Tickmill

Finally I moved all my funds to Tickmill from 3 other brokers after learned they opted for stricter control under FCA. It's really been great pleasure to trade with them as execution is far better than with any popular brokers like FXCM and IC. After 1 year of experience and withdrawing more than 50K from them without any problems I would say they are best in terms of balance between safety and quality.

So you are satisfied with Tickmill i just recommend them because of good experience and i begin IB just to offer traders 5% commission discount

I've been back testing tickmill with a small amount for sometime now, I can say that execution is better than my previous broker. I compared the prices and locked also a LOT of positive slippage trades. Everybody creates a lot of noise about various other brokers But in the end of the day, How much are you paying your broker?

I dare you to check and calculate your trading history, last year I checked my trading history on my previous broker, 8K lots in 1 year, payed 80K to them 😡.

This year, for the same trades, same positions I will be paying only 32K.. I am saving 48K in a year because of my move into tickmill. I cannot thank them enough for that, so I came here and posted my experience with Tickmill. 😄

For me at least, it makes no sense to trade anywhere else.

Drolph posted:
I was in the process of opening an account with them.

However, I have trouble verifying my residence for a very unprofessional reason.
I am trading with up to 10 different brokers and always used a bank statement or bill (or both) where private financial or tax related details are censored, as they are not necessary for the verification of my residence/address.

They insist on these details although there is no valid reason.

Why? I have to prove where I live, not what I am paying to someone!
They call regulation as reason.. well.. just three examples, Activetrades, Darwinex and Onetrade, who are all under the same UK regulation were happy to verify my adress without(!) the need for discrete financial details. And I am sure they are not acting against the regulation by doing so.

Well, no problem - I am using one of their competitors instead, who treats and respects their clients in a professional and discrete way.

Privacy is a sensitive topic and should be taken with care - especially from a company I am willing to entrust my money. Low commission is not everything.

I am encouraging every trader to think about this!

Based on this experience Tickmill is NOT recommended.

onetrade,, please carefully, no <<website>> on FCA page.

I just opened an account with these guys. The process was very simple. Now that they are FCA regulated, I have taken funds out of some of the other brokers to fund the account with Tickmill. My only complaint is that they did not accept broker to broker transfer so I had to take funds back to my bank account and then send them a wire. It just took longer, but they said it was the rules according to their compliance. I love the trading conditions these guys provide, so I thought it was worth the little effort from my part.

I have now a validated account with Tickmill. It took me slightly longer time but I am going with them long-term. I understand that UK brokers have more strict customer onboarding procedures. Since I am from Europe then I was not able to open account with them before when they only had Tickmill Ltd company.

I will keep you posted how it all goes. I have heard good stuff about them.

Drolph, if I had similar experience like you I would have elevated the issue to the management of Tickmill. I think Duncan Anderson, their CEO has long industry experience and they surely can improve stuff that can be improved.

Happy trading!

I was in the process of opening an account with them.

However, I have trouble verifying my residence for a very unprofessional reason.
I am trading with up to 10 different brokers and always used a bank statement or bill (or both) where private financial or tax related details are censored, as they are not necessary for the verification of my residence/address.

They insist on these details although there is no valid reason.

Why? I have to prove where I live, not what I am paying to someone!
They call regulation as reason.. well.. just three examples, Activetrades, Darwinex and Onetrade, who are all under the same UK regulation were happy to verify my adress without(!) the need for discrete financial details. And I am sure they are not acting against the regulation by doing so.

Well, no problem - I am using one of their competitors instead, who treats and respects their clients in a professional and discrete way.

Privacy is a sensitive topic and should be taken with care - especially from a company I am willing to entrust my money. Low commission is not everything.

I am encouraging every trader to think about this!

Based on this experience Tickmill is NOT recommended.

this is great news finally Australians will be able to open an account with Tickmill which keeps spreads tighter during news events than others. cheers

So the big announcement Tickmill talked about couple of days ago was about the FCA UK licence that they now received. Congratulations guys!
__________________________________

Tickmill Expands its Global Footprint with an FCA UK Regulated Broker
November 9, 2016

November 09, 2016

We are proud to announce that our UK entity, Tmill UK Limited, is now licensed and regulated by the Financial Conduct Authority (FCA), under registration number 717270 - https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000001HjJatAAF.

The FCA is a financial regulatory body in the United Kingdom, within which the most prominent financial services firms operate. FCA regulated brokers must adhere to the strictest financial standards, including capital adequacy requirements, full segregation of client funds and transparency of business operations.

The acquisition of the prestigious FCA licence is an important milestone for our global organisation that serves a live client base of over 20k clients and processes more than 3 million trades a month.

As a truly STP and ECN broker with a strong presence in key markets in Asia, the Middle East and Africa, we are set to expand our reach in the UK and the European Union, providing traders with the opportunity to benefit from our competitive pricing, high levels of financial security, superior execution speed and personalised customer support.

Our existing clients can continue to trade and enjoy our current benefits and excellent trading conditions, while at the same time know that our organisation has received recognition from one of the most respected financial regulators in the world, the UK FCA. New clients from the European Union and many other countries can open a trading account with our UK entity, starting from today.

Tickmill UK will be overseen by Duncan Anderson, who has been appointed as the Chief Executive Officer of Tickmill’s UK operations. Mr Anderson has extensive experience in financial industry and before joining Tickmill, he held various management positions in renowned financial firms. His strong industry knowledge will support Tickmill’s vision to become the provider of choice in terms of quality of trading services and customer experience.

