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  • Best Forex Trading Conditions

    From tickmill.com

    We are excited to be celebrating another milestone of business excellence. Tickmill was awarded with ‘Best Forex Trading Conditions’ prize at this year’s UK Forex Awards. Forex traders and private investors from all over the world chose Tickmill – among a list of high-profile investment firms – for consistently providing competitive pricing and the fairest trading conditions. This significant recognition reaffirms our strong commitment to offering both retail and institutional Clients the right conditions to excel, including but not limited to: Spreads from 0.0 pips Average execution speed 0.1 seconds ... (full story)

  • #1
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  • Oct 21, 2017 9:08am Oct 21, 2017 9:08am
I vouch for tickmill as the 'Best Broker' I have traded with so far in the last few years. You are definitely better than even Pepperstone. Keep up the good services .
When the going gets tough , the tough get going
  • #2
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  • Oct 21, 2017 12:14pm Oct 21, 2017 12:14pm
"Losses can exceed the initial investment" ... 🤔
I assume that's not applicable to Forex as most brokers will have margin-call and margin-cut levels when there's no SL on the trades ...
Market is not random but unpredictable
  • #3
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  • Oct 21, 2017 3:28pm Oct 21, 2017 3:28pm
Quoting 4for4
"Losses can exceed the initial investment" ... 🤔 I assume that's not applicable to Forex as most brokers will have margin-call and margin-cut levels when there's no SL on the trades ...
Remember the GU flash crash? Or the swiss franc? With moves that quick and big, no settings help the broker...
Everyone can see the chart, but only a few can actually read it.
  • #4
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  • Oct 21, 2017 7:58pm Oct 21, 2017 7:58pm
Quoting 4for4
"Losses can exceed the initial investment" ... 🤔 I assume that's not applicable to Forex as most brokers will have margin-call and margin-cut levels when there's no SL on the trades ...
No, this does apply to forex.
Read your trading agreement with your broker.

This is how I understand it works.

Imagine a situation where there is a big event like 9/11, or a war etc
and money suddenly flows into USD and/or JPY and/or CHF.
So there is large volatility and large position closures creating price spikes.
When this happens the liquidity providers shut down their servers and our open positions cannot close.

When the market reopens we could be +ve by thousands of pips and make a killing
Or we could be -ve by thousands of pips in which case the margin call facility of the broker will close our positions at market prices and we will be liable for the 1000's of pips loss.

If at the time of the problem we were trading 5 lots and our position was closed at -1000 pips
then our account will be -$50,000
and the broker will attempt to recover this $50K.
Even if we have no money to pay, if we have assets in our name, those assets could be at risk.
Have a nice day
  • #5
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  • Oct 21, 2017 8:30pm Oct 21, 2017 8:30pm
Quoting billv
{quote} No, this does apply to forex. Read your trading agreement with your broker. This is how I understand it works. Imagine a situation where there is a big event like 9/11, or a war etc and money suddenly flows into USD and/or JPY and/or CHF. So there is large volatility and large position closures creating price spikes. When this happens the liquidity providers shut down their servers and our open positions cannot close. When the market reopens we could be +ve by thousands of pips and make a killing Or we could be -ve by thousands of pips in...

