Tickmill is a forex and CFD broker offering online trading services to traders and investors worldwide. The broker provides a diverse range of trading instruments, including Forex, stock, indices, commodities, bonds, cryptocurrencies, Futures & options. It also supports multiple trading platforms and tools such as MetaTrader 5, MetaTrader 4,MetaTrader WebTrader Platform,MetaTrader for Mac, and Tickmill Mobile App.
Tickmill is regulated by several authoritative bodies such as FCA, DFSA, FSCA, CySEC, FSA- Labuan, FSA-S. However, Tickmill is not regulated by the FINMA ( The Financial Market Supervisory Authority). In this article, we will explore Tickmill’ regulations, and its features, and provide a list of alternative brokers that are regulated by FINMA.
Does Tickmill Operate Under FINMA?
No, Tickmill does not operate under FINMA (The Financial Market Supervisory Authority) regulation. However, the broker is regulated by several other reputable financial authorities including FCA, DFSA, FSCA, CySEC, FSA- Labuan, FSA-S. These regulatory bodies ensure compliance with various standards for financial stability, transparency, and investor protection, though they do not provide the specific protections offered by the FINMA in Switzerland.
What Other Regulations Does Tickmill Have?
CySEC (Cyprus Securities and Exchange Commission):
Tickmill is regulated by CySEC. Established in 2001, Cysec is Cyprus’s financial regulator. Since Cyprus joined the European Union in 2004, CySEC’s regulations align with the MiFID directive, ensuring compliance with EU-wide financial standards and investor protection. This regulation allows the broker to offer services across the European Economic Area (EEA) under the MiFID II directive, ensuring investor protection and transparency. CySEC regulation requires brokers to follow strict guidelines for handling client funds, including segregation and periodic reporting.
segregated accounts, and there is an emphasis on risk disclosure and trader protection.
FCA (Financial Conduct Authority)
Tickmill is regulated by the Financial Conduct Authority (FCA) in the UK under license number 684312. The FCA, established in 2013, is responsible for regulating financial markets and firms in the United Kingdom.
The FCA requires Tickmill to adhere to strict guidelines for financial conduct, including maintaining adequate capital, safeguarding client funds, and ensuring transparency in its operations. This includes keeping client money separate from company funds and providing regular financial reports. FCA regulation helps ensure that Tickmill operates securely and fairly, offering a high level of protection and trust for clients in the UK and across Europe.
DFSA (Dubai Financial Services Authority):
Tickmill is regulated by the DFSA. Established on 13 September 2004, DFSA is the regulatory body for financial services within the Dubai International Financial Centre (DIFC). It oversees a range of financial activities, including forex trading, and ensures compliance with its regulations through a framework of rules and guidelines. The DFSA provides a high standard of investor protection and requires firms to meet rigorous operational standards. For more details, you can visit the DFSA website.
CMA (Capital Markets Authority – Kenya):
Tickmill is licensed and regulated by the CMA in Kenya. Founded in 1989, The CMA of Kenya regulates the Kenyan capital markets, including forex trading. The CMA allows a maximum leverage of 1:400 and ensures that financial institutions adhere to standards for transparency, fairness, and investor protection. It is operated by the Kenyan government. For more information, visit the CMA website.
SCB (Securities Commission of The Bahamas):
Tickmill is also regulated by SCB. Established in 1995, SCB regulates and oversees the financial services industry. The SCB ensures that Tickmill follows guidelines for maintaining adequate capital, protecting client assets, and ensuring transparent operations for clients from various regions, particularly those outside Europe and Australia.
FSCA
Tickmill is regulated by the Financial Services Board (FSB) of South Africa. The FSB, established in 1990, was the financial regulatory authority in South Africa responsible for overseeing non-banking financial institutions before being replaced by the Financial Sector Conduct Authority (FSCA) in 2018.
Under FSB regulations, Tickmill was required to maintain strict standards, including holding adequate capital, protecting client funds by segregating them from company assets, and ensuring transparency through regular financial reporting. This regulation helped ensure that Tickmill operated securely and reliably, offering a safe trading environment for clients in South Africa.
FSA-S
Tickmill is regulated by the Financial Services Authority (FSA) of Seychelles under. The FSA, established in 2013, oversees the financial services sector in Seychelles to ensure compliance with regulatory standards and to protect investors.
The FSA requires Tickmill to adhere to guidelines for managing client funds, which include keeping client money separate from company funds and providing regular financial reports. This regulation helps ensure that Tickmill operates securely and transparently, particularly for clients in Seychelles, and maintains a trustworthy trading environment.
