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  • #201
  • Apr 20, 2013 4:45pm Apr 20, 2013 4:45pm
hey connected, can u explain pls?
  • #202
  • Apr 20, 2013 6:46pm Apr 20, 2013 6:46pm
Quoting gman007
hey connected, can u explain pls?
http://www.forexfactory.com/showthre...09#post6423709
Tracking the Specialists.
  • #203
  • Apr 20, 2013 7:37pm Apr 20, 2013 7:37pm
http://www.donnaforex.com/forum/inde...opic=5761.1515

seriously guys, please read all of this thread here before you think about opening an account with these criminals
Tracking the Specialists.
  • #204
  • Apr 20, 2013 9:32pm Apr 20, 2013 9:32pm
oh wow, i've been seriously considering opening an account with them as they do have some very nice conditions, but then again, there are some conditions they don't talk to you about. they are doing server upgrades according to a few posts earlier so i hope it will all work out, but probably not likely.
  • #205
  • Apr 20, 2013 10:46pm Apr 20, 2013 10:46pm
ASIC, regulation of aus. FSPL,FDR, regulation of nz...
It`s all mediocre and mostly rubish.
We heard that NFA or FSA fine(or hit) ~.
But I never heard that ASIC and FSPL and FDR fine (or hit) ~...
Did you ever hear anything like that?
That is why many brokers located in nz and aus.
  • #206
  • Apr 21, 2013 1:14am Apr 21, 2013 1:14am
Quoting entheos
ASIC, regulation of aus. FSPL,FDR, regulation of nz... It`s all mediocre and mostly rubish. We heard that NFA or FSA fine(or hit) ~. But I never heard that ASIC and FSPL and FDR fine (or hit) ~... Did you ever hear anything like that? That is why many brokers located in nz and aus.
Its all about business. Just like a new commercial building will offer no rental fees for six months for new tenants. Once all the UK, USA, British Virgin Islands, Mauritius, Russia, etc brokers made the move to Australia, then the enforcement will begin. For now to attract new businesses, you won't hear any fines or investigations.

USA is different. The big boys in Chicago wants you to pay data fees and exchange licenses so they will force the CFTC and NFA to clamp down hard on off-exchange forex brokers and shut them down one by one, so that clients will have to migrate to futures brokers.
No longer trading forex. Looking for full time job.
  • #207
  • Apr 23, 2013 11:19pm Apr 23, 2013 11:19pm
Jeez... it is crazy that someone can open a trade (they have sufficient margin) and then be automatically stopped out! Just happened with me a few moments ago with ICM. Even thought they advertise their ridiculous stop out level of 100% margin, why the hell would they allow for trades to be open that are automatically stopped out - as soon as the trade is opened, their spreads reduce the margin on the trade and it is stopped out. I was simply trying to make some money back scalping 5 lots!

This is a word of warning to any scalpers out there. Such a scam ICM.
  • #208
  • Apr 23, 2013 11:33pm Apr 23, 2013 11:33pm
Quoting Ras al Ghul
Jeez... it is crazy that someone can open a trade (they have sufficient margin) and then be automatically stopped out! Just happened with me a few moments ago with ICM. Even thought they advertise their ridiculous stop out level of 100% margin, why the hell would they allow for trades to be open that are automatically stopped out - as soon as the trade is opened, their spreads reduce the margin on the trade and it is stopped out. I was simply trying to make some money back scalping 5 lots! This is a word of warning to any scalpers out there....
they use the low spreads and commission to entice you and then set these 'rules and policies' to take your money. why not just refuse entry of the trade like other brokers? simply give a message like insufficient margin....or something similar which shouldn't be too hard to program especially since they have their own mini-terminal programmed plus news plugin.
  • #209
  • Edited 10:03pm Apr 24, 2013 12:11am | Edited 10:03pm
Quoting jhehe
{quote} they use the low spreads and commission to entice you and then set these 'rules and policies' to take your money. why not just refuse entry of the trade like other brokers? simply give a message like insufficient margin....or something similar which shouldn't be too hard to program especially since they have their own mini-terminal programmed plus news plugin.
They do have ample warning. But Ras al Ghul probably ignored it. When your margin goes below 150% your equity terminal will turn pink (representing "visual" margin call). Other brokers set this to 100%. Also, IC Markets' spreads are already very low, so if the trades were stopped out by "spread" alone, then he had opened a trade when margin was already stretched to the limit. Any pip movement will stop him out. It's not the broker's job to control your money discipline and risk management. The broker did not point a gun and force you to trade at margin limits.

