About NEW TICK
Company Overview
NEW TICK is a forex broker registered in New Zealand, with a listed office address in London, United Kingdom. The company was founded on January 12, 2018, and operates the website newtickfx.com.
Despite being registered in New Zealand, the broker's physical address is in the UK, and it does not hold any regulatory licenses from major financial authorities. This lack of regulation is a significant factor for traders to consider.
Account Types
NEW TICK offers two primary account types: the MT account and the ECN account. The MT account requires a minimum deposit of $100 and provides a maximum leverage of 1:200. The ECN account has a higher minimum deposit of $1000 but also offers leverage up to 1:200.
These account options cater to different levels of traders, from those with smaller capital to more experienced traders seeking the potential benefits of ECN trading, such as tighter spreads and direct market access.
Regulation and Safety
As of the latest records, NEW TICK does not hold any known regulatory licenses. The broker's registration in New Zealand does not imply authorization by the Financial Markets Authority (FMA) or any other regulatory body. This absence of oversight means that traders have no recourse through a regulatory ombudsman in case of disputes.
The broker's registered office is in London, but it is not regulated by the UK's Financial Conduct Authority (FCA). This lack of recognized regulation elevates the risk profile for potential clients.
Instruments and Platforms
The specific instruments offered by NEW TICK are not disclosed in the available records. Typically, forex brokers provide currency pairs, CFDs on indices, commodities, and sometimes cryptocurrencies, but no details are available for this broker.
The broker does mention an MT account, suggesting that the MetaTrader platform may be offered, which is a common platform in the industry. However, confirmation of platform availability is not publicly documented.
Deposits and Withdrawals
Minimum deposits are set at $100 for the MT account and $1000 for the ECN account. Information on funding methods, withdrawal processing times, and any associated fees is not publicly available. Traders should exercise caution and seek clarity from the broker directly before committing funds.
Target Audience
NEW TICK appears to target both retail and more experienced traders through its tiered account structure. The low entry barrier of the MT account appeals to beginners, while the ECN account requires a higher capital outlay, suggesting it is aimed at traders seeking direct market execution.
However, the lack of regulatory coverage means that the broker may not be suitable for risk-averse traders or those in jurisdictions with strict financial oversight.
Overview compiled by FXCanary from regulatory records and public data. full NEW TICK review