Tickmill – what we know and have as facts about it; This is a trade name of Tickmill Group of companies, which includes: Tickmill UK Ltd – regulated by the UK Financial Conduct Authority (FCA) under license number 717270; Tickmill Europe Ltd – regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 278/15; Tickmill Ltd – regulated by the Financial Services Authority (FSA) of Seychelles under license number SD008; Tickmill Asia Ltd – regulated by the Financial Services Authority of Labuan Malaysia under license number MB/18/0028; These licenses allow it to conduct various financial services, including receiving, transmitting, and executing customer orders.
We have found in the Terms of Business text that in certain markets, including the foreign exchange markets, OTC foreign exchange options and CFD Contracts, Tickmill Ltd may act as a market maker. It may hold positions that are contrary to positions of the client resulting in potential conflicts of interest. In general, dealing with market makers involves a conflict of interest because they do not transmit customer deals and hope that customers will lose. Every loss of customers is their profit.
We also found that there are some posts in forums about improperly executed stop loss orders, invalid quotes, different prices in live and demo accounts and poor support.
So far, we have not received any complaints from customers of Tickmill. If you have any criticism to share with us or feel annoyed by Tickmill, please fill out the form below, detailing your case. Once we have made your case public, we may attempt to mediate between you and Tickmill if you wish.