Donna Forex Forum

Brokers => Brokers => Topic started by: HFT Group on April 26, 2012, 03:01:46 PM

Title: IC MARKETS
Post by: HFT Group on April 26, 2012, 03:01:46 PM
IC Markets 'True ECN' account.

Regulation: ASIC (Australia) fully regulated 'Grade A' broker.

Feed: Integral. STP/ECN.  Raw spread plus commission.

Sever location: NY4

Minimum deposit: $200AUD or equivalent.

Leverage: 500:1 up to $1K, 400:1 $1K to $20K, 300:1                          $20K to $50K

Minimum lot size: 0.01 lots  (yes, 0.01 lots).

Stop level: Zero pips.

Account currencies: AUD, USD, EUR, GBP, SGD.

US residents with IBC are accepted.

Free VPS: CNS Value Edition vps available for accounts trading over 20 lots r/t per month (100 lots with discounted commission). No minimum account balance.

Below is a list of the supported account funding currencies with the discounted commission rate per full lot round trip.


AUD - 5.50

USD - 5.50

EUR - 4.60

GBP - 3.70

SGD - 7.00


Existing non-IB accounts are eligible for the reduced commission charge.
Please contact IC Markets quoting your existing non-IB account number together with a request to be placed under the 'HFT Group agreement'.

Please contact me for access to the HFT Group discounted commission agreement for the IC Markets 'True ECN' account.

I have applied for an account and will provide a public myfxbook  running NMI SS at default, with both conservative and non-conservative settings, ASAP.

An invitation will be extended to a representative of IC Markets to provide additional information and answer questions from forum members.




Following requests from a few Envy users, I have contacted IC Markets to clarify the special conditions offered to Envy users on the ICM True ECN account.

500:1 leverage can be requested on all account sizes after your account has been opened.
This is subject to the condition that the account will be used solely to trade Forex Envy. ICM reserve the right to reduce leverage to the standard level if they feel this requirement is not met.

The discounted commission offer extended to all forum members for the ICM True ECN account is available to members trading Forex Envy.

A discounted commission charge retains more equity in your trading account for Envy, as opposed to the rebates being offered by a few obscure rebate providers.
 
Existing non-IB accounts are eligible for the discounted commission.

Members with existing IB accounts would need to open a new account to receive the discounted commission rate.

Please note: The minimum requirement for the free CNS vps for accounts receiving the discounted commission rate is now 100 r/t lots per month.
Title: Re: IC MARKETS
Post by: 7trader7 on April 26, 2012, 03:26:50 PM
I think you have to be very carefull with this one:

http://www.forexpeacearmy.com/forex-forum/has-anyone-heard/14923-does-anybody-know-about-ic-markets.html

Lots of (fake?) reviews from ONLY Aussie people:

http://www.100forexbrokers.com/reviews-ratings/icmarkets

This broker looks to good to be true...

If it's such a great broker, why is nobody trading with them or has even heard about them?
Title: Re: IC MARKETS
Post by: BarrySDCA on April 26, 2012, 03:37:01 PM
IC Markets is a fine broker.   I'm not sure what you read/heard, but from my direct experience/interaction with them, I see no red flags whatsoever.

Anyone who says different just does not have any idea what they are talking about.

Title: Re: IC MARKETS
Post by: maestro007 on April 26, 2012, 03:40:25 PM
More info to follow  ;)

Will be interesting to see what you get with them.. I was considering signing up with them.. Commissions are already quite reasonable.
Title: IC MARKETS
Post by: e1vis on April 26, 2012, 11:30:07 PM
I have considered them before but always hesitated due to the lack of information/feedback about them. Their website tells me pretty much nothing about them. Lot sizes allowed? Leverage? Market maker? ECN? Funding/withdrawal? Server locations?  Hedging allowed? Ea's allowed? Etc etc...!!
Title: Re: IC MARKETS
Post by: HFT Group on April 27, 2012, 09:14:42 AM
I think you have to be very carefull with this one:

http://www.forexpeacearmy.com/forex-forum/has-anyone-heard/14923-does-anybody-know-about-ic-markets.html

Lots of (fake?) reviews from ONLY Aussie people:

http://www.100forexbrokers.com/reviews-ratings/icmarkets

This broker looks to good to be true...

If it's such a great broker, why is nobody trading with them or has even heard about them?


IC Markets are a fully ASIC regulated Australian broker.
Nothing to be careful about with that. Clients funds are held in segregated accounts.

More info in my first post of this thread.
Title: Re: IC MARKETS
Post by: HFT Group on April 27, 2012, 09:16:55 AM
More info to follow  ;)

Will be interesting to see what you get with them.. I was considering signing up with them.. Commissions are already quite reasonable.

IC Markets have offered a substantial discount off their normal commission charge to forum members. Please see my original post for info.
Title: Re: IC MARKETS
Post by: HFT Group on April 27, 2012, 09:19:01 AM
I have considered them before but always hesitated due to the lack of information/feedback about them. Their website tells me pretty much nothing about them. Lot sizes allowed? Leverage? Market maker? ECN? Funding/withdrawal? Server locations?  Hedging allowed? Ea's allowed? Etc etc...!!

I have posted full info on IC Markets in my original post  ;)
Title: Re: IC MARKETS
Post by: 7trader7 on April 27, 2012, 09:37:59 AM
IC Markets are a fully ASIC regulated Australian broker.
Nothing to be careful about with that. Clients funds are held in segregated accounts.
I also came to this broker last week, but all the reviews I saw seemed to good to be true to me.

It's hard to believe that a broker that works so well (according to the reviews) and is around since 2007, is so unknown on donnaforex, forexfactory and so on.

Why would it be that the mass of traders still hasn't discovered this great broker?

Do you have experiences with withdrawals / know experiences of other traders regarding to this? I don't see anything about withdrawals on their website.

Perhaps I'm wrong, but I have a strange feeling about this broker. At least I will stay very carefull with this one.
Title: Re: IC MARKETS
Post by: HFT Group on April 27, 2012, 10:04:30 AM
IC Markets are a fully ASIC regulated Australian broker.
Nothing to be careful about with that. Clients funds are held in segregated accounts.
I also came to this broker last week, but all the reviews I saw seemed to good to be true to me.

It's hard to believe that a broker that works so well (according to the reviews) and is around since 2007, is so unknown on donnaforex, forexfactory and so on.

Why would it be that the mass of traders still hasn't discovered this great broker?

Do you have experiences with withdrawals / know experiences of other traders regarding to this? I don't see anything about withdrawals on their website.

Perhaps I'm wrong, but I have a strange feeling about this broker. At least I will stay very carefull with this one.

Hi, yes I actually traded with IC Markets about 6 months ago when their LP was CFH Markets feed. I decided to wait until they moved to NY4 and the Integral feed before using them again.

Deposits and withdrawals went smoothly via Bpay (Australia). You just submit a withdrawal form and its done.

I am not sure if you are an Australian resident but if not be assured that as an Australian resident I have total faith and trust in any broker that is ASIC regulated.

Australian brokers are amongst the most highly regulated brokers in the world explaining why they are so popular and sought after by traders worldwide.
Title: Re: IC MARKETS
Post by: 7trader7 on April 27, 2012, 10:17:48 AM
Thanks Jon and also thanks to Barry from CNS VPS.

No, I'm not an Australian, I'm European.

I'll follow this thread and possibly I'll try them within some time funding the minimum amount to check by myself if they are really great. I'll pm you then.

 
Title: Re: IC MARKETS
Post by: 7trader7 on April 27, 2012, 12:27:13 PM
Is it possible to hold accounts in EUR as base currency?
Title: Re: IC MARKETS
Post by: BarrySDCA on April 27, 2012, 02:52:44 PM
...
Why would it be that the mass of traders still hasn't discovered this great broker?
...

It probably has something to do with their recent move to NYC.  Most Australian brokers have gone to NYC recently.

Incidentally, IC Markets will be ON NET with us on May 5th.    In english, that is a direct connect to our NYC datacenter.

I know the company that provides their back-end services.  No red flags - all good.
Title: Re: IC MARKETS
Post by: Dash on April 27, 2012, 07:28:47 PM
do they have non-ecn accounts too? or just ecn?
Title: Re: IC MARKETS
Post by: HFT Group on April 27, 2012, 09:17:13 PM
IC Markets do not provide commissions for IB's to give rebates on, so don't have the market exposure a broker with IB's would get.

At this point IC Markets only offer their 'True ECN' account.
Title: Re: IC MARKETS
Post by: 7trader7 on April 29, 2012, 06:26:40 PM
...
Why would it be that the mass of traders still hasn't discovered this great broker?
...

It probably has something to do with their recent move to NYC.  Most Australian brokers have gone to NYC recently.

Incidentally, IC Markets will be ON NET with us on May 5th.    In english, that is a direct connect to our NYC datacenter.

I know the company that provides their back-end services.  No red flags - all good.
Thank you Barry.
Title: Re: IC MARKETS
Post by: HFT Group on April 30, 2012, 08:53:00 AM
Ping Test:  Beeks NY4 Gold 2008 vps to IC Markets NY4.


Microsoft Windows [Version 6.1.7601]
Copyright (c) 2009 Microsoft Corporation.  All rights reserved.

C:\Users\Administrator>ping 38.76.4.30

Pinging 38.76.4.30 with 32 bytes of data:
Reply from 38.76.4.30: bytes=32 time=1ms TTL=123
Reply from 38.76.4.30: bytes=32 time=1ms TTL=123
Reply from 38.76.4.30: bytes=32 time=1ms TTL=123
Reply from 38.76.4.30: bytes=32 time=1ms TTL=123

Ping statistics for 38.76.4.30:
    Packets: Sent = 4, Received = 4, Lost = 0 (0% loss),
Approximate round trip times in milli-seconds:
    Minimum = 1ms, Maximum = 1ms, Average = 1ms

C:\Users\Administrator>



Expat test. Beeks NY4 Gold 2008 vps to IC Markets NY4.
Title: Re: IC MARKETS
Post by: HFT Group on April 30, 2012, 11:32:26 AM
Spread Test: Eur/Usd.

Min: 0.0 Pips
Max: 0.7 pips
Avg: 0,3 pips
Title: Re: IC MARKETS
Post by: Jackmarkets on April 30, 2012, 04:36:25 PM
What are the standard commision rates that are offered?
Title: Re: IC MARKETS
Post by: HFT Group on May 01, 2012, 08:45:11 AM
The standard commission charge for the IC Markets 'True ECN' account is currently $7.00 AUD per lot round trip for AUD accounts.

The standard commission charge is $7.00 USD for USD accounts.

For accounts funded in the other major currencies (Gbp, Eur, Yen etc) the standard commission charge is the equivalent of $7.00 AUD in the respective currency.

The commission charge applies to all pairs traded.


The IC Markets offer to forum members is $5.50 AUD (or equivalent) fixed commission charge per lot round trip.
Title: Re: IC MARKETS
Post by: Josef on May 01, 2012, 08:55:55 AM

Anybody here who run a live account with them and can share his experience with me and other forum members?
Title: Re: IC MARKETS
Post by: HFT Group on May 01, 2012, 09:05:41 AM

Anybody here who run a live account with them and can share his experience with me and other forum members?


Hi Josef,
            I have previously posted ping test, Expat test and  E/U spread test.

My live account is funded and I will be setting it up on my vps with MDP, No1 and hopefully NMI SuperScalper as soon as possible.

I will post a public myfxbook link as soon as everything is up and running.

Regards, Jon.
           
Title: Re: IC MARKETS
Post by: HFT Group on May 01, 2012, 09:31:08 AM
Updated IC Markets E/U spread test.

Max: 2.1 pips
Min:  0.0 pips
Avg. 0.3 pips
Title: Re: IC MARKETS
Post by: HFT Group on May 01, 2012, 01:13:05 PM
I am displaying the widget for my live IC Markets 'True ECN' account in my signature.

Currently running MDP 1.20 at low risk settings. 0.1 fixed lot size.

Number One scalper on E/U and U/J. Default except Spread compensation = true. 0.1 fixed lot size.

NMI Super Scalper to be installed on 5 currency pairs at fixed 0.1 lot size asap.
Title: Re: IC MARKETS
Post by: js497 on May 13, 2012, 10:34:01 AM
and what about cfd please?
im interested by this product.

dma ? external commission ? etc
Title: Re: IC MARKETS
Post by: HFT Group on May 13, 2012, 10:59:58 AM
Hi,
     IC Markets provide DMA CFD trading.

More info is available here  http://www.icmarkets.com.au/cfds_ic_markets.html (http://www.icmarkets.com.au/cfds_ic_markets.html)
Title: Re: IC MARKETS
Post by: js497 on May 13, 2012, 11:06:11 AM
yes i readen,

but for example, if i take a position on dow jones (cfd), the commission is exclued of the spread or not ?
is it possible to have a rebate for cfd product here ? ;)
Title: Re: IC MARKETS
Post by: HFT Group on May 13, 2012, 08:50:20 PM
Hi,
    The deal offered to forum members by IC Markets was a discounted commission of $5.50 per lot for Forex.
I will enquire as to CFD's on your behalf and advise.
Title: Re: IC MARKETS
Post by: flowerhorn on May 13, 2012, 11:39:24 PM
Please feel no offence with my remark below.

I browse the IC Market website and saw  the following statement.

Our exceptional customer service will provide you with the information and support you need for to trade successfully.

And yet I fail to locate the chat button!
Title: Re: IC MARKETS
Post by: bearnakedbull on May 13, 2012, 11:53:01 PM
Please feel no offence with my remark below.

I browse the IC Market website and saw  the following statement.

Our exceptional customer service will provide you with the information and support you need for to trade successfully.

And yet I fail to locate the chat button!
There are lots of more established brokers who have the chat icon indicating that they are always online and yet when I select the icon guess what, nobody home. I think ICM is a smaller startup and if they are competing in many other areas such as spreads and execution then I can overlook the lack of live support. I have yet to find Axitrader actually online for example, try their chat and see what happens.
Title: Re: IC MARKETS
Post by: HFT Group on May 14, 2012, 08:48:21 AM
Please feel no offence with my remark below.

I browse the IC Market website and saw  the following statement.

Our exceptional customer service will provide you with the information and support you need for to trade successfully.

And yet I fail to locate the chat button!

Hi,
   IC Markets do not currently support live chat. They are in the process of revamping the website so hopefully this support option will be included in the future.

You can contact them via email at info@icmarkets.com.au or by phone on +61 (0) 28014 4280

If there is any information you need that I may be able to help with please post your questions or PM me and I will assist in any way I am able.
Title: Re: IC MARKETS
Post by: drlobster on May 15, 2012, 01:54:53 PM
Yep they are totally legit. I met one of the directors in person in Sydney about a year ago and have been using them ever since for manual trading and have never looked back.

Cheers

Drlobster
Title: Re: IC MARKETS
Post by: flowerhorn on May 16, 2012, 11:43:12 PM
Online chat is pretty a standard feature in a forex broker setup. I found many online chats "open" during the business hours of their respective countries. Outside this time, one can just leave a message for them to follow up when they are online. Not made in heaven but much better than no online chat.

Well, if they don't have one, I guess one would resort to email or call to contact with them. On the email channel, hope they will answer it promptly and not after a day.

Call is a bit expensive to make as after all, I am a small retail forex trader.

 
Title: Re: IC MARKETS
Post by: Hyperdimension on May 31, 2012, 01:44:04 AM
IC Markets looks good, but is their feed and execution the same as AxiTrader Pro ECN, since both use Integral? Or is one slightly better than the other?
Title: Re: IC MARKETS
Post by: bearnakedbull on May 31, 2012, 02:11:48 AM
IC Markets looks good, but is their feed and execution the same as AxiTrader Pro ECN, since both use Integral? Or is one slightly better than the other?
Slippage is high so not suitable for all strategies.
Title: Re: IC MARKETS
Post by: e1vis on May 31, 2012, 02:54:25 AM
IC Markets looks good, but is their feed and execution the same as AxiTrader Pro ECN, since both use Integral? Or is one slightly better than the other?
Slippage is high so not suitable for all strategies.

Yes, slippage seems to be a problem. Apparently, it's consistently much higher than on the AXI ECN, for example.
Title: Re: IC MARKETS
Post by: HFT Group on May 31, 2012, 09:22:53 AM
IC Markets feed is good quality, spreads are tight and execution times are excellent. On these three  points IC is comparable to Axi Pro. Performance of tick scalpers like MDP, No1 and NMI SS is faultless with no log errors due to the zero stop.

However.......slippage is excessive for this type of trading. I have spoken with IC Markets a number of times regarding excessive slippage. They are fully aware of the problem and the negative effect it has on high speed scalping ea's that place stop entry orders.

Until the slippage problem is addressed and rectified, I cannot recommend IC Markets ECN feed as being suitable for scalping ea's that place stop entry orders.

However.....scalping ea's that place limit and market orders may find this feed more suitable and even experience positive slippage.

Title: Re: IC MARKETS
Post by: HFT Group on June 01, 2012, 08:51:22 AM
IC Markets feed is good quality, spreads are tight and execution times are excellent. On these three  points IC is comparable to Axi Pro. Performance of tick scalpers like MDP, No1 and NMI SS is faultless with no log errors due to the zero stop.

However.......slippage is excessive for this type of trading. I have spoken with IC Markets a number of times regarding excessive slippage. They are fully aware of the problem and the negative effect it has on high speed scalping ea's that place stop entry orders.

Until the slippage problem is addressed and rectified, I cannot recommend IC Markets ECN feed as being suitable for scalping ea's that place stop entry orders.

However.....scalping ea's that place limit and market orders may find this feed more suitable and even experience positive slippage.


I have modified this post due to the fact that it is unfair to judge the IC Markets True ECN feed solely on results from high speed scalping ea's that place stop entry orders.
I will be trialling MDP set up to place market orders with hard trailing S/L and T/P at false to test this theory.
Title: Re: IC MARKETS
Post by: omega-ko on June 19, 2012, 09:00:07 AM
The standard commission charge for the IC Markets 'True ECN' account is currently $7.00 AUD per lot round trip for AUD accounts.

The standard commission charge is $7.00 USD for USD accounts.

For accounts funded in the other major currencies (Gbp, Eur, Yen etc) the standard commission charge is the equivalent of $7.00 AUD in the respective currency.

The commission charge applies to all pairs traded.


The IC Markets offer to forum members is $5.50 AUD (or equivalent) fixed commission charge per lot round trip.

Sorry, but how get this discount of $5.5 per lot?
Title: Re: IC MARKETS
Post by: solap on June 20, 2012, 04:27:58 PM
Now average open slippage 57 for EUR/USD, tooooo high.
Title: Re: IC MARKETS
Post by: omega-ko on June 20, 2012, 07:10:52 PM
Hi,
    The deal offered to forum members by IC Markets was a discounted commission of $5.50 per lot for Forex.
I will enquire as to CFD's on your behalf and advise.
Hi jonpearce,

Can you give me a reference for the discount mentioned above? i'm decide to try work with this broker in spite of its bad known and big slippage written about there

thanks in advance
Title: Re: IC MARKETS
Post by: samtheman on June 21, 2012, 11:49:19 AM
Hi All.

I called IC Markets today as I am interested in their offering. Apparently most of the slippage issues occur around end of day as they don't stop their feed when ALL other brokers do (because they are a True ECN). Over this time there are simply fewer LPs quoting prices hence there is less liquidity in the market, this of course will result in slippage if an EA trades over this time.

I will be conducting some testing in my real account  and will report my findings.

Cheers
Title: Re: IC MARKETS
Post by: bearnakedbull on June 21, 2012, 02:10:08 PM
Hi All.

I called IC Markets today as I am interested in their offering. Apparently most of the slippage issues occur around end of day as they don't stop their feed when ALL other brokers do (because they are a True ECN). Over this time there are simply fewer LPs quoting prices hence there is less liquidity in the market, this of course will result in slippage if an EA trades over this time.

I will be conducting some testing in my real account  and will report my findings.

Cheers
Skip MDP and try SS or No1 if you have them. MDP did so badly this past week and to be worthy of the scrap bin at any broker. Apart from tick scalper it might be just fine anyways. Thanks for any input.
Title: Re: IC MARKETS
Post by: bennyfx on June 21, 2012, 02:17:47 PM
I setup No1 today on my Metatrader 4.

I think it will work well because their spreads are the best of any Metatrader 4 broker. I checked this on fxintel and it is confirmed.
Title: Re: IC MARKETS
Post by: maestro007 on June 21, 2012, 03:08:10 PM
Hi All.

I called IC Markets today as I am interested in their offering. Apparently most of the slippage issues occur around end of day as they don't stop their feed when ALL other brokers do (because they are a True ECN). Over this time there are simply fewer LPs quoting prices hence there is less liquidity in the market, this of course will result in slippage if an EA trades over this time.

I will be conducting some testing in my real account  and will report my findings.

Cheers

If they told you that, then they are not being true..  Jon had an account with them and slip was bad on news spikes and I think normal spikes. 

Spikes at rollover time can cause even worse slippage which I found to my own detriment.. Make sure spike EA's include a rollover shut out period if you don't want to experience further pain.
Title: Re: IC MARKETS
Post by: bennyfx on June 22, 2012, 09:16:30 AM
Slippage on news announcements is normal with any broker that you trade with who is an ECN. Trading with a True ECN broker is much like trading shares, the buyers and sellers in the ECN market place (ie the LPs and other participants) can pull their bids or offers at anytime. Of course if you are a bank and you know that you have an order in the market over a news period of which you did not know the effect of on the currency pair would you leave it in the market or would pull it ?. The obvious thing to do would be to pull the order dont you think?.

As a client of an True ECN broker you can do this also so in no way do the banks have any advantage. True ECNs are the best trading environment that you can have, prices are pure and are a genuine reflection of demand and supply. The more LPs the ECN broker has the tighter the spread, more often than not a True ECN broker will show a ZERO spread.

Anyway my account has been opened for less than a day, once I have some trades under my belt I will let you know how I am going with them.   :)
Title: Re: IC MARKETS
Post by: bearnakedbull on June 22, 2012, 01:14:54 PM
Slippage on news announcements is normal with any broker that you trader who is an ECN. Trading with a True ECN broker is much like trading shares, the buyers and sellers in the ECN market place (ie the LPs and other participants) can pull their bids or offers at anytime. Of course if you are a bank and you know that you have an order in the market over a news period of which you did not know the effect of on the currency pair would you leave it in the market or would pull it ?. The obvious thing to do would be to pull the order dont you think?.

As a client of an True ECN broker you can do this also so in no way do the banks have any advantage. True ECNs are the best trading environment that you can have, prices are pure and are a genuine reflection of demand and supply. The more LPs the ECN broker has the tighter the spread, more often than not a True ECN broker will show a ZERO spread.

Anyway my account has been opened for less than a day, once I have some trades under my belt I will let you know how I am going with them.   :)
Thanks Benny. On the surface it looks like a great broker.
Title: Re: IC MARKETS
Post by: Codebreaker on June 22, 2012, 08:45:51 PM
I think 1000AUD minimum deposit is a drawback for this broker. Due to competition now most of the brokers accept small deposits.
Title: Re: IC MARKETS
Post by: robl45 on June 22, 2012, 11:40:23 PM
i notice this place is on net with CNS and also offers free vps.  what is the commission rate?  I've never been on a site where it is so incredibly difficult to figure out the charges and such.  do they do 200-1 leverage or only 100-1?
Title: Re: IC MARKETS
Post by: HFT Group on June 23, 2012, 12:40:33 AM
There has been continued interest in IC Markets so I feel a fresh post from me is warranted. I have read the new posts in this thread and want to clarify a few things.

There is nothing wrong with IC Markets. Spreads are very tight, execution times are excellent. I related previously the slippage I experienced when trading on IC Markets. As mentioned in some posts this is the sign of a true ECN broker offering raw market feed. I do not and have never disputed or questioned the quality of their feed, it is excellent.

My point is that if I have a choice between 2 brokers that offer comparable spreads, a quality feed and excellent execution times and one of those brokers shows less slippage FOR MY TRADING STYLE, I will go with that broker. Whether they b-book trades is irrelevant to me if I see good results and profits.

I have contacted IC Markets enquiring as to whether the discounted commission charge granted to the HFT Group is still available. If and when I hear back from them I will place a post here clarifying this.

Leverage available is 1:500. I can confirm the minimum deposit is $1K.
Title: Re: IC MARKETS
Post by: bennyfx on June 23, 2012, 02:21:06 AM
I think 1000AUD minimum deposit is a drawback for this broker. Due to competition now most of the brokers accept small deposits.

They opened my account for $200 with 400:1 leverage, this is exactly what it says on their website also.

I also get a rebate back from CashinForex of $2 per $100k traded r/t, making my cost $5. I reckon this is a pretty good deal.

Title: Re: IC MARKETS
Post by: HFT Group on June 23, 2012, 06:24:06 AM
I think 1000AUD minimum deposit is a drawback for this broker. Due to competition now most of the brokers accept small deposits.

They opened my account for $200 with 400:1 leverage, this is exactly what it says on their website also.

I also get a rebate back from CashinForex of $2 per $100k traded r/t, making my cost $5. I reckon this is a pretty good deal.


There you go guys.......sounds a great deal to me  ???
Had a bit of trouble finding CashinForex but they exist.

Here is there "Office" location for those interested.

11 Nagar Haveli, New Delhi, Delhi -1100021, India

Go for it  ;)
Title: Re: IC MARKETS
Post by: robl45 on June 23, 2012, 06:27:35 AM
I think 1000AUD minimum deposit is a drawback for this broker. Due to competition now most of the brokers accept small deposits.

They opened my account for $200 with 400:1 leverage, this is exactly what it says on their website also.

I also get a rebate back from CashinForex of $2 per $100k traded r/t, making my cost $5. I reckon this is a pretty good deal.


There you go guys.......sounds a great deal to me.
Had a bit of trouble finding CashinForex but they exist.

Here is there "Office" location for those interested.

11 Nagar Haveli, New Delhi, Delhi -1100021, India

Go for it  ;)

well the operation is out of the UK.

i'm a little confused on all the reviews i've read that say no slippage or very little for this broker while others are reporting a lot of slippage.
Title: Re: IC MARKETS
Post by: HFT Group on June 23, 2012, 06:34:47 AM
I think 1000AUD minimum deposit is a drawback for this broker. Due to competition now most of the brokers accept small deposits.

They opened my account for $200 with 400:1 leverage, this is exactly what it says on their website also.

I also get a rebate back from CashinForex of $2 per $100k traded r/t, making my cost $5. I reckon this is a pretty good deal.


There you go guys.......sounds a great deal to me.
Had a bit of trouble finding CashinForex but they exist.

Here is there "Office" location for those interested.

11 Nagar Haveli, New Delhi, Delhi -1100021, India

Go for it  ;)

well the operation is out of the UK.

i'm a little confused on all the reviews i've read that say no slippage or very little for this broker while others are reporting a lot of slippage.


Yeah, the operation might be out of the UK but where is the regulation? Looks like the Head Office is in India.
Wonder what sort of financial regulation they have there?

Look, I only relate my trading experiences with the ea's I use.....MDP, NMI SS and NO1 scalper.

Maybe the slippage issue I experienced has improved since then?

Hopefully someone will open an account and post their results with tick scalper ea's.
Title: Re: IC MARKETS
Post by: HFT Group on June 23, 2012, 06:56:26 AM
http://www.myfxbook.com/members/jonpearce/ic-markets-hft-group/297130
Title: Re: IC MARKETS
Post by: robl45 on June 23, 2012, 07:09:17 AM
I think 1000AUD minimum deposit is a drawback for this broker. Due to competition now most of the brokers accept small deposits.

They opened my account for $200 with 400:1 leverage, this is exactly what it says on their website also.

I also get a rebate back from CashinForex of $2 per $100k traded r/t, making my cost $5. I reckon this is a pretty good deal.


There you go guys.......sounds a great deal to me.
Had a bit of trouble finding CashinForex but they exist.

Here is there "Office" location for those interested.

11 Nagar Haveli, New Delhi, Delhi -1100021, India

Go for it  ;)

well the operation is out of the UK.

i'm a little confused on all the reviews i've read that say no slippage or very little for this broker while others are reporting a lot of slippage.


Yeah, the operation might be out of the UK but where is the regulation? Looks like the Head Office is in India.
Wonder what sort of financial regulation they have there?

Look, I only relate my trading experiences with the ea's I use.....MDP, NMI SS and NO1 scalper.

Maybe the slippage issue I experienced has improved since then?

Hopefully someone will open an account and post their results with tick scalper ea's.

i wasn't targeting you specifically.  my experience is there is always slippage at ECN brokers.
Title: Re: IC MARKETS
Post by: HFT Group on June 23, 2012, 07:27:19 AM
I think 1000AUD minimum deposit is a drawback for this broker. Due to competition now most of the brokers accept small deposits.

They opened my account for $200 with 400:1 leverage, this is exactly what it says on their website also.

I also get a rebate back from CashinForex of $2 per $100k traded r/t, making my cost $5. I reckon this is a pretty good deal.


There you go guys.......sounds a great deal to me.
Had a bit of trouble finding CashinForex but they exist.

Here is there "Office" location for those interested.

11 Nagar Haveli, New Delhi, Delhi -1100021, India

Go for it  ;)

well the operation is out of the UK.

i'm a little confused on all the reviews i've read that say no slippage or very little for this broker while others are reporting a lot of slippage.


Yeah, the operation might be out of the UK but where is the regulation? Looks like the Head Office is in India.
Wonder what sort of financial regulation they have there?

Look, I only relate my trading experiences with the ea's I use.....MDP, NMI SS and NO1 scalper.

Maybe the slippage issue I experienced has improved since then?

Hopefully someone will open an account and post their results with tick scalper ea's.

i wasn't targeting you specifically.  my experience is there is always slippage at ECN brokers.


It's fine, I didn't feel targeted at all believe me.
I started this thread and will not post anything without knowing I can back it up. That's why I posted the myfxbook link to my account.

If anyone is really interested in the results I achieved they can examine various trades and form their own opinion.

A true ECN broker will experience slippage on trades for sure. My point is that lower average slippage can be experienced on some brokers as opposed to others.
Given the choice I will go for lower average slippage.

Title: Re: IC MARKETS
Post by: samtheman on June 23, 2012, 11:12:10 AM
http://www.myfxbook.com/members/jonpearce/ic-markets-hft-group/297130

From what I can see you lost most of you money around end-of-day trading on two trades

GBP/USD and EUR/USD

No one in their right mind would leave their EA running over this time of the day, it is quite obvious why you experienced slippage.
Title: Re: IC MARKETS
Post by: lumtrics on June 23, 2012, 01:57:15 PM
I think 1000AUD minimum deposit is a drawback for this broker. Due to competition now most of the brokers accept small deposits.

They opened my account for $200 with 400:1 leverage, this is exactly what it says on their website also.

I also get a rebate back from CashinForex of $2 per $100k traded r/t, making my cost $5. I reckon this is a pretty good deal.


There you go guys.......sounds a great deal to me.
Had a bit of trouble finding CashinForex but they exist.

Here is there "Office" location for those interested.

11 Nagar Haveli, New Delhi, Delhi -1100021, India

Go for it  ;)

well the operation is out of the UK.

i'm a little confused on all the reviews i've read that say no slippage or very little for this broker while others are reporting a lot of slippage.


Yeah, the operation might be out of the UK but where is the regulation? Looks like the Head Office is in India.
Wonder what sort of financial regulation they have there?

Look, I only relate my trading experiences with the ea's I use.....MDP, NMI SS and NO1 scalper.

Maybe the slippage issue I experienced has improved since then?

Hopefully someone will open an account and post their results with tick scalper ea's.

i wasn't targeting you specifically.  my experience is there is always slippage at ECN brokers.


It's fine, I didn't feel targeted at all believe me.
I started this thread and will not post anything without knowing I can back it up. That's why I posted the myfxbook link to my account.

If anyone is really interested in the results I achieved they can examine various trades and form their own opinion.

A true ECN broker will experience slippage on trades for sure. My point is that lower average slippage can be experienced on some brokers as opposed to others.
Given the choice I will go for lower average slippage.

Though I traded with this broker only a week, I like IC Market so far.
When I close position, slippage generates occasionally (0.00002-4 on GBP/USD, EUR/USD), but influence is not problem. One of the worries of mine are IC Markets is partner with eToro(notorious)  8) 
Title: Re: IC MARKETS
Post by: forexfish on June 24, 2012, 12:24:14 AM

Anybody here who run a live account with them and can share his experience with me and other forum members?


Hi Josef,
            I have previously posted ping test, Expat test and  E/U spread test.

My live account is funded and I will be setting it up on my vps with MDP, No1 and hopefully NMI SuperScalper as soon as possible.

I will post a public myfxbook link as soon as everything is up and running.

Regards, Jon.
           

Hi

I noticed you had an account with IC Markets

http://www.myfxbook.com/members/jonpearce/ic-markets-hft-group/297130

How was your experience and it seems you withdraw your funds ?

Title: Re: IC MARKETS
Post by: bearnakedbull on June 24, 2012, 12:29:15 AM

Anybody here who run a live account with them and can share his experience with me and other forum members?


Hi Josef,
            I have previously posted ping test, Expat test and  E/U spread test.

My live account is funded and I will be setting it up on my vps with MDP, No1 and hopefully NMI SuperScalper as soon as possible.

I will post a public myfxbook link as soon as everything is up and running.

Regards, Jon.
           

Hi

I noticed you had an account with IC Markets

http://www.myfxbook.com/members/jonpearce/ic-markets-hft-group/297130

How was your experience and it seems you withdraw your funds ?
Did you read above? He mentioned slippage as being a problem at the time of his using it. Non tick scalpers might be just fine. We need another volunteer here, you can try.
Title: Re: IC MARKETS
Post by: HFT Group on June 24, 2012, 12:33:45 AM
http://www.myfxbook.com/members/jonpearce/ic-markets-hft-group/297130

From what I can see you lost most of you money around end-of-day trading on two trades

GBP/USD and EUR/USD

No one in their right mind would leave their EA running over this time of the day, it is quite obvious why you experienced slippage.


This is just rubbish! I am unaware of anyone turning off tick scalping ea's "at the end of the day" due to concerns of low liquidity or slippage. Kind of defeats the purpose of running them doesn't it?

If you were aware of the S/L of the ea's used on this account you would see some trades closed out at a loss significantly higher than the S/L of the ea.........this is slippage and the whole point of this exercise  ;)
Title: Re: IC MARKETS
Post by: HFT Group on June 24, 2012, 12:41:55 AM
I can only reiterate my previous comments regarding MY PERSONAL EXPERIENCE.

I found slippage in excess of what I feel was acceptable for the tick scalping ea's I use PERSONALLY. It is a great feed for other types of trading with tight spreads, great execution times and a good quality feed.

This is my opinion from my experience. It should be taken for what it is and nothing more or less.
Title: Re: IC MARKETS
Post by: bearnakedbull on June 24, 2012, 12:49:02 AM
In fairness to ICM, Jon did not try it very long at all. I have checked on my Axi Standard account, which is not the best because of being a Standard account, and it lost money during the same time Jon traded at ICM, however my account has been profitable during June when Jon stopped trading ICM and began trading two other brokers. So we are left needing some more experience to pass judgement on this one.
Title: Re: IC MARKETS
Post by: HFT Group on June 24, 2012, 01:04:45 AM
Due dilligance was performed on this broker for a number of weeks before the original offer was made available to members.

Ping tests were done from both Beeks and CNS NY vps's.......all good.

Expat tests were run from both vps providers to check execution times......all good.

A spread monitoring indicator was run on the EU for 2 weeks to monitor highs, lows and average spread......all good.

FX INTEL was monitored for spread comparisons with other major brokers.........all good.

Live trading was started with tick scalping ea's and slippage was monitored..........not so good IN MY PERSONAL OPINION, based on results I was getting elsewhere.

There is no doubt in my mind that apart from my personal opinion regarding slippage they are a good broker.
You might find it acceptable for your trading, it didn't suit mine.

I would be thrilled to hear someone running a live account using tick scalping ea's with good results and acceptable slippage figures. Nothing could possibly make me happier  :)

Title: Re: IC MARKETS
Post by: HFT Group on June 24, 2012, 07:55:45 AM
Due to the interest in IC Markets I have emailed them enquiring as to whether the initial agreement with the HFT Group for a discounted commission charge is still valid and available for interested members.

As soon as I receive a reply I will post it here.

A few things have changed as per Richards post above.

Minimum deposit for the True ECN account is now $200.

1:500 leverage is available on account balances up to $1K.

1:400 leverage is available on account balances from $1K to $20K.
Title: Re: IC MARKETS
Post by: samtheman on June 24, 2012, 10:06:46 AM
http://www.myfxbook.com/members/jonpearce/ic-markets-hft-group/297130

From what I can see you lost most of you money around end-of-day trading on two trades

GBP/USD and EUR/USD

No one in their right mind would leave their EA running over this time of the day, it is quite obvious why you experienced slippage.


This is just rubbish! I am unaware of anyone turning off tick scalping ea's "at the end of the day" due to concerns of low liquidity or slippage. Kind of defeats the purpose of running them doesn't it?

If you were aware of the S/L of the ea's used on this account you would see some trades closed out at a loss significantly higher than the S/L of the ea.........this is slippage and the whole point of this exercise  ;)


This is not rubbish at all, anyone who trades with a real ECN broker will know that spreads widen slightly over end of day. Just look at Fxintel and see how all brokers spread lines spike at this time, some more than others. This is not the broker manipulating spreads it is simply the fact that fewer LPs price during this time frame. I have seen this last as little as 10 seconds and long as 1 hour with some brokers, the reason for this is because the LPs dont all come back on-line at the same time.

EAs are not human and dont know about end of day unless you tell them.
Title: Re: IC MARKETS
Post by: HFT Group on June 24, 2012, 10:28:04 AM
http://www.myfxbook.com/members/jonpearce/ic-markets-hft-group/297130

From what I can see you lost most of you money around end-of-day trading on two trades

GBP/USD and EUR/USD

No one in their right mind would leave their EA running over this time of the day, it is quite obvious why you experienced slippage.


This is just rubbish! I am unaware of anyone turning off tick scalping ea's "at the end of the day" due to concerns of low liquidity or slippage. Kind of defeats the purpose of running them doesn't it?

If you were aware of the S/L of the ea's used on this account you would see some trades closed out at a loss significantly higher than the S/L of the ea.........this is slippage and the whole point of this exercise  ;)


This is not rubbish at all, anyone who trades with a real ECN broker will know that spreads widen slightly over end of day. Just look at Fxintel and see how all brokers spread lines spike at this time, some more than others. This is not the broker manipulating spreads it is simply the fact that fewer LPs price during this time frame. I have seen this last as little as 10 seconds and long as 1 hour with some brokers, the reason for this is because the LPs dont all come back on-line at the same time.

EAs are not human and dont know about end of day unless you tell them.

I take off my hat to you Sir, you are obviously way more experienced in the use of tick scalping ea's and the times that they should be used than myself.

As a matter of interest.......could anyone else that turns off their tick scalping ea's at particular times please post so I may learn more about this aspect of trading tick scalpers that I was unaware of. Thankyou in advance.
Title: Re: IC MARKETS
Post by: HFT Group on June 24, 2012, 11:09:27 AM
Getting back on topic here.........

I have had a reply from IC Markets regarding the original agreement with the HFT Group for a discounted commission charge. It seems that the offer is still valid. I am awaiting clarification on a few points and will post once these points have been clarified and the offer is once again available to those interested.
Title: Re: IC MARKETS
Post by: maestro007 on June 24, 2012, 12:26:00 PM
http://www.myfxbook.com/members/jonpearce/ic-markets-hft-group/297130

From what I can see you lost most of you money around end-of-day trading on two trades

GBP/USD and EUR/USD

No one in their right mind would leave their EA running over this time of the day, it is quite obvious why you experienced slippage.



This is just rubbish! I am unaware of anyone turning off tick scalping ea's "at the end of the day" due to concerns of low liquidity or slippage. Kind of defeats the purpose of running them doesn't it?

If you were aware of the S/L of the ea's used on this account you would see some trades closed out at a loss significantly higher than the S/L of the ea.........this is slippage and the whole point of this exercise  ;)


This is not rubbish at all, anyone who trades with a real ECN broker will know that spreads widen slightly over end of day. Just look at Fxintel and see how all brokers spread lines spike at this time, some more than others. This is not the broker manipulating spreads it is simply the fact that fewer LPs price during this time frame. I have seen this last as little as 10 seconds and long as 1 hour with some brokers, the reason for this is because the LPs dont all come back on-line at the same time.

EAs are not human and dont know about end of day unless you tell them.

Sam do you work for ICM or benefit from them in anyway?

I found your comment regarding most losses occurred on GU/EU at end of the day strange as I didn't remember this being the case on Jon's account.   I have double checked and cannot see any trades that occurred at Roll-over time which you indicate (10pm for ICM).

Also most good tick scalpers have a spread filter, so if liquidity dries up at roll-over, spreads should widen thus disabling tick scalpers.. If spreads are still tight, then I can only assume that liquidity is still in full flow, so slippage should not be excessive..  Maybe my understanding is flawed on how liquidity affects the spread?

So considering slippage on Jons account was not obviously caused by trading at the end of the day what else have you got to explain some of what we consider excessive slippage.

No one is saying that ICM is a bad broker (I am still using them myself personally, to test further), just that the slippage seems excessive in comparison to other brokers..
Title: Re: IC MARKETS
Post by: samtheman on June 24, 2012, 01:28:21 PM
I personally have experienced this issue before, once with LMAX and once with MBT, both ECN brokers.

Correct me if I am wrong but the two large looses on the account in question occurred about one hour after end of day.

Based on my past experience EA filters are rubbish because they have no way of telling true market depth (liquidity) so the only way to stop this is have the EA not trade over this period. Most of the time I do not use off the shelf EAs (although I am trying out two at the moment) and It is possible to code in functionality that turns the EA on and off.

I am happy to show anyone who is interested how to do this or introduce them to my programming team. Just PM me, always happy to help.

BTW - no I dont work for this company, I am actually a programmer.
Title: Re: IC MARKETS
Post by: HFT Group on June 24, 2012, 01:43:15 PM
These ea's use volatility based strategies and are intended to work around high impact news announcements and high market volatility. If you are not aware of the way they work your comments are understandable but not relevant or valid.

There are threads in this forum for these ea's.
You may wish to peruse the Million Dollar Pips thread, the Number One scalper ea thread and the NMI Super Scalper thread to gain a better insight into the workings and strategies of these ea's.

Also, this subject is off topic for this thread and should be discussed in the appropriate threads as mentioned above.
Title: Re: IC MARKETS
Post by: maestro007 on June 24, 2012, 01:49:13 PM
I personally have experienced this issue before, once with LMAX and once with MBT, both ECN brokers.

Correct me if I am wrong but the two large looses on the account in question occurred about one hour after end of day.

Based on my past experience EA filters are rubbish because they have no way of telling true market depth (liquidity) so the only way to stop this is have the EA not trade over this period. Most of the time I do not use off the shelf EAs (although I am trying out two at the moment) and It is possible to code in functionality that turns the EA on and off.

I am happy to show anyone who is interested how to do this or introduce them to my programming team. Just PM me, always happy to help.

BTW - no I dont work for this company, I am actually a programmer.

Not sure what you are looking at.. But large losses and slippage are two separate things.  I can only see 1 large loss occurring after 10pm but this is a normal loss and not large slippage which is being discussed.  If I am correct you are looking at the SL of 50pips, but this the actual SL of the EA (amerobot).

We are more concerned with EAs which have SL between 2 and 5 pips, and having the SL continually slipped by more then 1 pip hitting 3-5 pips slippage..  You cannot see this by sorting the losses by the pips won or lost, you have to compare the SL to the close price to see the slippage.  Think I will ask myfxbook to make this a field that calculates automatically.

If I am missing the trades you are talking about please feel free to quote the date and time you are talking about..

It is all good brokers having good execution and spreads, but if you generally have SL slipped by 1 pip or more each time then you may as well have a broker with worse spread and execution but only gives slippage of 1 plus occasionally.
Title: Re: IC MARKETS
Post by: robl45 on June 24, 2012, 02:59:00 PM
Due to the interest in IC Markets I have emailed them enquiring as to whether the initial agreement with the HFT Group for a discounted commission charge is still valid and available for interested members.

As soon as I receive a reply I will post it here.

A few things have changed as per Richards post above.

Minimum deposit for the True ECN account is now $200.

1:500 leverage is available on account balances up to $1K.

1:400 leverage is available on account balances from $1K to $20K.

so does this mean you can't have over 1:100 with over 20K?
Title: Re: IC MARKETS
Post by: megabuck on June 24, 2012, 03:58:16 PM
You can get 1:500 over $20k, but depends on your trading style or EA.  I was allowed as long as I ran the one EA.  I was testing another EA and got a reminder not to stray.
Title: Re: IC MARKETS
Post by: HFT Group on June 24, 2012, 08:55:53 PM
The original agreement was for 1:500 leverage through the HFT Group agreement. A few of the conditions have changed since the original offer was made, eg, minimum deposit is now $200.

I will clarify all the conditions once a few points are clarified by IC Markets.
Title: Re: IC MARKETS
Post by: bennyfx on June 26, 2012, 01:17:24 AM
My EA's are all setup and working 100% now on my CNS VPS which IC Markets is on-net with.

I will keep everyone posted as to my progress.
Title: Re: IC MARKETS
Post by: bearnakedbull on June 26, 2012, 01:22:25 AM
My EA's are all setup and working 100% now on my CNS VPS which IC Markets is on-net with.

I will keep everyone posted as to my progress.
Thanks Benny.
Title: Re: IC MARKETS
Post by: samtheman on June 26, 2012, 01:15:02 PM
I spoke to IC Markets today about getting access to their API which apparently has prices and market depth. They said it was possible. This would be useful as I would be able to read the volumes on the bid and offer prior to triggering and order, in theory this means slippage could be eliminated altogether. I could then build a "read depth" function (check box style) into my EA resulting an EA specifically designed for ECN brokers.
Title: Re: IC MARKETS
Post by: robl45 on June 26, 2012, 01:34:11 PM
I spoke to IC Markets today about getting access to their API which apparently has prices and market depth. They said it was possible. This would be useful as I would be able to read the volumes on the bid and offer prior to triggering and order, in theory this means slippage could be eliminated altogether. I could then build a "read depth" function (check box style) into my EA resulting an EA specifically designed for ECN brokers.

but you are assuming the prices won't change before your order gets through. I've been monitoring this feed and the prices can change instantly.
Title: Re: IC MARKETS
Post by: samtheman on June 27, 2012, 01:27:44 AM
I spoke to IC Markets today about getting access to their API which apparently has prices and market depth. They said it was possible. This would be useful as I would be able to read the volumes on the bid and offer prior to triggering and order, in theory this means slippage could be eliminated altogether. I could then build a "read depth" function (check box style) into my EA resulting an EA specifically designed for ECN brokers.

but you are assuming the prices won't change before your order gets through. I've been monitoring this feed and the prices can change instantly.

Of course prices can change instantly, this is all part of trading the most liquid market in the world. All it comes down to is processing power of your hardware and latency of your internet connection. Anything is possible it all comes down to how much time you want to spend on the project and how much of a perfectionist you are. 

When is comes to trading there is no second chance.
Title: Re: IC MARKETS
Post by: bennyfx on June 27, 2012, 01:59:50 PM
Thanks Sam

I will consider all of this when building my next EA.
Title: Re: IC MARKETS
Post by: robl45 on June 27, 2012, 02:54:57 PM
can someone with a live account compare the feed between live and demo, they should be exactly the same, but some brokers play tricks.
Title: Re: IC MARKETS
Post by: bennyfx on June 28, 2012, 12:02:14 AM
According to my spread monitor both demo and live pricing appear to be identical.
Title: Re: IC MARKETS
Post by: omega-ko on June 28, 2012, 07:08:29 AM
According to my spread monitor both demo and live pricing appear to be identical.
Hi,
I've asked they to give me real account (without funding) to compare live and demo feeds a week ago. IC Markets answer:
"3. We don't send live account details until funds arrive, however the
feeds are the same. The live account does receive more ticks though."
Many brockers said me that in demo less LP offers.
Title: Re: IC MARKETS
Post by: samtheman on June 28, 2012, 02:12:47 PM
According to my spread monitor both demo and live pricing appear to be identical.
Hi,
I've asked they to give me real account (without funding) to compare live and demo feeds a week ago. IC Markets answer:
"3. We don't send live account details until funds arrive, however the
feeds are the same. The live account does receive more ticks though."
Many brockers said me that in demo less LP offers.

I have analysed this comment relating to tick data and after evaluating both live and demo feeds this makes no difference to the average spreads on any pairs I have been looking at on both demo and live, both are the same.

I will however be conducting ongoing analysis.
Title: Re: IC MARKETS
Post by: robl45 on June 28, 2012, 02:15:22 PM
According to my spread monitor both demo and live pricing appear to be identical.
Hi,
I've asked they to give me real account (without funding) to compare live and demo feeds a week ago. IC Markets answer:
"3. We don't send live account details until funds arrive, however the
feeds are the same. The live account does receive more ticks though."
Many brockers said me that in demo less LP offers.

I have analysed this comment relating to tick data and after evaluating both live and demo feeds this makes no difference to the average spreads on any pairs I have been looking at on both demo and live, both are the same.

I will however be conducting ongoing analysis.

well tradersway demo compared to this demo, fxpig, etc receives at least double or triple the ticks. and prices move quickly.  on the ICmarkets demo, suprisingly, the prices stay pretty stable.  While the spreads may stay the same, i'm betting on live the prices move much faster and will increase the chances of slippage as compared to the demo.
Title: Re: IC MARKETS
Post by: samtheman on June 28, 2012, 02:18:54 PM
According to my spread monitor both demo and live pricing appear to be identical.
Hi,
I've asked they to give me real account (without funding) to compare live and demo feeds a week ago. IC Markets answer:
"3. We don't send live account details until funds arrive, however the
feeds are the same. The live account does receive more ticks though."
Many brockers said me that in demo less LP offers.

I have analysed this comment relating to tick data and after evaluating both live and demo feeds this makes no difference to the average spreads on any pairs I have been looking at on both demo and live, both are the same.

I will however be conducting ongoing analysis.

well tradersway demo compared to this demo, fxpig, etc receives at least double or triple the ticks. and prices move quickly.  on the ICmarkets demo, suprisingly, the prices stay pretty stable.  While the spreads may stay the same, i'm betting on live the prices move much faster and will increase the chances of slippage as compared to the demo.


Why dont you conduct some analysis also then?
Title: Re: IC MARKETS
Post by: bearnakedbull on June 28, 2012, 02:21:57 PM
Where are the results from the scalpers last night. We know money was made at Axi and Armada but what about ICM?
Title: Re: IC MARKETS
Post by: robl45 on June 28, 2012, 02:38:32 PM
According to my spread monitor both demo and live pricing appear to be identical.
Hi,
I've asked they to give me real account (without funding) to compare live and demo feeds a week ago. IC Markets answer:
"3. We don't send live account details until funds arrive, however the
feeds are the same. The live account does receive more ticks though."
Many brockers said me that in demo less LP offers.

I have analysed this comment relating to tick data and after evaluating both live and demo feeds this makes no difference to the average spreads on any pairs I have been looking at on both demo and live, both are the same.

I will however be conducting ongoing analysis.

well tradersway demo compared to this demo, fxpig, etc receives at least double or triple the ticks. and prices move quickly.  on the ICmarkets demo, suprisingly, the prices stay pretty stable.  While the spreads may stay the same, i'm betting on live the prices move much faster and will increase the chances of slippage as compared to the demo.


Why dont you conduct some analysis also then?

what do you call what I posted?  i've been analysing and comparing 5 different brokers for the past 2 days on spread, and degree that they hold the spread consistent. i don't have a live account so I can't compare to live.
Title: Re: IC MARKETS
Post by: CADENCETRADER on June 29, 2012, 08:20:09 AM
I opened a live account today. I am getting a good $2 rebate from forextown. I had a look at quite a few brokers and found that these guys had consistently the lowest spreads on the EUR/USD which is primarily what I trade and the execution time for my testing has been really good so far!
Title: Re: IC MARKETS
Post by: flatour on June 29, 2012, 11:30:24 AM
Hello, I may go to IC Market and I'm looking for any feedback

What I heard is they are not good for scalpers, as there is slippage and or slow exec time?

But for the rest?

Best cashback is 2usd per lot?

Is it about the same axitrader?

Any feedback appreciated
Thanks
Title: Re: IC MARKETS
Post by: robl45 on June 29, 2012, 12:09:16 PM
did anyone have orderexecution problems at 11pm EST last night when the euro news hit?
Title: Re: IC MARKETS
Post by: HFT Group on June 29, 2012, 12:30:55 PM
HFT Group agreement is still valid for a discounted commission of $5.50 per lot.

