Are there any Europeans trading with IC Markets (ASIC reg)? | Forex Factory

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Are there any Europeans trading with IC Markets (ASIC reg)?

  • #1
  • First Post: Apr 20, 2018 4:10am Apr 20, 2018 4:10am
Are there any Europeans trading with IC Markets (ASIC reg)?

I'm used to only FCA accounts so far, and am a bit uncomfortable with a broker based with Australian regulation so far away.

Any Europeans that have done this?

Have you had any problems with withdrawals?

Problems of any kind with them?

THanks
  • #2
  • Apr 22, 2018 4:36pm Apr 22, 2018 4:36pm
Really??? No one here is trading with IC markets from Europe??
  • #3
  • Apr 29, 2018 8:05am Apr 29, 2018 8:05am
Quoting meyoik
Really??? No one here is trading with IC markets from Europe??
Yes, I'm based in London and IC are fine. I don't think that ASIC is as strong as the FCA, and you don't get the £50k balance protection, but IC is trustworthy.
  • #4
  • Apr 29, 2018 7:06pm Apr 29, 2018 7:06pm
Worst broker. Big slippage. Not suggested.
Intraday only.
  • #5
  • Apr 30, 2018 1:18am Apr 30, 2018 1:18am
Quoting navk
Worst broker. Big slippage. Not suggested.
You obviously do not have much experience with REAL scammers ..

ICmarkets is pretty much fair, though not really low priced.
  • #6
  • Edited 10:57am Apr 30, 2018 4:08am | Edited 10:57am
Quoting Drolph
{quote} You obviously do not have much experience with REAL scammers .. ICmarkets is pretty much fair, though not really low priced.
I compare apple to apple.

Have seen large slippages, I am out from them.
Intraday only.
  • #7
  • May 1, 2018 12:14am May 1, 2018 12:14am
I have taken up seriously with IC markets.

0.5 to 1.0 pips slippage is understandable but not 20 pips.

They resolved the matter for me. Compensated the losses.
Intraday only.
  • #8
  • May 2, 2018 11:30am May 2, 2018 11:30am
Quoting meyoik
Are there any Europeans trading with IC Markets (ASIC reg)? I'm used to only FCA accounts so far, and am a bit uncomfortable with a broker based with Australian regulation so far away. Any Europeans that have done this? Have you had any problems with withdrawals? Problems of any kind with them? THanks
Hi,
I trade with IC Markets - I have done for 4 years. Never had any issues at all.
Do you have particular concerns?
  • #9
  • May 8, 2018 2:27pm May 8, 2018 2:27pm
Quoting navk
I have taken up seriously with IC markets. 0.5 to 1.0 pips slippage is understandable but not 20 pips. They resolved the matter for me. Compensated the losses.
Outside of slippage, which I agree can be VERY demoralizing, have you had any trouble with withdrawals of your money?
  • #10
  • May 8, 2018 2:27pm May 8, 2018 2:27pm
Quoting londonboy
{quote} Hi, I trade with IC Markets - I have done for 4 years. Never had any issues at all. Do you have particular concerns?
Hi londonboy,

Yes, I'd like to know if you have ever had problems with withdrawals with IC markets?

Thanks
  • #11
  • May 8, 2018 2:35pm May 8, 2018 2:35pm
Quoting meyoik
{quote} Hi londonboy, Yes, I'd like to know if you have ever had problems with withdrawals with IC markets? Thanks
Hi,
no I have never had a problem . I withdrawal mid 4 figures a month in profits from a large account I run on there. (When I have made them lol )

they have always been fast to authorise and pay . Just to note , I only withdrawal via bank transfer not to a credit / debit card .
it can take up to a week to hit my account .

what issues are you having ?
  • #12
  • May 8, 2018 2:51pm May 8, 2018 2:51pm
Quoting londonboy
{quote} Hi, no I have never had a problem . I withdrawal mid 4 figures a month in profits from a large account I run on there. (When I have made them lol ) they have always been fast to authorise and pay . Just to note , I only withdrawal via bank transfer not to a credit / debit card . it can take up to a week to hit my account . what issues are you having ?
I haven't had any issues yet as I have not deposited yet into my live account.

Do they charge you anything for bank transfers?
  • #13
  • May 8, 2018 2:59pm May 8, 2018 2:59pm
Quoting meyoik
{quote} I haven't had any issues yet as I have not deposited yet into my live account. Do they charge you anything for bank transfers?

Its not huge. It’s about £12 - it fluctuates as they charge it in Aus $

so I have paid on average £11.77 a month this year .
  • #14
  • May 8, 2018 3:04pm May 8, 2018 3:04pm
Quoting londonboy
{quote} Its not huge. It’s about £12 - it fluctuates as they charge it in Aus $ so I have paid on average £11.77 a month this year .
OK.

I understood they don't charge anything for MasterCard / credit card transfers.

Why don't you transfer to your credit card instead and save those ~130 pounds a year?
  • #15
  • May 8, 2018 4:06pm May 8, 2018 4:06pm
Quoting meyoik
{quote} Outside of slippage, which I agree can be VERY demoralizing, have you had any trouble with withdrawals of your money?
withdrawals no issue.
Intraday only.
  • #16
  • May 8, 2018 4:34pm May 8, 2018 4:34pm
Quoting meyoik
{quote} OK. I understood they don't charge anything for MasterCard / credit card transfers. Why don't you transfer to your credit card instead and save those ~130 pounds a year?
It’s one of my main trading accounts - it’s a HV amount .
Not something I could deposit on a card easily . So I deposited via bank transfer so knelt option to make withdrawals is bank transfers .
  • #17
  • May 8, 2018 5:28pm May 8, 2018 5:28pm
Quoting londonboy
{quote} It’s one of my main trading accounts - it’s a HV amount . Not something I could deposit on a card easily . So I deposited via bank transfer so knelt option to make withdrawals is bank transfers .
OK, thanks for the info londonboy.
  • #18
  • May 9, 2018 4:41am May 9, 2018 4:41am
Quoting meyoik
Are there any Europeans trading with IC Markets (ASIC reg)? I'm used to only FCA accounts so far, and am a bit uncomfortable with a broker based with Australian regulation so far away. Any Europeans that have done this? Have you had any problems with withdrawals? Problems of any kind with them? THanks
Me, it's ok with them
  • #19
  • May 11, 2018 4:20am May 11, 2018 4:20am
Quoting gvsee
{quote} Me, it's ok with them
Thanks for the feedback gvsee
  • #20
  • May 17, 2018 1:00pm May 17, 2018 1:00pm
Quoting navk
I have taken up seriously with IC markets. 0.5 to 1.0 pips slippage is understandable but not 20 pips. They resolved the matter for me. Compensated the losses.
If IC is a proper ECN why are they refunding people for slippage?
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