Tickmill withdrawal at a glance

Whether you are using an online broker for short-term trading or for longer-term investments, there will come a point when you may want to enjoy the fruits of your trading activity if you've been making profitable transactions, or you just need access to your funds for any reason. To do that, first you have to withdraw money from your broker account.

That doesn't sound very complicated, but brokers differ considerably in what withdrawal options they offer (such as bank transfer or credit/debit cards), as well as in the speed and convenience of withdrawal. And while withdrawal at many brokers is free in most cases, some brokers and some types of withdrawals may involve a fee.

So how does Tickmill fare in this regard? Before we dive into the details, let us show you at a glance how you can withdraw money from Tickmill and how Tickmill's withdrawal fees and options compare to some of its close competitors.

Tickmill withdrawal fees and options snapshot
Tickmill Oanda Rakuten Securities
Bank transfer Yes Yes Yes
Credit/debit card Yes Yes No
Electronic wallets Yes Yes Yes
Withdrawal fee Free withdrawal No fee for credit cards but bank transfer costs $20 Free for AUD withdrawals in Australia, but all other bank withdrawal costs $25. 2% of transfer amount cost for Skrill and Neteller.

How to withdraw money from Tickmill
Tickmill withdrawal options

Withdrawal via bank transfer is by far the most common option. It is available at basically all brokers, and Tickmill is no exception.

In addition to bank transfer, Tickmill also allows you to withdraw funds to a debit or credit card. Many brokers don't offer this option, so this is a definite plus for Tickmill.

You can also withdraw money to electronic wallets. This is a nice feature that isn't available at all brokers. At Tickmill, you can withdraw money to the following electronic wallets: Neteller, Skrill, dotpay, Paysafecard, Sofort, Rapid by Skrill, China Union Pay, Fasapay, Ngang Luong, Qiwi, Sticpay, Webmoney.

Speed also matters. Unlike some deposit options, withdrawal is rarely instant. It usually takes at least 1 business day, but often several business days for your money to arrive.

We tested withdrawal at Tickmill and it took us 1 business day. It doesn't really get any better than this!

To withdraw money from Tickmill, you need to go through the following steps:

  • Log in to your account
  • Select 'Withdrawal' or 'Withdraw funds' from the appropriate menu
  • Select the withdrawal method and/or the account to withdraw to (if more than one option is available)
  • Enter the amount to be withdrawn, and, if prompted, a short reason or description
  • Submit your request

Whatever method you use, you may only withdraw money to accounts or cards that are in your name.

How to withdraw money from Tickmill
Tickmill withdrawal fees

While depositing money to a brokerage account is free in most cases, this is not necessarily always true for withdrawals. International bank transfers and wire transfers in particular can sometimes incur high fees, so always check carefully if this is something that would apply to your transactions.

We have good news for you: basic withdrawal at Tickmill is free of charge. See the table below for details and possible exceptions, as well as how Tickmill compares with some of its immediate competitors.

Tickmill withdrawal fees
Tickmill Oanda Rakuten Securities
Domestic bank withdrawal Free withdrawal First withdrawal is $20, additional withdrawals cost $35 Free for bank withdrawal in Australia
International bank withdrawal Free withdrawal First withdrawal is $20, additional withdrawals cost $35 $25 fee per withdrawal
Credit/Debit card withdrawal Free withdrawal Free for first credit and debit card withdrawal, $15 thereafter Free for credit/debit cards
Electronic wallets withdrawal Free withdrawal PayPal is free for EUR, USD, and GBP currencies 2% of transfer amount cost for Skrill and Neteller

How to withdraw money from Tickmill
Bottom line

Tickmill withdrawal is free of charge in most cases and you have multiple options for withdrawing your money, making it relatively easy to access your funds.

To see how Tickmill's withdrawal fees and options stack up against the rest of the brokerage market, check out our broker comparison tool.

Author of this article

Ádám Nasli

Author of this article

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Ádám Nasli

Broker Expert

Ádám is a motivated finance expert with over two years of experience in banking and investment, and a professional degree in this field. He's eager to help people find the best investment provider for them, and to make the investment sector as transparent as possible.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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