Waiting for one last piece of info from IC Markets and will post again when the link is available, hopefully over the weekend.

Complete details will be posted here.
Title: Re: IC MARKETS
Post by: bennyfx on June 29, 2012, 02:31:51 PM
Hello, I may go to IC Market and I'm looking for any feedback

What I heard is they are not good for scalpers, as there is slippage and or slow exec time?

But for the rest?

Best cashback is 2usd per lot?

Is it about the same axitrader?

Any feedback appreciated
Thanks

Personally I have not had any real slippage issues that are out of the norm for ECN broker nor have I had any issues with execution time.

From what I have seen it appears that rebates of up to $2 can be achieved from a company in India however I see that forum members are offering a $1.5 discount.

As for comparing them to Axitrader I really cant say, however again from what I have read and seen on fxintel IC Markets spreads are better. I think both are pretty similar but the main difference is that IC Markets do not have a 2 pip stop distance.

On top of all this their service is really good.
Title: Re: IC MARKETS
Post by: bearnakedbull on June 29, 2012, 04:55:11 PM
And who is able to share some results today? All the tick scalpers were firing like mad today. Most accessible accounts showed No1 to be the superior performer today with SS failing terribly. MDP was fast execution on Armada with a few pips slippage for me and had a winning basket later in the session but a losing basket earlier for an overall loss.
Title: Re: IC MARKETS
Post by: HFT Group on June 30, 2012, 03:31:36 AM
IC Markets offer a number of benefits not offered by other popular regulated Australian brokers.

IC Markets will be working to provide the best possible feed for the popular tick scalping ea's used by forum members.

The quality of the IC Markets True ECN feed has never been in doubt, it is excellent. Execution times from both Beeks NY4 and CNS NY are excellent.

Slippage has been what you would expect from an STP/ECN broker and comparable to Armada as an example. This may reduce as IC Markets trial different feeds to find the one most suited to clients requirements.

As soon as IC markets finalize the details of the HFT Group commission discount available to all forum members, I will open a new account trading NMI SS exclusively and make the results public for all interested in monitoring performance.

IC Markets True ECN and the Axi Pro ECN account have similarities in execution speeds and spreads but they are different feeds from two different brokers. Both have their strong points in different aspects of the trading conditions provided to traders.

I hope to post full details of the trading conditions and features offered by IC Markets on their True ECN feed shortly.
Title: Re: IC MARKETS
Post by: flatour on June 30, 2012, 05:54:51 AM
Jon, would you recommend Axi or ICM?

This would be NOT for scalping, just better spread (incl rebate), lowest commission, good customer service, ect

Thanks
Title: Re: IC MARKETS
Post by: HFT Group on June 30, 2012, 08:49:34 AM
For non-scalping trading I know someone trading on IC Markets who is happy with their results. IC spreads are a little tighter on EU, haven't done an in depth comparison on other major pairs but would guess similar spreads with both (similar does not mean exactly the same).

Commissions/rebates through the HFT Group agreements are the same, $1.50 rebate from Axi and $1.50 commission discount through ICM.

Both ICM and Axi have attended to my enquiries reasonably promptly so I would say they are both pretty much the same in that respect.
Title: Re: IC MARKETS
Post by: omega-ko on June 30, 2012, 10:24:41 AM
IC Markets True ECN and the Axi Pro ECN account have similarities in execution speeds and spreads but they are different feeds from two different brokers. Both have their strong points in different aspects of the trading conditions provided to traders.

Hi,

Sorry, but I think ICM spreads to be better than Axi Pro (if compare from fxintel.com, IMHO). I'd like to know for a time ago, why can spreads be different  when brokers use the same ECN (i.e. Integral)? If they do not modify flow of rates seems to be common. Sorry for newbie questions:)
Title: Re: IC MARKETS
Post by: Kevin @ FXPIG on June 30, 2012, 07:49:18 PM
Integral is a tech provider not a liquidity provider. They provide aggregation tools. Two brokers can use Integral and broker A can pipe in 4 banks and 2 prime broker feeds and broker B can pipe in just 3 banks. In the end Integral is the back end processing API behind MT4 or whatever platform they use but the liquidity can be completely different.

Not only that but 2 brokers can use the exact same LPs but due to the different trade flows, volumes, tier value, the two feeds can be very different including differ spreads, different commission levels and varying levels of top of book liquidity.

Cheers,
Title: Re: IC MARKETS
Post by: HFT Group on July 01, 2012, 12:02:10 AM
Thank you for your detailed explanation Kevin.

@omega-ko

I have mentioned in previous posts that the spread on EU with IC Markets is very tight and competitive. You can find results from spread tests on the EU in earlier posts.

When I say that spreads are 'similar' I mean that on both brokers the spreads on majors are tight and competitive, not identical.

As Kevin explained, just because both brokers use Integral it does not mean they use the same LP's. Both feeds have strong points but are different. Tighter spreads on ICM, deep liquidity on Axi Pro with very competitive spreads.
Title: Re: IC MARKETS
Post by: crazycat on July 01, 2012, 04:28:24 AM
Integral is a tech provider not a liquidity provider. They provide aggregation tools. Two brokers can use Integral and broker A can pipe in 4 banks and 2 prime broker feeds and broker B can pipe in just 3 banks. In the end Integral is the back end processing API behind MT4 or whatever platform they use but the liquidity can be completely different.

Not only that but 2 brokers can use the exact same LPs but due to the different trade flows, volumes, tier value, the two feeds can be very different including differ spreads, different commission levels and varying levels of top of book liquidity.

Cheers,

Ultimately It comes down to the relationship that the broker has with the LPs pricing them on Integral. Obviously the more volume the broker gives their LPs the better the relationship, this also means tighter spreads.

So if you compare two brokers using integral and one has better spreads than the other it would be safe to say that the broker with the tighter spreads is likely keeping their LPs very very very happy by giving them more trade flow, ie paying them more !

Some brokers don't pass the pricing benefits they get from LPs onto their customer but instead they widen the spread in integral on at the MT4 bridge level. It is very easy to tell which brokers are doing this as their spreads will never be Zero pips but will instead have a low of 0.1 or 0.2 pips.

Any broker using Integral that is keeping their LPs happy by sending them allot of volume should have spreads that touch Zero pips on a regular basis. If this does not occur it would be safe to say that either they are not giving their LPs decent volume or they are widening the spread within Integral or at the bridge level. The best way pair to look at if you want to test this yourself is EUR/USD as it is the most liquid and competitive pair.
Title: Re: IC MARKETS
Post by: robl45 on July 01, 2012, 06:42:11 AM
Integral is a tech provider not a liquidity provider. They provide aggregation tools. Two brokers can use Integral and broker A can pipe in 4 banks and 2 prime broker feeds and broker B can pipe in just 3 banks. In the end Integral is the back end processing API behind MT4 or whatever platform they use but the liquidity can be completely different.

Not only that but 2 brokers can use the exact same LPs but due to the different trade flows, volumes, tier value, the two feeds can be very different including differ spreads, different commission levels and varying levels of top of book liquidity.

Cheers,

Ultimately It comes down to the relationship that the broker has with the LPs pricing them on Integral. Obviously the more volume the broker gives their LPs the better the relationship, this also means tighter spreads.

So if you compare two brokers using integral and one has better spreads than the other it would be safe to say that the broker with the tighter spreads is likely keeping their LPs very very very happy by giving them more trade flow, ie paying them more !

Some brokers don't pass the pricing benefits they get from LPs onto their customer but instead they widen the spread in integral on at the MT4 bridge level. It is very easy to tell which brokers are doing this as their spreads will never be Zero pips but will instead have a low of 0.1 or 0.2 pips.

Any broker using Integral that is keeping their LPs happy by sending them allot of volume should have spreads that touch Zero pips on a regular basis. If this does not occur it would be safe to say that either they are not giving their LPs decent volume or they are widening the spread within Integral or at the bridge level. The best way pair to look at if you want to test this yourself is EUR/USD as it is the most liquid and competitive pair.

not really true on the spreads.  fxpig is pretty much .1 for the low and the only one i've seen consistently have zero spreads is IC markets, and i've looked at many many brokers.  I do agree that many limit the bottom to .2 or .3
Title: Re: IC MARKETS
Post by: robl45 on July 01, 2012, 06:43:23 AM
speaking of liquidity, i notice that IC markets using their depth tool has around 20 million on the bid and ask on eurusd.  That seems kind of light to me, is that normal?  that pretty much what lmax has on each side and there is no way you could hit big lots on lmax.
Title: Re: IC MARKETS
Post by: crazycat on July 01, 2012, 09:16:19 AM
Integral is a tech provider not a liquidity provider. They provide aggregation tools. Two brokers can use Integral and broker A can pipe in 4 banks and 2 prime broker feeds and broker B can pipe in just 3 banks. In the end Integral is the back end processing API behind MT4 or whatever platform they use but the liquidity can be completely different.

Not only that but 2 brokers can use the exact same LPs but due to the different trade flows, volumes, tier value, the two feeds can be very different including differ spreads, different commission levels and varying levels of top of book liquidity.

Cheers,

Ultimately It comes down to the relationship that the broker has with the LPs pricing them on Integral. Obviously the more volume the broker gives their LPs the better the relationship, this also means tighter spreads.

So if you compare two brokers using integral and one has better spreads than the other it would be safe to say that the broker with the tighter spreads is likely keeping their LPs very very very happy by giving them more trade flow, ie paying them more !

Some brokers don't pass the pricing benefits they get from LPs onto their customer but instead they widen the spread in integral on at the MT4 bridge level. It is very easy to tell which brokers are doing this as their spreads will never be Zero pips but will instead have a low of 0.1 or 0.2 pips.

Any broker using Integral that is keeping their LPs happy by sending them allot of volume should have spreads that touch Zero pips on a regular basis. If this does not occur it would be safe to say that either they are not giving their LPs decent volume or they are widening the spread within Integral or at the bridge level. The best way pair to look at if you want to test this yourself is EUR/USD as it is the most liquid and competitive pair.

not really true on the spreads.  fxpig is pretty much .1 for the low and the only one i've seen consistently have zero spreads is IC markets, and i've looked at many many brokers.  I do agree that many limit the bottom to .2 or .3

Why do they only go down to 0.1?

If they use integral they should be able to get to zero. Perhaps they limiting their minimum spread to 0.1 or they do not have very many LPs.
Title: Re: IC MARKETS
Post by: Kevin @ FXPIG on July 01, 2012, 10:01:31 AM
20 million at what time of day? And on the 2nd and third tiers was their significantly more liquidity? if so what was the gap between tiers?

Also you need to realize that that tier can be refreshed as well, not to mention it does not include standing orders in the book from other ECN participants (assuming they are a true ECN).

Cheers,
Title: Re: IC MARKETS
Post by: bennyfx on July 01, 2012, 11:32:07 AM
Great information Kevin thank you !

I will monitor the liquidity tiers tomorrow on my live account.

Of course one would only expect that liquidity will better during the UK and US sessions.
Title: Re: IC MARKETS
Post by: omega-ko on July 01, 2012, 11:57:33 AM
Integral is a tech provider not a liquidity provider. They provide aggregation tools. Two brokers can use Integral and broker A can pipe in 4 banks and 2 prime broker feeds and broker B can pipe in just 3 banks. In the end Integral is the back end processing API behind MT4 or whatever platform they use but the liquidity can be completely different.

Not only that but 2 brokers can use the exact same LPs but due to the different trade flows, volumes, tier value, the two feeds can be very different including differ spreads, different commission levels and varying levels of top of book liquidity.

Cheers,

Thank you.
Title: Re: IC MARKETS
Post by: robl45 on July 01, 2012, 03:20:01 PM
20 million at what time of day? And on the 2nd and third tiers was their significantly more liquidity? if so what was the gap between tiers?

Also you need to realize that that tier can be refreshed as well, not to mention it does not include standing orders in the book from other ECN participants (assuming they are a true ECN).

Cheers,


they show like 6-8 levels on each side.  20 million is the combined per side so 20 million on the ask, 20 million on the bid.  thats pretty much at all times.  maybe 5 million plus or minus depending on the time of day.
Title: Re: IC MARKETS
Post by: omega-ko on July 01, 2012, 05:08:39 PM
20 million at what time of day? And on the 2nd and third tiers was their significantly more liquidity? if so what was the gap between tiers?

Also you need to realize that that tier can be refreshed as well, not to mention it does not include standing orders in the book from other ECN participants (assuming they are a true ECN).

Cheers,


they show like 6-8 levels on each side.  20 million is the combined per side so 20 million on the ask, 20 million on the bid.  thats pretty much at all times.  maybe 5 million plus or minus depending on the time of day.


Yes, I can confirm that on my real account - ICM shows 5 levels from each side of 20 million +/-10 million during a day with their trade/mini terminal.
Title: Re: IC MARKETS
Post by: omega-ko on July 01, 2012, 09:00:57 PM
Integral is a tech provider not a liquidity provider. They provide aggregation tools. Two brokers can use Integral and broker A can pipe in 4 banks and 2 prime broker feeds and broker B can pipe in just 3 banks. In the end Integral is the back end processing API behind MT4 or whatever platform they use but the liquidity can be completely different.

Not only that but 2 brokers can use the exact same LPs but due to the different trade flows, volumes, tier value, the two feeds can be very different including differ spreads, different commission levels and varying levels of top of book liquidity.

Cheers,

Sorry for delayed question, flowed out of your answer, what are the difference and value of ECN providers (such as Integral, Currenex, FXAll and so on) then?
Title: Re: IC MARKETS
Post by: bennyfx on July 02, 2012, 06:50:12 AM
Mine is showing the same.

This would be plenty of liquidity for most people as it is equivalent to 200 standard lots in any given trade. To put this into perspective I do not trade more than 1 lot in any single trade at any given time.
 
 
Title: Re: IC MARKETS
Post by: Kevin @ FXPIG on July 02, 2012, 08:31:46 AM
20 million over 0.5 to 1 pip in Asia is normal for a retail broker, but in NY and London that should balloon by 2 to 5x depending on the size of the operation.

For manual traders trading under 100 lots this is not a huge issue but when an EA is used and fires off 1000 trades at virtually the same price that liquidity is eaten up rather quickly.

Cheers,

Title: Re: IC MARKETS
Post by: HFT Group on July 02, 2012, 11:42:10 AM
Having received the final information required, I am able to provide details of the IC Markets True ECN account and offer the discounted commission charge agreement secured by the HFT Group, to all forum members.


IC Markets 'True ECN' account.

Regulation: ASIC (Australia) fully regulated 'Grade A' broker.

Feed: Integral. STP/ECN.  Raw spread plus commission.

Sever location: NY4

Minimum deposit: $200AUD or equivalent.

Leverage: 500:1 up to $1K, 400:1 $1K to $20K, 300:1                          $20K to $50K

Minimum lot size: 0.01 lots  (yes, 0.01 lots).

Stop level: Zero pips.

Account currencies: AUD & USD. Future deposits in other currencies possible based on demand.

US residents with IBC are accepted.

Free VPS: CNS Value Edition vps available for accounts trading over 20 lots r/t per month. No minimum account balance.

Commission charge: $5.50 per 1 lot round turn.
This is a discount of $1.50 off the standard $7.00 commission charge.

Existing non-IB accounts are eligible for the reduced commission charge.
Please contact IC Markets quoting your existing non-IB account number together with a request to be placed under the 'HFT Group agreement'.

Please contact me for access to the HFT Group discounted commission agreement for the IC Markets 'True ECN' account.

I have applied for an account and will provide a public myfxbook  running NMI SS at default, with both conservative and non-conservative settings, ASAP.

An invitation will be extended to a representative of IC Markets to provide additional information and answer questions from forum members.

Title: Re: IC MARKETS
Post by: Young on July 02, 2012, 01:03:28 PM
Having received the final information required, I am able to provide details of the IC Markets True ECN account and offer the discounted commission charge agreement secured by the HFT Group, to all forum members.


IC Markets 'True ECN' account.

Regulation: ASIC (Australia) fully regulated 'Grade A' broker.

Feed: Integral. STP/ECN.  Raw spread plus commission.

Sever location: NY4

Minimum deposit: $200AUD or equivalent.

Leverage: 500:1 up to $1K, 400:1 $1K to $20K, 300:1                          $20K to $50K

Minimum lot size: 0.01 lots  (yes, 0.01 lots).

Stop level: Zero pips.

Account currencies: AUD & USD. Future deposits in other currencies possible based on demand.

US residents with IBC are accepted.

Free VPS: CNS Value Edition vps available for accounts trading over 20 lots r/t per month. No minimum account balance.

Commission charge: $5.50 per 1 lot round turn.
This is a discount of $1.50 off the standard $7.00 commission charge.

Existing non-IB accounts are eligible for the reduced commission charge.
Please contact IC Markets quoting your existing non-IB account number together with a request to be placed under the 'HFT Group agreement'.

Please contact me for access to the HFT Group discounted commission agreement for the IC Markets 'True ECN' account.

I have applied for an account and will provide a public myfxbook  running NMI SS at default, with both conservative and non-conservative settings, ASAP.

An invitation will be extended to a representative of IC Markets to provide additional information and answer questions from forum members.



Looks nice.
As I understand it is pretty much good for scalpers, is that right? Has anyone had an experience of running scalpers with IC markets?
Title: Re: IC MARKETS
Post by: bennyfx on July 02, 2012, 01:47:09 PM
I have been running a discretionary scalping strategy and a few EAs with good results.

I have not been with them for that long but so far so good  :D
Title: Re: IC MARKETS
Post by: bearnakedbull on July 03, 2012, 02:46:08 PM
Question for you Kevin. I know you have talked about this very question on one the topics that you frequent so forgive me for not going back through them and trying to find it again but the question is this, "do tight spreads automatically imply good liquidity and does good liquidity automatically imply low slippage?" Thanks.
Title: Re: IC MARKETS
Post by: Kevin @ FXPIG on July 04, 2012, 01:54:14 AM
Question for you Kevin. I know you have talked about this very question on one the topics that you frequent so forgive me for not going back through them and trying to find it again but the question is this, "do tight spreads automatically imply good liquidity and does good liquidity automatically imply low slippage?" Thanks.

No on both counts.

Tight spreads are normally given on small tier sizes, the larger tier, normally the wider the spread. This is why aggregation is so important in FX.

Good liquidity can certainly help in lowering slippage caused by large single tickets needing to 'sweep the book' to get filled or when a lot of single tickets hit the same price point, however it does nothing to stop latency related slippage or slippage caused when a spike has pricing gaps.

Cheers,
Title: Re: IC MARKETS
Post by: Young on July 04, 2012, 08:49:58 AM
Excuse me for a possibly stupid question. Are FxPig and IC Markets related? Thanks.
Title: Re: IC MARKETS
Post by: Kevin @ FXPIG on July 04, 2012, 09:00:07 AM
No we are not. I was just here answering some general FX related questions....

I am not trying to step on anyone's toes but it is beneficial to all brokers and all traders when these type of questions are answered...

Cheers,
Title: Re: IC MARKETS
Post by: trader578 on July 04, 2012, 09:12:19 AM
Having received the final information required, I am able to provide details of the IC Markets True ECN account and offer the discounted commission charge agreement secured by the HFT Group, to all forum members.


IC Markets 'True ECN' account.

Regulation: ASIC (Australia) fully regulated 'Grade A' broker.

Feed: Integral. STP/ECN.  Raw spread plus commission.

Sever location: NY4

Minimum deposit: $200AUD or equivalent.

Leverage: 500:1 up to $1K, 400:1 $1K to $20K, 300:1                          $20K to $50K

Minimum lot size: 0.01 lots  (yes, 0.01 lots).

Stop level: Zero pips.

Account currencies: AUD & USD. Future deposits in other currencies possible based on demand.

US residents with IBC are accepted.

Free VPS: CNS Value Edition vps available for accounts trading over 20 lots r/t per month. No minimum account balance.

Commission charge: $5.50 per 1 lot round turn.
This is a discount of $1.50 off the standard $7.00 commission charge.

Existing non-IB accounts are eligible for the reduced commission charge.
Please contact IC Markets quoting your existing non-IB account number together with a request to be placed under the 'HFT Group agreement'.

Please contact me for access to the HFT Group discounted commission agreement for the IC Markets 'True ECN' account.

I have applied for an account and will provide a public myfxbook  running NMI SS at default, with both conservative and non-conservative settings, ASAP.

An invitation will be extended to a representative of IC Markets to provide additional information and answer questions from forum members.
I am not affiliated... I just think the following is a better IB for those that are interested.  They offer 2$ per Standard lots (instead of the $1.50 above).

http://www.cashinforex.com/cashinforex/icmarkets.html

Cheers   ;)
Title: Re: IC MARKETS
Post by: Young on July 04, 2012, 09:23:52 AM
No we are not. I was just here answering some general FX related questions....

I am not trying to step on anyone's toes but it is beneficial to all brokers and all traders when these type of questions are answered...

Cheers,

Oh, ok then. Thanks for clarification ;)
Title: Re: IC MARKETS
Post by: issteven on July 04, 2012, 12:27:58 PM
I opened an account with them with 1:400 leverage. After just one day, I found the leverage is changed to 1:100 without notice. My account is small one. be careful about it.
Title: Re: IC MARKETS
Post by: kaltrax on July 04, 2012, 12:44:50 PM
I opened an account with them with 1:400 leverage. After just one day, I found the leverage is changed to 1:100 without notice. My account is small one. be careful about it.

If your account goes below 1000 $  your leverage is changed to 1:100

So be prepared and if your EA needs 1:400 you must kept aside funds to quickly rise up your balance.
Title: Re: IC MARKETS
Post by: bennyfx on July 04, 2012, 12:57:25 PM
This is a load of absolute garbage I now have 3 accounts with IC Markets, one is below $1000 dollars. All of my accounts are on 400:1 leverage.

I have not had any problems with them at all. My leverage has never been changed, in-fact my leverage was actually increased upon my request up to 500:1 on my smaller account (with less than $1000 in it) because I am running the forex envy bot on that account.

I have never had ANY issues with IC Markets. They have always done their best to help me out with my trading and increased my leverage to accommodate my strategies.
Title: Re: IC MARKETS
Post by: muzzamcc on July 04, 2012, 01:23:45 PM
I hope you realise that a $1000 account with IC will be very likely to blow running forex envy.
Title: Re: IC MARKETS
Post by: samtheman on July 04, 2012, 01:32:46 PM
Having received the final information required, I am able to provide details of the IC Markets True ECN account and offer the discounted commission charge agreement secured by the HFT Group, to all forum members.


IC Markets 'True ECN' account.

Regulation: ASIC (Australia) fully regulated 'Grade A' broker.

Feed: Integral. STP/ECN.  Raw spread plus commission.

Sever location: NY4

Minimum deposit: $200AUD or equivalent.

Leverage: 500:1 up to $1K, 400:1 $1K to $20K, 300:1                          $20K to $50K

Minimum lot size: 0.01 lots  (yes, 0.01 lots).

Stop level: Zero pips.

Account currencies: AUD & USD. Future deposits in other currencies possible based on demand.

US residents with IBC are accepted.

Free VPS: CNS Value Edition vps available for accounts trading over 20 lots r/t per month. No minimum account balance.

Commission charge: $5.50 per 1 lot round turn.
This is a discount of $1.50 off the standard $7.00 commission charge.

Existing non-IB accounts are eligible for the reduced commission charge.
Please contact IC Markets quoting your existing non-IB account number together with a request to be placed under the 'HFT Group agreement'.

Please contact me for access to the HFT Group discounted commission agreement for the IC Markets 'True ECN' account.

I have applied for an account and will provide a public myfxbook  running NMI SS at default, with both conservative and non-conservative settings, ASAP.

An invitation will be extended to a representative of IC Markets to provide additional information and answer questions from forum members.
I am not affiliated... I just think the following is a better IB for those that are interested.  They offer 2$ per Standard lots (instead of the $1.50 above).

http://www.cashinforex.com/cashinforex/icmarkets.html

Cheers   ;)

Cashinforex appears to India and does not have a very nice website (not that there is anything wrong with this). Forextown or the HFT group look like they offer good rebates also and appear to be far more popular.

Anyway, I don't get any rebates from any of these sites, but all I can say is that IC Markets has has had the best results (in percentage terms) from the testing that I have done so far on all the small live ECN broker accounts that I have running at the moment.
Title: Re: IC MARKETS
Post by: bennyfx on July 04, 2012, 01:51:08 PM
I hope you realise that a $1000 account with IC will be very likely to blow running forex envy.

Its looks fine at the moment, anyway I am prepared to top my account up even though I have 500:1 leverage on it.
Title: Re: IC MARKETS
Post by: bearnakedbull on July 04, 2012, 02:06:38 PM
Choosing the HFT Group deal or the IB in India paying $2 is really a matter of personal choice and there is no clear advantage in taking one over the other because they are quite different. The former is a reduced commission which means your account retains the the extra money for trading. The latter is a rebate that comes later but you must pay a higher commission on trades meaning you are having a larger amount come out of your account with each transaction. This rebate is basically being paid by you in my view unless you put the money back in the account when you get it. Each deal has it's own advantages.
Title: Re: IC MARKETS
Post by: CADENCETRADER on July 05, 2012, 12:51:09 AM
Ok so would you suggest for a high volume trader to take the HFT Group group because a lower commission will be better the more you turn over?
Title: Re: IC MARKETS
Post by: bearnakedbull on July 05, 2012, 01:02:13 AM
Personal preference is all I can say.
Title: Re: IC MARKETS
Post by: e1vis on July 05, 2012, 01:09:23 AM
I hope you realise that a $1000 account with IC will be very likely to blow running forex envy.

Its looks fine at the moment, anyway I am prepared to top my account up even though I have 500:1 leverage on it.

Well, to run the highest risk Long Cycles only, you need to top it up by $6,500 to reach the minimum recommended capital level. If you're running the power long and short cycles, you need to top it up by $17,000.

Really, running Envy on an ECN micro account with $1k is simply inviting a margin call. It's severely undercapitalised. It's not a case of if the account is lost, but when. 
Title: Re: IC MARKETS
Post by: bennyfx on July 05, 2012, 08:36:17 AM
Hi elvis

I completely agree with you that any account using envy requires a larger balance. Of course if and when I start taking more risk I will top up my account balance.

Thanks
Title: Re: IC MARKETS
Post by: Josef on July 05, 2012, 09:07:07 AM
Can anybody share information regarding execution time and slippage with me?
Title: Re: IC MARKETS
Post by: HFT Group on July 05, 2012, 09:10:50 AM
Ok.......looks like a few things need clarifying  ;)

The leverage on an account from $200 (the minimum deposit) to $1K is 500:1

$1k to $20K is 400:1

$20K to $50K is 300:1

These leverage figures are set out by IC Markets for traders opening a new account. They are not set in stone and are negotiable for clients with a legitimate reason to have them increased, ICM will look at each request on its own merits. If you have an account with a few $K and need 500:1 for a valid reason please contact ICM, they are flexible and most accommodating of individual requests.

If you have an account under $1K and have 100:1 leverage there is something obviously wrong and you should contact ICM to have this fixed.

Minimum lot size is 0.01 which is a huge bonus on an ECN account and offered by few brokers. Great for live testing ea's at minimum risk.

I am not overly familiar with Forex Envy (yet ;)) but I see it requires a cent account (0.001 lots) unless you have a substantial account balance. There are a number of brokers offering cent accounts, ICM is not one of them. You would be well advised to follow the experienced users running Envy and their advice in the Envy thread as well as the recommended money management and risk settings.

Commission discount versus rebates?????

As bearnakedbull posted.....they are completely different and a matter of personal choice. However, there are other factors to be considered also. A commission discount allows you to retain more equity in your account for trading. The funds stay where they were intended...in your trading account.
The commission discount is received immediately, a rebate can take well over a month to be received from a rebate provider. Are the rebate providers well known and reputable? What financial regulation do they have, if any?
Are your funds safe with these rebate providers? What guarantee do they provide that the rebate amount wont be decreased at short or zero notice? It does happen believe me!
Are the rebates paid in your account currency or the currency of the country in which you live? What are the fees incurred to transfer the rebate to your bank account? What fees are charged to convert the rebate currency into your local currency?

The commission discount is applied by the broker, ICM, on its own trading accounts for members. It is not subject to change at short notice. There is no question of regulation or safety of funds as the broker is fully ASIC regulated.
No transfer fees, no currency exchange fees and you get the discount immediately you trade, not a month or more later. Seems pretty clear cut to me personally. A $1.50 commission discount immediately or a $2.00 rebate from an unknown rebate provider with their head office in India a month or more later? But again, it is personal choice!
Title: Re: IC MARKETS
Post by: HFT Group on July 05, 2012, 09:15:48 AM
Can anybody share information regarding execution time and slippage with me?

Hi Josef,
            I am in the process of setting up my trading account as I type this. It will run NMI SS exclusively and I will post a public myfxbook link shortly.
Title: Re: IC MARKETS
Post by: LFN on July 05, 2012, 10:02:10 AM
Ok.......looks like a few things need clarifying  ;)

The leverage on an account from $200 (the minimum deposit) to $1K is 500:1

$1k to $20K is 400:1

$20K to $50K is 300:1

These leverage figures are set out by IC Markets for traders opening a new account. They are not set in stone and are negotiable for clients with a legitimate reason to have them increased, ICM will look at each request on its own merits. If you have an account with a few $K and need 500:1 for a valid reason please contact ICM, they are flexible and most accommodating of individual requests.

If you have an account under $1K and have 100:1 leverage there is something obviously wrong and you should contact ICM to have this fixed.

Minimum lot size is 0.01 which is a huge bonus on an ECN account and offered by few brokers. Great for live testing ea's at minimum risk.

I am not overly familiar with Forex Envy (yet ;)) but I see it requires a cent account (0.001 lots) unless you have a substantial account balance. There are a number of brokers offering cent accounts, ICM is not one of them. You would be well advised to follow the experienced users running Envy and their advice in the Envy thread as well as the recommended money management and risk settings.

Commission discount versus rebates?????

As bearnakedbull posted.....they are completely different and a matter of personal choice. However, there are other factors to be considered also. A commission discount allows you to retain more equity in your account for trading. The funds stay where they were intended...in your trading account.
The commission discount is received immediately, a rebate can take well over a month to be received from a rebate provider. Are the rebate providers well known and reputable? What financial regulation do they have, if any?
Are your funds safe with these rebate providers? What guarantee do they provide that the rebate amount wont be decreased at short or zero notice? It does happen believe me!
Are the rebates paid in your account currency or the currency of the country in which you live? What are the fees incurred to transfer the rebate to your bank account? What fees are charged to convert the rebate currency into your local currency?

The commission discount is applied by the broker, ICM, on its own trading accounts for members. It is not subject to change at short notice. There is no question of regulation or safety of funds as the broker is fully ASIC regulated.
No transfer fees, no currency exchange fees and you get the discount immediately you trade, not a month or more later. Seems pretty clear cut to me personally. A $1.50 commission discount immediately or a $2.00 rebate from an unknown rebate provider with their head office in India a month or more later? But again, it is personal choice!
Thanks. Has anyone compared Pepperstone Razor account with this account? I am quite satisfied with them, but the 2pip stop distance is a little disturbing. Is ICM some kind of premium broker?
Title: Re: IC MARKETS
Post by: HFT Group on July 05, 2012, 10:08:49 AM
Ok.......looks like a few things need clarifying  ;)

The leverage on an account from $200 (the minimum deposit) to $1K is 500:1

$1k to $20K is 400:1

$20K to $50K is 300:1

These leverage figures are set out by IC Markets for traders opening a new account. They are not set in stone and are negotiable for clients with a legitimate reason to have them increased, ICM will look at each request on its own merits. If you have an account with a few $K and need 500:1 for a valid reason please contact ICM, they are flexible and most accommodating of individual requests.

If you have an account under $1K and have 100:1 leverage there is something obviously wrong and you should contact ICM to have this fixed.

Minimum lot size is 0.01 which is a huge bonus on an ECN account and offered by few brokers. Great for live testing ea's at minimum risk.

I am not overly familiar with Forex Envy (yet ;)) but I see it requires a cent account (0.001 lots) unless you have a substantial account balance. There are a number of brokers offering cent accounts, ICM is not one of them. You would be well advised to follow the experienced users running Envy and their advice in the Envy thread as well as the recommended money management and risk settings.

Commission discount versus rebates?????

As bearnakedbull posted.....they are completely different and a matter of personal choice. However, there are other factors to be considered also. A commission discount allows you to retain more equity in your account for trading. The funds stay where they were intended...in your trading account.
The commission discount is received immediately, a rebate can take well over a month to be received from a rebate provider. Are the rebate providers well known and reputable? What financial regulation do they have, if any?
Are your funds safe with these rebate providers? What guarantee do they provide that the rebate amount wont be decreased at short or zero notice? It does happen believe me!
Are the rebates paid in your account currency or the currency of the country in which you live? What are the fees incurred to transfer the rebate to your bank account? What fees are charged to convert the rebate currency into your local currency?

The commission discount is applied by the broker, ICM, on its own trading accounts for members. It is not subject to change at short notice. There is no question of regulation or safety of funds as the broker is fully ASIC regulated.
No transfer fees, no currency exchange fees and you get the discount immediately you trade, not a month or more later. Seems pretty clear cut to me personally. A $1.50 commission discount immediately or a $2.00 rebate from an unknown rebate provider with their head office in India a month or more later? But again, it is personal choice!
Thanks. Has anyone compared Pepperstone Razor account with this account? I am quite satisfied with them, but the 2pip stop distance is a little disturbing. Is ICM some kind of premium broker?

ICM is similar to other regulated Australian brokers (Axi Pro, Pepperstone Razor).

The exceptions being they offer a zero stop, 0.01 lot size on the True ECN account, low deposit size and higher leverage than some others.
Title: Re: IC MARKETS
Post by: HFT Group on July 05, 2012, 10:12:12 AM
My ICM True ECN account is set up.

It will trade NMI SS exclusively at default on both conservative and non-conservative settings on all 5 supported pairs.

http://www.myfxbook.com/members/jonpearce/ic-markets-true-ecn/340009 (http://www.myfxbook.com/members/jonpearce/ic-markets-true-ecn/340009)
Title: Re: IC MARKETS
Post by: samtheman on July 05, 2012, 12:36:32 PM
Ok.......looks like a few things need clarifying  ;)

The leverage on an account from $200 (the minimum deposit) to $1K is 500:1

$1k to $20K is 400:1

$20K to $50K is 300:1

These leverage figures are set out by IC Markets for traders opening a new account. They are not set in stone and are negotiable for clients with a legitimate reason to have them increased, ICM will look at each request on its own merits. If you have an account with a few $K and need 500:1 for a valid reason please contact ICM, they are flexible and most accommodating of individual requests.

If you have an account under $1K and have 100:1 leverage there is something obviously wrong and you should contact ICM to have this fixed.

Minimum lot size is 0.01 which is a huge bonus on an ECN account and offered by few brokers. Great for live testing ea's at minimum risk.

I am not overly familiar with Forex Envy (yet ;)) but I see it requires a cent account (0.001 lots) unless you have a substantial account balance. There are a number of brokers offering cent accounts, ICM is not one of them. You would be well advised to follow the experienced users running Envy and their advice in the Envy thread as well as the recommended money management and risk settings.

Commission discount versus rebates?????

As bearnakedbull posted.....they are completely different and a matter of personal choice. However, there are other factors to be considered also. A commission discount allows you to retain more equity in your account for trading. The funds stay where they were intended...in your trading account.
The commission discount is received immediately, a rebate can take well over a month to be received from a rebate provider. Are the rebate providers well known and reputable? What financial regulation do they have, if any?
Are your funds safe with these rebate providers? What guarantee do they provide that the rebate amount wont be decreased at short or zero notice? It does happen believe me!
Are the rebates paid in your account currency or the currency of the country in which you live? What are the fees incurred to transfer the rebate to your bank account? What fees are charged to convert the rebate currency into your local currency?

The commission discount is applied by the broker, ICM, on its own trading accounts for members. It is not subject to change at short notice. There is no question of regulation or safety of funds as the broker is fully ASIC regulated.
No transfer fees, no currency exchange fees and you get the discount immediately you trade, not a month or more later. Seems pretty clear cut to me personally. A $1.50 commission discount immediately or a $2.00 rebate from an unknown rebate provider with their head office in India a month or more later? But again, it is personal choice!
Thanks. Has anyone compared Pepperstone Razor account with this account? I am quite satisfied with them, but the 2pip stop distance is a little disturbing. Is ICM some kind of premium broker?

I have compared the spreads of the pairs that matter on my Live IC Markets True ECN account to Pepperstone's spreads and IC Markets spreads are better during the Asian Time zone and improve even more when London opens. EUR/USD often sits at 0 to 0.1 pips.

Super tight spreads, no 2 pip stop loss t/p limit and good leverage make them a better choice in my books without a doubt.
Title: Re: IC MARKETS
Post by: bearnakedbull on July 05, 2012, 02:57:54 PM
Anyone care to share how SuperScalper did today? Armada made a few pips on some account so there is something to compare to.
Title: Re: IC MARKETS
Post by: bearnakedbull on July 05, 2012, 03:06:17 PM
I see you have the ICM account running again Jon and it lost.
Title: Re: IC MARKETS
Post by: Lastonny on July 05, 2012, 03:14:56 PM
So far IC markets seems to be one the most suitable brokers for scalpers. Let's hope they don't change their stop level like FxPrimus did.
Title: Re: IC MARKETS
Post by: bearnakedbull on July 05, 2012, 03:20:47 PM
So far IC markets seems to be one the most suitable brokers for scalpers. Let's hope they don't change their stop level like FxPrimus did.
Well did you make any pips though? Jon's Armada made whereas ICM lost.
Title: Re: IC MARKETS
Post by: HFT Group on July 05, 2012, 08:49:57 PM
Losses on Axi Pro and ICM with NMI SS but a few wins on my Armada exchange account. Last week was opposite, losses on Armada were higher than Axi Pro. Lets monitor things and hope for some nice spikes with upcoming NFP.
Primus is history it seems. NO1 was the only ea that came close to working on there and they stopped that now. Will be withdrawing my 100% bonus plus small profit remaining and deposit ASAP.
Title: Re: IC MARKETS
Post by: 3827 on July 05, 2012, 09:19:50 PM
Thanks for info. I am interested. Will contact you.



Ok.......looks like a few things need clarifying  ;)

The leverage on an account from $200 (the minimum deposit) to $1K is 500:1

$1k to $20K is 400:1

$20K to $50K is 300:1

These leverage figures are set out by IC Markets for traders opening a new account. They are not set in stone and are negotiable for clients with a legitimate reason to have them increased, ICM will look at each request on its own merits. If you have an account with a few $K and need 500:1 for a valid reason please contact ICM, they are flexible and most accommodating of individual requests.

If you have an account under $1K and have 100:1 leverage there is something obviously wrong and you should contact ICM to have this fixed.

Minimum lot size is 0.01 which is a huge bonus on an ECN account and offered by few brokers. Great for live testing ea's at minimum risk.

I am not overly familiar with Forex Envy (yet ;)) but I see it requires a cent account (0.001 lots) unless you have a substantial account balance. There are a number of brokers offering cent accounts, ICM is not one of them. You would be well advised to follow the experienced users running Envy and their advice in the Envy thread as well as the recommended money management and risk settings.

Commission discount versus rebates?????

As bearnakedbull posted.....they are completely different and a matter of personal choice. However, there are other factors to be considered also. A commission discount allows you to retain more equity in your account for trading. The funds stay where they were intended...in your trading account.
The commission discount is received immediately, a rebate can take well over a month to be received from a rebate provider. Are the rebate providers well known and reputable? What financial regulation do they have, if any?
Are your funds safe with these rebate providers? What guarantee do they provide that the rebate amount wont be decreased at short or zero notice? It does happen believe me!
Are the rebates paid in your account currency or the currency of the country in which you live? What are the fees incurred to transfer the rebate to your bank account? What fees are charged to convert the rebate currency into your local currency?

The commission discount is applied by the broker, ICM, on its own trading accounts for members. It is not subject to change at short notice. There is no question of regulation or safety of funds as the broker is fully ASIC regulated.
No transfer fees, no currency exchange fees and you get the discount immediately you trade, not a month or more later. Seems pretty clear cut to me personally. A $1.50 commission discount immediately or a $2.00 rebate from an unknown rebate provider with their head office in India a month or more later? But again, it is personal choice!
Title: Re: IC MARKETS
Post by: 3827 on July 06, 2012, 02:01:35 AM
Can you pls repost the following info on Post#1 of this thread?

Thx!

Having received the final information required, I am able to provide details of the IC Markets True ECN account and offer the discounted commission charge agreement secured by the HFT Group, to all forum members.


IC Markets 'True ECN' account.

Regulation: ASIC (Australia) fully regulated 'Grade A' broker.

Feed: Integral. STP/ECN.  Raw spread plus commission.

Sever location: NY4

Minimum deposit: $200AUD or equivalent.

Leverage: 500:1 up to $1K, 400:1 $1K to $20K, 300:1                          $20K to $50K

Minimum lot size: 0.01 lots  (yes, 0.01 lots).

Stop level: Zero pips.

Account currencies: AUD & USD. Future deposits in other currencies possible based on demand.

US residents with IBC are accepted.

Free VPS: CNS Value Edition vps available for accounts trading over 20 lots r/t per month. No minimum account balance.

Commission charge: $5.50 per 1 lot round turn.
This is a discount of $1.50 off the standard $7.00 commission charge.

Existing non-IB accounts are eligible for the reduced commission charge.
Please contact IC Markets quoting your existing non-IB account number together with a request to be placed under the 'HFT Group agreement'.

Please contact me for access to the HFT Group discounted commission agreement for the IC Markets 'True ECN' account.

I have applied for an account and will provide a public myfxbook  running NMI SS at default, with both conservative and non-conservative settings, ASAP.

An invitation will be extended to a representative of IC Markets to provide additional information and answer questions from forum members.
Title: Re: IC MARKETS
Post by: HFT Group on July 06, 2012, 10:00:16 AM
Can you pls repost the following info on Post#1 of this thread?

Thx!

Having received the final information required, I am able to provide details of the IC Markets True ECN account and offer the discounted commission charge agreement secured by the HFT Group, to all forum members.


IC Markets 'True ECN' account.

Regulation: ASIC (Australia) fully regulated 'Grade A' broker.

Feed: Integral. STP/ECN.  Raw spread plus commission.

Sever location: NY4

Minimum deposit: $200AUD or equivalent.

Leverage: 500:1 up to $1K, 400:1 $1K to $20K, 300:1                          $20K to $50K

Minimum lot size: 0.01 lots  (yes, 0.01 lots).

Stop level: Zero pips.

Account currencies: AUD & USD. Future deposits in other currencies possible based on demand.

US residents with IBC are accepted.

Free VPS: CNS Value Edition vps available for accounts trading over 20 lots r/t per month. No minimum account balance.

Commission charge: $5.50 per 1 lot round turn.
This is a discount of $1.50 off the standard $7.00 commission charge.

Existing non-IB accounts are eligible for the reduced commission charge.
Please contact IC Markets quoting your existing non-IB account number together with a request to be placed under the 'HFT Group agreement'.

Please contact me for access to the HFT Group discounted commission agreement for the IC Markets 'True ECN' account.

I have applied for an account and will provide a public myfxbook  running NMI SS at default, with both conservative and non-conservative settings, ASAP.

An invitation will be extended to a representative of IC Markets to provide additional information and answer questions from forum members.

Done  :)
Title: Re: IC MARKETS
Post by: Lastonny on July 06, 2012, 10:27:06 AM
So far IC markets seems to be one the most suitable brokers for scalpers. Let's hope they don't change their stop level like FxPrimus did.
Well did you make any pips though? Jon's Armada made whereas ICM lost.

so far i'm observing the performance of others  :)
Title: Re: IC MARKETS
Post by: flatour on July 06, 2012, 12:10:03 PM
Hi,
Still hesitating between IC Markets and Pepperstone !
Both seems AU regulated, low spread, serious
If anyone has an advice I take it !

Also, about IC Markets, how did you fund it?

I mailed them, no answer (bad point!)

I see Moneybookers is 3% Fee + 1,99% if your Moneybookers is not in AUD (!!!)
Credit card is 2,5 to 3% plus bank charges as payement are processed in AUD (so overall 5%)
Maybe I'll go for long bank wire transfer, at least they could have "local bank" via Global Collect !

Also what are the base currencies they support? I think I'll go for USD or EUR

And what about withdraw fees?

Can you confirm leverage is 400 up to 20K? I plan to deposit 18K, I guess you will guess why haha

About cashback for True ECN, studying offers here and on the web

Their website is really horrible

But overall they seem good !

Thanks
Title: Re: IC MARKETS
Post by: HFT Group on July 06, 2012, 12:24:59 PM
Best funding method is wire transfer if you are not in Australia. No withdrawal fees apart from your normal banks fees.

18K deposit would be 400:1 leverage but as I posted previously, requests for higher leverage will be considered on individual merit.

Yes I know what you want to use it for and ICM would be a better choice for your purpose, (lower average spreads, reduced commission charge keeps the maximum equity in your account).

Our agreement supports deposits in USD or AUD presently.

Out of your other 2 choices Axi Pro offers you higher leverage and better rebates through the Axi HFT Group agreement than Pepper Razor.
Title: Re: IC MARKETS
Post by: flatour on July 06, 2012, 12:34:40 PM
Thanks, I think I will jump in, and probably through your IB (btw how? PM you?) 5,5 is the best you can offer?

As you know a lot about them, and as they didnt answer my email (see below), I will ask you some questions !

International wire transfer risk to be a big deal

Deposit fees through Moneybookers is not negociable?
Most sites take 0-2% and can process payement in EUR then convert, instead letting Moneybookers due the exchange, for 1,99%
Base currencies are still AUD or USD?
Can I easily open a second account once 1st opened, and make transfers between them?
If my accounts goes over 20K and leverage is lowered, if I withdraw to go below 20K, does leverage go back to 400?
Do you know where is located their MT4 server?
I sent them a mail 8 days ago and got no reply, is it normal? Not a good point, maybe it is exceptional?

Thanks
Title: Re: IC MARKETS
Post by: HFT Group on July 06, 2012, 12:59:25 PM
Thanks, I think I will jump in, and probably through your IB (btw how? PM you?) 5,5 is the best you can offer?

As you know a lot about them, and as they didnt answer my email (see below), I will ask you some questions !

International wire transfer risk to be a big deal

Deposit fees through Moneybookers is not negociable?
Most sites take 0-2% and can process payement in EUR then convert, instead letting Moneybookers due the exchange, for 1,99%
Base currencies are still AUD or USD?
Can I easily open a second account once 1st opened, and make transfers between them?
If my accounts goes over 20K and leverage is lowered, if I withdraw to go below 20K, does leverage go back to 400?
Do you know where is located their MT4 server?
I sent them a mail 8 days ago and got no reply, is it normal? Not a good point, maybe it is exceptional?

Thanks


IC Markets offered the HFT Group a discounted commission charge of $5.50 which has been made available to all forum members. This is the same as the deal we have with Axi for the Pro ECN account except this is a $1.50 discount on the commission charge as opposed to the Axi agreement which is a $1.50 rebate.

Bank wire is totally safe and seemingly the most cost efficient. I am simply putting forward the offer ICM gave us, I have no say in the funding methods they use.

Base account currencies currently available are AUD or USD at the moment. More may be offered in the future if the demand is there.

You can open multiple accounts and transfer funds between accounts.

I would imagine ICM would come to an agreement with you regarding leverage. I believe they have been very flexible with other clients using the ea you intend to trade.

Their trading server is located in NY4. A free vps deal is available for 20+ lots per month.

I will pass on your comments to ICM regarding their delay in responding to your email. I have direct access to ICM if needed.

Please PM me for access to the ICM deal.
Title: Re: IC MARKETS
Post by: charleslimuk on July 06, 2012, 01:15:03 PM
Hi Dash

I totally agreed with your conclusion.  I bought many good EAs and joint a few signal providers, none had made any profit.  One and half years of wasted time with all the automatic trading and now,  I have decided to solely trade manually.

Today, for the US Non farm payroll I bagged 280 pips using EU,GU,AU,NU and USDCHF with special quick keys and price action with Currency Power meter.
Title: Re: IC MARKETS
Post by: adele on July 06, 2012, 01:16:38 PM
Deposit fees through Moneybookers is not negociable?
Most sites take 0-2% and can process payement in EUR then convert, instead letting Moneybookers due the exchange, for 1,99%
Base currencies are still AUD or USD?
Can I easily open a second account once 1st opened, and make transfers between them?
If my accounts goes over 20K and leverage is lowered, if I withdraw to go below 20K, does leverage go back to 400?
Do you know where is located their MT4 server?
I sent them a mail 8 days ago and got no reply, is it normal? Not a good point, maybe it is exceptional?

They don't recommend to fund accounts via Moneybookers due to the high charges. Their recommended funding methods are credit card, BPay and wire transfer.

Their Moneybookers account is in AUD. If you do initial funding of your account using Moneybookers, it will be converted to AUD and your account will be created in AUD currency.

If you use wire transfer (I'm not sure about credit card or BPay) and do initial funding in USD, they will create a USD account for you. You can do internal transfer of funds between accounts once they have been created, even if they are using different base currencies.

Are you sure you have the right email address? I send my email enquiries to either support@icmarkets.com.au or accounts@icmarkets.com.au and usually get the reply within the same day.
Title: Re: IC MARKETS
Post by: HFT Group on July 06, 2012, 01:27:03 PM
Deposit fees through Moneybookers is not negociable?
Most sites take 0-2% and can process payement in EUR then convert, instead letting Moneybookers due the exchange, for 1,99%
Base currencies are still AUD or USD?
Can I easily open a second account once 1st opened, and make transfers between them?
If my accounts goes over 20K and leverage is lowered, if I withdraw to go below 20K, does leverage go back to 400?
Do you know where is located their MT4 server?
I sent them a mail 8 days ago and got no reply, is it normal? Not a good point, maybe it is exceptional?

They don't recommend to fund accounts via Moneybookers due to the high charges. Their recommended funding methods are credit card, BPay and wire transfer.

Their Moneybookers account is in AUD. If you do initial funding of your account using Moneybookers, it will be converted to AUD and your account will be created in AUD currency.

If you use wire transfer (I'm not sure about credit card or BPay) and do initial funding in USD, they will create a USD account for you. You can do internal transfer of funds between accounts once they have been created, even if they are using different base currencies.

Are you sure you have the right email address? I send my email enquiries to either support@icmarkets.com.au or accounts@icmarkets.com.au and usually get the reply within the same day.

Thanks Adele for the info.

Being in Australia I did a Bpay deposit and funds were in the next day.
Title: Re: IC MARKETS
Post by: crazycat on July 07, 2012, 08:10:13 AM
I funded my account with credit card at the start, I then deposited a larger amount by internet bank transfer. My credit card deposit was in my trading account on the same day but my internet bank transfer took 24 hours.

Title: Re: IC MARKETS
Post by: flatour on July 07, 2012, 10:18:15 AM
Thanks, in what currency did you do your wire transfer? How it arrived at ICM?
Title: Re: IC MARKETS
Post by: crazycat on July 07, 2012, 10:46:54 AM
I did the wire transfer in USD to IC Markets USD client bank account at Westpac Bank and it arrived in USD with no problems.
Title: Re: IC MARKETS
Post by: bennyfx on July 07, 2012, 01:04:34 PM
I funded my accounts with Bpay and credit card, all my deposits and withdrawals have been processed very fast (24 hours max).

