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Tickmill expands to Europe with a UK forex license

Global NDD brokerage Tickmill has officially launched its services in the UK and Europe on Tuesday, as its subsidiary Tmill UK Ltd. acquired a license with the UK Financial Conduct Authority (FCA).

“It is indeed a great honor to be working with the Tickmill team,” said Duncan Anderson, appointed as CEO of the broker’s UK operations. “With a proven track record of strong financial results and stable growth, evidenced by the record-high monthly trading volume of $51.7 billion posted in July, the Company has put itself in an enviable position as a market leader and innovator.”

Tickmill was established in 2014 and also holds a license by the Financial Services Authority (FSA) of the Seychelles. The brokerage already has a strong presence in key markets in Asia, the Middle East and Africa. It offers excellent trading conditions, superior execution speed and personalized customer support with a focus on algorithmic trading. Now legally expanding its reach in the UK and Europe, the brokerage expects strong interest from professional algo-traders.

Indeed, Tickmill’s trading conditions seem very attractive: minimum initial deposit is just $25 and you get to trade in a true ECN environment with leverage up to 1:500, spreads staring from zero and a small commission ($2/lot) on the popular MetaTrader 4 platform. The only thing that was missing in the brokerage’s offering was security of client funds and strong regulation. With the FCA authorization, Tickmill offers traders everything they need.

FCA is one of the world’s most respected regulatory bodies, within which the most prominent financial services firms operate. FCA regulated brokers must adhere to the strictest financial standards, including capital adequacy requirements, full segregation of client funds and transparency of business operations.

Regulation by FCA also involves additional guarantee to clients’ funds, since they fall under the Financial Services Compensation Scheme (FSCS). FSCS’s maximum compensation cover is £50,000 per person in the event that a broker becomes insolvent or ceases trading.

 

TAGS: tickmill  tmill  license  regulation  uk 

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