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IC Markets or FP Markets?

  • #61
  • May 30, 2020 1:14pm May 30, 2020 1:14pm
Quoting Adolf75
I'm looking for a new broker, Based on reviews i have shortlisted both FP Markets and ICM, from my understanding i feel FP Marekts have more advantages than ICM? Though IC Markets spreads are some what similar to FP Markets, the commission per lot is lower in FP Markets when compared to ICM, Plus based on reviews from other traders seems ICM customer service is difficult to deal with, where as FP Markets staffs are much more reliable and respond quicker. Would like to know experience from other traders with FP Markets before finalizing them.
I have used FP markets and IC markets for a long time and i where able to negotiate with FP markets to 4 dollar/lot roundtrip and also i had my own contact ore accountmanager if call it that and i had a issue with a bonus that got canceled,but eventually they gave it back to me without waggering so i could withdrae at once,but i went back to IC markets because they are bigger and safer to have funds if anyting to happen and i was afraid FP markets would go out of buisness eventually cause they are not very big.....Also with IC markets i have a IB that is my friend so he cuts off hes commision so i pay 5.5 dollar/lot roundtrip and he gets 50 cents...Also there is a big difference in spreads so even if i pay full commision at IC markets i would come out cheaper with IC.....I am not sure its like that still,but when i was with FP markets spread on EUR/USD was some 0.3-0.5 so if you add 4 dollars lot like i had (I dont think can get cheaper than that) you pay 7-9 dollars lot while with IC you pay 7-8 dollar lot cause their spread on EUR/USD is 0-0.1....But good luck picking your broker...
Insanityoing same ting over expecting different results..Einstein
  • #62
  • Jun 1, 2020 9:36am Jun 1, 2020 9:36am
I use IC Markets for last 3 years
My 3 gripes about ICM
1. Limited past data for futures contracts such as VIX or DXY so that daily and weekly charts are meaningless - so not so good if you like to swing trade on longer timeframes. Did tell them about it which goes onto my next point.
2. Customer service - polite but not very useful, so technical questions are often not answered properly, lots of cut and pasting of answers (but better than XM customer service who I don't think even understand the question you put to them unless its very basic_
3. On demo mode, very often get outages where charts are not updated.

What I like about ICM
1. High leverage for EU customers

May give FP a try...
  • #63
  • Jun 25, 2020 2:32am Jun 25, 2020 2:32am
I have been reading reviews about IC and FP Markets, both seem to be competitive brokers but which broker would be suitable for beginners? A responsive customer support would be a advantage.
  • #64
  • Jun 25, 2020 7:04am Jun 25, 2020 7:04am
I have no recent experience of ICM but I have been trading with FPM on demo and asking a few questions, they seem ok and Ican use 100:1 leverage which is what I am looking for but what I do not like is, they do not provide a negative balance proitection, that may not be important to you but it is to me.
I am in The UK so the search goes on.
  • #65
  • Aug 4, 2020 1:41am Aug 4, 2020 1:41am
I'm looking for a broker to start off trading and many recommended FP Market and IC markets, both seem to have similar spreads, regulated by ASIC.

Which broker would be suitable for trading for a beginner and which broker provides the best customer support staff ?
  • #66
  • Aug 10, 2020 3:24am Aug 10, 2020 3:24am
Hi Fynn, I have had the experience of trading both with IC and FP Markets.If Spreads is your main criteria, FP Markets are definitely better and their commissions are slightly cheaper too.

Customer support, both offer 24 hour support, however i've found FP Markets responses to be quicker and more helpful.
  • #67
  • Aug 13, 2020 6:30am Aug 13, 2020 6:30am
i think both are decent but ic a little more responsive.
  • #68
  • Aug 13, 2020 6:34am Aug 13, 2020 6:34am
Quoting FlavioEstev
Hi Fynn, I have had the experience of trading both with IC and FP Markets.If Spreads is your main criteria, FP Markets are definitely better and their commissions are slightly cheaper too. Customer support, both offer 24 hour support, however i've found FP Markets responses to be quicker and more helpful.
This is so true, Once I had to choose both, I have choosen fpmarkets.
  • #70
  • Aug 31, 2020 9:28am Aug 31, 2020 9:28am
I have observed and explored these two brokers: icmarkets.com has a slightly lower spread but fpmarkets.com is more secure on ASIC license and they have DMA technology that not all brokers have.
  • #72
  • Sep 6, 2020 1:25am Sep 6, 2020 1:25am
Quoting MihasEder
Hidden
80% of the time, real data differ from those declared by the broker
  • #73
  • Sep 6, 2020 5:07am Sep 6, 2020 5:07am
icm all the way
  • #74
  • Sep 8, 2020 6:05am Sep 8, 2020 6:05am
ICM spread during London open on Raw acct:
EU, GU, AU, UJ, Uchf range from 0.0 to 0.3
  • #75
  • Sep 8, 2020 10:00am Sep 8, 2020 10:00am
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.
Question....why from all possible brokers, did you come up with these 2?
What made you shortlist FP Markets?

thanks
  • #77
  • Sep 15, 2020 3:18pm Sep 15, 2020 3:18pm
Quoting PeterE
this site is good for spread comparison https://www.myfxbook.com/en/forex-broker-spreads {image}

I can confirm with my 2 years live experiences, IC Markets is good choice and so far no problem with them.
  • #78
  • Sep 28, 2020 5:49am Sep 28, 2020 5:49am
I'm trading with icmarkets and I can say that they are NOT good. And that's why.

I funded accounts hundred times and it was ok. Until one my little account faced big DD and I decide to fund some. Here strange things start to happen. I just can't fund and account was wiped. Support said that you have to try another browser. Okay. Few weeks later... same. All my 2 pcs can't deposit. Only from notebook was ok within hundreds of attempts.

Now they have problems with withdrawals. "Your bank refuse transfer" they said. But this is lie, I have contacted my bank and they said there was no incoming transactions from icmarkets at all. It seems to me they cheat somehow.

So I'd not recommend icmarkets.

Also I'm trading with fxpro. There are no issues with deposits or withdrawals. But the spreads are high.

Now I'm trying pepperstone and fpmarkets and will keep you updated about my experience.

p.s. I know that tickmill is good but they don't have mt5 platform...
Observer effect
  • #79
  • Oct 5, 2020 8:22am Oct 5, 2020 8:22am
Quoting ElvinDcosta
Looking to get started live soon, Have shortlisted both IC and FP Markets as they have the best spreads. But can't decide on which broker would be best suitable for beginners like me ?A broker with responsive customer support would be an advantage since i'm a beginner and would have a lot of queries initially.
Fpmarkets has good and fast customer support, you can even chat with them via Whatsapp.
But on icmarkets live chat, you generally wait in queue of 10+ people.
  • #80
  • Nov 29, 2020 11:07pm Nov 29, 2020 11:07pm
Can't trust these guys for one second, these transactions are NOT made by me, they just appeared.

Looks like an Adjustment was being made, probably on the wrong account

Then an hour later they realized the Adjustment was the wrong way

Then another half-hour later, they thought, oh, that's the wrong account

It's just so wrong!

No email associated with any of those transactions, Live Chat started an Investigation

But the Account Team will take 24 hours to get back to me


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It takes a lot for me to IGNORE you, but you can try.
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