Tickmill review - Regulations, Platforms, Instruments and User Ratings.

I'm a FPA member for more than 5 years. I don't post the reviews but this broker really pleased me. I have a live account with them.
The execution is fast and the spread is a dream - 0 pips on Eur/Usd with 0,2 pips commission /position. I can trade how I want, without any restriction. I don't feel they trade against me. Generally, I use an EA for trading.
On 29.05 they had a technical problem for about 15 min.with their server and my MT4 keep connect and disconnect every 2 seconds.
Before this problem my EA opened 9 positions and was not able to close them due to this problem. When the problem was fixed the price was 50 pips away and I took a big loss because my EA closed the positions immediately.
I contacted their support and I told them what happened. I was waiting a long bla, bla without end that was my fault, my computer, my EA etc.
In less that 5 minutes they check the logs , reverse the trades and refund my account.
It was the first time that a new broker act so quickly to solve such problem.
Till now, really no problem with Armada. Hope they will continue with the same services .

What i can say after 2 months with them:
- Support is extremely fast + good
- Spread is very good in average, but also very volatile on spikes. I had original tick data to backtest and had trades with >10pip spread on EURUSD. So you absolutely need an EA able to control spread and then skip those entries.
During the asian session spread is very poor in average. Not suitable for night scalpers.
- I had the impression they are serious and not chasing my SL or playing games
- LMAX seems to have a big lack in liquidity. If you look on their website you can see st 100 - 500 on Bid/Ask, but these are MICROs! So they only have 10 - 50lot on each side. For other brokers you can add a zero.
- Tick scalpers did well in the beginning and then gone worser and worser. I executed over 700 trades in one month and i nearly not had a single trade without unfavorable slippage ranging between 0,1 and 5pip. At the moment its mostly between 0,5 and 1pip, both for exit + entry. Overall you can loose 1,5pip on the whole trade.
- I also traded on some LMAX false ticks, causing slippage of ~70pips. Trades were all refunded, however these were with 0,01lot. I asked, if these would also have been refunded with 1lot. I never got an answer.
- I know from trading buddies trading directly with LMAX, that they also all have increasing issues with slippage and nearly all stopped trading.

I paused trading with them, but will be back, if they hopefully be able to handle the liquidity issues.

Overall: The best retail broker i found since 2 years. Keep up the good work!

All is still good with Armada. Have had no problems and any questions or help I have had were addressed quickly and professionally.

2012-07-16 4Star I placed my first trade with Armada June 26 12.
I have had no problems or concerns to this point.
Customer service, trade executions, spreads, all good.
Will continue to post any experiences I have with them.

at first they were doing fine when i started using them.when i have build my money from $100 to around $1000+,i had a trade and they slipped my price to a price the market never reached around 40 pips+,and when the market retraced they never acknowledge my stop loss.they claim it was from their service provider.and the are telling me they don't do MIRACLE,the wiped out all my money from $1000+ to like $100+...Below their reply...Dear Ibraheem,

we totally understand your concern, but there is nothing we can do, because we are not the market-maker, we just re-translate what we get from the exchange LMAX and other liquidity providers. Your order was filled during extremely volatile market conditions, while spread was very wide. Hi of that candle was 0.8450 (bid) but ASK, which triggered your BUY order, was 0.8464. Your stop-loss slipped as well, as during 1 minute nzd/usd went ~60 points. We attached 2 print screens from LMAX with BID and ASK prices at that specific moment.

Best regards,

Client Support
Armada Markets

Peitrek,

We do not have a client with your name. Nor have we had any such correspondance you are referring to. We can provide any proof of any bank wire or other payment info that has been made by us. Just send us an e-mail.

We process Moneybookers, Liberty Reserve, Neteller, credit/debit card withdrawals within 1 hour during European working hours. Any actual client of ours can confirm this.

I kindly ask you to be honest when you post anything on this website about Armada Markets or any other broker.

Good luck!

Illimar Mattus
Chief Financial Officer
Armada Markets AS
Phone: +372 68 631 63
E-mail: illimar@armadamarkets.com
Website: www.armadamarkets.com
Skype: armadamarkets
European head office: Tornimae 7, 10145 Tallinn, Estonia

Super low spread and fast execution, I'm happy with this broker so far. very nice customer service. Deposit and withdraw processed in 5 minutes using Liberty Reserve

When I first started with Aramada Markets I thought that they were a good broker. After being with them not for 8 months I have realised that they are one of the worst brokers around. Slippage is terrible around the news and service is poor. I hate the fact that they say they are regulated by the FSA but when looking into it further it is the "ESTONIAN FSA" not the UK FSA. They are misleading people pretending to be safe and secure.

I have wasted to much time with them and it is time to move back to an AISC regulated broker that is professeional and not run out of a country with a unstable political party. I see another Cyprus happening here and alot of traders crying soon, time will tell.

For me the slippage I really what has broken the camels back, and then there is the fake positive reviews in this thread. Who does this broker think they are?

After my experience with them I would advise traders to look elsewhere and not belive the positive reviews they read.

Excellent broker. Very good support even and the weekends. Very fast deposits/withdrawals and very good spreads and commissions. I am happy with them and they are the best broker I have try untill now.

Very good broker, low spreads, fast withdrawals and deposits.

This is the only broker that I have used which has charged for credit card withdrawals, they charged me 1% just to get my money back, I cant understand how they can do this. Some people say they have good service but this is not what I experienced when complaining about the withdrawal fee, "bugger off" is basically what they told me. Not the best broker at all.