Bpay will only work though if you are in Australia though.
Title: Re: IC MARKETS
Post by: samtheman on July 09, 2012, 01:57:37 AM
It looks like they are grow very fast, look at the link below. 

http://news.yahoo.com/ic-markets-announces-record-ecn-forex-trading-volumes-070517149.html (http://news.yahoo.com/ic-markets-announces-record-ecn-forex-trading-volumes-070517149.html)

I hope that this does not effect our EA's in any way.
Title: Re: IC MARKETS
Post by: samtheman on July 09, 2012, 12:03:08 PM
They have the lowest EUR/USD spread on myfxbook. Average spread is 0.1 pips is confirmed. Very very low.

http://www.myfxbook.com/forex-broker-spreads/ic-markets-EURUSD-real-spread/819,1 (http://www.myfxbook.com/forex-broker-spreads/ic-markets-EURUSD-real-spread/819,1)

I can not remember ever seeing a broker who has spread of 0 pips as often as this company.
Title: Re: IC MARKETS
Post by: flatour on July 09, 2012, 12:14:28 PM
Yes, ICmarkets rocks a lot

A big inconvenient, they dont offer any kind of mastercard or debit card that could allow us to withdraw at the ATM or pay our expenses with that card
They could signup, like Tradefort, Fxprimus, Instaforex, Moneybookers, ect, to www.payoneer.com
I'd really appreciate that
Title: Re: IC MARKETS
Post by: atomico on July 09, 2012, 10:27:23 PM
some user report the slow execution time on this broker, also if using the ON NET provided by CNS NETWORK...

not good for using SCALPER EA?

bye
Title: Re: IC MARKETS
Post by: CADENCETRADER on July 10, 2012, 12:13:42 AM
Hi,

Are you sure you are on the live server and not the demo? I am using Scalper EA on my live account and haven't been getting slow execution times at all.
Title: Re: IC MARKETS
Post by: flatour on July 10, 2012, 01:40:46 AM
I think ICM is really very good, but yes, not excellent for hard scalpers
Title: Re: IC MARKETS
Post by: HFT Group on July 10, 2012, 07:35:48 AM
You should get excellent execution times from either Beeks NY4 vps or CNS NY 'on net' x-connect vps. Execution times for NO1 scalper ea or MDP should be around 300 to 400m/s.
Title: Re: IC MARKETS
Post by: atomico on July 10, 2012, 08:32:48 AM
at this moment i have not tested, i have only read some comment...

i have CNS "on net" ready in NY, i am waiting also for confirm regard my account that is TRUE ECN...

300ms-400ms i very good execution time...
Title: Re: IC MARKETS
Post by: 3827 on July 10, 2012, 11:42:43 PM
Is the demo server down at the moment?  >:(
Title: Re: IC MARKETS
Post by: recint on July 10, 2012, 11:48:07 PM
Do they accept US customers ?
Title: Re: IC MARKETS
Post by: 3827 on July 11, 2012, 12:25:16 AM
I can't connect to their demo server since 6hours ago....  :'(
Title: IC MARKETS
Post by: e1vis on July 11, 2012, 01:00:02 AM
Do they accept US customers ?

Pretty certain they don't. Could be wrong though.
Title: Re: IC MARKETS
Post by: HFT Group on July 11, 2012, 07:13:06 AM
I can't connect to their demo server since 6hours ago....  :'(

ICM demo sever is up and running when I just checked.
Title: Re: IC MARKETS
Post by: HFT Group on July 11, 2012, 07:14:04 AM
Do they accept US customers ?


ICM only except US residents with an IBC.
Title: Re: IC MARKETS
Post by: HFT Group on July 11, 2012, 07:34:56 AM
Following requests from a few Envy users, I have contacted IC Markets to clarify the special conditions offered to Envy users on the ICM True ECN account.

500:1 leverage can be requested on all account sizes after your account has been opened.
This is subject to the condition that the account will be used solely to trade Forex Envy. ICM reserve the right to reduce leverage to the standard level if they feel this requirement is not met.

The discounted  $5.50 commission offer extended to all forum members for the ICM True ECN account is available to members trading Forex Envy.

A discounted commission charge retains more equity in your trading account for Envy, as opposed to the rebates being offered by a few obscure rebate providers.
 
Existing non-IB accounts are eligible for the discounted commission.

Members with existing IB accounts would need to open a new account to receive the discounted $5.50 commission charge.
Title: Re: IC MARKETS
Post by: 3827 on July 11, 2012, 04:21:59 PM
Problem solved, thanks to Angus!

 :D

I can't connect to their demo server since 6hours ago....  :'(

ICM demo sever is up and running when I just checked.
Title: Re: IC MARKETS
Post by: altermax on July 11, 2012, 04:23:08 PM
else the opportunity soon will also have accounts in eur?

regards
max
Title: Re: IC MARKETS
Post by: flatour on July 11, 2012, 04:56:41 PM
EUR accounts already available
But I am hesitating between EUR and USD (I'm european but isn't USD easier?)
Title: Re: IC MARKETS
Post by: HFT Group on July 11, 2012, 08:53:56 PM
EUR accounts already available
But I am hesitating between EUR and USD (I'm european but isn't USD easier?)


The discount on commission only applies to accounts funded in AUD or USD at this time. Alternative funding currencies could be made available depending on demand. If you intend to open an account and wish to fund it in a currency other than AUD or USD, please contact me first so I can arrange this with ICM.
Title: Re: IC MARKETS
Post by: Bird_of_Paradise on July 12, 2012, 06:35:45 AM
Does anyone have any withdrawal experience from IC Markets? Please share. I am trading in their demo currently. I would like to trade live with them, but I'm not sure. They don't have chat service. It seem that everyone in the web talks about Angus from ICM, and I'm not sure if there are other staff working with them also. Can a trader who trades with them share some experiences? that would probably help. thanks
Title: Re: IC MARKETS
Post by: bennyfx on July 12, 2012, 08:24:43 AM
I pulled some money out earlier this week, I had to complete a withdrawal request form it was pretty simple.

I have been dealing with a guy called Jonathan, he helped me set-up my VPS at CNS through IC Markets bundling package.   

My experience with them has been pretty good so far and I really cant fault their platform or service.
Title: IC MARKETS
Post by: deathlord on July 12, 2012, 08:51:45 AM
EUR accounts already available
But I am hesitating between EUR and USD (I'm european but isn't USD easier?)


The discount on commission only applies to accounts funded in AUD or USD at this time. Alternative funding currencies could be made available depending on demand. If you intend to open an account and wish to fund it in a currency other than AUD or USD, please contact me first so I can arrange this with ICM.
Angus actually offered me a reduced rate per million for EUR instead of the regular $/lot for AUD/USD, but since I wasn't exactly sure how to compare this to the commission deal (and was too lazy to ask), I opted for USD at this time. But the more people express their interest in an EUR deal, the better our chances to get it.
Title: Re: IC MARKETS
Post by: HFT Group on July 12, 2012, 09:17:30 AM
Does anyone have any withdrawal experience from IC Markets? Please share. I am trading in their demo currently. I would like to trade live with them, but I'm not sure. They don't have chat service. It seem that everyone in the web talks about Angus from ICM, and I'm not sure if there are other staff working with them also. Can a trader who trades with them share some experiences? that would probably help. thanks

Withdrawal requests are handled promptly and efficiently, you will have no problems.

ICM are regulated by ASIC. ASIC is a recognised regulator of Australian Financial institutions. That's why the ICM thread is under 'Grade A Brokers'.
Title: Re: IC MARKETS
Post by: HFT Group on July 12, 2012, 09:20:41 AM
EUR accounts already available
But I am hesitating between EUR and USD (I'm european but isn't USD easier?)


The discount on commission only applies to accounts funded in AUD or USD at this time. Alternative funding currencies could be made available depending on demand. If you intend to open an account and wish to fund it in a currency other than AUD or USD, please contact me first so I can arrange this with ICM.
Angus actually offered me a reduced rate per million for EUR instead of the regular $/lot for AUD/USD, but since I wasn't exactly sure how to compare this to the commission deal (and was too lazy to ask), I opted for USD at this time. But the more people express their interest in an EUR deal, the better our chances to get it.


As there have been a number of requests to fund accounts in EUR, I will contact ICM and request accounts funded in EUR be included in the discount agreement.
Title: Re: IC MARKETS
Post by: Bird_of_Paradise on July 12, 2012, 06:29:09 PM
Does anyone have any withdrawal experience from IC Markets? Please share. I am trading in their demo currently. I would like to trade live with them, but I'm not sure. They don't have chat service. It seem that everyone in the web talks about Angus from ICM, and I'm not sure if there are other staff working with them also. Can a trader who trades with them share some experiences? that would probably help. thanks

Withdrawal requests are handled promptly and efficiently, you will have no problems.

ICM are regulated by ASIC. ASIC is a recognised regulator of Australian Financial institutions. That's why the ICM thread is under 'Grade A Brokers'.

jonpearce, i appreciate the information you provided, but how can I believe you with the statement "withdrawal request are handled promptly and efficiently, you will have no problem"?
Is there any proof for that? this broker is unheard of, seem like a 2 man show - Angus and the General manager, no chat service, e.t.c.
I would really appreciate, and I believe others would too, if you could provide some hard evidence for them to be such a good broker.They are almost unheard of since their existence from 2007, and too good to be true. They have never won any international awards. I would not be comfortable to invest in a 2 men running the broker.
TY. :)
Title: IC MARKETS
Post by: e1vis on July 12, 2012, 08:08:55 PM
Does anyone have any withdrawal experience from IC Markets? Please share. I am trading in their demo currently. I would like to trade live with them, but I'm not sure. They don't have chat service. It seem that everyone in the web talks about Angus from ICM, and I'm not sure if there are other staff working with them also. Can a trader who trades with them share some experiences? that would probably help. thanks

Withdrawal requests are handled promptly and efficiently, you will have no problems.

ICM are regulated by ASIC. ASIC is a recognised regulator of Australian Financial institutions. That's why the ICM thread is under 'Grade A Brokers'.

jonpearce, i appreciate the information you provided, but how can I believe you with the statement "withdrawal request are handled promptly and efficiently, you will have no problem"?
Is there any proof for that? this broker is unheard of, seem like a 2 man show - Angus and the General manager, no chat service, e.t.c.
I would really appreciate, and I believe others would too, if you could provide some hard evidence for them to be such a good broker.They are almost unheard of since their existence from 2007, and too good to be true. They have never won any international awards. I would not be comfortable to invest in a 2 men running the broker.
TY. :)

You mean awards like all the ones that pfgbest won..? ???

All the evidence you need to make a decision - both good and bad - is here in the thread. I'm not sure what more Jon can say about withdrawals... 

They are a regulated firm, so you could always speak to the regulator about any concerns you have.
Title: Re: IC MARKETS
Post by: petersurrey on July 12, 2012, 08:31:45 PM
Does anyone have any withdrawal experience from IC Markets? Please share. I am trading in their demo currently. I would like to trade live with them, but I'm not sure. They don't have chat service. It seem that everyone in the web talks about Angus from ICM, and I'm not sure if there are other staff working with them also. Can a trader who trades with them share some experiences? that would probably help. thanks

Withdrawal requests are handled promptly and efficiently, you will have no problems.

ICM are regulated by ASIC. ASIC is a recognised regulator of Australian Financial institutions. That's why the ICM thread is under 'Grade A Brokers'.

jonpearce, i appreciate the information you provided, but how can I believe you with the statement "withdrawal request are handled promptly and efficiently, you will have no problem"?
Is there any proof for that? this broker is unheard of, seem like a 2 man show - Angus and the General manager, no chat service, e.t.c.
I would really appreciate, and I believe others would too, if you could provide some hard evidence for them to be such a good broker.They are almost unheard of since their existence from 2007, and too good to be true. They have never won any international awards. I would not be comfortable to invest in a 2 men running the broker.
TY. :)

You mean awards like all the ones that pfgbest won..? ???

All the evidence you need to make a decision - both good and bad - is here in the thread. I'm not sure what more Jon can say about withdrawals... 

They are a regulated firm, so you could always speak to the regulator about any concerns you have.

LOL yes I very nearly fell for the great service spiel - tragic shame that short term greed destroyed what was a very reputable broker over many years..thoughts are with those who risk losing their accounts.

ICM is one of the very few brokers on FPA with a 4/5 start rating; where even decent ones have no more than 3 if that helps...not that I rate FPA that highly ;)
Title: Re: IC MARKETS
Post by: HFT Group on July 12, 2012, 08:41:47 PM
Does anyone have any withdrawal experience from IC Markets? Please share. I am trading in their demo currently. I would like to trade live with them, but I'm not sure. They don't have chat service. It seem that everyone in the web talks about Angus from ICM, and I'm not sure if there are other staff working with them also. Can a trader who trades with them share some experiences? that would probably help. thanks

Withdrawal requests are handled promptly and efficiently, you will have no problems.

ICM are regulated by ASIC. ASIC is a recognised regulator of Australian Financial institutions. That's why the ICM thread is under 'Grade A Brokers'.

jonpearce, i appreciate the information you provided, but how can I believe you with the statement "withdrawal request are handled promptly and efficiently, you will have no problem"?
Is there any proof for that? this broker is unheard of, seem like a 2 man show - Angus and the General manager, no chat service, e.t.c.
I would really appreciate, and I believe others would too, if you could provide some hard evidence for them to be such a good broker.They are almost unheard of since their existence from 2007, and too good to be true. They have never won any international awards. I would not be comfortable to invest in a 2 men running the broker.
TY. :)


Having held 3 trading accounts with ICM including my current account yes, my withdrawals were handled promptly and efficiently.

If you are not comfortable trading with a broker with full recognised regulation due to your above mentioned concerns, you have a huge variety of offshore brokers with no recognised/acknowledged regulation to choose from.
Title: Re: IC MARKETS
Post by: samtheman on July 13, 2012, 12:47:13 AM
Withdrawals are very easy I have never had any issues pulling money out of my account.

I also went to their Sydney office last week to meet with their Head of IT and Market Connectivity Specialist as I had some programming issues mapping to their FIX API, they were were very helpful. Now I am able to pull out market depth from the FIX API connection they gave me. I have also nearly finished an EA that looks at and extracts market depth before placing a trade.

I will make my EA available in this forum for testing very soon, I just need to Iron out some small bugs.
Title: Re: IC MARKETS
Post by: Bird_of_Paradise on July 13, 2012, 05:27:16 AM
Does anyone have any withdrawal experience from IC Markets? Please share. I am trading in their demo currently. I would like to trade live with them, but I'm not sure. They don't have chat service. It seem that everyone in the web talks about Angus from ICM, and I'm not sure if there are other staff working with them also. Can a trader who trades with them share some experiences? that would probably help. thanks

Withdrawal requests are handled promptly and efficiently, you will have no problems.

ICM are regulated by ASIC. ASIC is a recognised regulator of Australian Financial institutions. That's why the ICM thread is under 'Grade A Brokers'.

jonpearce, i appreciate the information you provided, but how can I believe you with the statement "withdrawal request are handled promptly and efficiently, you will have no problem"?
Is there any proof for that? this broker is unheard of, seem like a 2 man show - Angus and the General manager, no chat service, e.t.c.
I would really appreciate, and I believe others would too, if you could provide some hard evidence for them to be such a good broker.They are almost unheard of since their existence from 2007, and too good to be true. They have never won any international awards. I would not be comfortable to invest in a 2 men running the broker.
TY. :)


Having held 3 trading accounts with ICM including my current account yes, my withdrawals were handled promptly and efficiently.

If you are not comfortable trading with a broker with full recognised regulation due to your above mentioned concerns, you have a huge variety of offshore brokers with no recognised/acknowledged regulation to choose from.
thanks for those information. The good side of this broker is it is regulated by ASIC. it is hard to trust brokers these days, and it seem ICM is a broker which most traders would want to trade with. But their downside is there are not enough reviews about them, and the ones that are seen seem to from few traders only. It would be good to see many reviews by many different traders if they were online since 2007. If I am in Sydney I would probably visit their office, and know them before I open account with them.
I'm thinking of opening an account with them but I feel reluctant to trade with a broker which many traders have never heard of it. For me, I won't trade with them until they are convincing enough. ;)
Title: Re: IC MARKETS
Post by: HFT Group on July 13, 2012, 08:27:44 AM
Does anyone have any withdrawal experience from IC Markets? Please share. I am trading in their demo currently. I would like to trade live with them, but I'm not sure. They don't have chat service. It seem that everyone in the web talks about Angus from ICM, and I'm not sure if there are other staff working with them also. Can a trader who trades with them share some experiences? that would probably help. thanks

Withdrawal requests are handled promptly and efficiently, you will have no problems.

ICM are regulated by ASIC. ASIC is a recognised regulator of Australian Financial institutions. That's why the ICM thread is under 'Grade A Brokers'.

jonpearce, i appreciate the information you provided, but how can I believe you with the statement "withdrawal request are handled promptly and efficiently, you will have no problem"?
Is there any proof for that? this broker is unheard of, seem like a 2 man show - Angus and the General manager, no chat service, e.t.c.
I would really appreciate, and I believe others would too, if you could provide some hard evidence for them to be such a good broker.They are almost unheard of since their existence from 2007, and too good to be true. They have never won any international awards. I would not be comfortable to invest in a 2 men running the broker.
TY. :)


Having held 3 trading accounts with ICM including my current account yes, my withdrawals were handled promptly and efficiently.

If you are not comfortable trading with a broker with full recognised regulation due to your above mentioned concerns, you have a huge variety of offshore brokers with no recognised/acknowledged regulation to choose from.
thanks for those information. The good side of this broker is it is regulated by ASIC. it is hard to trust brokers these days, and it seem ICM is a broker which most traders would want to trade with. But their downside is there are not enough reviews about them, and the ones that are seen seem to from few traders only. It would be good to see many reviews by many different traders if they were online since 2007. If I am in Sydney I would probably visit their office, and know them before I open account with them.
I'm thinking of opening an account with them but I feel reluctant to trade with a broker which many traders have never heard of it. For me, I won't trade with them until they are convincing enough. ;)

Your concerns are understandable to a point. ICM is the 'new kid on the block' and the majority of members were unaware of their existence until this thread came into being.

I believe they are becoming well known know both in the forum and elsewhere. You may wish to read this article:
http://news.yahoo.com/ic-markets-announces-record-ecn-forex-trading-volumes-070517149.html (http://news.yahoo.com/ic-markets-announces-record-ecn-forex-trading-volumes-070517149.html)

Regardless, being ASIC regulated your funds are held in segregated accounts and as safe as anywhere in the world, if not safer. Australian banks breezed through the GFC and are still posting record profits throughout the current global financial uncertainty.

The trading conditions speak for themselves......zero stop, 0.01 lots on an ECN account, high leverage and excellent execution times. Pretty much as good as it gets.
Title: Re: IC MARKETS
Post by: bennyfx on July 13, 2012, 01:47:42 PM
Did anyone see the webinar they had the other night?

They showed an EA that looked like Forex Envy but with different position sizing calculations.
Title: Re: IC MARKETS
Post by: samtheman on July 14, 2012, 02:49:18 PM
I don't think that there could be too many EA's out there that can beat forex ENVY at the moment. It is performing exceptionally well on my IC Markets ECN account compared to the other systems that I have running.
Title: Re: IC MARKETS
Post by: PisceanTrader on July 14, 2012, 03:12:45 PM
Did anyone see the webinar they had the other night?

They showed an EA that looked like Forex Envy but with different position sizing calculations.

Yes I went too, as well as talking to ICM the following day. I actually posed the question on the night suggesting that it did seem similar to FE. While we got the usual "I am unaware of that" (which is sales speak "Do not discuss or bag a competitor") FE is much more of a beast compared to their solution and probably the only thing they have in common is their "martingale" type strategies.

FWIW I am actually going down both paths as I liked the simplicity of their solution and an avge of 4% per month is OK by me. It did mean though that I had to change my plans a bit regarding FE, ie smaller account balance.
Title: Re: IC MARKETS
Post by: PisceanTrader on July 14, 2012, 03:27:00 PM
I think the biggest problem with IC Markets (which they are well aware of) is that their on-line presence is pretty poor (web site, "newbie", etc), so it does make it difficult to make a decision. They are getting a much bigger presence and rep now though and I hope that translates into better tools for interacting with them and our accounts (I really liked the control I had with OandA).

All I can say is that a few months ago I started side by side comparisons with live accounts against what is probably the other main choice here and my IC Markets made more profit.
Title: Re: IC MARKETS
Post by: bennyfx on July 15, 2012, 12:48:37 AM
Regarding their website, I have also informed them that it does not contain allot of information they, told me that they are in the process of finalizing a new site and that it will be released very soon.

I too had an account with OandA in the past, I logged in the other day (surprisingly my login and password still worked) and compared the spreads to IC Markets. IC Markets leaves them for dead without a doubt.

The choice for me was simple.
Title: Re: IC MARKETS
Post by: HFT Group on July 15, 2012, 01:14:55 AM
I spoke with Angus from ICM on Friday. ICM will be providing access to the discounted commissions for members wishing to fund accounts in EUR asap.

ICM are in the process of building a new website that will be more informative an easier to navigate, hopefully this will include a live chat feature. They are well aware of the short-comings of their current website including the lack of live support.

I put forward the suggestion of temporary live chat support via Skype in the interim period.
Title: IC MARKETS
Post by: e1vis on July 15, 2012, 01:24:56 AM
I don't think that there could be too many EA's out there that can beat forex ENVY at the moment. It is performing exceptionally well on my IC Markets ECN account compared to the other systems that I have running.

True, but remember that that's the nature of the beast: spectacular gains then, one day, a margin call
Title: Re: IC MARKETS
Post by: sk2000sg on July 15, 2012, 06:50:02 AM
Hello,
 i am looking forward to have live account with IC market through IB, do advise what are the condition and how to go about it.

Best regards,
Chris

I spoke with Angus from ICM on Friday. ICM will be providing access to the discounted commissions for members wishing to fund accounts in EUR asap.

ICM are in the process of building a new website that will be more informative an easier to navigate, hopefully this will include a live chat feature. They are well aware of the short-comings of their current website including the lack of live support.

I put forward the suggestion of temporary live chat support via Skype in the interim period.
Title: Re: IC MARKETS
Post by: HFT Group on July 15, 2012, 09:49:12 AM
Any member wanting access to the discounted $5.50 commission charge for the ICM True ECN account need only contact me via PM or email and I will provide the group link.
Title: Re: IC MARKETS
Post by: adele on July 15, 2012, 11:02:04 AM
I spoke with Angus from ICM on Friday. ICM will be providing access to the discounted commissions for members wishing to fund accounts in EUR asap.

Hi Jon

It would be great if you can have a similar agreement for SGD. :)

Thanks

adele
Title: Re: IC MARKETS
Post by: bennyfx on July 15, 2012, 11:22:22 AM
I don't think that there could be too many EA's out there that can beat forex ENVY at the moment. It is performing exceptionally well on my IC Markets ECN account compared to the other systems that I have running.

True, but remember that that's the nature of the beast: spectacular gains then, one day, a margin call

That's why you keep enough money in your account to avoid a margin call or least have the money on standby so that your account can be topped up fast. It is simple risk management really and this EA requires just that.
Title: Re: IC MARKETS
Post by: HFT Group on July 15, 2012, 01:08:57 PM
I spoke with Angus from ICM on Friday. ICM will be providing access to the discounted commissions for members wishing to fund accounts in EUR asap.

Hi Jon

It would be great if you can have a similar agreement for SGD. :)

Thanks

adele

There have been a few requests to open and fund accounts in EUR so that was the first priority. It is my hope that all supported deposit currencies will be eligible for the discounted commissions. I have mentioned this to ICM and will follow it up and post the reply.
Title: Forex Ency
Post by: CADENCETRADER on July 16, 2012, 07:30:06 AM
I've been hearing and reading a lot about this EA recently. Is anyone running this through ICM? If you are how is it performing?
Title: Re: IC MARKETS
Post by: Bird_of_Paradise on July 16, 2012, 10:02:35 AM
Does anyone have any withdrawal experience from IC Markets? Please share. I am trading in their demo currently. I would like to trade live with them, but I'm not sure. They don't have chat service. It seem that everyone in the web talks about Angus from ICM, and I'm not sure if there are other staff working with them also. Can a trader who trades with them share some experiences? that would probably help. thanks

Withdrawal requests are handled promptly and efficiently, you will have no problems.

ICM are regulated by ASIC. ASIC is a recognised regulator of Australian Financial institutions. That's why the ICM thread is under 'Grade A Brokers'.

jonpearce, i appreciate the information you provided, but how can I believe you with the statement "withdrawal request are handled promptly and efficiently, you will have no problem"?
Is there any proof for that? this broker is unheard of, seem like a 2 man show - Angus and the General manager, no chat service, e.t.c.
I would really appreciate, and I believe others would too, if you could provide some hard evidence for them to be such a good broker.They are almost unheard of since their existence from 2007, and too good to be true. They have never won any international awards. I would not be comfortable to invest in a 2 men running the broker.
TY. :)


Having held 3 trading accounts with ICM including my current account yes, my withdrawals were handled promptly and efficiently.

If you are not comfortable trading with a broker with full recognised regulation due to your above mentioned concerns, you have a huge variety of offshore brokers with no recognised/acknowledged regulation to choose from.
thanks for those information. The good side of this broker is it is regulated by ASIC. it is hard to trust brokers these days, and it seem ICM is a broker which most traders would want to trade with. But their downside is there are not enough reviews about them, and the ones that are seen seem to from few traders only. It would be good to see many reviews by many different traders if they were online since 2007. If I am in Sydney I would probably visit their office, and know them before I open account with them.
I'm thinking of opening an account with them but I feel reluctant to trade with a broker which many traders have never heard of it. For me, I won't trade with them until they are convincing enough. ;)

Your concerns are understandable to a point. ICM is the 'new kid on the block' and the majority of members were unaware of their existence until this thread came into being.

I believe they are becoming well known know both in the forum and elsewhere. You may wish to read this article:
http://news.yahoo.com/ic-markets-announces-record-ecn-forex-trading-volumes-070517149.html (http://news.yahoo.com/ic-markets-announces-record-ecn-forex-trading-volumes-070517149.html)

Regardless, being ASIC regulated your funds are held in segregated accounts and as safe as anywhere in the world, if not safer. Australian banks breezed through the GFC and are still posting record profits throughout the current global financial uncertainty.

The trading conditions speak for themselves......zero stop, 0.01 lots on an ECN account, high leverage and excellent execution times. Pretty much as good as it gets.

thank you. that link was helpful.
Title: Re: Forex Envy
Post by: HFT Group on July 16, 2012, 10:38:35 AM
I've been hearing and reading a lot about this EA recently. Is anyone running this through ICM? If you are how is it performing?

ICM appears to be proving popular for Forex Envy due to tight spreads and the ability to trade 0.01 lot sizes on an ECN account.

You will find posts relating to the use of Forex Envy on ICM in the Forex Envy thread.
Title: Re: IC MARKETS
Post by: CADENCETRADER on July 17, 2012, 08:27:21 AM
Thanks for that, I'll have a look.
Title: Re: IC MARKETS
Post by: Young on July 17, 2012, 10:17:11 AM
How did IC Markets handle latest news release in terms of GBP/USD spread?
For example, here is how some brokers handled it:

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fwww.donnaforex.com%2Fforum%2Findex.php%3Faction%3Ddlattach%3Btopic%3D5761.0%3Battach%3D14974%3Bimage&hash=b6664654f524e56dad9624f5f82bf699)

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fwww.donnaforex.com%2Fforum%2Findex.php%3Faction%3Ddlattach%3Btopic%3D5761.0%3Battach%3D14976%3Bimage&hash=0b3e650e74d5acf48e0b67bcc180bd7a)

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fwww.donnaforex.com%2Fforum%2Findex.php%3Faction%3Ddlattach%3Btopic%3D5761.0%3Battach%3D14978%3Bimage&hash=4c4e6ad9a6bf62bac10096921c23fcf5)

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fwww.donnaforex.com%2Fforum%2Findex.php%3Faction%3Ddlattach%3Btopic%3D5761.0%3Battach%3D14980%3Bimage&hash=73aa8346ddb7d6f4e57ab122d27c0a3d)

Title: Re: IC MARKETS
Post by: bennyfx on July 17, 2012, 12:27:08 PM
Here is the the link to myfxbook

http://www.myfxbook.com/forex-broker-spreads/ic-markets-GBPUSD-real-spread/819,2

They have one of the best GBP/USD spreads out there and from my testing the most stable also, this combined with their outstanding EUR/USD spreads  makes them the number one broker in the market right now for me and most other EA traders.

I should also mention that when I conduct analysis I also look at depth of market (liquidity) as this combined with spread is the only true indicator of a quality broker. Unfortunately there are only a few brokers that give you access to depth of market, in my experience these also tend to be the better brokers in the market. IC Markets is one of the few brokers that also allows you to connect to them and extract their data using a FIX connection, most brokers wouldn't dream of allowing their clients access to their back end connections.
Title: Re: IC MARKETS
Post by: Young on July 17, 2012, 01:11:33 PM
Here is the the link to myfxbook

http://www.myfxbook.com/forex-broker-spreads/ic-markets-GBPUSD-real-spread/819,2

Thanks for the link. I couldn't find IC markets on myfxbook brokers' spread list.
Yeah, it looks pretty OK.

And as for EUR/USD spread (http://www.myfxbook.com/forex-broker-spreads/ic-markets-EURUSD-real-spread/819,1), the following really speaks for itself:

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fwww.donnaforex.com%2Fforum%2Findex.php%3Faction%3Ddlattach%3Btopic%3D5761.0%3Battach%3D14986%3Bimage&hash=40f5068d2bf9cf045293b6c098f8db1a)

Title: Re: IC MARKETS
Post by: adele on July 17, 2012, 01:53:36 PM
Their swaps seem to be on the high side, at least compared to the swaps on AxiTrader Pro. Can someone who has an account on both brokers please verify this? I've sent an email to them asking for an explanation.
Title: Re: IC MARKETS
Post by: bennyfx on July 17, 2012, 02:11:10 PM
They charge triple swap on Wednesday's this is normal as it accounts for weekend holding costs where swap rates are not charged. Most brokers will do this.
Title: Re: IC MARKETS
Post by: robl45 on July 17, 2012, 02:54:28 PM
if they have have positive swap on one leg of eurusd, you are doing okay, a lot of brokers are charging negative on both sides.  i believe ic markets is positive on one side but I don't have the mt4 terminal in front of me to check it now.
Title: Re: IC MARKETS
Post by: adele on July 17, 2012, 02:59:52 PM
if they have have positive swap on one leg of eurusd, you are doing okay, a lot of brokers are charging negative on both sides.  i believe ic markets is positive on one side but I don't have the mt4 terminal in front of me to check it now.

Its negative on both sides. I'm using BearBull's AccountInfo tool to get the info.

Aside from this, however, I like IC Markets. They have tight spreads and good customer service!
Title: Re: IC MARKETS
Post by: s1quash on July 17, 2012, 04:44:07 PM
I want to join the HFT group. May i know where is the link?
Title: IC MARKETS
Post by: HFT Group on July 17, 2012, 11:46:00 PM
You need to contact me directly for access to any of the rebate/commission discount agreements the HFT Group has secured.

To join the HFT Group you simply need to provide your first name and a valid email address.
Title: Re: IC MARKETS
Post by: s1quash on July 18, 2012, 08:47:28 AM
I have sent a pm to you jon :)
Title: Re: IC MARKETS
Post by: HFT Group on July 18, 2012, 12:39:17 PM
I have sent a pm to you jon :)

Information has been PM'd to you. ;)
Title: Re: IC MARKETS
Post by: HFT Group on July 18, 2012, 12:41:20 PM
Contacted ICM today regarding the swaps and here is the response:


It is possible to have a negative swap for both long and short positions on the same currency pair. When the interest rate difference between the base and the term currency is slim and they are both close to zero % (interest rates), a negative can occur after the broker/prime brokers mark-up is applied. With the recent drop in interest rates in the Eurozone this has brought the difference between the Eurozone and the US closer together..

 

We will assess the swaps on all currencies on our platform and make any amendments necessary prior to the rolls tomorrow morning.
Title: Re: IC MARKETS
Post by: HFT Group on July 18, 2012, 12:45:55 PM
ICM are in the process of making the $5.50 discounted commission charge available to accounts funded in all the supported funding currencies.

I will post when this has been completed together with a list of the supported account currencies.
Title: Re: IC MARKETS
Post by: s1quash on July 18, 2012, 02:25:07 PM
I have just opened an account there. Just waiting to fund it. Thanks.
Title: Re: IC MARKETS
Post by: CADENCETRADER on July 19, 2012, 02:31:48 AM
I just installed Forex Envy on my 2nd ICM account. All the responses in the FXenvy thread were really interesting. I will keep you all updated.
Title: IC MARKETS
Post by: JonPierre on July 19, 2012, 06:09:32 AM
Hi everyone,

I've been following this forum for some time now and have come to the point that im in the process of opening an account with IC Markets which is great except for one thing that i noticed while reading the Product Disclosure Statement.  At the end of the first column on page 6 i noticed something that gave me a bit of concern about the individual funds being at risk with no protection being in the segregated trust account.  Please correct me if I am wrong as I am trying to understand this, it states the individual funds are at risk if another client causes a default.  Does that mean that I (or us) the individual client will have to pay for someone else's mistake? 
Here is text from the passage...

You should be aware that, for client moneys trust accounts:

Individual client accounts are not separated from each other.

All clients’ moneys are combined into one account.

Moneys in the client moneys trust account which belong to non- defaulting Clients are potentially at risk of being withdrawn and not being re-paid to the Client even though they did not cause the default. This is because IC Markets may use the moneys to pay itself for its hedge of your CFD (See section 4.21). Also, IC Markets is permitted by law to use client moneys in the client moneys trust account to meet obligations incurred by IC Markets in connection with margining, guaranteeing, securing, transferring, adjusting or settling dealings in derivatives.


Everything else seemed ok except this .... not sure if im reading it right, just a little concerned... what do you guys think?


Title: Re: IC MARKETS
Post by: 3827 on July 19, 2012, 08:38:35 AM
Hmm, interesting. Thanks for bringing up.

 :)

Hi everyone,

I've been following this forum for some time now and have come to the point that im in the process of opening an account with IC Markets which is great except for one thing that i noticed while reading the Product Disclosure Statement.  At the end of the first column on page 6 i noticed something that gave me a bit of concern about the individual funds being at risk with no protection being in the segregated trust account.  Please correct me if I am wrong as I am trying to understand this, it states the individual funds are at risk if another client causes a default.  Does that mean that I (or us) the individual client will have to pay for someone else's mistake? 
Here is text from the passage...

You should be aware that, for client moneys trust accounts:

Individual client accounts are not separated from each other.

All clients’ moneys are combined into one account.

Moneys in the client moneys trust account which belong to non- defaulting Clients are potentially at risk of being withdrawn and not being re-paid to the Client even though they did not cause the default. This is because IC Markets may use the moneys to pay itself for its hedge of your CFD (See section 4.21). Also, IC Markets is permitted by law to use client moneys in the client moneys trust account to meet obligations incurred by IC Markets in connection with margining, guaranteeing, securing, transferring, adjusting or settling dealings in derivatives.


Everything else seemed ok except this .... not sure if im reading it right, just a little concerned... what do you guys think?
Title: Re: IC MARKETS
Post by: 3827 on July 19, 2012, 09:33:16 AM
Thanks for the info, Kevin.

Well, maybe jonpearce can contact ICM and clarify this matter to us.

 ;)

Quote
This is because IC Markets may use the moneys to pay itself for its hedge of your CFD (See section 4.21)

This to me is the key line from above...

This would point to IC Markets running a b-book. I am unfamiliar with their product offering but do believe they offer both ECN and fixed spread and market marker accounts. If that is the case then the fact they trade against their clients on certain account types is already 'obvious', but if they only offer this True ECN there is an issue here for sure.

On the default clause: As forex is classified as a CFD or contract for difference in many jurisdictions it is lumped together with many other types of trade-able products, some of which can land the trader in a negative margin situation. So if a large depositor went into negative margin, ICM would be liable to their LPs, thus the client's funds account could fall under the total aggregate deposit amount of all their clients. Seeing as most forex platforms do not allow clients to go into negative margin this is not something that should ever happen.

Cheers,
Title: Re: IC MARKETS
Post by: HFT Group on July 19, 2012, 09:36:14 AM
Thanks for the info, Kevin.

Well, maybe jonpearce can contact ICM and clarify this matter to us.

 ;)

Quote
This is because IC Markets may use the moneys to pay itself for its hedge of your CFD (See section 4.21)

This to me is the key line from above...

This would point to IC Markets running a b-book. I am unfamiliar with their product offering but do believe they offer both ECN and fixed spread and market marker accounts. If that is the case then the fact they trade against their clients on certain account types is already 'obvious', but if they only offer this True ECN there is an issue here for sure.

On the default clause: As forex is classified as a CFD or contract for difference in many jurisdictions it is lumped together with many other types of trade-able products, some of which can land the trader in a negative margin situation. So if a large depositor went into negative margin, ICM would be liable to their LPs, thus the client's funds account could fall under the total aggregate deposit amount of all their clients. Seeing as most forex platforms do not allow clients to go into negative margin this is not something that should ever happen.

Cheers,


I have forwarded these posts to ICM and expect a response soon.
Title: Re: IC MARKETS
Post by: loulou69 on July 19, 2012, 11:06:26 AM

On this Company Angus Walker works alone ?

only Angus answers to email  ;)
Title: Re: IC MARKETS
Post by: JonPierre on July 19, 2012, 11:22:11 AM
Sweet thanks Kevin,

Actually emailed IC Markets and angus did ph me and explained to me about this which was pretty much the same as what kevin responded in his post, which i believe all or most brokers use the same model.. don't quote me on that tho... 

so all gude here. all has been explained and cleared by ICM..

Thanks everyone for their response

JP
Title: Re: IC MARKETS
Post by: HFT Group on July 19, 2012, 01:46:28 PM
I don't want to pre-empt anything here until I get a reply from ICM but a phone call to them earlier confirmed the previous post from Jon-Pierre that it is a standard part of the conditions with most brokers.

ICM only offer the True ECN account and a 'standard' type account is available....same ECN feed but with a spread based commission as opposed to a set commission.
Title: Re: IC MARKETS
Post by: 3827 on July 19, 2012, 02:04:01 PM
LOL ... Nonetheless, Angus has been very helpful and responsive.




On this Company Angus Walker works alone ?

only Angus answers to email  ;)
Title: Re: IC MARKETS
Post by: Kevin @ FXPIG on July 20, 2012, 12:24:38 AM

I have removed the post I made in regards to ICMarkets. I had a nice chat with Angus from ICM, and after re-reading my post, especially the 'b-book' comments I must admit I did not word that in the correct manner.

Can a moderator please remove the quoted post as well?

Again my apologies, I am not looking to step on anyone's toes and/or speculate on someone's business.

Hopefully Angus and I will work together in the future as I like his up front and straight forward demeanor.

Cheers,

Title: Re: IC MARKETS
Post by: HFT Group on July 20, 2012, 08:15:43 AM
Thanks for the info, Kevin.

Well, maybe jonpearce can contact ICM and clarify this matter to us.

 ;)

Quote
This is because IC Markets may use the moneys to pay itself for its hedge of your CFD (See section 4.21)

This to me is the key line from above...

This would point to IC Markets running a b-book. I am unfamiliar with their product offering but do believe they offer both ECN and fixed spread and market marker accounts. If that is the case then the fact they trade against their clients on certain account types is already 'obvious', but if they only offer this True ECN there is an issue here for sure.

On the default clause: As forex is classified as a CFD or contract for difference in many jurisdictions it is lumped together with many other types of trade-able products, some of which can land the trader in a negative margin situation. So if a large depositor went into negative margin, ICM would be liable to their LPs, thus the client's funds account could fall under the total aggregate deposit amount of all their clients. Seeing as most forex platforms do not allow clients to go into negative margin this is not something that should ever happen.

Cheers,


I have forwarded these posts to ICM and expect a response soon.


I have received a response from ICM regarding the Terms and Conditions which I copy below:


(Quote)
"IC Markets treat client money in the same fashion as all Forex brokers in Australia. This means the funds sit in a segregated client trust account and are kept separate from company funds. Most brokers globally will have the same policy regarding client money (assuming they are a Grade A broker), they just disclose this differently to clients..

 

"This is because IC Markets may use the moneys to pay itself for its hedge of your CFD (See section 4.21)"

 

"Its hedge of your CFD" refers to the fact that IC Markets takes a hedge trade through its prime broker for your trade. IC Markets will use a clients deposit or part thereof to offset their trades in the underlying market. Forex contracts are considered a CFD by ASIC and are referred to as a CFD through most of the PDS.

 

IC Markets employs risk management practices to prevent clients losing more than their initial deposit. If a client loses more than their initial deposit then IC Markets will cover the loss so that other clients are not exposed to the loss at all. 

 

IC Markets is an ECN broker who does not take risk with client money or its own, this means that their risk is limited to that of its clients. This is different to market makers and companies such as MF Global who used their money as well as clients to take futures positions that eventually lost and brought the business down.

 

As IC Markets is an ASIC regulated broker they are required to disclose their practices and the risks associated with trading in greater detail. This provides greater transparency and more protection for all clients
globally".
(End Quote)


My funds and your funds are as safe, if not safer, with ICM as with any broker with recognised 'Grade A' regulation.


ICM are an ECN broker and pass all orders directly to market. Micro-lot orders (less than 0.1 lots) are aggregated and passed to market at the requested price.

ICM do NOT run a b-book.
Title: Re: IC MARKETS
Post by: s1quash on July 20, 2012, 11:33:44 PM
I had just funded my account at ic markets but this pic makes me think twice, i got this from forexpeacearmy..Jon can please clarify?
http://www.forexpeacearmy.com/forex-forum/attachment.php?attachmentid=5521&d=1338302562
Title: Re: IC MARKETS
Post by: HFT Group on July 21, 2012, 06:15:00 AM
I had just funded my account at ic markets but this pic makes me think twice, i got this from forexpeacearmy..Jon can please clarify?
http://www.forexpeacearmy.com/forex-forum/attachment.php?attachmentid=5521&d=1338302562


Can you PM me the link to the post the image was attached to?

I will then forward the post link to ICM for clarification.
Title: Re: IC MARKETS
Post by: e1vis on July 21, 2012, 06:40:04 AM
I had just funded my account at ic markets but this pic makes me think twice, i got this from forexpeacearmy..Jon can please clarify?
http://www.forexpeacearmy.com/forex-forum/attachment.php?attachmentid=5521&d=1338302562

What is the pic? I can't access it.
Title: Re: IC MARKETS
Post by: robl45 on July 21, 2012, 06:52:55 AM
I had just funded my account at ic markets but this pic makes me think twice, i got this from forexpeacearmy..Jon can please clarify?
http://www.forexpeacearmy.com/forex-forum/attachment.php?attachmentid=5521&d=1338302562

clarify what? nothing looks wrong from that picture.
Title: Re: IC MARKETS
Post by: HFT Group on July 21, 2012, 06:53:23 AM
I had just funded my account at ic markets but this pic makes me think twice, i got this from forexpeacearmy..Jon can please clarify?
http://www.forexpeacearmy.com/forex-forum/attachment.php?attachmentid=5521&d=1338302562

What is the pic? I can't access it.

You have to be a FPA member to login and view the pic  ;)
Title: Re: IC MARKETS
Post by: 3827 on July 21, 2012, 07:10:09 AM
Can you attach the pic and post it in this thread?

I had just funded my account at ic markets but this pic makes me think twice, i got this from forexpeacearmy..Jon can please clarify?
http://www.forexpeacearmy.com/forex-forum/attachment.php?attachmentid=5521&d=1338302562
Title: Re: IC MARKETS
Post by: s1quash on July 21, 2012, 11:20:44 AM
There were gaps and disconnections as well as slippages problems reported on forexpeacearmy as well as ticks lost(onu on forexfactory's IC market thread recorded ticks and revealed this)...thats why most scalpers won't do well here.
Title: Re: IC MARKETS
Post by: ninjaturtle on July 21, 2012, 12:44:47 PM
Can you attach the pic and post it in this thread?

I had just funded my account at ic markets but this pic makes me think twice, i got this from forexpeacearmy..Jon can please clarify?
http://www.forexpeacearmy.com/forex-forum/attachment.php?attachmentid=5521&d=1338302562

there's the picture
Title: Re: IC MARKETS
Post by: HFT Group on July 21, 2012, 02:42:34 PM
Can you attach the pic and post it in this thread?

I had just funded my account at ic markets but this pic makes me think twice, i got this from forexpeacearmy..Jon can please clarify?
http://www.forexpeacearmy.com/forex-forum/attachment.php?attachmentid=5521&d=1338302562

there's the picture


Can someone post or PM me the link to the FPA post the image was attached to?
Title: Re: IC MARKETS
Post by: s1quash on July 21, 2012, 06:08:51 PM
Can you attach the pic and post it in this thread?

I had just funded my account at ic markets but this pic makes me think twice, i got this from forexpeacearmy..Jon can please clarify?
http://www.forexpeacearmy.com/forex-forum/attachment.php?attachmentid=5521&d=1338302562

there's the picture


Can someone post or PM me the link to the FPA post the image was attached to?

You may go to forexpeacearmy then forex brokers then click the ratings(ic markets received 5 stars there) On forexfactory onu discussed ticks lost on live account was too much compared to other brokers...i hope they have fixed this.
Title: Re: IC MARKETS
Post by: HFT Group on July 21, 2012, 11:07:09 PM
Can you attach the pic and post it in this thread?

I had just funded my account at ic markets but this pic makes me think twice, i got this from forexpeacearmy..Jon can please clarify?
http://www.forexpeacearmy.com/forex-forum/attachment.php?attachmentid=5521&d=1338302562

there's the picture


Can someone post or PM me the link to the FPA post the image was attached to?

You may go to forexpeacearmy then forex brokers then click the ratings(ic markets received 5 stars there) On forexfactory onu discussed ticks lost on live account was too much compared to other brokers...i hope they have fixed this.

Found it ok.......thanks.
Looks like a chart gap on 1 minute chart possibly caused by disconnections from what I can see in the log.
Just checked back through the 1 min chart history on my account for NMI SS and couldn't find anything similar but will send the image to ICM for a response.
Title: Re: IC MARKETS
Post by: e1vis on July 21, 2012, 11:19:24 PM
I have noticed odd gaps sometimes when I look back over the 15 mins charts for example. Opening and closing prices not matching up for no reason that I could see. It's not been a major problem for me so far, but I suspect there are indeed occasional disconnections...
Title: Re: IC MARKETS
Post by: HFT Group on July 21, 2012, 11:30:50 PM
I have noticed odd gaps sometimes when I look back over the 15 mins charts for example. Opening and closing prices not matching up for no reason that I could see. It's not been a major problem for me so far, but I suspect there are indeed occasional disconnections...

Yes, you should see the charts on Axi Pro sometimes!

We will see what ICM have to say about it  ;)
Title: Re: IC MARKETS
Post by: robl45 on July 21, 2012, 11:45:32 PM
i wouldn't be jumping the gun, there are many reasons something like this could happen, and I doubt its the broker doing anything.  I've been with 3 brokers over the past year.  Hotforex would be down many times, and they definately are have like 3 times less ticks than other brokers, but they aren't necessarily cheating.  Tradersway who i'm with for the time being has plenty of ticks but they have disconnection problems as well.  Collective FX was damn near perfect but the spreads were high for what they are charging.  But the only time they were down was when their liquidity provider had problems or their was a major catastrophe and these guys were on top of it and responded to emails unlike other places.
Title: Re: IC MARKETS
Post by: s1quash on July 22, 2012, 12:06:10 AM
I think its the fault of their server..the server needs to be fast and big to accommodate the influx of traders it is receiving. IC markets should not let this be the reason their business to go under You may check onu on forexfactory. He checked and recorded its incoming tick..many were lost according to him. Its on the live account.
Title: Re: IC MARKETS
Post by: robl45 on July 22, 2012, 12:22:13 AM
everyone reports slippage, and always think its a problem, slippage happens in forex, IMHO alot of it shouldn't happen but thats an issue with the forex market as a whole.  Collective had lots of slippage and they definately didn't fool with peoples trades.  Hotforex didn't have any slippage on TP and SL but they are basically a marketmaker.

the ticks lost could be a server issue.  traders way has major server issues that can't keep up with high volume trading.  However from everything i've seen, they are as good as anyone else out there, probably up in the top 5, although their liquidity seems to be light.
Title: Re: IC MARKETS
Post by: s1quash on July 22, 2012, 12:36:42 AM
I really think ic markets should invest more for their server to retain customers. Many would flee if they do not fix this soon. Check 1m chart more often. There were many unexplained gaps when comparing them to another broker.
Title: Re: IC MARKETS
Post by: HFT Group on July 22, 2012, 12:41:51 AM
I really don't believe it is a server issue as the execution times I see with tick scalpers are as good as I have seen anywhere. You only need to read the Envy posts from BearBull regarding his execution times with Envy on ICM to confirm this.

As Kevin from FXPIG has taught us, slippage is a fact of life and the sign of a true ECN broker.
Title: Re: IC MARKETS
Post by: kimbo on July 22, 2012, 08:06:06 AM
I opened and Funded a new account with IC Markets last and I just had a read of this thread so I decided so share some of my thoughts. I have been with a few brokers over the past 3 years and found that in most cases tick loss is due to the quality of the connection between your machine and the brokers server. During the short time that I have been with them I have not seen much tick loss at all. I have been very happy with them, their spreads are tight their order execution speed is the best out of any broker that I have ever used.
Title: Re: IC MARKETS
Post by: bennyfx on July 22, 2012, 12:55:57 PM
everyone reports slippage, and always think its a problem, slippage happens in forex, IMHO alot of it shouldn't happen but thats an issue with the forex market as a whole.  Collective had lots of slippage and they definately didn't fool with peoples trades.  Hotforex didn't have any slippage on TP and SL but they are basically a marketmaker.

the ticks lost could be a server issue.  traders way has major server issues that can't keep up with high volume trading.  However from everything i've seen, they are as good as anyone else out there, probably up in the top 5, although their liquidity seems to be light.

I do not believe that lost ticks is a server issue at all, I have conducted lengthy analysis on three of my broker accounts and discovered that lost ticks a primarily due to an individuals internet connection. I suggest that if you are serious about trading you get a good internet connection or simply run your platforms on a VPS.

Personally I use CNS and have a business grade internet connection, lost ticks are a thing of the past for me. Before jumping to conclusions and blaming you broker check your internet connection and speed or just spend some money and get a VPS.
Title: Re: IC MARKETS
Post by: 3827 on July 22, 2012, 01:37:28 PM
What's the speed of your internet connection?



I really think ic markets should invest more for their server to retain customers. Many would flee if they do not fix this soon. Check 1m chart more often. There were many unexplained gaps when comparing them to another broker.
Title: Re: IC MARKETS
Post by: Zar on July 22, 2012, 02:47:22 PM
Any member wanting access to the discounted $5.50 commission charge for the ICM True ECN account need only contact me via PM or email and I will provide the group link.

Hi jonpearce,

Am Envy member and interested in $5.50 commission.

Regards,
Zar
Title: Re: IC MARKETS
Post by: s1quash on July 22, 2012, 05:50:47 PM
I haven't traded with ic yet...all of those were reports from others.
Title: Re: IC MARKETS
Post by: bennyfx on July 23, 2012, 12:30:26 AM
The speed of my connection is 20Mbps. I also have a VPS with CNS, they offer a discount for IC Markets customers if you go through their partnership program. The link is below:

https://cp.commercialnetworkservices.net/cart.php?promocode=ICMARKETS
Title: Re: IC MARKETS
Post by: s1quash on July 23, 2012, 01:47:47 AM
Thanks for the info..will check them out. But my trading account details are not given yet. I had funded on wednesday using cc.
Title: Re: IC MARKETS
Post by: bennyfx on July 23, 2012, 12:31:05 PM
Thanks for the info..will check them out. But my trading account details are not given yet. I had funded on wednesday using cc.

They normally apply funds pretty fast but the first time you fund does take a little longer. Have you contacted them?
Title: Re: IC MARKETS
Post by: HFT Group on July 23, 2012, 12:37:49 PM
Thanks for the info..will check them out. But my trading account details are not given yet. I had funded on wednesday using cc.

They normally apply funds pretty fast but the first time you fund does take a little longer. Have you contacted them?

I PM'd s1quash offering to check on his account funding if he gave me the details, no reply as yet.
Title: Re: IC MARKETS
Post by: HFT Group on July 23, 2012, 12:46:21 PM
There were gaps and disconnections as well as slippages problems reported on forexpeacearmy as well as ticks lost(onu on forexfactory's IC market thread recorded ticks and revealed this)...thats why most scalpers won't do well here.


As previously posted by other members, the lost ticks are due to latency between the clients mt4 and ICM's trading server.
Does having lost ticks affect performance? Not at all. There is no correlation between lost ticks and slippage.


There's also a few posts about ICM's server and disconnections. At the time that post was made on forex peace army ICM had a few disconnections that lasted a couple of minutes. Once they were aware of this they made some updates and haven't seen the problem since.

A clarification regarding microlot orders..........Orders under 0.1 are sent directly to the market. They aren't accepted by all banks so they will sweep the order book until they hit one of ICM's LPs that accepts them.


