rob559 posted: been my broker since the 2 last years,the best i met with tickmill 😎😎
'Offshore' Tickmill or 'FCA' Tickmill... Big difference....
I guess it has been 'offshore' Tickmill as they just got their FCA approval recently. So you have been a brave man sending funds to an offshore broker which could ''fall off the Internet'' with all client funds...
For smaller lots and losing traders - in effect - they are 'false ECN brokers', i.e. they trade small lots and losing traders' trades 'in-house' by 'B-booking'. They play the casino inside the casino.
There is nothing wrong about providing in-house liquidity (i.e. 'B-booking') if done HONESTLY without using ''virtual dealer plug-ins''. Unfortunately, 'in-house' booked trades eventually and always get the infamous 'virtual dealer plug-ins' parasite software sold by dozens of vendors on Forex Expos. Please see the introduction from the manual of a plugin vendor attached (unless Admin removes it).
These 'plug-ins' are applied by brokers usually 2-3 months after a new client arrives, so these traders get 'comfy', less vigilant and carry-on their initial good impression. But eventually the 'honeymoon' is over... Should the client be CONSISTENTLY profitable and/or trading LARGE lots (i.e. 50+ lots) they are moved to the 'REAL ECN', i.e. 'A-booked' group, so the broker can - legitimately - claim being a ''TrueECN'' broker - at least for these clients...
How do I know...? I talked to a few owners of brokerages and industry insiders who had 'confessed' these facts to me. Some even admitted to not having any Liquidity Provider connection at all, i.e. 'B-booking' and 'plugging-in' EVERYBODY.
The only way to see the real impact of these 'virtual dealer plug-ins' is running the same exact EA from the same exact VPS simultaneously and checking the total pip gains after a few weeks (on older accounts, i.e. not in the 'honeymoon' period). That is what I have done, and seeing the striking difference between the accounts' performance was the tipping point to move most of my funds from ICM to a pure ECN - FCA regulated/FSCS insured - UK broker.
choilun123 posted: Like today, they dun open trading and most of brokers are in open. I don't think they are professional broker and seem like creating the disadvantage environment to trader. (simply say they want you lose money on their platform)
Correct. They trade AGAINST their clients by ''B-book'' them, so the only thing they are interested in that they clients lose their entire deposits, in addition to paying the spreads, commissions and swaps.
Like today, they dun open trading and most of brokers are in open. I don't think they are professional broker and seem like creating the disadvantage environment to trader. (simply say they want you lose money on their platform)
Although ICM is not a ''classic bucket-shop'' broker, it is definitely a ''B-booking'' broker (i.e. betting against traders) skinning small retail accounts with their nasty ''virtual dealer plug-ins'' parasite software (as 95% of brokers do by the way).
I have hard evidence of it by running the same exact EA - on the same exact CNS VPS - on an ICM ''TrueECN'' (yeah, right, what a name...) account and on an ECNpro account at an FCA regulated London based pure DMA/STP broker. The difference is striking: the ICM account has closed December is LOSS and the other one in PROFIT.
I have been with ICMarkets for a year and I can honestly say that this broker is legit. I really had no issue with them except one time the spread widened for a 100 pips on EUR/CHF after the close of NY and I had a trade open so it stopped me out. That doesn't happen normally, not that wide of spread I mean. Right before and after the NY close spreads widen because of the low volume so if you are a swing trader I would make sure that your stop is not too tight around the close of the NY. When I am in position I temporary manually remove my stop during that time and put it back when volume comes back which doesn't take too long. If you are a day trader than you shouldn't be trading around that time anyways. I take both swing and day trades and I use the MT4 platform and it works flawless, never had any requote. Hope this helps.
Happy stressfree trading!
peter977 posted: Is there someone who is trading with this broker more than a year? Please send me message. I want to know if this broker is scam, or is really the best. Thanks[/quotea
My tests showed good results in terms of spread, even during news. This broker seems to be among the best ones in the market. I am not quite sure if they are market makers or not, though. Maybe it depends on the account you open with them...
sameerbusiness posted: yes good for small accounts under 500 or 1000 once u become big they will start playing its better to join Globalprime else then joining icm
Yes, you are 100% correct....I used to have almost USD100k with them....when you start making profits and withdrawals, that's when all sorts of weird things happen to your trading account......and, as someone had posted at the FPA, their senior managers are real 'pricks'...and I couldn't gree more with that term...should rename to I-See-Bucketshop
Yes, Globalprime is one of the best ASIC regulated broker!
I had found ICMarkets in some rating and decided to check it out. Now I'm also trade there. Good execution, tight spreads, professional CS. Besides it ASIC license and STP model of business make me sure that I deal with honest broker.
yosi408 posted: Anyone know a broker really fast? When I click, even when there is news? I mean a few seconds after the news - when the price moves fast in zig-zag - I want to catch the end of the zig-zag
sameerbusiness posted: Well IcMarkets is a B Book broker and they play with u if u make good profit Slippage i was getting even 10 pips and very bad execution speed which was cauing very high Slippage when i tell them they show me its from LPs not from them so this means ICmarkets using shit LPs cant trust them maybe for account less then 1K they are good once your account goes over 1K they will kill u
Is this on the mt4 platform or the ctrader platform?
Well IcMarkets is a B Book broker and they play with u if u make good profit Slippage i was getting even 10 pips and very bad execution speed which was cauing very high Slippage when i tell them they show me its from LPs not from them so this means ICmarkets using shit LPs cant trust them maybe for account less then 1K they are good once your account goes over 1K they will kill u
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