment is also instant. No extra fees from Tickmill.

3) Skrill: Fund your account with your Skrill e-wallet without extra charges. Your money should reflect in your account instantly for free.

4) Neteller: Neteller is also provided by Tickmill for account funding.

5) SticPay: SticPay is also supported by Tickmill for Nigerian traders.

6) Webmoney: Webmoney works in Nigeria and you can use it to fund your account.

7) Crypto Payments: You can fund your accounts with digital coins

Note: Though Tickmill charges no fees for deposits, these payment service providers might charge a fee of their own. These costs will be borne by you. All the methods above allow deposit in USD.

Tickmill Deposit Terms

1) Tickmill does not accept any payments made via a third-party source. Make sure your payments comes from cards, wallets, or bank accounts that bear your name.

2) Tickmill can require proof of identity from you if they so desire. Your payment can be frozen or refunded if you do not comply.

3) You may be charged a penalty processing fee if you make a third-party payment

4) All deposits starting from $5000 (₦7,971,700) or equivalent via a single bank wire transaction under Tickmill’s Zero Fees Policy. Tickmill will also cover transaction fees up to 100 USD or equivalent in another currency.

How to Deposit into Your Tickmill Account

1) Log in to your Tickmill personal area

2) Select Deposit on the left hand side. Choose your deposit method.

3) Enter the necessary details and complete your payment.

Comparison Of Tickmill Minimum Deposit With Other Brokers

Frequently Asked Questions