there is no issue. funds are still held with NAB AU. still the same team in australia serving u..
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DislikedI have some money with IC .. but I think its time to part... Im not sure how safe I feel with having money in a broker operating out of the seychelles...Doesn't feel safe enough and it feels to me that any day they feel they can turn around and tell you to F off and take your hard earned trading funds. Prove me wrongIgnored
DislikedThis mail did not reach all the traders, we are a group of traders that operate with IC MARKETS and this mail only reached the traders that represented a high risk for the brokers, most of them do scalpingIgnored
DislikedThis actually is good news! The new regulations are toxic and ridiculous and most traders already trade with offshore brokers anyway. The reputation, and trading conditions of the brokers are much more important than regulation. If you have large capital just split it between several offshore brokers and you are golden.Ignored
DislikedThis mail did not reach all the traders, we are a group of traders that operate with IC MARKETS and this mail only reached the traders that represented a high risk for the brokers, most of them do scalpingIgnored
DislikedThis is most shocking ..... If you read the IC market regulation page IC Markets (SC): When funding your trading account client funds are held in client segregated trust accounts at Barclays Bank Seychelles. IC Markets (SC) complies with the Securities (Conduct of Business) Regulations, 20018 and employs strict policies and procedures regarding the maintenance and operation of these accounts. IC Markets (SC) holds client money separately to company funds and does not use these funds for any operational expenses or purposes. Our Product Disclosure...Ignored
Disliked{quote} The migration is affecting "all overseas clients" - nothing to do with high risk. IC markets has a commission based earning model, they like scalpers - very much!! You must be based in AU for not to have received the email.Ignored
Dislikedthumbs up if u received the new email. dont have to post out content in case of jelly feelings. if u received it. u know who you areIgnored
Disliked{quote} disagree. outward ICMarkets has a commission based earning model, in reality they heavily depend on their 'B' side of the hybrid book and the number of clients to attract to place there to keep their outward tight spread, while acting as a discount rate bucketshop in reality. nothing wrong with this, until you know what you are up againstIgnored
Disliked{quote} What's your plan PF? sticking with them and migrating to Seychelles? I had them on my shortlist for Thailand but this kind of info, plus the whole regulation issue is massive reg flag.Ignored