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  • #801
  • Dec 14, 2014 2:21pm Dec 14, 2014 2:21pm
Quoting moyes
Could you please tell which broker has better spreads on average; Lmax, Axitrader or IC markets? Also , is cTrader better than mt4 and are the spreads cheaper for scalpers to trade? Thanks
IC Markets is the best hands down for EURUSD in my experience. As for the others, they're all very close. I think ICM consistently has better spreads on JPY and AUD pairs however. LMAX seems to have the edge for XAUUSD.

You can also check out spreads here, including over a period of several days (just mind the distorting impact of weekends/Friday close/Monday open): http://www.myfxbook.com/forex-broker-spreads
Offering $1.50 (21%)/RTL Commission Discounts at IC Markets & Global Prime
  • #802
  • Dec 14, 2014 10:29pm Dec 14, 2014 10:29pm
I have found this EA for scalping, just set SL and TP value and use MT4 inbuilt one clicker, it will set your TP and SL automatically.

Enjoy !!!
Attached File(s)
File Type: zip one click Ea by ron.zip   < 1 KB | 367 downloads
Don't speculate trade with surety.
  • #803
  • Dec 15, 2014 2:57am Dec 15, 2014 2:57am
Quoting moyes
Could you please tell which broker has better spreads on average; Lmax, Axitrader or IC markets? Also , is cTrader better than mt4 and are the spreads cheaper for scalpers to trade? Thanks
the spreads are one of the key aspects for scalpers because they take very small profits, 5 - 10 pips, this would not be possible if the spread was large,
as a general guide for scalpers, the spread should be below 1 pip, anything over that is not acceptable for us, but you shouldn't just consider the spread when chosing a broker, slippage is another big problem for us, so a broker suitable for a scalper should also have none or very little slippage, this will affect us the same way as the spread and sometimes more, commission is another thing, low commision is a must too, and there shouldn't be any hidden costs. besides that you should make sure the broker is regulated in a western world country, and they should have segregated accounts, wich means they will put your money in a account at their bank only for you, and not along with all the other traders money, this will prevent them from using your money to trade with. commission based brokers and ecn's are generally the best, stp's usually markup the spread wich is bad for us, but there are some stp's that don't do that, IC markets seem to be a good choise, I can also mention Dukascopy, Key to markets, if you aim to take more out of the market than 10 pips at the time, these things wouldn't be so important to you, even they still will affect you in some way, but for a scalper it's death
Bulls are stupid Animals!especially when Im short!
  • #804
  • Dec 17, 2014 1:11am Dec 17, 2014 1:11am
Do you guys know Why ic markets 200 ema are different from other broker? The settings are completely the same?

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  • #805
  • Dec 17, 2014 1:16am Dec 17, 2014 1:16am
Other broker
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  • #806
  • Dec 17, 2014 2:43am Dec 17, 2014 2:43am
Quoting fxdk
Other broker{image}
I think the moving averages you are showing are not the same one seems to be applied to low and the other is applied to high.
Attached Image
  • #807
  • Dec 17, 2014 4:29am Dec 17, 2014 4:29am
Quoting Demos4x
{quote} I think the moving averages you are showing are not the same one seems to be applied to low and the other is applied to high. {image}
no, they are both set to close and exponetial ?
  • #808
  • Dec 17, 2014 5:57am Dec 17, 2014 5:57am
Quoting fxdk
{quote} no, they are both set to close and exponetial ?
That is realy weird.
  • #809
  • Dec 17, 2014 5:19pm Dec 17, 2014 5:19pm
Quoting fxdk
{quote} no, they are both set to close and exponetial ?
Nothing wrong with SMA or EMA on my side.
Screenshot:GBPUSD (Weekly)Green = 200 EMA
Orange = 200 SMA
http://i.imgur.com/I3Ha927.png
Real Time Discounts for IC Markets. Partner ID = 1695
  • #810
  • Edited 9:42pm Dec 17, 2014 8:24pm | Edited 9:42pm
Hi,

I am from Malaysia and i plan to deposit money to IC Markets.

