Tickcopy Review

About Tickcopy

Tickcopy is not authorised or regulated by any recognised financial authority. Claims of regulation by the Australian Securities and Investments Commission (ASIC), including references to Australian company number 001287576, are unsubstantiated: the ASIC registry associates that number with AXFXPV PTY LTD, not Tickcopy or Tickcopy Group (). The company is registered in Saint Vincent and the Grenadines, a jurisdiction that does not regulate forex brokers ().

Tickcopy offers three account types—Standard, ECN, and VIP—with minimum deposits of USD 500, USD 1,000, and USD 30,000, respectively. The Standard account features spreads starting from 1.6 pips and leverage up to 1:100; the ECN account offers spreads from 0.0 pips, leverage up to 1:500, and commission USD 1.9 per side per USD 100,000; the VIP account provides spreads from 0.0 pips, leverage up to 1:100, and commission USD 1.8 per side per USD 100,000 ().

Trading is conducted via MetaTrader 4. The broker claims support for cryptocurrencies as the only practical method for deposits and withdrawals; bank transfers and other payment methods are advertised but not available in practice. Withdrawal policy includes a 3% fee if no trades have occurred since deposit, plus a monthly inactivity fee of USD 5 ().

Pros and cons

Pros

• Supports MetaTrader 4 platform
• Multiple account types with tiered spreads and commissions

Cons

• Unregulated; no licence in any recognised jurisdiction
• Claims of ASIC regulation are false
• Registered in SVG, which does not supervise forex brokers
• Deposits via cryptocurrency only, with associated risks
• Withdrawal restrictions and fees present