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IC Markets

  • #541
  • Jan 23, 2014 7:26pm Jan 23, 2014 7:26pm
Lowered my lot size and now it is working great
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Its just a beginning !!!
  • #542
  • Jan 25, 2014 6:03pm Jan 25, 2014 6:03pm
Quoting Dark Force
I have got email and explanation about it, and it seems it was some some thing to do with margin level I had in my account, may be my pending orders were big enough then the margin I had in my account. need to keep this in mind next time.
just out of curiosity, did anything show up in the journal stating insufficient margin or something like that when the pending order price got hit?
  • #543
  • Jan 25, 2014 8:04pm Jan 25, 2014 8:04pm
Quoting jhehe
{quote} just out of curiosity, did anything show up in the journal stating insufficient margin or something like that when the pending order price got hit?
yes it did, and I should have look for it, which I didnt , so yes it was little hurry from my side to post it here.
Its just a beginning !!!
  • #544
  • Jan 25, 2014 8:50pm Jan 25, 2014 8:50pm
I want to switch brokers but Im not sure whether I should go with ICMarkets or Axitrade. Anyone went with both of them and had a preference ??
  • #545
  • Jan 25, 2014 9:04pm Jan 25, 2014 9:04pm
Quoting Capelli
I want to switch brokers but Im not sure whether I should go with ICMarkets or Axitrade. Anyone went with both of them and had a preference ??
IC is good for me so far.
Its just a beginning !!!
  • #546
  • Jan 25, 2014 9:44pm Jan 25, 2014 9:44pm
Quoting Capelli
I want to switch brokers but Im not sure whether I should go with ICMarkets or Axitrade. Anyone went with both of them and had a preference ??
I was debating that as well and decided to go with ICMarkets. One thing I noticed is that Axi advertises lowest spread at 0.1 pips and ICMarkets at 0.0 pips. Now I wonder, both are very reputable Australian brokers, but why does one have a higher minimum than another especially when chances are they share the same LP and LA. Also, Axi caps max spreads to 4 pips for news traders. Now, I do not like my spreads touched in any way and it looks like Axi may be 'touching' the spreads, but this is a huge grey area and many would disagree. I've seen ICMarkets spreads go down to 0.0 pips and we're not just talking about hitting it and then going back up. We're talking about some periods where it can consistently maintain itself at 0.0 pips. ICMarkets does use dark pools, which is only stated on one page of their entire site. I have talked to Axi reps before and well, they seem to have account managers who you can get in touch with instead of just some general support which could be advantageous if you're trading some serious money.
  • #547
  • Jan 25, 2014 10:06pm Jan 25, 2014 10:06pm
Quoting jhehe
{quote} I was debating that as well and decided to go with ICMarkets. One thing I noticed is that Axi advertises lowest spread at 0.1 pips and ICMarkets at 0.0 pips. Now I wonder, both are very reputable Australian brokers, but why does one have a higher minimum than another especially when chances are they share the same LP and LA. Also, Axi caps max spreads to 4 pips for news traders. Now, I do not like my spreads touched in any way and it looks like Axi may be 'touching' the spreads, but this is a huge grey area and many would disagree. I've...

Thank you jhehe, but Im still not convinced. You said that Axi has a 4 pips spread during news period, this is actually pretty good. The thing is, I dont put too much attention about spread. I care more about speed of execution, whether there are gaps in their feeds, do they close the platform when a major moves occurs and slippage. Have you ever had any issue with any of those points ??
  • #548
  • Jan 25, 2014 10:12pm Jan 25, 2014 10:12pm
I peronally face lag when I zoom to 1 min chart and unbelievebly it can go upto 5 seconds delay between the updates.

but I am not bothered because I trade bigger time frames.
Its just a beginning !!!
  • #549
  • Jan 25, 2014 10:13pm Jan 25, 2014 10:13pm
best thing about IC is deposit and withdrawals which are always on time. and yeah also spread.
Its just a beginning !!!
  • #550
  • Jan 25, 2014 10:30pm Jan 25, 2014 10:30pm
Quoting Dark Force
best thing about IC is deposit and withdrawals which are always on time. and yeah also spread.

I heard that they charge between 20 to 50$ for international wire transfer. Is that true ??
  • #551
  • Edited Jan 26, 2014 12:04pm Jan 25, 2014 10:56pm | Edited Jan 26, 2014 12:04pm
First off, in the interests of full and plain disclosure (and per my sig), I'm an IB of IC Markets.


