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  • #21
  • Apr 15, 2016 4:53am Apr 15, 2016 4:53am
Just had a chat with their support. One important thing i might add here:

They are promoting ECN accounts on their website - however they use an STP model for their clients. Just to let you know. No rating on this, simply as information.

Quotes:

"No Sir, the STP refers to the model of our broker, that means that we are not market makers, we have liquidity providers and the execution is Straight Through Processing. This applies to all of our account types."

"ECN refers to the technology we use applied to the STP model to deliver best possible prices"
  • #22
  • Apr 15, 2016 3:26pm Apr 15, 2016 3:26pm
Quoting f3n_dy
vipro has lower spread than tickmill,.. for the slippage, which one the best ?
Slippage is lower on Tickmill. Anyway do not trade on Tickmill very large volumes
  • #23
  • Apr 15, 2016 7:07pm Apr 15, 2016 7:07pm
Quoting corre71
{quote} Slippage is lower on Tickmill. Anyway do not trade on Tickmill very large volumes
It seems ViproMarkets is TickMill itself. The reason is that TickMill is not allowed to take European clients so they founded ViproMarkets. If spreads on ViproMarkets keep being lower like that, I may consider switching to them.
  • #24
  • Apr 16, 2016 6:26am Apr 16, 2016 6:26am
Quoting corre71
{quote} Slippage is lower on Tickmill. Anyway do not trade on Tickmill very large volumes
ok..thanks
  • #25
  • Apr 16, 2016 8:32am Apr 16, 2016 8:32am
Quoting brian.jer
{quote} It seems ViproMarkets is TickMill itself. The reason is that TickMill is not allowed to take European clients so they founded ViproMarkets. If spreads on ViproMarkets keep being lower like that, I may consider switching to them.
I also asked their support on their relationship to tickmill. They answered not beeing connected directly, though they are partners.
Do you have any proof for this interesting idea?
  • #26
  • Apr 16, 2016 11:37am Apr 16, 2016 11:37am
Traders watch only for spreads and commissions, and this is a great mistake. Slippage affect trasing, specially tight scalping a lot more than commissions and spread. The problem is that measuring slippage is not something everyone is able to do.
  • #27
  • Apr 19, 2016 1:23am Apr 19, 2016 1:23am
Corre,
Could the slippage in Vipro due to the high number of ticks? I noticed in myfxbook, vipro spread changed much more rapidly than tickmill.
What is your latency to vipro server?

Thanks.
  • #28
  • Apr 19, 2016 1:37am Apr 19, 2016 1:37am
Quoting reddevil
Corre, Could the slippage in Vipro due to the high number of ticks? I noticed in myfxbook, vipro spread changed much more rapidly than tickmill. What is your latency to vipro server? Thanks.
I don't think so.
I can confirm differences between broker tickrates as well, but this is no indicator for the amount of slippage. I am trading with them meanwhile live as well and yeah the execution is not as good as the one from my best broker, but as the spreads and commission are extremely competitive, some "extra amount of slippage" would be tolerable. Need some month for a serios validation.

They are still new in this business and although most of new brokers are bucket shops i am giving them a fair chance.
  • #29
  • Apr 19, 2016 3:56am Apr 19, 2016 3:56am
Quoting reddevil
Corre, Could the slippage in Vipro due to the high number of ticks? I noticed in myfxbook, vipro spread changed much more rapidly than tickmill. What is your latency to vipro server? Thanks.
More ticks= lower slippage
Latency 2 ms
Slippage on Vipro is sensibly higher
Anyway Tickmill increases slippage as soon u rise lotsize (and earn much money)
  • #30
  • Apr 19, 2016 4:27am Apr 19, 2016 4:27am
Sorry corre71, but that is NOT true.

The tickdata feed is no guarantee for a quick processing time and automatically lower slippage. For example, i own live accounts on ActivTrades 4 plus ActivTrades 5 ... ActivTrades 5 offers a way higher tickdatafeed. Nevertheless they got terrible slippage there, much worse than on ActivTrades 4. I can proof that.

Slippage does NOT correlate to the price shown in your Market Watch. This means you can get filled far from the displayed price.
  • #31
  • Apr 19, 2016 4:59am Apr 19, 2016 4:59am
Tick data feed of course is not the only element to be considered in the execution speed, but is a relevant part of it.

As for the ticks number u receive on your terminal, it depends from many factors: of course the first is the broker u are using, then the specific server of the broker where your account is linked, but also the VPS u are using, the OS running on your VPS, the number of terminals and chart u have open on the VPS.
Trades are triggered on ticks, if u miss ticks ur trades will not be executed at the price u wanted to be executed, but at the price of the following tick, or can also happen that u will skip that trade. So, more ticks u receive, more likely your slippage will be lower.

If someone think different, he is wrong 100%. Anyway i don't want to convince noone. But if someone really thinks that less ticks=less slippage, i can only suggest to do the needed homework and researchs better: just google and will find what you need
  • #32
  • Apr 19, 2016 5:15am Apr 19, 2016 5:15am
Of course should a higher tickrate be considered valuable.
I agree with you in the most parts but you were missing one important aspect. Orderfilling and tickdata value is not strictly connected! And that is not an assumption, this is based on my own experiences.

