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Stability and reliability of Tickmill

Your expert
Adam N.
Fact checked by
Updated
Jan 2024
Personally tested Personally tested
Data-driven Data-driven
Independent Independent

Can I trust Tickmill for long-term investment as of January 2024?

In short, yes, Tickmill can be trusted, as it is regulated by at least one top-tier financial authority. But is it the best for long-term investment?

If you want to invest for the long term but avoid the hassle of having to switch brokers often, you'll need a broker that will still be around in 10-20 years' time. This is something that's impossible to predict for certain, but a broker's age and its background are among a handful of clues that can tell you about its potential staying power.

Tickmill was founded in 2,014 and does not have a banking background. Read on to see what this means for you and how this compares to the rest of the field.

My key findings in a nutshell
Adam
Adam Nasli
Financial Wizard | Trading • Safety • Market Analysis

I've thoroughly tested Tickmill services with our analyst team by opening a real-money account and these are my most important findings:

  • Tickmill was founded in 2,014; a good track record but yet to be tested by a major crisis
  • Tickmill lacks the added security provided by a banking background
  • Top-tier regulation is essential; stock-exchange listing is a plus
Tickmill stability
Regulation
Great
Banking background
No
Listed on stock exchange
No
Foundation date
2,014

Data updated on January 24, 2024

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4.4 4.4 /5
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Is Tickmill a well established broker?

The online brokerage market itself is relatively new, so you won't find many players that have been around for decades, unless they started out offline. The last few years in particular have seen a lot of newcomers, especially in the discount broker segment. Still, how long a broker has existed says a lot about its resilience in the face of market troubles and about the strength of its business model.

Tickmill was founded in 2,014. It has successfully navigated the market volatility and the surge in client interest triggered by the Covid-19 pandemic, the 2021 GameStop market frenzy and the rise of crypto. However, it has yet to be tested by a major market upheaval like the 2008-09 financial crisis. To have a better idea of the stability of its operations, check out other criteria such as its background or the strength of its regulation (see more on these later).

There are many aspects that can influence your broker choice, including fees, platform quality or the range of products available for trading. But, all other factors being equal, a broker with a longer track record is probably a better choice for long-term investment.

Tickmill and competitors foundation date
XM
Foundation date
2,014 2,009 2,001

Data updated on January 24, 2024

Does Tickmill have a banking background?

No, Tickmill doesn't have a banking background.

Why is this important? A broker with a banking license (or with a bank as its parent company) means that it has met stricter criteria when it comes to having sufficient capital and handling client deposits. Also, many of the banks that are behind online brokers have operated for decades, a potential sign that their brokerage operations could be around long enough in the future to handle your long-term investments.

Still, having a banking background is not an ultimate guarantee of long-term stability, as banks can also sometimes go bankrupt, or simply make a business decision to cease their brokerage activities.

The majority of online brokers (including most brokers reviewed by BrokerChooser) do not have a banking background, so it probably shouldn't be a make-or-break criterion when selecting a broker. Instead, treat this as an additional layer of security and added proof of long-term broker stability.

Tickmill and competitors banking background
XM
Banking background
No No No

Data updated on January 24, 2024

Other aspects of long term broker stability

One consideration that should be near the top of your list when sizing up the stability and trustworthiness of a broker is regulation. We at BrokerChooser only feature brokers that are regulated by at least one top-tier financial authority.

Tickmill is regulated by the following financial authorities: FCA in the UK.

It is also worth checking whether a broker is listed on a stock exchange. A stock exchange listing requires a broker to disclose its financial information publicly, and in general operate transparently. Having gone through this process is a sign that the broker is taking its mission seriously and is positioning itself to stick around for the long term.

Only a small minority of online brokers are listed on a stock exchange, so you probably shouldn't automatically rule out the ones that aren't. Rather, you should view this as a plus when assessing a broker's long-term trustworthiness.

Tickmill and competitors stock exchange listing
XM
Listed on stock exchange
No No No

Data updated on January 24, 2024

Best brokers for long-term investment

Do you want to zoom out and pick the best broker for long-term investment based on a full set of criteria including fees, trading platform experience and product selection? Look no further than our list of the best brokers for buy-and-hold investors.

Check out this short video for a behind-the-scenes peek into how our experts personally test and evaluate brokers.

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Further reading

Author of this article

Adam Nasli

Financial Wizard | Trading • Safety • Market Analysis

I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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