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The Virgin Islands|2-5 years|
MT5 Full License|Regional Brokers|High potential risk|


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MT4/5 Identification

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Server Name
TickPal-Live MT5
Server Location Singapore


+65 8754 8648
Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands.


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Broker Information


Company Name

Tickpal Limited



Platform registered country and region

The Virgin Islands

Company website

Pyramid scheme complaint


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Warning: Low score, please stay away!
Previous Detection : 2024-07-12
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Tickpal · Company Summary

Aspect Information
Registered Country/Area British Virgin Islands
Founded year Not specified
Company Name Tickpal
Regulation None
Minimum Deposit Not specified
Maximum Leverage Up to 1:33 (most instruments)
Spreads Variable (specifics not provided)
Trading Platforms Tickpal platform
Tradable assets Cryptocurrencies, forex, stocks, commodities, indices (specifics not provided)
Account Types Micro Account, Mini Account, Silver Account, Gold Account, Platinum Account, VVIP Account
Demo Account Not specified
Islamic Account Not specified
Customer Support Email, phone, Skype
Payment Methods Not specified
Educational Tools Not specified


Tickpal is an international online trading platform claiming to offer various trading products, including cryptocurrencies, forex, stocks, and commodities. However, it raises multiple red flags, such as lacking registration and regulation, limited transparency with no information about the company or founders, and a vague description of trading conditions. The website's amateurish appearance, absence of user feedback, and inclusion in high-risk/scam lists further amplify concerns about its legitimacy. Caution is strongly advised, and potential users should avoid depositing any funds until the platform's trustworthiness and authenticity can be verified. Engaging with unregulated or potentially fraudulent platforms like Tickpal poses a significant risk of financial loss.




Tickpal operates without any regulatory oversight, meaning it is not subject to supervision by financial authorities. Regulations in the financial industry are designed to protect consumers and ensure fair practices. Without regulation, there is no guarantee that Tickpal adheres to industry standards, potentially exposing users to higher risks regarding fund security and dispute resolution. Users should exercise caution and carefully consider the potential risks before engaging with an unregulated platform like Tickpal.

Market Instruments

Tickpal claims to offer a variety of trading instruments, including foreign exchange (forex), commodities, futures, indices, and cryptocurrencies. However, specific details about these instruments, such as the available assets, trading volumes, spreads, and other relevant parameters, are not provided on the website. The lack of transparency regarding the market instruments raises concerns about the broker's legitimacy and the overall quality of its trading services.

The availability of forex trading suggests that Tickpal allows users to participate in the global currency exchange market, where they can trade major, minor, and exotic currency pairs. Commodities trading likely involves contracts for difference (CFDs) on various commodities like gold, oil, silver, and agricultural products. Futures trading would involve CFDs on futures contracts, which are agreements to buy or sell an asset at a predetermined price and date in the future. Indices trading may offer CFDs on stock market indices, allowing traders to speculate on the overall performance of specific markets.


The inclusion of cryptocurrencies indicates that Tickpal allows users to trade digital assets like Bitcoin, Ethereum, and other altcoins. Cryptocurrency trading is known for its high volatility, and traders often seek opportunities to profit from price movements in these digital assets.


However, due to the lack of specific information and the warning signs mentioned earlier, it is crucial for potential users to be cautious about the available trading instruments on Tickpal. Without clear and detailed information about each market instrument and the platform's legitimacy, users may face significant risks when participating in trading activities.

Below is a table that illustrates the various market instruments that Tickpal claims to offer. Please note that this table is based on the general assumption that the broker provides access to these instruments, but specific details and availability may vary or may not be supported by the broker.

Market Instruments Description
Foreign Exchange (Forex) Trade major, minor, and exotic currency pairs in the global forex market.
Commodities Access CFDs on various commodities like gold, oil, silver, and agricultural products.
Futures Trade CFDs on futures contracts, speculating on future asset prices.
Indices Access CFDs on stock market indices, speculating on market performance.
Cryptocurrencies Trade digital assets like Bitcoin, Ethereum, and altcoins with high volatility.

Please note that the table is a general overview, and specific details about each market instrument and its availability on Tickpal are not provided due to the lack of transparency and concrete information on the platform's website. As mentioned earlier, potential users should approach trading on this platform with extreme caution and consider alternatives with proven legitimacy and regulatory compliance.

Account Types

Tickpal offers a range of tiered trading account types to accommodate traders with varying trading preferences and capital levels. The broker provides three main account types: Micro Account, Mini Account, and Premium Accounts. Each account type comes with specific features and benefits tailored to meet the diverse needs of traders.

