Question: What's the difference between Tickmill's FCA United Kingdom and FSA Seychelles?
Tickmill is a multi-licensed Forex broker
When you open Tickmill Official Website, you will see the following choices which each option specifies different entity within Tickmill group.
You may choose the entity appropriate for your country residence and trading style.
Visit Tickmill Official Website
Here are the main differences between the entities.
Tickmill UK Ltd – licensed by FCA
Traders’ accounts are protected by FSCS (Financial Services Compensation Scheme) which you could be entitled to compensation of up to £85000.
NBP (Negative Balance Protection) is supported for accounts and all financial instruments (which are offered by Tickmill’s group) are available.
Tickmill Europe Ltd – licensed by CySEC
Traders’ accounts are protected by ICF (Investor compensation fund) which you could be entitled to compensation of up to €20,000.
NBP (Negative Balance Protection) is supported for accounts.
Cryptocurrency pairs are not offered with this entity. (in 2018 November)
Tickmill Ltd – licensed by FSA SC
No compensation funds available.
NBP (Negative Balance Protection) is supported for accounts and all financial instruments (which are offered by Tickmill’s group) are available.
With this entity, you can take advantage of Bonus Promotions which include No Deposit Bonus, Deposit Bonus and Trading Contest.