The Tickmill minimum deposit required to register a live trading account is $100 USD. At the current exchange rate between the US dollar and the South African Rand, this minimum deposit is equivalent to R 1800.00 ZAR.
| 🔎 Accounts | 🥈 Classic Account | 🥇 Raw Account |
| 💵 Minimum Deposit | $100/R1800 | - |
| 💳 Minimum Account Balance | $100/R1800 | $100/R1800 |
| 💰 Deposit Fees | No fees | No fees |
| 📈 Withdrawal Fees | No fees | No fees |
| 🔎 Deposit Methods | Credit/Debit Cards (Visa, Mastercard), Bank Wire Transfer, Neteller, Skrill, UnionPay, Perfect Money, Cryptocurrencies | Credit/Debit Cards (Visa, Mastercard), Bank Wire Transfer, Neteller, Skrill, UnionPay, Perfect Money, Cryptocurrencies |
| 👉Open an Account | 👉 Open Account | 👉 Open Account |
At a Glance
| Company Information | |
| 📅Year Founded | 2014 |
| 🧑🏻💻Amount of staff | 441 |
| 👩💻Amount of active traders | Over 400 000 |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | FSA, FCA, CySEC, Labuan FSA, FSCA |
| 🌎Country of regulation | Seychelles, UK, Cyprus, Malaysia, South Africa |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes |
| Account Types and Features | |
| ➕Accounts | Plus account and Raw account |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Yes |
| 📇Minor account currencies | USD, EUR, GBP, ZAR |
| 💰Minimum Deposit | $100 USD |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | Instant to 1 business day |
| 🪙Fund Withdrawal Fee | Free, but may vary based on payment method and account type |
| 📊Spreads from | 0.0 pips |
| 💸Commissions | Varies by account type, often commission-free |
| 💱Number of base currencies supported | 4 |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | Up to 1:1000 |
| 📏Margin requirements | 50% |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically within milliseconds |
| 📆VPS Hosting | Yes, for an additional fee |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 725 |
| 🗠CFD Stock Indices | Yes |
| ⚖️CFD Commodities | Yes |
| 📜CFD Shares | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/Debit Cards, Skrill, Neteller, FasaPay UnionPay, Bank Wire Transfer, Cryptocurrencies (BTC, ETH, USDT) |
| 💵Withdrawal Options | Credit/Debit Cards, Skrill, Neteller, FasaPay UnionPay, Bank Wire Transfer, Cryptocurrencies (BTC, ETH, USDT) |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), MetaTrader WebTrader, MetaTrader for Mac, Tickmill Mobile App |
| 👩💻OS Compatibility | Windows, macOS, iOS, Android |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | Yes 24/5 |
| 📱Customer Support email address | support@tickmill.com |
| 📞Customer Support Contact Number | South Africa: +278 7250 0696 International: +852 5808 7849 |
| 👾Social media Platforms | Facebook, Twitter, Instagram |
| 🗣️Languages supported on Website | 17 Languages |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 9000+ |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes |
| 🪙Rebate program | Yes |
| South African Trader Specific Information | |
| Does Tickmill Accept South African Traders? | Yes |
| Is Tickmill regulated by the South African regulatory body (FSCA)? | Yes |
| Does Tickmill offer an Affiliate Program for South African Traders? | Yes |
| Does Tickmill allow opening trading accounts in ZAR (South African Rand)? | Yes |
| 👉Open Account | Open Account |
Overall Rating
- 4.8/5
Min Deposit
USD 25
Regulators
CySEC, FCA, FSA, FSCA
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
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ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
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$10
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$100
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$200
#8
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$100
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$100
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$25
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Tickmill Minimum Deposit – 10 Key Point Quick Overview
- ☑️ Overview
- ☑️ How to Deposit the Minimum Amount
- ☑️ Deposit Fees and Methods
- ☑️ Broker Comparison
- ☑️ Customer Reviews
- ☑️ Our Findings
- ☑️ Pros and Cons
- ☑️ Conclusion
- ☑️ Frequently Asked Questions
Overview
Tickmill is committed to cost-effectiveness, as evidenced by its tight spreads and low commission structure. This commitment is particularly evident in its Pro and VIP accounts, which aim to increase traders’ profits significantly.
Traders are invited to experience a diverse trading environment where they can trade forex, stock indices, precious metals, and other assets on advanced platforms such as MetaTrader 4 and MetaTrader 5.