Title: Re: IC MARKETS
Post by: s1quash on July 23, 2012, 02:05:15 PM
I have received my trading details. Started trading on today's london session. For now all is good. Btw, i'm trading manually.
Title: Re: IC MARKETS
Post by: robl45 on July 23, 2012, 02:44:39 PM
I have received my trading details. Started trading on today's london session. For now all is good. Btw, i'm trading manually.

your trading manually and you had to create this big witchhunt about the broker over some supposed missing ticks based on a post you read elsewhere when the ticks likely won't matter in the slightest?
Title: Re: IC MARKETS
Post by: GoldenBoy on July 23, 2012, 04:03:15 PM
Has anyone ever placed a trade with them during the news time? I just wonder what's their liquidity like when it's a bit volatile.
Title: Re: IC MARKETS
Post by: s1quash on July 23, 2012, 05:49:19 PM
I have received my trading details. Started trading on today's london session. For now all is good. Btw, i'm trading manually.

your trading manually and you had to create this big witchhunt about the broker over some supposed missing ticks based on a post you read elsewhere when the ticks likely won't matter in the slightest?

Ic markets slipped me up to 12(1.2pips) over just a small buy/sell stop order. Pending orders should already be sent to the brokers server and should not have that kind of slippage. Is this normal for an ecn with good liquidity? I am not trading with big lots and most of my trades are in london session.

I have attached my results below. First day was not very good as i made numerous mistakes. I use 2% for all trades(first few trades i used 3%) Need to be more disciplined. So first day 6.32%.
Title: Re: IC MARKETS
Post by: robl45 on July 24, 2012, 01:12:31 AM
I have received my trading details. Started trading on today's london session. For now all is good. Btw, i'm trading manually.

your trading manually and you had to create this big witchhunt about the broker over some supposed missing ticks based on a post you read elsewhere when the ticks likely won't matter in the slightest?

Ic markets slipped me up to 12(1.2pips) over just a small buy/sell stop order. Pending orders should already be sent to the brokers server and should not have that kind of slippage. Is this normal for an ecn with good liquidity? I am not trading with big lots and most of my trades are in london session.

I have attached my results below. First day was not very good as i made numerous mistakes. I use 2% for all trades(first few trades i used 3%) Need to be more disciplined. So first day 6.32%.

who says, you said you used by stop and sell stop orders, those are market orders and can certainly slip.  1.2 pips slippage is really not much.  plus IC markets spreads are very small, sometimes zero but there is not much liquidity usually at those small spreads so a little slippage is expected.
Title: Re: IC MARKETS
Post by: CADENCETRADER on July 24, 2012, 01:16:11 AM
I have received my trading details. Started trading on today's london session. For now all is good. Btw, i'm trading manually.

your trading manually and you had to create this big witchhunt about the broker over some supposed missing ticks based on a post you read elsewhere when the ticks likely won't matter in the slightest?

Ic markets slipped me up to 12(1.2pips) over just a small buy/sell stop order. Pending orders should already be sent to the brokers server and should not have that kind of slippage. Is this normal for an ecn with good liquidity? I am not trading with big lots and most of my trades are in london session.

I have attached my results below. First day was not very good as i made numerous mistakes. I use 2% for all trades(first few trades i used 3%) Need to be more disciplined. So first day 6.32%.

Have you traded before? I just ask this not to be rude but because getting slipped on an order can happen on every trading platform. I have been using these guys for a little while now and have had nothing but good execution. Of course slippage can happen when there is high market volatility, but it is just part and parcel of trading. These guys have the tightest spread around which lends itself to getting the best exectution.
Title: Re: IC MARKETS
Post by: s1quash on July 24, 2012, 01:55:34 AM
I have traded for a while...maybe i would just have to be happy with these guys for quite sometime.
Ecn will slip you if there are no liquidity available at the price you asked.
Title: Re: IC MARKETS
Post by: HFT Group on July 24, 2012, 08:55:45 AM
I have received my trading details. Started trading on today's london session. For now all is good. Btw, i'm trading manually.

your trading manually and you had to create this big witchhunt about the broker over some supposed missing ticks based on a post you read elsewhere when the ticks likely won't matter in the slightest?

Ic markets slipped me up to 12(1.2pips) over just a small buy/sell stop order. Pending orders should already be sent to the brokers server and should not have that kind of slippage. Is this normal for an ecn with good liquidity? I am not trading with big lots and most of my trades are in london session.

I have attached my results below. First day was not very good as i made numerous mistakes. I use 2% for all trades(first few trades i used 3%) Need to be more disciplined. So first day 6.32%.

Slippage is normal on a true ecn feed, especially during periods of low liquidity and major news releases.
With the current Euro uncertainty liquidity was most likely thin during the London session in which you traded.
Title: Re: IC MARKETS
Post by: HFT Group on July 24, 2012, 09:29:25 AM
ICM have reviewed the 'free' CNS vps offer in relation to the discounted commission offer. It is not viable for them to offer both. Accounts receiving the $5.50 discounted commission rate will need to trade 100 r/t lots per month to qualify for the 'free' CNS vps.  Accounts not receiving the discounted commission rate need trade only the stated 20 lots per month.

The HFT Group have been offered an exclusive rate from Beeks vps. This offer ONLY applies to accounts opened through either of the two current broker agreements (ICM True ecn & Axi Pro).

A lifetime discount of 5% off the Bronze plan and 10% off the Silver and Gold plans is available solely to members with trading accounts verified as having been opened through either of the two above mentioned broker agreements.

Details available upon request.

ICM tell me that the $5.50 discounted commission rate should be available for accounts funded in all their supported funding currencies tomorrow.
Title: Re: IC MARKETS
Post by: robl45 on July 24, 2012, 04:02:02 PM
50 lots I could understand, 100 is rediculous. You can get almost same comm rate at fx pig and much much nicer free vps for around the same lots.
Title: Re: IC MARKETS
Post by: saico on July 24, 2012, 05:06:11 PM
I'm trying to open a demo account. Got the MT4 download link from ICM and applied directly via MT4 where I also got account number and pass. Unfortunately MT4 doesnt accept my credentials. What could I do wrong?

Thanks for any help!
Title: Re: IC MARKETS
Post by: HFT Group on July 24, 2012, 08:59:29 PM
50 lots I could understand, 100 is rediculous. You can get almost same comm rate at fx pig and much much nicer free vps for around the same lots.


It really depends on the broker and the bundling deal they have with the vps provider. For example, Axi require 100 lots per month regardless of rebates, Synergy required a $5k minimum account balance etc.
Obviously ICM are cutting it a little fine with the commission discount and the subsidised vps and require 100 lots to justify it.
Remember, a commission discount beats a rebate hands down and the difference in equity remains in the clients account as opposed to the funds going to the broker and a commission being paid to a rebate provider maybe a month later.
Title: Re: IC MARKETS
Post by: bennyfx on July 25, 2012, 07:57:20 AM
30 bucks a month is nothing. With spreads as low as IC Markets offers plus the commission discount you save much more that the cost of the VPS.
Title: Re: IC MARKETS
Post by: robl45 on July 25, 2012, 12:25:49 PM
30 bucks a month is nothing. With spreads as low as IC Markets offers plus the commission discount you save much more that the cost of the VPS.

I guess i'm just more of a realist, when you have commissions thats higher than the competition and then drop it a little lower, thats not that much of a discount, more like coming in line with your competition.  The spreads are very nice I agree, but I still wonder how tradable they are as many times with those zero spreads there is not much liquidity at those points.
Title: IC MARKETS
Post by: e1vis on July 25, 2012, 01:03:05 PM
30 bucks a month is nothing. With spreads as low as IC Markets offers plus the commission discount you save much more that the cost of the VPS.

I guess i'm just more of a realist, when you have commissions thats higher than the competition and then drop it a little lower, thats not that much of a discount, more like coming in line with your competition.  The spreads are very nice I agree, but I still wonder how tradable they are as many times with those zero spreads there is not much liquidity at those points.

My spread went up to around 30 pips for a good few mins on eurcad last night just after rollover. I know spreads widen at that time, but that seems excessive and it cost me.
Title: Re: IC MARKETS
Post by: HFT Group on July 25, 2012, 01:09:18 PM
30 bucks a month is nothing. With spreads as low as IC Markets offers plus the commission discount you save much more that the cost of the VPS.

I guess i'm just more of a realist, when you have commissions thats higher than the competition and then drop it a little lower, thats not that much of a discount, more like coming in line with your competition.  The spreads are very nice I agree, but I still wonder how tradable they are as many times with those zero spreads there is not much liquidity at those points.

Commissions are higher than the competition?
As far as reputable brokers with recognised regulation (Grade A) I find the commission rates very competitive.

Axi Pro, Synergy, Pepperstone etc. all charge a $7.00 commission on their ecn accounts so I would have thought $5.50 a pretty good competitive deal.

You can always go with a broker with unrecognised regulation I guess and save a few dollars. Armada has lower commissions but is not Grade A. Or go with Primus and pay $10  ;) It's really all relative isn't it?
Title: Re: IC MARKETS
Post by: littlemax on July 25, 2012, 01:29:09 PM
I'm seeing positive as well as negative slippage on ICM live account run from CNS NY vps and it appears to be fairly even all up - good sign.
Title: Re: IC MARKETS
Post by: robl45 on July 25, 2012, 02:22:46 PM
30 bucks a month is nothing. With spreads as low as IC Markets offers plus the commission discount you save much more that the cost of the VPS.

I guess i'm just more of a realist, when you have commissions thats higher than the competition and then drop it a little lower, thats not that much of a discount, more like coming in line with your competition.  The spreads are very nice I agree, but I still wonder how tradable they are as many times with those zero spreads there is not much liquidity at those points.

Commissions are higher than the competition?
As far as reputable brokers with recognised regulation (Grade A) I find the commission rates very competitive.

Axi Pro, Synergy, Pepperstone etc. all charge a $7.00 commission on their ecn accounts so I would have thought $5.50 a pretty good competitive deal.

You can always go with a broker with unrecognised regulation I guess and save a few dollars. Armada has lower commissions but is not Grade A. Or go with Primus and pay $10  ;) It's really all relative isn't it?

yes, I suppose if you compare just one jurisdiction.  i'm not saying its a bad deal, its certainly a good deal.  But when you compare to some other brokers, not as much of a discount as it appears to be, but still one of the best deals out there.

BTW, supposedly Armada segregates the money, I'd say they are as grade A as anyone else.  And as I've said before, unless one of these jurisdictions has a plan in place to return investors money like SIPC does for Equities investors, then it really doesn't matter as we just saw with PFG best.
Title: Re: IC MARKETS
Post by: HFT Group on July 25, 2012, 02:34:28 PM
30 bucks a month is nothing. With spreads as low as IC Markets offers plus the commission discount you save much more that the cost of the VPS.

I guess i'm just more of a realist, when you have commissions thats higher than the competition and then drop it a little lower, thats not that much of a discount, more like coming in line with your competition.  The spreads are very nice I agree, but I still wonder how tradable they are as many times with those zero spreads there is not much liquidity at those points.

Commissions are higher than the competition?
As far as reputable brokers with recognised regulation (Grade A) I find the commission rates very competitive.

Axi Pro, Synergy, Pepperstone etc. all charge a $7.00 commission on their ecn accounts so I would have thought $5.50 a pretty good competitive deal.

You can always go with a broker with unrecognised regulation I guess and save a few dollars. Armada has lower commissions but is not Grade A. Or go with Primus and pay $10  ;) It's really all relative isn't it?

yes, I suppose if you compare just one jurisdiction.  i'm not saying its a bad deal, its certainly a good deal.  But when you compare to some other brokers, not as much of a discount as it appears to be, but still one of the best deals out there.

BTW, supposedly Armada segregates the money, I'd say they are as grade A as anyone else.  And as I've said before, unless one of these jurisdictions has a plan in place to return investors money like SIPC does for Equities investors, then it really doesn't matter as we just saw with PFG best.


Armada are not recognised as a Grade A broker due to the fact that their regulation is not recognised as Grade A.

ICM hold clients funds in segregated accounts.
There is an earlier post quoting ICM's policies on the security of clients funds.

PFG best fiasco is just a reflection of the type of regulation  they have over there. They could not even operate over here under ASIC regulation.
Title: Re: IC MARKETS
Post by: robl45 on July 25, 2012, 02:43:46 PM
30 bucks a month is nothing. With spreads as low as IC Markets offers plus the commission discount you save much more that the cost of the VPS.

I guess i'm just more of a realist, when you have commissions thats higher than the competition and then drop it a little lower, thats not that much of a discount, more like coming in line with your competition.  The spreads are very nice I agree, but I still wonder how tradable they are as many times with those zero spreads there is not much liquidity at those points.

Commissions are higher than the competition?
As far as reputable brokers with recognised regulation (Grade A) I find the commission rates very competitive.

Axi Pro, Synergy, Pepperstone etc. all charge a $7.00 commission on their ecn accounts so I would have thought $5.50 a pretty good competitive deal.

You can always go with a broker with unrecognised regulation I guess and save a few dollars. Armada has lower commissions but is not Grade A. Or go with Primus and pay $10  ;) It's really all relative isn't it?

yes, I suppose if you compare just one jurisdiction.  i'm not saying its a bad deal, its certainly a good deal.  But when you compare to some other brokers, not as much of a discount as it appears to be, but still one of the best deals out there.

BTW, supposedly Armada segregates the money, I'd say they are as grade A as anyone else.  And as I've said before, unless one of these jurisdictions has a plan in place to return investors money like SIPC does for Equities investors, then it really doesn't matter as we just saw with PFG best.


Armada are not recognised as a Grade A broker due to the fact that their regulation is not recognised as Grade A.

ICM hold clients funds in segregated accounts.
There is an earlier post quoting ICM's policies on the security of clients funds.

PFG best fiasco is just a reflection of the type of regulation  they have over there. They could not even operate over here under ASIC regulation.

actually last time I checked, Armada is following the mifid or whatever its called so they should be grade A, and PFG best was Grade A according to this site.  Anyway, don't want to argue about it,   IC markets seems to be a great broker, but I honestly don't think we can say Armada is any worse at this point.
Title: Re: IC MARKETS
Post by: 3827 on July 25, 2012, 02:44:53 PM
I have wrote to Armada Markets and their CEO in many occasions to prove me that clients' funds are held in segregated account and they just can't prove it as they claimed.

 :D
Title: Re: IC MARKETS
Post by: flatour on July 25, 2012, 06:58:28 PM
Hi,
Any feedback about SCALPING at IC Market?
If I remember well ICM is very good but not that good for scalping?
Thanks
Title: IC MARKETS
Post by: e1vis on July 25, 2012, 07:36:38 PM
Hi,
Any feedback about SCALPING at IC Market?
If I remember well ICM is very good but not that good for scalping?
Thanks

See my post above regarding spreads on a EURCAD trade last night which cost me. The 15m bar low price was about 25 pips lower than the pepperstone price. 
Title: Re: IC MARKETS
Post by: canfx1 on July 25, 2012, 08:24:25 PM
Hi,
Any feedback about SCALPING at IC Market?
If I remember well ICM is very good but not that good for scalping?
Thanks

See my post above regarding spreads on a EURCAD trade last night which cost me. The 15m bar low price was about 25 pips lower than the pepperstone price.

Most brokers have increased spreads at rollover for exotics. So Asian scalping EA's will not work. If anyone has experience with Manual scalping at ICM, please give feedback.
Title: Re: IC MARKETS
Post by: robl45 on July 25, 2012, 11:26:11 PM
did demo account stop for anyone else?
Title: IC MARKETS
Post by: HFT Group on July 25, 2012, 11:58:09 PM
Please be aware that ICM demo accounts run off a shared server in Boston.
Title: Re: IC MARKETS
Post by: bennyfx on July 26, 2012, 08:06:04 AM
Testing on live account with a small balance is always the best. Demo servers tend to have less robust hardware than live servers. 
Title: Re: IC MARKETS
Post by: robl45 on July 26, 2012, 01:43:57 PM
who's testing, i'm just watching the spreads.  I know demos can have a hiccup, but usually you would be kept informed.  Thats one thing I miss about the collective.  They kept you informed of everything,  they told you a week or two in advance that the demo server might fail before they replaced it.
Title: Re: IC MARKETS
Post by: charleslimuk on July 26, 2012, 03:52:43 PM
Yes, Demo account server did stop late last week twice.
Title: Re: IC MARKETS
Post by: crazycat on July 27, 2012, 08:18:42 AM
They told me that did an severer upgrade to handle the huge growth they are having. 
Title: Re: IC MARKETS
Post by: HFT Group on July 29, 2012, 09:22:02 AM
A friendly warning to any ICM clients that decided to go with Cashin Forex or Forextown as their rebate provider instead of taking the $1.50 discount through the forum offer.

Your $2.00 rebates are now $1.00 rebates!

This appears to be a common ploy by some rebate providers to entice members in with the promise of unrealistic rebates only to reduce them to a lower level later.

We have seen this before and no doubt will see it again.....
Buyer Beware!

A $1.50 commission discount beats a $1.00 rebate hands down.
Title: Re: IC MARKETS
Post by: zuk156 on July 29, 2012, 06:07:28 PM
What is margin stop out level for ICM?
Title: Re: IC MARKETS
Post by: Zuttasoxx on July 29, 2012, 10:36:50 PM
A friendly warning to any ICM clients that decided to go with Cashin Forex or Forextown as their rebate provider instead of taking the $1.50 discount through the forum offer.

Your $2.00 rebates are now $1.00 rebates!

This appears to be a common ploy by some rebate providers to entice members in with the promise of unrealistic rebates only to reduce them to a lower level later.

We have seen this before and no doubt will see it again.....
Buyer Beware!

A $1.50 commission discount beats a $1.00 rebate hands down.

thought it always was 1 usd for true ecn
Title: IC MARKETS
Post by: HFT Group on July 29, 2012, 10:39:20 PM
Cashin forex and Forextown initially offered a $2.00 rebate, it has been reduced to $1.00.
Title: IC MARKETS
Post by: HFT Group on July 29, 2012, 11:05:44 PM
What is margin stop out level for ICM?

Stop out level is 100% ($0.00 free margin).
Title: Re: IC MARKETS
Post by: robl45 on July 29, 2012, 11:45:47 PM
What is margin stop out level for ICM?

Stop out level is 100% ($0.00 free margin).

you sure?  usually its much lower than that like 20-50%
Title: IC MARKETS
Post by: HFT Group on July 30, 2012, 12:08:58 AM
What is margin stop out level for ICM?

Stop out level is 100% ($0.00 free margin).

you sure?  usually its much lower than that like 20-50%


That info came from ICM so yes, it is correct. Once your free margin reaches $0.00, ie. you have used  100% of the available  equity in your account, you get a margin call.
Title: Re: IC MARKETS
Post by: MarkyT on July 30, 2012, 02:56:16 AM
What is margin stop out level for ICM?

Stop out level is 100% ($0.00 free margin).

you sure?  usually its much lower than that like 20-50%


That info came from ICM so yes, it is correct. Once your free margin reaches $0.00, ie. you have used  100% of the available  equity in your account, you get a margin call.

I can certainly confirm that as I have a real account with them. Stop out is 100%
Title: Re: IC MARKETS
Post by: robl45 on July 30, 2012, 03:21:25 AM
What is margin stop out level for ICM?

Stop out level is 100% ($0.00 free margin).

you sure?  usually its much lower than that like 20-50%


That info came from ICM so yes, it is correct. Once your free margin reaches $0.00, ie. you have used  100% of the available  equity in your account, you get a margin call.

yes, margin call is usually 100-200%, but thats usually that you cannot open any more trades, stop out is when trades get closed out and that is usually lower.
Title: IC MARKETS
Post by: HFT Group on July 30, 2012, 03:48:04 AM
The question asked was in relation to the stop out level so I will reclarify this by saying the stop out level is 100%.
Title: Re: IC MARKETS
Post by: HFT Group on July 30, 2012, 07:42:59 AM
IC Markets has now extended the commission discount for forum members on the True ECN account, to all supported trading account funding currencies.

Below is a list of the supported account funding currencies with the discounted commission rate per full lot round trip.


AUD - 5.50

USD - 5.50

EUR - 4.60

GBP - 3.70

SGD - 7.00

Please contact me for the link to access the discounted commission rate.
Title: Re: IC MARKETS
Post by: loulou69 on July 30, 2012, 10:34:03 AM
what time Ic Markets opens the sunday ?
Title: Re: IC MARKETS
Post by: HFT Group on July 30, 2012, 10:44:27 AM
what time Ic Markets opens the sunday ?


21.00 GMT
Title: Re: IC MARKETS
Post by: bennyfx on July 31, 2012, 12:13:10 AM
I heard that they will be offering Index CFDs and stocks on their Metatrader 4 True ECN Trading platform next week. Can anyone confirm this?
Title: Re: IC MARKETS
Post by: HFT Group on August 01, 2012, 08:08:03 AM
I heard that they will be offering Index CFDs and stocks on their Metatrader 4 True ECN Trading platform next week. Can anyone confirm this?


This is correct. ICM should be offering them on live True ECN accounts next week.
Title: Re: IC MARKETS
Post by: robl45 on August 01, 2012, 12:24:34 PM
Does anyone know

what are the fees for funding the account? do they charge for deposits or withdrawals?  assuming wire transfers here.

How long can you keep an account open without funding it?
Title: Re: IC MARKETS
Post by: HFT Group on August 01, 2012, 12:37:05 PM
Does anyone know

what are the fees for funding the account? do they charge for deposits or withdrawals?  assuming wire transfers here.

How long can you keep an account open without funding it?


There are no fees for bank wire deposits and withdrawals other than what your bank normally charges.

You do not receive your trading account details until you have funded your account. So if you didn't fund it all you would have is an approved account application.
Title: Re: IC MARKETS
Post by: bennyfx on August 02, 2012, 07:11:50 AM
I see that they have CFDs up and running on demo accounts now.
Title: Re: IC MARKETS
Post by: bearnakedbull on August 02, 2012, 03:52:42 PM
Anyone have success with MDP today?

Bad slippage with SS today, might give up on using it at this broker.
Title: Re: IC MARKETS
Post by: flatour on August 02, 2012, 04:40:01 PM
My scalpers resulted in a blood bath at ICMarkets
I have not yet checked logs and details, but I think ICM is good but not for scalping
Title: IC MARKETS
Post by: HFT Group on August 02, 2012, 10:55:14 PM
If you read back through earlier posts you will see that the ICM feed may not be ideal for the current breed of tick scalpers.
The appeal comes from the tight spreads that suit many other trading strategies not dependent on minimal slippage on thin liquidity spikes.
Title: Re: IC MARKETS
Post by: bennyfx on August 02, 2012, 11:55:36 PM
I have never had any slippage issues that I would regard as abnormal for an ECN broker.
Title: Re: IC MARKETS
Post by: proscalp on August 03, 2012, 06:38:26 AM
Hello,
Does ICmarkets offer trading on

Dax (Germany), Dow Jones (USA), SMI (Switzerland), CAC (France), FTSE (UK), S&P 500 (USA), NASDAQ (USA), Euro Stoxx (Europe), Ibex (Spain), Nikkei (Japan) and XAU/USD ( gold) and XAG/USD (silver) ?

Thanks
Title: Re: IC MARKETS
Post by: cb75 on August 03, 2012, 06:47:39 AM
Hello,
Does ICmarkets offer trading on

Dax (Germany), Dow Jones (USA), SMI (Switzerland), CAC (France), FTSE (UK), S&P 500 (USA), NASDAQ (USA), Euro Stoxx (Europe), Ibex (Spain), Nikkei (Japan) and XAU/USD ( gold) and XAG/USD (silver) ?

Thanks

 The demo account shows all the instruments that "Classicfond" trades, whether or not they are tradeable is another question? Some instruments have limited and sporadic data, not sure if they are going live with them.
Title: Re: IC MARKETS
Post by: JJ-FX on August 03, 2012, 10:32:59 AM
I hope IC Markets' back office is just overstretched because the are growing faster than planned. They misplaced a deposit I made two weeks ago (it was a small one, but size of deposit shouldn't matter) and I'm arguing with them since then to get the money transferred to the right account.
Title: Re: IC MARKETS
Post by: bennyfx on August 04, 2012, 02:50:04 AM
These are the CFDs that they have on their demo account


AUS200 =Australia 200 Index
JP225 = Japan 225 Index
UK100 = UK 100 Index
STOXX50 = EU Stocks 50 Index
US500 = US SPX 500 Index
US2000 = US Small Cap 2000 Index
USTEC = US Tech 100 Index
US30 = US Wall Street Index 30
DE30 = Germany 30 Index
F40 = France 40 Index
HK40 = Hong Kong 40 Index
IT40 = Italy 40 Index
ES35    = Spain 35 index
BRENT = Brent Crude Oil Futures
WTI = WTI Crude Oil Futures
DX = US Dollar Index
VX = US Volatility Index
Title: Re: IC MARKETS
Post by: flatour on August 04, 2012, 05:11:30 AM
Thanks, I need these

Dax (Germany), Dow Jones (USA), SMI (Switzerland), CAC (France), FTSE (UK), S&P 500 (USA), NASDAQ (USA), Euro Stoxx (Europe), Ibex (Spain), Nikkei (Japan)

I think of for most (FTSE=UK100, NASDAQ=US Tech 100 Index, etc?)

No SMI (Switzerland) ?
Title: Re: IC MARKETS
Post by: issteven on August 04, 2012, 08:44:37 AM
when will  ICmkarets implmement  USD moneybookers funding?  AUD funding makes huge discount from both moneybookers and ICmarkets.
Title: Re: IC MARKETS
Post by: crazycat on August 04, 2012, 11:19:32 AM
My account is in USD, I funded it by wire transfer.
Title: Re: IC MARKETS
Post by: bennyfx on August 04, 2012, 03:19:41 PM
I think that they will launch multi-currency funding via moneybookers shortly. I have discussed this with them myself and they said that they are in the process of implementing it.
Title: Re: IC MARKETS
Post by: bennyfx on August 05, 2012, 01:02:00 PM
Thanks, I need these

Dax (Germany), Dow Jones (USA), SMI (Switzerland), CAC (France), FTSE (UK), S&P 500 (USA), NASDAQ (USA), Euro Stoxx (Europe), Ibex (Spain), Nikkei (Japan)

I think of for most (FTSE=UK100, NASDAQ=US Tech 100 Index, etc?)

No SMI (Switzerland) ?

Yes, it seems like the Swiss index is not on the list. I agree that this is an important index and should be added. I will talk to them about this, hopefully they will add it.
Title: Re: IC MARKETS
Post by: petersurrey on August 05, 2012, 01:40:23 PM
I hope IC Markets' back office is just overstretched because the are growing faster than planned. They misplaced a deposit I made two weeks ago (it was a small one, but size of deposit shouldn't matter) and I'm arguing with them since then to get the money transferred to the right account.

I had similar experience with a very small GBP wire deposit, which took nearly a week to find its way into my account. To put this in perspective AXI Pro deposit within 12 hours! So something needs to change at ICM to give their clients more confidence, with foreign currency deposits at least. This is one my main measures for a broker - if there are any delays with deposits or withdrawals the alarm bells start ring. On the plus side I made enquires about their set up after the PFG episode, and they advised that they are independently audited 4 times per year which is reassuring..
Title: Re: IC MARKETS
Post by: robl45 on August 06, 2012, 12:02:34 AM
has anyone used armada and IC markets, trying to decide which one to fund.  IC has lower spreads, but if they slip, not really that great. Armada has lower commissions which will be cheaper if IC is going to slip.  if they really can execute at the 0 and .10 spreads they have a lot then it would be worth it.
Title: Re: IC MARKETS
Post by: flatour on August 06, 2012, 12:24:50 AM
Hi,
A question about ICmarkets,
I plan to trade there in the night (after NY before asian session)
I noticed spreads are VERY BAD this moment, is it normal?
At Pepperstone they are very good

In the day no problem Icmarket's spreads are good

Thanks
Title: Re: IC MARKETS
Post by: bennyfx on August 06, 2012, 08:01:34 AM
What time was this taken?
Title: Re: IC MARKETS
Post by: flatour on August 06, 2012, 08:05:14 AM
About 2AM Paris time, and it was like that even a few hours after
Is it normal due to night? Only Pepper is good while night?
Title: Re: IC MARKETS
Post by: bennyfx on August 06, 2012, 08:16:25 AM
This is very unusual, perhaps there was a problem with myfxbook as I have a spread monitor running and it did not pick-up any unusual activity. The only time spreads get slightly wider are around End of Day, this is normal for ECN brokers. 
Title: Re: IC MARKETS
Post by: flatour on August 06, 2012, 08:20:23 AM
Ok, I will monitor it tonight, I wait before funding Pepper
Theoretically, I should have about the same, and maybe better than Pepper, everytime?
Thanks
Title: Re: IC MARKETS
Post by: HFT Group on August 06, 2012, 08:28:19 AM
FX Intel gives you historical data for spreads.

http://www.fxintel.com/ (http://www.fxintel.com/)
Title: Re: IC MARKETS
Post by: Whaley on August 06, 2012, 09:03:25 AM
has anyone used armada and IC markets, trying to decide which one to fund.  IC has lower spreads, but if they slip, not really that great. Armada has lower commissions which will be cheaper if IC is going to slip.  if they really can execute at the 0 and .10 spreads they have a lot then it would be worth it.

I've used Armada for couple of months now. Slippage is absolutely minimum, also during volatile times. They have also positive slippage. I'm running currently Shark7 there. About IC markets I don't know much. Maybe somebody else can comment on them?
Title: Re: IC MARKETS
Post by: bennyfx on August 06, 2012, 12:39:16 PM
A true ECN broker will have both positive and negative slippage. I have not had any slippage  problems with IC Markets, so far that is. I am running Envy and a few other EA's.
Title: Re: IC MARKETS
Post by: Josef on August 06, 2012, 03:19:39 PM
IC markets uses the symbol code EURUSDi for EURUSD, correct?

Title: Re: IC MARKETS
Post by: flatour on August 06, 2012, 03:23:57 PM
For ECN, yes, for normal account, no
Title: Re: IC MARKETS
Post by: proscalp on August 06, 2012, 05:01:45 PM
According to http://www.myfxbook.com/forex-broker-spreads , ICMarkets spread is not that good
Only very good on EUR USD
Would be good some efforts on other pairs, please
Fxpig, Pepperstone, FxOpen, Armada, Lmax, are systematically better
Thank you
Title: Re: IC MARKETS
Post by: proscalp on August 07, 2012, 12:56:11 AM
Hello,
I checked again, spread are better this night, yesterday that was or an exceptionnal problem at ICM or a problem on myfxbook
BUT, spreads are not this good compared to FXPig ! ICM a little effort, please!
Title: Re: IC MARKETS
Post by: bennyfx on August 07, 2012, 02:40:53 AM
IC Markets has the big advantage of having no stop-loss or take-profit order distance restrictions, full-market depth and one click module, minimal slippage, NY4 server location, Index CFDs and being ASIC regulated. This is why they are an "A Grade" broker.

I am sure both FXOpen and FXPig are good brokers however FXPig does not even have a phone number on their site and are regulated as an FSP in New Zealand which is not an "A Grade" jurisdiction. FXOpen are just another Russian company, no more needs to be said about this. 

If you would like to deal with a secure Australian broker who uses with AAA rated banks and is regulated by a world class regulatory body, in my opinion there is really only one choice.
Title: Re: IC MARKETS
Post by: odysseus11 on August 07, 2012, 03:19:16 AM
I have had excellent experiences so far with IC Markets.
Title: Re: IC MARKETS
Post by: trader578 on August 07, 2012, 04:11:58 AM
There seems to be a problem with IC Markets demo server today.  I can't open new demo account.   ::)
Title: Re: IC MARKETS
Post by: bennyfx on August 07, 2012, 04:51:20 AM
There seems to be a problem with IC Markets demo server today.  I can't open new demo account.   ::)

The Demo seems to be working fine for me, you should call or email their support team and may be able to help you.
Title: Re: IC MARKETS
Post by: HFT Group on August 07, 2012, 08:40:51 AM
IC Markets has the big advantage of having no stop-loss or take-profit order distance restrictions, full-market depth and one click module, minimal slippage, NY4 server location, Index CFDs and being ASIC regulated. This is why they are an "A Grade" broker.

I am sure both FXOpen and FXPig are good brokers however FXPig does not even have a phone number on their site and are regulated as an FSP in New Zealand which is not an "A Grade" jurisdiction. FXOpen are just another Russian company, no more needs to be said about this. 

If you would like to deal with a secure Australian broker who uses with AAA rated banks and is regulated by a world class regulatory body, in my opinion there is really only one choice.


Plus you can trade 0.01 lot sizes  ;)
Title: Re: IC MARKETS
Post by: bennyfx on August 07, 2012, 01:03:08 PM
Also they let you open an account with USD $200
Title: Re: IC MARKETS
Post by: crashev on August 07, 2012, 01:09:48 PM
I wonder why some ppl claim IC markets are not good for tick scalpers - from what I have read so far in this thread, eveyrthing is very good for such strategies. One thing we can be missing here is how spreads behave in high volatility maybe it jumps like crazy... ?

What tick scalpers do You ppl fail to run on this broker ?
Title: Re: IC MARKETS
Post by: Josef on August 07, 2012, 01:13:43 PM
I also don't understand. According to myfxbook their spreads are one of the best. The commission is also low, and I also found a few positive comments regarding execution time and slippage.

That should be a perfect combination for tick scalpers!  :P
Title: Re: IC MARKETS
Post by: flatour on August 07, 2012, 01:28:49 PM
If you compare to all brokers, sometimes fxpig or pepper are better,
But if you compare with well-regulated brokers, only sometimes pepper is better (and never on eurusd)
So, overall, I think one of the best well-regulated broker

Josep, does your NMI and No1 work on it? I seriously doubt (maybe because they don't b-book, are good broker, ect)
Title: Re: IC MARKETS
Post by: FXOpen_Andrew on August 07, 2012, 11:20:25 PM
I am sure both FXOpen and FXPig are good brokers however FXPig does not even have a phone number on their site and are regulated as an FSP in New Zealand which is not an "A Grade" jurisdiction. FXOpen are just another Russian company, no more needs to be said about this. 

FXOpen AU recently launched in Australia and is regulated by ASIC.  This is "A Grade" jurisdiction.  Please see http://www.donnaforex.com/forum/index.php?topic=6390.0 for more details.
Title: Re: IC MARKETS
Post by: crazycat on August 08, 2012, 05:11:16 AM
It looks like they have released CFDs - see below

http://news.yahoo.com/ic-markets-launches-cfds-market-leading-metatrader-4-145119308.html

I would have to say that since IC Markets now have Index CFDs on its True ECN platform they would have one of the best Metatrader 4 setups in the world.
Title: Re: IC MARKETS
Post by: jurne on August 08, 2012, 06:49:26 AM
Does IC markets have iphone trading platform?
I emailed them 3 days ago but with no reply.
Title: Re: IC MARKETS
Post by: bennyfx on August 08, 2012, 07:33:00 AM
Yes they do. You can get it from the itunes store.
Title: Re: IC MARKETS
Post by: jurne on August 08, 2012, 08:08:03 AM
Can u send me a link to download it? I have search app store but i can't find.
I use Metaquotes app but can't find the server.
Title: Re: IC MARKETS
Post by: bennyfx on August 09, 2012, 04:01:55 AM
It is in the APP store just search for "IC Markets". The Metaquotes app is also very good (this is what I use also). If you use this app you need to type in the IP address of their servers which are:

Live : 38.76.4.30:443
Demo : 208.118.225.210:443

Hope this helps.
Title: Re: IC MARKETS
Post by: proscalp on August 09, 2012, 04:17:10 AM
Hello, a few questions

1) do you know how the swap is calculated at IC Markets?
I held for 3 days a SELL on AUDUSD, 0,33 lots, I got 9,46USD swap

According to http://www.forexoma.com/forex-calculators-position-size-pip-value-margin-swap-and-profit-calculator/ should be 0,90

And so on for each swap, another example, and AUDNZD 0,05 lot sell for less than 24 hours, I got 1,10usd swap ! According to the previous link should be 0,14

But as I am not really used to that maybe I make mistake

2) Are their commissions calculated per lot or notional?
If I am under a 7$ per lot RT (example), do I pay 7$ either I buy or sell GBPUSD or USDCAD ?
Or do I pay 7GBP for 1 lot, so 10,5 USD ?!

3) Have you ever had "partial fills" for "big" 1-2-10 lots trades ? (never had just asking)

Thank you
Title: Re: IC MARKETS
Post by: HFT Group on August 09, 2012, 10:04:21 AM
Hello, a few questions

1) do you know how the swap is calculated at IC Markets?
I held for 3 days a SELL on AUDUSD, 0,33 lots, I got 9,46USD swap

According to http://www.forexoma.com/forex-calculators-position-size-pip-value-margin-swap-and-profit-calculator/ should be 0,90

And so on for each swap, another example, and AUDNZD 0,05 lot sell for less than 24 hours, I got 1,10usd swap ! According to the previous link should be 0,14

But as I am not really used to that maybe I make mistake

2) Are their commissions calculated per lot or notional?
If I am under a 7$ per lot RT (example), do I pay 7$ either I buy or sell GBPUSD or USDCAD ?
Or do I pay 7GBP for 1 lot, so 10,5 USD ?!

3) Have you ever had "partial fills" for "big" 1-2-10 lots trades ? (never had just asking)

Thank you


I have contacted ICM regarding swaps and will post a reply as soon as I receive a response.
Title: Re: IC MARKETS
Post by: HFT Group on August 09, 2012, 10:45:38 AM
Hello, a few questions

1) do you know how the swap is calculated at IC Markets?
I held for 3 days a SELL on AUDUSD, 0,33 lots, I got 9,46USD swap

According to http://www.forexoma.com/forex-calculators-position-size-pip-value-margin-swap-and-profit-calculator/ should be 0,90

And so on for each swap, another example, and AUDNZD 0,05 lot sell for less than 24 hours, I got 1,10usd swap ! According to the previous link should be 0,14

But as I am not really used to that maybe I make mistake

2) Are their commissions calculated per lot or notional?
If I am under a 7$ per lot RT (example), do I pay 7$ either I buy or sell GBPUSD or USDCAD ?
Or do I pay 7GBP for 1 lot, so 10,5 USD ?!

3) Have you ever had "partial fills" for "big" 1-2-10 lots trades ? (never had just asking)

Thank you


I have contacted ICM regarding swaps and will post a reply as soon as I receive a response.


I have received a reply from ICM as follows:


In the clients example the calculation would be

Volume X swap X number of days

0.33 X -13.6 X 3 = -13.46

The website they have referenced is not correct since we go off the libor rate...

Our commission is per lot.

Our Mt4 bridge can handle partial fills, however, instead of returning a partially filled trade to MT4 it will sweep the order book at Integral until the whole order is filled. This means clients can be filled on large tickets with one order.


Title: Re: IC MARKETS
Post by: proscalp on August 09, 2012, 11:02:10 AM
Thanks Jon, that is strange, don't you think 10USD for a 3 day 0,33 position is a lot?
Is it same at every broker? Do they make (big) margin on it?
I'm lost, I'm astonished all the more as they have good reputation, probably I am making mistake?

I don't know if you can make further investigations, but this is probably very important for Forex Envy users as their positions can be held for days, weeks

Thank you very much
Title: Re: IC MARKETS
Post by: bennyfx on August 09, 2012, 11:21:42 AM
Thanks Jon, that is strange, don't you think 10USD for a 3 day 0,33 position is a lot?
Is it same at every broker? Do they make (big) margin on it?
I'm lost, I'm astonished all the more as they have good reputation, probably I am making mistake?

I don't know if you can make further investigations, but this is probably very important for Forex Envy users as their positions can be held for days, weeks

Thank you very much

I have a reasonably size account with IC and I also use Envy. I don't think that their swap are too much different to what other A grade brokers that I also have accounts with charge.

In fact if you factor in their low spreads and low commission rates they are the cheapest of the lot.
Title: Re: IC MARKETS
Post by: robl45 on August 09, 2012, 12:28:51 PM
Hello, a few questions

1) do you know how the swap is calculated at IC Markets?
I held for 3 days a SELL on AUDUSD, 0,33 lots, I got 9,46USD swap

According to http://www.forexoma.com/forex-calculators-position-size-pip-value-margin-swap-and-profit-calculator/ should be 0,90

And so on for each swap, another example, and AUDNZD 0,05 lot sell for less than 24 hours, I got 1,10usd swap ! According to the previous link should be 0,14

But as I am not really used to that maybe I make mistake

2) Are their commissions calculated per lot or notional?
If I am under a 7$ per lot RT (example), do I pay 7$ either I buy or sell GBPUSD or USDCAD ?
Or do I pay 7GBP for 1 lot, so 10,5 USD ?!

3) Have you ever had "partial fills" for "big" 1-2-10 lots trades ? (never had just asking)

Thank you


I have contacted ICM regarding swaps and will post a reply as soon as I receive a response.


I have received a reply from ICM as follows:


In the clients example the calculation would be

Volume X swap X number of days

0.33 X -13.6 X 3 = -13.46

The website they have referenced is not correct since we go off the libor rate...

Our commission is per lot.

Our Mt4 bridge can handle partial fills, however, instead of returning a partially filled trade to MT4 it will sweep the order book at Integral until the whole order is filled. This means clients can be filled on large tickets with one order.

the commissions is notional I believe.  You don't pay 5.50 per lot whether its 1 lot of eurusd or 1 lot usdchf do you?  it would be 5.50 times the price times the lotsize on eurusd wouldn't it?
Title: Re: IC MARKETS
Post by: proscalp on August 09, 2012, 02:57:07 PM
In the clients example the calculation would be

Volume X swap X number of days

0.33 X -13.6 X 3 = -13.46

The website they have referenced is not correct since we go off the libor rate...

Please, can we have ICM's exact swap policy?

Is really their swap on AUDUSD sell -13.6 while it is  -11,22 at Alpari, not the best broker!
See here http://www.alpari.co.uk/en/rollover_interest.html

FXOPENAU, same, not the best one too, is at -11,53
 http://www.fxopenaus.com/SwapCalculation.aspx )

Both Alpari and FXOPENAU are already about 25% higher than Libor

Can you confirm ICMarkets is at -13,46 ? Is there an URL to check their rate? If it is really -13,46, it means they go above Libor+25%

Thanks
Title: IC MARKETS
Post by: HFT Group on August 10, 2012, 03:17:34 AM
Hello, a few questions

1) do you know how the swap is calculated at IC Markets?
I held for 3 days a SELL on AUDUSD, 0,33 lots, I got 9,46USD swap

According to http://www.forexoma.com/forex-calculators-position-size-pip-value-margin-swap-and-profit-calculator/ should be 0,90

And so on for each swap, another example, and AUDNZD 0,05 lot sell for less than 24 hours, I got 1,10usd swap ! According to the previous link should be 0,14

But as I am not really used to that maybe I make mistake

2) Are their commissions calculated per lot or notional?
If I am under a 7$ per lot RT (example), do I pay 7$ either I buy or sell GBPUSD or USDCAD ?
Or do I pay 7GBP for 1 lot, so 10,5 USD ?!

3) Have you ever had "partial fills" for "big" 1-2-10 lots trades ? (never had just asking)

Thank you


I have contacted ICM regarding swaps and will post a reply as soon as I receive a response.


I have received a reply from ICM as follows:


In the clients example the calculation would be

Volume X swap X number of days

0.33 X -13.6 X 3 = -13.46

The website they have referenced is not correct since we go off the libor rate...

Our commission is per lot.

Our Mt4 bridge can handle partial fills, however, instead of returning a partially filled trade to MT4 it will sweep the order book at Integral until the whole order is filled. This means clients can be filled on large tickets with one order.

the commissions is notional I believe.  You don't pay 5.50 per lot whether its 1 lot of eurusd or 1 lot usdchf do you?  it would be 5.50 times the price times the lotsize on eurusd wouldn't it?
.


I will clarify this once again with ICM.
My understanding is that the discounted commission rate is 5.50 per 100K.

It was initially $5.50 per r/t lot AUD/USD as the discount was only available on accounts funded in AUD or USD.

Since the commission discount is now available for accounts in all ICM's supported currencies it should be clarified and I will do so :-)
Title: IC MARKETS
Post by: HFT Group on August 10, 2012, 03:23:23 AM
In the clients example the calculation would be

Volume X swap X number of days

0.33 X -13.6 X 3 = -13.46

The website they have referenced is not correct since we go off the libor rate...

Please, can we have ICM's exact swap policy?

Is really their swap on AUDUSD sell -13.6 while it is  -11,22 at Alpari, not the best broker!
See here http://www.alpari.co.uk/en/rollover_interest.html

FXOPENAU, same, not the best one too, is at -11,53
 http://www.fxopenaus.com/SwapCalculation.aspx )

Both Alpari and FXOPENAU are already about 25% higher than Libor

Can you confirm ICMarkets is at -13,46 ? Is there an URL to check their rate? If it is really -13,46, it means they go above Libor+25%

Thanks


I have forwarded this to ICM and will post their response as soon as I receive it.

Hopefully there is a link I can post to their swaps or to the reference used.
Title: Re: IC MARKETS
Post by: robl45 on August 10, 2012, 03:56:40 AM
Hello, a few questions

1) do you know how the swap is calculated at IC Markets?
I held for 3 days a SELL on AUDUSD, 0,33 lots, I got 9,46USD swap

According to http://www.forexoma.com/forex-calculators-position-size-pip-value-margin-swap-and-profit-calculator/ should be 0,90

And so on for each swap, another example, and AUDNZD 0,05 lot sell for less than 24 hours, I got 1,10usd swap ! According to the previous link should be 0,14

But as I am not really used to that maybe I make mistake

2) Are their commissions calculated per lot or notional?
If I am under a 7$ per lot RT (example), do I pay 7$ either I buy or sell GBPUSD or USDCAD ?
Or do I pay 7GBP for 1 lot, so 10,5 USD ?!

3) Have you ever had "partial fills" for "big" 1-2-10 lots trades ? (never had just asking)

Thank you


I have contacted ICM regarding swaps and will post a reply as soon as I receive a response.


I have received a reply from ICM as follows:


In the clients example the calculation would be

Volume X swap X number of days

0.33 X -13.6 X 3 = -13.46

The website they have referenced is not correct since we go off the libor rate...

Our commission is per lot.

Our Mt4 bridge can handle partial fills, however, instead of returning a partially filled trade to MT4 it will sweep the order book at Integral until the whole order is filled. This means clients can be filled on large tickets with one order.

the commissions is notional I believe.  You don't pay 5.50 per lot whether its 1 lot of eurusd or 1 lot usdchf do you?  it would be 5.50 times the price times the lotsize on eurusd wouldn't it?
.


I will clarify this once again with ICM.
My understanding is that the discounted commission rate is 5.50 per 100K.

It was initially $5.50 per r/t lot AUD/USD as the discount was only available on accounts funded in AUD or USD.

Since the commission discount is now available for accounts in all ICM's supported currencies it should be clarified and I will do so :-)

yes, per 100K, so that wouldn't be per lot, that would be notional as 1 lot of eurusd would be roughly 130000 at current prices.

would be awesome if it was just 5.50 per lot but I doubt it.
Title: Re: IC MARKETS
Post by: proscalp on August 10, 2012, 06:28:56 AM
Thanks Jon,
Waiting for their clarification about swaps, is it libor +30, 40% ?

Also, when you have confirmation of the lots and notational thing, can you explain how much would cost
1 lot EURUSD
1 lot GBPUSD

Thank you
Title: Re: IC MARKETS
Post by: Zuttasoxx on August 10, 2012, 11:57:21 AM
Thanks Jon,
Waiting for their clarification about swaps, is it libor +30, 40% ?

Also, when you have confirmation of the lots and notational thing, can you explain how much would cost
1 lot EURUSD
1 lot GBPUSD

Thank you

1 lot of EURUSD will cost 5.5 EUR
1 lot of GBPUSD will cost 5.5 GBP

So to have the value in your base currency you need to multiply that number with the currency rate at that time.
Title: Re: IC MARKETS
Post by: proscalp on August 10, 2012, 12:00:46 PM
Thanks Jon,
Waiting for their clarification about swaps, is it libor +30, 40% ?

Also, when you have confirmation of the lots and notational thing, can you explain how much would cost
1 lot EURUSD
1 lot GBPUSD

Thank you

1 lot of EURUSD will cost 5.5 EUR
1 lot of GBPUSD will cost 5.5 GBP

So to have the value in your base currency you need to multiply that number with the currency rate at that time.

5,5GBP is a lot
So, not that good, only in BEST CASE you pay 5,5USD per lot?

This is not what I understood, here I quote jonpearce

Quote
Axi Pro, Synergy, Pepperstone etc. all charge a $7.00 commission on their ecn accounts so I would have thought $5.50 a pretty good competitive deal.
Title: Re: IC MARKETS
Post by: HFT Group on August 10, 2012, 12:18:56 PM
Thanks Jon,
Waiting for their clarification about swaps, is it libor +30, 40% ?

Also, when you have confirmation of the lots and notational thing, can you explain how much would cost
1 lot EURUSD
1 lot GBPUSD

Thank you

1 lot of EURUSD will cost 5.5 EUR
1 lot of GBPUSD will cost 5.5 GBP

So to have the value in your base currency you need to multiply that number with the currency rate at that time.

5,5GBP is a lot
So, not that good, only in BEST CASE you pay 5,5USD per lot?

This is not what I understood, here I quote jonpearce

Quote
Axi Pro, Synergy, Pepperstone etc. all charge a $7.00 commission on their ecn accounts so I would have thought $5.50 a pretty good competitive deal.


Let me clarify this guys and I will post the reply from ICM.

Some brokers charge a set commission regardless of what pair is traded.
For example: AxiTrader charged a fixed $7.00 per lot r/t irrespective of the pair traded as do Pepperstone and Synergy I believe.

Other brokers like FXPIG charge a per million commission eg. 55 per million or 5.5 per 100K.

I just checked my ICM account and it shows the same commission charge irrespective of the pair traded so the previous post was correct.....ICM charge a fixed rate per lot r/t, not notional.

The normal commission charge is $7.00 AUD/USD per lot r/t or the equivalent in your account currency.

The forum discounted commission charge is $5.50 AUD/USD per lot r/t or equivalent in your account currency.
Title: Re: IC MARKETS
Post by: HFT Group on August 10, 2012, 12:25:20 PM
I have copied below the discounted commission charges for all the account currencies supported by IC Markets taken from the first post in this thread that contains all the information most traders would need  ;)


Below is a list of the supported account funding currencies with the discounted commission rate per full lot round trip for all currency pairs.


AUD - 5.50

USD - 5.50

EUR - 4.60

GBP - 3.70

SGD - 7.00


Title: Re: IC MARKETS
Post by: robl45 on August 10, 2012, 12:30:30 PM
Thanks Jon,
Waiting for their clarification about swaps, is it libor +30, 40% ?

Also, when you have confirmation of the lots and notational thing, can you explain how much would cost
1 lot EURUSD
1 lot GBPUSD

Thank you

1 lot of EURUSD will cost 5.5 EUR
1 lot of GBPUSD will cost 5.5 GBP

So to have the value in your base currency you need to multiply that number with the currency rate at that time.

5,5GBP is a lot
So, not that good, only in BEST CASE you pay 5,5USD per lot?

This is not what I understood, here I quote jonpearce

Quote
Axi Pro, Synergy, Pepperstone etc. all charge a $7.00 commission on their ecn accounts so I would have thought $5.50 a pretty good competitive deal.


Let me clarify this guys and I will post the reply from ICM.

Some brokers charge a set commission regardless of what pair is traded.
For example: AxiTrader charged a fixed $7.00 per lot r/t irrespective of the pair traded as do Pepperstone and Synergy I believe.

Other brokers like FXPIG charge a per million commission eg. 55 per million or 5.5 per 100K.

I just checked my ICM account and it shows the same commission charge irrespective of the pair traded so the previous post was correct.....ICM charge a fixed rate per lot r/t, not notional.

The normal commission charge is $7.00 AUD/USD per lot r/t or the equivalent in your account currency.

The forum discounted commission charge is $5.50 AUD/USD per lot r/t or equivalent in your account currency.

excellent, then that is a very good deal as I believe armada is notional.
Title: Re: IC MARKETS
Post by: proscalp on August 10, 2012, 12:34:25 PM
Thanks,
So, can you confirm
Under your deal
1 lot GBPUSD or EURUSD or ANYANY is 5,50USD

For others
1 lot GBPUSD or EURUSD or ANYANY is 7,00USD

Are you positive? I heard so many things, even a few post above
Title: Re: IC MARKETS
Post by: proscalp on August 10, 2012, 12:35:26 PM
In the clients example the calculation would be

Volume X swap X number of days

0.33 X -13.6 X 3 = -13.46

The website they have referenced is not correct since we go off the libor rate...

Please, can we have ICM's exact swap policy?

