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ICMarkets Discussion

  • #1
  • First Post: Aug 10, 2016 7:36am Aug 10, 2016 7:36am
Hi Guys,

Opinions from those of you who have traded with this broker for a couple of years and who are neither their IBs nor affiliated with them ?
  • #2
  • Aug 10, 2016 9:17am Aug 10, 2016 9:17am
They are ok. Have been with them a couple of years. You won't have trouble with withdrawls. Spreads are good. A lot of slippage but you often get positive slippage too, so not too bad. Ctrader platform is better than mt4. A decent broker all up. The biggest negative is that their platform freezes up pretty often.
  • #3
  • Aug 10, 2016 1:54pm Aug 10, 2016 1:54pm
Quoting PharLap
The biggest negative is that their platform freezes up pretty often.
you may use the ctrader web ..
  • #4
  • Aug 11, 2016 10:52am Aug 11, 2016 10:52am
i've heard they had some troubles with their IT infrastructure in the fall of 2015, what happened ?
  • #5
  • Aug 11, 2016 9:54pm Aug 11, 2016 9:54pm
Brief summary - (negative) slippage is above average. If this is not a big deal for you they are worth a try.
  • #6
  • Aug 11, 2016 10:48pm Aug 11, 2016 10:48pm
They have some slippage, but nothing extreme for me (using mt4 platform). Everything else is pretty good. I would recommend them, since i didn't have any weird experience, like the ones you hear here at FF.
  • #7
  • Aug 12, 2016 12:23pm Aug 12, 2016 12:23pm
ICmarkets execution Speed please let me know if this normal to you
Attached Image (click to enlarge)
Click to Enlarge Name: ICM Speed.jpg Size: 670 KB
  • #8
  • Aug 13, 2016 5:02am Aug 13, 2016 5:02am
Quoting sameerbiz
ICmarkets execution Speed please let me know if this normal to you
you have about 41 seconds lag from order to execution there
  • #9
  • Aug 13, 2016 8:04am Aug 13, 2016 8:04am
41 sec delay. That's insane. I had 10 sec delay myself after 10 minutes usd news release. The market settled down, no wild movements or spread. Cannot understand. Internet speed at work is only 3 mbps though. And pc is beyond terrible. Could this be a problem?
  • #10
  • Aug 13, 2016 9:09am Aug 13, 2016 9:09am
Well i am on the best Vps CNS the same link where ICM is hosted too
3ms ping delay some time i get even 1sec ping
but execution speed what i get is like 30 to 50 sec which is normal and ICM says the execution speed is 1 sec
they dont accept they mistakes because of the execution bad i lost alot of money due to Slippage and Slippage coming because the execution speed is very bad
they just overloaded

If you see the timing there was no News no events nothing
market condition was very normal and in this type of condition i getting 41 sec delay
and the time of news some times i get 2 mins delay also
  • #11
  • Aug 15, 2016 5:41am Aug 15, 2016 5:41am
what do you guys think about this ?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 18 KB
  • #12
  • Aug 19, 2016 4:28am Aug 19, 2016 4:28am
any comments on that FPA guilty ruling ?
  • #13
  • Aug 19, 2016 5:43am Aug 19, 2016 5:43am
Well this ICM sucks they will never accept they mistakes the good thing is to quit this broker
and better go with some better broker like Thinkforex Vipro or something better

ICM is Regulated by ASIC but ASIC is not a Regulator this is funny
ICM freeze every day for 5 mins
if your TP or SL could hit that time it will be ignored
Stupid broker with Stupid Rules
  • #14
  • Aug 19, 2016 1:10pm Aug 19, 2016 1:10pm
Quoting sameerbiz
ICmarkets execution Speed please let me know if this normal to you {image}
You dont have good internet.
  • #15
  • Aug 21, 2016 7:26am Aug 21, 2016 7:26am
Quoting MXT
what do you guys think about this ? {image}
Avoid ICmarkets scam.

I used ICM for 3 months and never had positive slippage. It is not a sign for a true ecn. If looking for market makers, there are better ones.
  • #16
  • Aug 21, 2016 8:49am Aug 21, 2016 8:49am
Quoting Tim_isoara
{quote} You dont have good internet.
Really not good internet and getting Ping 3ms ?
ICM is just a shitty broker thats all i can say
90% of my trades every time slippage 2 or 3 pips slippage is very normal for them
some times i even got 20 pips Slippage too and they says this was from LPs we dont control slippage
  • #17
  • Aug 21, 2016 8:37pm Aug 21, 2016 8:37pm
Quoting sameerbiz
{quote} Really not good internet and getting Ping 3ms ? ICM is just a shitty broker thats all i can say 90% of my trades every time slippage 2 or 3 pips slippage is very normal for them some times i even got 20 pips Slippage too and they says this was from LPs we dont control slippage
If you are from USA i know a very good broker.
  • #18
  • Aug 22, 2016 1:29am Aug 22, 2016 1:29am
Quoting Tim_isoara
{quote} If you are from USA i know a very good broker.
i am moving to FXCM
this broker ICM gave me 40 pips Slippage again
  • #19
  • Aug 22, 2016 1:32am Aug 22, 2016 1:32am
Quoting sameerbiz
{quote} i am moving to FXCM this broker ICM gave me 40 pips Slippage again
You are from USA?
  • #20
  • Aug 22, 2016 2:32am Aug 22, 2016 2:32am
Quoting sameerbiz
{quote} i am moving to FXCM this broker ICM gave me 40 pips Slippage again
About FXCM.
The aforementioned loan which FXCM took from Leucadia came with two key conditions: 1) Leucadia gets most of the ‘upside’ should FXCM be sold down the road, and 2) FXCM pays Leucadia a very high punitive rate of interest on the loan as long as it remains outstanding. The loan interest rate started off at 10% (per annum), and increases by 1.5% each quarter for as long as it is outstanding up to a maximum of 20.5% per annum.
The Leucadia loan stood at $193 million owing as at the end of Q1. And at the current interest rate of 17.5% (it will reach the max 20.5% rate later this year), that means that FXCM is paying interest to Leucadia of about $8.4 million each quarter. If the loan principal stays at its current level those quarterly interest payments will hit $9.9 million later this year. Which is basically FXCM’s entire EBITDA.
And FXCM has other debt to service, including $172 million of senior convertible notes paying interest of 2.25%.

I have a very good broker for USA residents.
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