The amount i intend to deposit is GBP 5000.00

Previously i deposited net GBP 1000.00 from my Local Bank to IC Markets via International Wire / Bank Transfer Method.

There is a fee charge to my deposit money and it is not "free" as per stated in the Website.

The fee is very high, which i received only net GBP 965 in my Trading Acccount. i.e 3.5% of GBP 1000(deposited money).

Reason given by IC Markets to me was " Intermediary and correspondent banks may charge fees to process your payments, however we have no control over the fees charged. "

Appreciate if any of you can advise me the cheapest method to deposit to IC Markets?

Thank you
  • #811
  • Dec 17, 2014 10:37pm Dec 17, 2014 10:37pm
Fee for deposit money is clearly defined by IC Markets. Most people outside Australia prefer Visa debit/Card for deposit or sometimes Skrill/Neteller.

http://i.imgur.com/cUt0r6Y.png
Real Time Discounts for IC Markets. Partner ID = 1695
  • #812
  • Dec 31, 2014 7:39am Dec 31, 2014 7:39am
Happy New Year to all of you guys.


Get 21% Real Time discounts on IC Markets
Real Time Discounts for IC Markets. Partner ID = 1695
  • #813
  • Dec 31, 2014 12:25pm Dec 31, 2014 12:25pm
Quoting ahmerkhan
Happy New Year to all of you guys. Get 21% Real Time discounts on IC Markets
What is this? 21% discount is worse than before...
  • #814
  • Dec 31, 2014 1:00pm Dec 31, 2014 1:00pm
Quoting jhehe
{quote} What is this? 21% discount is worse than before...
No it is not. 21% discount actually the same as reducing $1.5 rt lot.
Real Time Discounts for IC Markets. Partner ID = 1695
  • #815
  • Dec 31, 2014 4:00pm Dec 31, 2014 4:00pm
Quoting ahmerkhan
{quote} No it is not. 21% discount actually the same as reducing $1.5 rt lot.
Commission is $7. 0.21*7 = 1.47, not 1.50. I know you mean $1.50, but why not just say so outright...making it sound like a promo when it's just a standard.
  • #816
  • Jan 15, 2015 10:27am Jan 15, 2015 10:27am
Referring to this Post

Today we have seen some shocking spikes on CHF pairs particularly USDCHF and EURCHF. I have just discuss this issue with IC Markets officials and they are well aware of this issue and make sure that this was due to bad quotes from their liquidity providers.

The official email from IC Markets is quoted below.

Dear Client,

This email is concerning the CHF position(s) on your trading account and the prices streamed across the CHF pairs that have affected you today.

Today at 11:30 platform time (GMT+2) the Swiss National Bank removed the floor at 1.20 on the EURCHF currency pair which caused extreme volatility in all CHF pairs and the market in general. Over this period we saw spreads widen significantly which in turn caused the activation of price filters to stop pricing. Once pricing stopped on our main Integral price feed our backup price feed from Currenex was allowed to price. It was at this time that some liquidity providers were able to stream erroneous prices to IC Markets and execute client trades at prices they shouldn’t have.

Today IC Markets will be amending the prices on trades done across the CHF pairs with our liquidity providers. Once we have had these trades amended we will begin the process of adjusting clients accounts. This may include but not be limited to the actions below:

• Reinstatement of positions where appropriate and possible
• Amendment of open/close prices on trades
• Assessment of client portfolios closed due to insufficient margin
• Adjusting client cash balances to reflect the actions above

IC Markets staff will be working as fast as possible to complete the above and restore trading accounts to their correct state. We appreciate your patience as we complete this.

