What Is TickTickTrader？
TickTickTrader, founded in 2004, is a trading platform based in the United States. However, the platform operates without regulatory oversight.
Pros & Cons
Pros:
Demo Accounts Provided: TickTickTrader offers demo accounts, so users can practice trading strategies and familiarize themselves with the platform without risking real money.
Low Minimum Deposit: The platform has a low minimum deposit requirement of just $99, making it more accessible to traders with smaller capitals.
24/7 Live Chat: TickTickTrader provides round-the-clock live chat support, so users can get assistance more efficiently.
Cons:
No Regulation: TickTickTrader operates without regulatory oversight, potentially exposing traders to higher risks due to a lack of regulatory protections.
Limited Market Instruments: The platform offers a limited range of market instruments, only on futures and options, restricting traders' options for diversification and trading opportunities.
Info on Key Trading Conditions Missing: TickTickTrader lacks comprehensive information on key trading conditions, such as spreads, leverage, and commissions, which are crucial for traders to make informed decisions.
Is TickTickTrader Safe or Scam？
Regulatory Sight:TickTickTrader is currently operating without regulatory oversight, which means it does not fall under the jurisdiction or supervision of any financial regulatory bodies. It also does not hold any licenses that would enable it to conduct its operations in the financial market. This lack of regulation poses numerous risks to investors, such as a lack of transparency, security concerns, and no guarantee of adherence to industry standards and practices.
User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.
Security Measures: So far we haven't found any information about the security measures for this broker.
Market Instruments
TickTickTrader provides a limited range of market instruments, focusing primarily on futures and options trading, which provide users with trading opportunities to a certain level. However, this narrow range of market instruments can be a bit limited, which will be a downside for the broker.
Investment Plans
Starter Plan ($25,000 Target): This plan seems to be the most basic option, with a target return of $1500. It allows for up to 4 maximum positions and has a $500 daily loss limit. The tick drawdown, which refers to the maximum unrealized loss on a position before it starts making profits again, is set at $1500. The cost to join this plan is $145 per month.
Advanced Plan ($50,000 Target): This plan has a higher target return of $3000. It increases the maximum positions to 10 and raises the daily loss limit to $1250. The tick drawdown remains at $1500. The monthly cost for this plan is $160.
Express Plan ($100,000 Target): This plan introduces a different fee structure, charging $99 every 15 days. It has the same target return and daily loss limit as the Advanced Plan, but offers 14 maximum positions and keeps the tick drawdown at $1500.
Professional Plan ($100,000 Target): This most expensive plan has a monthly cost of $285. It offers the same target return and tick drawdown as the previous two plans, but increases the maximum positions to 14 and bumps up the daily loss limit to $2500.
Trading Platforms
Bookmap: Bookmap is a cutting-edge trading platform that provides traders with advanced visualization tools to analyze market depth and order flow dynamics. It offers a highly intuitive interface, so traders can make informed decisions based on real-time market data.
NinjaTrader: NinjaTrader is a popular trading platform known for its powerful charting and analysis capabilities. It offers customizable charts, advanced order entry features, and automated trading options, making it suitable for both beginner and experienced traders.
Jigsaw DayTrader: Jigsaw DayTrader is a trading platform designed specifically for day traders. It provides tools for order flow analysis, market depth visualization, and trade execution. With features tailored to intraday trading strategies, it helps traders navigate fast-moving markets effectively.
Customer Support
TickTickTrader offers 24/7 assistance in multiple languages through various channels:
Live Chat: Traders can engage with customer support representatives in real time through the live chat feature available on the platform.
Contact Form: Users can submit their inquiries or issues through a contact form provided on the TickTickTrader website.
Telephone: A dedicated telephone line is available for users to contact customer support directly. The provided phone number is +1 201-754-1528.
Email: Users can reach out to TickTickTrader's support team via email at HELP@TICKTICKTRADER.COMfor assistance with any queries or concerns they may have.
Social Media: TickTickTrader maintains a presence on popular social media platforms such as Facebook, Instagram, and Discord. Users can connect with the platform and stay updated on news, announcements, and support-related information through these channels.
The company address is located at SECOND FLOOR, EXCHANGE HOUSE, ATHOL STREET, DOUGLAS, IM1 1JD, ISLE OF MAN, providing users with a physical contact point if needed.
Conclusion
TickTickTrader is a broker who provides multiple trading platforms, and relatively comprehensive customer support channels. However, the range of market instruments it offers is limited, and it is currently without regulation and information on major trading conditions. We do not recommend users to trade with this broker.
Frequently Asked Questions (FAQs)
Q: Is there a demo account available？
A: Yes.
Q: What is the minimum deposit required by TickTickTrader？
A: The minimum deposit required is $99.
Q: Is TickTickTrader regulated or not？
A: No, it is not regulated.
Q: Does TickTickTrader support MT4/5？
A: No, it supports neither.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
2023-11-24 08:33
