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Best Broker for Extreme Scalper - When Spreads Matter

  • #141
  • Feb 3, 2015 12:04pm Feb 3, 2015 12:04pm
Quoting jen101
{quote} Perhaps, but I wouldn't chance it . Anyhow, I think Tickmill are after the unregulated market.
Yes but keep in mind that even if what you say would be true, that does not mean you will automatically have issues with them. I'm convinced that they run a honest and trustworthy service
Forex is a losers game.
  • #142
  • Feb 3, 2015 3:39pm Feb 3, 2015 3:39pm
Tickmills spreads are not as good as you guys might think. There are tighter spreads out there.
  • #143
  • Feb 4, 2015 1:36am Feb 4, 2015 1:36am
Quoting wowzers
Tickmills spreads are not as good as you guys might think. There are tighter spreads out there.

Well, I had no experience with Tickmill but comparing their spreads of ECN account and Hotforex Zero spread (both raw spreads without markup+comissions), first one charges 4$ round-turn, while on Hotforex it is a 8$, what is two times higher.. But transaction charges is only a half of a deal, it is wise to take a careful stock of execution and slippage occurrences, it probably sucks and easily make up for any spreads and commission discounts. I'm quite satisfied about execution on Hotforex, but don't know about Tickmill's one..
  • #144
  • Feb 4, 2015 3:01am Feb 4, 2015 3:01am
Did anyone have a look at FXPig.com ? I'm a scalper too and I need a new broker instead of Alpari UK. I have just downloaded their ECN demo and it looks good so far in terms of spreads but their commissions are higher than Dukas and LCGFX.

ECN Commission Level

Per MillionPer 100k
29 2.90

ECN Volume Discounts Available*
Volume Per Million
250M 27
500M 25
1000M 23
2000M 20
*Based on closed trading volume of the previous month.
  • #145
  • Edited Feb 9, 2015 5:19am Feb 8, 2015 10:14pm | Edited Feb 9, 2015 5:19am
Quoting jen101
A requirement of regulation is that all client funds are segregated. Nowhere on Tickmill's website does it state that they segregate clients' money, so I doubt that they do.
Welll, in a mail they sent me when changing To Tickmill, Armada wrote :


"Your funds will be kept segregated in the top-rated banks under the supervision of the FSA."

So i suppose (I hope !) the funds are indeed separated.
  • #146
  • Feb 26, 2015 11:52am Feb 26, 2015 11:52am
I use Oanda as Im still trading mini lots. I like to scalp the one hour chart but have noticed that during news times the spreads can go up to 15 pips or more.

I know Oanda is not an ECN broker. Do ECN brokers also have these high spreads during news time?

Would greatly appreciate some feedback on this. Thanks
  • #147
  • Feb 27, 2015 2:16am Feb 27, 2015 2:16am
Quoting shrike
You can switch the .5 pip quote display to .1 pips with in TWS preferences.
Not sure about that... I tried it but it didn't change the spread just the decimal precision .5 becomes .50 or .500...
  • #148
  • Feb 27, 2015 10:26am Feb 27, 2015 10:26am
Quoting actalis
{quote} Not sure about that... I tried it but it didn't change the spread just the decimal precision .5 becomes .50 or .500...
Did you change the setting shown in the attached? Works for me.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 106 KB
  • #149
  • Feb 27, 2015 1:50pm Feb 27, 2015 1:50pm
Yes it works! Thanks a lot mate!
TWS is so complex to configure... I went through the various options in the FXTrader window instead as it would have seemed like the logical place to tweak this and I couldn't figure this out
  • #150
  • Feb 27, 2015 4:19pm Feb 27, 2015 4:19pm
Quoting actalis
Yes it works! Thanks a lot mate!
Glad you got it working.
  • #151
  • Mar 2, 2015 5:01am Mar 2, 2015 5:01am
Quoting fido
Did anyone have a look at FXPig.com ? I'm a scalper too and I need a new broker instead of Alpari UK. I have just downloaded their ECN demo and it looks good so far in terms of spreads but their commissions are higher than Dukas and LCGFX. ECN Commission Level Per MillionPer 100k 29 2.90 ECN Volume Discounts Available* Volume Per Million 250M 27 500M 25 1000M 23 2000M 20 *Based on closed trading volume of the previous month.