That said, I've never personally experienced issues with disconnections or lag recently. There was a patch of turbulence long ago around April-May 2013 when IC Markets was upgrading and buying new servers, but since then things have been good, both in terms of feed reliability and execution speed. Note however, that I almost never trade at time frames lower than M15 though.

So far as spreads go, the majors are some of the lowest in the retail space, and ICM's EURUSD spread is literally unsurpassed/unmatched so far as I can tell.

Withdrawals have been fast. The bank IC Markets uses to send the international wire charges $20 AUD (they simply pass on the costs); anything deducted from your withdrawal over this amount would be due to your receiving or intermediary banks. The charges/costs they impose are of course entirely out of ICM's hands and would feature regardless of your broker.
Offering $1.50 (21%)/RTL Commission Discounts at IC Markets & Global Prime
  • #552
  • Jan 25, 2014 11:07pm Jan 25, 2014 11:07pm
Quoting Layzars
First off, in the interests of full and plain disclosure (and per my sig ), I'm an IB of IC Markets. That said, I've never personally experienced issues with disconnections or lag recently. There was a patch of turbulence long ago around April-May 2013 when IC Markets was upgrading and buying new servers, but since then things have been good, both in terms of feed reliability and execution speed. Note however, that I almost never trade at time frames lower than M15 though. So far as spreads go, the majors are some of the lowest in the retail space,...

Thank you for the informations
  • #553
  • Jan 27, 2014 2:16am Jan 27, 2014 2:16am
Quoting Capelli
{quote} I heard that they charge between 20 to 50$ for international wire transfer. Is that true ??
My wire transfer to ICMarkets was about $80. So far, haven't withdrawn yet but their support says that ICMarket's bank charged 20 AUD per wire withdrawal
  • #554
  • Jan 29, 2014 11:45am Jan 29, 2014 11:45am
Don't open an account with IC Markets, they don't honor withdrawal requests, i have submitted a withdrawal request one week ago but they refused to send me my money, do you know guys where i can file a complain?
https://diamondmanagedfx.com/prop-firm-passing-service/
  • #555
  • Edited 11:42pm Jan 29, 2014 2:31pm | Edited 11:42pm
I placed a withdrawal yesterday and it was processed in the afternoon.

I personally think IC are offering a good service to date, with the inter account funds transfer and instant deposits etc. The ECN behaviour is typical and you have to learn how to use it to your advantage.

Euormaster - Have you followed up with communication regarding your withdrawal, I never had to, but it sounds like you should have, I can't see any reason at this stage why they wouldn't honour such requests, unless of course you are talking 6 plus figures which may require a bank cheque or other delayed method.
My comments are not to be taken as trading advice, not a financial advisor
  • #556
  • Jan 29, 2014 2:50pm Jan 29, 2014 2:50pm
EuroMaster,

When you contacted customer support, what did they give as a reason for the delay?
  • #557
  • Jan 29, 2014 3:56pm Jan 29, 2014 3:56pm
Quoting EuroMaster
Don't open an account with IC Markets, they don't honor withdrawal requests, i have submitted a withdrawal request one week ago but they refused to send me my money, do you know guys where i can file a complain?
proof? What was the email response or transaction log message or live support chat log?
  • #558
  • Jan 29, 2014 6:27pm Jan 29, 2014 6:27pm
Quoting EuroMaster
Don't open an account with IC Markets, they don't honor withdrawal requests, i have submitted a withdrawal request one week ago but they refused to send me my money, do you know guys where i can file a complain?
If you didn't contact support about the issue, I certainly recommend doing so. If you did, I would be more than happy to help you resolve the issue by consulting with ICM's management.
Offering $1.50 (21%)/RTL Commission Discounts at IC Markets & Global Prime
  • #559
  • Feb 9, 2014 10:02pm Feb 9, 2014 10:02pm
So far there's been no response from Euromaster or substantiation of his issue, either here or in the other thread he created: http://www.forexfactory.com/showthread.php?t=468791

Given that others from FF have recently reported timely and problem free withdrawals at ICM, I suppose it can be concluded that this is a false alarm?
Offering $1.50 (21%)/RTL Commission Discounts at IC Markets & Global Prime
  • #560
  • Feb 10, 2014 2:36am Feb 10, 2014 2:36am
Quoting Layzars
So far there's been no response from Euromaster or substantiation of his issue, either here or in the other thread he created: http://www.forexfactory.com/showthread.php?t=468791 Given that others from FF have recently reported timely and problem free withdrawals at ICM, I suppose it can be concluded that this is a false alarm?
I certainly had no problem withdrawing a relatively large sum a few weeks back.
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