FSA- Labuan
Tickmill is regulated by the Labuan Financial Services Authority (FSA) in Malaysia, operating under the regulatory framework established for Labuan International Business and Financial Centre. Founded in 1995, the FSA is responsible for overseeing financial services in Labuan, aiming to promote and regulate a robust financial environment.
As a regulated entity under the FSA, Tickmill must comply with strict guidelines that include maintaining adequate capital reserves, safeguarding client funds, and ensuring transparency in its operations. The FSA allows a maximum leverage of 1:100, and it provides forex supervision, ensuring that trading practices adhere to industry standards. Client funds are kept in segregated accounts, separate from the company’s assets, reinforcing the security of client investments. By adhering to these standards, Tickmill offers clients confidence in its commitment to integrity and reliability, providing a trustworthy trading platform for clients in Malaysia and beyond. For more information, you can visit the FSA’s website at Labuan FSA.
Best FINMA Regulated Forex Brokers: Alternatives to Tickmill
Tickmill is one of the leading forex and CFD brokers. The broker is not regulated by FINMA. It is regulated by other top-tier regulators including FCA, DFSA, FSCA, CySEC, FSA- Labuan, FSA-S. There are several FINMA regulated brokers that can serve as alternatives to Tickmill. These brokers include:
Affiliate Table: 5 FINMA-Regulated Forex Brokers
These brokers operate under FINMA regulation. According to FINMA rules, they offer leverage up to 30:1 and provide negative balance protection for retail traders. To learn more about FINMA-regulated forex brokers, you can read our content on the best FINMA -regulated forex brokers.
How Can I Verify If My Broker is regulated by FINMA or Not?
How Can I Verify If My Broker is FINMA Regulated?
Here’s a detailed explanation of how to verify if your broker is regulated by FINMA, with expanded paragraphs under each subheading:
1. Find the Broker’s Name:
The first step in verifying your broker’s regulatory status is identifying their legal name. This information is typically available on the broker’s official website under sections like “About Us” or “Legal Information.” Make sure you’re using the broker’s full legal name, not just the brand name, as companies often operate under multiple names or subsidiaries. Having the exact name ensures an accurate search when you look up their registration with FINMA.
2. Visit the FINMA Website:
Once you have the broker’s legal name, visit the official website of FINMA. The Swiss Financial Market Supervisory Authority maintains a public register where you can find all authorized institutions and individuals. This register is a reliable source for confirming the legitimacy of brokers and other financial institutions operating under FINMA’s supervision. You can access it through this link: FINMA Licensed Institutions and Persons Page.
3. Enter the Broker’s Name:
On the FINMA website, you will find a search bar designed for checking the authorization status of financial firms. Enter the broker’s full legal name in this search bar. Make sure you input the name exactly as it appears on the broker’s official website. A precise search is crucial to ensure you are checking the correct entity, as some brokers may have similar or overlapping names.
4. Select the Category:
To refine your search and get the most relevant results, choose the appropriate category from the drop-down menu. For forex brokers, you should select “Banks and Securities Firms” as the category. This narrows down the search to firms that are authorized to offer forex and other securities trading services under FINMA’s regulation. Selecting the right category helps avoid confusion with other types of financial service providers.
5. Check the Broker’s Information:
Once the results are displayed, examine the broker’s profile on the FINMA website. Compare the information provided by FINMA with what’s available on the broker’s website. Look for details like the broker’s full name, address, and license status. It’s important to confirm that the broker is authorized as a bank or securities firm by FINMA, as this is a key requirement for offering forex trading services in Switzerland. If the broker is not listed or does not hold the necessary license, you should be cautious, as they may not be legally allowed to provide forex services. In such cases, it’s advisable to avoid dealing with that broker
Frequently Asked Questions ( FAQs)
What is Tickmill?
Tickmill is a global broker that boasts 668,000 registered accounts from over 200 countries. Founded in 2014, the broker enables the trading of over 500 forex and CFD instruments on its MetaTrader platforms. Autochartist, Daily market outlook, signal center tools, advanced trading toolkit, etc are some of the tools provided for traders.
Is Tickmill Considered Safe?
Yes, Tickmill is considered safe. Tickmill is not regulated by FINMA. However, The broker is regulated by other reputed regulatory authorities including FCA, DFSA, FSCA, CySEC, FSA- Labuan, FSA-S. These regulations ensure strict compliance with industry standards and provide protection for client funds.
