IC Markets experienced traders, do you suggest this company? | Forex Factory

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IC Markets experienced traders, do you suggest this company?

  • #1
  • First Post: Mar 7, 2017 6:17am Mar 7, 2017 6:17am
Before I deposit want to learn experience. Thanks in advance.
  • #2
  • Mar 7, 2017 6:43am Mar 7, 2017 6:43am
I have account with them and my friend is trading it for me....

https://www.forexfactory.com/showthread.php?t=645392
Great things dont happen overnight!!!
  • #3
  • Mar 7, 2017 7:34am Mar 7, 2017 7:34am
Quoting TrumpUSA
I have account with them and my friend is trading it for me.... https://www.forexfactory.com/showthread.php?t=645392
Nice Job in Your account
  • #4
  • Mar 7, 2017 7:42am Mar 7, 2017 7:42am
Quoting Traderak
{quote} Nice Job in Your account
Thank you, I am just the investor. trader is my close friend, btw ic market is good broker, you can go ahead and invest with them.
Great things dont happen overnight!!!
  • #5
  • Mar 12, 2017 12:28pm Mar 12, 2017 12:28pm
Trump, if you don’t mind then maybe can you tell me what is your capital? Also what is the minimum this company got? It would be nice to know some details about them and later I will check this myself once I get time…. Thanks
  • #6
  • Apr 23, 2017 11:45pm Apr 23, 2017 11:45pm
Hey, just want to share my experience so far.
I registered early March 2017 with $210 deposit. My bank told me there will be a $25 transaction fees since it is an international transaction after all. It took only 2 days for my balance to appear in my live account but I only ended up with $179.50. So there is that $9 missing, but i guess thats just a little fee to pay.
I haven't withdraw any money so I can't tell you yet how well they handle it.
I use MT4 for the platform and there are NO commission at all when placing order. I also think spread is normal since it does not sway too much from when i did Demo.
The only thing that's bugging me is the price showned at the order windows and the graph is not the same (see attached picture)
I don't know if its normal or not so it will be nice if someone can clarify this =)
Anything else is fine so far..
Attached Image (click to enlarge)
Click to Enlarge Name: normal1.jpg Size: 303 KB
  • #7
  • Apr 26, 2017 9:13am Apr 26, 2017 9:13am
First day so far on True ECN account. On major pairs spreads are almost non existent (0 pip for fiber actually, but there is a small commission). On crosses and exotics spreads are among lowest that I have ever seen.

I will update my experience after a month.
"Don't lose your cool, and you will fare well".
  • #8
  • Apr 27, 2017 7:57am Apr 27, 2017 7:57am
OK, server is down. Live05 is down. This is embarrassing. My position is green right now, so what am I gonna do if it goes red after server is back up?

Is Live05 down for anyone else?
"Don't lose your cool, and you will fare well".
  • #9
  • Apr 27, 2017 8:00am Apr 27, 2017 8:00am
Quoting diana91
OK, server is down. Live05 is down. This is embarrassing. My position is green right now, so what am I gonna do if it goes red after server is back up? Is Live05 down for anyone else?
Live02 is down for me. They usually refund you if you lose money while their server is down.
  • #10
  • Apr 27, 2017 8:04am Apr 27, 2017 8:04am
Quoting diana91
OK, server is down. Live05 is down. This is embarrassing. My position is green right now, so what am I gonna do if it goes red after server is back up? Is Live05 down for anyone else?
down for me also.

It happens like once every month now i think. It was not like this last time.
  • #11
  • Apr 27, 2017 8:04am Apr 27, 2017 8:04am
Quoting PLooB
{quote} Live02 is down for me. They usually refund you if you lose money while their server is down.

