Tickmill Limited
We are investigating Tickmill Limited for allegedly attempting to conceal critical reviews and adverse news from Google by improperly submitting copyright takedown notices. This includes potential violations such as impersonation, fraud, and perjury.
PARTIES INVOLVED : Tickmill Limited
ALLEGATIONS : Perjury, Fraud, Impersonation
INCIDENT DATE : 20 Aug 2024
INVESTIGATED BY : Ethan Katz
TOOLS USED : Lumen, FakeDMCA, SecurityTrails
CASE NO : 2830/A/2024
CRIME TYPE : Intellectual Property Scam
PUBLISHED ON : 22 Nov 2024
Due Diligence
Is This About You?
What We Are Investigating?
We are investigating Tickmill Limited for allegedly attempting to conceal critical reviews and adverse news from Google by improperly submitting copyright takedown notices. This includes potential violations such as impersonation, fraud, and perjury
We are investigating Tickmill Limited for allegedly attempting to conceal critical reviews and adverse news from Google by improperly submitting copyright takedown notices. This includes potential violations such as impersonation, fraud, and perjury
What are they trying to censor
Tickmill Limited, a forex and CFD broker, has faced several allegations and red flags over the years that have raised concerns about its reputation and business practices. While the company maintains a regulatory presence in multiple jurisdictions, including the UK (FCA), Cyprus (CySEC), and Seychelles (FSA), it has been the subject of adverse news and scrutiny. Below is a summary of the major allegations and red flags, along with an analysis of how these could harm its reputation and why the company might seek to suppress such information, even through illicit means.
Major Allegations and Red Flags
- Misleading Advertising and Promises
Tickmill has been accused of using aggressive marketing tactics, including promises of high returns and low-risk trading, which are often misleading. Such practices can lure inexperienced traders into risky investments, leading to significant financial losses. Regulatory bodies in some jurisdictions have flagged these practices as unethical. - Client Fund Safety Concerns
While Tickmill claims to segregate client funds, there have been concerns about the transparency of its financial operations. Critics argue that the lack of detailed public audits raises questions about whether client funds are adequately protected, especially in offshore jurisdictions like Seychelles. - Offshore Entity Usage
Tickmill operates through multiple entities, including those registered in offshore locations like Seychelles. Offshore entities are often associated with lax regulatory oversight, which can be a red flag for investors seeking transparency and accountability. - Negative Reviews and Complaints
Online forums and review platforms are rife with complaints from clients alleging issues such as withdrawal delays, unexplained account closures, and poor customer service. While some complaints may be unfounded, the volume and consistency of these reports raise concerns. - Regulatory Scrutiny
Although Tickmill is regulated in several jurisdictions, it has faced scrutiny for its compliance practices. For example, in 2020, the UK’s Financial Conduct Authority (FCA) warned investors about clone firms impersonating Tickmill, raising questions about the company’s ability to safeguard its brand and clients.
Reputational Harm and Motives for Suppression
The allegations and red flags outlined above pose significant risks to Tickmill’s reputation. In the highly competitive forex and CFD industry, trust is paramount. Misleading advertising, client fund safety concerns, and regulatory scrutiny can erode investor confidence, leading to a loss of clients and revenue. Negative reviews and complaints, amplified by social media and online forums, can further damage the company’s image, making it harder to attract new customers.
Given the potential financial and reputational fallout, Tickmill may have a strong incentive to suppress adverse information. In extreme cases, this could involve unethical or illegal actions, such as cyber crimes, to remove damaging content from the internet. For instance, the company might target negative reviews, investigative articles, or whistleblower accounts that expose its alleged malpractices. By silencing critics and controlling the narrative, Tickmill could attempt to maintain a facade of legitimacy and trustworthiness.
Conclusion
While Tickmill Limited presents itself as a reputable broker, the allegations and red flags surrounding its operations raise serious questions about its business practices. The company’s reliance on offshore entities, coupled with client complaints and regulatory scrutiny, undermines its credibility. In an industry where trust is critical, Tickmill’s reputation is vulnerable to these adverse reports. The desire to protect its image and financial interests could, in theory, drive the company to take extreme measures, including cyber crimes, to suppress damaging information. However, such actions would only compound its legal and ethical challenges, further tarnishing its standing in the eyes of regulators and the public.
- https://lumendatabase.org/notices/43974799
- August 20, 2024
- BlueCore Technologies llc
- https://www.tickmill.com/
- https://www.earnforex.com/forex-brokers/Tickmill/
Evidence Box
We are investigating Tickmill Limited for allegedly attempting to conceal critical reviews and adverse news from Google by improperly submitting copyright takedown notices.
Targeted Content and Red Flags
About the Author
The author is affiliated with Harvard University and serves as a researcher at both Lumen and FakeDMCA.com. In his personal capacity, he and his team have been actively investigating and reporting on organized crime related to fraudulent copyright takedown schemes. Additionally, his team provides advisory services to major law firms and is frequently consulted on matters pertaining to intellectual property law.
He can be reached at [email protected] directly.
Many thanks to FakeDMCA.com and Lumen for providing access to their database
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How This Was Done
The fake DMCA notices we found always use the ?back-dated article? technique. With this technique, the wrongful notice sender (or copier) creates a copy of a ?true original? article and back-dates it, creating a ?fake original? article (a copy of the true original) that, at first glance, appears to have been published before the true original
What Happens Next?
The fake DMCA notices we found always use the ?back-dated article? technique. With this technique, the wrongful notice sender (or copier) creates a copy of a ?true original? article and back-dates it, creating a ?fake original? article (a copy of the true original) that, at first glance, appears to have been published before the true original.
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Average Ratings
1.3
Based on 3 ratings
Alejandro Vega
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Tickmill claims to be regulated, but offshore accounts + censorship tactics = trouble. I wouldn’t trust them with a dollar.
Neha Bajaj
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If a company has to silence critics instead of fixing its problems, that’s a huge red flag 🚩
Hannah Silverman
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So they promise easy money but can't even handle customer complaints? Sketchy business practices all around.