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IC Markets or FP Markets?

  • Post #1
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  • First Post: Jan 13, 2020 5:36am Jan 13, 2020 5:36am
Does anyone have experience with IC Markets or FP Markets? I'm looking for my new broker after a few months break from trading (family reasons). Too many contradictions online, I need traders with real live experience with them.
Hi, I trade with FP Markets. They're very good. They have everything I personally looked for in a broker: ECN pricing, low spreads, great execution, low slippage, good platforms and trading tools. And most important - well established and they take great care of their clients. Highly recommending them, they don't disappoint so far.
Quoting FlavioEstev
Does anyone have experience with IC Markets or FP Markets? I'm looking for my new broker after a few months break from trading (family reasons). Too many contradictions online, I need traders with real live experience with them.
I also think that FP markets is a better choice between the two.
Risk Management is of utmost importance!
They offer to open an account with IC Markets, is this a normal broker? Different reviews about them.
Quoting FlavioEstev
Does anyone have experience with IC Markets or FP Markets? I'm looking for my new broker after a few months break from trading (family reasons). Too many contradictions online, I need traders with real live experience with them.
How about opening an account with both and seeing which works best for you?
  • Post #6
  • Quote
  • Edited Feb 5, 2020 9:46am Feb 4, 2020 1:12pm | Edited Feb 5, 2020 9:46am
IC is great due to the fact that they provide 500:1 for metals and energies also.. at least for GOLD and WTI that I tested...
but the issue that I have is that they do not offer neg balance protection... so I would advise to add some (dedicated) limited company, if possible, in between, for additional protection...
Can you afford to take that chance?
Quoting FlavioEstev
IC Markets or FP Markets?
IC Markets.
IC Markets
ICMarkets
many people commenting here who have very few posts, suggesting this thread is broker driven

nevertheless,

I would not open an account with IC (reviews),
I would open an account with FPMarkets (reviews)

but I currently have an account with Global Prime (reviews)
this site is good for spread comparison https://www.myfxbook.com/en/forex-broker-spreads
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[quote=PeterE;12751395]many people commenting here who have very few posts, suggesting this thread is broker driven nevertheless.

1st as new member i cant comment on new post.
2nd im using ICmarkets past year and half. 1:500 leverage, i also use IG for ISA account(UK only)
Quoting AstroTrader9
{quote} Thanks Peter. However, if you include the "commissions" i think FP Markets are offering more competitive pricing? As the commission charged by FP Markets per lot is $3.00 which is lower compared to IC's $3.50? {image} Without commissions, i think they are very similar. {image}
the spreads at myfxbook should be accurate but ticking commission doesnt always give precise cost
Quoting AstroTrader9
{quote} Thanks Peter. However, if you include the "commissions" i think FP Markets are offering more competitive pricing? As the commission charged by FP Markets per lot is $3.00 which is lower compared to IC's $3.50?

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Interesting thread! I have been with ICmarkets for a while now, but honestly speaking their Trading conditions are not as competitive as they used to be and specifically their support have gone to the dogs recently, takes ages for them to respond .

I am in process of switching brokers and i think FP Markets does look like a worthy option considering their spreads and lower commissions. Their reviews are mostly positive, not easy to maintain for a brand that is around for almost 15 years.

Will get in more detail about them before i decide.
IC Markets, just put this to Adrian on MT5 live chat

Told him price data stopped at 03:00

He asks, what timeframe is that

He says, seems to be a GAP

Thanks Captain Obvious

End of chat

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If you chase two rabbits, you will catch neither one!
Brain Surgery Return This Year: 22.3%
Quoting Erebus
IC Markets, just put this to Adrian on MT5 live chat Told him price data stopped at 03:00 He asks, what timeframe is that He says, seems to be a GAP Thanks Captain Obvious End of chat {image}
Perfect example to show how pathetic IC Markets support currently is

I did some research and inclining towards moving my account with FP Markets. Can't find any real concerns tbh. In fact, i think i will be getting better spreads with lower commissions .

I can see that they offer free VPS from day 1. Any idea which VPS provider they work with?

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Quoting Erebus
IC Markets, just put this to Adrian on MT5 live chat Told him price data stopped at 03:00 He asks, what timeframe is that He says, seems to be a GAP Thanks Captain Obvious End of chat {image}

Hi Not to defend IC but to offer a reason.
There is a difference with our broker timeshift but.......with IC cTrader printed.

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Quoting Jlrobert
{quote} Perfect example to show how pathetic IC Markets support currently is I did some research and inclining towards moving my account with FP Markets. Can't find any real concerns tbh. In fact, i think i will be getting better spreads with lower commissions . I can see that they offer free VPS from day 1. Any idea which VPS provider they work with? {image}
I traded ASX shares through FPM over a decade ago, they were great back then and very professional.
FX is a different game of course, open to broker interference, but I am inclined to think FPM dont operate that way.
I am considering opening an account with them myself.
Quoting BrexitBob
{quote} Hi Not to defend IC but to offer a reason. There is a difference with our broker timeshift but.......with IC cTrader printed. {image} {image}
Thanks Bob,

Yes, no doubt there was a huge drop in price on the news.

But look very close at the chart posted, note the time along the bottom, and the vertical line that indicates a new day.

Data clearly stopped at 3 am as I mentioned.

Compare that to what I now have, again, study the time stamps along the bottom.

Cheers

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If you chase two rabbits, you will catch neither one!
Brain Surgery Return This Year: 22.3%
I traded with icmarkets, they are ok. In general icmarket and fpmarkets are also brokers under asic license
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