Tickrs Financial Singapore is a member of Sina Corporation and a wholly owned subsidiary of Valuable Capital Group Limited, a top tier Hong Kong-based financial institution.
What is Tickrs？
Tickrs Financial Singapore holds a Capital Markets Services Licence (No. CMS101293) under the Securities and Futures Act 2001 by the Monetary Authority of Singapore (MAS) to conduct Dealing, product Financing and Custody Services in Singapore, and is an Exempt Financial Adviser.
Pros & Cons of Tickrs
Pros: Formal regulation: Tickrs is regulated by the Financial Industry Regulatory Authority, Australian Securities & Investment Commission and Monetary Authority of Singapore.
Security measures: Tickrs's advanced encryption helps protect customers' personal information and financial data.
Simple and user-friendly mobile app: Tickrs offers a user-friendly mobile app available for both iPhone, and Android devices.
Transparent fees: Depending on the product or service, Tickrs offers transparent fee structures, including commission and platform fee.
Cons: No 24/7 support: Unlike some competitors, Tickrs does not offer 24/7 customer service support.
Limited educational resources: Tickrs provides limited access to educational resources.
Is Tickrs Safe？
Regulations
Tickrs is regulated by multiple financial authorities, demonstrating their commitment to compliance and client protection:
Fund Safety
Tickrs implements strict segregation measures. They maintain client assets separately from their own company assets, ensuring that client funds are held securely within licensed financial institutions. This segregation helps protect client funds in case of any unforeseen circumstances or company difficulties, providing an extra layer of security for their clients' money.
Safety Measures
Tickrs utilizes bank-level encryption technology that scrambles information on multiple layers, making it significantly more secure and resistant to unauthorized access. This advanced encryption helps protect customers' personal information and financial data, providing an extra layer of security for online transactions.
What are Securities to Trade with Tickrs？
Tickrs offers a diverse range of tradable assets, allowing traders to invest in various markets and asset classes. They provide access to:
Securities: This includes individual stocks of companies across different industries, enabling customers to invest in specific businesses or sectors.
Derivatives: These financial instruments allow customers to speculate on the future price movements of underlying assets, potentially offering opportunities for both gains and losses.
Collective Investment Schemes: These are pooled investment vehicles like mutual funds or ETFs, providing diversification and professional management of customers' investments.
Tickrs Accounts
Opening a Tickrs account is straightforward and can be done through their mobile app. Here's how:
Via the app: Download the Tickrs app and navigate to the “Open Account” tab. Enter phone number, verify the OTP, and choose to open the account using SingPass or manually input details.
Manual input: If choosing manual input, scan NRIC/Passport, provide address, and submit proof of address. After confirming everything is correct, submit the application.
Approval: Customers' account details will be submitted for approval. Customers can also request hardcopy forms for offline submission.
Institutional accounts: For institutional accounts, contact Tickrs via email for more information.
Tickrs Fees Review
Tickrs offers a transparent fee structure with two main components:
Commission (Online Order): This fee starts as low as 0.1% of the trade value, potentially reducing costs for larger trades.
Platform Fee: This fee is charged per trade and starts as low as HKD 55, providing a clear and predictable cost structure.
Tickrs offers margin trading, allowing investors to leverage their positions by borrowing money from the platform. Interest is charged on the borrowed amount, and investors need to maintain a minimum collateral value within their account to cover the potential risk. Margin trading can be enabled upon request and approval through the Tickrs app.
Tickrs App Review
Tickrs offers a user-friendly mobile app designed to empower investors with access to global markets and the ability to build diversified portfolios. The app boasts a range of features, including: spot investment opportunities, price alerts, comprehensive product list, and easy account management.
Customer Service
Tickrs provides multiple options for getting in touch with their support team for any questions or assistance.
Address: 160 Robinson Road #31-01 SBF Center Singapore 068914
Phone: +65 6011 1700
Email: enquiry@tickrs.com.sg
Conclusion
Tickrs offers a user-friendly platform for global investment, providing access to a diverse range of assets through their mobile app. They prioritize client safety through asset segregation, data encryption, and multi-jurisdictional regulation. Their transparent fee structure and margin trading options cater to different investor needs and risk tolerances.
FAQs
Is Tickrs safe to trade？
Tickrs is a legitimate company and is regulated by multiple financial authorities. Additionally, it uses advanced technologies to protect customers' data.
Is Tickrs a good platform for beginners？
Tickrs offers a user-friendly mobile app and access to various investment options.
Is Tickrs legit？
Tickrs is registered with multiple financial authorities, indicating their commitment to compliance and client protection.
Risk Warning
The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.
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