In case you have a STOP order placed somewhere and the datafeed triggers it at the desired price, the orderfilling itself is independent from the tickdata you are receiving. As you are getting filled for the best available(!) price (i am relying on ECN here), it might occur that you get filled pips away although the tickdatafeed never supported the filled price.

Though you are right, that slippage without any doubt also occur in cases your tickdatafeed is too slow covering fast market movements. But that's something totally different.
  • #33
  • Apr 19, 2016 5:20am Apr 19, 2016 5:20am
Quoting Drolph
Of course should a higher tickrate be considered valuable. I agree with you in the most parts but you were missing one important aspect. Orderfilling and tickdata value is not strictly connected! And that is not an assumption, this is based on my own experiences. In case you have a STOP order placed somewhere and the datafeed triggers it at the desired price, the orderfilling itself is independent from the tickdata you are receiving. As you are getting filled for the best available(!) price (i am relying on ECN here), it might occur that you get...
I think in some way we are saying the same things. People rely only on latency, which is only the top of the iceberg. That is OK, because only if u see the bottom of the iceberg u have some chance to be profitable with sensitive strategies, so less people competing for the small piece of cake
  • #34
  • Apr 19, 2016 4:44pm Apr 19, 2016 4:44pm
so what is the conclusion?
  • #35
  • Apr 19, 2016 5:58pm Apr 19, 2016 5:58pm
Quoting available
so what is the conclusion?
You have to determine the actual liquidity source first .

If they don't have a prime broker then they are using 2nd tier liquidity which will have small latency attached to it.

If they do have a prime broker then they may have a rogue bank pricing .. Not all banks price the same
  • #36
  • Apr 19, 2016 8:53pm Apr 19, 2016 8:53pm
Corre,
what lot size in tickmill that will increase slippage(1 lot? 10 lots?).

This is my conspiracy theory:
Let say Tickmill and Vipro uses the same feed.

Vipro reduce MT4 (bid/ask) by 0.5 pip each side for the MT4 terminal. This shows up very well on myfxbook and better than tickmill. But when you trade, you get the actual price, so for tickmill, you get the true price ( no splippage) but for vipro, you get same price as tickmill but this result in slippage since the bid/ask was reduced when you receive it in MT4 terminal.

Most traders will not detect 0.5 to 1 pip slippage, especially if they are not scalpers.

What do you think guys?
  • #37
  • Apr 20, 2016 3:57am Apr 20, 2016 3:57am
Quoting reddevil
Corre, what lot size in tickmill that will increase slippage(1 lot? 10 lots?). This is my conspiracy theory: Let say Tickmill and Vipro uses the same feed. Vipro reduce MT4 (bid/ask) by 0.5 pip each side for the MT4 terminal. This shows up very well on myfxbook and better than tickmill. But when you trade, you get the actual price, so for tickmill, you get the true price ( no splippage) but for vipro, you get same price as tickmill but this result in slippage since the bid/ask was reduced when you receive it in MT4 terminal. Most traders will not...
Strangely at 1 lot i have noticed a much higher slippage. This slippage is mostly on stop orders so cannot be related to VPS issues. I compare my trades with another person using my same strategy. I have then removed from the account another EA (running anyway on the same account but on a different terminal) which trades frequently and from then seems again acceptbale but too early to say. Probably Tickmill servers did not liked this other ea. Anyway, as usual will monitor the situation. Will also switch to anothr vps provider to reduce slippage on the exit order
But another possibility is that Tickmill did not liked the fact that i had a very good month with high gains. I will see if my changes will improve situation, if not will reduce balance and lotsizes
The best everyone can do is to spread capital on more brokers, so to be able also to make comparison
Anyway if u do not use tickscalpers slippage would not be a big problem
  • #38
  • Apr 20, 2016 10:04pm Apr 20, 2016 10:04pm
Quoting lasty
{quote} You have to determine the actual liquidity source first . If they don't have a prime broker then they are using 2nd tier liquidity which will have small latency attached to it. If they do have a prime broker then they may have a rogue bank pricing .. Not all banks price the same
as far as i know, to find out the truth about broker liquidity sources are a hard task.
i mean , both Tickmill or ViproMarkets could state in their website, their liquidity comes from banks and etc
so how we know a broker telling you a truth?
i was read about IC Markets several days ago, which is looks like , even they are tell us they are ECN, but many people are upset with them.
so how to find out the liquidity source?i think we never know because could we verify it?
  • #39
  • Edited 5:34am Apr 21, 2016 5:04am | Edited 5:34am
Regarding the connection (although there is no official one) between tickmill and vipro i found something interesting.

Tickmill once posted the NFP live spread coverage on youtube.
Inserted Video

Vipro is doing it as well.
Inserted Video


Now, just compare the identical window arrangement, spread indicator and overall presentation .. only the music is different.

Funny, isn't it?
  • #40
  • Apr 21, 2016 5:55am Apr 21, 2016 5:55am
Quoting Drolph
Regarding the connection (although there is no official one) between tickmill and vipro i found something interesting. Tickmill once posted the NFP live spread coverage on youtube. https://www.youtube.com/watch?v=CnFIr9hruMs Vipro is doing it as well. https://www.youtube.com/watch?v=ss04tOI_9sw Now, just compare the identical window arrangement, spread indicator and overall presentation .. only the music is different. Funny, isn't it?
Vipro video "April 1 is a beautiful day"all so perfect like a movie.
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