How to open a Tickmill account
Step 1 – Navigate to the Tickmill landing page and click the green create account button.
Step 2 – Complete the Online registration form in order to create a Tickmill Live Trading Account.
Step 3 – Clients will be required to provide proof of identity.
Once all steps have been successfully completed, you will receive a confirmation email. The Tickmill account can now be funded, and trading can commence.
Tickmill Deposit and Withdrawal options.
Tickmill offers South African traders the following deposit and withdrawal methods:
- Bank Transfer
- Crypto Payments
- Debit Card
- Credit Card
- Skrill
- Neteller
- SticPay
- FasaPay
- China UnionPay
- WebMoney
How to make a Deposit with Tickmill
To deposit funds to an account with Tickmill, South African traders can follow these steps:
- Log in to the Tickmill official website’s Client Area.
- Select “Deposit” from the funding and withdrawals area.
- Select a deposit method from the list and indicate the account you want to fund.
- Choose your preferred deposit currency and follow any extra instructions the payment provider provides.
- Tickmill deposits are usually completed in seconds. It enables traders to manage their funds effectively by providing a range of secure, instant, and easy-to-use deposit and withdrawal options.
How to Withdraw from Tickmill
To withdraw funds from an account with Tickmill, South African traders can follow these steps:
- Log in to the Tickmill website’s client area.
- Fill out the withdrawal request form provided.
- Submit the request and wait for the monies to be released and transferred to your selected bank account.
- The Finance Department at Tickmill processes all withdrawal requests within one business day. Requests received after hours, on weekends, or holidays will be processed the following day.
- It should be noted that withdrawals can only be made using the same payment method to deposit your trading account.
| 🔍 Method | 📤 Bank Transfer | 💳 Visa | 📌 Skrill |
| 💷 Currencies | USD , EUR , GBP, ZAR | USD , EUR , GBP, ZAR | USD , EUR , GBP, ZAR |
| 💰 Min. Deposit | $100/1900ZAR | $100/1900ZAR | $100/1900ZAR |
| 🔄 Min Withdrawal | $25 | $25 | $25 |
| 💴 Commission on deposit | None | None | None |
| 💶 Commission on withdrawal | None | None | None |
| ⏱ Processing time on Deposit | Within 1 Working Day | Instant | Instant |
| ⏰ Processing time on Withdrawal | Within 1 Working Day | Within 1 Working Day | Within 1 Working Day |
Brokers Comparison
| 🔎 Broker | 🥇 Tickmill | 🥈 FP Markets | 🥉 AvaTrade |
| 📌 Regulation | Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA, DFSA | CySEC, FSCA, ASIC, FSC, FSA | Central Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, CySEC, ISA, KNF, IIROC |
| 📍 Trading Platform | MetaTrader 4 MetaTrader 5 Tickmill App | MetaTrader 4 MetaTrader 5 cTrader IRESS FP Markets App | AvaTrade WebTrader AvaTradeGO AvaOptions AvaSocial MetaTrader 4 MetaTrader 5 DupliTrade ZuluTrade |
| 💴 Withdrawal Fee | None | Yes | None |
| 🆓 Demo Account | Yes | Yes | Yes |
| 💶 Min Deposit | 1,900 ZAR | 1,200 ZAR | 1,900 ZAR |
| 📈 Leverage | 1:500 | 1:500 | 1:30 (Retail) 1:400 (Pro) |
| 📉 Spread | Variable, from 0.0 pips | 0.0 pips | Fixed, from 0.9 pips |
| 📊 Commissions | $1 per side per 100,000 traded | From US$3 | None |
| ⛔ Margin Call/Stop-Out | 100%/30% | 100%/50% | 25% - 50% (M) 10% (S/O) |
| 💹 Order Execution | Market | Market | Instant |
| 🎁 No-Deposit Bonus | Yes | None | None |
| 🪙 Cent Accounts | None | None | None |
| 🖋️ FSCA Regulation | Yes | Yes | Yes |
| 💴 ZAR Deposits | Yes | Yes | Yes |
| 💵 ZAR Account | Yes | None | Yes |
| ⏰ Customer Service Hours | 24/5 | 24/7 | 24/5 |
| 🔟 Retail Investor Accounts | 3 | 4 | 1 |
| ☪️ Islamic Account | Yes | Yes | Yes |
| 📈 Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 pips |
| 📉 Maximum Trade Size | 100 lots | 50 lots | Unlimited |
| 📊 Minimum Withdrawal Time | 1 Business Day | Instant | 24 to 48 Hours |
| ⏲️ Maximum Estimated Withdrawal Time | 2 to 7 Business Days | Up to 10 working days | Up to 10 days |
| ⌚ Instant Deposits and Instant Withdrawals | Instant Deposits | Yes | None |
| 👉Open Account | 👉 Open Account | 👉 Open Account | 👉 Open Account |
Overall Rating
- 4.8/5
Min Deposit
USD 25
Regulators
CySEC, FCA, FSA, FSCA
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Customer Reviews
🥇 Excellent!
