Tickmill does pay, because it’s a reliable and multi-regulated broker that offers a variety of safe, quick, and user-friendly deposit and withdrawal choices to support traders in efficiently managing their money.
Does Tickmill Pay Out Profits?
Updated: November 08, 2023
Editorial Note: While we adhere to strict
Editorial Integrity,
this post may contain references to products from our partners. Here's an explanation for
How We Make Money.
None of the data and information on this webpage constitutes investment advice according to our
Disclaimer.
Trading becomes more secure when you can deposit and withdraw money from your account on demand, and Tickmill is one of the brokers that offers this feature. So if your question is “Does Tickmill pay?” then the answer is yes. This broker is well-regulated and offers a variety of safe, quick, and user-friendly deposit and withdrawal choices to support traders in efficiently managing their money. Read more to learn more.
Is Tickmill trustworthy? Is Tickmill regulated?
Indeed, Tickmill is a dependable and trustworthy broker. The broker's compliance with financial protocols set by leading regulatory bodies such as FCA, CySec, FSA, and LFSA makes them one of the most secure trading platforms. When brokers are overseen by respectable financial organizations like the ones mentioned above, they acquire much-needed credibility and become more adept at differentiating between real and fraudulent traders.
These regulatory bodies ensure that brokers conduct business ethically by providing traders with capital protection, transparency, and integrity. Top regulators like FCA and CySec require that brokers make sure that retail clients' money is safeguarded in the event of a broker's failure or liquidation. Thus, you can feel secure knowing that Tickmill is protecting your investments.
When you trade with Tiickmill, your investments are covered up to £85k for clients in the UK, €20k for clients in the EU, and $0 for other clients. Tickmill has put in place cutting-edge data security measures, like encryption and routine backups, to adequately protect client information, making it a good broker for both novice and seasoned traders.
How long does it take to withdraw from the Tickmill?
The Tickmill withdrawal time limit is between 1 and 2 working days. This broker is known to provide traders with an ultra-fast execution speed of 0.15 seconds on average. How fast you withdraw your profits will depend on the payment option you choose, as some of them offer a faster transaction duration. When it comes to withdrawing money from Tickmill, you have a variety of options. Credit and debit cards, PayPal, Neteller, Skrill, DotPay, Paysafecard, Sofort, and Rapid by Skrill are the most widely used payment options offered by these brokers.
While withdrawals with other payment methods take a working day to process, deposits made using credit cards, Skrill, Neteller, FasaPay, and UnionPay are processed instantly. Other payment options might take more than one day to complete withdrawal orders.
| Payment Method | Tickmill withdrawal time limit | Tickmill withdrawal fees |
|---|---|---|
|
Bank Transfer |
one working day |
$0 |
|
one working day |
$0 |
|
|
UnionPay |
one working day |
$0 |
|
one working day |
$0 |
|
|
FasaPay |
one working day |
$0 |
|
Perfect Money |
one working day |
$0 |
|
WebMoney |
one working day |
$0 |
|
STICPAY |
one working day |
$0 |
|
one working day |
$0 |
|
|
one working day |
$0 |
|
|
one working day |
$0 |
Traders will be pleased to learn that, unlike other brokers, Tickmill does not charge withdrawal fees. The minimum withdrawal order amount on this platform for commonly accepted payment methods is $25. Remember that you might be able to make withdrawals below the Tickmill minimum withdrawal amount based on the payment method you select. Some of these payment methods show traders the minimum they can withdraw when they visit the withdraw section on the Tickmill platform.
How to Withdraw Money From Tickmill
The actions to take to withdraw from Tickmill are listed below:
The first step is to log in to your Tickmill account. To accomplish this, just go to the Tickmill website, select "login," and input your login information to be granted access to the area.
Next, choose "Withdrawal" or "Withdraw funds" from the drop-down menu. Navigate to the withdrawal/deposit menu and select the relevant payment option.
Select the relevant account if there are multiple withdrawal options available to you. Once you select which account to use, you can begin the withdrawal process.
When choosing the withdrawal amount, you are not required to withdraw the full amount.
The last step is to submit the request and monitor your emails and notification channels for updates on the withdrawal order. If there are any issues with a withdrawal, contact customer service to fix them.
Possible withdrawal problems
Even though Tickmill makes sure its traders receive the best withdrawal service possible, some circumstances can lead to an unsuccessful withdrawal request, so traders must be aware of some of the potential triggers. Several factors can prevent traders from withdrawing their profits from Tickmill. These are listed below.
Examine the conditions and policies for Tickmill withdrawals. Traders should learn the terms of the payment method they select to avoid breaking these regulations.
Make sure to validate your trading account, as unverified accounts may result in delayed or non-processed withdrawals.
Check your account balance and available margin and ensure they meet the minimum amount the broker sets for withdrawals.
Check to see if there are any open positions or pending orders in your trading account. Make sure that any relevant positions or orders have been closed or canceled. The broker may require a certain amount of time to release the funds for your withdrawal after you close some positions, so you may have to exercise some patience.
Note:
The broker's platform may occasionally go down for maintenance or upgrades. In these cases, withdrawal requests may be affected; however, traders will still be able to access their funds when the broker's platform reopens.
FAQs
How do I get paid by Tickmill?
You can get paid by selecting the withdrawal button on the Tickmill dashboard, just like you do when you make a deposit. Click Withdraw after deciding which trading account you want to withdraw money from. Tickmill will send a request to the payment option you selected. Following order processing, the designated bank account will receive the requested amount via the payment method.
Can I trade with $10 on Tickmill?
Since the minimum deposit amount required to register a Tickmill live trading account is $100, it might not be possible to trade with $10 on this platform. If you would like to know whether there are any accommodations for traders who wish to trade with amounts less than the minimum investment, you can contact customer service.
How long does it take to receive money from Tickmill?
Traders can receive their profits in one working day. Tickmill offers traders an average execution speed of 0.15 seconds, as well as instantaneous credit card withdrawal processing and payment options, including Skrill, Neteller, FasaPay, and UnionPay.
Is my money safe with Tickmill?
Your money is safe with Tickmill because it is a reputable broker that is overseen by at least one top regulator, such as the FCA.
Team that worked on the article
Peter Emmanuel Chijioke
Contributor
Peter Emmanuel Chijioke is a professional personal finance, Forex, crypto, blockchain, NFT, and Web3 writer and a contributor to the Traders Union website. As a computer science graduate with a robust background in programming, machine learning, and blockchain technology, he possesses a comprehensive understanding of software, technologies, cryptocurrency, and Forex trading.
Having skills in blockchain technology and over 7 years of experience in crafting technical articles on trading, software, and personal finance, he brings a unique blend of theoretical knowledge and practical expertise to the table. His skill set encompasses a diverse range of personal finance technologies and industries, making him a valuable asset to any team or project focused on innovative solutions, personal finance, and investing technologies.
Dr. BJ Johnson
Developmental English Editor
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.