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The search for a good broker

  • #101
  • Apr 5, 2016 11:23pm Apr 5, 2016 11:23pm
Quoting available
{quote} Could you please enlarge what are pros and cons of both (of course if you tried them)?
The two are actually related, or perhaps owned by the same people.
  • #102
  • Apr 6, 2016 3:12am Apr 6, 2016 3:12am
Quoting asgcorp
bottomline is that you can't find a perfect broker that will match all the required criteria, regulation, levarage, segreggation, reliable withdrawals, etc. If you want safety of funds go with Baxter FX or SaxoBank but they have 1:50 leverage and a high entry ticket - starting with 50K USD.

SaxoBank has terrible spreads! Why Baxter Fx is so good? They have really useless website, no information at all about conditions, regulations etc.
  • #103
  • Apr 6, 2016 4:07am Apr 6, 2016 4:07am
Quoting brian.jer
{quote} The two are actually related, or perhaps owned by the same people.
Yes, same website design, same server location, probably Vi Pro is a derivation from Tickmill, anyway Tickmill (formerly Armada markets) is on the market by long time so, at least for me, between the 2, is the better choice
  • #104
  • Apr 6, 2016 12:44pm Apr 6, 2016 12:44pm
Well for scalping on big volumes I'd suggest to try Hotforex, they're CySec regulated, work from 2010 if I'm not mistaken, what's important for me offer free VPS on deposits over 500$
  • #105
  • Apr 7, 2016 1:22am Apr 7, 2016 1:22am
Quoting corre71
{quote} I use ticmill from long time and is very good for scalping eurusd. Used Vipro markets for about 2 weeks and in this period underperformed strongly Tickmill using the same robots due to much higher slippage. Tickmill, also if it is an off shore broker, is well know and has a good reputation
oh, isee,
anyway thx for your answer sir,
  • #106
  • Apr 7, 2016 1:59am Apr 7, 2016 1:59am
Quoting corre71
{quote} Yes, same website design, same server location, probably Vi Pro is a derivation from Tickmill, anyway Tickmill (formerly Armada markets) is on the market by long time so, at least for me, between the 2, is the better choice

They can be connected in some way, but they have different spreads (Vipromarkets has much better spreads), so they don't use the same liquidity providers. Same server location doesn't mean anything, most of brokers have sever in London or/and in NY.
  • #107
  • Edited 6:53am Apr 7, 2016 2:03am | Edited 6:53am
Quoting mrjinks
Hi, Mr. Insomniawawa and Mr. Shrike. Since you know well the subject about regulations in Oceania, would you please put a light about New Zealand broker regulations ? Do they also protect clients deposits ? I am thinking about opening a live account with BlackBull Markets (they seem very good)... Thank you very much for your clarifications... Happy pips for you, MrJinks.
I think this New Zealand broker looks much better https://titanfx.com. BlackBull Markets has website design as typical scam broker, it's suspicious for me I have bad feelings about this However, I haven't tried their services yet.

About New Zealand FMA regulation this can be helpful:
Attached Image (click to enlarge)
Click to Enlarge Name: capture2.jpg Size: 186 KB


So as you can see NZ forex brokers can actually run with very little regulation.
  • #108
  • Apr 7, 2016 7:57am Apr 7, 2016 7:57am
https://www.100forexbrokers.com/fx/broker_search.php

It's quite good website, where you can search for broker you're interested in.
  • #109
  • Apr 7, 2016 8:21pm Apr 7, 2016 8:21pm
Quoting insomniawawa
{quote} They can be connected in some way, but they have different spreads (Vipromarkets has much better spreads), so they don't use the same liquidity providers. Same server location doesn't mean anything, most of brokers have sever in London or/and in NY.
how you could said vipromarkets has much better spreads than tickmill?do you have experience with both of the so you can compare their spreads?
  • #110
  • Apr 8, 2016 2:12am Apr 8, 2016 2:12am
Quoting available
{quote} how you could said vipromarkets has much better spreads than tickmill?do you have experience with both of the so you can compare their spreads?
I know that from myfxbook:
Attached Image (click to enlarge)
Click to Enlarge Name: capture2.jpg Size: 169 KB
  • #111
  • Apr 8, 2016 3:20am Apr 8, 2016 3:20am
Right now finished to post on the Vipro Markets thread:
Yeas, spreads an Vipro are lower than Tickmill; Vipro looks a white label of Tickmill; but Vipro slips much more than Tickmill so at the end your trading costs will be lower on Tickmill. On Tickmill u can get interesting rebates, not on Vipro. Last and not least, Tickmill (formerly Armada) has a long time reputatio, while Vipro is on its beginning
  • #112
  • Apr 8, 2016 7:13am Apr 8, 2016 7:13am
Quoting corre71
Right now finished to post on the Vipro Markets thread: Yeas, spreads an Vipro are lower than Tickmill; Vipro looks a white label of Tickmill; but Vipro slips much more than Tickmill so at the end your trading costs will be lower on Tickmill. On Tickmill u can get interesting rebates, not on Vipro. Last and not least, Tickmill (formerly Armada) has a long time reputatio, while Vipro is on its beginning

I assume that you have tested both brokers, trading simultaneously on two accounts with same settings like stop loss and lot size. Could you give some examples of slippage on 2 accounts?

