Exness Review
Tickmill Minimum Deposit
Overall, the minimum deposit amount required to register a live trading account is $100, this minimum deposit is equivalent to 11 940 KES. Tickmill is very competitive in terms of its trading fees and spreads. Tickmill offers three retail investor accounts as well as demo and Islamic accounts. Tickmill has a trust score of 82% out of 100.
- Lesche Duvenage
Jump to:
Minimum Deposit Overview
Deposit Fees and Methods
Step By Step guide to depositing the Minimum Deposit
Pros and Cons
Final Verdict
FAQ
Overall Rating
- 4.7/5
Min Deposit
$100 / 1 343 BWP
Regulators
CySEC, FCA, FSA, FSCA, Labuan FSA
Trading Desk
Meta Trader 4
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Tickmill Minimum Deposit – 6 key points quick overview:
Minimum Deposit
👉 Tickmill charges a minimum deposit amount of $100.
👉 This is comparable to 1,200 Botswana Pula (BWP) based on the current exchange rate between the US dollar and the Pula. Tickmill is governed by the Seychelles FSA, FCA, CySEC, Labuan FSA, and FSCA, but not by any of the following local regulators in Botswana:
➡️ Ministry of Finance and Economic Development (MFED)
➡️ Bank of Botswana (BoB)
➡️ Non-Bank Financial Institutions Regulatory Authority (NBFIRA)
👉 According to the provisions of MiFID II, Tickmill complies with all EU laws and regulations surrounding the trading of financial instruments. In this approach, total transparency of all Tickmill transactions benefits both the broker and the consumer.
👉 Client money must be held separate from the broker account and in locations where Tickmill does business, in the segregated bank accounts of recognized financial institutions.
👉 Tickmill UK Ltd., as a member of the Financial Services Compensation Scheme, can compensate investors for losses of up to £85,000. This payment is paid to retail customers if Tickmill fails on its obligations to them, such as if the firm ceases operations or declares bankruptcy.
👉 There is no compensation for traders who lose money due to their own trading choices.
Deposit fees and deposit methods
👉 No deposit fees are charged when Botswanan traders deposit monies to their trading account. Botswana citizens may fund their accounts using any of the following options:
➡️ Bank Transfer
➡️ Debit Card
➡️ Credit Card
➡️ Skrill
➡️ Neteller
➡️ Sticpay
➡️ Fasapay
➡️ UnionPay
➡️ Nganluong
➡️ QIWI
➡️ WebMoney
👉 When making a minimum deposit into a live trading account with Tickmill, Botswanan traders can choose between these deposit currencies:
➡️ USD
➡️ GBP
➡️ EUR
➡️ IDR
➡️ CNY
➡️ VND
➡️ RUB
Step by Step Guide – How to open a Tickmill account
👉 Step 1 – Navigate to the Tickmill landing page and click on 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, a confirmation email will be received and the Tickmill account can now be funded and trading can commence.
Overall Rating
- 4.7/5
Min Deposit
$100 / 1 343 BWP
Regulators
CySEC, FCA, FSA, FSCA, Labuan FSA
Trading Desk
Meta Trader 4
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Tickmill Kenya Pros and Cons
| ✔️ Pros | ❌ Cons |
| Tickmill offers dedicated, prompt customer support 24 hours a day, 5 days a week | There are only a few asset classes and financial instruments offered |
| There is a selection of funding and withdrawal options offered by Tickmill | There are no fixed spreads offered by Tickmill |
| Tickmill offers a no-deposit bonus to new traders | There are currency conversion fees when Botswanan traders deposit or withdraw in BWP |
| There are low spread costs and high leverage ratios offered | Additional commissions are applied to the Islamic account when positions are held for longer than three days |
| Tickmill is well-regulated and has a good reputation | |
| There are several tools provided to advanced traders including AutoChartist, FIX API, and more | |
| MetaTrader 4 and MetaTrader 5 are both offered by Tickmill | |
| There is a commission-free trading account offered to Botswanan traders |
Verdict on Tickmill
👉 Overall, Tickmill is very competitive in terms of its trading fees and spreads.
FAQ
What is the minimum deposit that I can expect from Tickmill?
You can expect a minimum deposit of 100 USD / 1,200 BWP.
Do I receive a deposit bonus when I finance my Tickmill trading account?
No deposit bonus is offered when you pay the minimum deposit amount for the first time after verifying your Tickmill account.
Is Tickmill regulated locally in Botswanan?
Tickmill is not currently regulated locally in Botswanan.
How can I make the minimum deposit to Tickmill?
You can make the minimum deposit by using these payment methods:
- Bank Transfer
- Debit Card
- Credit Card
- Skrill
- Neteller
- Sticpay
- Fasapay
- UnionPay
- Nganluong
- QIWI
- WebMoney
What does Tickmill do with my deposit?
Tickmill will keep your funds in segregated accounts with some of the best banks in the world. These funds are not kept with the broker’s operating funds.
