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IC Markets

  • #481
  • Nov 24, 2013 12:10pm Nov 24, 2013 12:10pm
Quoting Layzars
For those of us packing loonies, CAD denominated accounts are now available at IC Markets.
Fantastic
Forex brokers real time discount - visit Abundance trading group. com
  • #482
  • Nov 25, 2013 2:31am Nov 25, 2013 2:31am
Quoting Layzars
For those of us packing loonies, CAD denominated accounts are now available at IC Markets.
you just made my day!
  • #483
  • Edited Dec 24, 2013 5:36pm Dec 23, 2013 8:10pm | Edited Dec 24, 2013 5:36pm
Neteller is now available for withdrawals and deposits.

EDIT: Apologies, it seems implementation is not yet complete but should be done soon.
Offering $1.50 (21%)/RTL Commission Discounts at IC Markets & Global Prime
  • #484
  • Edited 9:07pm Jan 2, 2014 8:52pm | Edited 9:07pm
Some good news for clients of IC Markets and Global Prime; direct fund transfers between these two brokers is now available:

"IC Markets & Global Prime have come to a mutual agreement to allow fund transfers between both brokers. If you are a Global Prime client and would like to transfer funds across to IC Markets you can do so. If you are an IC Markets client and would like to transfer funds to Global Prime you can also do so. You'll still need to meet the conditions of both brokers to facilitate a B2B transfer - please speak to Global Prime or IC Markets if you require assistance with transferring funds between brokers."
Offering $1.50 (21%)/RTL Commission Discounts at IC Markets & Global Prime
  • #485
  • Jan 2, 2014 10:19pm Jan 2, 2014 10:19pm
Quoting Layzars
Some good news for clients of IC Markets and Global Prime; direct fund transfers between these two brokers is now available: "IC Markets & Global Prime have come to a mutual agreement to allow fund transfers between both brokers. If you are a Global Prime client and would like to transfer funds across to IC Markets you can do so. If you are an IC Markets client and would like to transfer funds to Global Prime you can also do so. You'll still need to meet the conditions of both brokers to facilitate...
This is wonderful news! I have actually decided to open live account with both brokers after some research, and seeing this arrangement I can have more flexibility in dividing my funds across these two brokers.
  • #486
  • Jan 2, 2014 11:00pm Jan 2, 2014 11:00pm
Likewise man; I'm pretty stoked to be able to freely move money and diversify capital between the two.
Offering $1.50 (21%)/RTL Commission Discounts at IC Markets & Global Prime
  • #487
  • Jan 3, 2014 12:06am Jan 3, 2014 12:06am
Quoting Layzars
Likewise man; I'm pretty stoked to be able to freely move money and diversify capital between the two.
Can you and other IBs persuade IC Markets or Global Prime to offer RANsquawk/Talking-Forex real-time news service FREE to live account clients? The subscription is about £20/mth and some UK brokers do offer it but I'm no longer interested in other brokers.
  • #488
  • Jan 3, 2014 12:47am Jan 3, 2014 12:47am
IC market rocks, glad to be its client from last 1 year, no problems so far.



I hope they will maintain this kind of transparency and good services.
Its just a beginning !!!
  • #489
  • Jan 5, 2014 2:31am Jan 5, 2014 2:31am
Quoting anyone
{quote} Can you and other IBs persuade IC Markets or Global Prime to offer RANsquawk/Talking-Forex real-time news service FREE to live account clients? The subscription is about £20/mth and some UK brokers do offer it but I'm no longer interested in other brokers.
I'll certainly ask!
Offering $1.50 (21%)/RTL Commission Discounts at IC Markets & Global Prime
  • #490
  • Jan 5, 2014 2:34am Jan 5, 2014 2:34am
Quoting Layzars
{quote} I'll certainly ask!
also ask for free auto chartist, I am sure people will love it.
Its just a beginning !!!
  • #491
  • Jan 5, 2014 7:28am Jan 5, 2014 7:28am
Hi,guys
IC markets advertises inverse spreads.
http://www.icmarkets.com/forex-tradi...s/ctrader-ecn/

