Where Does Tickmill Legally Operate?

Is Tickmill legal and safe?

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Tickmill is a legal broker because it operates under the guidance of top regulators from the UK, South Africa, Cyprus, etc. Tickmill is regulated by;

• Seychelles Financial Services Authority (SFSA) (license number 09369927)

• UK Financial Conduct Authority (FCA) (license number 733772 )

• Cyprus Securities and Exchange Commission (CySEC) (license number 278/15)

• Labuan Financial Services Authority (Labuan FSA) (license number MB/18/0028)

• Financial Sector Conduct Authority (FSCA) in South Africa (license number 49464)

Tickmill offers dependable and secure services because they abide by the rules set forth by these regulators. Its clients are also granted well-defined rights and responsibilities. The broker has access to the ICF investors' compensation fund; up to €20,000 is covered by insurance if the broker files for bankruptcy.

This broker has a physical address in some of the countries where its services are available. These include:

• UK Office: 3rd Floor, 27 - 32 Old Jewry, London, EC2R 8DQ, England;

• Cyprus Office: Kedron 9, Mesa Geitonia, 4004 Limassol, Cyprus,

• South Africa Office: The Pavilion, Cnr Dock and Portswood Rd., V and A Waterfront, 8001, Cape Town

• Seychelles Office: 3, F28-F29 Eden Plaza, Eden Island, Mahe, Seychelles

• Labuan Malaysia Office: Unit B, Lot 49, 1st Floor, Block F, Lazenda Warehouse 3, Jalan Ranca-Ranca, 87000 F.T. Labuan, Malaysia. 

Available Tickmill countries

Tickmill is available in the following countries:

• UK

• Cyprus

• Seychelles

• South Africa

• Malaysia

• Dubai

• India

• Thailand

• Togo

• British Indian Ocean Territory

• Colombia

• Mali

• Vanuatu

• Guinea

• Uruguay

• Bangladesh

• Pakistan

• China

• Philippines

• Russia

• Malaysia

• Saint Barthelemy

• Niue

• Bahamas

• Belize

• Nigeria

• Brazil

• Argentina

There are differences in the services this Forex broker offers and how it operates in these countries. This is because most of these countries have regulations in place. For instance, the EU's MiFID II law requires brokers to refrain from offering bonuses to traders, and the leverage available to retail traders cannot be greater than 30:1. Brokers are also required to keep client funds separate from their own to safeguard clients in the event of insolvency.

Again, they must provide clients with comprehensive information about the risks associated with trading, ensuring that clients are aware of the potential losses involved. Tickmill adheres to these protocols when offering services in EU nations.

Which country is Tickmill banned from?

The following nations' citizens and residents are not intended to access the information on this website or use Tickmill's services: Iraq, North Korea, Syria, Myanmar, Cuba, Iran, Iraq, North Korea, Cuba, Sudan, and the United States. You can ascertain whether Tickmill allows users from any country by contacting the platform's customer support.

Is Forex trading risky?

Yes. Forex trading is risky even though the currency market is known to be the largest and has the biggest trading volume. People should understand and carefully consider the risks involved in Forex trading before they trade, which are caused by a variety of factors.

The foreign exchange markets are highly volatile due to the sudden and unpredictable fluctuations in currency values. Market conditions can change quickly, leading to potential gains or losses. Using leverage aggressively can result in significant losses on initial investments during volatile markets.

Leverage allows traders to manage a larger position size with a smaller initial investment. Although leverage can boost earnings, it can also raise losses. Significant financial losses are more likely when there is high leverage.

Numerous economic factors, such as interest rates, inflation, economic indicators, and geopolitical developments, have an impact on currency values. Trading Forex is more complicated and risky because of these unpredictable factors. Currency values are subject to changes in interest rates by central banks. Furthermore, counterparty risk exists when a third party defaults on a contract, resulting in financial losses for the trader.