Demo Account Guide
Demo Account Guide
R

Tickmill's Safety

N Neil Rampling United States Dec 1 2020

Is it safe to trade on Tickmill since it is being regulated by Seychelles?

R Ross
Singapore Dec 19 2020

Kylie: All of the above forex brokers accept clients from Indonesia. I recommend interactive broker and Saxobank.
This is the challenge faced by many Indonesian traders who have been able to consistently profit from trading and want to develop their accounts. Many brokers are licensed by top regulations, but when Indonesian traders register, they are directed to offshore regulators. That's why I wrote clearly the brokers above, because some of them are not stipulating offshore licenses. Interactive Brokers, Saxobank, Oanda, City Index, Swissquote do not have offshore licenses even when Indonesian traders register with them.

K Kylie
Indonesia Dec 10 2020

Ross: do they accept clients from Indonesia? what is the best broker according to your experience? Indeed, Tickmill UK is regulated by the FCA, but it's funny how clients from Indonesia are directed to offshore-regulated tickmill. 

R Ross
Singapore Dec 7 2020

Neil Rampling: Saxobank, Dukascopy, FXCM, Oanda, Swissquote, Forex.com, City Index, IG, ICmarkets, Vantage FX.

N Neil Rampling
India Dec 2 2020

Ross: So, which broker should I use?

R Ross
Singapore Dec 1 2020

Neil Rampling: In my opinion, it is not safe for large capital traders because the regulations from the SC (Seychelles) are not 100% safe. There is a more secure Tickmill regulation namely FCA UK, however, Tickmill UK cannot accept clients from outside the UK. Non-British citizens will be directed to the Seychelles-licensed tickmill.

R Rachel Lewis
Taiwan Apr 14 2021

Neil Rampling: It seems safe to use large funds on tickmill, I've seen a list of deposits with a $100,000. In Malaysia, traders also like tickmill since they have a specific account types for large capital traders. for me personally, I'm still trading on tickmill.

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