IC Markets
True ECN Connectivity allows you to trade on institutional grade liquidity from the world’s leading investment banks, hedge funds and dark pool liquidity execution venues. Executable Streaming Prices (ESP) are sent from IC Markets liquidity providers to our ECN envi
IC Markets
Overall
Stay away from this broker they manipulate trades:
My icmarkets account number : 407387
Yesterday 23pm EUROPE Paris time trade with Icmarkets NZDUSD news trade Official cash rate
I put a pending stop order 22:55pm, news came in the candlestick didn't move and just stood there for 3 min yet on my other broker the trades got triggered candle moved nicely down bearish and got my profit.
Icmarket 3min while watching the graph on the Icmarkets terminal suddenly the candlestick flashed in the bottom it literally just appeared and my order got opened after a 121pips downward move when bearish run had finished, instead of banking 121 pips profit i was forced to close the trade hence it got opened at the bottom of the bearish candle .
They obviously manipulated the order and only executed at the bottom when the run had finished and conveniently set this up with their market manipulation software.
Overall
hello everyone,
I need help with my broker as i'm a novice in these wanderings.
Last friday when nfp I had several orders pending sell stop and buy stop, which opened with a skid ranging from 2 pips and 115 pips.
When I realized I was the live chat and the operator who answered me told me to fill out a form and told me to fill as it had been many issues on Friday. He told me to wait for response from the trades department. After some insistence to have open trades and find that the broker (Icmarkets) should the void today received the following email.
""
Support (IC Markets)
Jun 10, 15:31
Dear Joao,
As your orders was submitted during market volatility (non-farm payroll), there was a 200 pip spike on EUR/USD and similar movement of other pairs where prices were moving very fast resulting in the slippage. There were no anomalies found in the execution of your orders. Please note that ICM offer variable spreads and execution according to live market conditions, we do not offer guaranteed stop losses or offer fixed spreads.
Let us know if you have any questions.
Kind Regards,
Sung Choi | Support Team Leader | IC Markets""
I disagree with this for this slippage is inadmissible and orders should have been off-quotes.
What do you think should I do ???
Overall
STAY AWAY from this broker!!!!
Not a true ECN broker. They have a very nice dealing desk to manipulate your trades. If you are simply trading with your EA without watching your log files, then you can continue trading hoping for making profit someday!!!
But I have multiple accounts with IC markets and on every strategy when it starts making some profit they will start sending slippage of 10 pips!!!! Also, the execution time becomes 600 ms or more where the latency of my vps is around 30 ms.
When I contact their support , they just keep on explaining on emails without fixing the problem and emails simply go on which clearly indicates that they are just a broker claiming to be a true ecn broker and try to avoid the situation if someone figures it out.
I gave them all log files with proof, they reply some nonsense or just don't reply.
Hence, be careful before opening a LIVE account. DEMO is absolutely fine.
Also, pepperstone is of same category and watch out.
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I have been with this broker....at least 3 different live accounts ranging from a few hundred AUD to almost AUD90k....for over a year.
At first I was really pleased and happy with this broker and even defended them in various forums when I read some negative reviews on them.
Even with all these many total stop-outs (at least six of them with this broker and many more with more than ten different brokers in the more than 4 years trading the forex market), I have never once made an issue or complaint on any of my account stop-out because I either saw that coming with margin-call warning or I was not monitoring my account(s) when the total stop-out occurred.
However, the latest account (relatively small just over AUD5k) total stop-out with ICMarkets was very, very strange and unusual in that, one moment I was monitoring the account which was hedged in one single currency pairs (USD/CAD) with over 450% margin level, but all of a sudden and without any margin-call warning followed by forced closures of highest losing positions, the account was totally wiped out and left with a negative -AUD30.27 balance. I was totally shocked.
After a couple weeks back & forth emails exchanges with their Support (three different persons) all explaining to me why account stop-out happen (as if I don't know after these numerous stop-out experiences), and possibility of market volatility or widening f spreads due to low market volume (none was happening on both), they simply could not explain why the account stop-out happened the way it did. Finally, they simply informed that they have exhausted all their explanations and left the matter hanging.
As I have already mentioned, I was once a very happy and satisfied client of ICMarkets and I thought all those very similar negative issues that some of their other clients have been posting would never happened to me because, as one of their owner emailed me a long time ago, ICMarkets & I understand each other.
