Tickmill is a convenient and well-known online broker used by thousands of professional traders every day. The broker has favorable trading conditions and a decent array of assets, but you should actually consider withdrawal rules and fees, too. High commissions for withdrawals can be devastating for any trader. In this article, we analyze the withdrawal options offered by the broker and provide you with an essential guide on how to withdraw your money from the platform.
What is Tickmill
Tickmill is a relatively well-known broker mostly popular among traders from Asia and Africa. While it has a somewhat limited array of available trading tools, you can definitely find something you like: 62 currency pairs, indices, bonds, and so on. The minimum deposit is just 100 USD, so you can make a small deposit and start trading right away. Many users like Tickmill for its tight spreads: they start from zero pips on Pro accounts, but you have to pay a little extra for that.
Tickmill is well-regulated, transparent, and secure. All of its operations are monitored by several major regulators including FCA and CySEC. The broker provides protection against negative balance, and it stores your funds separately from its own. All in all, the broker is a very convenient choice for novices, but you should definitely understand how to withdraw from Tickmill before signing up. After all, it’s one of the most important things you should know about every broker.
How withdrawals work
First of all, Tickmill seems to care about common traders who don’t withdraw too much: all withdrawal applications below 5.000 USD are processed during the day, allowing you to receive money as quickly as possible. Tickmill offers several various withdrawal methods: credit or debit cards, wire transfers, or payment systems like UnionPay, WebMoney, or Neteller. The broker even has a crypto option that can be used to withdraw your money in BTC, ETH, or USDT. There are no withdrawal fees at all.
The withdrawal process itself is very simple. Just log into the account, find the Withdrawal option, and select it. You’ll be redirected to a page where you will be asked to choose the method you like. Once it is done, enter the amount you wish to receive: a sum exceeding 5.000 USD may be charged with fees by the broker. Now, just submit your application and wait for the platform to process your payment.
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