Is really their swap on AUDUSD sell -13.6 while it is  -11,22 at Alpari, not the best broker!
See here http://www.alpari.co.uk/en/rollover_interest.html

FXOPENAU, same, not the best one too, is at -11,53
 http://www.fxopenaus.com/SwapCalculation.aspx )

Both Alpari and FXOPENAU are already about 25% higher than Libor

Can you confirm ICMarkets is at -13,46 ? Is there an URL to check their rate? If it is really -13,46, it means they go above Libor+25%

Thanks


I have forwarded this to ICM and will post their response as soon as I receive it.

Hopefully there is a link I can post to their swaps or to the reference used.


Please keep us posted, thanks!
Title: Re: IC MARKETS
Post by: HFT Group on August 10, 2012, 02:26:49 PM
Thanks,
So, can you confirm
Under your deal
1 lot GBPUSD or EURUSD or ANYANY is 5,50USD

For others
1 lot GBPUSD or EURUSD or ANYANY is 7,00USD

Are you positive? I heard so many things, even a few post above


Yes, I am positive.
I have made the commissions public in my ICM myfxbook.
Please check the commissions to confirm.

http://www.myfxbook.com/members/jonpearce/icm-true-ecn/340009 (http://www.myfxbook.com/members/jonpearce/icm-true-ecn/340009)
Title: Re: IC MARKETS
Post by: robl45 on August 10, 2012, 03:03:02 PM
Thanks,
So, can you confirm
Under your deal
1 lot GBPUSD or EURUSD or ANYANY is 5,50USD

For others
1 lot GBPUSD or EURUSD or ANYANY is 7,00USD

Are you positive? I heard so many things, even a few post above


Yes, I am positive.
I have made the commissions public in my ICM myfxbook.
Please check the commissions to confirm.

http://www.myfxbook.com/members/jonpearce/icm-true-ecn/340009 (http://www.myfxbook.com/members/jonpearce/icm-true-ecn/340009)

where would we see the commission?  I've never been able to find it on myfxbook
Title: Re: IC MARKETS
Post by: muzzamcc on August 10, 2012, 06:40:29 PM
Thanks,
So, can you confirm
Under your deal
1 lot GBPUSD or EURUSD or ANYANY is 5,50USD

For others
1 lot GBPUSD or EURUSD or ANYANY is 7,00USD

Are you positive? I heard so many things, even a few post above


Yes, I am positive.
I have made the commissions public in my ICM myfxbook.
Please check the commissions to confirm.

http://www.myfxbook.com/members/jonpearce/icm-true-ecn/340009 (http://www.myfxbook.com/members/jonpearce/icm-true-ecn/340009)

where would we see the commission?  I've never been able to find it on myfxbook
If you download an account statement using the csv button you can see commission per trade.
Title: Re: IC MARKETS
Post by: HFT Group on August 11, 2012, 05:45:29 AM
Here is the reply from ICM regarding swaps and confirming commission charges:

With the commission we charge per lot, not in USD notional terms. This means clients pay 5.50/lot (discounted commission rate) regardless of the currency.




With the swap we currently charge in the base currency per 100k traded. As of next week we are moving to a points per lot model which will enable us to get closer to the libor rate. Once this is done I will be able to give you a proper overview as to how the swap credit/debit applies to client positions and where we stand in relation to the libor rate.
Title: Re: IC MARKETS
Post by: proscalp on August 11, 2012, 06:21:49 AM
With the swap we currently charge in the base currency per 100k traded. As of next week we are moving to a points per lot model which will enable us to get closer to the libor rate. Once this is done I will be able to give you a proper overview as to how the swap credit/debit applies to client positions and where we stand in relation to the libor rate.

Hello Jon, thanks for the update,
So, for now, swaps are overcharged about 30-35% above libor while some brokers (aaafx) charge swap libor rate (libor+0%), and some "average brokers" such as Alpari or Fxpro AU charge libor+25% ?
Thanks
Title: Re: IC MARKETS
Post by: HFT Group on August 11, 2012, 06:31:53 AM
With the swap we currently charge in the base currency per 100k traded. As of next week we are moving to a points per lot model which will enable us to get closer to the libor rate. Once this is done I will be able to give you a proper overview as to how the swap credit/debit applies to client positions and where we stand in relation to the libor rate.

Hello Jon, thanks for the update,
So, for now, swaps are overcharged about 30-35% above libor while some brokers (aaafx) charge swap libor rate (libor+0%), and some "average brokers" such as Alpari or Fxpro AU charge libor+25% ?
Thanks

You're welcome.

Lets wait until ICM implement the new system next week so you can do a comparison based on the Libor rate and other brokers should you wish.

ICM did say they would provide an overview once this is done.
Title: Re: IC MARKETS
Post by: rogelio11 on August 11, 2012, 06:40:31 AM
does this broker accept us clients? im from california.

-Rogelio
Title: Re: IC MARKETS
Post by: HFT Group on August 11, 2012, 06:45:06 AM
does this broker accept us clients? im from california.

-Rogelio


IC Markets only accept US residents with an IBC.
Title: Re: IC MARKETS
Post by: rogelio11 on August 11, 2012, 10:06:52 PM
does this broker accept us clients? im from california.

-Rogelio


IC Markets only accept US residents with an IBC.
by mind asking, where i can do that? :D
Title: Re: IC MARKETS
Post by: HFT Group on August 12, 2012, 12:19:10 AM
does this broker accept us clients? im from california.

-Rogelio


IC Markets only accept US residents with an IBC.
by mind asking, where i can do that? :D

I personally have had little to do with IBC's apart from dealing with a few HFT Group members that have them and following related forum posts.

Kevin from FXPIG has helped forum members with setting up IBC's. You can find information relating to this in the FXPIG thread. Kevin can also be contacted via Skype on fxpig.kevin and is most helpful I believe.

Another forum member, 'flatour', has in his signature info about setting up an IBC for $2000. He invites members to contact him directly for information.

I hope this will be of help to you.

Cheers.
Title: Re: IC MARKETS
Post by: odysseus11 on August 12, 2012, 08:58:47 PM
the Ebook in my sig has relevant info and certainly isnt $2k, that strikes me as a bit steep.
Title: IC MARKETS
Post by: HFT Group on August 12, 2012, 10:49:40 PM
the Ebook in my sig has relevant info and certainly isnt $2k, that strikes me as a bit steep.


Thankyou sir, hopefully Rogelio 11 will see your post :-)
Title: Re: IC MARKETS
Post by: Zuttasoxx on August 13, 2012, 04:41:44 AM
Can someone check how many ticks average they have per minute? Let's say eurusd..
Title: Re: IC MARKETS
Post by: flatour on August 13, 2012, 04:47:13 AM
Since at least 5 minutes I have no connexion to ICmarkets from my VPS
Title: Re: IC MARKETS
Post by: 3827 on August 13, 2012, 04:48:17 AM
Which VPS?



Since at least 5 minutes I have no connexion to ICmarkets from my VPS
Title: Re: IC MARKETS
Post by: flatour on August 13, 2012, 04:56:07 AM
Ok now
CNS NY
Title: Re: IC MARKETS
Post by: zuk156 on August 13, 2012, 05:54:40 PM
Do IC Markets have app for iphone?

In mobile mt4 I can not find ICM under supported brokers and there is also no ICM app in app store.
Title: Re: IC MARKETS
Post by: zuk156 on August 13, 2012, 06:02:04 PM
Oh and one more thing. ICM should really rebuild their web page. I want to click forex button and see all relevant trading conditions, not general knowledge what forex is. For that I can type "forex wiki" in google. :)
Title: Re: IC MARKETS
Post by: fx.mstr on August 13, 2012, 06:32:48 PM
Oh and one more thing. ICM should really rebuild their web page. I want to click forex button and see all relevant trading conditions, not general knowledge what forex is. For that I can type "forex wiki" in google. :)

Yes, that website is sucks.
They are in the market since 2007 (according the info on their website) but didn't have time to create a more informative and useful webpage.

I don't know what to think about this broker.
Title: Re: IC MARKETS
Post by: zuk156 on August 13, 2012, 06:54:17 PM

Yes, that website is sucks.


Well lets stay constructive here.  ;)

Except recently changed swap rates they have good conditions. They should just listen more to (future) clients and improve that few side issues that repeatedly coming up in this thread.
Title: Re: IC MARKETS
Post by: Bird_of_Paradise on August 13, 2012, 07:20:13 PM
If they improve their website, more online presence, probably most traders would shut their accounts with other brokers and start trade with IC markets...If they can not improve their site and services, then too bad! Just forget about this broker. 
Title: Re: IC MARKETS
Post by: Bird_of_Paradise on August 13, 2012, 07:47:41 PM
I think that they will launch multi-currency funding via moneybookers shortly. I have discussed this with them myself and they said that they are in the process of implementing it.

They better speed it up.
Title: Re: IC MARKETS
Post by: robl45 on August 13, 2012, 10:40:37 PM
I think that they will launch multi-currency funding via moneybookers shortly. I have discussed this with them myself and they said that they are in the process of implementing it.

They better speed it up.

yes they better, because any accounts of size are really funded with moneybookers, libertyreserve, etc. LOL
Title: Re: IC MARKETS
Post by: bennyfx on August 14, 2012, 05:07:21 AM
I think that they will launch multi-currency funding via moneybookers shortly. I have discussed this with them myself and they said that they are in the process of implementing it.

They better speed it up.

yes they better, because any accounts of size are really funded with moneybookers, libertyreserve, etc. LOL

At the moment you can fund with Moneybookers but it is processed in AUD.
Title: Re: IC MARKETS
Post by: flatour on August 14, 2012, 09:38:22 PM
Lets wait until ICM implement the new system next week so you can do a comparison based on the Libor rate and other brokers should you wish.

ICM did say they would provide an overview once this is done.

Hello, please keep us posted, thanks!
Title: Re: IC MARKETS
Post by: bennyfx on August 15, 2012, 11:47:00 AM
Today I traded the ASX 200 index CFD on my IC Markets True ECN account. Their spreads are Amazing only 0.5 points. I believe that this is the lowest that I have seen other brokers have a 1 point spread.

I will be trading a few other Indices tonight and will provide an update.
Title: Re: IC MARKETS
Post by: LFN on August 15, 2012, 05:27:50 PM
What is their min lot size trading indices like DAX30, DJ30 and FTSE?
Title: Re: IC MARKETS
Post by: robl45 on August 15, 2012, 11:08:52 PM
armada's swaps are much better,  a lot of brokers are screwing people on swaps though.
Title: Re: IC MARKETS
Post by: bennyfx on August 16, 2012, 12:12:11 AM
What is their min lot size trading indices like DAX30, DJ30 and FTSE?

Their CFDs are based on the cash price and are a $1 per point, this is much better than the CFDs offered by some brokers that are based on the futures contracts and have large $ per tick increments. I have an account with another broker who's tick increment on AUS 200 (SPI) is $25 per point.

$1 per point is much better !
Title: Re: IC MARKETS
Post by: flatour on August 16, 2012, 10:41:20 AM
Hi Jon,
ICMarkets is excellent but everyone complaining of swaps,
They should clarify their position,
You should have an answer this week, right?
Thanks
Title: Re: IC MARKETS
Post by: HFT Group on August 16, 2012, 10:58:09 AM
Hi Jon,
ICMarkets is excellent but everyone complaining of swaps,
They should clarify their position,
You should have an answer this week, right?
Thanks

Hi,
    Yes I hoped to have the info available to post but unfortunately I have not heard back from ICM regarding swaps as yet.
Title: Re: IC MARKETS
Post by: robl45 on August 17, 2012, 01:28:49 AM
is anyone able to email icmarkets?  I keep getting bounced emails back that the address is invalid.
Title: Re: IC MARKETS
Post by: Highlander on August 17, 2012, 01:32:46 AM
is anyone able to email icmarkets?  I keep getting bounced emails back that the address is invalid.
same..Diagnostic-Code: smtp; 550 Unrouteable address
 and website not working properly..  :(
a little bit worry about their trading servers…  ???
Title: Re: IC MARKETS
Post by: robl45 on August 17, 2012, 01:33:40 AM
is anyone able to email icmarkets?  I keep getting bounced emails back that the address is invalid.
same.. and website not working properly..  :(
a little bit worry about their trading servers…  ???

servers should be completely separate, I checked the website, it seems the whole domain is down right now.  weird because I got an email that my account is funded like 2 minutes before I started getting the bounces.
Title: Re: IC MARKETS
Post by: Highlander on August 17, 2012, 01:35:23 AM
is anyone able to email icmarkets?  I keep getting bounced emails back that the address is invalid.
same.. and website not working properly..  :(
a little bit worry about their trading servers…  ???

servers should be completely separate, I checked the website, it seems the whole domain is down right now.  weird because I got an email that my account is funded like 2 minutes before I started getting the bounces.
yes, trading is working for now.
Title: Re: IC MARKETS
Post by: robl45 on August 17, 2012, 03:46:26 AM
site and presumably email have been down for hours now.  am i the only one that thinks it would be appropriate for them to broadcast something over the mt4 mailbox to the effect of our domain is having problems, for support, please email whatever@xxx.com?  it takes 5 minutes to make an email address if you don't already have one that can be used for backup if your domain goes down.
Title: Re: IC MARKETS
Post by: odysseus11 on August 17, 2012, 03:50:13 AM
I agree but as a customer as well I care primarily about the trade servers, which are running fine.
Title: Re: IC MARKETS
Post by: robl45 on August 17, 2012, 04:00:51 AM
I agree but as a customer as well I care primarily about the trade servers, which are running fine.

agreed, but i just funded the thing and I can't ask a question now. kind of sucks.
Title: Re: IC MARKETS
Post by: bennyfx on August 17, 2012, 04:25:54 AM
I just spoke to them and their site was subject to a Denial of Service (DOS) attack. It is up an running now though.

MT4 was not effected as it is on a server in NY4 separate to their website. 
Title: Re: IC MARKETS
Post by: flatour on August 17, 2012, 06:56:44 AM
Hello, probably my bad, but on IC Markets, when I want to buy silver at market

2012.08.17 07:10:11    'xxxx': order buy 0.01 XAGUSDi opening at 0.000 sl: 0.000 tp: 0.000 failed [Off quotes]

No problem with gold

Thanks
Title: Re: IC MARKETS
Post by: HFT Group on August 17, 2012, 12:50:35 PM
IC Markets are implementing the new swap rates over the weekend and they will be active for market open Sunday night.
Title: Re: IC MARKETS
Post by: flatour on August 17, 2012, 12:52:52 PM
Thanks, what will be the rate used? Do they apply strict libor rate or do they make money on it?
Thanks
Title: Re: IC MARKETS
Post by: HFT Group on August 17, 2012, 12:56:23 PM
Thanks, what will be the rate used? Do they apply strict libor rate or do they make money on it?
Thanks

The only information I was given at this stage was that the new swap rates are being applied over the weekend.

I guess we will find out on market open Sunday night.

Should ICM provide further information as to the model used I will post it.
Title: Re: IC MARKETS
Post by: robl45 on August 17, 2012, 11:42:39 PM
first day of using IC Markets, seems to be fine.  probably get better when I switch to NY VPS.
Title: Re: IC MARKETS
Post by: Highlander on August 17, 2012, 11:46:00 PM
Thanks, what will be the rate used? Do they apply strict libor rate or do they make money on it?
Thanks

The only information I was given at this stage was that the new swap rates are being applied over the weekend.

Is it a good idea to trade with NumberOne or Nmi at IC?
Title: Re: IC MARKETS
Post by: HFT Group on August 18, 2012, 12:07:04 AM
Thanks, what will be the rate used? Do they apply strict libor rate or do they make money on it?
Thanks

The only information I was given at this stage was that the new swap rates are being applied over the weekend.

Is it a good idea to trade with NumberOne or Nmi at IC?

I have been seeing some nice results with NMI SS recently even though markets have been very quiet for tick scalping EA's. Get some Yen cross trades that I don't get on other brokers I use, probably due to lower spreads on ICM. Slippage seems to have improved significantly, possibly due to additional LP's.

I have a spare license for NO1 now that Primus has turned to crap so will try get permission from steadyonfx to licence it for ICM.
Title: Re: IC MARKETS
Post by: crazycat on August 18, 2012, 01:59:32 AM
Does anyone know what the leverage / margin rates for their Index CFDs are?
In particular I would like to know about the DAX.
Title: Re: IC MARKETS
Post by: HFT Group on August 18, 2012, 06:54:39 AM
Hello, probably my bad, but on IC Markets, when I want to buy silver at market

2012.08.17 07:10:11    'xxxx': order buy 0.01 XAGUSDi opening at 0.000 sl: 0.000 tp: 0.000 failed [Off quotes]

No problem with gold

Thanks


The order was rejected because you traded below the minimum.
Title: Re: IC MARKETS
Post by: flatour on August 18, 2012, 07:50:31 AM
Thanks, what is the minimum?
For gold, 0,01 seems Ok

About swaps (again), can't wait, I don't know if you guys knew that, you can watch (and compare) swap rates in MT4

You go to market watch, then right click, then click on "symbols", then you select the pair you want to see swap rate, and you click "properties", and there you have long and short swap rate

I compared ICMarkets rates with Alpari, Fxprimus, and FxOpenAU, differences are quasi systematic and sometime huge

I must admit I am not very used to rates so I could have make some errors, but ICMarkets in all cases seems really overcharging swap rates (if someone can confirm my excel)

Hope their new rates will be more normal, especially as they have a Forex Envy deal that uses a lot swaps

I will look next week and tell you

Title: Re: IC MARKETS
Post by: HFT Group on August 18, 2012, 08:29:31 AM
Thanks, what is the minimum?
For gold, 0,01 seems Ok

About swaps (again), can't wait, I don't know if you guys knew that, you can watch (and compare) swap rates in MT4

You go to market watch, then right click, then click on "symbols", then you select the pair you want to see swap rate, and you click "properties", and there you have long and short swap rate

I compared ICMarkets rates with Alpari, Fxprimus, and FxOpenAU, differences are quasi systematic and sometime huge

I must admit I am not very used to rates so I could have make some errors, but ICMarkets in all cases seems really overcharging swap rates (if someone can confirm my excel)

Hope their new rates will be more normal, especially as they have a Forex Envy deal that uses a lot swaps

I will look next week and tell you


I hope to have more information on the new swap rates and an explanation as to their calculation from ICM next week.

Hopefully the new swap rates will be competitive with the other brokers you mentioned.

I will check on the minimum trade size for XAGUSD but that was the response from ICM briefly.
Title: Re: IC MARKETS
Post by: bearnakedbull on August 18, 2012, 04:24:17 PM
By way of comparison, when I mentioned swap rates to Armada a few weeks back they adjusted them within 24 hours. That was very impressive for sure.
Title: Re: IC MARKETS
Post by: bennyfx on August 19, 2012, 12:00:25 AM
Does anyone know what the leverage / margin rates for their Index CFDs are?
In particular I would like to know about the DAX.

I cant seem to find this info on their website maybe they have not updated their site because CFDs are new. But I calculated the leverage anyway from MT4 and it is 200:1 or 0.5%.

200:1 (0.5%) is a very good leverage rate for the DAX. The all it the DE30 (Germany 30 Index) on MT4.
Title: Re: IC MARKETS
Post by: 3827 on August 19, 2012, 01:29:34 AM
Bennyfx, why don't you trade indices future contract instead of CFD? Just curious.

 :D
Title: Re: IC MARKETS
Post by: timytots on August 19, 2012, 03:01:20 AM
What are IC Markets margin rates for the FTSE, DOW and NASDAQ indices?
Title: IC MARKETS new swap rates
Post by: HFT Group on August 19, 2012, 01:01:03 PM
Here are the new ICM swap rates effective from market open 19th Aug. 2012

Rates are in points per 100K traded.





PAIR           Mt4Long          Mt4Short      Digits
 
AUD/CAD       6.1                -8.4              5
 
AUD/CHF       9.2                 -11.7            5
 
AUD/JPY        6.8                 -9.1              3
 
AUD/NZD      2.3                 -4.8              5
 
AUD/SGD     9.4                 -13.8             5
 
AUD/USD     8.5                 -10.8             5
 
AUD/ZAR    -46.3                35.5              5
 
CAD/CHF       2                  -4.3                5
 
CAD/JPY        1                  -3.2                3
 
CAD/MXN    -115                68.2               5
 
CHF/JPY        -1.6              -0.8                 4
 
CHF/ZAR      -129.5            118.7             3
 
EUR/AUD      -12.7              10.3               5
 
EUR/CAD       -4.7                2.5                5
 
EUR/CNH       -8.1                3.9                5
 
EUR/CHF        -0.8              -1.5                5
 
EUR/CZK        -5                  1.8                4
 
EUR/DKK         4.7             -10.3               5
 
EUR/GBP        -2.1               -0.1               5
 
EUR/HKD       -9.2                 3.6               5
 
EUR/HUF        -50.9             44.1               3
 
EUR/JPY          -1.4               -0.9              3
 
EUR/NOK       -32.1              27                 4
 
EUR/NZD       -12                 9.6                5
 
EUR/PLN        -58.4             54.4               5
 
EUR/SEK        -38.7             34.7               5
 
EUR/SGD         -3.6              -0.6               5
 
EUR/TRY        -34.7             32.5               5
 
EUR/USD         -2                -0.2               5
 
EUR/ZAR       -150.7          141.3              5
 
GBP/AUD        -14               11.6              5
 
GBP/CAD         -3.8               1.5              5
 
GBP/CHF           1.1              -3.6              5
 
GBP/CNH       -10.1                1.9             5
 
GBP/DKK        17.9             -24.7             5
 
GBP/JPY           0                  -2.4             3
 
GBP/NOK      -29.4               23                5
 
GBP/NZD      -12.7                10.1            5
 
GBP/SEK      -36.3               31.3             5
 
GBP/SGD       -2                  -2.8             5
 
GBP/USD       -0.3               -1.9             5
 
GBP/ZAR      -176.4          164.6             5
 
NOK/SEK        -1.8              -0.9             5
 
NZD/CAD         2.2             -4.4             5
 
NZD/CHF         4.6              -7                5
 
NZD/JPY          3.2             -5.4              3
 
NZD/SEK       11.8           -15.8              5
 
NZD/SGD        4.1            -8.1               5
 
NZD/USD        4               -6.2               5
 
SGD/JPY        -1               -2                  3
 
TRY/JPY         5.4             -7.6               3
 
USD/CAD     -3.3               1.1               5
 
USD/CHF      -0.1             -2.1               5
 
USD/CNH      -6.3              2.1               5
 
USD/CZK      -2.8            -0.2               4
 
USD/DKK       8              -13                 5
 
USD/HUF    -40.3           33.7                3
 
USD/JPY      -0.7            -1.5                3
 
USD/MXN    -135.8      104.2                5
 
USD/NOK     -21.8         17.7               5
 
USD/PLN     -89.8          84.2               5
 
USD/RUB    -521          459                  5
 
USD/SEK     -26.5         23.5               5
 
USD/SGD      -2.4         -1.6                 5
 
USD/TRY      -27.8        18.2                 5
 
USDZAR      -117.4      108.6                5
 
XAG/USD       -1.7         -0.8                4
 
XAU/USD     -28.7           6.4                3
 
ZAR/JPY         0.3          -2.5                3
 


Title: Re: IC MARKETS
Post by: petersurrey on August 19, 2012, 01:31:19 PM
Many thanks for posting Jon - what sort of % decrease does this represent?

Cheers.
Title: Re: IC MARKETS
Post by: robl45 on August 19, 2012, 03:43:59 PM
swap rates still aren't great, but oh well.  a number of places have positive eurusd swap on the buy side.
Title: Re: IC MARKETS
Post by: bearnakedbull on August 19, 2012, 03:49:57 PM
usdjpy is positive at other brokers but still negative here.
Title: Re: IC MARKETS
Post by: loulou69 on August 19, 2012, 04:25:31 PM

how many trading pairs has this broker ?
Title: Re: IC MARKETS
Post by: bennyfx on August 19, 2012, 04:47:56 PM

how many trading pairs has this broker ?

They currently have 41 currency pairs, 14 index CFDs and 4 futures contracts (WTI, BRENT, VIX and Dollar Index).

They did however tell me last week that they are going to increase the number of pairs to around 70 for Stat Arb Pro Users.
Title: Re: IC MARKETS
Post by: flatour on August 19, 2012, 04:56:45 PM
Swaps are much better even if not better of the market.
Some swaps have been divided by 2, they had great margin before, was it an error? Will they refund?

Did they try until they get caught?

Anyway I appreciate the effort and want to thank Jon for letting us know.
Title: Re: IC MARKETS
Post by: robl45 on August 19, 2012, 10:07:25 PM
just ran expat test for ICmarkets, execution times were in the 200ms with some sub 100ms and a couple over 300 but under 400ms,  thats better than collective was and far ahead of any other broker I've tried.
Title: Re: IC MARKETS
Post by: e1vis on August 19, 2012, 10:38:36 PM
No doubt this is a stupid question but why are some pairs in market watch highlighted in yellow now?
Title: Re: IC MARKETS
Post by: robl45 on August 19, 2012, 10:41:03 PM
No doubt this is a stupid question but why are some pairs in market watch highlighted in yellow now?

i believe its because they are the major pairs.
Title: IC MARKETS
Post by: HFT Group on August 19, 2012, 10:47:19 PM
I posted the new swap rates rather late last night here in AU so apologies for the haphazard format. The new swap rates were not sent in a format I could upload as an attachment so I had to post them manually.
If someone has the time to do a comparison with the old swap rates and determine a % reduction that would be great as I am currently at work.
The old swap rates were calculated on a different model. They were not incorrect, just not competitive. There would be no refunds as traders would have/should have been aware of the initial swap rates.
Title: Re: IC MARKETS
Post by: robl45 on August 19, 2012, 11:02:30 PM
I posted the new swap rates rather late last night here in AU so apologies for the haphazard format. The new swap rates were not sent in a format I could upload as an attachment so I had to post them manually.
If someone has the time to do a comparison with the old swap rates and determine a % reduction that would be great as I am currently at work.
The old swap rates were calculated on a different model. They were not incorrect, just not competitive. There would be no refunds as traders would have/should have been aware of the initial swap rates.

the mt4 still shows old swap rates.
Title: IC MARKETS
Post by: HFT Group on August 19, 2012, 11:30:18 PM
Hmmmmm......ICM advised the new swaps would be effective from market open.
Title: Re: IC MARKETS
Post by: robl45 on August 19, 2012, 11:43:04 PM
the one thing that was nice about the +3 brokers I have been using the past year are no sunday candles.  I wonder if they would consider changing the server time.  Sunday candles mess up a lot of EAs.
Title: IC MARKETS
Post by: HFT Group on August 20, 2012, 01:19:36 AM
The new swap rates have not been updated on mt4 as yet. ICM are looking into why currently and are confident they will be updated by Tuesday morning AU time.
Title: Re: IC MARKETS
Post by: robl45 on August 20, 2012, 12:26:35 PM
traded ended today with positive slippage.  With traders way I got that too, yea like once out of every 10 trades. :) pretty happy with IC markets so far.
Title: Re: IC MARKETS
Post by: bennyfx on August 20, 2012, 01:40:17 PM
IC Markets spreads are pretty good, today I noticed that their spreads are getting even better !

I was trading during the Asian session most of the day and the spread often sat a 0 pips popping up to 0.1 every now and then.

They pretty much had a zero pip average on EUR/USD all day.

I took a screenshot of from FXintel that shows this.

I have never seen anything like this with any broker that I have ever traded with.

Title: Re: IC MARKETS
Post by: odysseus11 on August 20, 2012, 02:53:49 PM
All of a sudden today I am getting on ICM error messages in the experts log that say orders failed to be placed "because your broker does not allow automated trading" and yes the orders were being placed by an EA.

Has anyone seen this? I am baffled, and cant get any response from ANYONE at ICM, even though I have tried email/SMS/phone - no answer on any medium. Is anyone else having an issue reaching them or any EA trading issues today?

Very weird.
Title: Re: IC MARKETS
Post by: bearnakedbull on August 20, 2012, 03:06:23 PM
All of a sudden today I am getting on ICM error messages in the experts log that say orders failed to be placed "because your broker does not allow automated trading" and yes the orders were being placed by an EA.

Has anyone seen this? I am baffled, and cant get any response from ANYONE at ICM, even though I have tried email/SMS/phone - no answer on any medium. Is anyone else having an issue reaching them or any EA trading issues today?

Very weird.
No problems here.
Title: Re: IC MARKETS
Post by: robl45 on August 21, 2012, 01:13:36 AM
swaps still not any lower.
Title: Re: IC MARKETS
Post by: bennyfx on August 21, 2012, 02:55:51 AM
What are IC Markets margin rates for the FTSE, DOW and NASDAQ indices?

The leverage on these contracts is:

UK100 (FTSE)        = 200:1

US30 (DOW)         = 200:1

USTEC (NASDAQ)  = 100:1
 
I have looked at the leverage on all the CFDs and the lowest is 100:1 and highest is 100:1. 
Title: Re: IC MARKETS
Post by: bennyfx on August 21, 2012, 08:32:29 AM
Here are the leverage rates for their CFDs:

S&P / ASX 200 Index                 200:1 (0.5%)
Nikkei 225 Index                        100:1 (1%)
FTSE 100 Index                           200:1 (0.5%)
EURO STOXX 50 Index               100:1 (1%)
E-Mini S&P 500 Index                   100:1 (1%)
Russell 2000 Index              100:1 (1%)
E-mini Nasdaq 100              100:1 (1%)
DJIA Index                         200:1 (0.5%)
Xetra DAX Index                      200:1 (0.5%)
Hang Seng Index              100:1 (1%)
CAC40 Index            200:1 (0.5%)
FTSE/MIB Index            100:1 (1%)
IBEX-35 Index            100:1 (1%)
Spot Brent Crude Oil                   100:1 (1%)
Spot WTI Light Crude Oil             100:1 (1%)
ICE Dollar Index                 100:1 (1%)
CBOE VIX Index Futures           100:1 (1%)

Title: Re: IC MARKETS
Post by: zuk156 on August 21, 2012, 10:51:14 AM
Where can one see ICM market depth in MT4?
Title: Re: IC MARKETS
Post by: reinerh on August 21, 2012, 11:03:47 AM
All of a sudden today I am getting on ICM error messages in the experts log that say orders failed to be placed "because your broker does not allow automated trading" and yes the orders were being placed by an EA.

Has anyone seen this? I am baffled, and cant get any response from ANYONE at ICM, even though I have tried email/SMS/phone - no answer on any medium. Is anyone else having an issue reaching them or any EA trading issues today?

Very weird.

and you cant reach them during aussie business hours, sheesh thats weird.

please keep us posted.
Title: Re: IC MARKETS
Post by: adeptus on August 21, 2012, 11:46:50 AM
All of a sudden today I am getting on ICM error messages in the experts log that say orders failed to be placed "because your broker does not allow automated trading" and yes the orders were being placed by an EA.

Has anyone seen this? I am baffled, and cant get any response from ANYONE at ICM, even though I have tried email/SMS/phone - no answer on any medium. Is anyone else having an issue reaching them or any EA trading issues today?

Very weird.

and you cant reach them during aussie business hours, sheesh thats weird.

please keep us posted.

I had the same problem. Was able to fix it by having my EAs use the suffix 'i' for all pairs.
Title: Re: IC MARKETS
Post by: HFT Group on August 21, 2012, 12:54:06 PM
swaps still not any lower.

The swaps used were not current.
I spoke with ICM earlier and they believe the new swaps will be in place before Wednesdays triple.
Title: Re: IC MARKETS
Post by: odysseus11 on August 21, 2012, 12:57:37 PM
yes that was my issue too - resolved now.
Bigger question is what do we use for an emergency 24 hour contact? Thats a NECESSITY and I didnt realize till today that ICM doesnt HAVE one yet!

All of a sudden today I am getting on ICM error messages in the experts log that say orders failed to be placed "because your broker does not allow automated trading" and yes the orders were being placed by an EA.

Has anyone seen this? I am baffled, and cant get any response from ANYONE at ICM, even though I have tried email/SMS/phone - no answer on any medium. Is anyone else having an issue reaching them or any EA trading issues today?

Very weird.

and you cant reach them during aussie business hours, sheesh thats weird.

please keep us posted.

I had the same problem. Was able to fix it by having my EAs use the suffix 'i' for all pairs.
Title: Re: IC MARKETS
Post by: HFT Group on August 21, 2012, 01:04:55 PM
yes that was my issue too - resolved now.
Bigger question is what do we use for an emergency 24 hour contact? Thats a NECESSITY and I didnt realize till today that ICM doesnt HAVE one yet!

All of a sudden today I am getting on ICM error messages in the experts log that say orders failed to be placed "because your broker does not allow automated trading" and yes the orders were being placed by an EA.

Has anyone seen this? I am baffled, and cant get any response from ANYONE at ICM, even though I have tried email/SMS/phone - no answer on any medium. Is anyone else having an issue reaching them or any EA trading issues today?

Very weird.

and you cant reach them during aussie business hours, sheesh thats weird.

please keep us posted.

I had the same problem. Was able to fix it by having my EAs use the suffix 'i' for all pairs.

ICM are contactable during business hours (AU).
Support is provided via email and there are contact phone numbers listed on their website.

Worse case scenario, please email or PM me and I will do what I can for clients outside Australia especially.
Title: Re: IC MARKETS
Post by: bennyfx on August 21, 2012, 01:10:06 PM
I always contact ICM at night and they are fast to respond, they have a live Skype for afterhours contact its much better than the on-line chat systems that most brokers have which usually have canned (automated) responses or are answered by an office junior working the graveyard shift.

If you have a live account just ask them for the Skype ID and they will give it to you.

I have quite a large account with them and being able to contact them 24/5 is essential.
Title: Re: IC MARKETS
Post by: bennyfx on August 21, 2012, 01:29:35 PM
Where can one see ICM market depth in MT4?

You click on the blue arrows next to where you see the spread, have a look at the screenshot below.

Title: Re: IC MARKETS
Post by: zuk156 on August 21, 2012, 02:13:13 PM
It is well hidden. :)

Thanks!

Where can one see ICM market depth in MT4?

You click on the blue arrows next to where you see the spread, have a look at the screenshot below.
Title: Re: IC MARKETS
Post by: 3827 on August 21, 2012, 03:14:56 PM
As I observed, the spread on GU is pretty high 70% of the time, including London session.

The only clear winner is EU which is the lowest one can find on retail MT4 platform.
Title: Re: IC MARKETS
Post by: bennyfx on August 21, 2012, 03:32:06 PM
As I observed, the spread on GU is pretty high 70% of the time, including London session.

The only clear winner is EU which is the lowest one can find on retail MT4 platform.

The average spread on GBP/USD is about 0.5 pips - this is the one of the best, if not the best spread for GBP/USD pair that I have ever seen.

Title: Re: IC MARKETS
Post by: robl45 on August 21, 2012, 06:13:27 PM
They should be available all the time, not saying they shouldn't sleep, but someone should be available when forex market is open.  personally I find chat easier than skype as you can use chat from virtually any computer
Title: Re: IC MARKETS
Post by: bennyfx on August 21, 2012, 11:26:59 PM
They should be available all the time, not saying they shouldn't sleep, but someone should be available when forex market is open.  personally I find chat easier than skype as you can use chat from virtually any computer

They can be contacted 24/5 during the day I generally call them them and at night I skpye call them, chat with them or email them. They are fast to respond.
Title: Re: IC MARKETS
Post by: robl45 on August 21, 2012, 11:45:10 PM
Email only appears to be at night.  I don't know where you are but IM not making international phone calls
Title: Re: IC MARKETS
Post by: deathlord on August 21, 2012, 11:49:26 PM
Where on their page are skype contact details?
Title: Re: IC MARKETS
Post by: bennyfx on August 22, 2012, 04:28:34 AM
Where on their page are skype contact details?

I get them on Skype ID "ic.markets"
Title: Re: IC MARKETS
Post by: HFT Group on August 22, 2012, 01:11:19 PM
Where on their page are skype contact details?

I get them on Skype ID "ic.markets"

Hehe......pity the poor bugga that mans the Skype support at night here in AU.  He wont know what hit him!  :D

I spoke with Angus earlier and he is aware the 'secret' is out so will hopefully be prepared for it.

ICM have plans for a much more client friendly set up in the near future.
The new website will include a client portal where deposits, withdrawals and account details are available.
Feed and spreads are high quality so once this is set up ICM will be much easier to trade with. Additional funding and withdrawal options will be made available.
Title: Re: IC MARKETS
Post by: bennyfx on August 23, 2012, 01:47:54 AM
I got positive slippage on quite a few of my trades last night, pretty happy.
Title: Re: IC MARKETS
Post by: timytots on August 23, 2012, 10:52:24 AM
Does anyone know what the difference between the gold contract "XAU/USD" and gold contract called ".GOLD" is? They have both contracts listed on their MT4.

Title: Re: IC MARKETS
Post by: Young on August 23, 2012, 11:38:39 AM
Does anyone know what the difference between the gold contract "XAU/USD" and gold contract called ".GOLD" is? They have both contracts listed on their MT4.

Visually there are slight differences:

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fimg580.imageshack.us%2Fimg580%2F9968%2Ficmgold.gif&hash=4bdc3daefd3372ca378099e455bbdd7e)
Title: Re: IC MARKETS
Post by: flatour on August 23, 2012, 11:41:56 AM
BTW their XAUUSD swap is -2,9 pips whereas it is almost 0 or free for CFDs at most brokers (Axitrader, Synergy, Fxpro AU, Fxprimus)

Difference is huge. 3 pips per night!

I must admit that ICMarket is still a overall a very good broker, but sometimes things are ununderstandable...
Title: Re: IC MARKETS
Post by: bennyfx on August 23, 2012, 01:40:42 PM
I think XAU/USD is a forex contract and the other is a CFD. I wonder if the CFD is cheaper to trade overnight.
Title: Re: IC MARKETS
Post by: flatour on August 23, 2012, 07:33:43 PM
Seems ".GOLD" has almost no swap fee, it is a CFD. I don't know the difference, maybe more swap?

Because I am about to close my gold positions to open them at another broker... If I can stay at ICMarkets I prefer.

Does someone know the exact difference between XAUUSD and .GOLD ?

Thanks
Title: Re: IC MARKETS
Post by: robl45 on August 24, 2012, 05:42:56 PM
little slippage today on mdp, 1 pip a trade, not too bad.  tradersway was like 1 pip on every trade.  other ea had .00002 slippage. I can deal with that :)
Title: Re: IC MARKETS
Post by: crazycat on August 25, 2012, 01:25:52 AM
Seems ".GOLD" has almost no swap fee, it is a CFD. I don't know the difference, maybe more swap?

Because I am about to close my gold positions to open them at another broker... If I can stay at ICMarkets I prefer.

Does someone know the exact difference between XAUUSD and .GOLD ?

Thanks

I ran some quick numbers and I think that the forex pair is the cheaper option as the spread is better even if you factor in the swap rates and commission, but at least they give you the option.
Title: Re: IC MARKETS
Post by: flatour on August 25, 2012, 08:12:26 AM
@crazycat

Thanks for your answer but I don't really agree (or understand)

I bought 0.20 XAUUSD, this costs me 6usd per night. And I plan to keep my position many days.

If I bought 0.20 .GOLD, maybe I would have a few pips more buying, but almost 0usd per night.

Anyway, I figured out all this moving my position to another broker. I did the same for a long term position on USDJPY where on some brokers I found a slightly positive swap, whereas it is negative on most brokers.

Please note overall I am pretty happy with ICM but sometimes strange thinks like this happens.

I compared some swaps fees for AUDUSD, AUDCAD, they are about the same as the market, so, happy.
Title: Re: IC MARKETS
Post by: charleslimuk on August 27, 2012, 10:04:54 PM
Why the spreads of DE30, UK100 and US30 are 80, 60 and 40 respectively?  Why the spread of the Indices is so high in ICMarkets? How do you calculate the profit and  margin of these indices, gold, silver and Brent?

Thank you in advance.
Title: Re: IC MARKETS
Post by: Highlander on August 28, 2012, 03:32:45 AM
Thanks, what will be the rate used? Do they apply strict libor rate or do they make money on it?
Thanks

The only information I was given at this stage was that the new swap rates are being applied over the weekend.

Is it a good idea to trade with NumberOne or Nmi at IC?

I have been seeing some nice results with NMI SS recently even though markets have been very quiet for tick scalping EA's. Get some Yen cross trades that I don't get on other brokers I use, probably due to lower spreads on ICM. Slippage seems to have improved significantly, possibly due to additional LP's.

I have a spare license for NO1 now that Primus has turned to crap so will try get permission from steadyonfx to licence it for ICM.

about -15% DD, mean that you have no good results with Nmi at ICM?  What about NO1?

Thanks!
Title: Re: IC MARKETS
Post by: HFT Group on August 28, 2012, 08:00:07 AM
Thanks, what will be the rate used? Do they apply strict libor rate or do they make money on it?
Thanks

The only information I was given at this stage was that the new swap rates are being applied over the weekend.

Is it a good idea to trade with NumberOne or Nmi at IC?

I have been seeing some nice results with NMI SS recently even though markets have been very quiet for tick scalping EA's. Get some Yen cross trades that I don't get on other brokers I use, probably due to lower spreads on ICM. Slippage seems to have improved significantly, possibly due to additional LP's.

I have a spare license for NO1 now that Primus has turned to crap so will try get permission from steadyonfx to licence it for ICM.

about -15% DD, mean that you have no good results with Nmi at ICM?  What about NO1?

Thanks!


The losses and DD on my ICM account were caused by a trade copier that I have ceased using, not NMI SS. My account is recovering slowly but steadily, using NMI SS exclusively.

Would like to try my spare NO1 license on ICM, just a matter of getting around to contacting steadyonfx and requesting a license transferral from my Primus account
WHICH TURNED TO CRAP! (Thanks FxPrimus....NOT!). >:(

Title: Re: IC MARKETS
Post by: HFT Group on August 28, 2012, 08:20:28 AM
Why the spreads of DE30, UK100 and US30 are 80, 60 and 40 respectively?  Why the spread of the Indices is so high in ICMarkets? How do you calculate the profit and  margin of these indices, gold, silver and Brent?

Thank you in advance.



The spreads are displayed as hundreths of a point so a spread of 80 on the DE30 is 0.8 points. These spreads are very tight.

Further info is copied below. I cannot attach the info in the format it was sent to me. Apologies for the copy and paste.  :D


Index   Symbol    Spread in (out of) market hours   IM Factor (Margin Req)    Trading Hours   Basis of Price and Interest Rate Used for Finance Adjustments   Min / Max Size   Tick Factor†   Example Price   Currency   Guaranteed Stops (charge / minimum distance)   Underlying Index   Last Update





Australia 200 Index   .AUS200   Day session (while underlying cash is open) 0.5, all other times 2 to 6   0.50%   24 hours with five minute break from 09:00 to 09:05 Sydney time (Monday 09:50 open to Saturday 07:00 close Sydney time during US daylight saving time).   BBA AUD LIBOR Spot Next rate at 17:00 ET   1 / 250   1 index point   5502.5   AUD   Feb-50   S&P/ASX200 Indexâ„¢   12/23/2011  24 hours with five minute break from 09:00 to 09:05 Sydney time (Monday 09:50 open to Saturday 08:00 close Sydney time during non-US daylight saving time).                        
EU Stocks 50 Index   .STOXX50   2   1%   08:00 - 22:00 CET   BBA EUR LIBOR Overnight rate at 17:00 New York time   1 / 500   1 index point   3804   â‚¬   3 / 100   Dow Jones EURO STOXX50 Indexâ„¢   6/8/2011
France 40 Index   .F40   From 1 to 6 points   0.50%   23:05 - 23:00 CET (ie 24 hours with a 5 min break); (Friday close 22:15 CET, Monday open 00:00 CET)   BBA EUR LIBOR Overnight rate at 17:00 ET   1 / 1000   1 index point   5601.3   EUR   Feb-50   CAC40 Indexâ„¢   6/8/2011
Germany 30 Index   .DE30   From 1 to 8 points   0.50%   23:05 - 23:00 CET (ie 24 hours with a 5 min break); (Friday close 22:15 CET, Monday open 00:00 CET)   BBA EUR LIBOR Overnight rate at 17:00 ET   1 / 1000   1 index point   4065.4   EUR   Feb-50   Xetra DAX Indexâ„¢   6/8/2011
Hong Kong 40 Index   .HK40   10   1%   09:15 - 12:00 Hong Kong Time;   HIBOR Overnight rate at 17:00 ET   Jan-00   1 index point   16830   HKD   10 / 750   Hang Seng Index   3/2/2012
            13:00 - 16:15 Hong Kong Time                        
Italy 40 Index   .IT40   10   1%   09:00 - 17:40 CET   BBA EUR LIBOR Overnight rate at 17:00 ET   1 / 250   1 index point   37557   â‚¬   10 / 1000   FTSE/MIB Indexâ„¢   6/8/2011
Japan 225 Index   .JP225   From 5 to 8 points   1%   24 hours with a 5 minute pause from 16:00 to 16:05 ET-1, but we do not quote the break in CME hours from 15:15 to 15:30 ET-1. (Sunday open 17:00 ET-1; Friday close 15:15 ET-1)   BBA JPY LIBOR Overnight rate at 17:00 ET   1 / 25000   1 index point   8240   Yen   10 / 400   Nikkei 225 Indexâ„¢   6/10/2011
Spain 35 Index   .ES35   5   1%   09:00 - 20:00 CET   BBA EUR LIBOR Overnight rate at 17:00 ET   1 / 250   1 index point   11885   â‚¬   5 / 400   IBEX-35 Indexâ„¢   5/18/2012
Switzerland 20 Index   .SWI20   3   1%   08:00 - 22:00 CET   BBA CHF LIBOR Spot Next rate at 17:00 New York time   1/500   1 index point   5555.1   CHF   5 / 275   SMI Indexâ„¢   6/8/2011
UK 100 Index   .UK100   From 1 to 6 points   0.50%   22:05 - 22:00 London time (i.e. 24 hours with a 5 minute gap) (Friday close 21:15, Sunday open 23:00 London time)   BBA GBP LIBOR Overnight rate at 17:00 ET   1 / 1000   1 index point   6100   GBP   Feb-50   FTSE 100 Indexâ„¢   6/22/2012
UK 250 index   .UK250   20   1%   08:15 - 16:30 London Time   BBA GBP LIBOR Spot Next rate at 17:00 ET   1 / 100   1 index point   7901   GBP   20   FTSE 250 cash index   10/26/2009
UK 350 Sectors   .UKNMXxxxx   0.45%   Typically 5% to 10% (UK 350 BANKS sector is 25%)   08:15 - 16:30 London time   BBA GBP LIBOR Overnight rate at 17:00 ET   1 / 500   1 index point   4500.5   GBP   N/A   FTSE 350 â„¢ sectors indices   7/23/2010
US Small Cap 2000 Index   .US2000   0.4   1%   20:00 - 18:00 with a 5 minute pause from 17:00 to 17:05 ET (Sunday open 18:00 ET; Friday close 17:00 ET)   BBA USD LIBOR Overnight rate at 17:00 ET   1/ 500   1 index point   722   $   0.5 / 5   Russell 2000 Indexiâ„¢   6/10/2011
US SPX 500 Index   .US500   0.5   1%   24 hours, with a break from 15:15 to 15:30 ET-1, 16:00 to 16:05 ET-1, and 16:30 to 17:00 Chicago time. (Sunday open 17:00 ET-1; Friday close 15:15 ET-1)   BBA USD LIBOR Overnight rate at 17:00 ET   1 / 5,000   1 index point   1313.2   $   .4 / 10   E-mini S&P 500 Indexâ„¢   6/10/2011
US Tech 100 Index   .USTEC   2 from 08:35 to 15:00 Chicago time; 4 outside of these times   1%   24 hours, with a break from 15:15 to 15:30 ET-1, 16:00 to 16:05 ET-1, and 16:30 to 17:00 Chicago time. (Sunday open 17:00 ET-1; Friday close 15:15 ET-1)   BBA USD LIBOR Overnight rate at 17:00 ET   1 / 2,500   1 index point   1188.1   USD   10-Jan   E-mini Nasdaq 100â„¢   6/15/2011
US Wall Street Index 30   .US30   From 1 to 4 points   0.50%   24 hours, with a break from 15:15 to 15:30 ET-1, 16:00 to 16:05 ET-1, and 16:30 to 17:00 Chicago time. (Sunday open 17:00 ET-1; Friday close 15:15 ET-1)   BBA USD LIBOR Overnight rate at 17:00 ET   1 / 1000   1 index point   11440   USD   4 / 100   DJIA Indexâ„¢   6/22/2012
Title: IC MARKETS
Post by: e1vis on August 28, 2012, 10:30:27 PM
Loads and loads of gaps and freezes on my audcad m1 feed at the moment.
Title: Re: IC MARKETS
Post by: Highlander on August 29, 2012, 03:19:41 AM
Loads and loads of gaps and freezes on my audcad m1 feed at the moment.
may be \cause many people tried trade this pair, you know why)
Title: Re: IC MARKETS
Post by: flatour on August 29, 2012, 07:55:57 AM
I also have very worst results than with Pepper Razor... I don't know why. But better than other brokers. In 2 days Pepper did twice pips.
Title: Re: IC MARKETS
Post by: HFT Group on August 29, 2012, 08:30:20 AM
Loads and loads of gaps and freezes on my audcad m1 feed at the moment.


I have spoken with ICM and they were unable to identify any price gaps or freezes on the AUD/CAD 1 minute chart.

If you are trading ACtrader scalper please be aware that it makes trades around 'end of day' when there is the greatest disparity between brokers.
This could possibly explain the widely varying results between brokers.
Title: IC MARKETS
Post by: e1vis on August 29, 2012, 04:10:48 PM
Loads and loads of gaps and freezes on my audcad m1 feed at the moment.


I have spoken with ICM and they were unable to identify any price gaps or freezes on the AUD/CAD 1 minute chart.

If you are trading ACtrader scalper please be aware that it makes trades around 'end of day' when there is the greatest disparity between brokers.
This could possibly explain the widely varying results between brokers.

See attached example from last night. I've sent to ICM for their comments.
Title: Re: IC MARKETS
Post by: kaltrax on August 31, 2012, 08:09:06 PM
Hi Flatour

                Sorry, actually i don't follow Gold at Fx, but only how suggestion , why not take a look to trade Future Gold at CME?

                This is a regulated enviroment and better spreads, and also you can make inter-market spreads to cover your long term positions very cheap (now maybe 80$ marg.requ for an inter-calendar spread at Gold)

                Spot Gold is very dangerous for me at least.

Good Trading
Title: Re: IC MARKETS
Post by: crazycat on September 05, 2012, 11:26:49 PM
Has anyone noticed that speads on pairs other than EUR/USD not fo down to zero. I was trading AUD/USD last night and I saw it touch zero a few times, Im hoping it was not just my imagination.
Title: Re: IC MARKETS
Post by: timytots on September 08, 2012, 12:10:57 AM
yes it does look like they have lowered their spreads. I hope this does not mean there will be slippage. They have been good lately I have had some positive slippage.
Title: Re: IC MARKETS
Post by: Efx123 on September 08, 2012, 10:26:37 AM
Why doesn't IC have the same spreads as Armada Markets? I saw their spreads on the youtube: http://www.youtube.com/watch?v=ACU-Dow6qbs
Title: Re: IC MARKETS
Post by: timytots on September 09, 2012, 05:57:20 AM
Why doesn't IC have the same spreads as Armada Markets? I saw their spreads on the youtube: http://www.youtube.com/watch?v=ACU-Dow6qbs

Aramada are a whitelabel of LMAX and they are unregulated. IC Markets spreads are better, you can compare both brokers on www.fxintel.com (http://www.fxintel.com) and see for yourself.
Title: Re: IC MARKETS
Post by: bearnakedbull on September 11, 2012, 05:35:52 PM
The best spread comparison tool is available at myfxbook.com. You can chose the brokers and what pairs to compare in real time. ICM is among the best for spreads. The posted commissions on myfxbook.com are not always accurate but the spreads are true.

http://www.myfxbook.com/forex-broker-spreads
Title: Re: IC MARKETS
Post by: geektrader on September 11, 2012, 08:10:19 PM
Armada are not unregulated, no broker within a EU country can be unregulated, they all have to be regulated by their local EU country which has to follow the min. EU standards on top of that as well.
Title: Re: IC MARKETS
Post by: robl45 on September 13, 2012, 09:58:33 PM
had my first real slippage today. about 3 pips or so, still not bad, many things are positive slip and the negative is usually less than 1 so can't really complain and this was during FOMC today so its expected slippage could happen.
Title: Re: IC MARKETS
Post by: flatour on September 14, 2012, 01:32:12 AM
Thank you, I also got 1 to 5 pips negative slippage on all my trades (about 20) with a tick scalper. It was while news release. Open and close slippage. Maybe due to stops/limit orders. I have to do other 0.01 tests. But this is unfortunately normal and the case on most decent brokers (maybe as they don't b-book or whatever...)