Well, from being a well satisfied and happy client, I am now a very Unhappy & dissatisfied client.
Overall
i like www.icmarkets.com...
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I had a desire to work with them but then it disappeared. Thanks for the warning.
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I had $10,000 on my account during SNB news. I had opened 2 NZDCHF and 1 USDCHF and plus some small positions. During SNB news ICMarkets sent horrible unbelievable quotes like a 0.06050 on USDCHF which is causing my account to stop-out. During positions were closed i have $103,7 margin used. After stop out i have left $240 on my account.
After i get "adjustment" they thrown me $1884 like a for dog and they said it is final decision. I do not have to explain when i have $1884+$240 equity and while $103,7 margin used it is very far away from margin call and stop out.
They decide to not reinstate positions. They decide do not compensate more. I lost 85% of account while RIGHT prices was on 50% ( ~$5000 ) of my account.
Also i have another 2 accounts which is not get margin called or stop outed. I have there only 1 USDCHF and even with that weird misquote imy account was alive. After SNB news i was in shock and quickly closed that positions on both accounts. After that ICMarkets adjusted my closings, because i closed my positions ON WRONG PRICES, they adjusted 2 of my accounts and deposited some money.
But here is the shame they suddenly removed adjustment from these 2 accouns ! I have a daily statements where i can see adjustments, but on platform it is erased already and no money was refunded at all !
http://www.myfxbook.com/files/pirate_joe/Screen_Shot_20150123_at_23.01.14_z6.png
http://www.myfxbook.com/files/pirate_joe/Screen_Shot_20150123_at_16.43.40.png
http://www.myfxbook.com/files/pirate_joe/Screen_Shot_20150123_at_16.43.26.png
Overall
one of the most reputable ecn brokers , it drew my attention the regulation that it has , so it's recommended for whom who want to trade safely
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i have been trading on a strandard account with ICMarkets i find spread tight ,also i havent faced any troubles with the platform which enables scalping and EA .. and i think that withdrawal request processing is one of the fast as long as you make the request before 13:00 (GMt) Respectable Broker
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no us resident
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Is broker ok for US resident?
Overall
Great broker. Never had any downtime. Easy to trade lower time frames. Faultless.
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Never trade NEWS at IC Markets !!! Slippage is extremely bad compared to my other broker AxiTrader.
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their freezing issues are worse than ever!!
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😲
Bad point for this broker
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testing them in a fast way -
https://www.myfxbook.com/members/lavatrader/lava-trader/997106
i must say (i´m always only looking for weak points) there is not so many :=
ic denies to pay affiliate comission on index trading!
so i have to rate only 4 stars - its strange becasue its part of the instruments
i´m money manager and wont renounce on that
Overall
have been used icmarkets for one year, so satisfied will all the services is offered.
Overall
Too much freezing problem, even freezing during medium impact news. 😲
Overall
I tested their demo out for some time before moving onto Real time (ECN).
Compared it with many other brokers. Most important factor to me is the fact that they're Australia regulated and founded, along with of course, the spreads.
I want to fault them, but I can't. The only real concern I have is...when you're on top of the mountain, usually, the only way left is down.
I hope they keep with where they're at at present. A genuine trader can make a lot of money from this broker IMO. I spoke with Angus some time back and he explained numerous things to me about how the market actually works with regards to order executions and alike. It made great sense. In other words, other brokers inferring otherwise, would only be promoting fabrications IMO.
Their spreads lately during news times has remained really, really good. A very important factor to obviously take into consideration.
Segregation of accounts, again extremely important, especially if you start to make a lot of money i.e. six figures plus. You want safety and assurance in mind.
I've yet to experience any actually technical issue whilst being Lie with them also, which has been for more than six months now.
I guess if I were to nitpick...and I mean really nitpick, I'd say the only thing that would, IMHO, make this broker flawless, at present, was if they were to change their margin percentage to 50% instead of 100%, before open orders automatically get closed by them.
Apart from that, it's a 9.9/10
Overall
I have noticed ask and bid shown on different point and order executed on different.
i reconfirm rollers video
[img]https://charts.mql5.com/4/488/gbpusd-m1-international-capital-markets.png[/img]
burned 30$ account was checking broker .
ASK BID lines shown on chart are not executed.
STOPOUT level is such high ....
