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Tickmill in place of Armada Markets Broker

  • #21
  • Edited 3:53am Oct 12, 2015 3:13am | Edited 3:53am
Quoting Plasma
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.
Did you contact our support? If no then please contact our support and we can send you a bank wire receipt and swift copy of the payment so your bank could trace the withdrawal or contact our bank through swift copy.
  • #22
  • Oct 12, 2015 4:51pm Oct 12, 2015 4:51pm
Quoting normtold
{quote} Rparm, do you have an update. Are you still with Tickmill or now with another broker?
Hey Normtold, I switched to Pepperstone some time ago, and use Darwinex also.

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
  • #23
  • Oct 13, 2015 1:44am Oct 13, 2015 1:44am
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.
  • #24
  • Edited 8:49am Oct 13, 2015 2:58am | Edited 8:49am
Quoting Rparm
{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...
Did you contact our customer support about the trades you had issues?

All problems can be solved by mutual co-operation. We are always willing to assist and help our clients in a best possible way.
  • #25
  • Nov 18, 2015 1:11am Nov 18, 2015 1:11am
How is everyone's trading at Tickmill? Everything OK?
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  • #26
  • Feb 3, 2016 3:51am Feb 3, 2016 3:51am
any updates on tickmill?
  • #27
  • Feb 3, 2016 4:44am Feb 3, 2016 4:44am
I'm trading almost year. Good broker. Fast execution. Always positive slippage.
  • #28
  • Feb 7, 2016 11:05pm Feb 7, 2016 11:05pm
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...
  • #29
  • Mar 2, 2016 7:29am Mar 2, 2016 7:29am
Quoting elogik
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...
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.
  • #30
  • Mar 14, 2016 2:20am Mar 14, 2016 2:20am
Quoting Tickmill
{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.
Its nice to see a response here :-)

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
  • #31
  • Apr 24, 2016 10:30am Apr 24, 2016 10:30am
i am curious what makes this broker quite popular in my country.
many better ECN Brokers out there with better regulations
  • #32
  • Apr 25, 2016 2:09am Apr 25, 2016 2:09am
Quoting available
i am curious what makes this broker quite popular in my country. many better ECN Brokers out there with better regulations
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
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  • #33
  • Apr 29, 2016 7:46pm Apr 29, 2016 7:46pm
Quoting iwillsurvive
{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
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
  • #34
  • Apr 29, 2016 9:16pm Apr 29, 2016 9:16pm
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.
  • #35
  • Apr 30, 2016 12:12am Apr 30, 2016 12:12am
Quoting available
{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
Yup, don't take my word for it. Their spreads are available for all to see here: http://www.myfxbook.com/forex-broker-spreads
Forex brokers real time discount - visit Abundance trading group. com
  • #36
  • Apr 30, 2016 12:23am Apr 30, 2016 12:23am
Quoting available
{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
Agree with you about not adding traders on facebook, esp from Malaysia, Singapore, Indonesia, India etc etc. Not sure if this applies to the western countries though
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  • #37
  • Jun 17, 2016 9:23am Jun 17, 2016 9:23am
Due to the upcoming referendum in the UK, we expect abnormal volatility on the market and will be making changes to the leverage and margin requirements for certain instruments.

We will lower the leverage for the whole referendum week. This change will affect both existing and new orders.

Starting from market open on June 20 until market close on June 24, our standard leverage rates will be reduced as follows:

all GBP pairs - from 1:500 to 1:25 (4% margin requirement)
all EUR pairs - from 1:500 to 1:100 (1% margin requirement)
UK100 index - from 1:100 to 1:20 (5% margin requirement)

Accounts that do not have a standard leverage setting will have their leverage changed by the same proportion as indicated above.

Depending on the market conditions, we may enforce close-only regime for certain currency pairs or indices. Large accounts that accumulate substantial market exposure may see their account leverage lowered further, subject to prior warning.

Please also consider that Bid/Ask spreads will most likely be considerably wider during market volatility, which could affect even hedged positions.

Because of this change, you may need to close trades or add funds to your account or risk a possible margin closeout if you currently have an open GBP, EUR or UK100 positions with higher levels of leverage and do not have enough funds in your account to cover the increased margin requirements. We strongly advise you to perform the necessary funding actions well in advance, in order to ensure your account will be well funded before the leverage is lowered.

The affected pairs will return to prior leverage levels after the market close on June 24, 2016.
  • #38
  • Jun 29, 2016 2:40pm Jun 29, 2016 2:40pm
The servers are down over 30 minutes
No support No phone answering
what kind of F--king broker is this ?????????
  • #39
  • Jun 29, 2016 2:50pm Jun 29, 2016 2:50pm
I am experiencing the same issue that all servers are down 45mins ago.

No reply from their support yet.
  • #40
  • Jun 29, 2016 3:08pm Jun 29, 2016 3:08pm
waw i have same problem ,,, also login to personal area all data is clear ,,, any body have information about this one
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