Is Tickmill.com a scam or a legit broker? I have been trading with Tickmill for about three months now, having opened an account, deposited, and withdrawn money from my trading account. Tickmill.com is a broker that offers a range of trading platforms and spreads, but the question is if they are legitimate or scams. This tickmill review will look at everything to determine if Tickmill is a scam or a legit broker.
When I discovered Tickmill.com, I was excited because it seemed to be a great new no-deposit bonus betting site. However, once I started playing with it and reading more about other people’s experiences with Tickmill, I began to wonder what the truth behind this company is.
If you are you wanting to bet in online trading, then Tickmill is the best choice. It is an online platform that brings you a new trading experience. It’s a regulated binary options broker with a range of services and investment opportunities. They provide safe and secure ways to invest in binary options and other financial markets.
What is Tickmill?
Tickmill is a global Forex broker and provider of online trading services. Traders and investors from around the globe can enjoy access to more than 250 financial instruments across different asset classes, including forex, spot metals, shares, indices, energies, and bonds.
Tickmill offers clients two types of live accounts to trade with Pro and VIP. All accounts are commission-free and offer tight spreads on a wide range of tradable assets as well as lightning-fast execution.
Is a Tickmill legit?
Yes. Tickmill is a legit and regulated broker. On top of the regulation from FCA, Tickmill also holds licenses from CySEC (Cyprus) and the Seychelles Financial Services Authority (FSA).
Tickmill has undergone several inspections by some of the most respected regulatory agencies in the world, such as the FCA and CySEC. The broker is also a member of the prestigious Investor Compensation Fund (ICF), which protects clients against fraudulent activities.
Is Tickmill a scam?
We can confidently answer no, Tickmill is not a scam. They are properly regulated by the top-tier UK FCA (Financial Conduct Authority) and CySEC (Cyprus Securities And Exchange Commission). The company behind Tickmill is Tmill UK Limited, which is registered in England under number 07134671.
Moreover, they are also members of the Financial Services Compensation Scheme (FSCS), which means that traders get compensated up to £85 000 if the broker goes bankrupt or becomes insolvent. In addition, they also participate in the Investor Compensation Fund for Clients of Cyprus Investment F
Tickmill is a regulated forex broker:
Tickmill is authorized and regulated by the Financial Conduct Authority. It is owned by Tickmill Ltd and operated by Tickmill UK Limited (a company registered in England and Wales)
Tickmill Group consists of Tickmill UK Ltd, regulated by the Financial Conduct Authority, License Number 717270; Tickmill Europe Ltd, regulated by the Cyprus Securities and Exchange Commission (CySEC), License Number 258/14; and Tickmill Ltd., regulated by the Seychelles Financial Services Authority (FSA), License Number SD015.
Is the Tickmill site safe?
Yes. Tickmill is committed to providing a safe and secure trading environment. We are licensed and regulated by the Financial Services Authority (FSA) of Seychelles, one of the most respected financial regulators in the world. Our clients’ funds are insured by the Investor Compensation Fund (ICF) for up to €20,000 per client.
Tickmill is also audited internally on a regular basis as well as externally by KPMG every year. In addition to that, Tickmill also maintains a negative balance protection policy which ensures that your account remains at zero balance even when you experience extreme market movements.
Conclusion
For most people, Tickmill is a legitimate forex broker. You can trade at a variety of currency pairs and your deposits are protected by the Financial Services Compensation Scheme (FSCS). While Tickmill’s spreads are wider than you find at some of the lowest-cost forex brokers, they are still competitive with what other reputable brokers charge.
My experience with Tickmill has been a good one overall, but there are many other things to take into consideration before you decide if this is the broker for you. Overall it is probably a step up from many of the usual CFD brokers that most of us know, but be aware that some key features are missing and the leverage can be lower than expected. The Tickmill Bonus is an innovative promotion that rewards you with a bonus on every deposit. The promotion is always live, and the longer you play, the bigger the bonus you are awarded.
