Tickmill — review & details
Tickmill Ltd under the Seychelles Financial Services Authority is the entity that would hold a Cameroonian account. The FCA and CySEC licences the brand is known for sit over other entities and cover other clients.
Tickmill
★★★★☆
Tickmill Ltd, Financial Services Authority of Seychelles (SD008). FCA UK (717270), CySEC (278/15) and FSCA South Africa (49464) entities do not cover Cameroonian clients.
Regulator (Local Clients)
No XAF account currency verified; assume funding in a major currency.
Local Currency Support
Margin trading on the group's platforms; the exact list was not read during this research.
Platforms
Traders who want to see exactly which entity would hold their money before opening an account.
Best For
forex
Type
Pros
- Group structure and licence numbers are published in full, so the offshore reality is easy to check.
- Cameroon is not among the jurisdictions Tickmill says its services are not directed at.
- A tier-one authorisation exists elsewhere in the group, a useful signal about the operator even though it does not protect you.
Cons
- Most retail investors lose money trading leveraged products, and Tickmill warns that losses can exceed your initial investment.
- Seychelles FSA regulation offers limited protection and no compensation scheme to a Cameroonian client.
- There is no Cameroonian or CEMAC licensing regime for retail forex, so a dispute would have to be pursued in Seychelles, and transfers out of the CEMAC zone may be restricted - check with your bank first.
Fees, eligibility & documents
Fees
Spreads and commissionsNot verified in this research; compare account types on Tickmill's own site.
Funding and conversion costsNot verified; XAF conversion and cross-border transfer costs are likely to dominate.
Eligibility
- Aged 18 or over and not resident in Singapore, the United States, Iran, India or Japan.
- Able to pass identity and address verification.
- Able to fund an offshore account from Cameroon within CEMAC transfer rules.
Documents needed
- Government-issued photo ID (passport or CNI)
- Recent proof of address
- Payment-method verification where requested
How Tickmill compares in forex & cfd brokers
| Tickmill | FXTM (ForexTime) | |
|---|---|---|
| Regulator (Local Clients) | Tickmill Ltd, Financial Services Authority of Seychelles (SD008). FCA UK (717270), CySEC (278/15) and FSCA South Africa (49464) entities do not cover Cameroonian clients. | Exinity Limited, Financial Services Commission of Mauritius (Investment Dealer C113012295); group also holds FSCA South Africa FSP 50320. No Cameroonian or CEMAC licence. |
| Local Currency Support | No XAF account currency verified; assume funding in a major currency. | No XAF account currency verified; assume funding in a major currency by card or e-wallet. |
| Platforms | Margin trading on the group's platforms; the exact list was not read during this research. | Web and mobile trading platforms; the exact list was not read during this research. |
| Best For | Traders who want to see exactly which entity would hold their money before opening an account. | Cameroonians who want the covering entity named rather than a vague claim of being regulated. |
| Visit Tickmill → | Visit FXTM → |
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