Armada Markets forex broker, announced quite surprising news last week. This Estonia-born broker has decided to stop offering retail forex trading starting in 2015. Armada Markets wants to shift its focus to institutional clients such as banks, brokers, and hedge funds.


Let's visit the Armada Markets forex broker site now. An official statement from Armada Markets management reads, " Starting from 2015, Armada Markets focuses mainly on providing liquidity and services to banks, brokers and hedge funds ."

Transferred to Tickmill

As for retail clients who have registered with Armada Markets, they are automatically transferred to a new forex broker named Tickmill starting January 1. Tickmill itself has pocketed regulations from the Seychelles state forex trading regulator, and the specifications for trading at the forex broker also look no different from the retail Armada Markets, including the MT4 platform used.

Previously, the Forex magnates website reported that Armada Market was having problems with the Polish regulator, KNF, adding the name of this broker to the list of unauthorized brokers in September 2014.

As if going back and forth, the country where it is based, Estonia, also issued a warning. The Estonian Regulator (FSA) warned that Armada Markets is not yet regulated in Estonia even though it originates from that country.
 
This seems to be why Armada Markets switched its retail clients to the Tickmill broker. So far, there have been no negative comments about the Tickmill Broker himself. Several former Armada Markets retailers who were transferred to Tickmill also admitted that they had no trading problems, especially in terms of deposits and withdrawals, they stated in several forex forums.

And amid the commotion that hit global forex brokers due to the policy of the Swiss Central Bank (SNB), which revoked peggingIts 1.20 francs to the euro, Tickmill officially stated that it was not affected, because Tickmill does not re-quote, so its profitable clients can still keep their profits. Complete reviews about forex brokers can be visited at Review Brokers .