Unfortunately all servers are down Really bad moment. There's good market on eurusd. It's second time this year.
  • #12
  • Apr 27, 2017 8:05am Apr 27, 2017 8:05am
Quoting PLooB
{quote} Live02 is down for me. They usually refund you if you lose money while their server is down.
Damn it...
"Don't lose your cool, and you will fare well".
  • #13
  • Apr 27, 2017 8:06am Apr 27, 2017 8:06am
Quoting insomniawawa
{quote} Unfortunately all servers are down Really bad moment. There's good market on eurusd. It's second time this year.
Yes, i can accept server down during asian session, but come on, finally price has some volatility and servers are down. WTF. I have several limit orders pending and got triggered if they were live now. So what happens now? Do i get a refund if i lose ?
  • #14
  • Apr 27, 2017 8:09am Apr 27, 2017 8:09am
Quoting CrocodileRex
{quote} Yes, i can accept server down during asian session, but come on, finally price has some volatility and servers are down. WTF. I have several limit orders pending and got triggered if they were live now. So what happens now? Do i get a refund if i lose ?
It's not because volatility and it's not IC Markets action to block servers, however it's annoying it happens now. It's back.
  • #15
  • Apr 27, 2017 8:11am Apr 27, 2017 8:11am
Quoting CrocodileRex
Do i get a refund if i lose ?
Yes.
  • #16
  • Apr 27, 2017 8:13am Apr 27, 2017 8:13am
Ehhh, they will refund lose, but they will not refund obvious trade that I was waiting for on eursud and I couldn't open, 1:4 risk:reward...
  • #17
  • Apr 27, 2017 8:20am Apr 27, 2017 8:20am
Quoting insomniawawa
Ehhh, they will refund lose, but they will not refund obvious trade that I was waiting for on eursud and I couldn't open, 1:4 risk:reward...
exactly this. I had a pending order that will be triggered if the servers were not down. Now i had to manually close that order who didnt triggered and enter at a worse price.

But we are small fish anyway, would be wasting time to talk to them about my 0.1 lot order. Move on guys.
  • #18
  • May 5, 2017 8:59am May 5, 2017 8:59am
Has anyone got notified on margin requirement change? I didn't get any email yet.
"Don't lose your cool, and you will fare well".
  • #19
  • May 5, 2017 9:55am May 5, 2017 9:55am
Quoting diana91
Has anyone got notified on margin requirement change? I didn't get any email yet.
The email I received from them...

Change in Leverage- French Elections


Dear Trader,

As you may be aware, the second round of the French presidential election will take place on Sunday 7th of May. As this is seen as a significant event, it will provide traders with increased opportunities, but also increased risk due to the event taking place over the weekend. There is high potential for extreme market volatility, particularly for currency pairs based in EUR.

What does this mean?
High volatility is expected to be seen in the financial markets during this weekend, prices could move several hundred pips in a matter of seconds or minutes. Clients holding positions in EUR pairs should be cautious and closely monitor any open positions.
What should you do?
We recommend clients reduce exposure going into the weekend, especially on the EUR crosses.
In order to protect clients from adverse effects, IC Markets' risk management team has decided to make this leverage change due to changing market conditions, as follows:

http://i4.cmail19.com/ei/d/34/804/A6...leverage_3.png


These changes will be applied to all positions on Friday 5th May 00:00 server time (GMT + 3). They will remain in effect until Monday 8th 00:00 server time (GMT + 3).

Spreads are likely to be extremely volatile and may widen during this period. Traders should be aware of those factors that may affect hedged positions.

We will carefully monitor market volatility and should there be any further changes, we will contact you via email, MT4, or by changes on our website.

If you have any questions or require any assistance, please contact one of our support team members via Live Chat, email: [color=#39B01E][email protected], or phone +61 (0)2 8014 4280.

Kind regards,
IC Markets Team [/color]
  • #20
  • May 5, 2017 9:58am May 5, 2017 9:58am
So they did what rest of the others did too. As expected.

I am digging through the mountain of my emails, and can't find one about this... Weird.
"Don't lose your cool, and you will fare well".
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