Ticmill is a contract for difference (CFD) broker officially registered on March 28, 2024. The broker primarily provides users with a wide range of trading markets through its self-developed trading platform and mobile applications, including forex, stocks, futures, energy, precious metals, cryptocurrencies, CFDs, etc.
Corporate Registration Information and Regulatory Status:
Public information on Ticmill's official website indicates that its headquarters are located in New York, USA. Moreover, the broker is registered with and regulated by the United States National Futures Association (NFA) and the Financial Crimes Enforcement Network (FinCEN), with an NFA ID of 0561418 and an MSB registration number of 31000263262302.
Upon verification, the United States National Futures Association (NFA) identifies an enterprise entity with NFA ID 0561418 as SMART GLOBAL, which is registered as a non-member entity and is not regulated by the NFA. The FinCEN's official website shows that the enterprise with the MSB registration number 31000263262302 is also SMART GLOBAL. However, FinCEN's primary mission is anti-money laundering, and it does not provide regulation for ordinary financial derivatives trading. It is also unclear what the relationship between Ticmill and SMART GLOBAL is.
Additionally, the broker's official website has a webpage design and content nearly identical to those of BROKERNET AUSTRALIA PTY LTD, IVISION, ASEX, Nuoanda, Accel, XRB-MAX, and other brokers.
Opening an Account:
To open an account with Ticmill: visit the broker's official website, click "Register" on the homepage or the top right corner of the web page to enter the account registration page. First, an email verification is required. After the verification is passed, set a login password and submit. Once the application is submitted, the account registration is successful.
Trading Account Information:
Ticmill's official website only discloses information about spreads, trading leverage, margin call/stop-out levels, and contract sizes, while details on account types, trading commissions, minimum/maximum trading volume, maximum positions/orders, and minimum pricing precision are not published.
- Spread: Variable spreads
- Trading Leverage: 1:100—1:500
- Margin Call/Stop-Out Level: 100%/50%
- Contract Size: 1 lot = 100,000 currency units
Trading Platform:
Ticmill offers the ST5 trading platform to its users.
Deposits and Withdrawals:
Ticmill has not explicitly disclosed the supported methods for deposits and withdrawals, fees, or the minimum deposit and withdrawal amounts on its official website.
Summary:
Traderknows Encyclopedia warns investors that Ticmill is a forex scam website with opaque registration and regulatory information and is suspected of false advertising. The only way to contact this broker is through email, with very limited contact options. Its official website's design and content use the same template as those of BROKERNET AUSTRALIA PTY LTD, IVISION, ASEX, Nuoanda, Accel, and XRB-MAX. Traderknows Encyclopedia advises investors to choose brokers with transparent information, strong regulation, and a good reputation for investment activities to avoid unnecessary financial losses.
Currently, this broker is marked as "suspected of fraud" on Traderknows Encyclopedia.
