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Is anyone going to IC Markets Seychelles on March 2021?

  • #41
  • Feb 18, 2021 5:30pm Feb 18, 2021 5:30pm
I currently have a demo only account with IC Markets Aus. My strategy and targets require min 1:200 leverage.

How do I open a live account with IC Markets Seychelles? When I go to their website it automatically takes me to IC Markets Aus? Any ideas? Do I need a VPN or something? (If so which one!) Thanks!
  • #42
  • Feb 21, 2021 5:24pm Feb 21, 2021 5:24pm
There are two really good alternatives from ICMarkets.

1. Move your funds to a reputable and regulated New Zealand broker where (for now) you can still get high leverage. How long it will be before New Zealand joins the low leverage band wagon is impossible to tell.

2. Dukascopy bank in Switzerland. 100:1 leverage up to 200:1. The Swiss government guarantees all bank accounts up to CHF 100,000 in case of bank failure.
  • #43
  • Mar 1, 2021 4:21am Mar 1, 2021 4:21am
Quoting Dulansi
I have migrated my account. I'd like to know the general consensus though with traders around here. Would you rather keep trading under ASIC to feel safer? Or move your account to Seychelles FSA for better trading conditions but less protection?
Do you feel any difference in execution, spreads etc?
Thank you.
  • #44
  • Mar 1, 2021 5:19am Mar 1, 2021 5:19am
No I don't see any difference at all! It seems even the finance department is still located in Australia as the cut off time for requesting is still 12 noon Sydney time.
Another thing I've noticed is I did not have to change my cTrader server it's still the same. My MT5 server though has changed and they emailed me the new MetaTrader account information. Although like I mentioned cTrader is still the same.
  • #45
  • Mar 2, 2021 12:46am Mar 2, 2021 12:46am
Quoting Dulansi
No I don't see any difference at all! It seems even the finance department is still located in Australia as the cut off time for requesting is still 12 noon Sydney time. Another thing I've noticed is I did not have to change my cTrader server it's still the same. My MT5 server though has changed and they emailed me the new MetaTrader account information. Although like I mentioned cTrader is still the same.
Thank you
  • #46
  • Mar 10, 2021 4:40am Mar 10, 2021 4:40am
Hi everyone, Sadly the 25:1 is here in australia. I managed to find BlackBull in New Zealand and hoping that someone can tell me other brokers in New Zealand if you live in Australia. Thanks in advance.
  • #47
  • Mar 16, 2021 8:13pm Mar 16, 2021 8:13pm
I've been with ICMarkets for many years and have complete faith in them. I moved to ICMarketsSC and have no worries. For those who cannot move to ICMarketsSC, another great broker that I've also been with for many years is Tickmill SC. They have Tickmill UK Ltd (FCA), Tickmill Ltd (FSA) SC, Tickmill Europe Ltd, etc. The SC entity has 500:1 leverage.
  • #48
  • Mar 18, 2021 6:51am Mar 18, 2021 6:51am
Quoting compujock
I've been with ICMarkets for many years and have complete faith in them. I moved to ICMarketsSC and have no worries. For those who cannot move to ICMarketsSC, another great broker that I've also been with for many years is Tickmill SC. They have Tickmill UK Ltd (FCA), Tickmill Ltd (FSA) SC, Tickmill Europe Ltd, etc. The SC entity has 500:1 leverage.
Can Europeans sign up for Tickmill SC ? Website ?
  • #49
  • Mar 19, 2021 2:10pm Mar 19, 2021 2:10pm
Quoting Saxio
{quote} Can Europeans sign up for Tickmill SC ? Website ?
Likewise
https://uk.markets.com/?&intent_grou...%20Markets.com
every Saint has a past. Every Sinner has a Future
  • #50
  • Mar 22, 2021 6:23am Mar 22, 2021 6:23am
Hi guys. Some of you mentioned that the account transfer only take 1 day. But I just got the confirmation notice in the Client Area says account will be migrated during this coming weekend. Wondering why it takes almost a week to do the transfer for my case? The leverage cap will be enforced next Monday.. hope no issue with the migration..
  • #51
  • Mar 22, 2021 7:20am Mar 22, 2021 7:20am
Quoting dualstrafe
Hi guys. Some of you mentioned that the account transfer only take 1 day. But I just got the confirmation notice in the Client Area says account will be migrated during this coming weekend. Wondering why it takes almost a week to do the transfer for my case? The leverage cap will be enforced next Monday.. hope no issue with the migration..
Yes, they do it in the weekends and it takes 1 day. No worries, everything will be fine.
  • #52
  • Apr 16, 2021 11:16am Apr 16, 2021 11:16am
Fx Choice offers Accounts for Australians at 1/200 Leverage Belize reulation
  • #53
  • Apr 16, 2021 2:54pm Apr 16, 2021 2:54pm
I use IC markets Seychelles from the beginning (I don't remember why!), but I am glad now because I can keep my leverage. I didn't had any bad experience with them.
  • #54
  • May 15, 2021 7:12am May 15, 2021 7:12am
Personally, I have generally not heard bad things about IC Markets in particular, but as a rule I avoid any brokers and broker branches regulated in offshore zones. The regulator oversight in offshore zones is just not good enough and there are no compensation schemes should something go wrong.
  • #55
  • May 17, 2021 5:34am May 17, 2021 5:34am
You’re right going offshore means you lose your right to using the likes AFCA in Australia and other government complaints bodies. Also financial compensation if a firm goes under. You are however still trading with the same firm so if you like me using them in one jurisdiction, the experience should be the same in another, other than of course leverage. There is no tier 1 regulator offering higher than 30:1 leverage unless you qualify for pro client status. It’s up to you, I’m trading offshore (not with IC) and also maintaining an Australian account and I’ve opted up to pro.
  • #56
  • May 24, 2021 4:09pm May 24, 2021 4:09pm
Quoting james1254
Personally, I have generally not heard bad things about IC Markets in particular, but as a rule I avoid any brokers and broker branches regulated in offshore zones. The regulator oversight in offshore zones is just not good enough and there are no compensation schemes should something go wrong.
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It takes a lot for me to IGNORE you, but you can try.
  • #57
  • Edited 2:49am May 25, 2021 2:35am | Edited 2:49am
The platform is frozen, almost half an hour now.

