Our priority is the security of our clients’ funds.
Financial Services Compensation Scheme
Tickmill UK Ltd is an official member of the Financial Services Compensation Scheme (FSCS), the purpose of which is to provide eligible clients with compensation payments in case one of the fund members is unable to fulfil its obligations.
The Financial Services Compensation Scheme is a fund which provides insured clients of the companies registered with FCA with compensation payments, if the companies are not able to pay compensations on their own. In such cases, the compensation may be up to £50,000 per client, regardless of how many trading accounts the client has, their base currencies, and the place where the investment service is provided. In case the claimant disagrees with the amount of the compensation, he or she has the right to appeal to FCA, justifying the sum of the compensation within ten days from receiving the relevant notification.
The Fund is obliged to compensate each claimant within six months of dispatching to FCA the minutes with the specified sum of the compensation, if the sum is recognised as justifiable. For more details about the scheme and the applicable eligibility rules click here.
Negative Balance Protection
As a client of Tickmill UK Ltd, you benefit from our Negative Balance Protection policy. Consequently, in the event that your account slips into negative equity, we will set your account balance to zero and absorb the loss. This is an additional safeguard to ensure you do not lose more money than your deposit.