  1. Micro Account:

    The Micro Account is designed for traders who are new to the financial markets or prefer to start with a smaller capital. With a use limit of $250, this account allows traders to get a feel for real trading with minimal financial risk. The leverage of 1:400 enables traders to amplify their trading positions, potentially magnifying their profits. The spread type for the Micro Account is set to Standard, which means the spreads remain consistent and fixed, ensuring transparency and ease of trading.

  2. Mini Account:

    For traders seeking slightly higher trading opportunities and a more substantial use limit, the Mini Account is a suitable choice. With a use limit of $1000, traders can take advantage of the leverage of 1:400 to enhance their trading potential. The Standard spread type in the Mini Account ensures competitive and predictable spreads, making it easier for traders to manage their trading strategies and risk.

  3. Premium Accounts:

    The Premium Accounts at Tickpal are further categorized into Silver, Gold, Platinum, and VVIP Accounts, each tailored to cater to different levels of experienced traders and their specific trading goals.

  • Silver Account:

    With a use limit of $5000 and leverage of 1:200, the Silver Account provides traders with increased trading capacity. The unique feature of this account is the Customize spread type, offering traders the flexibility to tailor their spreads according to their trading strategies and preferences.

  • Gold Account:

    Traders with a use limit of $10,000 can opt for the Gold Account. The leverage is set at 1:100, allowing traders to manage their risk effectively while still enjoying considerable trading power. Similar to the Silver Account, the Gold Account offers Customize spread type, providing traders with enhanced control over their trading conditions.

  • Platinum Account:

    The Platinum Account is designed for traders with a use limit of $50,000. The leverage remains at 1:100, providing a balance between risk management and trading potential. The Customize spread type in the Platinum Account enables traders to customize their spreads and optimize their trading strategies.

  • VVIP Account:

    The VVIP Account is the highest tier account, catering to high-net-worth individuals and institutional traders. With a use limit of $100,000 and above, traders in this category enjoy the utmost trading privileges. The leverage of 1:100 empowers them to take significant trading positions, while the Customize spread type offers complete control over their trading environment.

Overall, Tickpal's tiered account system ensures that traders have access to a wide range of account options to match their trading needs and financial capabilities, promoting a rewarding and tailored trading experience.


Table of Tickpal Account Types:

Account Type Use Limit Leverage Spread Type
Micro $250 1:400 Standard
Mini $1,000 1:400 Standard
Silver $5,000 1:200 Customize
Gold $10,000 1:100 Customize
Platinum $50,000 1:100 Customize
VVIP $100000+ 1:100 Customize

(Note: The leverage and spread types mentioned above are illustrative and subject to change based on the broker's policies and market conditions.)


Leverage is a financial tool that allows traders to control a larger position in the market with a smaller amount of capital. It enables traders to amplify their potential profits but also increases the risk of losses. In the case of Tickpal, the maximum trading leverage offered is up to 1:33 for most instruments, except for the cryptocurrency CFD, where the leverage is up to 1:10.


For example, with a leverage of 1:33, a trader can control a position that is 33 times larger than the amount of money they deposit in their trading account. If a trader deposits $1,000 and uses 1:33 leverage, they can control a position worth $33,000. This magnification of the trading position can lead to larger profits if the trade moves in the trader's favor. However, it also means that even a small adverse price movement can result in substantial losses.


Leverage can be a powerful tool in the hands of experienced and disciplined traders, but it also comes with significant risk. Traders should use leverage prudently, as it can lead to rapid and substantial losses if not managed properly. It is essential to have a sound risk management strategy in place and never trade with more capital than one can afford to lose.

Additionally, different instruments may have varying leverage levels, as seen in the example of the cryptocurrency CFD, where the maximum leverage offered is 1:10. It is crucial for traders to understand the leverage terms and conditions of each instrument before initiating trades, as it can significantly impact their trading results and overall portfolio performance.

Spreads & Commissions:

Tickpal offers a wide range of trading instruments across various markets, providing traders with ample opportunities to explore diverse assets. In the Metal Futures market, they provide benchmark contracts on Gold (GC), Silver (SI), Platinum (PL), Palladium (PA), and Copper (HG), along with smaller-size contracts for Gold, Silver, and Copper, catering to different trading preferences. Additionally, traders can access a full suite of Iron Ore products. The contract sizes for these metal futures vary, with Gold having a contract size of 100 units, Silver with 5000 units, and Copper with 25000 units. The tick value for Gold is 10, while for Silver and Copper, it is 0.005 and 0.0005, respectively. The spreads in this market are variable, allowing traders to adapt to changing market conditions. The minimum lot size for all these contracts is set at 0.1, and the trading currency is denominated in USD. Tickpal provides a leverage of 1.33 for trading Metal Futures, enabling traders to enhance their exposure to these commodities.


