Tickmill – No Deposit Bonus
There are many ways in which Forex brokers differ from each other. They might offer different leverage levels, spreads, commission fees, various trading instruments, customized platforms, and so on. These are the main points of the competition through which traders will compare individual brokers and will choose the best broker between them. However, more and more traders began to choose the brokers that provide the most flexible promotional programs. There are not few brokers who implement the bonus structures within their services, however, not all of them are suitable or likable by traders.
No deposit bonus is undoubtedly a champion of the bonuses. They are highly beneficial and motivational for traders. Mainly due to the fact that they are literally free. Unfortunately, many brokers will claim they offer no deposit bonuses. However, in reality, they will impose multiple restrictions and complications to claim the bonus. Or, in case the client claims the bonus they will require tons of trading volume requirements. Therefore, it is not easy to find the best Forex no deposit bonus on the market.
Tickmill Ltd. is a leading Forex broker in the industry operating for more than 8 years. Apparently, the broker has accumulated enough funds to cover the generous promotional campaigns. Apart from the numerous trading contests, championships, and NFP machine campaigns that Tickmill provides, it also has one of the best no deposit bonuses available for its traders.
Tickmill $30 No Deposit Bonus
In fact, the no deposit bonus of Tickmill is a welcome bonus for new registering users on the broker’s platform. The amount of the bonus is 30 US dollars. There is no requirement that obliges customers to make initial deposits in order to enjoy the welcome bonus money. The program indeed offers free trading money but on a separate, Welcome Account. The bonus itself is not withdrawable without trading with it first. That is quite simple to understand as the broker’s initial intention for offering the bonus is to encourage newcomers in the industry to start trading. 30 USD welcome bonus money actually allows traders to try out their first few trades risk-free.
The clients are not liable for any losses resulting after the trades with the bonus money. Furthermore, if they generate any profit through trading with the free 30 USD bonus, they can retain their earnings. The profit is withdrawable at any point, too. Tickmill Forex broker provides a welcome account in the base currency of USD only, therefore no deposit bonus is also available in US dollars only. The eligibility criteria applicable to the bonus program and conditions are relatively easy to understand. They are described below in the article.
Eligibility and Conditions
The eligibility criteria for the no deposit welcome bonus of 30 USD Tickmill states that only people who are considered to be of the legal age in their countries of residence are eligible for the program. Therefore, minors cannot claim the no deposit bonus. Furthermore, not all country residents can participate in the promotional program. Due to restrictions from several regulatory bodies, Tickmill cannot provide bonuses in the member countries of the European Union.
Following countries are not eligible to receive the no deposit bonus from Tickmill: Algeria, Armenia, Australia, Azerbaijan, Belarus, Bulgaria, Columbia, Georgia, Hong Kong, Iceland, Israel, Kazakhstan, Lebanon, Liechtenstein, Macau, Moldova, Morocco, Norway, State of Palestine, Switzerland, Taiwan, Tunisia, Yemen, North Korea, Iran, USA, Indonesia, Venezuela, Vietnam, Lesotho, Pakistan, Bangladesh, Ghana, Egypt, Russia, San Marino, South Africa, Ukraine, Uzbekistan, Kyrgyzstan, Tajikistan, Turkmenistan, and Kenya.
Additionally, existing users on the trading platform of Tickmill broker cannot open a Welcome account, therefore are not eligible for the bonus. Expert Advisors (EAs) are not allowed on Welcome Accounts. Only one welcome account per client is permitted. The broker will block any account that matches the existing IP address in the database.
Welcome Account Specifications
The welcome account is a one-time account that the broker establishes for the new registering users only. The Welcome Account is absolutely identical to the Pro account type of Tickmill. The traders can choose their own leverage levels on this account. The base currency for the Welcome Account is US dollars. The account is for the purposes of receiving the welcome bonus and trading with it only, therefore traders are not able to make deposits or withdrawals from this account. As soon as the profits are generated on Welcome Account and the profit is transferred to the live trading account, Welcome Account will be closed and not accessible.
Traders can use the Welcome Account for 60 days since registering on the account type. After the period expires traders will have additional 14 days to transfer any profit generated on the account to their live trading accounts. Welcome Account can only be opened once and repeated registrations for the account are not permitted. The Welcome Account is automatically generated after registering on the promotions page. The traders will receive the login credentials that will be used for accessing the Welcome Account. The login details cannot be used to enter the Client Area.
How to Withdraw Profits
The minimum withdrawal amount is 30 US dollars and the maximum withdrawable profit amount is 100 USD. In order to withdraw funds from Welcome Account, the clients should transfer any earnings generated on it to the live MetaTrader4 trading account. The transfer should be requested either online on the Welcome Account platform or via email to firstname.lastname@example.org. The request for transferring the funds can only be made once. For being able to transfer the funds from the Welcome Account clients should be registered within a Client Area with a real trading account. The personal details on both real and welcome accounts of the user should exactly match each other, otherwise, the transfer will fail.
Furthermore, the traders should complete the verification process on real trading accounts in Clients Area. Meaning that they should provide supporting documents that prove their identity. Also, the real trading account should be activated, which requires depositing the minimum deposit requirement on the real trading account. The minimum deposit requirement for Classic and Pro account types is 100 US dollars or equivalent in other base currencies. After the application for the transferring funds is approved, the amount will be credited to the balance of the real trading account. Afterward, the amount is withdrawable at any point through any withdrawal methods provided by the broker.
Registering for Welcome Bonus
Registration for the Welcome Account happens separately from setting up a real trading account within the Client Area. In order to claim the free Forex bonus money, the users have to go to the Promotions page on the official account of the Forex broker. Within the page, there is a registration form available for setting up a Welcome Account. The form can be filled within few minutes only.
- Users need to fill in the first and last names according to their Identity documents since they will be required to be verified at later stages.
- The email address entered in the registration form should be valid and working as the broker will send the login details to the email address indicated within the form
- The date of birth should also match the data from the identification and supporting documents such as ID, passport, and driver’s license
- The country of residence should also be filled in correctly
- The account type is automatically fixed to Pro account for all clients
- The clients can choose leverage as they like. The maximum available leverage is 1:500
After completing the registration form, the clients will receive the email that displays all the login data, passwords, and web addresses to the trading platform. After downloading the software, traders can simply access the Welcome account using the login and password that they received from Tickmill.