Title: Re: IC MARKETS
Post by: flatour on September 14, 2012, 01:48:21 AM
BTW seems NMI did very well yesterday on ICMarkets. So not all tick scalpers seems concerned.
Title: Re: IC MARKETS
Post by: robl45 on September 14, 2012, 04:01:05 AM
Thank you, I also got 1 to 5 pips negative slippage on all my trades (about 20) with a tick scalper. It was while news release. Open and close slippage. Maybe due to stops/limit orders. I have to do other 0.01 tests. But this is unfortunately normal and the case on most decent brokers (maybe as they don't b-book or whatever...)

i actually got up to 4.7 pips on one trade, still not bad at all.
Title: Re: IC MARKETS
Post by: Szilard on September 14, 2012, 09:35:20 AM
I read in this forum that IC Markets gives 5,5AUD comission to fourm emembers. HOwever i do not find comission in my demo transaction history. Yesterday installed ICM MT4, made test trades (impressed by spread), ans watched what happens. No comissions. Now i opened MT4 again, and still no comissions in history. Is it possible that they turned to no comission with such spreads?
Title: Re: IC MARKETS
Post by: crazycat on September 16, 2012, 11:31:25 PM
I have seen a few rebate sites that give $1.50 rebate on ICM ECN accounts
Title: IC MARKETS
Post by: HFT Group on September 16, 2012, 11:49:46 PM
Yep, everyone wants to compete with the best deal available for ICM. They get your business then reduce the rebate after a month or two! We have seen this with 3 Retail IB's/rebate providers recently reducing rebates on 2 brokers. A commission discount is a better option  IMHO. The funds stay in your trading account and you receive the benefit immediately. And it won't be reduced in a month or two by greedy rebate providers!
Title: Re: IC MARKETS
Post by: robl45 on September 18, 2012, 03:45:41 AM
love ic markets, best broker yet, they even beat collective and collective was really good.  The only thing that would make them perfect is better communication.  with all my other brokers, i could reach someone 24 hours a day on chat or email.  Skype just really isnt an option when you out and about or at work and only have your phone to communicate especially if it can't run skype.  and international calling is not an option for me either.  i don't see why people think armada is so great, not that there is anything wrong with them, but slippage here is negligible and spreads are much lower than armada and they are ASIC regulated.
Title: Re: IC MARKETS
Post by: HFT Group on September 19, 2012, 09:06:01 AM
I read in this forum that IC Markets gives 5,5AUD comission to fourm emembers. HOwever i do not find comission in my demo transaction history. Yesterday installed ICM MT4, made test trades (impressed by spread), ans watched what happens. No comissions. Now i opened MT4 again, and still no comissions in history. Is it possible that they turned to no comission with such spreads?


The demo feed is from a shared server and isn't a great indication of the live feed.

Commissions will show on the live feed.
Title: Re: IC MARKETS
Post by: HFT Group on September 19, 2012, 09:12:44 AM
had my first real slippage today. about 3 pips or so, still not bad, many things are positive slip and the negative is usually less than 1 so can't really complain and this was during FOMC today so its expected slippage could happen.

FOMC slippage was inevitable and as expected on true ECN brokers. I have been impressed with the minimal slippage experienced on ICM during high impact news releases compared to other brokers.
Reports of much higher slippage with other brokers was posted in other threads.

At the end of the day its about the profits.

+140 pips on ICM for FOMC and +200 for the week.
The best result of the three brokers I use  :)
Title: Re: IC MARKETS
Post by: flatour on September 19, 2012, 09:32:15 AM
I got systematic 1-6 pips slippage while FOMC. EA logs show it.
I don't like that but it is normal. It was test done on 0.01.
On everyday manual trade, how to check if I get slippage or no?
Thanks
Title: Re: IC MARKETS
Post by: crashev on September 19, 2012, 09:41:58 AM
I got systematic 1-6 pips slippage while FOMC. EA logs show it.
I don't like that but it is normal. It was test done on 0.01.
On everyday manual trade, how to check if I get slippage or no?
Thanks

Open slippage can not be checked if You do not record the price You wanted to open at vs. the price the order was opened at.
For close You can compare in history s/l that was on order vs. the real price it was closed on.
Title: Re: IC MARKETS
Post by: robl45 on September 19, 2012, 02:01:01 PM
the only way to really determine open slippage is with an open prices EA.  You know it should open at the open price of the bar so on sells you can tell if it slipped. i caught hotforex slipping me 7-11 pips.
Title: Re: IC MARKETS
Post by: jshear on September 19, 2012, 05:43:57 PM
I recently opened an account at IC though HFT Group and funded it today. I look forward to trying them out as Robi and other members have only had so far a good experience with them. After downloading the MT4 platform I see they offer a one click trading solution. Glad to see that.


Cheers

Jeff :)
Title: Re: IC MARKETS
Post by: crashev on September 20, 2012, 10:01:54 AM
Their comission for deposits are pretty high, I've sent them 305 USD via moneybookers/skrill and recived only 281.80 in my account.
Title: Re: IC MARKETS
Post by: robl45 on September 20, 2012, 12:17:17 PM
then don't use moneybookers
Title: Re: IC MARKETS
Post by: crashev on September 20, 2012, 12:20:27 PM
then don't use moneybookers

I wonder how it works with cc?
Because wire transfers take forever to reach the destination.

robl45: which method did You use?
Title: Re: IC MARKETS
Post by: adele on September 20, 2012, 12:47:25 PM
Wire transfer is the recommended deposit method for non-Australians.
Title: Re: IC MARKETS
Post by: jfk on September 20, 2012, 12:57:13 PM

i'm not australian and i payed the wire bank $ 22 with ICM
and Pepperstone $15

from Europe
Title: Re: IC MARKETS
Post by: 3827 on September 20, 2012, 01:01:24 PM
So, ain't much difference between MB and CC.

I use MB most of the time.


i'm not australian and i payed the wire bank $ 22 with ICM
and Pepperstone $15

from Europe
Title: Re: IC MARKETS
Post by: crashev on September 20, 2012, 01:13:16 PM
The biggest problem with international wire transfer is it takes a long time. It just took me 2 weeks (sic!) to withdraw money via such transfer from one of the brokers.

It works only fine in the European Union, where we have SEPA instead of SWIFT wire transfers.
Title: Re: IC MARKETS
Post by: 3827 on September 20, 2012, 01:37:58 PM
If you are a customer of HSBC PREMIER, you can open a bank account with HSBC Australia without having to visit Australia. Then you do all your deposits and withdrawals to any broker in Australia via local using online banking and transfer the money to your HSBC account in Europe internally. The money is available instantly. You pay no fee at all.

The biggest problem with international wire transfer is it takes a long time. It just took me 2 weeks (sic!) to withdraw money via such transfer from one of the brokers.

It works only fine in the European Union, where we have SEPA instead of SWIFT wire transfers.
Title: Re: IC MARKETS
Post by: crashev on September 20, 2012, 01:45:53 PM
If you are a customer of HSBC PREMIER, you can open a bank account with HSBC Australia without having to visit Australia. Then you do all your deposits and withdrawals to any broker in Australia via local using online banking and transfer the money to your HSBC account in Europe internally. The money is available instantly. You pay no fee at all.

The biggest problem with international wire transfer is it takes a long time. It just took me 2 weeks (sic!) to withdraw money via such transfer from one of the brokers.

It works only fine in the European Union, where we have SEPA instead of SWIFT wire transfers.

That is an interesting option, will consider this.
Thanks for info!
Title: Re: IC MARKETS
Post by: HFT Group on September 20, 2012, 02:08:34 PM
ICM do use Moneybookers but only in AUD currently.

ICM charge no fees for deposits or withdrawals.

Any fees you incur will be Moneybookers fees or your own banks' fees.

Overseas wire deposits sometimes go through an intermediary bank once they are wired from your bank so this could explain seemingly high fees.
Title: Re: IC MARKETS
Post by: robl45 on September 20, 2012, 10:38:40 PM
then don't use moneybookers

I wonder how it works with cc?
Because wire transfers take forever to reach the destination.

robl45: which method did You use?

I used wire, first time 2 days, second time maybe 3 days, the time difference there makes things a bit messed up as well, so it can take longer.  its normal for some money to be zapped away with wires showing up with less money.  what really gets me is how more money can be zapped away when the amount sent is less and less money zapped away when you send more.

at any rate, thats really the only feasible way to send big dollar amounts.  the HSBC thing looks interesting but i'm guessing it has to be done in AUD?
Title: Re: IC MARKETS
Post by: robl45 on September 21, 2012, 01:56:21 AM

100000 needed for this account, if you have that, fees are not a big issue

If you are a customer of HSBC PREMIER, you can open a bank account with HSBC Australia without having to visit Australia. Then you do all your deposits and withdrawals to any broker in Australia via local using online banking and transfer the money to your HSBC account in Europe internally. The money is available instantly. You pay no fee at all.

The biggest problem with international wire transfer is it takes a long time. It just took me 2 weeks (sic!) to withdraw money via such transfer from one of the brokers.

It works only fine in the European Union, where we have SEPA instead of SWIFT wire transfers.
Title: Re: IC MARKETS
Post by: PisceanTrader on September 21, 2012, 02:35:08 AM
I read in this forum that IC Markets gives 5,5AUD comission to fourm emembers. HOwever i do not find comission in my demo transaction history. Yesterday installed ICM MT4, made test trades (impressed by spread), ans watched what happens. No comissions. Now i opened MT4 again, and still no comissions in history. Is it possible that they turned to no comission with such spreads?


The demo feed is from a shared server and isn't a great indication of the live feed.

Commissions will show on the live feed.

Commissions are shown on my Demo's (albeit at the standard rate). Just need to be careful when choosing the server, ie Demo ECN. Your account # will be something like 2089xxxxxx.
Title: Re: IC MARKETS
Post by: Ammeo on September 21, 2012, 10:34:11 PM
I recently opened an account at IC though HFT Group and funded it today. I look forward to trying them out as Robi and other members have only had so far a good experience with them. After downloading the MT4 platform I see they offer a one click trading solution. Glad to see that.


Cheers

Jeff :)

wats the procedure of opening ICM account through HFT group ..i tried to find it out on internet bt couldnt find a solid resuly.......and i've heard through HFT group the commision is 5.5 $ /lot round....is it true??
Title: Re: IC MARKETS
Post by: jshear on September 21, 2012, 10:59:13 PM
Yes it's true. Use Jon's link to join and you will get these lower commissions


Jeff
Title: Re: IC MARKETS
Post by: HFT Group on September 21, 2012, 11:38:26 PM
I recently opened an account at IC though HFT Group and funded it today. I look forward to trying them out as Robi and other members have only had so far a good experience with them. After downloading the MT4 platform I see they offer a one click trading solution. Glad to see that.


Cheers

Jeff :)

wats the procedure of opening ICM account through HFT group ..i tried to find it out on internet bt couldnt find a solid resuly.......and i've heard through HFT group the commision is 5.5 $ /lot round....is it true??


All anyone needs to do to obtain the discounted commission rate for ICM is PM or email me for the link.

@Ammeo......please check your PM,s.
Title: Re: IC MARKETS
Post by: jfk on September 22, 2012, 01:55:53 PM

Where can i find the Ipad App for this broker ?
Title: Re: IC MARKETS
Post by: crashev on September 22, 2012, 02:17:47 PM

Where can i find the Ipad App for this broker ?

There are no brokers mt4 apps for some time , there is generic mt4 app in app store that covers all brokers
Title: Re: IC MARKETS
Post by: jfk on September 22, 2012, 02:22:04 PM

Where can i find the Ipad App for this broker ?

There are no brokers mt4 apps for some time , there is generic mt4 app in app store that covers all brokers

yes, but the broker need to pay 1 licence ? ICM doesn't pay this licence ?
i don't find ICM on the MT4 App ?
Title: Re: IC MARKETS
Post by: muzzamcc on September 22, 2012, 02:23:22 PM

Where can i find the Ipad App for this broker ?

There are no brokers mt4 apps for some time , there is generic mt4 app in app store that covers all brokers
Actually there is one for IC markets, on android there is anyway. I couldn't find IC servers in the generic mt4 android app but they have their own, called droidtrader. Works ok
Title: Re: IC MARKETS
Post by: jfk on September 22, 2012, 02:32:07 PM

Where can i find the Ipad App for this broker ?

There are no brokers mt4 apps for some time , there is generic mt4 app in app store that covers all brokers


Actually there is one for IC markets, on android there is anyway. I couldn't find IC servers in the generic mt4 android app but they have their own, called droidtrader. Works ok

only works with Android OS ?
Title: Re: IC MARKETS
Post by: muzzamcc on September 22, 2012, 03:13:36 PM

Where can i find the Ipad App for this broker ?

There are no brokers mt4 apps for some time , there is generic mt4 app in app store that covers all brokers


Actually there is one for IC markets, on android there is anyway. I couldn't find IC servers in the generic mt4 android app but they have their own, called droidtrader. Works ok

only works with Android OS ?
Sorry i don't know. I assume it would be available on iphone too.
Title: Re: IC MARKETS
Post by: flatour on September 22, 2012, 06:43:00 PM
ICM is not in iPhone's Metatrader list. They say "ask your broker to contact us to be in that list"...
Title: Re: IC MARKETS
Post by: jshear on September 22, 2012, 08:43:11 PM
Yes we should start emailing them as they are not a supported broker yet.


Jeff
Title: Re: IC MARKETS
Post by: crazycat on September 23, 2012, 09:18:14 AM
looks like the now have live chat on their site.
Title: Re: IC MARKETS
Post by: jfk on September 23, 2012, 10:13:17 AM
Yes we should start emailing them as they are not a supported broker yet.


Jeff

Yes, it's a problem for me !
Title: Re: IC MARKETS
Post by: forexfish on September 23, 2012, 10:21:05 AM
Yes we should start emailing them as they are not a supported broker yet.


Jeff

Yes, it's a problem for me !


I am considering to open a new account at IC Market.

Would you suggest ?
Title: Re: IC MARKETS
Post by: pallruf88 on September 23, 2012, 10:41:40 AM
Yeah this broker looks good to invest.. So any takers?
Title: Re: IC MARKETS
Post by: forexfish on September 23, 2012, 10:54:50 AM

Thanks Pallruf88

I was looking FPA reviews, last 12 reviews are from Australian clients, is it coincidence ?

I have downloaded their MT4,   what account you suggest ECN or STP, it gives both options ?
Title: Re: IC MARKETS
Post by: forexfish on September 23, 2012, 10:58:18 AM

Thanks Pallruf88

I was looking FPA reviews, last 12 reviews are from Australian clients, is it coincidence ?

I have downloaded their MT4,   what account you suggest ECN or STP, it gives both options ?

Sorry this is FPA link

http://www.forexpeacearmy.com/public/review/www.icmarkets.com.au

All 5 stars  WOW
Title: Re: IC MARKETS
Post by: pallruf88 on September 23, 2012, 10:59:08 AM

Thanks Pallruf88

I was looking FPA reviews, last 12 reviews are from Australian clients, is it coincidence ?

I have downloaded their MT4,   what account you suggest ECN or STP, it gives both options ?

I will be trying both as i have installed 2 MT4. I want to see if there is any difference in execution.
Title: Re: IC MARKETS
Post by: forexfish on September 23, 2012, 11:16:48 AM

Thanks Pallruf88

I was looking FPA reviews, last 12 reviews are from Australian clients, is it coincidence ?

I have downloaded their MT4,   what account you suggest ECN or STP, it gives both options ?

I will be trying both as i have installed 2 MT4. I want to see if there is any difference in execution.

Are you planning to run demo first on both ECN and STP or going live straight ?

My plan is to go live straight.
Title: Re: IC MARKETS
Post by: pallruf88 on September 23, 2012, 11:31:04 AM

Thanks Pallruf88

I was looking FPA reviews, last 12 reviews are from Australian clients, is it coincidence ?

I have downloaded their MT4,   what account you suggest ECN or STP, it gives both options ?

I will be trying both as i have installed 2 MT4. I want to see if there is any difference in execution.

Are you planning to run demo first on both ECN and STP or going live straight ?

My plan is to go live straight.

I am funding both live accounts and testing on both platforms.
Title: Re: IC MARKETS
Post by: forexfish on September 23, 2012, 11:38:29 AM

Thanks Pallruf88

I was looking FPA reviews, last 12 reviews are from Australian clients, is it coincidence ?

I have downloaded their MT4,   what account you suggest ECN or STP, it gives both options ?

I will be trying both as i have installed 2 MT4. I want to see if there is any difference in execution.

Are you planning to run demo first on both ECN and STP or going live straight ?

My plan is to go live straight.

I am funding both live accounts and testing on both platforms.

Thanks I will go live with one account and see how it goes and then think later for any further account.

Please share your experience for both so members can compare.

Title: Re: IC MARKETS
Post by: pallruf88 on September 23, 2012, 11:41:08 AM

Thanks Pallruf88

I was looking FPA reviews, last 12 reviews are from Australian clients, is it coincidence ?

I have downloaded their MT4,   what account you suggest ECN or STP, it gives both options ?

I will be trying both as i have installed 2 MT4. I want to see if there is any difference in execution.

Are you planning to run demo first on both ECN and STP or going live straight ?

My plan is to go live straight.

I am funding both live accounts and testing on both platforms.

Thanks I will go live with one account and see how it goes and then think later for any further account.

Please share your experience for both so members can compare.

Ok Noted
Title: Re: IC MARKETS
Post by: jshear on September 23, 2012, 12:21:14 PM
IC markets in my few days of testing them have been fine. Low commissions thanks to Jon and his HGT Group. 

Cheers


Jeff


Title: Re: IC MARKETS
Post by: robl45 on September 23, 2012, 03:36:56 PM
most people will miss that chat on the very bottom of the page, but at least they have it.  now lets see when its actually staffed.
Title: Re: IC MARKETS
Post by: bearnakedbull on September 23, 2012, 04:52:49 PM
They have a skype ID.
Title: Re: IC MARKETS
Post by: jfk on September 24, 2012, 07:59:27 AM

ICM's Ipad and Iphone App

http://itunes.apple.com/ua/app/ic-markets-itrader/id455164648?mt=8     ;D
Title: Re: IC MARKETS
Post by: flatour on September 24, 2012, 08:21:55 AM
Thanks!!! waited for it long time!
Title: Re: IC MARKETS
Post by: pallruf88 on September 24, 2012, 08:35:41 AM
wow just made trading easier and on the go :)
Title: Re: IC MARKETS
Post by: flatour on September 24, 2012, 08:42:49 AM
Hello,
In my own experience, while scalping with ICMarket while news, I got systematic slippage.
But I saw Jonpearce did nice profits with NMI...

Other who scalped while big moves (news usually), did you get slippage?

Thanks
Title: Re: IC MARKETS
Post by: 3827 on September 24, 2012, 08:46:47 AM
Yes and 60% positive.


Hello,
In my own experience, while scalping with ICMarket while news, I got systematic slippage.
But I saw Jonpearce did nice profits with NMI...

Other who scalped while big moves (news usually), did you get slippage?

Thanks
Title: Re: IC MARKETS
Post by: flatour on September 24, 2012, 08:53:22 AM
Oh, ok, good to know. I was unlucky because I got only negative slippage. But it was on 0.01 tests. Good to know that. Thanks!

PS no way to know if I have slippage, positive or negative, if EA does not record it?
Title: Re: IC MARKETS
Post by: petersurrey on September 24, 2012, 08:57:51 AM
Oh, ok, good to know. I was unlucky because I got only negative slippage. But it was on 0.01 tests. Good to know that. Thanks!

PS no way to know if I have slippage, positive or negative, if EA does not record it?

slippage= difference between SL and close price.

Test with small lots ( 0.01) first and gradually increase.

Title: Re: IC MARKETS
Post by: 3827 on September 24, 2012, 08:58:52 AM
Things should be okay if you have the SL and TP to the trade server. Nonetheless, slippage should be very normal with ECN and should be mixed of positive and negative slippage.



Oh, ok, good to know. I was unlucky because I got only negative slippage. But it was on 0.01 tests. Good to know that. Thanks!

PS no way to know if I have slippage, positive or negative, if EA does not record it?
Title: Re: IC MARKETS
Post by: Chippy on September 24, 2012, 02:40:16 PM
Guys, I've been reading about IC Markets for a while and thinking about opening an account with them, can anyone advise as to what paperwork I need to open an account and is it easy to open and fund etc? Thanks
Title: Re: IC MARKETS
Post by: nc! on September 24, 2012, 03:31:00 PM
Anyone running Robin Vol successfully at IC Markets? How is it compare to the official account?

Thanks in advance

NC!
Title: Re: IC MARKETS
Post by: HFT Group on September 24, 2012, 03:37:12 PM
Guys, I've been reading about IC Markets for a while and thinking about opening an account with them, can anyone advise as to what paperwork I need to open an account and is it easy to open and fund etc? Thanks


There is a discount available for forum members for IC Markets. Please contact me for further information.
Title: Re: IC MARKETS
Post by: Chippy on September 24, 2012, 03:45:23 PM
Thanks Jon I sent you a PM re: opening the account
Title: Re: IC MARKETS
Post by: HFT Group on September 24, 2012, 03:56:40 PM
Lots of inquiries for information on IC Markets and the commission discount so have reposted the info from post one below as its buried 36 pages back in this thread.





IC Markets 'True ECN' account.

Regulation: ASIC (Australia) fully regulated 'Grade A' broker.

Feed: Integral. STP/ECN.  Raw spread plus commission.

Sever location: NY4

Minimum deposit: $200AUD or equivalent.

Leverage: 500:1 up to $1K, 400:1 $1K to $20K, 300:1                          $20K to $50K

Minimum lot size: 0.01 lots  (yes, 0.01 lots).

Stop level: Zero pips.

Account currencies: AUD, USD, EUR, GBP, SGD.

US residents with IBC are accepted.

Free VPS: CNS Value Edition vps available for accounts trading over 20 lots r/t per month (100 lots with discounted commission). No minimum account balance.

Below is a list of the supported account funding currencies with the discounted commission rate per full lot round trip.


AUD - 5.50

USD - 5.50

EUR - 4.60

GBP - 3.70

SGD - 7.00


Existing non-IB accounts are eligible for the reduced commission charge.
Please contact IC Markets quoting your existing non-IB account number together with a request to be placed under the 'HFT Group agreement'.

Please contact me for access to the HFT Group discounted commission agreement for the IC Markets 'True ECN' account.

I have applied for an account and will provide a public myfxbook  running NMI SS at default, with both conservative and non-conservative settings, ASAP.

An invitation will be extended to a representative of IC Markets to provide additional information and answer questions from forum members.




Following requests from a few Envy users, I have contacted IC Markets to clarify the special conditions offered to Envy users on the ICM True ECN account.

500:1 leverage can be requested on all account sizes after your account has been opened.
This is subject to the condition that the account will be used solely to trade Forex Envy. ICM reserve the right to reduce leverage to the standard level if they feel this requirement is not met.

The discounted commission offer extended to all forum members for the ICM True ECN account is available to members trading Forex Envy.

A discounted commission charge retains more equity in your trading account for Envy, as opposed to the rebates being offered by a few obscure rebate providers.
 
Existing non-IB accounts are eligible for the discounted commission.

Members with existing IB accounts would need to open a new account to receive the discounted commission rate.

Please note: The minimum requirement for the free CNS vps for accounts receiving the discounted commission rate is now 100 r/t lots per month.
Title: Re: IC MARKETS
Post by: flatour on September 25, 2012, 09:21:14 PM
Hello, can you help me please?

Thanks


2012.09.25 22:20:20   'xxxx': order sell 1.00 US30 opening at 0.00 sl: 0.00 tp: 0.00 failed [Off quotes]
Title: Re: IC MARKETS
Post by: HFT Group on September 26, 2012, 01:10:51 AM
Hello, can you help me please?

Thanks


2012.09.25 22:20:20   'xxxx': order sell 1.00 US30 opening at 0.00 sl: 0.00 tp: 0.00 failed [Off quotes]

This CFD trade was attempted at end of day when pricing is patchy.

There may not have been an active quote at the time the trade was attempted.
Title: Re: IC MARKETS
Post by: Chippy on September 26, 2012, 10:17:32 PM
I havent traded a commision based account before please can you advise, with regards to the commission per trade, if for example you trade a 0.5 lot does that mean that you pay half of the commission? Eg.

Trade 1 Lot = Full commision
Trade 0.5 Lot = Half commision
and so on?

Is this how it works? Thanks
Title: Re: IC MARKETS
Post by: canfx1 on September 27, 2012, 02:19:46 PM
I have an issue with trading at IC MArkets today. I put a pending order in XAGUSD. The price is past the pending order for more than 1 hour but it is still showing as pending (see attached, sell limit place at red line) & I am not allowed to modify or delete the order. Send an email to support (skype contact unresponsive). Will update here.

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fimageshack.us%2Fa%2Fimg521%2F2578%2F65354216.gif&hash=10a137741a4e1cd63504f2ed2179221c)

update: ICmarkets sent the response & deleted the order as it was less than the minimum allowed lot size for XAGUSD.  :) 8)
Title: Re: IC MARKETS
Post by: muzzamcc on September 27, 2012, 02:25:03 PM
I havent traded a commision based account before please can you advise, with regards to the commission per trade, if for example you trade a 0.5 lot does that mean that you pay half of the commission? Eg.

Trade 1 Lot = Full commision
Trade 0.5 Lot = Half commision
and so on?

Is this how it works? Thanks
Yes, eg 0.01 lots costs $0.07, 0.1 lots costs $0.70 and 1 lot costs $7 AUD in commissions.
Title: Re: IC MARKETS
Post by: Chippy on September 27, 2012, 05:46:04 PM
Thank you for your reply muzzamcc, appreciate your help  ;)
Title: Re: IC MARKETS
Post by: Chippy on September 28, 2012, 04:19:35 AM
Is anyone using the webIRESS platform? or do most here use MT4? webIRESS looks interesting
Title: Re: IC MARKETS
Post by: Chippy on September 28, 2012, 04:39:54 AM
I have an issue with trading at IC MArkets today. I put a pending order in XAGUSD. The price is past the pending order for more than 1 hour but it is still showing as pending (see attached, sell limit place at red line) & I am not allowed to modify or delete the order. Send an email to support (skype contact unresponsive). Will update here.

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fimageshack.us%2Fa%2Fimg521%2F2578%2F65354216.gif&hash=10a137741a4e1cd63504f2ed2179221c)

update: ICmarkets sent the response & deleted the order as it was less than the minimum allowed lot size for XAGUSD.  :) 8)

Hi canforex can I ask you please how is trading with IC Markets? glad you got the order sorted
Title: Re: IC MARKETS
Post by: odysseus11 on September 28, 2012, 04:30:44 PM
we really need a 24 hour support contact.
Unacceptable situation.
Emailed Angus about it again yesterday, no response yet.
Title: Re: IC MARKETS
Post by: pallruf88 on September 28, 2012, 04:46:54 PM
I they should improve their support or they will lose customers.
Title: Re: IC MARKETS
Post by: canfx1 on September 28, 2012, 05:23:24 PM
Hi canforex can I ask you please how is trading with IC Markets? glad you got the order sorted

Yes, other than 24 hour live support, manual trading conditions have been better than any other broker I have traded.
Title: Re: IC MARKETS
Post by: adele on September 28, 2012, 08:02:50 PM
Their demo platform has been frozen for over 2 hours. Does anyone know why?
Title: Re: IC MARKETS
Post by: alisonr on September 28, 2012, 11:42:14 PM
I they should improve their support or they will lose customers.

Agree, fast execution, good spreads but a very slow response support.... seems they are trying to add live chat to their site but still not working 
Title: Re: IC MARKETS
Post by: Chippy on September 29, 2012, 01:52:49 AM
Hi canforex can I ask you please how is trading with IC Markets? glad you got the order sorted

Yes, other than 24 hour live support, manual trading conditions have been better than any other broker I have traded.

Great thanks canforex, I got an email from Support and think I will go ahead and open the account soon. I was looking at the webIRESS platform too but may stick with MT4, thank you for your reply
Title: Re: IC MARKETS
Post by: flatour on September 29, 2012, 06:14:12 PM
Hi, I also would like some informations about demo downtime, especially if it shouldn't happen again.

About gold, do you use XAUUSDi or .GOLD?
Same question for XAGUSDi and .SILVER. Which one has the better spread usually?

Thanks
Title: Re: IC MARKETS
Post by: crazycat on September 30, 2012, 12:52:37 AM
Is anyone else using Super Scalper with ICM?. I got and email promoting forex minute trader the other day, I think this is the same EA. Can anyone confirm.
Title: Re: IC MARKETS
Post by: muzzamcc on September 30, 2012, 01:06:23 AM
Is anyone else using Super Scalper with ICM?. I got and email promoting forex minute trader the other day, I think this is the same EA. Can anyone confirm.
They are one and the same EA, just different restrictions with FMT
Title: Re: IC MARKETS
Post by: JimBss on September 30, 2012, 09:04:25 AM
What kinda ping do you guys get from the UK?

Regards
Title: Re: IC MARKETS
Post by: Dash on September 30, 2012, 09:07:58 AM
hey guys what are your experiences with:

1. customer service
2. withdrawals

also you guys reckon this broker is safe enough for 50-100k+ ? I am looking at spreading my eggs, instead of putting it all in one basket.
Title: Re: IC MARKETS
Post by: LFN on September 30, 2012, 09:19:18 AM
ASIC regulated Australian brokers has no compensation in case of insolvency  :(
That is what I read on another topic www.donnaforex.com/forum/index.php?topic=6390.msg213978#msg213978

Title: Re: IC MARKETS
Post by: crazycat on September 30, 2012, 10:56:53 AM
hey guys what are your experiences with:

1. customer service
2. withdrawals

also you guys reckon this broker is safe enough for 50-100k+ ? I am looking at spreading my eggs, instead of putting it all in one basket.

I find their customer service to be pretty good you can contact them by email or chat and they respond fairly quickly. Whenever I make a withdrawal I see the money in my bank account the next day but I am in Australia, however other users have said that it takes 2-3 days to get you money if you are outside Australia.

Overall I am happy with ICM.
Title: Re: IC MARKETS
Post by: pallruf88 on October 01, 2012, 08:00:15 AM
Man i am getting response from ICM so slow... I am asking them to increase my leverage which is taking ages :(
Title: Re: IC MARKETS
Post by: crashev on October 01, 2012, 01:47:37 PM
Man i am getting response from ICM so slow... I am asking them to increase my leverage which is taking ages :(

Their support is their weakest point, that for sure.
Most of things like leverage change I did by priv messaging JON who handles HFT group and he arranged it for me in minutes.
Title: Re: IC MARKETS
Post by: sugiatno on October 02, 2012, 02:18:21 AM
I have open an account wih JohnPearce link for discounted commision,and have funded 1000 aud via credit card.IC Market have send me email 3 times that asked for my scanned credit card.is this normal behavior for this broker? Why it so difficult to open and funding? I'm still thinking,do i have to tell my credit card provider to reject their request? Because look fishy here

Hi Sugiatno,
 
Thank you for funding your account. In order to have the funds applied to your account please send a scan of the front and back of the card with the first 6 and last 4 digits visible.
 
We appreciate your patience with this and will apply your funds as soon as we have these documents.
 
Kind regards,
 
IC Markets Sales 
 
Tel:          1300 600 644
Fax:         02 8072 2120
Email:      sales@icmarkets.com.au      
Web:       www.icmarkets.com.au

If only 1x,i will understand.but 3 times?
Title: Re: IC MARKETS
Post by: HFT Group on October 02, 2012, 02:29:47 AM
I have open an account wih JohnPearce link for discounted commision,and have funded 1000 aud via credit card.IC Market have send me email 3 times that asked for my scanned credit card.is this normal behavior for this broker? Why it so difficult to open and funding? I'm still thinking,do i have to tell my credit card provider to reject their request? Because look fishy here

Hi Sugiatno,
 
Thank you for funding your account. In order to have the funds applied to your account please send a scan of the front and back of the card with the first 6 and last 4 digits visible.
 
We appreciate your patience with this and will apply your funds as soon as we have these documents.
 
Kind regards,
 
IC Markets Sales
 
Tel:          1300 600 644
Fax:         02 8072 2120
Email:      sales@icmarkets.com.au     
Web:       www.icmarkets.com.au

If only 1x,i will understand.but 3 times?


It is standard practice with many brokers to request a scanned copy of both the front and back of a credit card for accounts funded this way.

I have contacted ICM to find out if there is a problem, perhaps with the scanned image.

I will post a reply as soon as I receive a response or will PM you if necessary.
Title: Re: IC MARKETS
Post by: alisonr on October 02, 2012, 03:24:18 AM
I have open an account wih JohnPearce link for discounted commision,and have funded 1000 aud via credit card.IC Market have send me email 3 times that asked for my scanned credit card.is this normal behavior for this broker? Why it so difficult to open and funding? I'm still thinking,do i have to tell my credit card provider to reject their request? Because look fishy here

Hi Sugiatno,
 
Thank you for funding your account. In order to have the funds applied to your account please send a scan of the front and back of the card with the first 6 and last 4 digits visible.
 
We appreciate your patience with this and will apply your funds as soon as we have these documents.
 
Kind regards,
 
IC Markets Sales
 
Tel:          1300 600 644
Fax:         02 8072 2120
Email:      sales@icmarkets.com.au     
Web:       www.icmarkets.com.au

If only 1x,i will understand.but 3 times?

I had account in other two brokers that asked me the same, seems they are trying to protect themselves against frauds
Title: Re: IC MARKETS
Post by: HFT Group on October 02, 2012, 03:44:43 AM
What kinda ping do you guys get from the UK?

Regards

Ping wouldn't be great from the UK as ICM servers are in NY.

Beeks NY4 or CNS US vps both give excellent ping times.
Title: Re: IC MARKETS
Post by: pallruf88 on October 02, 2012, 03:46:10 AM
They have disable the ping for IC markets as I am using CNS
Title: Re: IC MARKETS
Post by: HFT Group on October 02, 2012, 04:11:41 AM
They have disable the ping for IC markets as I am using CNS

To ping the ICM live server you need to use traceroute:
 tracert 38.76.4.30
Title: Re: IC MARKETS
Post by: HFT Group on October 02, 2012, 04:13:40 AM
I have open an account wih JohnPearce link for discounted commision,and have funded 1000 aud via credit card.IC Market have send me email 3 times that asked for my scanned credit card.is this normal behavior for this broker? Why it so difficult to open and funding? I'm still thinking,do i have to tell my credit card provider to reject their request? Because look fishy here

Hi Sugiatno,
 
Thank you for funding your account. In order to have the funds applied to your account please send a scan of the front and back of the card with the first 6 and last 4 digits visible.
 
We appreciate your patience with this and will apply your funds as soon as we have these documents.
 
Kind regards,
 
IC Markets Sales
 
Tel:          1300 600 644
Fax:         02 8072 2120
Email:      sales@icmarkets.com.au     
Web:       www.icmarkets.com.au

If only 1x,i will understand.but 3 times?


It is standard practice with many brokers to request a scanned copy of both the front and back of a credit card for accounts funded this way.

I have contacted ICM to find out if there is a problem, perhaps with the scanned image.

I will post a reply as soon as I receive a response or will PM you if necessary.


ICM responded that this is a requirement of all clients funding via credit card to prevent fraud.
Title: Re: IC MARKETS
Post by: pallruf88 on October 02, 2012, 04:29:52 AM
I used mooneybooker to fund the account to get rid of all this mess. :)
Title: Re: IC MARKETS
Post by: sand2000 on October 03, 2012, 12:30:27 AM
Jon, can you please pm me the info on opening an account with IC Markets as well as the discounted commission info?

Thank you!  :)
Title: Re: IC MARKETS
Post by: pallruf88 on October 03, 2012, 06:59:45 AM
Yea jon how did you get discounted commission. PM me too
Title: Re: IC MARKETS
Post by: HFT Group on October 03, 2012, 07:30:10 AM
If anyone wants the discount link for ICM please PM me.

My PMs come straight through to my email but I don't always see posted requests immediately.

Thanks  ;)
Title: Re: IC MARKETS
Post by: crazycat on October 05, 2012, 11:24:53 AM
I see that there are more currency pairs on the platform now so it is much better for the StatArb Pro EA. But I still can not trade the VIX or DX?
Title: Re: IC MARKETS
Post by: petermatt on October 05, 2012, 11:31:51 AM
I see that there are more currency pairs on the platform now so it is much better for the StatArb Pro EA. But I still can not trade the VIX or DX?

Not enough history though.
Title: Re: IC MARKETS
Post by: crazycat on October 06, 2012, 07:08:45 AM
I think that you can upload history from the metaquotes history center.

Backtesting EAs is pointless anyway as EAs can be "curved fitted" to make them look good on hisotrical data, forward testing is the only reliable way of really testing and EAs performance.
Title: Re: IC MARKETS
Post by: robl45 on October 06, 2012, 03:51:35 PM
I think that you can upload history from the metaquotes history center.

Backtesting EAs is pointless anyway as EAs can be "curved fitted" to make them look good on hisotrical data, forward testing is the only reliable way of really testing and EAs performance.

okay, good luck with that, I'll see you in a couple of years after I've made money while you are still forward testing.
Title: IC MARKETS
Post by: e1vis on October 06, 2012, 05:55:05 PM
I see that there are more currency pairs on the platform now so it is much better for the StatArb Pro EA. But I still can not trade the VIX or DX?

Not enough history though.

You can use the trade copier..
Title: Re: IC MARKETS
Post by: timytots on October 07, 2012, 02:40:35 AM
I see that there are more currency pairs on the platform now so it is much better for the StatArb Pro EA. But I still can not trade the VIX or DX?

Not enough history though.

You can use the trade copier..

Which trade copier do you use?
Title: Re: IC MARKETS
Post by: crazycat on October 08, 2012, 01:21:04 AM
I got an email from them on friday promoting their social trading network http://tradeo.icmarkets.com/

Looks like it has a copy trader feature built into it that could be worth testing.
Title: Re: IC MARKETS
Post by: jubal on October 08, 2012, 11:48:15 AM
Just wondering if anyone from UK has funded an account using Halifax/Bank of Scotland.  Having some problems and wanted to know if anyone used this bank.
Title: Re: IC MARKETS
Post by: JimBss on October 09, 2012, 09:50:56 AM
Which EA do you use to measure latency? I'm using latency EA but getting some odd readings...

Title: Re: IC MARKETS
Post by: adele on October 10, 2012, 02:13:36 AM
Has anyone done a withdrawal via wire transfer? How long did it take to receive the funds? I sent my withdrawal request last Sept 27 but haven't received the funds until now.

Title: Re: IC MARKETS
Post by: Scalptastic on October 10, 2012, 08:02:05 PM
Guys, I've been reading about IC Markets for a while and thinking about opening an account with them, can anyone advise as to what paperwork I need to open an account and is it easy to open and fund etc? Thanks


There is a discount available for forum members for IC Markets. Please contact me for further information.

hi John; I sent you a PM. please send me the disocunt. thanks.
Title: IC MARKETS
Post by: IFFTrader on October 11, 2012, 01:02:37 AM
Has anyone done a withdrawal via wire transfer? How long did it take to receive the funds? I sent my withdrawal request last Sept 27 but haven't received the funds until now.

You may contact Jon to help. I have fund stuck nowhere because I did not included BSB number. Talking to their echat goes nowhere. Jon able to assist me talk to someone he knows although my issue is still waiting for me to get a reference from my local bank.
Title: Re: IC MARKETS
Post by: HFT Group on October 11, 2012, 01:48:47 AM
Just wanting to reply to a few of the funding/withdrawal posts after contacting ICM.

@Adele.......ICM confirmed the withdrawal and funds transfer to your nominated bank and will supply the required info to assist your bank to track the deposit at their end.

@ktyong.....ICM will try find your deposit through NAB bank but as you did not include the BSB number the receiving bank may return the funds to your bank account.

@Jubal.......Your funds were deposited into your account once ICM provided a bank account number that met the requirements specified by your bank.

Once ICM have completed their new website, clients will be provided with a back office and additional funding/withdrawal options to make these processes a lot easier and automated.
Title: Re: IC MARKETS
Post by: HFT Group on October 11, 2012, 01:52:15 AM
Which EA do you use to measure latency? I'm using latency EA but getting some odd readings...

To ping the ICM live server you need to use traceroute:
 tracert 38.76.4.30
Title: Re: IC MARKETS
Post by: HFT Group on October 11, 2012, 01:53:48 AM
Guys, I've been reading about IC Markets for a while and thinking about opening an account with them, can anyone advise as to what paperwork I need to open an account and is it easy to open and fund etc? Thanks



There is a discount available for forum members for IC Markets. Please contact me for further information.

hi John; I sent you a PM. please send me the disocunt. thanks.

Please check your PMs'.
Title: Re: IC MARKETS
Post by: JimBss on October 11, 2012, 09:35:30 AM
Anyone who can post latency EA results from CNS?
Title: Re: IC MARKETS
Post by: George7 on October 11, 2012, 11:20:51 AM
Hi I am a newby, as you call the new ones in FOREX.

I have been using Demos for the last 3 months and studied technical analysis.

So far the Demo sites have worked fine wiht me and I am getting more knowledgeable as I move on.

I consider myself a begginner. I have used IC Markets Demo site and it is way faster than any other. The spreads are incredible compared to any other and the commisions are fine. I agree with most comments about the website being completely useless. I have also read comments about to good to be truth and I agree with those too.

I have used e toro before and left it because their plataform looks like a poker one and it crashes continuously. I don't like the fact that IC markets merged with e toro. So this and the fact their website oppacity doesn't help me to open a real account with. I have also have read about delays withdrawing the money, of up to 2 weeks or so.

Please give enough reasons to open a real account with IC Markets. It would be a shame that they weren't honest since their MT4 platform and conditions are the best found so far.
Title: Re: IC MARKETS
Post by: HFT Group on October 11, 2012, 01:08:03 PM
Hi I am a newby, as you call the new ones in FOREX.

I have been using Demos for the last 3 months and studied technical analysis.

So far the Demo sites have worked fine wiht me and I am getting more knowledgeable as I move on.

I consider myself a begginner. I have used IC Markets Demo site and it is way faster than any other. The spreads are incredible compared to any other and the commisions are fine. I agree with most comments about the website being completely useless. I have also read comments about to good to be truth and I agree with those too.

I have used e toro before and left it because their plataform looks like a poker one and it crashes continuously. I don't like the fact that IC markets merged with e toro. So this and the fact their website oppacity doesn't help me to open a real account with. I have also have read about delays withdrawing the money, of up to 2 weeks or so.

Please give enough reasons to open a real account with IC Markets. It would be a shame that they weren't honest since their MT4 platform and conditions are the best found so far.


ICM are an ASIC regulated and reputable broker.

The affiliation with e-Toro is nothing more than that as ICM use mt4 and Integral.

Deposits and withdrawals are processed promptly and delays can generally be attributed to the clients bank or intermediary banks.

As you remarked, the spreads and general trading conditions are excellent.

A discount is available to forum members for IC Markets.
Please feel welcome to PM me for details.
Title: Re: IC MARKETS
Post by: pallruf88 on October 11, 2012, 04:49:17 PM
Dang IC markets is down and with trades going on. Anyone facing this issue. It has been down for almost 15 mins
Title: Re: IC MARKETS
Post by: canfx1 on October 11, 2012, 04:54:09 PM
Dang IC markets is down and with trades going on. Anyone facing this issue. It has been down for almost 15 mins

Yes, I have same issue. No connection on live feed for 30 minutes.
Title: Re: IC MARKETS
Post by: adeptus on October 11, 2012, 05:04:38 PM
Same for me. Got the first warning from one of my EAs about half an hour ago. Switched to their Chicago server, but still no ticks and no chance to close my positions. Not cool...
Title: Re: IC MARKETS
Post by: adeptus on October 11, 2012, 05:10:24 PM
Was just told on live chat that they expect to be online again in about 10mins.
Title: Re: IC MARKETS
Post by: adeptus on October 11, 2012, 05:23:21 PM
Up & running again
Title: Re: IC MARKETS
Post by: pallruf88 on October 12, 2012, 09:08:53 AM
Lucky my trades went the way i wanted it to go. If not i will definately shout at them. Really this is not acceptable. Did they say what was the issue?
Title: Re: IC MARKETS
Post by: adeptus on October 12, 2012, 09:38:44 AM
Lucky my trades went the way i wanted it to go. If not i will definately shout at them. Really this is not acceptable. Did they say what was the issue?

They said there was a problem with their server in NY4.
Title: Re: IC MARKETS
Post by: pallruf88 on October 12, 2012, 09:47:56 AM
Lucky my trades went the way i wanted it to go. If not i will definately shout at them. Really this is not acceptable. Did they say what was the issue?

They said there was a problem with their server in NY4.

Don't they have a backup server?
Title: Re: IC MARKETS
Post by: George7 on October 12, 2012, 11:55:15 AM
Hi I am a newby, as you call the new ones in FOREX.

I have been using Demos for the last 3 months and studied technical analysis.

So far the Demo sites have worked fine wiht me and I am getting more knowledgeable as I move on.

I consider myself a begginner. I have used IC Markets Demo site and it is way faster than any other. The spreads are incredible compared to any other and the commisions are fine. I agree with most comments about the website being completely useless. I have also read comments about to good to be truth and I agree with those too.

I have used e toro before and left it because their plataform looks like a poker one and it crashes continuously. I don't like the fact that IC markets merged with e toro. So this and the fact their website oppacity doesn't help me to open a real account with. I have also have read about delays withdrawing the money, of up to 2 weeks or so.

Please give enough reasons to open a real account with IC Markets. It would be a shame that they weren't honest since their MT4 platform and conditions are the best found so far.


ICM are an ASIC regulated and reputable broker.

The affiliation with e-Toro is nothing more than that as ICM use mt4 and Integral.

Deposits and withdrawals are processed promptly and delays can generally be attributed to the clients bank or intermediary banks.

As you remarked, the spreads and general trading conditions are excellent.

A discount is available to forum members for IC Markets.
Please feel welcome to PM me for details.

Hi Jon

Thanks for your fast answer. What does PM stand for?
Title: Re: IC MARKETS
Post by: jubal on October 12, 2012, 09:09:32 PM
George7.  PM means private message.  If you want to contact someone privately click the little balloon type thing to the right of the heart  under their name.  ;)
Title: Re: IC MARKETS
Post by: robl45 on October 12, 2012, 10:51:53 PM
Lucky my trades went the way i wanted it to go. If not i will definately shout at them. Really this is not acceptable. Did they say what was the issue?

They said there was a problem with their server in NY4.

Don't they have a backup server?

agreed, don't they have a backup server?  I believe there are supposed to be three servers or something, so the other server should still be working.  This is my main problem with this place.  appears to be run by one person, who sleeps at night and who knows what is going on with the servers.
Title: Re: IC MARKETS
Post by: pallruf88 on October 13, 2012, 01:05:21 AM
I think maybe they have also issues with their backup server and did not mention  ::)
Title: Re: IC MARKETS
Post by: HFT Group on October 13, 2012, 01:12:21 AM
The disconnection issue related to a fault with the fibre optic connection supplied by a 3rd party. It was rectified as quickly as possible by the provider. This issue was not caused through any fault of ICM and was outside their control.
Title: Re: IC MARKETS
Post by: pallruf88 on October 13, 2012, 02:24:55 AM
The disconnection issue related to a fault with the fibre optic connection supplied by a 3rd party. It was rectified as quickly as possible by the provider. This issue was not caused through any fault of ICM and was outside their control.

Jon you mean this same fibre optic connection also connected to their backup server?
Title: Re: IC MARKETS
Post by: timytots on October 13, 2012, 06:30:27 AM
Their server was never actually down, my platform remained online all the time. There are also no gaps in the charts which indicates that the server was never restarted nor went offline.

The problem here was that price updates stopped (hence could not be traded on), this was clearly due to something that occurred external to their server. John has mentioned this was a fiber optic cable, which makes perfect sense as the line to their LPs would have been cut if the firer optic cable was severed or faulty.

The good thing was that the outage was not for an extended period of time. Personally I had two trades open, I called ICM up and they closed both of them over the phone without any problem. Although the prices were not streaming on my account the positions I closed over the phone appeared as closed in my MT4 - so the server was still actually online. 

Outages happen to the best of them, but as long as you can place your trade by some other means such as phone, email or chat I do not see what the problem is here. 
Title: Re: IC MARKETS
Post by: robl45 on October 13, 2012, 06:38:45 AM
Their server was never actually down, my platform remained online all the time. There are also no gaps in the charts which indicates that the server was never restarted nor went offline.

The problem here was that price updates stopped (hence could not be traded on), this was clearly due to something that occurred external to their server. John has mentioned this was a fiber optic cable, which makes perfect sense as the line to their LPs would have been cut if the firer optic cable was severed or faulty.

The good thing was that the outage was not for an extended period of time. Personally I had two trades open, I called ICM up and they closed both of them over the phone without any problem. Although the prices were not streaming on my account the positions I closed over the phone appeared as closed in my MT4 - so the server was still actually online. 

Outages happen to the best of them, but as long as you can place your trade by some other means such as phone, email or chat I do not see what the problem is here.

the problem is unless every other forex broker was out as well, it was something they could have controlled.  Frankly, I didn't see it happen and it doesn't seem to have affected me, but i twas still well within their control to avoid.  multiple connections.  Servers in Sydney and in Newyork, etc.
Title: Re: IC MARKETS
Post by: timytots on October 13, 2012, 07:04:58 AM
Their server was never actually down, my platform remained online all the time. There are also no gaps in the charts which indicates that the server was never restarted nor went offline.

The problem here was that price updates stopped (hence could not be traded on), this was clearly due to something that occurred external to their server. John has mentioned this was a fiber optic cable, which makes perfect sense as the line to their LPs would have been cut if the firer optic cable was severed or faulty.

The good thing was that the outage was not for an extended period of time. Personally I had two trades open, I called ICM up and they closed both of them over the phone without any problem. Although the prices were not streaming on my account the positions I closed over the phone appeared as closed in my MT4 - so the server was still actually online. 

Outages happen to the best of them, but as long as you can place your trade by some other means such as phone, email or chat I do not see what the problem is here.

the problem is unless every other forex broker was out as well, it was something they could have controlled.  Frankly, I didn't see it happen and it doesn't seem to have affected me, but i twas still well within their control to avoid.  multiple connections.  Servers in Sydney and in Newyork, etc.

I asked them this and they actually do have multiple servers, in any case there would still be downtime as they switch over to the backup machine. In this case as we know this was not a server problem anyway so why would they switch to a backup and then switch back to the NY4 machine, this would mean 2 outages not just one. Not a sensible move if the problem can be resolved fast, which was the case in this situation.
Title: Re: IC MARKETS
Post by: adeptus on October 13, 2012, 07:13:32 AM
Their server was never actually down, my platform remained online all the time. There are also no gaps in the charts which indicates that the server was never restarted nor went offline.

The problem here was that price updates stopped (hence could not be traded on), this was clearly due to something that occurred external to their server. John has mentioned this was a fiber optic cable, which makes perfect sense as the line to their LPs would have been cut if the firer optic cable was severed or faulty.

The good thing was that the outage was not for an extended period of time. Personally I had two trades open, I called ICM up and they closed both of them over the phone without any problem. Although the prices were not streaming on my account the positions I closed over the phone appeared as closed in my MT4 - so the server was still actually online. 

Outages happen to the best of them, but as long as you can place your trade by some other means such as phone, email or chat I do not see what the problem is here.

the problem is unless every other forex broker was out as well, it was something they could have controlled.  Frankly, I didn't see it happen and it doesn't seem to have affected me, but i twas still well within their control to avoid.  multiple connections.  Servers in Sydney and in Newyork, etc.

During the outage, I tried to switch over to their Chicago DC server, which didn't work either (i.e. still no ticks and not able to trade). If there was just a failure in the fibre optic cable in NY4, the Chicago DC server should have worked, or am I missing something?
Title: Re: IC MARKETS
Post by: timytots on October 13, 2012, 07:53:28 AM
Their Chicago server is their demo server, the fact that you could connect to it means the there were no issues with the server itself. Remember their demo has the exact same setup as their live server (unlike most brokers) and it is cross-connected to NY4 which is where their LP's pricing servers are also housed. So the likely reason you were not seeing prices or tick updates was because of the same fiber optic connection issue within NY4 from their live server to their LP's (which provide the pricing).
Title: Re: IC MARKETS
Post by: adeptus on October 13, 2012, 09:45:35 AM
Their Chicago server is their demo server, the fact that you could connect to it means the there were no issues with the server itself. Remember their demo has the exact same setup as their live server (unlike most brokers) and it is cross-connected to NY4 which is where their LP's pricing servers are also housed. So the likely reason you were not seeing prices or tick updates was because of the same fiber optic connection issue within NY4 from their live server to their LP's (which provide the pricing).