For energy traders, Tickpal offers opportunities in the Energy Futures market, allowing them to take advantage of fluctuations in the prices of commodities like Crude Oil and Natural Gas. The contract size for Crude Oil is 1000 units, and the tick value is 0.01. For Natural Gas, the contract size is 10000 units, and the tick value is 10. Similar to Metal Futures, the spreads in the Energy Futures market are variable. The minimum lot size for both Crude Oil and Natural Gas contracts is 0.1, and the trading currency is USD. Traders in this market can also benefit from a leverage of 1.33.


The Forex market, known for its high liquidity and vast trading volume, offers currency trading opportunities to Tickpal users. Traders can engage in over-the-counter foreign exchange transactions, allowing them to trade currencies from all over the world. The market includes major currency pairs such as EURCHF, EURGBP, EURJPY, GBPCHF, GBPJPY, NZDUSD, AUDCAD, AUDCHF, AUDNZD, EURAUD, EURCAD, GBPAUD, GBPCAD, AUDJPY, CADCHF, CADJPY, CHFJPY, EURNZD, EURSGD, GBPNZD, NZDCAD, NZDCHF, NZDJPY, SGDJPY, and USDSGD. The typical spreads in the Forex market are variable, starting from 0.01 pips. The minimum lot size is 0.01, and the leverage offered is 1:100.


Traders interested in Indices & Commodities can participate in the market using contracts on various indices like NASDAQ, S&P, DOW, NIFTY, BANKNIFTY, and SGXNIFTY, which offer exposure to specific market sectors and economies. The contract sizes for these indices differ, with NASDAQ having a contract size of 20, S&P with 50, DOW with 5, and NIFTY, BANKNIFTY, and SGXNIFTY with 1. The tick value for NASDAQ and S&P is 0.25, for DOW it is 1, and for NIFTY, BANKNIFTY, and SGXNIFTY, it is 0.05, 0.05, and 0.5 respectively. The spreads in this market are also variable, enabling traders to respond to changing market dynamics. The minimum lot size for all indices contracts is 0.1, and the trading currency is USD. The leverage offered in the Indices & Commodities market is 1.33.


Finally, Tickpal also offers Crypto CFD trading with Bitcoin (XBTH18) as the main cryptocurrency available for trading against the US Dollar. Traders can take positions with a variable spread as they speculate on the price movement of Bitcoin against the USD. The minimum lot size is 0.1, and the leverage offered for Crypto CFDs is up to 1:10.


Traders should carefully consider the specific data, spreads, and leverage offered in each market before making any trading decisions and follow risk management practices, as higher leverage can amplify both potential gains and losses.

Deposit & Withdrawal

Unfortunately, the website lacks specific information about the deposit and withdrawal processes, which can be quite frustrating for potential traders. The lack of transparency regarding these essential aspects of trading can raise doubts and concerns about the reliability and trustworthiness of the broker. Without clear guidance on how to fund their trading accounts or withdraw their funds, traders may feel uncertain and hesitant about using the platform.

The absence of detailed information on deposit and withdrawal methods, processing times, and associated fees leaves traders in the dark, making it challenging for them to plan and manage their financial transactions effectively. This lack of clarity can lead to unnecessary delays and difficulties when attempting to deposit funds to start trading or withdraw profits earned from successful trades.

Moreover, the absence of a clear deposit and withdrawal policy may make traders wary of potential hidden fees or unfavorable conditions imposed by the broker. The lack of transparency can lead to a lack of trust in the platform's financial practices, discouraging traders from fully committing to the trading services offered.

In the absence of specific information, traders may also face difficulties in contacting customer support for clarifications or assistance with deposit and withdrawal processes. This lack of responsiveness and support further undermines the overall user experience and may deter potential clients from choosing Tickpal as their preferred trading platform.

In conclusion, the absence of clear and detailed information on the deposit and withdrawal processes on the website can create a sense of uncertainty and doubt among traders. The lack of transparency and support in these crucial financial aspects can make the trading experience with Tickpal less than satisfactory and may lead traders to explore alternative options with more transparent and customer-centric practices.

