ASIC has basically told Aussie brokers this: "If you accept clients from country xxx, make sure you comply with the rules/regulation of country xxx". This basically means if you accept a client from, say, Indonesia, you need to comply with Indonesia ...

HI Reteid, There is one scenario the above has not catered for but I am not sure if it is possible. e.g. if you are in Australia, IC Market customers trade using ".a" symbol e.g. EURUSD.a, GBPUSD.a. Marketwatch has both .a and non .a symbol. If you ...

About 90% of my trades with IC Market closed with positive or no slippage. You must be new to trading (or writing EA) if you are not familiar with how manage or reduce slippage.

Since your system is profitable, why are you changing broker? you have found the broker, isn't it?

I am curious, of all the hundreds of brokers, why do you choose this one? They are lots on myfxbook where you can see the spreads and maxglobal is not one of them- that means they are not advertising their brand. Somehow you manage to find this ...

for those of you that withdraw using paypal with IC Market, does paypal charge you a few for receiving the money? Thanks

those that are under ASIC need to use the .a suffix. Previously you do not need any suffix. Since most customers are with non ASIC entity, they decided the to use .a for ASIC since it affects less customers. The reason is that ASIC customers have ...

Looks like IC market has open a Bahamas jurisdiction. When I asked why they have Bahamas and seychelles, i.e. what is the difference, they couldn't tell me.

Transferwise is not a bank, so it need to use a bank. e.g Transferwise use DBS if receiving money in SGD and another bank for AUD. Both DBS and Australia bank will charge for receiving the money if it comes from overseas. Was the withdrawal done ...

Looks like IC Market Global has changed their bank from National Australia Bank to Citibank in London. IC market claimed that Citibank does not charge any fee to receiving the money or transfer, but intermediary fees may exists. I guess if your home ...

just a note for those interested in 8cap/blueberry. I visited 8Cap office in Melbourne before I opened an account with them. Important differences between 8cap and IC market (or other ASIC brokers). 1. their trading servers are in HK (and maybe ...

I suggest you try other brokers like global prime? I suggest you stick with ASIC broker but with other offices rather than totally unknown broker. Getting your money out is just as , if not, more important. If a broker cannot onboard an australian ...

myfxbook stats will remain the same, no changes required. Like I said the earlier post, the server is the same. But from accounting point of view, they will need to "withdraw" from ASIC and "deposit" into Seychelles. You will see a withdrawal and ...

switching actually takes only a few minutes. Remember ICM backend is the same. That is why you need to close open trades. The the acct balance is then recorded as SCY balance instead of ASIC balance. the servers are renamed e.g. icmarkets-live20 ...

The limit is 200 open orders. I have experience this and also mentioned on their website.

Tony, The point I was trying to make is that IC market seychelles is regulated by seychelles authority. Does seychelles authority prevent an australian resident from signing up? IC markets seychelles does not prevent a EU resident from signing up. ...

Portree, In theory you are allowed to open an account in overseas jurisdiction belonging to Aussie brokers e.g Seychelles for ICM, Bahamas for Pepperstone, Vanuatu for Global Prime. The regulation in those countries do not prohibit Australians. Also ...

I deal with AFCA/ASIC quite a bit in my previous line of work. ASIC rules covers corporate entities and by default all the clients/customers of these entities. It doesn't matter whether these customers are in Aus or overseas. So if you reside in ...

One thing strange about blackbullmarkets is that their NZ company do not accept NZ citizens as clients. This was the rule when FMA clamp down on forex trading. If an NZ company doesn't accept NZ clients, what does it says about being regulated? Also ...

How do you install multiple MT4 in wine? I manage to install first one and it puts a desktop shortcut. Subsequent ones I manage to install and run but there is not desktop shortcut. Once I close the MT4, I am not sure how to execute it again? Thanks