Has anybody been inverse spreads?
  • #492
  • Edited 8:34am Jan 5, 2014 7:44am | Edited 8:34am
Quoting entheos
Hi,guys IC markets advertises inverse spreads. http://www.icmarkets.com/forex-tradi...s/ctrader-ecn/ Has anybody been inverse spreads?
Inverse spreads only possible with cTrader platform, not MT4 (because of bridge). Try the cTrader threads,
http://www.forexfactory.com/showthread.php?t=396775
http://www.forexfactory.com/showthread.php?t=432052

"IC Markets allows clients to open a MetaTrader4 Standard or True ECN account with as little as USD $200 or currency equivalent. Our cTrader account requires a minimum deposit of $1,000 USD or currency equivalent."

Quoting cTrader

  1. Broker/Bank cannot accept/reject/requote orders in any shape or form, unlike in the other platform. It's not possible on many levels (technically and philosophically);
  2. All execution is done 100% STP w/o any manual intervention across all brokers that have cTrader. Moreover, once an Order has been executed, its execution price cannot be changed by a Broker (again, unlike the other platform);
  3. cTrader does not require any bridges whatsoever, since we are fully FIX compliant (Spotware/cTrader is a full FIXProtocol.org member).

No longer trading forex. Looking for full time job.
  • #493
  • Jan 7, 2014 3:24pm Jan 7, 2014 3:24pm
After months of broker researching, I finally funded an account with IC markets. Based on spread and commission they were the most cost effective for my account size (10k). After years with Oanda I am now a happy ecn customer.

I was disappointed I couldn't get ctrader without paying more commission but even having to use MT4, they are ahead of the competition . Funding was quick via bpay and live chat very helpful to sort out a few issues I had starting up.

I have no broker loyalty, I will continue to monitor other brokers and If a better deal comes along Im gone. For now these guys give me the best chance of profitability with low trading costs and thats the all important bottom line in my book

Well done IC markets
BTC Return This Year: na
  • #494
  • Jan 7, 2014 9:22pm Jan 7, 2014 9:22pm
@ M.A.C.Doug: While I don't normally like crowding this thread with solictation, I feel it's merited here as you don't seem to be benefiting from any commission discount. I actually do offer rebates for cTrader as an IB, reducing the cost by $0.61 USD / RTL to $5.39 USD / RTL per my profile. These are paid out manually by direct transfer to an ICM account of your choice within a business week of each month's end. Further queries can be sent to my e-mail: [email protected]. If you are already under an IB of any kind; you have my sincerest apologies. In these cases it is absolutely not my intent to solicit.


@ Dark Force & anyone: I brought up RANsquawk/Talking-Forex and the management is seriously considering it. I will also mention the desire for free auto-chartist; thanks for the suggestion!