Maybe I didn't express myself clearly. I was meaning to say that I was not able to establish a connection with their Chicago server during the outage.
Title: Re: IC MARKETS
Post by: George7 on October 13, 2012, 10:17:01 AM
George7.  PM means private message.  If you want to contact someone privately click the little balloon type thing to the right of the heart  under their name.  ;)

Thank you Jubal!
Title: Re: IC MARKETS
Post by: flatour on October 13, 2012, 11:09:55 AM
Hello,
I also would like official statement about the outage... Will next time backup server be available?

Does someone uses MDP with ICMarkets? I tried tick scalping with ICMarkets and, when trading on news release, I got systematic negative slippage (20 trades out of 20 slipped).

Note that overall I am very satisfied of ICMarkets, but I don't use for tick scalping. Seems JP got good trades with NMI, no slippage, JP?
Title: Re: IC MARKETS
Post by: jshear on October 13, 2012, 12:33:59 PM
I trade at ATC and there trading went down the same time. They rarely go down. So fibre explanation seems true as both brokers are in same data centre.



Jeff
Title: Re: IC MARKETS
Post by: robl45 on October 13, 2012, 03:49:22 PM
I trade at ATC and there trading went down the same time. They rarely go down. So fibre explanation seems true as both brokers are in same data centre.



Jeff

still the fact remains that if they had another server in another center, then the problem would have been easier to deal with.  I believe I read it was 30 minutes.  What if it was 4 hours or more?

I remember back in the daytrading days of late 99-early 2000 when realtick went down for hours.  the markets basically closed during that time.  That was completely unacceptable.  You always hear about brokers saying they will make it right, they will fix the trades etc.  But there is a point especially for small brokers that are living off of 2 or 3 dollars per trade when its not possible for them to fix the trades.  If you have a 100 lot trade on and lose money on it, do you think they will be able to cover it?  What if its 5 100 lot trades?
Title: Re: IC MARKETS
Post by: bearnakedbull on October 13, 2012, 03:52:36 PM
I traded FxPro a few years ago and they lost their live server for four hours. I think they supposedly had back up servers too. I think most of these brokers have extra servers sitting there but for some reason they don't automatically kick in. Makes me wonder what they are even thinking.
Title: Re: IC MARKETS
Post by: HFT Group on October 14, 2012, 01:49:15 AM
Ok, here is the official explanation of the failure from the IT department.


“In this instance, the MT4 server did not fail; rather, it was a piece of network hardware in the data center. When it was determined exactly which piece of hardware was experiencing the issue, the backup hardware was initialized.

If the MT4 server itself were to fail, we would fail over to the backup MT4 server. The backup server makes up to the second backups of all client orders and prices.

Since this was a network issue, however, the MT4 backup server was never initiated as it would not have solved the problem.”
Title: Re: IC MARKETS
Post by: GoldenBoy on October 14, 2012, 03:13:12 AM
Whatever the reason for the outage IC Markets needs to work on this and ensure it doesn't happen again. I use many other brokers as well as IC markets and there are no such outages with other brokers these days.
Title: Re: IC MARKETS
Post by: robl45 on October 14, 2012, 05:11:21 AM
Precisely why they should have servers in multiple data centers.

Ok, here is the official explanation of the failure from the IT department.


“In this instance, the MT4 server did not fail; rather, it was a piece of network hardware in the data center. When it was determined exactly which piece of hardware was experiencing the issue, the backup hardware was initialized.

If the MT4 server itself were to fail, we would fail over to the backup MT4 server. The backup server makes up to the second backups of all client orders and prices.

Since this was a network issue, however, the MT4 backup server was never initiated as it would not have solved the problem.”
Title: Re: IC MARKETS
Post by: timytots on October 14, 2012, 05:52:04 AM
My understanding is that they do have servers in multiple data centers but did not switch because it would have caused an additional outage.

IC Markets were not the only broker effected by this problem inside the NY4 data center.
Title: Re: IC MARKETS
Post by: robl45 on October 14, 2012, 06:27:02 AM
My understanding is that they do have servers in multiple data centers but did not switch because it would have caused an additional outage.

IC Markets were not the only broker effected by this problem inside the NY4 data center.

if the outage was 30 minutes, they should have known about it within the first minute, they could have switched, and then switched back.  One thing I loved about collective fx is they were on top of this stuff.
Title: Re: IC MARKETS
Post by: robl45 on October 15, 2012, 02:38:37 AM
I had a disconnection and lost a lot of bars tonight.  Anyone else have this tonight?
Title: Re: IC MARKETS
Post by: deathlord on October 15, 2012, 06:46:06 AM
No, looks ok. One disconnect around 05:34, but immediate reconnect.
Title: Re: IC MARKETS
Post by: Scalptastic on October 15, 2012, 06:37:29 PM
Hello,
I also would like official statement about the outage... Will next time backup server be available?

Does someone uses MDP with ICMarkets? I tried tick scalping with ICMarkets and, when trading on news release, I got systematic negative slippage (20 trades out of 20 slipped).

Note that overall I am very satisfied of ICMarkets, but I don't use for tick scalping. Seems JP got good trades with NMI, no slippage, JP?

been testing ICM live for a week on 0.01 lots; and got negative slippage in 90% of the trades. majority between -0.1 ~ -0.5 pips.

Title: Re: IC MARKETS
Post by: Scalptastic on October 15, 2012, 06:39:51 PM
I had a disconnection and lost a lot of bars tonight.  Anyone else have this tonight?

yep i did have many lost bars in the live account.

surprisingly the demo account did not have the same problem.
Title: Re: IC MARKETS
Post by: flatour on October 15, 2012, 07:21:11 PM
been testing ICM live for a week on 0.01 lots; and got negative slippage in 90% of the trades. majority between -0.1 ~ -0.5 pips.

Same for me but 1-6 pips slippage BUT it was while big moves... So I stopped TICK scalp with ICM. JP uses ICM for scalp and it seems good for him.
Title: Re: IC MARKETS
Post by: robl45 on October 15, 2012, 11:01:30 PM
I had a disconnection and lost a lot of bars tonight.  Anyone else have this tonight?

yep i did have many lost bars in the live account.

surprisingly the demo account did not have the same problem.

don't know if they would come back on their own, I refreshed and they came back, but it did mess up some of my trades.  hopefuly this won't happen in the future.
Title: Re: IC MARKETS
Post by: adeptus on October 15, 2012, 11:01:49 PM
I had a disconnection and lost a lot of bars tonight.  Anyone else have this tonight?

yep i did have many lost bars in the live account.

surprisingly the demo account did not have the same problem.

Me too. The repeated outages start to become disconcerting.
Title: Re: IC MARKETS
Post by: forexfish on October 15, 2012, 11:45:36 PM
I had a disconnection and lost a lot of bars tonight.  Anyone else have this tonight?

yep i did have many lost bars in the live account.

surprisingly the demo account did not have the same problem.

Me too. The repeated outages start to become disconcerting.

Thanks for sharing,  hope it get resolved.

Please keep posted as I was planning to open an account with them.  :-\
Title: Re: IC MARKETS
Post by: pallruf88 on October 16, 2012, 01:50:17 AM
Damn this broker is down again  :-X... :'( Now it is getting too often and service really sucks
Title: Re: IC MARKETS
Post by: Scalptastic on October 16, 2012, 01:55:46 AM
Damn this broker is down again  :-X... :'( Now it is getting too often and service really sucks

i got a disconnect for a minute or two today; and that is from CNS NY.

is these disconnections normal and do they occur with other brokers?
Title: Re: IC MARKETS
Post by: pallruf88 on October 16, 2012, 01:58:30 AM
No my pepperstone account is still working. I don't think it is normal cause it is more then 5 mins already.
Title: Re: IC MARKETS
Post by: robl45 on October 16, 2012, 02:10:45 AM
Ic markets says it's an integral problem
Title: Re: IC MARKETS
Post by: 3827 on October 16, 2012, 02:30:51 AM
I switched to Armada since Sunday night. It seems like there is no near-perfect MT4 broker in this world. I hope IC Markets will look at these problems seriously if they want to grow big in this retail forex business.
Title: Re: IC MARKETS
Post by: pallruf88 on October 16, 2012, 03:02:28 AM
integral problem again? I think i need to switch brokers
Title: Re: IC MARKETS
Post by: robl45 on October 16, 2012, 03:40:45 AM
back up and running again.
Title: Re: IC MARKETS
Post by: robl45 on October 16, 2012, 03:50:46 AM
the one thing that does bother me is i've been with the broker about 2 months now and these things just started happening now.  Also slippage has picked up from when i first started which leads me to believe something else is going on aside from just integral troubles.  At any rate. I reallly like this broker and plan to stay for a long time so i hope they can fix the server issues.
Title: Re: IC MARKETS
Post by: pallruf88 on October 16, 2012, 04:21:15 AM
I think all brokers are on freeze now... nothing seems to move
Title: Re: IC MARKETS
Post by: adele on October 16, 2012, 05:22:21 AM
Connection resumed after almost 2 hours. I wish to stay with this broker but these problems are getting longer and more frequent.
Title: Re: IC MARKETS
Post by: HFT Group on October 16, 2012, 07:57:04 AM
The latest issue was not specific to ICM.

Will post an update on the issue asap along with details of how ICM are taking steps to avoid future issues.
Title: Re: IC MARKETS
Post by: GoldenBoy on October 16, 2012, 09:03:26 AM
Well there you go it is frozen again right now !!! I wonder what is the excuse this time. They are becoming a complete joke.
Title: Re: IC MARKETS
Post by: pallruf88 on October 16, 2012, 09:05:49 AM
The latest issue was not specific to ICM.

Will post an update on the issue asap along with details of how ICM are taking steps to avoid future issues.

Hope to get some good news from them
Title: Re: IC MARKETS
Post by: adele on October 16, 2012, 09:34:10 AM
The latest issue was not specific to ICM.

Will post an update on the issue asap along with details of how ICM are taking steps to avoid future issues.

Hi Jon

Seems like the problem is still occurring. Please ask ICM to inform us if we should stop trading on the platform until the issues have been fixed. 

Thanks

adele
Title: Re: IC MARKETS
Post by: canfx1 on October 16, 2012, 10:18:04 AM
Its becoming more of a joke. Platform froze for 30 minutes near London open and now again for past 15 minutes. Really becoming hard to trade on ICM.
Title: Re: IC MARKETS
Post by: adeptus on October 16, 2012, 10:24:13 AM
Its becoming more of a joke. Platform froze for 30 minutes near London open and now again for past 15 minutes. Really becoming hard to trade on ICM.

What makes this even worse it that the platform is frozen during/shortly after high impact news. I've been repeatedly unable to get out of trades, and this is going to cost me some serious money. Hope that ICM compensates for losses due to platform failures, otherwise I'm seriously considering abandoning them.


Title: Re: IC MARKETS
Post by: HFT Group on October 16, 2012, 10:32:45 AM
Would strongly suggest disabling any EA's that are not currently managing open trades.

Make a note of trades affected by the current freeze  for future reference.
Title: Re: IC MARKETS
Post by: Night Watch on October 16, 2012, 10:54:48 AM
I have over 100K in my ICM account.... they have just lost me as a customer... as soon as I can close out my trades (which might take a week) I'm out!

Inexcusable!!!

Title: Re: IC MARKETS
Post by: GoldenBoy on October 16, 2012, 11:07:58 AM
I have over 100K in my ICM account.... they have just lost me as a customer... as soon as I can close out my trades (which might take a week) I'm out!

Inexcusable!!!

I agree. Time to look for another broker.
Title: Re: IC MARKETS
Post by: 3827 on October 16, 2012, 11:23:24 AM
I can see the price is not moving and spread is abnormally high.
Title: Re: IC MARKETS
Post by: Night Watch on October 16, 2012, 11:26:11 AM
The price feed servers for ICM is down as of 09:30 GMT today the 16th. The ICM servers are ok,
however they get their price feed from a third party and they are the ones with
the problem.

Just called support.... there is nothing they can do. All I know is I have open trades that I cant manage and I could be loosing money as I type.
Title: Re: IC MARKETS
Post by: 3827 on October 16, 2012, 11:34:52 AM
The funny thing is things are working fine on my Android app.....


The price feed servers for ICM is down as of 09:30 GMT today the 16th. The ICM servers are ok,
however they get their price feed from a third party and they are the ones with
the problem.

Just called support.... there is nothing they can do. All I know is I have open trades that I cant manage and I could be loosing money as I type.
Title: Re: IC MARKETS
Post by: robl45 on October 16, 2012, 12:12:14 PM
seems to be back up now, but was just out for last 10 minutes at least.
Title: Australian Tax
Post by: elliotlemfx on October 16, 2012, 12:22:12 PM
Sorry if this has been asked, if I do not live in AUS, are there any AUS tax issues I need to worry about relating to any gains?  (live in Singapore)
Title: Re: Australian Tax
Post by: HFT Group on October 16, 2012, 01:42:48 PM
Sorry if this has been asked, if I do not live in AUS, are there any AUS tax issues I need to worry about relating to any gains?  (live in Singapore)


No, you are responsible for any taxes on profits made from your trading according to tax laws in the country in which you live.
Title: Re: IC MARKETS
Post by: HFT Group on October 16, 2012, 01:49:03 PM
Here is the official statement and explanation from IC Markets regarding the recent issues of price freezes.


"Dear Client,

 

As some of you are aware IC Markets pricing was down for some time today. This downtime was caused by one of our technology companies Integral. IC Markets uses the integral technology to provide you with the pricing you see on your trading platform. IC Markets was one of many brokers globally that was affected by this.

 

A backup Integral server should have taken over pricing, however, a network problem with Integral prevented this from happening. In order to stop this from occurring again IC Markets have decided to add an additional back up aggregator Hotspot, which is on a separate network to Integral. The backup Hotspot feed will be implemented this week and comprise of the same 50 banks and dark pool liquidity sources as our market leading True ECN price feed.

 

We expect the addition of Hotspot will improve the redundancy of our MT4 environment and prevent downtime of this nature happening again.

 

Through the online chat, Skype and phone support channels we have been able to close positions for clients manually, we are available 24/5 to handle any client queries.

 

Regards,

Andrew Budzinski

IC Markets

Managing Director"
Title: Re: IC MARKETS
Post by: robl45 on October 16, 2012, 02:40:29 PM
how can hotspot do the same?  I had heard and read that hotspot doesn't have great spreads but that they are suppose to have massive liquidity.  Either way, i don't really care if the spreads aren't good as long as my charts are moving.
Title: Re: IC MARKETS
Post by: 3827 on October 16, 2012, 09:41:00 PM
The server is down again, isn't it?

 8)
Title: Re: IC MARKETS
Post by: pallruf88 on October 17, 2012, 03:03:03 AM
Just wanted to who is angus and what is his name here in the forum :)
Title: Re: IC MARKETS
Post by: HFT Group on October 17, 2012, 03:18:05 AM
Just wanted to who is angus and what is his name here in the forum :)


Angus is Head of Trading desk at IC Markets.
He is not a forum member.
Title: Re: IC MARKETS
Post by: adele on October 17, 2012, 05:58:06 AM
What's their Skype ID?
Title: Re: IC MARKETS
Post by: pallruf88 on October 17, 2012, 07:34:42 AM
What's their Skype ID?
If they have skype it would be better but you can chat live at their website.
Title: Re: IC MARKETS
Post by: HFT Group on October 17, 2012, 08:28:59 AM
Here is further confirmation of the Integral outage for those interested.

http://forexmagnates.com/integral-suffers-from-outages-recovers/  (http://forexmagnates.com/integral-suffers-from-outages-recovers/)
Title: Re: IC MARKETS
Post by: GoldenBoy on October 17, 2012, 10:16:02 AM
Well, it looks like it wasn't the fault of IC Markets although I found it quite frustrating at the time it happened.
Title: Re: IC MARKETS
Post by: canfx1 on October 17, 2012, 10:33:23 AM
What's their Skype ID?

ic.markets
Title: Re: IC MARKETS
Post by: jubal on October 17, 2012, 11:11:54 AM
Quote
4 open buys on 2 IC Markets accounts
0 open on Pepperstone Razor


Why is that? Should I expect EURUSD to go as far as 1.31290?

My guess is that ICMarkets has serious problems with their feed based on what other users are reporting.

There was no trigger for long trades at all, in fact it was very far from it:


According to post by Fmonera there seems to be a problem with ICM price feed.  Some users have trades open which have not got anywhere near trigger point on other brokers.  I've just funded new account but not yet used it and I'm starting to get more worried by ICM performance
Title: Re: IC MARKETS
Post by: adeptus on October 17, 2012, 11:43:27 AM
Quote
4 open buys on 2 IC Markets accounts
0 open on Pepperstone Razor


Why is that? Should I expect EURUSD to go as far as 1.31290?

My guess is that ICMarkets has serious problems with their feed based on what other users are reporting.

There was no trigger for long trades at all, in fact it was very far from it:


According to post by Fmonera there seems to be a problem with ICM price feed.  Some users have trades open which have not got anywhere near trigger point on other brokers.  I've just funded new account but not yet used it and I'm starting to get more worried by ICM performance

Also got 4 RobinVOL (with default settings) trades open on ICM, all currently in profit. Yesterday, got some (losing) trades after their server problem was fixed which other accounts I'm tracking didn't get. Probably has to do with chart gaps due to the outage and some EAs mis-interpreting them as big moves in the market. Anyway, hope that ICM get their act together, because they've got potential.




Title: Re: IC MARKETS
Post by: jubal on October 17, 2012, 12:41:50 PM
Quote
4 open buys on 2 IC Markets accounts
0 open on Pepperstone Razor


Why is that? Should I expect EURUSD to go as far as 1.31290?

My guess is that ICMarkets has serious problems with their feed based on what other users are reporting.

There was no trigger for long trades at all, in fact it was very far from it:


According to post by Fmonera there seems to be a problem with ICM price feed.  Some users have trades open which have not got anywhere near trigger point on other brokers.  I've just funded new account but not yet used it and I'm starting to get more worried by ICM performance

Also got 4 RobinVOL (with default settings) trades open on ICM, all currently in profit. Yesterday, got some (losing) trades after their server problem was fixed which other accounts I'm tracking didn't get. Probably has to do with chart gaps due to the outage and some EAs mis-interpreting them as big moves in the market. Anyway, hope that ICM get their act together, because they've got potential.

Further comments on the thread in question reveal that other brokers also took the trades. So it looks like its not realated to ICM only.  Just a slightly different feed.
Title: Re: IC MARKETS
Post by: Sal Vegas on October 17, 2012, 01:16:11 PM
remember guys... nobody is dead! plenty more trades out there to find.

I've got accounts around different brokers and got hit pretty hard by this little technology blip.

But... IC's email checks out. A technology provider of many brokers went down

http://forexmagnates.com/integral-suffers-from-outages-recovers/

First issue i've had in 2 years with IC and they handled a bad situation very professionally.   


Title: Re: IC MARKETS
Post by: pallruf88 on October 18, 2012, 02:33:25 AM
Did they get their backup feed implemented?
Title: Re: IC MARKETS
Post by: crazycat on October 20, 2012, 08:40:00 AM
I see that they now have the ctrader platform.

http://icmarkets.com.au/Metatrader-cTrader-Account.htm

It says that the spreads go negative and it has an on board VPS.

Has anyone tried it yet?
Title: Re: IC MARKETS
Post by: robl45 on October 20, 2012, 03:44:41 PM
commissions are higher but it does look interesting.    but without an mq4 to Ctrader converter, what use is it?  And even if there is a converter, still what use is it as you don't have mq4 code for commercial ea's. well most of them anyway.  So without a bridge or some way to use mq4, its a dead issue IMHO.
Title: Re: IC MARKETS
Post by: Highlander on October 20, 2012, 03:49:42 PM
"Inverted (negative) spreads" what does it mean?  ???
Title: Re: IC MARKETS
Post by: robl45 on October 20, 2012, 04:28:17 PM
"Inverted (negative) spreads" what does it mean?  ???

means bid is higher than ask and vice versa.  the problem is to justify the higher commission, it would need to be at 0 spread most of the time and inverted at least 10-20% of the time or so otherwise why pay higher commission when the spreads are already near zero or zero most of the time on mt4?
Title: Re: IC MARKETS
Post by: pokerking on October 21, 2012, 06:42:25 AM
I watched IC Markets Ctrader and Metatrader side by side on friday and it appears that when the spread on Metatrader is Zero the spread on Ctrader is better than Zero, it negative. I saw it go as low as -0.3 on EURUSD. 

I have not yet monitored ths for long enough to deterime how often negative spreads occur. My conventional spread montor does not work on Ctrader becuase it is not coded in the right language. 
Title: Re: IC MARKETS
Post by: robl45 on October 21, 2012, 03:20:14 PM
I watched IC Markets Ctrader and Metatrader side by side on friday and it appears that when the spread on Metatrader is Zero the spread on Ctrader is better than Zero, it negative. I saw it go as low as -0.3 on EURUSD. 

I have not yet monitored ths for long enough to deterime how often negative spreads occur. My conventional spread montor does not work on Ctrader becuase it is not coded in the right language.

and there lies the problem.  Even checking the forum for Ctrader, i'm not overly impressed, seems they don't really have any idea about robotic trading.  its like the typical thing where you have IT people make things work but the IT people have no idea how financial stuff works.  what good is the platform if there are no strategies for it?  If you can't use magic numbers to separate them?  And when they were asked about modeling quality, they said they believe its better than 90% on metatrader.  Well gee whiz, thats great, I want to risk my money on that answer don't you?
Title: Re: IC MARKETS
Post by: JimBss on October 22, 2012, 07:40:35 PM
Did the demo server have an outage a few hours ago or was it my side?

Title: Re: IC MARKETS
Post by: crazycat on October 23, 2012, 03:41:40 AM
No problems on the demo here.
Title: Re: IC MARKETS
Post by: Young on October 23, 2012, 11:28:08 AM
I watched IC Markets Ctrader and Metatrader side by side on friday and it appears that when the spread on Metatrader is Zero the spread on Ctrader is better than Zero, it negative. I saw it go as low as -0.3 on EURUSD.

What are the values of stops levels on their ctrader platform?
Title: Re: IC MARKETS
Post by: crazycat on October 24, 2012, 04:53:36 AM
there appears to be no stop levels on their demo which is the same as their MT4 true ECN. I have not tried the live account yet however I presume that if it is a real ECN like their MT4 account their will probably be no stop limits on it either.

There could be some interesting trading strategies to be had here if there are no stops on the live account and the spreads go inverted.
Title: Re: IC MARKETS
Post by: cb75 on October 24, 2012, 06:52:33 AM
 With the inverted spreads the high commission and inevitable slippage will kill any ideas you have of spread arbs.
Title: Re: IC MARKETS
Post by: Young on October 24, 2012, 10:24:42 AM
With the inverted spreads the high commission and inevitable slippage will kill any ideas you have of spread arbs.

Yeah, that is sad, but true. However, it still leaves room for implementing some new ideas/strategies.
Title: Re: IC MARKETS
Post by: crashev on October 24, 2012, 10:47:49 AM
With the inverted spreads the high commission and inevitable slippage will kill any ideas you have of spread arbs.

Yeah, that is sad, but true. However, it still leaves room for implementing some new ideas/strategies.

Isnt negative spread the moment that You can take a position without any risk ?
Title: Re: IC MARKETS
Post by: HFT Group on October 24, 2012, 11:56:40 AM
IC Markets have offered a generous discount on commissions for their new cTrader platform.

The normal commission rate is 50 per million.

Forum members have been offered a discounted rate of 35 per million.

cTraders' inverted spreads and low latency enviroment are ideal for scalping strategies and tick scalping EA's.

IC Markets offer a free recoding service for EA's by cTrader, to allow use on the cTrader platform.

cTraders' servers are located in LD4 (UK).
Liquidity is provided via Integral.

Client accounts are hosted on cTraders' server so no need for a seperate vps

Access to cTrader discount will be provided on request.
Title: Re: IC MARKETS
Post by: robl45 on October 24, 2012, 12:19:12 PM
no magic numbers or other good way to separate EA's on ctrader and no decent backtesting capability so you don't even know if the EA is coded right.  pass for me at this time. plus monitoring the spreads they really aren't much better.
Title: Re: IC MARKETS
Post by: Chippy on October 25, 2012, 04:52:10 PM
Bit of a noob question please, the smallest trade size we can do is 0.01 Lot is this right? thanks guys  :-[
Title: Re: IC MARKETS
Post by: canfx1 on October 25, 2012, 05:05:03 PM
Bit of a noob question please, the smallest trade size we can do is 0.01 Lot is this right? thanks guys  :-[
Yes (except silver)
Title: Re: IC MARKETS
Post by: Chippy on October 25, 2012, 05:12:58 PM
thank you canfx  ;) much appreciated
Title: Re: IC MARKETS
Post by: Chippy on October 25, 2012, 05:18:02 PM
I opened the account, can we log into the IC markets website or do we control the account via MT4? ie, payments, leverage etc I should ask IC markets but I think their live chat isnt 24 hours thanks  ;)
Title: Re: IC MARKETS
Post by: kookoo on October 25, 2012, 06:13:37 PM
3+ hours to deposit... and still waiting - guess I have been spoiled by Armada who´s deposits and withdrawals are lighting fast.
Title: Re: IC MARKETS
Post by: crazycat on October 26, 2012, 04:09:08 AM
I opened the account, can we log into the IC markets website or do we control the account via MT4? ie, payments, leverage etc I should ask IC markets but I think their live chat isnt 24 hours thanks  ;)

I make my credit card payments from their website and send I a withdrawal request form to accounts@icmarkets.com.au when I make a withdrawal. I have never had to change leverage so I can help with this, I am already on the max possible which is 500:1 I think. Regarding online chat I do think that this is 24 hours a day as I have chatted to them outside normal Australian working hours.
Title: Re: IC MARKETS
Post by: HFT Group on October 26, 2012, 05:30:06 AM
I opened the account, can we log into the IC markets website or do we control the account via MT4? ie, payments, leverage etc I should ask IC markets but I think their live chat isnt 24 hours thanks  ;)


Deposits are via the options provided on the ICM website.

Withdrawals are via submitting a withdrawal request form available from ICM, as are account transfers.

Leverage is as specified in the first post of this thread unless the account is solely used for Forex Envy, in which case 1:500 leverage is available by request on all account sizes.

The new website which is under construction will feature a client portal, more deposit and withdrawal options and automatic deposits and withdrawals.
Title: Re: IC MARKETS
Post by: Chippy on October 26, 2012, 09:23:09 AM
thank you crazycat for your feedback I will follow your advice and do the same for payments etc  ;)

I opened the account, can we log into the IC markets website or do we control the account via MT4? ie, payments, leverage etc I should ask IC markets but I think their live chat isnt 24 hours thanks  ;)

I make my credit card payments from their website and send I a withdrawal request form to accounts@icmarkets.com.au when I make a withdrawal. I have never had to change leverage so I can help with this, I am already on the max possible which is 500:1 I think. Regarding online chat I do think that this is 24 hours a day as I have chatted to them outside normal Australian working hours.
Title: Re: IC MARKETS
Post by: Chippy on October 26, 2012, 09:25:17 AM
thank you Jon for the info, the new website sounds very good looking forward to that also thank you for your feedback ;)

I opened the account, can we log into the IC markets website or do we control the account via MT4? ie, payments, leverage etc I should ask IC markets but I think their live chat isnt 24 hours thanks  ;)


Deposits are via the options provided on the ICM website.

Withdrawals are via submitting a withdrawal request form available from ICM, as are account transfers.

Leverage is as specified in the first post of this thread unless the account is solely used for Forex Envy, in which case 1:500 leverage is available by request on all account sizes.

The new website which is under construction will feature a client portal, more deposit and withdrawal options and automatic deposits and withdrawals.
Title: Re: IC MARKETS
Post by: sand2000 on October 27, 2012, 12:15:25 AM
I received negative slippage all the time from IC Markets...

 :'(
Title: Re: IC MARKETS
Post by: nwboater on October 27, 2012, 12:33:38 AM
I opened the account, can we log into the IC markets website or do we control the account via MT4? ie, payments, leverage etc I should ask IC markets but I think their live chat isnt 24 hours thanks  ;)


Deposits are via the options provided on the ICM website.

Withdrawals are via submitting a withdrawal request form available from ICM, as are account transfers.

Leverage is as specified in the first post of this thread unless the account is solely used for Forex Envy, in which case 1:500 leverage is available by request on all account sizes.

The new website which is under construction will feature a client portal, more deposit and withdrawal options and automatic deposits and withdrawals.

The new Client Portal will be a big improvement. Any idea when it will be functional?

I just did a Bank Wire Transfer to my new account there. Without a Client Portal how do I know when it's in my account? Do they email me?

Thanks for any help.

Cheers,
Rod
Title: Re: IC MARKETS
Post by: HFT Group on October 27, 2012, 12:56:26 AM
I opened the account, can we log into the IC markets website or do we control the account via MT4? ie, payments, leverage etc I should ask IC markets but I think their live chat isnt 24 hours thanks  ;)


Deposits are via the options provided on the ICM website.

Withdrawals are via submitting a withdrawal request form available from ICM, as are account transfers.

Leverage is as specified in the first post of this thread unless the account is solely used for Forex Envy, in which case 1:500 leverage is available by request on all account sizes.

The new website which is under construction will feature a client portal, more deposit and withdrawal options and automatic deposits and withdrawals.

The new Client Portal will be a big improvement. Any idea when it will be functional?

I just did a Bank Wire Transfer to my new account there. Without a Client Portal how do I know when it's in my account? Do they email me?

Thanks for any help.

Cheers,
Rod


The new client portal will be available with the new website launch in the near future.

Once the funds are deposited in your account you will receive you login details from ICM via email.
Title: Re: IC MARKETS
Post by: HFT Group on October 27, 2012, 12:59:47 AM
I received negative slippage all the time from IC Markets...

 :'(

Are you using a tick scalper EA?

The biggest slippage I have seen on the recent NMI SS trades with V1.21 was 1 pip. Most slip is recorded at 0.2/0.3 pips which is excellent during news/ low liquidity spikes.
Title: Re: IC MARKETS
Post by: aagarcia on October 27, 2012, 03:06:06 AM
I received negative slippage all the time from IC Markets...

 :'(

Are you using a tick scalper EA?

The biggest slippage I have seen on the recent NMI SS trades with V1.21 was 1 pip. Most slip is recorded at 0.2/0.3 pips which is excellent during news/ low liquidity spikes.
Hi Jon, I can confirm greater than 1 pip slip between 1 and 1.5 negative slip is the norm on SS so far.  The thing is your lot size is so small you don't get impacted.
Title: Re: IC MARKETS
Post by: HFT Group on October 27, 2012, 03:30:12 AM
I received negative slippage all the time from IC Markets...

 :'(

Are you using a tick scalper EA?

The biggest slippage I have seen on the recent NMI SS trades with V1.21 was 1 pip. Most slip is recorded at 0.2/0.3 pips which is excellent during news/ low liquidity spikes.
Hi Jon, I can confirm greater than 1 pip slip between 1 and 1.5 negative slip is the norm on SS so far.  The thing is your lot size is so small you don't get impacted.

Actually those figure came from my private ICM account trading larger lot sizes.
Title: Re: IC MARKETS
Post by: sand2000 on October 27, 2012, 11:36:57 AM
The negative slippage happened on 2 private tick scalping EAs, one 60-min based EA and my manual trading. Always negative.

 ???

I received negative slippage all the time from IC Markets...

 :'(

Are you using a tick scalper EA?

The biggest slippage I have seen on the recent NMI SS trades with V1.21 was 1 pip. Most slip is recorded at 0.2/0.3 pips which is excellent during news/ low liquidity spikes.
Title: Re: IC MARKETS
Post by: nwboater on October 27, 2012, 03:35:02 PM
I opened the account, can we log into the IC markets website or do we control the account via MT4? ie, payments, leverage etc I should ask IC markets but I think their live chat isnt 24 hours thanks  ;)


Deposits are via the options provided on the ICM website.

Withdrawals are via submitting a withdrawal request form available from ICM, as are account transfers.

Leverage is as specified in the first post of this thread unless the account is solely used for Forex Envy, in which case 1:500 leverage is available by request on all account sizes.

The new website which is under construction will feature a client portal, more deposit and withdrawal options and automatic deposits and withdrawals.

The new Client Portal will be a big improvement. Any idea when it will be functional?

I just did a Bank Wire Transfer to my new account there. Without a Client Portal how do I know when it's in my account? Do they email me?

Thanks for any help.

Cheers,
Rod


The new client portal will be available with the new website launch in the near future.

Once the funds are deposited in your account you will receive you login details from ICM via email.

Thanks for your help Jon.

Cheers,
Rod
Title: Re: IC MARKETS
Post by: Chippy on October 27, 2012, 03:47:04 PM
was wondering with cTrader and MT4 can you run the same trade account on both platforms?  :-\
Title: Re: IC MARKETS
Post by: HFT Group on October 28, 2012, 08:16:40 AM
was wondering with cTrader and MT4 can you run the same trade account on both platforms?  :-\


The normal ICM True ECN account and the cTrader account are completely different. You would require separate accounts for each.

A good reason is commissions for a start.

Our discount on the ICM True ECN account is $5.50 as opposed to the normal $7.00.

Our discount on the cTrader account is $7.00 as opposed to the normal $10.00.
Title: Re: IC MARKETS
Post by: crazycat on October 28, 2012, 10:44:54 AM
Their cTrader platform sure looks allot better than MT4.
Title: Re: IC MARKETS
Post by: robl45 on October 28, 2012, 01:50:01 PM
I received negative slippage all the time from IC Markets...

 :'(

Are you using a tick scalper EA?

The biggest slippage I have seen on the recent NMI SS trades with V1.21 was 1 pip. Most slip is recorded at 0.2/0.3 pips which is excellent during news/ low liquidity spikes.
Hi Jon, I can confirm greater than 1 pip slip between 1 and 1.5 negative slip is the norm on SS so far.  The thing is your lot size is so small you don't get impacted.

I don't tick scalp, but thats about right for my normal EA's although I get some positive slippage too and they seem to respect limit orders and you can't get slipped negative on those. 
Title: Re: IC MARKETS
Post by: Chippy on October 28, 2012, 01:59:47 PM
Ah I see, thats good to know, thank you Jon ;)

was wondering with cTrader and MT4 can you run the same trade account on both platforms?  :-\


The normal ICM True ECN account and the cTrader account are completely different. You would require separate accounts for each.

A good reason is commissions for a start.

Our discount on the ICM True ECN account is $5.50 as opposed to the normal $7.00.

Our discount on the cTrader account is $7.00 as opposed to the normal $10.00.
Title: Re: IC MARKETS
Post by: crazycat on October 30, 2012, 02:14:16 AM
My cTrader live account is up an running now. The interface seems much more intuitive to MT4. All I need to work out now is how to re-code my EA's.
Title: Re: IC MARKETS
Post by: pallruf88 on October 30, 2012, 02:23:32 AM
Are the speads better on the ctrades? What abt the comission? higher?
Title: Re: IC MARKETS
Post by: HFT Group on October 30, 2012, 02:31:11 AM
Are the speads better on the ctrades? What abt the comission? higher?

Speads are tighter on cTrader and can go inverted.

The cTrader commission charge is 50m per million.

ICM have offered a discounted commission rate of 35 per million for forum members via the HFT Group agreement.
Title: Re: IC MARKETS
Post by: HFT Group on October 30, 2012, 02:32:41 AM
My cTrader live account is up an running now. The interface seems much more intuitive to MT4. All I need to work out now is how to re-code my EA's.


ICM can arrange to have private EAs recoded for free by cTrader.
Title: Re: IC MARKETS
Post by: Highlander on October 30, 2012, 04:14:06 AM
My cTrader live account is up an running now. The interface seems much more intuitive to MT4. All I need to work out now is how to re-code my EA's.
is there any mql4 to cTrader converter?
Title: Re: IC MARKETS
Post by: HFT Group on October 30, 2012, 06:43:56 AM
Nice results on ICM today with the tick scalpers.

Positive slip of 1.4 pips on UJ trade.

Total of +395 pips over 2 accounts.
Title: Re: IC MARKETS
Post by: iwillsurvive on October 30, 2012, 06:59:14 AM
Nice results on ICM today with the tick scalpers.

Positive slip of 1.4 pips on UJ trade.

Total of +390 pips over 2 accounts.

you use beeks NY?

with or without x-connect?
Title: Re: IC MARKETS
Post by: HFT Group on October 30, 2012, 07:07:39 AM
Nice results on ICM today with the tick scalpers.

Positive slip of 1.4 pips on UJ trade.

Total of +390 pips over 2 accounts.

you use beeks NY?

with or without x-connect?

CNS for ICM
Title: Re: IC MARKETS
Post by: pallruf88 on October 30, 2012, 07:16:41 AM
CNS is good enough for IC markets. :)
Title: Re: IC MARKETS
Post by: Highlander on October 30, 2012, 08:01:32 AM
Nice results on ICM today with the tick scalpers.

Positive slip of 1.4 pips on UJ trade.

Total of +395 pips over 2 accounts.
good! no1 or nmi?
Title: Re: IC MARKETS
Post by: Chippy on October 30, 2012, 09:59:27 AM
Very nice trading Jon  ;)

Nice results on ICM today with the tick scalpers.

Positive slip of 1.4 pips on UJ trade.

Total of +395 pips over 2 accounts.
Title: Re: IC MARKETS
Post by: HFT Group on October 30, 2012, 10:53:27 AM
Nice results on ICM today with the tick scalpers.

Positive slip of 1.4 pips on UJ trade.

Total of +395 pips over 2 accounts.
good! no1 or nmi?

NMI SS, conservative and aggressive modes with Cband true.
Title: Re: IC MARKETS
Post by: Ammeo on October 30, 2012, 04:20:31 PM
They r not providing accounts to clients from my country..:@ ..they were my first choice for the CFD providers...
Title: Re: IC MARKETS
Post by: crazycat on October 31, 2012, 03:40:04 AM
So we know NMI SS did well what about Forex Minute Trader?  Any results anyone?
Title: Re: IC MARKETS
Post by: muzzamcc on October 31, 2012, 03:44:37 AM
So we know NMI SS did well what about Forex Minute Trader?  Any results anyone?
They are the same...so yes it would have, give or take the usual variability of spike trading
Title: Re: IC MARKETS
Post by: Chippy on October 31, 2012, 11:32:17 AM
I can't see anywhere on their website about FX Margin Levels, margin calls, etc, please does anyone have any info they could share? many thanks  :D
Title: Re: IC MARKETS
Post by: crazycat on November 01, 2012, 02:43:44 AM
I can't see anywhere on their website about FX Margin Levels, margin calls, etc, please does anyone have any info they could share? many thanks  :D

My leverage is 500:1, I think the margin call level is 150%, but I have never needed to worry about this.
Title: Re: IC MARKETS
Post by: Chippy on November 01, 2012, 03:00:48 AM
Hi Crazycat, ;D thank you for your help, I forgot to mention also the stop out level, so I asked IC Markets to which they responded 'the stop out level is 100%'

thanks Crazycat  ;)

I can't see anywhere on their website about FX Margin Levels, margin calls, etc, please does anyone have any info they could share? many thanks  :D

My leverage is 500:1, I think the margin call level is 150%, but I have never needed to worry about this.
Title: Re: IC MARKETS
Post by: crazycat on November 03, 2012, 06:29:51 AM
They told me that the margin call level was at 100% and stopout level 150%.
Title: Re: IC MARKETS
Post by: Candlestick on November 03, 2012, 07:44:07 AM
Anyone scalping with this broker? Id like the execution time and slippage opinions please.
They look good on paper, like many brokers do, but i read from forums that their "intant execution" time is just another BS and entering/exiting trades take forever. Specially for clients who trade medium+ lot size and are profitable.
Title: Re: IC MARKETS
Post by: HFT Group on November 03, 2012, 09:30:18 AM
Anyone scalping with this broker? Id like the execution time and slippage opinions please.
They look good on paper, like many brokers do, but i read from forums that their "intant execution" time is just another BS and entering/exiting trades take forever. Specially for clients who trade medium+ lot size and are profitable.


My average execution times with tick scalping ea's are in the low to mid 300 m/s range from CNS.

Over the last week the maximum negative slip I have seen was -1.4 pips on news spike, the maximum positive slip was +1.4 pips on an EJ spike trade.
Title: Re: IC MARKETS
Post by: Candlestick on November 03, 2012, 09:44:14 AM
No offence buddy, but you have personal interest with them. So you are not exactly objective person for asking opinion.
Plus your account is really small. Im looking for 1.0 or greater lot size trade execution times.
Title: Re: IC MARKETS
Post by: Chippy on November 03, 2012, 01:24:26 PM
thanks for sharing, I will check with them again, I may have made a mistake, will post results here thanks again crazycat  ;D

They told me that the margin call level was at 100% and stopout level 150%.
Title: Re: IC MARKETS
Post by: robl45 on November 03, 2012, 01:59:26 PM
No offence buddy, but you have personal interest with them. So you are not exactly objective person for asking opinion.
Plus your account is really small. Im looking for 1.0 or greater lot size trade execution times.

around 300-400ms should be correct.  slippage has generally been good.  largest i've seen was like 5 pips but that was during news and happened once or twice in the few months I been with them.  typically around 0-1.5 pips slippage on stops, sometimes postive slippage.  limit orders typically are at the limit price or slight positive slippage.
Title: Re: IC MARKETS
Post by: Candlestick on November 03, 2012, 02:17:25 PM
Ty, Robl.

I keep eye on your account. Perhaps ill give them a chance aswell. First im looking forward to their new website. The current one is just sad.  :(
Title: Re: IC MARKETS
Post by: HFT Group on November 03, 2012, 10:10:38 PM
No offence buddy, but you have personal interest with them. So you are not exactly objective person for asking opinion.
Plus your account is really small. Im looking for 1.0 or greater lot size trade execution times.


No offence?

My 'really small' account is one of 2 accounts I hold with ICM. The other is substantially larger.

Personal interest? Yes, I enjoy the same benefits that other forum members enjoy with IC Markets.
If you go back through this thread you will find some early negative posts regarding what I deemed to be excessive slippage in the early days of IC Markets before they switched to Integral. My opinions and posts have and always will be objective!

I do not post results that cannot be backed up by facts.
The times and slippage figures I quoted can be verified by screenshots should I choose. I have never felt this necessary given my 'small' live account is available for anyone to review.

The execution times I quoted have been confirmed by other ICM users. Slippage figures quoted were taken from all trades last week as indicated by the HUD on NMi SuperScalper V1.21/1.22 on both my ICM accounts.

Title: Re: IC MARKETS
Post by: petersurrey on November 03, 2012, 10:31:59 PM
Ty, Robl.

I keep eye on your account. Perhaps ill give them a chance aswell. First im looking forward to their new website. The current one is just sad.  :(

..websites are just for marketing..true test is the platform and ICM have one of the best, and certainly better than that of Alpari's bucket shop..
Title: Re: IC MARKETS
Post by: januzbull on November 04, 2012, 05:48:50 AM
Ty, Robl.

I keep eye on your account. Perhaps ill give them a chance aswell. First im looking forward to their new website. The current one is just sad.  :(

..websites are just for marketing..true test is the platform and ICM have one of the best, and certainly better than that of Alpari's bucket shop..

I agree, most of the scam bucketshops build fancy websites to lure in newbie traders that dont know any better. A newbie would probably not even know what to look for but they are fooled by marketing and nice flash banners. This is like judging a book by its cover.   

A good broker should not be deterimed by a website but by the performance of their trading platform, and in particular spreads, latency and slippage, just to name a few. From my experience IC Markets performs well in all of the 3 aforementioned categories and at present in my broker portfolio they are the best performing broker for expert advisors like forex minute trader and Kanagaroo EA. 
Title: Re: IC MARKETS
Post by: Candlestick on November 04, 2012, 08:43:25 AM
..websites are just for marketing..true test is the platform and ICM have one of the best, and certainly better than that of Alpari's bucket shop..

Yes. And they failed badly at that. absolutely zero useful information in lots of text. Looks to me that they are fishing for newbies.
They should take a look at Dukascopy or Alpari web and take example.
Anyway. I need to talk to their live help. I have huge list of questions prepared. If i get answers, i will open account with them too. On paper their spread+comisssion is very appealing indeed.
Title: Re: IC MARKETS
Post by: robl45 on November 04, 2012, 03:09:25 PM
..websites are just for marketing..true test is the platform and ICM have one of the best, and certainly better than that of Alpari's bucket shop..

Yes. And they failed badly at that. absolutely zero useful information in lots of text. Looks to me that they are fishing for newbies.
They should take a look at Dukascopy or Alpari web and take example.
Anyway. I need to talk to their live help. I have huge list of questions prepared. If i get answers, i will open account with them too. On paper their spread+comisssion is very appealing indeed.

you could just ask here, we can probably answer most of the questions.
Title: Re: IC MARKETS
Post by: Podberry on November 04, 2012, 04:03:37 PM
Hi Guys

Those in the know could you please advise on the difference in the pair suffixes, some have an (i) after the pair, eg EURUSDi

If we want to use a scalper like NMI do we load it on a EUR/USD chart or a EUR/USDi

Would appreciate your response

Ta
Pod
Title: Re: IC MARKETS
Post by: Chippy on November 04, 2012, 11:57:41 PM
I think the EUR/USDi is the one you want to use, the i = integral which is the price feed data
Title: Re: IC MARKETS
Post by: Scalptastic on November 05, 2012, 01:56:38 PM
I think the EUR/USDi is the one you want to use, the i = integral which is the price feed data

where is integral matching engine located?

Title: Re: IC MARKETS
Post by: crazycat on November 06, 2012, 02:01:32 AM
I think the EUR/USDi is the one you want to use, the i = integral which is the price feed data

where is integral matching engine located?

I think that it is in Equinux NY4 in New York, and they said the cTrader one is in LD5 in London.
Title: Re: IC MARKETS
Post by: Chippy on November 09, 2012, 12:12:56 PM
I use a Candlestick Countdown Timer to show the time remaining until the next Candle, and I have a fast broadband connection, however on the demo platform I see that the data feed sometimes pauses for upto 1 minute, is this a dodgy data feed? It seems as if the data cant get through sometimes, especially when high volatility occurs maybe? I watched the price on EU today at the SR zones and it was as if there was a break in connection for upto 60 seconds. Does anyone else have experience of this?  8)
Title: Re: IC MARKETS
Post by: crazycat on November 10, 2012, 02:13:18 AM
I use a Candlestick Countdown Timer to show the time remaining until the next Candle, and I have a fast broadband connection, however on the demo platform I see that the data feed sometimes pauses for upto 1 minute, is this a dodgy data feed? It seems as if the data cant get through sometimes, especially when high volatility occurs maybe? I watched the price on EU today at the SR zones and it was as if there was a break in connection for upto 60 seconds. Does anyone else have experience of this?  8)

No problems with the demo feed here. You should check to see that there is not a problem with your EA.
Title: Re: IC MARKETS
Post by: Chippy on November 10, 2012, 08:59:54 AM
Hey Crazycat  ;)

Yeah I have tried it with other broker feeds and I get the same problem, I'll swap the Indicator out for another similar counter and test to see if it does the same, thanks for your feedback  :)

I use a Candlestick Countdown Timer to show the time remaining until the next Candle, and I have a fast broadband connection, however on the demo platform I see that the data feed sometimes pauses for upto 1 minute, is this a dodgy data feed? It seems as if the data cant get through sometimes, especially when high volatility occurs maybe? I watched the price on EU today at the SR zones and it was as if there was a break in connection for upto 60 seconds. Does anyone else have experience of this?  8)

No problems with the demo feed here. You should check to see that there is not a problem with your EA.
Title: Re: IC MARKETS
Post by: Chippy on November 11, 2012, 05:51:51 AM
Bit quiet on here? Anyone else trading with IC Markets? How are things with them? Any news to report or are things going smoothly?  ;)
Title: Re: IC MARKETS
Post by: Chippy on November 11, 2012, 06:06:25 AM
An invitation will be extended to a representative of IC Markets to provide additional information and answer questions from forum members.

that would be good, any news from IC Markets with regard to this?  ;)
Title: Re: IC MARKETS
Post by: JimBss on November 12, 2012, 02:29:00 AM
Are they regulated?

Title: Re: IC MARKETS
Post by: HFT Group on November 12, 2012, 03:08:23 AM
Are they regulated?

ICM are an Australian broker fully regulated by ASIC.
Title: Re: IC MARKETS
Post by: Highlander on November 12, 2012, 04:07:49 AM
Do they have PAMM accounts?
Title: Re: IC MARKETS
Post by: HFT Group on November 12, 2012, 04:32:44 AM
Do they have PAMM accounts?


ICM offer both MAM and PAMM accounts.
They can also be used in conjunction with the discount available to forum members.
Title: Re: IC MARKETS
Post by: brenton on November 13, 2012, 03:37:19 PM
Has anyone got any results to share about ICM's cTrader platform.

I am interested in know about:
1. Average Euro Dollar Spread
2. Slippage
3. Trader Execution Speed

I would also like to hear from anyone who is using an EA on cTrader.

Thanks
Title: Re: IC MARKETS
Post by: Candlestick on November 13, 2012, 06:32:26 PM
Could you expain how PAMM works for investors and managers with them, because theres not a single word on their website. Lots of details please. Starting form exact math of spreads, comissions, best rebates and finishing with account size limits, trading platforms and so on...

I tried to chat with their "LIVE CHAT" but after getting "hello, how can i help you?" i waited for half an hour and chatted with myself only...
Title: Re: IC MARKETS
Post by: nwboater on November 13, 2012, 06:49:17 PM
Could you expain how PAMM works for investors and managers with them, because theres not a single word on their website. Lots of details please. Starting form exact math of spreads, comissions, best rebates and finishing with account size limits, trading platforms and so on...

I tried to chat with their "LIVE CHAT" but after getting "hello, how can i help you?" i waited for half an hour and chatted with myself only...

My understanding is that in a couple of weeks they will have a new website - much needed. It may have the info you seek.

I was an investor in BearBulls PAMM at Instaforex which is in the process of being changed over to IC Markets. He is dealing with Angus Walker @ IC Markets and so far is very pleased with the support he is getting. They are setting up completely new PAMM software. Suggest you contact Angus directly a.walker@icmarkets.com.au

Cheers,
Rod
Title: Re: IC MARKETS
Post by: Candlestick on November 13, 2012, 10:06:09 PM
Today i searched Paypal accepting brokers and found IC markets on list. I thought i give them a change, since i want to put my Aslan grp rebates money to work.
Turns out the information was false. IC markets does not accept paypal funding. No idea why they are on list.  :-[


http://www.earnforex.com/paypal-forex-brokers/

I need to choose one broker from there. Which one?   :-\
Title: Re: IC MARKETS
Post by: alisonr on November 13, 2012, 10:19:45 PM
Today i searched Paypal accepting brokers and found IC markets on list. I thought i give them a change, since i want to put my Aslan grp rebates money to work.
Turns out the information was false. IC markets does not accept paypal funding. No idea why they are on list.  :-[


http://www.earnforex.com/paypal-forex-brokers/

I need to choose one broker from there. Which one?   :-\

seems Moneybookers is accepted for funding but they have denied my request to withdraw via MB   :(
Title: Re: IC MARKETS
Post by: kmf on November 14, 2012, 12:30:26 AM
Today i searched Paypal accepting brokers and found IC markets on list. I thought i give them a change, since i want to put my Aslan grp rebates money to work.
Turns out the information was false. IC markets does not accept paypal funding. No idea why they are on list.  :-[


http://www.earnforex.com/paypal-forex-brokers/

I need to choose one broker from there. Which one?   :-\

seems Moneybookers is accepted for funding but they have denied my request to withdraw via MB   :(

Did they give a reason why?
Title: Re: IC MARKETS
Post by: 4maT on November 14, 2012, 03:16:27 AM
Has anyone got any results to share about ICM's cTrader platform.

I am interested in know about:
1. Average Euro Dollar Spread
2. Slippage
3. Trader Execution Speed

I would also like to hear from anyone who is using an EA on cTrader.

Thanks

I am testing the platform right now,

Spreads are excellent -0.1 to 0.2 in London/US session
I haven't seen any slippage, but I am trading small volume atm.
Execution is a whole different story, I measured execution times from 600ms to over 5 seconds. From my VPS with a latency of 4ms to the proxyserver.