EXPLAINED perfectly allways hope we on the right side of the spike
people leave, but this thread will go on for ever
  • #6
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  • Oct 21, 2017 10:43pm Oct 21, 2017 10:43pm
Quoting Stubborn
I vouch for tickmill as the 'Best Broker' I have traded with so far in the last few years. You are definitely better than even Pepperstone. Keep up the good services .
What didn't you like about pepperstone and have you compared spreads+commissions?
Thanks
Have a nice day
  • #7
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  • Oct 22, 2017 12:24am Oct 22, 2017 12:24am
Quoting billv
{quote} What didn't you like about pepperstone and have you compared spreads+commissions? Thanks
Pepperstone Commissions are much more than what is charged by tickmill.
Huge slippage in pepperstone even when no news was released.
Refer to my posts :
https://www.forexfactory.com/showthread.php?p=10333422#post10333422
https://www.forexfactory.com/showthread.php?p=10348635#post10348635
When the going gets tough , the tough get going
  • #8
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  • Oct 22, 2017 12:59am Oct 22, 2017 12:59am
Quoting Stubborn
{quote} Pepperstone Commissions are much more than what is charged by tickmill. Huge slippage in pepperstone even when no news was released. Refer to my posts : https://www.forexfactory.com/showthr...2#post10333422 https://www.forexfactory.com/showthr...5#post10348635
Thanks, I don't have a live account with Tickmill so its hard for me to compare.
But are you comparing exactly the same account type?
Are you going through cashback forex for any of the two brokers?
Because that will increase your trading cost.
Have a nice day
  • #9
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  • Oct 22, 2017 1:00am Oct 22, 2017 1:00am
Any broker that offers a VIP acc screams tacky to me.
  • #10
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  • Oct 22, 2017 1:03am Oct 22, 2017 1:03am
Quoting LuKa12
Any broker that offers a VIP acc screams tacky to me.
Why is that?
If you are a large customer you would expect lower commissions
Have a nice day
  • #11
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  • Oct 22, 2017 1:31am Oct 22, 2017 1:31am
Quoting billv
{quote} Thanks, I don't have a live account with Tickmill so its hard for me to compare. But are you comparing exactly the same account type? Are you going through cashback forex for any of the two brokers? Because that will increase your trading cost.
Both accounts are ECN type.
I am using cashbackforex program for rebates. Does it actually affect the commissions?
Tickmill , I am receiving cashback with no affect to my trading commissions charged by the broker.
When the going gets tough , the tough get going
  • #12
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  • Oct 22, 2017 2:37am Oct 22, 2017 2:37am
Quoting Stubborn
{quote} I am using cashbackforex program for rebates. Does it actually affect the commissions?r.
It depends.
Cashbackforex are useful if you are a small client and don't get any discounts by dealing directly with the broker.

I looked at the cashbackforex website and after the rebates the trading costs for these 2 brokers would be similar but what they don't tell you is what the spread is and as you know the spread will fluctuate during the day and could be smaller or bigger depending on the pair and the time of the day so it can be very hard to do a direct comparison.

Slippage is generally a problem during volatile and/or low liquidity times.
Outside those times, I have not noticed significant differences between my brokers ( IcMarkets and pepperstone)
Have a nice day
  • #13
  • Quote
  • Oct 22, 2017 2:42am Oct 22, 2017 2:42am
Quoting billv
{quote} It depends. Cashbackforex are useful if you are a small client and don't get any discounts by dealing directly with the broker. I looked at the cashbackforex website and after the rebates the trading costs for these 2 brokers would be similar but what they don't tell you is what the spread is and as you know the spread will fluctuate during the day and could be smaller or bigger depending on the pair and the time of the day so it can be very hard to do a direct comparison. Slippage is generally a problem during volatile and/or low liquidity...
I have been using tickmill for more than 18 months now. No problems with spreads or slippage.
Pepperstone I have used for about 1 month only. So far spreads are near zero most of the time for EU.
Whats your opinion on icmarkets as I plan to open an account with them in the near future?
When the going gets tough , the tough get going
  • #14
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  • Oct 22, 2017 3:51am Oct 22, 2017 3:51am
Any problems with withdrawals? Can somebody say something about how the withdrawals work on Tickmill?

Cheers
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
  • #15
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  • Oct 22, 2017 3:57am Oct 22, 2017 3:57am
Quoting NotAtrader
Any problems with withdrawals? Can somebody say something about how the withdrawals work on Tickmill? Cheers
now thats the right question
people leave, but this thread will go on for ever
  • #16
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  • Oct 22, 2017 3:59am Oct 22, 2017 3:59am
Tickmill is awesome. They are my favorite broker, and I've tried many. I've had no problems with withdrawals.
Sure I have a trading plan. Buy low. Sell high. What's yours?
  • #17
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  • Oct 22, 2017 4:18am Oct 22, 2017 4:18am
Quoting NotAtrader
Any problems with withdrawals? Can somebody say something about how the withdrawals work on Tickmill? Cheers
I had deposited a mere $25 and have withdrawn $300 till now. No problems with withdrawal so far.
No problems with small withdrawals till now.
Persons withdrawing thousands of dollars can talk about their experience so that we can know the broker's reputation and reliability in more details.
When the going gets tough , the tough get going
  • #18
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  • Oct 22, 2017 4:25am Oct 22, 2017 4:25am
Quoting Stubborn
{quote} I had deposited a mere $25 and have withdrawn $300 till now. No problems with withdrawal so far. No problems with small withdrawals till now. Persons withdrawing thousands of dollars can talk about their experience so that we can know the broker's reputation and reliability in more details.
Ok. Thanks.
When I make a withdrawal, that is k40-k50$ in average. I am very interested in knowing how the withdrawals work guys. Please, anyone!
How long you have to wait before you see the money in your bank account?
Is there approval time that you have to wait, or is it done automatically with no questions.
Anyone please!
Thanks
Cheers
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
  • #19
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  • Oct 22, 2017 5:28am Oct 22, 2017 5:28am
Quoting Stubborn
{quote} Whats your opinion on icmarkets as I plan to open an account with them in the near future?
I like ICMarkets the most, they've had some problems a few years back but now are very good.
If you open an account join through the HFT group and you will get a direct discount on the commissions.
http://www.hftgroupfx.com/ Or you can go through cashbackforex