Kind regards,
IC Markets Trade Desk
Real Time Discounts for IC Markets. Partner ID = 1695
  • #817
  • Jan 17, 2015 8:43am Jan 17, 2015 8:43am
Business as usual for IC Markets

Hi Traders,

Dear Traders,

In the wake of unprecedented market events caused recently due to actions of SNB, we would like to reassure you that our robust risk management processes has helped us to continue Business as usual.
Our operating capital has not been affected and we continue to hold capital well in excess of all ASIC regulatory requirements.
Trust and Transparency form the basis of IC Markets' core values, we hold all positive client equity and balances separately in segregated client trust accounts at top-tier Australian banks and do not use these funds for any purpose other than to facilitate clients trading activity.
At IC Markets, we will leave no stone unturned to fulfill our promise of providing our clients with the very best trading environment, Our Staff will be working as fast as possible to resolve all Client inquiries & requests. We appreciate your patience as we complete this.
If you have any further questions or require any assistance, please don't hesitate to contact one of our support team members via Live Chat, email:[email protected] or phone +61 (0)2 8014 4280.
Kind regards,
IC Markets Trade Desk
Real Time Discounts for IC Markets. Partner ID = 1695
  • #818
  • Edited 2:42pm Jan 17, 2015 2:16pm | Edited 2:42pm
Quoting moyes
Could you please tell which broker has better spreads on average; Lmax, Axitrader or IC markets? Also , is cTrader better than mt4 and are the spreads cheaper for scalpers to trade? Thanks
It depends on the currency pair. For EURUSD (this is probably IC Market's best pair in terms of spread; have yet to see another retail broker have consistently better spreads here) and most AUD and JPY pairs, IC Markets has the best spread on average last I checked; not sure about the others. You can also see spreads per MyFXBook: http://www.myfxbook.com/forex-broker-spreads
Offering $1.50 (21%)/RTL Commission Discounts at IC Markets & Global Prime
  • #819
  • Jan 17, 2015 5:20pm Jan 17, 2015 5:20pm
Quoting Layzars
{quote} It depends on the currency pair. For EURUSD (this is probably IC Market's best pair in terms of spread; have yet to see another retail broker have consistently better spreads here) and most AUD and JPY pairs, IC Markets has the best spread on average last I checked; not sure about the others. You can also see spreads per MyFXBook: http://www.myfxbook.com/forex-broker-spreads
IC Markets certainly offers the tightest average spreads around, but "average" is certainly not the single most important measure when assessing spreads.

Spreads during the Asian session and especially Maximum spreads under news stress are at least equally crucial. For example, on January 15th after the SNB announcement, spreads on EURCHF widened to 2,400 pips (that's right, twenty four hundred pips), causing many traders (including myself) to be quoted erroneous prices by their LP's which in turn caused wrongful margin calls and thousands of dollars in losses (my case again). In the case of IC Markets, EURCHF was quoted something like 1,000 pips below Bloomberg BGN composite.

At this point, IC Markets said that they are looking into busting trades with their LP's and reinstating account balances. This is good. But while other brokers already fixed it (e.g. FXPrimus did), it has been 36 hours of open market since the margin call and nothing has happened in my account, which means that if EURCHF keeps falling then I am unable to manage my risk in any way.

So when things like that happen, the rebates and the few 1/10th of pips gained here and there over another broker become meaningless. That is why I am saying, be very careful about "average" spreads.

I will definitely let you guys know about the final outcome. I am also reaching out to you, Ahmerkhan, please keep us posted about how the resolution is progressing at IC Markets. I am trading through you and some support would be greatly appreciated.

EURCHF spreads to illustrate my statement will follow.
  • #820
  • Jan 17, 2015 5:25pm Jan 17, 2015 5:25pm
Here you go. Some brokers had volatility kill switch protocols that prevented any LP's from displaying bad quotes, or they ended up blocking trading in the pair altogether.

IC Markets obviously had no such protocol in place. The good thing is that they professionally and spontaneously went ahead and acknowledged the issue. Now let's see if these words are followed by actual actions.

The resolution will be posted in this forum.
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