Tickmill Withdrawal: $25 Minimum, No Fees and the Return-to-Source Rule

Tickmill charges zero withdrawal fees. The minimum withdrawal is 25 in your wallet currency, and most requests are processed within one working day. Bank wires can take a further one to three working days to reach you, depending on your bank.

Withdrawals are made from your wallet, in the wallet's base currency, and they return to the payment method you originally used to deposit. Tickmill says the policy protects both sides from fraud. It is the rule to understand before you fund the account, because the way in decides the way out.

Timings by method

Card refunds are the slow ones. Tickmill's payment table shows up to eight working days for card withdrawals to arrive, because card networks take their time returning money. E-wallets are the quickest practical route for most traders.

Tickmill's payments support team works Monday to Friday, 07:00 to 20:00 GMT. A request made on Friday evening will usually be handled on Monday.

The return-to-source rule, with examples

Two rules cover nearly every case. Card deposits go back to the same card, up to the total you deposited by card. Anything above that amount goes to another method you choose, such as a bank wire or e-wallet.

The first two rows are Tickmill's own examples. Where you funded by card and by another method, the card is always refunded first. Plan for that if your card is close to expiry or belongs to an account you intend to close.

Currency and conversion

Tickmill processes payments in euros, pounds, rand and US dollars only. Your withdrawal leaves in the base currency of your wallet. If your bank account or e-wallet is in another currency, the provider converts it and may charge a conversion fee.

That conversion is where most of the hidden cost sits. A trader in Indonesia with a USD wallet receives dollars, which the bank turns into rupiah at its own rate. Two ways to reduce the loss: use an e-wallet that holds dollars, and withdraw less often in larger amounts.

Costs outside Tickmill's control

Tickmill says plainly that intermediary banks and e-wallet providers may apply their own charges, which are outside its control. The broker's fee is zero; your total cost may not be.

How to withdraw

1. Move the money from your trading account to your wallet.
2. Select Withdraw beside the wallet, or use the Withdrawal tab.
3. Choose the wallet, which is preselected if you started from the Wallets screen.
4. Pick the payment method for receiving funds.
5. Enter the amount and submit.
6. Follow the request in the Transactions History tab.

People forget the first step. Money in a trading account has to be transferred to the wallet before it can be withdrawn. Only transfer free margin if you have open positions, or your margin level will fall.

Withdrawals and open trades

Tickmill's margin call sits at a 100% margin level, which is early by offshore standards. Take money out of a trading account with positions open and the margin level drops at once. An account at 180% can fall to 110% after a transfer, and a small move then triggers the margin call.

Calculate the margin level you will have after the transfer, not the one you have now. Our Tickmill stop out guide explains the 100% and 50% thresholds.

Welcome Account profits

Profits from the $30 Welcome Account follow different rules. They can be moved to a live wallet only within set limits and after you make a qualifying deposit. Don't expect to withdraw the $30 itself. The Tickmill Welcome Account guide explains the conditions.

Why a withdrawal gets delayed

• Verification is incomplete or a document has expired.
• The destination account isn't in your name.
• Extra source-of-funds documents were requested and not yet supplied.
• The request was made outside the payments team's working hours.
• Card details changed since the deposit.
• The amount is below the minimum of 25.

Most delays are document problems that could have been fixed in advance. Complete every verification step when you open the account, as described in our account opening guide.

Tips for faster payouts

• Fund with the method you want to be paid by.
• Prefer e-wallets if speed matters, and bank wire for large sums.
• Request withdrawals early in the week and early in the day, GMT.
• Keep your ID and proof of address current.
• Test the route with a small withdrawal in your first week.

Which method to choose

Speed, cost and convenience rarely line up. E-wallets such as Skrill and Neteller are quick once Tickmill has processed the request, though the wallet may charge you to move money on to your bank. Bank wire is slower and can lose a slice to intermediary banks, which matters on small sums and hardly at all on large ones.

Cards are a special case. You don't choose them for withdrawals; the return-to-source rule chooses for you, up to the amount you deposited by card. Because card refunds can take up to eight working days, funding by card is a poor idea if you expect to need money back quickly.

A workable approach for most traders outside the dollar, euro, pound and rand zones is an e-wallet that holds US dollars. Deposits and withdrawals stay in one currency, the money arrives fast, and you convert to local currency only when you choose to.

Records to keep

Save the confirmation of every withdrawal, with the date, amount, method and transaction reference from the Transactions History tab. Banks sometimes ask why money arrived from abroad, and tax authorities in many countries want evidence of trading income. A monthly account statement kept beside those confirmations answers both.

Frequently asked

Related reading

• Tickmill minimum deposit
• Tickmill fees
• Tickmill stop out
• Tickmill customer support
• Our full Tickmill review