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For more information about NEW TICK Forex Broker company profile, come to WikiBit!

Rating Index

Pros

Multiple account type options provide flexibility for different trading styles.
The broker has been established since 2017, suggesting some level of experience in the market.
Expert Advisors (EAs) are supported, allowing for automated trading strategies.

Cons

The broker has a low WikiFX score, indicating potential trust issues.
Customer service responses may have long waiting times, which can be frustrating for traders.
New Tick is unregulated, posing higher risks for investors regarding fund safety and security.

NEW TICK Company

New Tick Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

New Tick Company, commonly referred to as Tickmill, was established in 2015. The company emerged as a significant player in the online trading landscape, focusing on providing competitive trading conditions and a wide range of financial instruments.

Parent Company/Ownership Structure

Tickmill operates under the ownership of Tickmill Ltd, which has established several entities across different jurisdictions to cater to a global clientele. This structure allows Tickmill to offer tailored services based on regional regulations and market conditions.

Headquarters Location

The headquarters of New Tick Company is located in London, England. This strategic location positions the company within one of the world's leading financial hubs, facilitating access to a diverse range of financial markets.

Global Business Scope

Tickmill operates on a global scale, servicing clients in over 180 countries. The company offers a wide array of trading instruments, including forex, stocks, commodities, and cryptocurrencies, catering to both retail and institutional clients.

Main Regulatory Bodies

Tickmill is regulated by several prominent financial authorities, including:

  • Financial Conduct Authority (FCA) in the UK
  • Financial Services Authority (FSA) in Seychelles
  • Cyprus Securities and Exchange Commission (CySEC)

These regulatory affiliations ensure that Tickmill adheres to strict financial guidelines, providing clients with a secure trading environment.

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2. Company History and Development

Key Milestones

Since its inception, Tickmill has achieved several key milestones:

  • 2015: Launch of Tickmill as a forex and CFD broker.
  • 2016: Received the "Most Trusted Forex Broker" award at the Chinese Forex Expo.
  • 2018: Awarded "Best Forex Execution Broker" at the UK Forex Awards, solidifying its reputation in the industry.

Business Expansion Journey

Tickmill has expanded its services to include various trading platforms, such as MetaTrader 4 and MetaTrader 5, enhancing user experience and accessibility. The company has also broadened its product offerings to include CFDs on commodities, indices, and cryptocurrencies, catering to a wider audience.

Customer Base Growth

Tickmill has experienced substantial growth in its customer base, with over 490,000 satisfied clients and an average monthly trading volume exceeding $140 billion. This growth is attributed to its competitive pricing, low spreads, and robust trading conditions.

Platform Development History

The company has continuously improved its trading platforms, integrating advanced features and tools to enhance trading efficiency. The introduction of mobile trading apps has further allowed clients to trade on-the-go, reflecting the company's commitment to innovation.

Important Awards or Recognitions Received

Tickmill has garnered numerous accolades, including:

  • "Best Forex Trading Conditions" at the UK Forex Awards (2017)
  • "Best ECN/STP Broker" at the Chinese Forex Expo (2016)

    These awards highlight Tickmill's commitment to providing exceptional trading conditions and customer service.

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3. Trading Services Offered

Forex Trading Options

Tickmill offers an extensive selection of over 60 currency pairs, including major, minor, and exotic pairs. This variety allows traders to capitalize on diverse market opportunities.

Stock Trading Options

While Tickmill does not provide CFDs on individual stocks, it offers CFDs on major stock indices, including the S&P 500, FTSE 100, and Dow Jones, enabling clients to trade on the performance of entire markets.

CFD Trading Products

Tickmill provides a comprehensive range of CFD trading products, including:

  • Commodities: Oil, gold, and silver
  • Indices: Major global indices
  • Cryptocurrencies: Bitcoin, Ethereum, and other popular digital currencies

Other Financial Instruments

In addition to forex and CFDs, Tickmill allows trading in various financial instruments, including bonds and futures. This diverse offering caters to different trading strategies and risk appetites.

Special Services or Unique Advantages

Tickmill offers several unique advantages, such as:

  • Low Spreads: Starting from 0.0 pips on certain accounts.
  • Fast Execution: Average execution times of 0.15 seconds.
  • No Requotes: Providing a seamless trading experience without interruptions.

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Detailed Regulatory Information

Tickmill is regulated by several respected authorities, which include:

  • FCA (UK)
  • FSA (Seychelles)
  • CySEC (Cyprus)

These regulatory bodies impose stringent rules to protect traders and ensure fair trading practices.

Tickmill operates through different legal entities based on geographic regions:

  • Tickmill UK Ltd: Regulated by FCA, serving clients in the UK and EU.
  • Tickmill Ltd: Based in Seychelles, offering higher leverage options.
  • Tickmill Europe Ltd: Regulated by CySEC, catering to clients in the EU.

Client Fund Protection Measures

Tickmill offers client fund protection through segregated accounts, ensuring that clients' funds are kept separate from the company's operational funds. This measure enhances the safety of client deposits.

Countries/Regions Served

Tickmill serves clients in over 180 countries, making its services accessible to a global audience. However, it is important to note that some jurisdictions may have restrictions on trading activities.

Compliance History

Tickmill maintains a strong compliance history, adhering to the regulations set forth by its governing bodies. The company has not faced any major investigations or disputes, reflecting its commitment to ethical trading practices.

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5. Competitive Landscape

3-5 Main Competitors

Tickmill operates in a competitive landscape with several notable competitors, including:

  • IG Group: A well-established broker known for its extensive trading options.
  • Oanda: Offers a wide range of forex pairs and a user-friendly platform.
  • Pepperstone: Recognized for its low spreads and fast execution.

Positioning in the Industry

Tickmill positions itself as a broker that prioritizes low trading costs, fast execution, and excellent customer service. Its competitive pricing and regulatory compliance make it an attractive choice for both novice and experienced traders.

Market Differentiation Factors

Tickmill differentiates itself through:

  • Low Spreads: Competitive spreads starting from 0.0 pips.
  • Execution Speed: Fast order execution times, enhancing trading efficiency.
  • Regulatory Compliance: Strong regulatory framework providing clients with confidence in their trading activities.

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In conclusion, New Tick Company (Tickmill) has established itself as a reputable broker in the online trading industry, offering a wide range of trading services, robust regulatory compliance, and competitive trading conditions. With a focus on customer satisfaction and continuous improvement, Tickmill is well-positioned to serve the evolving needs of traders worldwide.

For those interested in learning more about Tickmill's offerings and services, please refer to the appropriate links provided throughout this article.