Currently, in the online financial market, there are countless trading platforms established. Therefore, before trading, investors need to consider carefully choosing a reputable exchange. Among them, Tickmill is a trading platform that many traders are interested in. So are the rumors about the Tickmill scam true? Let’s follow Learn Forex Trading and follow the article below now.
Introducing Tickmill exchange?
Tickmill is a financial exchange founded in 2015. The headquarters is located in the UK and has many offices around the world. This exchange has attracted many investors with modern financial trading products.
Tickmill’s basic account types
Tickmill offers a range of trading account types to suit different trading needs and goals. Here are some of the main account types that Tickmill offers:
- Classic Account: This is Tickmill’s popular account type. It is suitable for beginners to trade forex and basic CFD products. This account has high leverage and low spreads and trades with low deposits.
- Pro Trading Account (Pro Account): This account type is suitable for experienced traders. Pro accounts have low spreads and higher leverage than Classic accounts.
- VIP Account: Tickmill’s VIP account is for professional and advanced traders. It has special offers such as super low spreads, premium customer service, and other benefits.
- DEMO Account: To allow traders to test strategies and platforms without financial risk, Tickmill offers a free Demo account.
Tickmill’s basLearn Forex Trading platform
Tickmill offers many trading platform options for traders, including versions of the popular MetaTrader platform. Here are the main platforms you can use on Tickmill:
- MetaTrader 4 (MT4): MetaTrader 4 is one of the very powerful platforms with many analytical features. It supports popular order types such as market, pending, and stop orders.
- MetaTrader 5 (MT5): MetaTrader 5 is an upgraded version of MT4 with more improved features. This platform has more time charts and higher quality than MT4.
See more: Latest instructions for Tickmill open account
Is Tickmill scam true?
There are many rumors regarding the Tickmill scam issue. To help investors learn more about this issue, below is an analysis of whether Tickmill is a reputable trading platform.
Analyze whether Tickmill is a scam or reputable.
Below are the criteria to evaluate whether a forex trading exchange is reputable or not.
- To this point, Tickmill has received more than 350,000 account registrations and more than 385 million trading orders performed. It has raked in more than 142 billion in average trading volume per month.
- Tickmill owns many licenses from leading reputable financial organizations including FCA and CySEC.
- This trading exchange has founding members who are all big names in the market such as Sudhanshu Agarwal, Valerijus Ovsianikas, Duncan Anderson…..
- In addition, Tickmill exchange also achieved many major awards globally.
Thus, based on the above information, it can be proven that the Tickmill scam exchange is false information.
How to recognize Tickmill scam exchange
Below are some basic signs of a fraudulent financial platform:
- Unrealistic advertising: Be wary of exchanges that advertise excessively about profits and promise quick money. If this sounds too good to be true, consider it.
- Lack of clear, easily findable contact information on the website. Include the office address and contact phone number. Avoid exchanges that have no contact information or provide vague information.
- Fees and trading conditions are unclear: Read the terms and conditions of the exchange carefully. If you find fees unclear or trading conditions too complicated or unreasonable, consider it.
- Negative feedback from users: Learn about other users’ feedback about the platform on review sites. However, please note that there can also be fake or negative feedback due to unfair competition.
- Avoid pre-deposits and withdrawal requests: If the broker requires you to deposit money before you can trade or withdraw, consider it.
- Unprofessional customer support: Contact customer service and ask questions to test their professionalism and responsiveness. Scam platforms may have poor or unresponsive customer service.
Trusted operating license of Tickmill exchange
Tickmill trading platform has operating licenses and authority from reputable financial regulatory agencies. Based on this series of licenses, traders can evaluate Is Tickmill a good broker? Here are Tickmill’s main licenses:
- FCA (Financial Conduct Authority) – UK: licensed and authorized by FCA (License number: 717270). FCA licensing ensures that Tickmill UK complies with strict financial rules and regulations.
- CySEC (Cyprus Securities and Exchange Commission) – Malta: licensed and authorized by CySEC (License number: 278/15). The CySEC license ensures that Tickmill complies with the rules and protects trading users.
Basic guide to the Tickmill trading platform
To be able to understand and use the Tickmill platform, traders need to learn the basics of how to log in as follows:
Tickmill reviews how to log in on Tickmill Demo
To log in to a Demo account on the Tickmill trading platform, users need to follow these steps:
- Visit the official Tickmill website: Open a web browser and search.
- Find and access “Client Area” or “Login” to continue.
- Login to Demo account: “Register” or “Open a Demo Account”.
- Visit the Tickmill Demo account to make virtual and test trades without using real money.
Tickmill reviews the Tickmill login method
To log in to your account on the trading platform, Tickmill review traders follow these steps:
- Visit the Tickmill homepage
- Find and access the “Client Area” or “Login” section
- Enter your login information or ”Register” or “Open an Account” to start the registration process.
- Complete the login process and select the appropriate account type
- Start trading
See more: Instructions Tickmill sign up on your phone
Note when trading on the Tickmill exchange
When trading on Tickmill, users need to follow some important notes to have a positive trading experience.
Advantage
Trading on the Tickmill exchange has many advantages that investors can take advantage of. Here are some main advantages when trading on Tickmill:
- A reputable license will ensure the reliability of the exchange.
- Favorable trading conditions with low spreads and high leverage. It allows traders to take advantage of trading opportunities across a variety of financial markets.
- Many account types: Tickmill offers many different types of trading accounts to suit each user’s needs.
- Free Demo accounts allow traders to test strategies and platforms without financial risk.
- Professional support through multiple channels to resolve customer issues quickly.
Defect
Although Tickmill has many advantages, there are also disadvantages to consider before deciding to trade. Here are some of the main disadvantages of Tickmill:
- Geo-restrictions from some countries and regions
- High-leverage trading risks can lead to rapid loss of all invested capital.
- Transaction fees (Swap, Spread) depend on the account type and trading product the user chooses.
- Withdrawal request processing time: Although Tickmill does not charge withdrawal fees. However, the withdrawal request processing time may vary depending on the payment method and the exchange’s working hours. This can make withdrawals time-consuming for some traders.
Conclude
Above is a detailed article clarifying the question of Is the Tickmill scam real. Thus, Tickmill is considered a reputable and reliable trading exchange in the financial industry. Hopefully, through this article of Learn Forex Trading, traders will have more new and useful information.
FAQ
Can users open a demo account with Tickmill?
Tickmill offers a demo account that allows traders to practice trading with virtual money. This is a great way to get acquainted with the platform and test your trading strategy without risking real money.
How can users deposit and withdraw money from a Tickmill account?
Tickmill offers a variety of deposit and withdrawal methods. Includes wire transfers, credit/debit cards, and popular cryptocurrency wallets. The convenience of these methods may vary depending on the user’s geographic location.
Is Tickmill suitable for beginners?
Tickmill serves investors at all levels. However, newbies need to educate themselves about trading and risk management before getting started. A demo account is a valuable tool for new investors to practice and learn.