@ entheos: As mmaker said, while you can get 0 spreads with MT4 at IC Markets, inverse spreads definitely require cTrader. That said, cTrader is probably better for manual traders and tradebots/EAs that fully function with cTrader's language cAlgo.
Offering $1.50 (21%)/RTL Commission Discounts at IC Markets & Global Prime
  • #495
  • Jan 7, 2014 9:37pm Jan 7, 2014 9:37pm
Quoting Layzars
@ M.A.C.Doug: While I don't normally like crowding this thread with solictation, I feel it's merited here as you don't seem to be benefiting from any commission discount. I actually do offer rebates for cTrader as an IB, reducing the cost by $0.61 USD / RTL to $5.39 USD / RTL per my profile. These are paid out manually by direct transfer to an ICM account of your choice within a business week of each month's end. Further queries can be sent to my e-mail: [email protected]. If you are already under an IB of any kind; you have my sincerest apologies....
Recently,ctrader(web or desktop both) is increased the use of cpu and memory.
  • #496
  • Jan 8, 2014 12:23am Jan 8, 2014 12:23am
Yeah, definitely make sure your VPS has adequate resources to run cTrader and then some.
Offering $1.50 (21%)/RTL Commission Discounts at IC Markets & Global Prime
  • #497
  • Jan 8, 2014 1:11am Jan 8, 2014 1:11am
Quoting mmaker
{quote} I've tried cTrader platform and found it somewhat archaic for experienced manual trader. I've used DealBook360 and TradeStation and got used to OCO/OSO conditional orders in both multiple entries and multiple exits. For MT4 platform, I use drag-and-drop MQL scripts to automate the opening of multiple pending orders and other manual actions. I also use Luktom EA (now FVOE v1.6.3) on MT4 to automate the order management such as multiple take profits and trailing stop,...
to agree.
non profile feature,platform loading time,,,,can not open many charts,,,,
great inconvienience,,,
So, I`d like to return mt4ecn.
  • #498
  • Jan 8, 2014 6:25am Jan 8, 2014 6:25am
Quoting mmaker
{quote} Just showing one example from TradeStation layout. Notice that we can efficiently arrange 13-14 chart windows onto a 23" monitor. I can somewhat do this on MT4 except that for every chart, the Windows title bar (with Minimize, Maximize, Close button) took up some screen real estate. You can never do this on cTrader. (I know this post should go to cTrader thread too, will move it later) {image}
Hi,mmaker
Do you know ctdn.com?
You should speak your piece.
  • #499
  • Jan 8, 2014 7:18am Jan 8, 2014 7:18am
Quoting Layzars
@ M.A.C.Doug: I actually do offer rebates for cTrader as an IB, reducing the cost by $0.61 USD / RTL to $5.39 USD / RTL
I was getting slugged $8.00 usd commission on ctrader and they told me it was impossible to do any better. So even your rebate wouldn't make it comparable to the $5.50 they gave me on MT4
BTC Return This Year: na
  • #500
  • Edited 11:33am Jan 8, 2014 10:46am | Edited 11:33am
Hopefully I can clarify things MACDoug.

The base rate (without rebate) is $6.00 USD / RTL, but the lot sizes are denominated in USD.

For example, with the EUR at 1.3591 USD a lot of EURUSD is actually $135910 USD ($100000 * 1.3591), so you are paying a $6.00 USD / RTL rate (by default) on that $6 USD *(135910/100000) = ~$8.15 USD payable commission. With my rebate it works out to ~$7.32 USD / RTL = 5.39*(135910/100000). Note that these rebates are manually paid out though, not discounted in real time.

Building on this, also note that the open and close exchange rates are probably going to be different, so we have the EUR at $1.3591 USD for the open of your position, and say $1.3541 at the close. Again assuming the base rate of $6 USD / RTL:

Open: $3 USD * (135910/100000) = Open commission of ~$4.08 USD

Close: $3 USD * (135410/100000) = Close commission of ~$4.06 USD

Total them and you get $8.14 USD / RTL

Now that may seem high relative to discounted MT4 rates, but keep in mind you can knock ~0.1-0.3 pips (or more) off your cost of trading with inverse spreads during high liquidity, whereas you never can with MT4.

As previously mentioned though, if you already have an IB, I am definitely not looking to poach or solicit.


@MMaker: Agreed, cTrader as a fledgling platform has some design flaws and concerns (I find the lack of profiles particularly annoying), and if you're reliant on certain setups and utilities/scripts that are specific to MT4, cTrader is probably not for you, even if you manually trade despite the inverse spreads. That said, they are definitely seeking advice and feedback on how to improve and since they are keen to implement the ideas of traders I recommend you give them a shout: [email protected]
Offering $1.50 (21%)/RTL Commission Discounts at IC Markets & Global Prime
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