Overview of Tickmill Review:
With the online finance market experiencing a huge customer base, it has been difficult for the regulators to bifurcate the legit brokers from the scam brokers. This is where we come to help; our team of research specialists put together all the information and conclude the decision based on the number of problems and risks they pose to the customers. In this review, we would be investigating Tickmill. Tickmill is a globally established CFD and forex brokerage firm with 160,000+ clients around the world. Founded in 2014, the company has various branches and employs over 150 people in their firm. Read more about the company in our Tickmill Review.
In this section of the review, we would be closely examining what all the brokerage firm offers and what it doesn’t.
Every broker mandatorily needs a license issued by the regulators of the country they are operating in. This is the basic step that everyone needs to look out for while looking for a brokerage firm to trade with. Upon looking at Tickmill’s website and cross-checking it with the regulators, we found that Tickmill is regulated by not one but five regulators such as FSCA of Seychelles, CySEC of Cyprus, FCA of UK, FSCA of South Africa, and LFSA of Malaysia. This gives us the first green flag for the company in Tickmill Review.
Tickmill Demo account:
The demo account is a primary step to look out for while deciding on a brokerage firm to trade with. One must always opt for a brokerage firm that offers a demo account as it helps you get used to the working of this firm. In the case of Tickmill, we found out that the company offers a demo account to its clients. However, these demo accounts are deactivated by the firm if it notices 7 days of inactivity. This is the second red flag of this review for Tickmill.
Tickmill Languages and Trading Software:
Tickmill provides its customers with Meta Trader 4 or MT4 trading software. The trading platform provides its customers with much diversity by offering as many as 17 languages such as English, Arabic, Chinese, German, Indonesian, Italian, Japanese, Korean, Russian, Spanish, Polish, Portuguese, Thai, Turkish, Malay, Vietnamese, and Filipino. This adds yet another red flag for Tickmill in this review.
Tickmill Withdrawals and Deposits:
Tickmill demands no withdrawal fee to its clients. The firm allows withdrawal to credit cards and debit cards as well. Tickmill also allows deposits from electronic wallets. The currencies supported by the firm are EUR, USD, and GBP, etc.
Conclusion: Is Tickmill a Scam or Legit?
To sum up, all that has been said above, we can safely say that Tickmill is a legitimate broker. We encourage our readers to trade and invest with this brokerage firm. One should always conduct thorough research before investing with a broker. In case you have been scammed by any scam broker, file a complaint with us and get your process of fund recovery started now!
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