Tickmill in place of Armada Markets Broker
Is anybody having problems with withdrawal through bankwire ? Card withdrawal is fast but for bank wire I have been waiting for more than 2 weeks and still no money. I was really satisfied with Armada before and never had such problems.
{quote} Rparm, do you have an update. Are you still with Tickmill or now with another broker?
Post Number 15 via the following link describes another issue I had with Tickmill following the one outlined above.
http://www.forexfactory.com/showthre...60#post8375960
My Reasons for leaving Tickmill
It was too much, Massive Slippage and Delayed Execution of Trades on certain accounts. They in my opinion are an outfit that are definitely not ECN, and even if they are they must be using a Broker Plugin to scam Clients.
I was experiencing delays from 3 to 5 seconds on ENTRY and EXIT on specific Accounts, no one can say that type of delay is "ECN" .... I tried switching VPS's even changed trading strategies but the issues remained.
Try for yourself Open up two or more accounts with them (ECN type) place the same trades on all the accounts and you'll notice major differences in:
Entry Price - consistently getting large negative slippage on only some accounts for identical trades
Exit Price - (same as above)
Exit Time - Orders are closed immediately on some Accounts, while on other Accounts Tickmill would wait several seconds before closing the trade, not once did I experience positive Slippage
Another reason I would suggest steering clear from Tickmill, they don't have any noteworthy regulation and are located in the Seychelle.
I was greedy enough to try them out due to their low spreads/commission, and "ECN" type Accounts they offered. My friends take my advice, go with regulated Brokers even if they have slightly higher trading costs at least there is a greater chance of them providing what they state.
I currently use Pepperstone, and Darwinex. I have yet to see any Major Delays, or Consistent Large Slippage with either of them. I suggest that everyone open up several Accounts and split up your funds to test out your Broker to see if they are treating certain accounts differently.
Thanks for the Question,
Rparm
A Positive Mind, and Positive Spirit lead to True Happiness
Hey Rparm,
Thank-you for the detailed reply.
I am testing Tickmill on demo so of course have not experienced the problems you have. That is why I asked for an update because live is a different matter.
I will steer clear.
I do have a live trading account with Pepperstone
One thing I don't like is that the spreads widen considerably during news announcements, not a problem unless you trade with orders as I do.
You sound like a profitable trader, please let me know via the Pepperstone thread if you notice any dirty tricks.
How do you find the withdrawal process? I have made a couple without a problem but do hope regular withdrawals wont be a problem, after all they are supposed to be ECN and profit from out trading commission and therefore winning consistently should not bother them.
Thank-you for the detailed reply.
I am testing Tickmill on demo so of course have not experienced the problems you have. That is why I asked for an update because live is a different matter.
I will steer clear.
I do have a live trading account with Pepperstone
One thing I don't like is that the spreads widen considerably during news announcements, not a problem unless you trade with orders as I do.
You sound like a profitable trader, please let me know via the Pepperstone thread if you notice any dirty tricks.
How do you find the withdrawal process? I have made a couple without a problem but do hope regular withdrawals wont be a problem, after all they are supposed to be ECN and profit from out trading commission and therefore winning consistently should not bother them.
{quote} I was experiencing delays from 3 to 5 seconds on ENTRY and EXIT on specific Accounts, no one can say that type of delay is "ECN" .... I tried switching VPS's even changed trading strategies but the issues remained. Try for yourself Open up two or more accounts with them (ECN type) place the same trades on all the accounts and you'll notice major differences in: Entry Price - consistently getting large negative slippage on only some accounts for identical trades Exit Price - (same as above) Exit Time - Orders are closed immediately on some...
All problems can be solved by mutual co-operation. We are always willing to assist and help our clients in a best possible way.
- | Commercial Member | Joined Apr 2011 | 182 Posts
How is everyone's trading at Tickmill? Everything OK?
Generous Forex Rebates & Custom Indicator Download- Abundance Trading Group
i am a user of tickmill and pepperstone . Tickmill was always good performer since 2yrs but since last 2 weeks i am getting different pricing on 2 accounts from tickmill during news hours or NPF time i am not sure if this issue is due to metatrader platform bug or other...
{quote} We get our liquidity from multiple different liquidity providers, so during the news that might be the reason. We never run out of liquidity, as we use top notch providers, but it is limited during volatile news events and in theory prices may differ slightly. If it was indeed a glitch with the MT4 terminal, re-installing it should resolve the issue.
In my case i saw big difference abt 5-10 pips , Yes afterwards i rebooted the vps and restarted the terminals, keeping a close watch, if difference is small then no issues. Right now i am taking this as one off issue that may be due to my own mt4 terminal getting slow ( mt4 requires restart every 1 month or so ) ..
Thanks,
elogik
- | Commercial Member | Joined Apr 2011 | 182 Posts
i am curious what makes this broker quite popular in my country. many better ECN Brokers out there with better regulations
Generous Forex Rebates & Custom Indicator Download- Abundance Trading Group
{quote} I think you'll find that in general, Tickmill's spreads are quite competitive, although their regulation jurisdiction (seychelles) could be better. For retail traders who typically don't deposit large amounts of capital, competitive spreads would be more desirable, of course granted that tickmill does not manipulate trades, which I'm sure they don't. Quite few brokers would do dishonest acts these days, compared to 2007-2011/2
are they very honest with its clients?
some of my friends reccomend this broker to me, but i know they are IBs , so i need to find honest oppinion about tickmill
that is why trader better do not add trader in his facebook account, many of them are try to sell something to us
I had been with Hotforex, Pepperstone and IcMarkets. These 3 brokers are great, I have nothing to complain about them when it comes to trading conditions and customer support.
However, my current brokers are TickMill and Darwinex. I chose TickMill because they offer better trading costs than the 3 before mentioned brokers. And they are more flexible with funding/ withdrawal than the Aussie brokers.
Darwinex is more costly to trade than Tickmill. But I like their regulations and the Darwina program.
However, my current brokers are TickMill and Darwinex. I chose TickMill because they offer better trading costs than the 3 before mentioned brokers. And they are more flexible with funding/ withdrawal than the Aussie brokers.
Darwinex is more costly to trade than Tickmill. But I like their regulations and the Darwina program.
- | Commercial Member | Joined Apr 2011 | 182 Posts
{quote} you think so?? are they very honest with its clients? some of my friends reccomend this broker to me, but i know they are IBs , so i need to find honest oppinion about tickmill that is why trader better do not add trader in his facebook account, many of them are try to sell something to us
Generous Forex Rebates & Custom Indicator Download- Abundance Trading Group
- | Commercial Member | Joined Apr 2011 | 182 Posts
{quote} you think so?? are they very honest with its clients? some of my friends reccomend this broker to me, but i know they are IBs , so i need to find honest oppinion about tickmill that is why trader better do not add trader in his facebook account, many of them are try to sell something to us
Generous Forex Rebates & Custom Indicator Download- Abundance Trading Group
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