It's true that Tickmill (formerly Armada Markets) has good reputation and run business for a long time, but it doesn't have regulation (I can't count FCA Seychelles) . On the other hand Vipro Markets was founded in 2015, but is regulated by weak, but still CySEC and what's important is registered in BaFin (Germany), FCA (UK), ACPR (France), CONSOB (Italy), CNMV (Spain) and is MiFID compliant.
  • #113
  • Apr 13, 2016 4:02am Apr 13, 2016 4:02am
Still I can’t figure out what are the difference between CySec and Seychelles FSC. Which one is better?
  • #114
  • Apr 13, 2016 6:31pm Apr 13, 2016 6:31pm
Quoting savannah
Still I cant figure out what are the difference between CySec and Seychelles FSC. Which one is better?
in my opinion CySec is better than FSC Seychelles.
  • #115
  • May 19, 2016 1:19pm May 19, 2016 1:19pm
Quoting corre71
Right now finished to post on the Vipro Markets thread: Yeas, spreads an Vipro are lower than Tickmill; Vipro looks a white label of Tickmill; but Vipro slips much more than Tickmill so at the end your trading costs will be lower on Tickmill. On Tickmill u can get interesting rebates, not on Vipro. Last and not least, Tickmill (formerly Armada) has a long time reputatio, while Vipro is on its beginning
You can get rebates for Vipro Markets as well here: http://fxrebateclub.com/brokers/vipro-markets
  • #116
  • May 19, 2016 2:56pm May 19, 2016 2:56pm
Quoting Scythian
{quote} You can get rebates for Vipro Markets as well here: http://fxrebateclub.com/brokers/vipro-markets
I know.
As for regulation, except FCA UK or Asic AU, all other are useless.
As for Cysec, excluding few reputable brokers, most of the scammer brokers are regulated there
  • #117
  • May 19, 2016 3:32pm May 19, 2016 3:32pm
Quoting bagman
OANDA -Regulated like a mofo -500 million years old -You can start with no minimum deposit Be prepared to lose some money before you make some.
Very high spreads !
  • #118
  • Jul 29, 2016 7:34am Jul 29, 2016 7:34am
guess Tickmill are no longer best favored for EA trade, especially scalping trading system.
Attached Image (click to enlarge)
Click to Enlarge Name: slippageterror1.jpg Size: 130 KB

all those orders should closed at 15 pips stop losses based on my EA setting. well, result would be differ thanks to the slippage 'feature' . guess it's also a risk for us as traders, but we always had a choice to put our investment to better company ( any suggestion are welcome ).

no need to explain me how slippage happen, just want to everyone knows and compare. besides I already had best explanation of what slippage is, directly for the core.
Attached Image
  • #119
  • Jul 29, 2016 9:05am Jul 29, 2016 9:05am
Wow, what a shitshow. Is this during news or normal conditions?
  • #120
  • Jul 29, 2016 9:13am Jul 29, 2016 9:13am
Quoting fxindikator
guess Tickmill are no longer best favored for EA trade, especially scalping trading system. {image} all those orders should closed at 15 pips stop losses based on my EA setting. well, result would be differ thanks to the slippage 'feature' . guess it's also a risk for us as traders, but we always had a choice to put our investment to better company ( any suggestion are welcome ). no need to explain me how slippage happen, just want to everyone knows and compare. besides I already had best explanation of what slippage is, directly for the core....
All that happens because almost everybody concentrating on packaging but not on a content. If I'll say that I'm richest man in a world and I'm making hundreds of millions trading with MT - would you believe? No.
But when some nonameforexbroker.com says that they are NDD, STP, ECN, dealing with biggest financial institution, almost no spreads, no commissions, scalping allowed and 100% bonus - people lining in a cue to give them their hard earned few hundred bucks to support business owners expensive cocaine habits.
If to judge on your screenshot - slippage was around 1 pip. If that 1 pip is a deal breaker - stop playing HFT on a retail level and accept that you can't make money trading like this.
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