“They are highly sensitive to security and provide very effective customer service. I have special thanks to them. It is proof that they are an FCA- regulated Broker.”—Bahadir Seyit.
🥈 Top Choice.
“One of the best overall brokers out there. Keep in mind there is no perfect broker. But Tickmill offers everything a trader needs, and there is always someone to reach out to. Be it support or a manager. The response could be faster, but it is better than having no one or having someone who isn’t genuinely trying to assist you. A lot of the negative reviews seem to be from people who either don’t understand how the market works ( slippage, high-impact news trading, etc.), how online transactions work (banks, payment processors, etc), or are trying to do shady things and are upset the broker has stopped them.”– Gazza Meg.
🥉 Incredible.
“I have tried many brokers before, and it was mad working many gaps in one minute chart. I didn’t find one gap and a fast server here, even with a lousy internet connection. My order was taken quickly and closed faster than any broker, and the commission spread was tight. I have a problem with the payment. They responded very fast, not like others. They leave you to eat yourself two days before they answer without help.
Thanks, Tickmill team; by the way, am not belong to Tickmill. Just my happiness today for finding the best broker ever”– Marina
Our Findings
In our experience, Tickmill’s trading platforms, primarily MetaTrader 4 (MT4) and MetaTrader 5 (MT5), are notable for their user-friendliness and extensive capabilities. The platforms offer technical analysis tools, charting capabilities, and automated trading options via Expert Advisors (EAs). Integration with Tickmill’s services has been easy, resulting in a stable and dependable trading experience.
Pros and Cons
| ✅Pros | ❌Cons |
| Low spreads for active traders | Limited asset selection |
| Multi-jurisdiction regulation | No cryptocurrencies |
| Excellent education and research data | No US clients |
You might also like: Tickmill Account Types Overview
You might also like: Tickmill Demo Account – Step by Step
You might also like: Tickmill Fees and Spreads
You might also like: Tickmill Islamic Account Overview
You might also like: Tickmill Sign up Bonus
Conclusion
According to our research, Tickmill is a stable and dependable trading platform for South African traders. It provides a combination of competitive trading conditions, cutting-edge technological infrastructure, and a strong regulatory framework.
The Financial Sector Conduct Authority (FSCA) regulation instills trust and corresponds with local financial standards, a key benefit for South African traders. Furthermore, per our findings, the MetaTrader 4 and MetaTrader 5 platforms and the Tickmill app cater to a broad spectrum of trading preferences, from novice to professional traders.
Frequently Asked Questions
How does the minimum deposit for Tickmill compare to similar brokers?
The Tickmill minimum deposit is higher than that of similar brokers, such as Oanda, which has no minimum deposit requirement, and FXCM’s $50 / R868 ZAR requirement.
Does Tickmill accept ZAR as a deposit currency?
Yes, Tickmill does accept ZAR as a deposit currency.
Is the minimum deposit the same across all the Tickmill account types?
Yes, the Raw and Classic accounts require a minimum deposit of $100 / R1900 ZAR.
What are the conditions for making deposits to Tickmill?
Conditions include not accepting third-party payments; only payment methods in the trader’s own name will be accepted. Tickmill reserves the right to require proof of ownership of the payment method used, and upon failure to do so, payments will be frozen or refunded. The broker reserves the right to apply penalty processing fees should a third-party payment be made.
What are the different deposit methods for Tickmill?
Tickmill offers the following deposit and withdrawal methods:
- Visa/Master Card
- Skrill
- Neteller
- SticPay
- Bank Wire Transfer
- FasaPay
- Union Pay
- Webmoney
More on Tickmill
Table of Contents