Pepperstone are slightly more expensive but have easier online withdrawals
Have a nice day
  • #20
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  • Oct 22, 2017 10:03am Oct 22, 2017 10:03am
Anyone?
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
  • #21
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  • Oct 22, 2017 11:13am Oct 22, 2017 11:13am
Quoting NotAtrader
Anyone?
Nobody making withdrawals from Tickmill? Ok that’s informative.
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
  • #22
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  • Oct 22, 2017 2:00pm Oct 22, 2017 2:00pm
İ withdrawal more than 5000 usd..it is quick and easy so far.Never had a problem.
  • #23
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  • Oct 22, 2017 3:26pm Oct 22, 2017 3:26pm
I have withdrawn over $50k from Tickmill several times, money arrived in about 3 days (withdrawal to my bank account). Never had withdrawal issues with them. So far, so good. This is by far my favorite broker.
  • #24
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  • Oct 22, 2017 7:07pm Oct 22, 2017 7:07pm
I'm trying out Tickmill and can confirm the pluses mentioned, such as commissions being around half that of Pepperstone. They also have more choices of servers at various locations around the world. I just wish they would offer Paypal for funding and withdrawal like Pepperstone does.
Amor Fati--F. Nietzsche
  • #25
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  • Oct 22, 2017 11:42pm Oct 22, 2017 11:42pm
Quoting krassen
I have withdrawn over $50k from Tickmill several times, money arrived in about 3 days (withdrawal to my bank account). Never had withdrawal issues with them. So far, so good. This is by far my favorite broker.
Really! may we see example wih trade explorer ? your existing account attached seems blown and capital, balance restricted to view..reason?

Quoting Tengizhan
İ withdrawal more than 5000 usd..it is quick and easy so far.Never had a problem.
add your account with trade explorer .
  • #26
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  • Oct 23, 2017 6:02am Oct 23, 2017 6:02am
Quoting doji
commissions being around half that of Pepperstone..
How did you come up with that?
Have a nice day
  • #27
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  • Oct 23, 2017 11:36am Oct 23, 2017 11:36am
Are U.S. citizens accepted at TickMill?
  • #28
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  • Oct 23, 2017 10:23pm Oct 23, 2017 10:23pm
bill v: I compared.

lctrader11: I don't think so but to be sure, look it up at their site or ask the help desk.
Amor Fati--F. Nietzsche
  • #29
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  • Oct 24, 2017 12:33am Oct 24, 2017 12:33am
Quoting doji
bill v: I compared. lctrader11: I don't think so but to be sure, look it up at their site or ask the help desk.
Actually I did a comparison and the difference is not that much.
Tickmill is $1 cheaper per lot so instead of $6 you would pay approx $5 commission.
However, their spread is higher and often close to 1 pip so you end up paying more that way.
Have a nice day
  • #30
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  • Oct 24, 2017 10:21am Oct 24, 2017 10:21am
U.S. citizens are not allowed to trade with Tickmill. There's nothing on there website, but I got a response from Customer Service saying so. BUMMER!
  • #31
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  • Oct 25, 2017 1:52am Oct 25, 2017 1:52am
Quoting lctrader11
U.S. citizens are not allowed to trade with Tickmill. There's nothing on there website, but I got a response from Customer Service saying so. BUMMER!
Send Trump a tweet and ask him to fix this mess and to take away the crappy FIFO rule
Have a nice day
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  • Posted: Oct 21, 2017 8:55am
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    Category: Forex Industry News
    Comments: 31  /  Views: 10,253