Not sure about claimed "Top tier liquidity providers" on FxPig DMA account. I'm on Hotforex commission based account and prefer to pay a bit more and get a good tight quotes rather than get a mess with slippage and spread widenings on some less-known platform. But after all it's matter of choice though. Testing waters is definitely not my preferable role
  • #152
  • Mar 3, 2015 5:01am Mar 3, 2015 5:01am
best brokers for extreme scalping are those who provide the narrowest spread, better if it's fixed. and also semi-auto withdraw mode
  • #153
  • May 10, 2015 12:50am May 10, 2015 12:50am
Quoting wowzers
Tickmills spreads are not as good as you guys might think. There are tighter spreads out there.
for example?
  • #154
  • May 10, 2015 3:56pm May 10, 2015 3:56pm
Quoting vinix
{quote} for example?
there's lot you can found while using myfxbook spread comparison. and there's few brokers offer lower spread than tickmill has, depend on currencies or commodities trading instrument. but spread are not the only thing to consider, for example with ECN account commission charged are one crucial thing to check before had clear view upon our total transaction. personally I also narrowed by payment method broker's has, electronic payment one of important feature, and perhaps these why I use their ECN service as diversity account among trading accounts I currently held with.
  • #155
  • Jul 8, 2015 9:15am Jul 8, 2015 9:15am
Anyone here traded with Tickmill and Darwinex or Directfx from Australia CQG fx platform?
  • #156
  • Oct 6, 2015 11:02am Oct 6, 2015 11:02am
Hey everyone,

After beeing away from forex for like 2 years i wanna try out an new broker , like also been posted in first post i need some critaria's

-ECN
-NDD
-Regulated ofcourse

Now i came across IC markets and they look decent , just if you gonna read reviews its so messed up , some good and some bad unable to
get any idea of what broker might be good at this moment , so i might wanna know if you guys have some good broker ideas ?

Ofcourse i know that 90% in forex are on the losing side so have a lot to complain , just look at this so random
http://www.forexpeacearmy.com/public...ets.com?page=2 (anyone know anything about that FPA Traders Court guilty verdict)

Good luch trading everyone!
  • #157
  • Oct 6, 2015 2:24pm Oct 6, 2015 2:24pm
Quoting alex1976
I use Oanda as Im still trading mini lots. I like to scalp the one hour chart but have noticed that during news times the spreads can go up to 15 pips or more. I know Oanda is not an ECN broker. Do ECN brokers also have these high spreads during news time? Would greatly appreciate some feedback on this. Thanks
Hey Alex !
ECN brokers mostly have a really low spread , but you pay commission for example $7 per full lot size
And Thats Actually not bad most are Around 1 PiP for Major pairs.
If you count all togheter

But with oanda you play against them if you lose they win !

So if you wanna scalp try finding a Good ECN broker there you dont play against the broker so they wont try to be in
Your waters And do whatever they can to make you lose.

If im right you should also find a STP broker this sends your orders straight to the banks without beeing able to interrupt

Also a STP
  • #158
  • Oct 23, 2015 4:15am Oct 23, 2015 4:15am
tickmill do very strange thing. I had a lot of margin call, then they sometime put money to my account, but the money is not real, I can not using it.
Then suddenly desapeared to recover original state. Seem they watch my accout very deeply and play with my account.

I do game with market make and tickmill. so always I lost all.
  • #159
  • Nov 6, 2015 4:31am Nov 6, 2015 4:31am
Quoting ihyunsoo
tickmill do very strange thing. I had a lot of margin call, then they sometime put money to my account, but the money is not real, I can not using it. Then suddenly desapeared to recover original state. Seem they watch my accout very deeply and play with my account. I do game with market make and tickmill. so always I lost all.
Have you tried to contact their support with your issue. Seems very strange.
  • #160
  • Nov 11, 2015 2:25pm Nov 11, 2015 2:25pm
When you do scalping always consider 2 things, it’s whether broker have any rules about closing or opening of trades, as I generally found this a massive issue with certain brokers. Now if you are cleared from that then seek for low spread and lastly, but perhaps the most important thing is to have execution instantly without re-quotes, so all these is what I get with Octafx and will suggest you to check it maybe it’s what you are looking for.
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