I think his 5 standard lots were opened without thinking about margin calculations. I bet he did not read the broker's margin stop out conditions, http://www.icmarkets.com/client-area/faq/ . In short, he over-leveraged recklessly. Yes, blame the broker.

Please share your experience at the other forum also.
Attached Image (click to enlarge)
Click to Enlarge Name: ICM.png Size: 47 KB
No longer trading forex. Looking for full time job.
  • #210
  • Apr 24, 2013 12:52am Apr 24, 2013 12:52am
mmaker
Good points, we often blame the broker for our losses but in fact we lose money because we lack experience.
Some people can even make money using bucket shops.
There are a lot worse brokers than ICM......
Have a nice day
  • #211
  • Apr 24, 2013 1:14am Apr 24, 2013 1:14am
Quoting mmaker
{quote} They do have warning. But Ras al Ghul probably ignored it. When your margin goes below 150% your equity terminal will turn pink. Other brokers set this to 100%. Also, IC Markets' spreads are already very low, so if the trades were stopped out by "spread" alone, then he had opened a trade when margin is already stretched to the limit. Any pip movement will stop him out. It's not the broker's job to control your money discipline and risk management. The broker did not point a gun and force you to trade at margin limits. I think his...
You make a valid point that I should have known that I was close to the ridiculous stop out level of 100% margin, but this just seems like it is against the benefit traders. What I like about FX is the ability to turn almost nothing to something substantial. ICM's system is more of a trap to traders than anything else, IMO. In the spirit of fairness, traders shouldn't be able to open trades if it is stopped out before the market is able to determine whether the trade was right or not. Nevertheless, your point still stands, if I sign up to a broker who basically states that they will rout people out of money, than it is my on fault for signing the agreement.
  • #212
  • Apr 25, 2013 11:17pm Apr 25, 2013 11:17pm
Quoting Layzars
Found a funny easter egg on their CTrader Demo. Make sure you have your sound on: A: Go to the IC Markets Web login (PC or Mobile works) at http://ct.icmarkets.com/ B: Make a Demo account, Login C: Put "HARLEM" in the search field and enter it. Check out what happens, lol.
AWESOME!!
  • #213
  • Apr 26, 2013 12:15am Apr 26, 2013 12:15am
If I have a simple EA script written for MT4, to enter multiple position and exit partials in multiple targets, how can I get it converted to cTrader? Is there a forum or service to help non-programmers like me?
No longer trading forex. Looking for full time job.
  • #214
  • Apr 26, 2013 12:25am Apr 26, 2013 12:25am
FxPro`s ctrader,
the same.
Quoting sargedessy
{quote} AWESOME!!
  • #215
  • Apr 26, 2013 6:01pm Apr 26, 2013 6:01pm
Quoting mmaker
{quote} They do have ample warning. But Ras al Ghul probably ignored it. When your margin goes below 150% your equity terminal will turn pink (representing "visual" margin call). Other brokers set this to 100%. Also, IC Markets' spreads are already very low, so if the trades were stopped out by "spread" alone, then he had opened a trade when margin was already stretched to the limit. Any pip movement will stop him out. It's not the broker's job to control your money discipline and risk management. The broker did not point a gun and force...

that is true, currently demoing and just decided to use an oversize lot and what you said is true. if you are at the "at risk" level, it will be highlighted so you know that you will need to basically do something about it before getting stopped out.
  • #216
  • Apr 26, 2013 7:12pm Apr 26, 2013 7:12pm
Quoting mmaker
If I have a simple EA script written for MT4, to enter multiple position and exit partials in multiple targets, how can I get it converted to cTrader? Is there a forum or service to help non-programmers like me?
mmaker
From what I know the ctrader software probably won't allow plugins of this type
Have a nice day
  • #217
  • Apr 26, 2013 7:18pm Apr 26, 2013 7:18pm
This morning I had to move over to the new server.


