Tickmill: Is This Broker Really Safe for Malaysians?

In the fast-moving world of online forex trading, many brokers advertise themselves as safe and globally regulated. Tickmill is one such name. On the surface, it carries respected licences from the FCA in the United Kingdom, CySEC in Cyprus, and the FSCA in South Africa, and even holds a WikiScore of 7.76 out of 10 on WikiFX. These details can easily give the impression of security and reliability. Yet, a deeper look through WikiFX and the Securities Commission Malaysias Investor Alert List tells a different story which Malaysian traders must not ignore.

The WikiScore: 7.76 Out of 10

Tickmill‘s WikiScore of 7.76 may look decent, but it is not flawless. WikiFX factors in elements such as regulatory standing, complaints, and overall transparency when calculating the score. That means the score reflects not only Tickmill’s global licences but also the growing concerns raised by its clients.

View WikiFXs full review on Tickmill here: https://www.wikifx.com/en/dealer/0001623491.html

The Licensing Puzzle

Tickmill operates with multiple licences:

• FCA, United Kingdom: Market Maker (MM), Regulated

• CySEC, Cyprus: Market Maker (MM), Regulated

• FSCA, South Africa: Retail Forex Licence, Regulated

While these licences appear legitimate, Malaysian traders must remember one important fact: any protections offered under FCA, CySEC, or FSCA oversight may not apply to Malaysian investors.

Worse still, the SC has already listed Tickmill on its Investor Alert List, a clear signal that the broker has been found soliciting or operating in Malaysia without approval.

Why Being on SCs Investor Alert List Matters

The Securities Commission Malaysia maintains an Investor Alert List to warn the public about entities that are either unlicensed or have been soliciting illegally in Malaysia. Tickmills presence on this list should serve as a powerful warning to Malaysian investors.

It is important to note that being on this list does not happen by accident. The SC monitors suspicious activities and places names on the list after receiving evidence of misconduct. In the case of Tickmill, its listing strongly indicates that Malaysian traders are at risk when dealing with the broker.

Complaints from Traders

WikiFXs Exposure page highlights several troubling reports from users who have dealt with Tickmill. Among the most common complaints:

• Withdrawal problems: Multiple traders have reported that withdrawing funds was difficult or delayed, with excuses provided by the brokers support team. Some cases describe money being withheld without a clear explanation.

• Unfair trading conditions: Clients have claimed that sudden spread changes and slippage worked against them, causing unexpected losses.

• Account restrictions: Certain traders reported that their accounts were restricted or closed after profitable trades, leaving them unable to access their funds.

• Poor customer support: Many users described the brokers support as slow, unhelpful, or dismissive when serious problems occurred.

These cases show that, while Tickmill may carry several licences, traders have faced real difficulties with transparency, fairness, and fund access.

Lessons for Malaysian Traders

The story of Tickmill highlights some key lessons for Malaysian investors:

1. Check for SC approval first. No matter how impressive a brokers global licences look, if it is not approved by the SC, it is not safe for Malaysians.

2. Do not ignore complaints. Reports of withdrawal problems and unfair trading practices should always raise concerns, even when a broker has a strong international profile.

3. Do not be misled by WikiScores alone. A 7.76 rating is decent but not without risks. Traders must dig deeper into what drives the score and understand that even highly rated brokers can face serious complaints.

4. Investor Alert List is a red flag. Once a broker appears there, Malaysian traders should treat it as a serious warning sign.
   

Reminder for Malaysian Traders

Tickmill may be licensed in multiple countries and carry a WikiScore above 7.7, but for Malaysians, these details do not equal safety. The fact that the broker is on the Securities Commission Malaysias Investor Alert List, combined with the growing number of trader complaints on WikiFX, should be a clear signal to avoid placing trust in this platform.

Anything less is a gamble that could cost dearly.

At WikiFX, our mission is to empower investors with the knowledge and tools required to make safe, informed decisions. When selecting an overseas broker, we strongly advise exercising due diligence and, wherever possible, choosing one regulated by a reputable authority such as Australia‘s ASIC, the United Kingdom’s FCA, or other recognised regulators.

Should you fall victim to fraudulent activity, it is essential that you act without delay. We recommend reporting the matter to the police or consulting a qualified solicitor, as well as contacting your local consumer affairs office.

To further support investors, the WikiFX app delivers daily push notifications highlighting brokers identified as posing withdrawal risks. For timely updates and reliable protection, we encourage you to download the app.