LE It was frozen for 36 minutes.
  • #58
  • May 25, 2021 3:04am May 25, 2021 3:04am
Quoting Erebus
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That guy is using ctrader on ICmarkets, It has an extra higher fee opening and closing trades on the ctrader platform hence why he came to these calculations. If he used icmarkets on metatrader those fee's wouldnt exist and it would be cheaper. The conclusion here is these are ctrader fee's added to your icmarkets trades.
  • #59
  • May 25, 2021 3:10am May 25, 2021 3:10am
Quoting venividivici
{quote} That guy is using ctrader on ICmarkets, It has an extra higher fee opening and closing trades on the ctrader platform hence why he came to these calculations. If he used icmarkets on metatrader those fee's wouldnt exist and it would be cheaper. The conclusion here is these are ctrader fee's added to your icmarkets trades.

That's a pretty significant fee difference. What is cTrader's commission schedule look like? And how is it different from mt4's commission schedule? Need to see both together for all the cfds here for a fair comparison.
  • #60
  • May 25, 2021 7:56pm May 25, 2021 7:56pm
Quoting venividivici
{quote} That guy is using ctrader on ICmarkets, It has an extra higher fee opening and closing trades on the ctrader platform hence why he came to these calculations. If he used icmarkets on metatrader those fee's wouldnt exist and it would be cheaper. The conclusion here is these are ctrader fee's added to your icmarkets trades.
Don't tell me, tell Trader Tom

HIs full broker report will be out soon, including IC Market Metatrader 4

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