How to Login to the new server

Your current MT4 terminals are programmed to point at a specific 'IP address'.
The new server has a different IP address which you will have to enter in to the login screen in order to connect your MT4 terminal to the new server.
Please follw the steps below for this

1. Open your MT4 terminal
2. Click on file at the top left corner of the platform
3. Select login
4. Enter your login details if they are not there
5. Enter the IP address 38.76.4.17 in the 'server' field.
6. Click login
7. You should now be connected

Charts

Your charts currently have a symbol with an 'i' suffix, as an example EURUSDi.
On the new platform there will be no 'i' suffix following the symbol so the charts will show the following screen and will have to be refreshed

http://img-ak.verticalresponse.com/m...update%202.jpg



To refresh a chart simply left click on the symbol you want to place on the chart, drag the symbol from the market watch on to the chart. When you do this the chart will automatically refresh and you should see the data update.

Data on the majors should now go back decades on the daily, weekly and monthly charts.
Data on the smaller time frames should also be increased significantly.


Platform Time & Trading Hours


The new server time will be set to GMT +3 “New York close”.
If you are running Expert Advisors (EA's) which operate at certain times of the day you'll probably need to update the GMT setting in your EA
Have a nice day
  • #218
  • Apr 27, 2013 6:55am Apr 27, 2013 6:55am
I'm in the middle of hunting for a broker and I'm 90% sold on ICM.

But I cant decide between 'Standard' or 'True ECN'.

The Standard account has EUR/USD spreads from 1 pip. The True ECN account has EUR/USD spreads from 0 pips, $7 per round turn lot.

I'm trying to figure out which is the cheapest. So I tried to calculate how much it would cost it open and close a EUR/USD trade.

Does my math check out? I don't know why anyone would go with the standard account. It looks like the ECN is always cheaper.... correct?

Standard Account
Normal Lot: $10
Mini - $1
Micro - $.10

True ECN
Normal Lot: $7
Mini - $.7
Micro - $.07

Also I'm not too sure about swap rates. Do these swap rates seem reasonable? Is this industry standard or can someone show comparable rates? http://www.icmarkets.com/forex-tradi...ns/swap-rates/
  • #219
  • Apr 27, 2013 7:26am Apr 27, 2013 7:26am
Nomadic

I don't use their standard account so I haven't done a comparison
but 0.1 or 0.2 pips up or down is only an issue when you run EA's and place many trades in 1 day
or if you scalp for a few pips here and there.

Download their demo's and try them both out or go for their ECN and ask to get the HFT discount
Have a nice day
  • #220
  • Edited 8:01am Apr 27, 2013 7:45am | Edited 8:01am
Quoting nomadic123
I'm in the middle of hunting for a broker and I'm 90% sold on ICM. But I cant decide between 'Standard' or 'True ECN'. The Standard account has EUR/USD spreads from 1 pip. The True ECN account has EUR/USD spreads from 0 pips, $7 per round turn lot. I'm trying to figure out which is the cheapest. So I tried to calculate how much it would cost it open and close a EUR/USD trade. Does my math check out? I don't know why anyone would go with the standard account. It looks like the ECN is always cheaper.... correct? Standard Account Normal Lot: $10...
I use the HFT Group discount so commission is $5.50 round trip per lot, and if you can commit to a certain volume monthly, they can give you $5 (upon approval). Just go for the "True ECN" account and don't worry this question anymore. There are no tricks or traps.

As for swap rates, it's really a minor consideration. Just cents and few dollars kind of worry.

The problem with IC Markets is really the recurring slippage and frequent platform freeze that existing clients are complaining about. So now they added a new server and migrating some clients over this weekend, hence the above posts about suffix "i" vs no suffix changes. I would suggest opening a $500 or $1000 account to experience the ECN platform and get used to the commission/swap calculations and you should be able to catch up with this threads' complaints as well as from other forums.

[quote author=expertrader link=topic=5761.msg253123#msg253123 date=1365416199]
Just received this:

As some of you may be aware IC Markets experienced some technical issues on our NY4 MT4 server from 13:30 PM to 14:32 PM platform (London) time on Friday the 5th March, 2013.

We have isolated the problem which was related to server load and put in place measures which will prevent this from occurring again. We are also in the process of adding another MT4 server to better handle the load and ensure we can keep up with our clients demands. We will update clients on this in the coming weeks.

If you feel that you were affected by the outage please email our support department [email protected] or contact us on +612 8014 4280.

Kind regards,

IC Markets Support
[/quote]
No longer trading forex. Looking for full time job.
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