Global Broker Regulation Inquiry App
About WikiFX

All(101)

Positive(39)

Neutral(5)

Exposure(57)

Exposure
Warning to traders: Documented complaint against TICKMILL
⚠️ Warning to Traders – Documented Complaint Against TICKMILL Regarding Negative Balance Protection. I am sharing my personal experience with TICKMILL – Seychelles (FSA Licence SD008), and I have attached a screenshot of my account documenting the transaction in question. Here's what happened: I had approximately $100 in my trading account. At the market opening, there was a sharp price movement/gap, and the losses exceeded the funds in my trading account, resulting in a negative balance of approximately -$450. I was then surprised to find that TICKMILL had transferred $190 from my Wallet to my trading account. The attached screenshot clearly documents the transaction: Transfer to Trading Account: -$190.00 From: $ Wallet To: MT5 Trading Account Date: 20/07/2026. My main objection is this: TICKMILL advertises on its website that it provides Negative Balance Protection to all clients. In fact, TICKMILL itself provides a very similar example to what happened to me: If a price gap occurs at the market opening and the loss results in a negative account balance, the company states that it covers such cases with Negative Balance Protection. The company also mentions that one instance where this protection might be denied is if the negative balance is due to Fraudulent Activity or Market Abuse. Therefore, I demand that TICKMILL. answer publicly: Why was $190 taken from my account to cover part of the negative balance, instead of applying the Negative Balance Protection the company advertises? I demand that the company clarify the following: 1. Does TTICKMILL consider my situation not covered by Negative Balance Protection? 2. If not, what is the reason and the specific clause the company based its decision on? 3. Does the company claim that I engaged in any Fraudulent Activity or Market Abuse? If the answer is no, why was the advertised protection not applied? 4. How does the company explain its use of clause 13.3 of the Client Service Agreement, which allows netting between client accounts under certain circumstances, while simultaneously stating that Negative Balance Protection covers situations where an account goes negative due to market conditions and price gaps? I am not contesting the loss of the $100 that was originally in my trading account. My objection is to the additional funds withdrawn from my wallet after the losses exceeded the account balance and the account went negative. This is a crucial point because Negative Balance Protection is supposed to intervene when losses exceed the account balance due to market conditions. I have a screenshot from TICKMILL's own portal showing a transfer of $190.00 from my $Wallet to my MT5 account on 07/20/2026 at 14:28:37. I also have the trading records and transactions related to this case. Therefore, I demand that TICKMILL return the $190 to my wallet or provide a formal, written explanation of why Negative Balance Protection was not applied to my account and what the contractual basis for this is. If a satisfactory explanation and resolution of the issue are not provided, I will submit the evidence, transaction records, and correspondence in a formal complaint to the Financial Services Authority of Seychelles (FSA), the regulatory body for TICKMILL. Note: The above is a description of my personal experience and my objection to the documented transaction in my account, and does not constitute a final court judgment that the company committed fraud. I demand that TICKMILL provide a clear answer: Why was $190 deducted from my wallet if the company claims to offer Negative Balance Protection in cases of negative balances resulting from market conditions?
FX7932507032
In a week
Exposure
टिकमिल के दुर्भावनापूर्ण स्प्रेड की वजह से मुझे 480,000 रुपये का नुकसान हुआ। जब भारतीय रिज़र्व बैंक ने अपनी ब्याज दर संबंधी घोषणा की, तो मैंने USD/INR पर 83.50 का स्टॉप-लॉस लगाया। बाज़ार अचानक पाँच सेकंड के लिए रुक गया, और जब वह संभला, तो उसने 83.80 पर एक ट्रेड दिखाया—30 अंकों की असामान्य गिरावट। इससे मुझे 60,000 रुपये का नुकसान हुआ, जो 2,000 मीटर सूती धागे की कीमत के बराबर है। मेरे 15 में से 11 ट्रेड 25 अंकों से ज़्यादा गिर गए, जिससे कुल 525,000 रुपये का नुकसान हुआ। हालाँकि, मैं ICICI बैंक के प्लेटफ़ॉर्म पर भी ट्रेडिंग कर रहा था, और स्प्रेड लगातार 5 अंकों के दायरे में रहा। सेबी की जाँच से पता चला कि टिकमिल भारत में पंजीकृत भी नहीं है; इसका तथाकथित "नियमन" केवल सेशेल्स FSA द्वारा किया जाता है—बिल्कुल दिल्ली की सड़कों पर नकली डिप्लोमा बेचने वालों की तरह। इस ब्रोकर पर मेरी तरह भरोसा मत करना।
FX3831294706
Verified
2025-08-28
Write a Review
  • Say something
    Comment

    Most Comments (Week)

    • SBCFX

    • XORKETS FX

    • Warren Bowie & Smith

    • WHITEFOREX

      4
    • FBS

      5
    • MAKE CAPITAL

      6
    • Cronika

      7
    • Opofinance

      8
    • IG

      9
    • Prime Forex

      10

    To view more

    Download the WikiFX App

    Select Country/Region
    United States
    ※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
    You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
    consumer hotline:006531290538
    Official Email:support@wikifx.com;
    Mobile Phone Number:234 706 777 7762;61 449895363
    Telegram:+60 103342306
    Whatsapp:+852-6613 1970;
    License or other information error corrections, please send the information to:qa@wikifx.com
    Cooperation:business@wikifx.com