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Exposure

Tickmill's slippage only hurts profitable trades. It's disgusting! In the past 30 days, I've made 32 USD/MYR trades, and 19 of them saw slippage exceeding 25 pips, while the slippage on losing trades never exceeded 5 pips. When I was making a profit of RM2,800, USD/MYR suddenly gapped down 30 pips, triggering my stop-loss, wiping out all my profits and leaving me with a RM1,200 loss. It's so blatant. I checked the BNM website, and Tickmill doesn't have any forex trading registrations, yet customer service insists it's "regulated in Malaysia." I once asked for the regulatory number in Malay, but they hemmed and hawed, unable to produce it, and hung up on me. Now, I'm down to RM28,000 of the RM75,000 I had with Tickmill. Be wary of brokers like this.