Speaking about the FCA licence, Mr. Anderson commented: “The FCA authorisation marks a new chapter in our history as we expand globally. There is now a clear path to enter the European market with a firm commitment to put our clients’ interests at the heart of our operations and to deliver brokerage services of outstanding quality.”

You can read more about Duncan Anderson and his views on Tickmill’s growth strategy by clicking here.

With the FCA licence, our clients can expect more developments to come, as we are committed to increasing our product offerings and to enhancing our trading services.

I have received this letter from Tickmill today. Does anybody know what they are going to announce next week? They are buying some broker? Going to do an IPO?

Link to letter:
https://bit.ly/2fjgnYk
_________________________________

Dear Client,


Get ready for more with Tickmill !

We are excited to inform you that some time next week we will be making a major positive announcement to all of our valued Clients and Partners. Our global team has been working for many months to reach this important milestone and we want to share this success with you.

Stay tuned for our big announcement, as the countdown has started.

Kind regards,

Tickmill Team

ahmedfouad posted:
Hi There....May I know from traders of this broker since 2015, how did this broker react to SNB sudden intervention on CHF with movement of over 2,000 pips in few minutes in Jan 2015..? Was STOP LOSS filled for who were long on CHF pairs? or it was large negative slippage like most of other brokers without filling any SL?
Regards,

There was NO liquidity on the market, so many orders with same SL were closed at different price. I didn't hear any terrible stories from tickmill traders I think there were a few traders that had this position opened.
What I certainly know they covered all negative balances. One guy had -20K (read this on FF) and they covered it as well.

https://prntscr.com/cjoo3q

See the Slippage with Tickmill

Hi There....May I know from traders of this broker since 2015, how did this broker react to SNB sudden intervention on CHF with movement of over 2,000 pips in few minutes in Jan 2015..? Was STOP LOSS filled for who were long on CHF pairs? or it was large negative slippage like most of other brokers without filling any SL?
Regards,

i can't only speak for myself... i had this issue with Tickmill only with an EA, which sent ~20 modify requests per second. Best is to ask their support

cyberryder posted:
All strategies ARE allowed. It's NOT allowed to BOMB their server with messages. This IS included in their T&Cs '...excessive use of infrastructure...', if i'm not wrong. This is not allowed with any broker normally. Just any broker handles it different / has another limit. Just ask their support how many modify requests they allow.

Wow,my trade only lasts for few seconds on scalpers,May be my EA sends 5-10 requests modify requests when order is triggered once a day.I traded with many brokers like Peppperstone,IC Markets,FXgrow ,FXPIG etc.,Never had this order lock issue anywhere.I am quite sure 10 modify requests for a few seconds, once/twice a day will not come under excessive use of infrastructure.Some times the order is locked for the 4th modify order request itself.

All strategies ARE allowed. It's NOT allowed to BOMB their server with messages. This IS included in their T&Cs '...excessive use of infrastructure...', if i'm not wrong. This is not allowed with any broker normally. Just any broker handles it different / has another limit. Just ask their support how many modify requests they allow.

cyberryder posted:

john562 posted:
Beware of this broker.They say 'All strategies encouraged'.But,When you try to modify your order a few times,they lock your orders.I mean you cannot even close them.You see [ORDER IS LOCKED] in your journal.This is cruel than offquotes..

If trades go negative after the order is locked,you have to contact the support team to close the order.If the market is fast,trades go negative,you will lose your entire deposit not able to close such locked orders.

How can a ECN broker lock orders like this?Completely unacceptable.Their support is arrogant,After you lose money, they say 'Thanks for your feedback on Locked orders.We will investigate the situation'

They are doing this every day,week in week out,locking orders....Complete scam

i also had this. It's very dangerous. However it's the fault of your scalper EA. It sends too many modify requests in a too short amount of time. Always test such things with 0.01 lot before

In that case,Tickmill should atleast mention that fast scalping is not allowed and also write about this ORDER IS LOCKED thing in their Tems and conditions/execution policy.How can they say that 'all strategies are accepted' when they lock out their clients' orders like that?

john562 posted:
Beware of this broker.They say 'All strategies encouraged'.But,When you try to modify your order a few times,they lock your orders.I mean you cannot even close them.You see [ORDER IS LOCKED] in your journal.This is cruel than offquotes..

If trades go negative after the order is locked,you have to contact the support team to close the order.If the market is fast,trades go negative,you will lose your entire deposit not able to close such locked orders.

How can a ECN broker lock orders like this?Completely unacceptable.Their support is arrogant,After you lose money, they say 'Thanks for your feedback on Locked orders.We will investigate the situation'

They are doing this every day,week in week out,locking orders....Complete scam

i also had this. It's very dangerous. However it's the fault of your scalper EA. It sends too many modify requests in a too short amount of time. Always test such things with 0.01 lot before

Beware of this broker.They say 'All strategies encouraged'.But,When you try to modify your order a few times,they lock your orders.I mean you cannot even close them.You see [ORDER IS LOCKED] in your journal.This is cruel than offquotes..

If trades go negative after the order is locked,you have to contact the support team to close the order.If the market is fast,trades go negative,you will lose your entire deposit not able to close such locked orders.

How can a ECN broker lock orders like this?Completely unacceptable.Their support is arrogant,After you lose money, they say 'Thanks for your feedback on Locked orders.We will investigate the situation'

They are doing this every day,week in week out,locking orders....Complete scam

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