Has IC markets cancelled your VPS? | Forex Factory

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Has IC markets cancelled your VPS?

  • #1
  • First Post: Aug 29, 2020 6:45am Aug 29, 2020 6:45am
Has IC markets cancelled your VPS?

I've been running a VPS from IC markets for more than a year....and I just found out they wiped out a whole bunch of these accounts???

Has this happened to you too?
  • #2
  • Aug 29, 2020 6:55am Aug 29, 2020 6:55am
They changed their VPS partners, yes. If you got one from CNS for example, you got bad luck here. But they informed everyone affected by this.

You can still keep the VPS if you pay for it by yourself.
  • #3
  • Aug 29, 2020 7:33am Aug 29, 2020 7:33am
I was not informed of anything. I never received ANY notification this was going to happen! They just pulled the plug!
  • #4
  • Aug 30, 2020 3:53am Aug 30, 2020 3:53am
Another possibility is that you do not fulfll their criteria for sponsoring anymore. Did you already ask them!?

Based on my experience they were sending mails and even did some calls to spread the information on changes regarding the servers.

Nevertheless I am still pretty sure that you can keep EVERY server as long as you pay for them after the sponsoring stopped since the VPS do NOT belong to ICMarkets!
  • #5
  • Aug 31, 2020 8:07am Aug 31, 2020 8:07am
I do meet the criteria, by far and away. I've traded more than 10 times their requirements.
  • #6
  • Oct 5, 2020 10:49am Oct 5, 2020 10:49am
IC Markets made a mistake, and recovered my VPS.
Everything has been restored...all is good

I still didn't get any details as to what the problem was in the first place though...
  • #7
  • Oct 9, 2020 12:44am Oct 9, 2020 12:44am
I wonder if IC market will provide $ rebate instead of a free VPS?. That way if you sign up with VPS provider the relationship is between you and provider. That is there is no surprises. Anyone tried this with IC Market?
  • #8
  • Oct 9, 2020 12:52am Oct 9, 2020 12:52am
Quoting reddevil
I wonder if IC market will provide $ rebate instead of a free VPS?. That way if you sign up with VPS provider the relationship is between you and provider. That is there is no surprises. Anyone tried this with IC Market?
I get rebate from third party for trading with IC Markets for Raw Spread Account.
Commission paid: 4.38$ per lot instead of 7$ per lot.
Make your calculation, you can save 2.62$ per lot you trade.
If you trade approx. 10 lots per month you can save it for a VPS provider.
  • #9
  • Oct 11, 2020 7:01am Oct 11, 2020 7:01am
Quoting reddevil
I wonder if IC market will provide $ rebate instead of a free VPS?. That way if you sign up with VPS provider the relationship is between you and provider. That is there is no surprises. Anyone tried this with IC Market?
I don't think these 2 items would be related.
  • #10
  • Oct 11, 2020 7:03am Oct 11, 2020 7:03am
Quoting smilee89
{quote} I get rebate from third party for trading with IC Markets for Raw Spread Account. Commission paid: 4.38$ per lot instead of 7$ per lot. Make your calculation, you can save 2.62$ per lot you trade. If you trade approx. 10 lots per month you can save it for a VPS provider.
I've never thought these nickel and dime rebates pay off in the long run....you see visible savings, true...but won't they try to compensate in a million invisible ways?
  • #11
  • Oct 11, 2020 7:21am Oct 11, 2020 7:21am
Quoting Polaris38
{quote} I don't think these 2 items would be related.
If you get a free VPS from IC markets, lets say the provider gets $50 per month for IC markets. The contract is between the provider and ic markets and ICM can cancelled the contract (accidentally or intentionally) which is what happen to you.

But if ICM gives you $40 per month based on your trade volume, you can sign up with anyone you want. The contract is between you and the provider.
Even if ICM missed a payment $40 to you, the VPS is still up and running.

It is a win-win for you and ICM (paying $40 instead of $50). The amount is just an example, since I don't know the actual cost to ICM
  • #12
  • Oct 11, 2020 8:00am Oct 11, 2020 8:00am
Quoting reddevil
{quote} If you get a free VPS from IC markets, lets say the provider gets $50 per month for IC markets. The contract is between the provider and ic markets and ICM can cancelled the contract (accidentally or intentionally) which is what happen to you. But if ICM gives you $40 per month based on your trade volume, you can sign up with anyone you want. The contract is between you and the provider. Even if ICM missed a payment $40 to you, the VPS is still up and running. It is a win-win for you and ICM (paying $40 instead of $50). The amount is just...
It does make sense.
Please give it a go, and let us know
I would certainly consider it
  • #13
  • Nov 13, 2020 6:36am Nov 13, 2020 6:36am
Quoting malancy
I also only know if using their vps you have to pay part of the money based on the volume of the transaction
And how do you "know" this?
I am not saying it's not true...I'm just asking what is your source for this comment? Or your proof?
  • #14
  • Last Post: Aug 15, 2024 6:27pm Aug 15, 2024 6:27pm
Quoting smilee89
{quote} I get rebate from third party for trading with IC Markets for Raw Spread Account. Commission paid: 4.38$ per lot instead of 7$ per lot. Make your calculation, you can save 2.62$ per lot you trade. If you trade approx. 10 lots per month you can save it for a VPS provider.
Which provider is it? I know cashback forex pays a lot lesser
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