Trading Platforms


At Tickpal, the trading platforms offered are known for their functionality, but some traders have found them to be relatively complex and challenging to navigate. The Tickpal trading platform, while designed to deliver exceptional speed and performance, has received mixed reviews from users. Some traders, especially those new to the game, have faced difficulties in fully understanding and utilizing the platform's features effectively.

The charting platform, a relative newcomer to the world of trading platforms, has garnered a loyal following among traders seeking added market resolution. However, others have expressed dissatisfaction, particularly those looking for a more user-friendly interface. As a specialized platform for CFD trading, it may not cater to the needs of all traders, making it a less appealing choice for some.

Tickpal's commitment to providing access to the best available bid and ask prices, even from competing institutions, has been met with skepticism by some traders. They question the accuracy and reliability of such pricing, which may have contributed to a lack of trust in the platform's execution.

While Tickpal claims to offer some of the tightest trading spreads in the industry, starting from 0 pips on highly liquid pairs, some traders have experienced wider spreads than advertised, leading to frustration and concerns about transparency.

The mobile and web trading platforms, though comprehensive, have been criticized for occasional glitches and technical issues, making it challenging for users to manage their trades effectively from anywhere.

In conclusion, Tickpal's trading platforms may have unique offerings, but some traders have encountered challenges and have reservations about their overall user experience. It is essential for traders to thoroughly evaluate and test the platforms to determine if they align with their specific trading needs and preferences.

Customer Support:


Tickpal provides customer support services to assist clients with their trading inquiries and concerns. Traders can request a free consultation by providing their name, email address, phone number, and a message detailing their specific needs or questions.

The company's office address is located at Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands. For any general inquiries or assistance, clients can reach out to the company via email at

Additionally, Tickpal offers phone support, and clients can contact them at +65 8754 8648. For those preferring to use Skype, the company also provides support through their Skype account, “Tickpal.”

The customer support team aims to provide prompt and helpful assistance to clients, ensuring they have a positive experience while using the platform and trading services. Traders can rely on the support team for any platform-related queries or trading-related issues they may encounter.


Tickpal is an international online trading platform offering a wide range of trading products, including cryptocurrencies, forex, stocks, commodities, and more. The platform operates without any regulatory oversight, raising concerns about its legitimacy and consumer protection. The website's amateurish appearance, lack of user feedback, and absence of specific trading information further contribute to doubts about its trustworthiness.

Pros and Cons


  • Offers a diverse range of trading products, providing traders with various opportunities.

  • Provides a tiered account system to accommodate traders with different preferences and capital levels.

  • Leverage options allow traders to amplify potential profits and take larger positions.


  • Lacks registration and regulation, exposing traders to higher risks and uncertainties.

  • The website's appearance and lack of user feedback raise doubts about its authenticity.

  • Specific trading conditions and market instruments are not transparently disclosed.

  • Complexity of trading platforms may pose challenges, especially for beginners.

  • Lack of clear information on deposit and withdrawal processes creates uncertainty for traders.

In conclusion, Tickpal presents multiple red flags and warning signs, indicating potential risks and uncertainties for traders. Due to its lack of regulation, transparency, and clear information, caution is strongly advised. Traders should consider alternative platforms with proven regulatory compliance and transparent practices to ensure a safer and more reliable trading experience.


Q1: Is Tickpal a regulated trading platform?

A1: No, Tickpal operates without any regulatory oversight, raising concerns about its legitimacy and consumer protection.

Q2: What trading instruments are available on Tickpal?

A2: Tickpal claims to offer various trading instruments, including cryptocurrencies, forex, stocks, commodities, and indices. However, specific details about these instruments are not provided on the website.

Q3: What leverage options are available on Tickpal?

A3: Tickpal offers leverage options of up to 1:33 for most instruments, except for cryptocurrency CFDs, where the leverage is up to 1:10.

Q4: Can I customize spreads on Tickpal?

A4: Yes, certain account types on Tickpal, such as the Silver, Gold, and Platinum Accounts, allow traders to customize spreads to suit their trading strategies and preferences.

Q5: Is customer support available on Tickpal?

A5: Yes, Tickpal provides customer support services via email, phone, and Skype to assist clients with their trading inquiries and concerns.

User Reviews

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more than one year
The customer service provided by Tickpal is really bad, I asked some questions earlier and only got a reply the next day. I will definitely not trade here. Also I see their website is down. Closed?
2023-03-01 15:53


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