4mat
Title: IC MARKETS
Post by: alanhoo on November 14, 2012, 03:48:44 AM
Just a couple of questions,

1. Does IC Markets "B" Book all new accounts, so they get filled at better prices
2. What is their average execution and fill speed?
3. Do you live account holders get filled at better than expected prices?

I personally have given them a try on DEMO, and had a real account funded.

But even their DEMO feed is lagging when I compared similar time frames and feeds from Pepperstone / Alpari / Tradefort and Axitrader.

I had this feed issue yesterday when EUR/USD suddenly jumped late in EU session, all the above brokers had price bars at 1.27272 but IC Markets never reached that price on the similar bar, I will try to post screenshots of it later.

Could a broker's liquidity cause so much difference between price feeds and bars? The price was eventually hit 1 bar later (30min) as compared to all other brokers.
Title: Re: IC MARKETS
Post by: Highlander on November 14, 2012, 03:53:36 AM
Spike was at 1.27283..
Title: Re: IC MARKETS
Post by: alisonr on November 14, 2012, 04:12:54 AM
Today i searched Paypal accepting brokers and found IC markets on list. I thought i give them a change, since i want to put my Aslan grp rebates money to work.
Turns out the information was false. IC markets does not accept paypal funding. No idea why they are on list.  :-[


http://www.earnforex.com/paypal-forex-brokers/

I need to choose one broker from there. Which one?   :-\

seems Moneybookers is accepted for funding but they have denied my request to withdraw via MB   :(

Did they give a reason why?

MB will charge "to much" from them, they will have a better agreement with MB in few weeks...they gave the option to go via wire transfer but I have decided to wait few more weeks until MB is fully integrated
Title: Re: IC MARKETS
Post by: crashev on November 14, 2012, 10:27:39 AM

I can say ICMMarkets is not different than any other MT4 broker when it comes to slippage.
After yesterdays spike on eur/usd my

avg. open slip: 19
avg. close slip: 13

And these are high values.
Got similar (or lil higher) on couple other brokers like 4runner, fxsalt, universalfx and others...Probably FxPig have similar.

So at the end of the day ICM is not so great as it was advertised by others before.
Title: Re: IC MARKETS
Post by: Chippy on November 14, 2012, 10:57:51 AM
hello crashev does that mean 1.9pip & 1.3pip slippage? thanks  :)


I can say ICMMarkets is not different than any other MT4 broker when it comes to slippage.
After yesterdays spike on eur/usd my

avg. open slip: 19
avg. close slip: 13

And these are high values.
Got similar (or lil higher) on couple other brokers like 4runner, fxsalt, universalfx and others...Probably FxPig have similar.

So at the end of the day ICM is not so great as it was advertised by others before.
Title: Re: IC MARKETS
Post by: crashev on November 14, 2012, 10:59:26 AM
Yes it means 19 points (1.9 pips) and 13 points (1.3 pips).
In terms of fast scalping everything over 10 points (1 pip) is harmful to Your profits and often makes
different between profitable or non-profitable trade.

hello crashev does that mean 1.9pip & 1.3pip slippage? thanks  :)


I can say ICMMarkets is not different than any other MT4 broker when it comes to slippage.
After yesterdays spike on eur/usd my

avg. open slip: 19
avg. close slip: 13

And these are high values.
Got similar (or lil higher) on couple other brokers like 4runner, fxsalt, universalfx and others...Probably FxPig have similar.

So at the end of the day ICM is not so great as it was advertised by others before.
Title: Re: IC MARKETS
Post by: Chippy on November 14, 2012, 11:04:52 AM
thank you for clarification for me crashev  ;)
Title: Re: IC MARKETS
Post by: Candlestick on November 14, 2012, 12:18:23 PM
Thats extremely high as average. How did u measure?
Title: Re: IC MARKETS
Post by: 4maT on November 14, 2012, 12:32:37 PM
Thats extremely high as average. How did u measure?

With this algo I wrote


Code: [Select]
using System;
using System.Diagnostics;
using cAlgo.API;
using cAlgo.API.Indicators;
using cAlgo.Indicators;
using System.IO;

namespace cAlgo.Robots
{
    [Robot]
    public class Executiontestlogfile : Robot
    {
   
    [Parameter(DefaultValue = 1000, MinValue = 0)]
        public int Volume { get; set; }
        StreamWriter _fileWriter;
        private Position position;       
        int counter = 0;
        Stopwatch stopwatch = new Stopwatch();

protected override void OnStart()
        {
var desktopFolder = Environment.GetFolderPath(Environment.SpecialFolder.DesktopDirectory);//getting location of user's Desktop folder 
var filePath = Path.Combine(desktopFolder, "ExecutionTime.txt");

_fileWriter = File.AppendText(filePath);//creating file

_fileWriter.AutoFlush = true;//file will be saved on each change
        }
       
        protected override void OnTick()
        {
          if (Trade.IsExecuting) return;
          if (position == null)
{         
        stopwatch.Start();
              Trade.CreateBuyMarketOrder(Symbol, Volume);
            }
             
             
}

protected override void OnPositionOpened(Position openedPosition)
        {
              stopwatch.Stop();
             
              string Code = " " + Convert.ToString(stopwatch.ElapsedMilliseconds);
              ChartObjects.DrawText("Labels",
  "Execution: " , StaticPosition.BottomLeft, Colors.Blue);
  ChartObjects.DrawText("Code", Code, StaticPosition.BottomLeft, Colors.LimeGreen);
  Trade.Close(openedPosition);
  _fileWriter.WriteLine("Server Time: " + Server.Time + " Execution Time: " + Code);

             
        }

       protected override void OnPositionClosed(Position position)
       {
     
       position = null;
       stopwatch.Reset();
     
       
       }
    }
}

4maT
Title: Re: IC MARKETS
Post by: Chippy on November 14, 2012, 12:43:28 PM
Those with a Live IC Account please, does your demo account become your Live account when funded? Or is there a seperate Live account created so you can run with the demo also?

Sorry for newbie question I havent opened an account before thank you  :)
Title: Re: IC MARKETS
Post by: muzzamcc on November 14, 2012, 12:49:22 PM
Those with a Live IC Account please, does your demo account become your Live account when funded? Or is there a seperate Live account created so you can run with the demo also?

Sorry for newbie question I havent opened an account before thank you  :)
As with all brokers you can continue with the demo account and also a live account, but you can only be logged into 1 account at a time from the 1 platform. To be logged into both together you need 2 platforms. 1 for live, 1 for demo.
Title: Re: IC MARKETS
Post by: Chippy on November 14, 2012, 01:04:21 PM
appreciate your feedback muzzamcc, thank you kindly :)

Those with a Live IC Account please, does your demo account become your Live account when funded? Or is there a seperate Live account created so you can run with the demo also?

Sorry for newbie question I havent opened an account before thank you  :)
As with all brokers you can continue with the demo account and also a live account, but you can only be logged into 1 account at a time from the 1 platform. To be logged into both together you need 2 platforms. 1 for live, 1 for demo.
Title: Re: IC MARKETS
Post by: brenton on November 15, 2012, 05:45:55 AM
Has anyone got any results to share about ICM's cTrader platform.

I am interested in know about:
1. Average Euro Dollar Spread
2. Slippage
3. Trader Execution Speed

I would also like to hear from anyone who is using an EA on cTrader.

Thanks

I am testing the platform right now,

Spreads are excellent -0.1 to 0.2 in London/US session
I haven't seen any slippage, but I am trading small volume atm.
Execution is a whole different story, I measured execution times from 600ms to over 5 seconds. From my VPS with a latency of 4ms to the proxyserver.

4mat

Thank you for this
Title: Re: IC MARKETS
Post by: brenton on November 16, 2012, 04:27:14 AM
Do they offer free VPS for their MT4
Title: Re: IC MARKETS
Post by: HFT Group on November 16, 2012, 05:26:45 AM
Do they offer free VPS for their MT4


ICM will provide a free sponsored cns 'value edition' vps if you trade 20+ lots per month on a normal True ECN account with the $7.00 per lot commission rate.

If you open an ICM account via the HFT Group discount commission offer of $5.50 per lot, you are required to trade 100+ lots per month for the free sponsored vps.
Title: Re: IC MARKETS
Post by: cb75 on November 16, 2012, 09:34:08 AM
 Regarding slippage I have always experienced frequent and large negative slippage on ICM. Rarely get positive slippage, so you really need to factor that in. Despite very low advertised spreads once you count the slippage in it isn't that "tight".
 Most recent example: SL was 1.58395... trade ended up closing at 1.58313 so more than 8 pips. Just for laughs I ran an EA that trades pretty much every minute @ 0.01 lots. Despite on paper counting the TP's and SL's hit it should have been up a fair amount if you look at the closed price it was badly in the negative.


11.15.2012 00:19    11.15.2012 09:30   GBPUSD    Buy   1.00    1.58395    -    1.58390    1.58313
Title: Re: IC MARKETS
Post by: Chippy on November 16, 2012, 09:43:13 AM
Hi cb75 thanks for sharing your experiences with execution, pls can you tell us the time of your trade is that the server time in GMT? thank you kindly :)

Regarding slippage I have always experienced frequent and large negative slippage on ICM. Rarely get positive slippage, so you really need to factor that in. Despite very low advertised spreads once you count the slippage in it isn't that "tight".
 Most recent example: SL was 1.58395... trade ended up closing at 1.58313 so more than 8 pips. Just for laughs I ran an EA that trades pretty much every minute @ 0.01 lots. Despite on paper counting the TP's and SL's hit it should have been up a fair amount if you look at the closed price it was badly in the negative.


11.15.2012 00:19    11.15.2012 09:30   GBPUSD    Buy   1.00    1.58395    -    1.58390    1.58313
Title: Re: IC MARKETS
Post by: brenton on November 17, 2012, 06:08:33 AM
Did this happen around end of day when there is less liquidity?
Title: Re: IC MARKETS
Post by: Candlestick on November 17, 2012, 07:04:13 AM
Liquidity doesnt really matter, if he was trading one micro lot lol.
Title: Re: IC MARKETS
Post by: brenton on November 18, 2012, 02:58:22 AM
Micro lots or no micro lots, slippage depends on a number of market related factors.
Title: Re: IC MARKETS
Post by: Chippy on November 18, 2012, 06:18:56 AM
the trade was possibly around a news event?  :o
Title: Re: IC MARKETS
Post by: Candlestick on November 18, 2012, 10:10:21 AM
Micro lots or no micro lots, slippage depends on a number of market related factors.


You were asking when this happened and now you are talking about market related factors?
Do you have any idea at all how liquidated forex markets are even in deep Asian session? Theres plenty of money available, specially for micro lot trades. Any slippage is purely artificial and only happens if broker is hedging or manipulating your trades.
On dukascopy i could enter 50 000 000$ trade on late US session and only get 0.03-0.05 point slippage on some amounts. Most of the amount is executed on 0.00-0.02 slippage only. On EurUSD pair.
Title: Re: IC MARKETS
Post by: brenton on November 19, 2012, 04:29:28 AM
Micro lots or no micro lots, slippage depends on a number of market related factors.


You were asking when this happened and now you are talking about market related factors?
Do you have any idea at all how liquidated forex markets are even in deep Asian session? Theres plenty of money available, specially for micro lot trades. Any slippage is purely artificial and only happens if broker is hedging or manipulating your trades.
On dukascopy i could enter 50 000 000$ trade on late US session and only get 0.03-0.05 point slippage on some amounts. Most of the amount is executed on 0.00-0.02 slippage only. On EurUSD pair.

Slippage is certainly not artificial with ecn brokers. It is related to the use of the market execution order type in MT4 which it obvoiusly subject to demand and supply at the time of taking the trade. Liquidity is another thing alltogether and is related to the number of LP's a broker has in their price stream, different broker have different banks and dark pools pricing them, hence brokers have different feeds and EAs get different results.

There are also some brokers like ICM that show the real depth so you actually know how much is on the bid and ask at any time.

On another note in your comment you say that "slippage is purely artificial and only occurs when a broker is manipulating you trades". You then go onto say that you get slippage at Dukascopy, so I guess Dukascopy is manupulating your trades then right? I hope you like trading with a broker which are "knowlingly aware" is maniplulating all the trades you place, good luck with that!
Title: Re: IC MARKETS
Post by: Chippy on November 19, 2012, 07:53:20 AM
guys is there a bank fee at IC Markets end for wire transfers to fund account? thanks  ;)
Title: Re: IC MARKETS
Post by: Candlestick on November 19, 2012, 07:56:09 AM
 ???
Slippage with Dukascopy occurs only then theres not enought amount with a price i want. Those slippages are never as high as with any other broker. Jforex shows market dept, so you can see what are you getting, before you execute the trade.
It has nothing to do with Dukas manipulating the trader.
Title: Re: IC MARKETS
Post by: HFT Group on November 19, 2012, 08:02:39 AM
guys is there a bank fee at IC Markets end for wire transfers to fund account? thanks  ;)


IC Markets do not charge any fees for bank wire deposits or withdrawals.

The only fees you will incur are your own banks' fees and fees from any intermediary banks your bank may use.
Title: Re: IC MARKETS
Post by: Chippy on November 19, 2012, 08:04:31 AM
Hi Jon thank you do you also know if they charge a fee for international wire transfers as I heard that it was $20 AUD per wire transfer? thanks again  :)

guys is there a bank fee at IC Markets end for wire transfers to fund account? thanks  ;)


IC Markets do not charge any fees for bank wire deposits or withdrawals.

The only fees you will incur are your own banks' fees and fees from any intermediary banks your bank may use.
Title: Re: IC MARKETS
Post by: HFT Group on November 19, 2012, 08:17:28 AM


The last time I inquired ICM told me that there were no fees charged by them for any deposits or withdrawals via bank wire. This included both local transfers within Australia and overseas bank wires.




Hi Jon thank you do you also know if they charge a fee for international wire transfers as I heard that it was $20 AUD per wire transfer? thanks again  :)

guys is there a bank fee at IC Markets end for wire transfers to fund account? thanks  ;)


IC Markets do not charge any fees for bank wire deposits or withdrawals.

The only fees you will incur are your own banks' fees and fees from any intermediary banks your bank may use.
Title: Re: IC MARKETS
Post by: Chippy on November 19, 2012, 08:25:37 AM
Thanks for your feedback Jon, I checked with IC Markets live chat and quote:

IC Markets Support: yes there are

the bank that we go through charges $12 for deposits and $20 for withdrawals




The last time I inquired ICM told me that there were no fees charged by them for any deposits or withdrawals via bank wire. This included both local transfers within Australia and overseas bank wires.

Title: Re: IC MARKETS
Post by: Candlestick on November 19, 2012, 08:54:13 AM
Thats pretty much normal fees for international transfers. Cant get much cheaper than that.
Title: Re: IC MARKETS
Post by: Chippy on November 19, 2012, 08:57:54 AM
  ;)

Thats pretty much normal fees for international transfers. Cant get much cheaper than that.
Title: Re: IC MARKETS
Post by: HFT Group on November 19, 2012, 09:39:19 AM



Hmmmm......ok, things must have changed since I last inquired.....my apologies.

Hopefully the new payment processor will be available soon allowing more options for deposits and withdrawals.






Thanks for your feedback Jon, I checked with IC Markets live chat and quote:

IC Markets Support: yes there are

the bank that we go through charges $12 for deposits and $20 for withdrawals




The last time I inquired ICM told me that there were no fees charged by them for any deposits or withdrawals via bank wire. This included both local transfers within Australia and overseas bank wires.

Title: Re: IC MARKETS
Post by: Chippy on November 19, 2012, 09:55:37 AM
Hi Jon, yes the new payment processor sounds great, any idea please when they will be implementing it? thanks  ;)




Hmmmm......ok, things must have changed since I last inquired.....my apologies.

Hopefully the new payment processor will be available soon allowing more options for deposits and withdrawals.






Thanks for your feedback Jon, I checked with IC Markets live chat and quote:

IC Markets Support: yes there are

the bank that we go through charges $12 for deposits and $20 for withdrawals




The last time I inquired ICM told me that there were no fees charged by them for any deposits or withdrawals via bank wire. This included both local transfers within Australia and overseas bank wires.

Title: Re: IC MARKETS
Post by: jubal on November 19, 2012, 07:34:30 PM
Not sure if this helps anyone thinking about fees. I have a Ic Markets account. to fund in GBP cost me 7.50gbp to my own bank to transfer. I transferred 5000 gbp and it appeared as 4990 on my account, so I assume the Aussie bank took 10gbp. Total 17.50gbp. Havent withdrawn anything yet
Title: Re: IC MARKETS
Post by: Chippy on November 20, 2012, 02:30:58 AM
 :) thank you Jabal for sharing that helps me a lot

Not sure if this helps anyone thinking about fees. I have a Ic Markets account. to fund in GBP cost me 7.50gbp to my own bank to transfer. I transferred 5000 gbp and it appeared as 4990 on my account, so I assume the Aussie bank took 10gbp. Total 17.50gbp. Havent withdrawn anything yet
Title: Re: IC MARKETS
Post by: kookoo on November 20, 2012, 12:13:17 PM
You cant withdraw through any other means except wire for at least 2 weeks: Here is the mail I got after trying to withdraw.

In regards to the Moneybookers withdrawal, unfortunately it cannot be processed at the moment. We are currently implementing a new multicurrency gateway which prevents outbound transactions for a short while. In around a fortnight, everything will be completed and withdrawal processes will be back to normal. We can still process withdrawals, though only through wire at the moment. If you wish to process it that way, please fill out another form for electronic funds transfer and send it to us. If you have any more questions, feel free to contact us via email or the live chat on our website.

However good the broker may be I feel that its pretty unacceptable that they cant process a withdrawal to my chosen destination for 2 weeks. I cant believe that in the interim period they cant just use the old system, until the new one is up and running. This is very unprofessional.
Title: Re: IC MARKETS
Post by: jubal on November 20, 2012, 12:38:10 PM
You cant withdraw through any other means except wire for at least 2 weeks: Here is the mail I got after trying to withdraw.

In regards to the Moneybookers withdrawal, unfortunately it cannot be processed at the moment. We are currently implementing a new multicurrency gateway which prevents outbound transactions for a short while. In around a fortnight, everything will be completed and withdrawal processes will be back to normal. We can still process withdrawals, though only through wire at the moment. If you wish to process it that way, please fill out another form for electronic funds transfer and send it to us. If you have any more questions, feel free to contact us via email or the live chat on our website.

However good the broker may be I feel that its pretty unacceptable that they cant process a withdrawal to my chosen destination for 2 weeks. I cant believe that in the interim period they cant just use the old system, until the new one is up and running. This is very unprofessional.

My take on what they have written there is that for 2 weeks they can only do wire transfer. Doesnt mean you have to wait 2 weeks on the wire. I assume it will be normal time to receive  4/5 days max.
Title: Re: IC MARKETS
Post by: kookoo on November 20, 2012, 06:35:52 PM
Yes they can only do it via wire. I find that canceling all other means of withdrawal to be pretty strange. A withdrawal to moneybookers is without charge, via wire you have to pay. For a top notch broker I find this is unacceptable. Even scam brokers systelet you make withdrawals to various payment systems.
If they are changing their system they should do it so it does not disrupt the clients. Wait until the new system is in place before discontinuing the old one.
Title: Re: IC MARKETS
Post by: HFT Group on November 21, 2012, 05:58:16 AM


Deposits and withdrawals via MoneyBookers in AUD only are available now.

The new payment processor (Global Collect) will be available shortly providing a lot more deposit and withdrawal options.

Bank wire deposits and withdrawals are and always have been, available at any time.
Title: Re: IC MARKETS
Post by: Chippy on November 21, 2012, 06:53:57 AM
 ;) thank you for the info Jon



Deposits and withdrawals via MoneyBookers in AUD only are available now.

The new payment processor (Global Collect) will be available shortly providing a lot more deposit and withdrawal options.

Bank wire deposits and withdrawals are and always have been, available at any time.
Title: Re: IC MARKETS
Post by: jubal on November 21, 2012, 09:32:04 AM
Not sure if this helps anyone thinking about fees. I have a Ic Markets account. to fund in GBP cost me 7.50gbp to my own bank to transfer. I transferred 5000 gbp and it appeared as 4990 on my account, so I assume the Aussie bank took 10gbp. Total 17.50gbp. Havent withdrawn anything yet

I should have added on this post about "assuming Aussie bank took 10gbp"  Does anyone else find this annoying?  I moved 5k and ended up with 4990.  Fair enough there were fees but I didnt get any notification as to why/where the 10gbp went.  Not an IC Market problem but Aussie bank.  Surely they should send a receipt.  Annoys me that they take it out without some sort of explanation.  Sorry just feeling grumpy this morning
Title: Re: IC MARKETS
Post by: kookoo on November 21, 2012, 01:57:43 PM
I think that with an Aussie broker it is easier to have the account in AUD. That way I got my withdrawal to moneybookers and didn´t have to worry about banks fees and horrible exchange rates.
Title: Re: IC MARKETS
Post by: Chippy on November 22, 2012, 07:47:51 AM
hi kookoo can I ask please did you make a withdrawal via moneybookers or you were planning to in the future? thanks  ;)

I think that with an Aussie broker it is easier to have the account in AUD. That way I got my withdrawal to moneybookers and didn´t have to worry about banks fees and horrible exchange rates.
Title: Re: IC MARKETS
Post by: viltsu on November 22, 2012, 10:58:17 AM
Can you connect to demo server? I haven't had the possibility to make a new demo account since yesterday. Seems their demo server is down or why my MT4 doesn't find it?

Thanks
Title: Re: IC MARKETS
Post by: Chippy on November 23, 2012, 01:12:42 AM
can connect to demo server here no problem, check your settings or perhaps speak to live chat? ;)

Can you connect to demo server? I haven't had the possibility to make a new demo account since yesterday. Seems their demo server is down or why my MT4 doesn't find it?

Thanks
Title: Re: IC MARKETS
Post by: timytots on November 24, 2012, 06:42:39 AM
my demo works perfectly, maybee you are pointing to the wrong server ip address
Title: Re: IC MARKETS
Post by: viltsu on November 24, 2012, 07:30:18 AM
Hi guys,

My problem was, I installed MT4 from the old package. It installed some ancient version and that version couldn't connect to ICMarkets.

I downloaded the new install package from their website, installed MT4 from that package, and everything works perfectly.

So, my fault, not IC Markets! :)

Thanks
Title: Re: IC MARKETS
Post by: VegaMax on November 24, 2012, 10:27:08 AM
I funded last week from foreign CITIBANK with no intermidially bank charge.
CITIBANK may be better.
Title: Re: IC MARKETS
Post by: kookoo on November 24, 2012, 10:09:31 PM
hi kookoo can I ask please did you make a withdrawal via moneybookers or you were planning to in the future? thanks  ;)

I think that with an Aussie broker it is easier to have the account in AUD. That way I got my withdrawal to moneybookers and didn´t have to worry about banks fees and horrible exchange rates.

No problem withdrawing via moneybookers
Title: Re: IC MARKETS
Post by: bleach on November 24, 2012, 11:29:55 PM
Hi Jon,

You have pm. Keen to give IC markets a go.
Cheers,
b
Title: Re: IC MARKETS
Post by: Chippy on November 25, 2012, 05:53:21 AM
Guys a while back someone posted on the thread a link to a pdf on IC Markets site with all the Funding and account instructions on it, could anyone point me to it please as I cannot seem to locate the link anywhere, thank you kindly in advance!  :)
Title: Re: IC MARKETS
Post by: Chippy on November 25, 2012, 05:54:10 AM
Guys a while back someone posted on the thread a link to a pdf on IC Markets site with all the Funding and account instructions on it, could anyone point me to it please as I cannot seem to locate the link anywhere, thank you kindly in advance!  :)
Title: Re: IC MARKETS
Post by: fx.mstr on November 26, 2012, 02:47:21 AM
I have some issues on my IC Markets MT4.

Has anyone experienced anything unusual in the last few days?

I don't know yet if it's broker issue or EA issue but I have problem with the verification of 2 of my EAs there, and the 3rd EA (which does not require verification) works strangely.

On the top of that I have problem with the connection of mxfxbook publisher on both of my live accounts (ICM and Pepperstone).
Title: Re: IC MARKETS
Post by: Kiwi Trader on November 26, 2012, 03:41:04 AM
Guys a while back someone posted on the thread a link to a pdf on IC Markets site with all the Funding and account instructions on it, could anyone point me to it please as I cannot seem to locate the link anywhere, thank you kindly in advance!  :)

Hi Chippy

These instructions are for bank wire transfer only:

http://icmarkets.com.au/_literature_129346/ICMarkets-Funding-Instructions

Cheers
Mark
Title: Re: IC MARKETS
Post by: fx.mstr on November 26, 2012, 07:18:04 AM
I have some issues on my IC Markets MT4.

Has anyone experienced anything unusual in the last few days?

I don't know yet if it's broker issue or EA issue but I have problem with the verification of 2 of my EAs there, and the 3rd EA (which does not require verification) works strangely.

On the top of that I have problem with the connection of mxfxbook publisher on both of my live accounts (ICM and Pepperstone).

Update

It seems to me the issue is broker related but they don't take responsibility for that.
On the live chat they tried to convince me about that my it is an EA vendor related issue, but it is not.
I have 3 EAs on that account and I have problem with all the 3. I installed and verified the EAs on my other account and they work fine there.

Besides that I just did a execution test and got far worse results than on the same account few months back, and worse then I got on my Pepperstone account at the same time (by the way Pepperstone also has had some issues today, but I disclose it in the Pepperstone thread).

Attached an extest for IC markets, and for Pepperstone.Theoretically both of them have"on-net" connection with CNS VPS, and when I opened these accounts the execution time was almost the same at both. On ICM now it is the double.
Title: Re: IC MARKETS
Post by: Chippy on November 26, 2012, 07:52:09 AM
Hey Mark, ;)

thats great thank you so much, that is exactly what I was looking for! I had downloaded this form previously and 'filed it' a little too well that I could not locate the file.

Thanks again, I appreciate your help :)

Guys a while back someone posted on the thread a link to a pdf on IC Markets site with all the Funding and account instructions on it, could anyone point me to it please as I cannot seem to locate the link anywhere, thank you kindly in advance!  :)

Hi Chippy

These instructions are for bank wire transfer only:

http://icmarkets.com.au/_literature_129346/ICMarkets-Funding-Instructions

Cheers
Mark
Title: Re: IC MARKETS
Post by: fx.mstr on November 26, 2012, 08:51:10 AM
Guys a while back someone posted on the thread a link to a pdf on IC Markets site with all the Funding and account instructions on it, could anyone point me to it please as I cannot seem to locate the link anywhere, thank you kindly in advance!  :)

Hi Chippy

These instructions are for bank wire transfer only:

http://icmarkets.com.au/_literature_129346/ICMarkets-Funding-Instructions

Cheers
Mark

Do you have information about withdrawal options as well?
Title: Re: IC MARKETS
Post by: HFT Group on November 26, 2012, 09:30:18 AM
Guys a while back someone posted on the thread a link to a pdf on IC Markets site with all the Funding and account instructions on it, could anyone point me to it please as I cannot seem to locate the link anywhere, thank you kindly in advance!  :)

Hi Chippy

These instructions are for bank wire transfer only:

http://icmarkets.com.au/_literature_129346/ICMarkets-Funding-Instructions

Cheers
Mark

Do you have information about withdrawal options as well?

The only withdrawal methods available currently are bank wire and Moneybookers AUD.
 More deposit and withdrawal options will be available soon.
Title: Re: IC MARKETS
Post by: fx.mstr on November 26, 2012, 10:20:26 AM
Guys a while back someone posted on the thread a link to a pdf on IC Markets site with all the Funding and account instructions on it, could anyone point me to it please as I cannot seem to locate the link anywhere, thank you kindly in advance!  :)

Hi Chippy

These instructions are for bank wire transfer only:

http://icmarkets.com.au/_literature_129346/ICMarkets-Funding-Instructions

Cheers
Mark

Do you have information about withdrawal options as well?

The only withdrawal methods available currently are bank wire and Moneybookers AUD.
 More deposit and withdrawal options will be available soon.

Thank you.

One option is enough for me as I'm just going to use it once. When I withdraw all my money from there.
Title: Re: IC MARKETS
Post by: crashev on November 26, 2012, 11:04:13 AM
Reality with ICM lately looks like this:

- high slippage on both open and close
- withdrawal problems (supporting only AUD)
- horrible support
- deposit problems (supporting only AUD)

It's not the broker I could trust with higher amount of money and probably it will not be in the near future.
Title: Re: IC MARKETS
Post by: alanhoo on November 26, 2012, 05:39:01 PM
I'm not sure what slippages you are talking about, I'm trading lotsizes between 1 to 10 lots, and I'm sure those ICMarkets reps can verify this and check it out.

I'm getting nominal to non-slippages, at most half a pip that I see until now, trading only EU only though, so I'm not sure about other pairs. Trading 24/4 on signals if they occur. Non Trades on friday.... Suffered a scare black friday, but still only couple points of slippages given how thin the market is. Probably you could show some evidence of it? I just started trading with them a week ago, still happy with it atm, with the reduced commissions package. :) Thanks Angus and Jon
Title: Re: IC MARKETS
Post by: fx.mstr on November 26, 2012, 05:56:42 PM
I'm not sure what slippages you are talking about, I'm trading lotsizes between 1 to 10 lots, and I'm sure those ICMarkets reps can verify this and check it out.

I'm getting nominal to non-slippages, at most half a pip that I see until now, trading only EU only though, so I'm not sure about other pairs. Trading 24/4 on signals if they occur. Non Trades on friday.... Suffered a scare black friday, but still only couple points of slippages given how thin the market is. Probably you could show some evidence of it? I just started trading with them a week ago, still happy with it atm, with the reduced commissions package. :) Thanks Angus and Jon

The key word is "I just started trading with them a week ago"!

Means that you are new at the broker, and usually the broker b-book the new traders, expecting that they are newbies, and more likely they will lose money.
So you execution is fast, and you are happy... And when you lose your money goes to the broker. When you make constant profit the broker won't like to take the other side of your trade and put you to A-book, means that they forward your order to the market. And that time you don't have as good execution as before any more. You have higher slippage, etc... But this is still normal.

There is another version when the broker does not put you to A-book but start to make you lose money with some dirty tricks and keep your money in their pocket.

Which case is true for ICM I do not know, but this is how usually a retail forex brokers operate.
Title: Re: IC MARKETS
Post by: alanhoo on November 26, 2012, 06:07:44 PM
I'm not sure what slippages you are talking about, I'm trading lotsizes between 1 to 10 lots, and I'm sure those ICMarkets reps can verify this and check it out.

I'm getting nominal to non-slippages, at most half a pip that I see until now, trading only EU only though, so I'm not sure about other pairs. Trading 24/4 on signals if they occur. Non Trades on friday.... Suffered a scare black friday, but still only couple points of slippages given how thin the market is. Probably you could show some evidence of it? I just started trading with them a week ago, still happy with it atm, with the reduced commissions package. :) Thanks Angus and Jon

The key word is "I just started trading with them a week ago"!

Means that you are new at the broker, and usually the broker b-book the new traders, expecting that they are newbies, and more likely they will lose money.
So you execution is fast, and you are happy... And when you lose your money goes to the broker. When you make constant profit the broker won't like to take the other side of your trade and put you to A-book, means that they forward your order to the market. And that time you don't have as good execution as before any more. You have higher slippage, etc... But this is still normal.

There is another version when the broker does not put you to A-book but start to make you lose money with some dirty tricks and keep your money in their pocket.

Which case is true for ICM I do not know, but this is how usually a retail forex brokers operate.

Thanks for your KIND advise, I was with ATC Brokers for 3 years, then I decided to try others, Pepperstone, had a brief encounter with them, but didn't like their published 100 lots / trade was only 50 lots, so I switched to IC Markets after some reviews.

ATC Brokers are good, and they still are, despite what others think of them. But their comissions are on the high side, apart from that, all is really good, execution speed, volume acceptance, +/-1 pip slippages (not really a concern). My main folio are still there, only downside is NFA compliance, that's why I need new brokers for my other EAs.

Sure, this is still only a review period for me, and I'm still happy so far. I had my doubts awhile back too and I've posted here. BUT you need to try to know the real thing. I was comparing demos to real feeds and I had contacts from their backend office assuring me they don't B Book traders, well but who knows, time will tell.

My EA doesn't really care about slippages anyway, I've got a few positive slippages as well during this period, I just consider it a bonus, remind me to check back in a month to give a updated review.
Title: Re: IC MARKETS
Post by: HFT Group on November 26, 2012, 11:56:51 PM
Reality with ICM lately looks like this:

- high slippage on both open and close
- withdrawal problems (supporting only AUD)
- horrible support
- deposit problems (supporting only AUD)

It's not the broker I could trust with higher amount of money and probably it will not be in the near future.


Slippage is no worse than you can expect on an STP broker that does not b-book your trades.
Slippage is a fact of life when trading, especially at times of low liquidity and news announcements.
IC Markets are looking at additional liquidity providers in an effort to minimize slippage, especially for tick scalpers.

Deposits and withdrawals are available via bank wire in 9 different currencies:  AUD, USD, NZD, GBP, CHF, JPY, HKD, EUR, SGD.

Moneybookers and credit card deposits and withdrawals are currently available in AUD but ICM will convert to any of the above mentioned 9 currencies at your request.

Credit card withdrawals are a direct reversal of the deposit transaction so in the currency of the original deposit.

Global Collect will be available soon to provide much greater deposit and withdrawal options.

Support is available 24/5 via phone, Skype and online chat via the ICM website.
Title: Re: IC MARKETS
Post by: crazycat on November 27, 2012, 03:02:45 AM
I have not had any slippage that I would consider abnomal this is event on 50-75 lot trades. My EA's also work fine with no error, average latency is 220 m/s for me. IC will give you the trade stats directly from the bridge if you ask them, here you can see the quality and speed of your fills and review it over time.

I think some of the posters here really dont know what they are talking about, have been reading to many consipacy theory books or have not bothered to look at the stats, I guess this is a common problem with newbies or those who are less tech savvy.

Happy to help out those traders who are less exeprienced or tech savvy just PM me, it will help make the information in this forum much better quality.
Title: Re: IC MARKETS
Post by: timytots on November 27, 2012, 08:17:35 AM
Anyone know where I can get ICMarkets 1 min historical EURUSD data from?
Title: Re: IC MARKETS
Post by: Gestur on November 27, 2012, 10:37:20 AM
I also haven't had any slippage problem in 2 months of trading.

I use some self-made scalpers (they trade 24h not only at nights) in 5 different brokers (Thinkforex, Pepperstone, UniversalFX, FXPIG and FXOpen) and the best prices I get are in IC Markets and FXOpen/FXPIG (they are basically the same broker). I don't trade news.

And also this is definitely the best EURUSD spread I've seen.
Title: Re: IC MARKETS
Post by: getting on November 27, 2012, 07:34:24 PM
I have not had any slippage that I would consider abnomal this is event on 50-75 lot trades. My EA's also work fine with no error, average latency is 220 m/s for me. IC will give you the trade stats directly from the bridge if you ask them, here you can see the quality and speed of your fills and review it over time.

VPS server in NYC is always the best, 7ms (NY to BOS), 1ms(NYC to NYC).
CentOS 5 Desktop KDE, Wine, MT4; 11 charts all for 140mb of memory usage.
http://www.cogentco.com/en/network/looking-glass (http://www.cogentco.com/en/network/looking-glass)
http://helpdesk.commercialnetworkservices.net/index.php?_m=knowledgebase&_a=viewarticle&kbarticleid=174 (http://helpdesk.commercialnetworkservices.net/index.php?_m=knowledgebase&_a=viewarticle&kbarticleid=174)
Title: Private x-connect and vps for IC Markets
Post by: HFT Group on November 27, 2012, 10:39:29 PM
Looking for around 20 serious traders to be part of an exclusive group with access to a private fibre optic x-connect and highly resourced, ultra fast NY4 vps for IC Markets.

This will be the best retail NY4 vps available and the only vps you will ever need for any NY based broker.

Each vps should be capable of running at least 20 individual mt4 platforms with one chart per mt4.

25 vps maximum are available on one dedicated high end server.
First in first served.........serious traders only willing to subscribe to a monthly fee of approximately 100 GBP per month for the best vps and the ONLY direct x-connect to ICM.

Please contact me for further info or to reserve a vps.
Title: Re: IC MARKETS
Post by: timytots on November 28, 2012, 09:53:49 PM
Anyone know what the ETA is for Global Collect?
Title: Re: IC MARKETS
Post by: HFT Group on November 29, 2012, 07:22:13 AM
Anyone know what the ETA is for Global Collect?

Coming soon. The work has been done by ICM, waiting on Global Collect to put it all together.
Title: Re: IC MARKETS
Post by: peeper on November 29, 2012, 08:05:30 AM
I also haven't had any slippage problem in 2 months of trading.

I use some self-made scalpers (they trade 24h not only at nights) in 5 different brokers (Thinkforex, Pepperstone, UniversalFX, FXPIG and FXOpen) and the best prices I get are in IC Markets and FXOpen/FXPIG (they are basically the same broker). I don't trade news.

And also this is definitely the best EURUSD spread I've seen.



<<FXOpen/FXPIG (they are basically the same broker)>>

Could you explain this?
Title: Re: IC MARKETS
Post by: timytots on November 29, 2012, 12:44:21 PM
Anyone know what the ETA is for Global Collect?

Coming soon. The work has been done by ICM, waiting on Global Collect to put it all together.

Thank you Jon
Title: Re: IC MARKETS
Post by: timytots on November 30, 2012, 10:12:53 AM
I also haven't had any slippage problem in 2 months of trading.

I use some self-made scalpers (they trade 24h not only at nights) in 5 different brokers (Thinkforex, Pepperstone, UniversalFX, FXPIG and FXOpen) and the best prices I get are in IC Markets and FXOpen/FXPIG (they are basically the same broker). I don't trade news.

And also this is definitely the best EURUSD spread I've seen.



<<FXOpen/FXPIG (they are basically the same broker)>>

Could you explain this?

FXOpen and FXpig have the exact same EURUSD spread. IC Markets spread is still much better.
Title: Re: IC MARKETS
Post by: Gestur on November 30, 2012, 10:32:52 AM
I also haven't had any slippage problem in 2 months of trading.

I use some self-made scalpers (they trade 24h not only at nights) in 5 different brokers (Thinkforex, Pepperstone, UniversalFX, FXPIG and FXOpen) and the best prices I get are in IC Markets and FXOpen/FXPIG (they are basically the same broker). I don't trade news.

And also this is definitely the best EURUSD spread I've seen.



<<FXOpen/FXPIG (they are basically the same broker)>>

Could you explain this?

They not only have the exact price feed and spread. I can also log in to FXOpen Metatrader using FXPIG user and password and vice versa.
Title: Re: IC MARKETS
Post by: Gestur on November 30, 2012, 10:36:54 AM
Yesterday I made a test to verify if IC Markets is a true ECN broker. I introduced a limited buy order inside the spread in EURCAD in a low liquidity time and it was filled before the ask line touched it, in fact the ask line never touched it because the price went up, so I'm pretty sure my order was A-Booked.
Title: Re: IC MARKETS
Post by: Chippy on November 30, 2012, 02:06:01 PM
Thanks for sharing  ;) I like the sound of this report

Yesterday I made a test to verify if IC Markets is a true ECN broker. I introduced a limited buy order inside the spread in EURCAD in a low liquidity time and it was filled before the ask line touched it, in fact the ask line never touched it because the price went up, so I'm pretty sure my order was A-Booked.
Title: Re: IC MARKETS
Post by: ak386 on November 30, 2012, 05:17:59 PM
It seems a bit funny that IC Markets WEB displayed in all forms of deposit funds, and does not show the ways to withdraw funds in the WEB.
Will wonder you can not withdraw the money?
There are many brokers where you never see your money again.
Hope someone explain me.
Why a broker gives so little importance to withdrawals?
How much is the fee for withdrawing?
Title: Re: IC MARKETS
Post by: HFT Group on December 01, 2012, 02:09:13 AM
It seems a bit funny that IC Markets WEB displayed in all forms of deposit funds, and does not show the ways to withdraw funds in the WEB.
Will wonder you can not withdraw the money?
There are many brokers where you never see your money again.
Hope someone explain me.
Why a broker gives so little importance to withdrawals?
How much is the fee for withdrawing?

Withdrawals are available by bank wire, The fee is $20 for a wire transfer.
You can also withdraw via Moneybookers in AUD only.
Title: Re: IC MARKETS
Post by: rambo on December 01, 2012, 02:42:28 AM
It says on their withdrawal form http://www.icmarkets.com.au/client_forms_ic_markets.html that they do credit card withdrawals also. Please confirm.
Title: Re: IC MARKETS
Post by: ak386 on December 01, 2012, 04:01:48 AM
jonpearce, you know if ICM has support in Spanish?
Title: Re: IC MARKETS
Post by: joelburns on December 01, 2012, 05:50:33 AM
Can I please have the commission discount link.
Title: Re: IC MARKETS
Post by: HFT Group on December 01, 2012, 06:08:09 AM
It says on their withdrawal form http://www.icmarkets.com.au/client_forms_ic_markets.html that they do credit card withdrawals also. Please confirm.

Deposits made by credit card are withdrawn back to the credit card.
Title: Re: IC MARKETS
Post by: HFT Group on December 01, 2012, 06:09:47 AM
jonpearce, you know if ICM has support in Spanish?

Not that I know of and I don't speak it. I will check on Monday though.
Title: Re: IC MARKETS
Post by: HFT Group on December 01, 2012, 06:10:37 AM
Can I please have the commission discount link.

Please check your PM's.
Title: Re: IC MARKETS
Post by: frankrb78 on December 01, 2012, 08:39:00 AM
Hello all, i'm new, i'm from Italy, i need open ECN account with IC Markets, how can i have discount of commissions
with HFT Group? Thanks Luca
Title: Re: IC MARKETS
Post by: VegaMax on December 01, 2012, 02:46:40 PM
Yesterday I made a test to verify if IC Markets is a true ECN broker. I introduced a limited buy order inside the spread in EURCAD in a low liquidity time and it was filled before the ask line touched it, in fact the ask line never touched it because the price went up, so I'm pretty sure my order was A-Booked.

Is this a general procedure to confirm if it's a true ECN or not?
How can you prove that it was not ever touched the limit order?

If the things work like that I appreciate your contribution. + Rep  ;)
Title: Re: IC MARKETS
Post by: Gestur on December 01, 2012, 06:11:46 PM
Yesterday I made a test to verify if IC Markets is a true ECN broker. I introduced a limited buy order inside the spread in EURCAD in a low liquidity time and it was filled before the ask line touched it, in fact the ask line never touched it because the price went up, so I'm pretty sure my order was A-Booked.

Is this a general procedure to confirm if it's a true ECN or not?
How can you prove that it was not ever touched the limit order?

If the things work like that I appreciate your contribution. + Rep  ;)

Just after putting the limited order I opened a modify order window and you can see the Bid and Ask lines and where your order is. Normally in a market maker, your limited buy order only gets filled when the ask line touches it (obviously the broker wants you to "pay" the entire spread), but in a real market, if you place an order inside the spread, the spread gets smaller because your new order is the Bid line, and if a market sell order is entered by anyone else, you get filled without the Ask line touching you. I did it and a few seconds later my order got filled and the Ask line didn't moved so I'm pretty sure my order was transferred to real market.

The same thing works on FXPig and FXOpen, but I tried to do it in Universal FX (they say they are a true ECN broker) but they don't allow to put limited orders inside the spread, so it's very suspicious.


Title: Re: IC MARKETS
Post by: narele on December 02, 2012, 08:30:38 AM
Very nice results with ICM Gestur.

I also notice that ICM's Gold spreads are tighter now, I think that ICM are getting better when other brokers are getting worse.

I think they are the best broker at the moment.
Title: Re: IC MARKETS
Post by: harrys on December 02, 2012, 12:24:28 PM
Form what I read I think ICM are the best broker for scalping.

Mr Pearce please send me the special discount link.

Thank you

Harry S, Germany
Title: Re: IC MARKETS
Post by: HFT Group on December 03, 2012, 10:27:54 AM
Form what I read I think ICM are the best broker for scalping.

Mr Pearce please send me the special discount link.

Thank you

Harry S, Germany

Please check your PM's Harry.
Title: Re: IC MARKETS
Post by: HFT Group on December 03, 2012, 10:32:02 AM


Anyone wanting the discount link for the IC Markets True ECN account please just send me a quick PM.

My PM's come directly to my email or cell phone if I am out, but I do not always see forum posts as quickly and wish to respond to you as early as possible.

Thanks  :)
Title: Re: IC MARKETS
Post by: VegaMax on December 03, 2012, 01:33:59 PM
Yesterday I made a test to verify if IC Markets is a true ECN broker. I introduced a limited buy order inside the spread in EURCAD in a low liquidity time and it was filled before the ask line touched it, in fact the ask line never touched it because the price went up, so I'm pretty sure my order was A-Booked.

Is this a general procedure to confirm if it's a true ECN or not?
How can you prove that it was not ever touched the limit order?

If the things work like that I appreciate your contribution. + Rep  ;)

Just after putting the limited order I opened a modify order window and you can see the Bid and Ask lines and where your order is. Normally in a market maker, your limited buy order only gets filled when the ask line touches it (obviously the broker wants you to "pay" the entire spread), but in a real market, if you place an order inside the spread, the spread gets smaller because your new order is the Bid line, and if a market sell order is entered by anyone else, you get filled without the Ask line touching you. I did it and a few seconds later my order got filled and the Ask line didn't moved so I'm pretty sure my order was transferred to real market.

The same thing works on FXPig and FXOpen, but I tried to do it in Universal FX (they say they are a true ECN broker) but they don't allow to put limited orders inside the spread, so it's very suspicious.


Thank you Gestur,
Title: Re: IC MARKETS
Post by: eddieburns on December 03, 2012, 03:38:03 PM
I am new to ICM and I do not know how to set the button trading tool so that it does not appear on charts. Please help.
Title: Re: IC MARKETS
Post by: ak386 on December 03, 2012, 09:53:27 PM
I think a broker that respects the stop loss order and take profit order can be a sign that a broker is honest.
You believe that CIM respects  SL and TP?
Title: Re: IC MARKETS
Post by: ak386 on December 03, 2012, 10:25:53 PM
I want to know what kind of file is allowed to upload in a post
   AVI, DivX, XviD, MPEG, VOB, DAT, WMV, ASF to DVD, SVCD, VCD
I try to upload a file in the attachments to show what happens to me in the demo with IC MARKETS
Can Someone  help me?
Title: Re: IC MARKETS
Post by: HFT Group on December 03, 2012, 11:19:07 PM
jonpearce, you know if ICM has support in Spanish?

Not that I know of and I don't speak it. I will check on Monday though.


IC Markets do actually have a staff member who speaks Spanish.
Title: Re: IC MARKETS
Post by: ak386 on December 04, 2012, 01:07:15 AM
Thanks for the information  jonpearce
Title: Re: IC MARKETS
Post by: kookoo on December 04, 2012, 02:01:44 AM
12 pips negative slippage on a manual trade stop loss. trade placed at 0.01 lot !!! wow that is bad. was there some GBPUSD news at this time... Asian session??? no!!! really strange. Low liquidity?? 0.01 lots not exactly a big order. can someone explain why this can happen?


and its 12 pips not points
Title: Re: IC MARKETS
Post by: HFT Group on December 04, 2012, 03:20:22 AM
12 pips negative slippage on a manual trade stop loss. trade placed at 0.01 lot !!! wow that is bad. was there some GBPUSD news at this time... Asian session??? no!!! really strange. Low liquidity?? 0.01 lots not exactly a big order. can someone explain why this can happen?





and its 12 pips not points


Can you please email details of this trade (your account number and trade number) to a.walker@icmarkets.com.au so they can investigate?
Title: Re: IC MARKETS
Post by: frankrb78 on December 04, 2012, 11:26:40 AM
i'm from italy, i need send money in EUR with wire transfer
by online bank ask me IBAN too .... want 16 number+letter
... begin with Letter....
how can I do?
i have swift, i know australian bank have no iban...
Title: Re: IC MARKETS
Post by: HFT Group on December 04, 2012, 11:56:13 AM
i'm from italy, i need send money in EUR with wire transfer
by online bank ask me IBAN too .... want 16 number+letter
... begin with Letter....
how can I do?
i have swift, i know australian bank have no iban...

We have had this problem before.
Australian banks have SWIFT numbers as you say.
Leave it with me and I will contact ICM tomorrow morning AU time and then PM you the information.
Title: Re: IC MARKETS
Post by: kookoo on December 04, 2012, 12:37:00 PM
12 pips negative slippage on a manual trade stop loss. trade placed at 0.01 lot !!! wow that is bad. was there some GBPUSD news at this time... Asian session??? no!!! really strange. Low liquidity?? 0.01 lots not exactly a big order. can someone explain why this can happen?





and its 12 pips not points


Can you please email details of this trade (your account number and trade number) to a.walker@icmarkets.com.au so they can investigate?

Hi Jon thanks for the help have sent off the trade details.
Title: Re: IC MARKETS
Post by: ferrari on December 04, 2012, 04:51:38 PM
Is this broker good for Robin VOL?
Title: Re: IC MARKETS
Post by: ak386 on December 04, 2012, 05:29:40 PM
I think a broker that respects the stop loss order and take profit order can be a sign that a broker is honest.
You believe that CIM respects  SL and TP orders?
jonpearce, You may have an answer to this question?
Title: Re: IC MARKETS
Post by: LFN on December 04, 2012, 07:26:34 PM
jonpearce - Is it possible to open two accounts with ICM with discounted commission? Or is there a limit to one account?
Title: Re: IC MARKETS
Post by: e1vis on December 04, 2012, 08:32:25 PM
jonpearce - Is it possible to open two accounts with ICM with discounted commission? Or is there a limit to one account?

It's fine, I've done it.
Title: Re: IC MARKETS
Post by: HFT Group on December 04, 2012, 08:48:03 PM
jonpearce - Is it possible to open two accounts with ICM with discounted commission? Or is there a limit to one account?

You can open more than one account no problem.
There is no need to sign up for an additional account.
Just contact ICM and ask them to open an additional account for you under the HFT Group.
Title: Re: IC MARKETS
Post by: LFN on December 04, 2012, 10:35:43 PM
jonpearce - Is it possible to open two accounts with ICM with discounted commission? Or is there a limit to one account?

You can open more than one account no problem.
There is no need to sign up for an additional account.
Just contact ICM and ask them to open an additional account for you under the HFT Group.
jonpearce - Is it possible to open two accounts with ICM with discounted commission? Or is there a limit to one account?

It's fine, I've done it.

Thanks :-)
Title: Re: IC MARKETS
Post by: littlemax on December 04, 2012, 11:45:47 PM
I am new to ICM and I do not know how to set the button trading tool so that it does not appear on charts. Please help.

If you are referring to the mini terminal trader, it is removed the same as any EA - right click on the chart & select expert advisors/remove. I t won't appear on any new charts you open unless you manually load it.
Title: Re: IC MARKETS
Post by: HFT Group on December 05, 2012, 01:12:47 AM
Is this broker good for Robin VOL?

There are a number of forum members running Robin VOL on ICM with good results from reports I get.
Title: Re: IC MARKETS
Post by: HFT Group on December 05, 2012, 01:15:01 AM
I think a broker that respects the stop loss order and take profit order can be a sign that a broker is honest.
You believe that CIM respects  SL and TP orders?
jonpearce, You may have an answer to this question?

Never had any problems with any type of order I have placed on ICM be it market, pending or otherwise.
Title: Re: IC MARKETS
Post by: Highlander on December 05, 2012, 02:40:08 AM
[ post on hold ]

edit: I talked to IC MARKETS and we found solution. So, IC MARKETS is the company you can talk with and sort out problems you may have. good!  8)
Title: Re: IC MARKETS
Post by: frankrb78 on December 05, 2012, 06:48:43 AM
my online bank have problem because they want IBAN.... stupid!!!
it i open account with credit card, and i want account in EUR, there are problems?
i have read credit card are processed in AUD .... so?
can I open with credit card in EUR?
thanks
Title: Re: IC MARKETS
Post by: timytots on December 05, 2012, 11:10:36 AM
Is this broker good for Robin VOL?

Robin vol works just fine.
Title: Re: IC MARKETS
Post by: danp on December 05, 2012, 12:51:00 PM
I know all the big EA MAM accounts are with IC Markets. I want to open one up also but I can not find any information on their site, where can I find a MAM demo?
Title: Re: IC MARKETS
Post by: HFT Group on December 06, 2012, 02:08:53 AM
I know all the big EA MAM accounts are with IC Markets. I want to open one up also but I can not find any information on their site, where can I find a MAM demo?

You will need to contact ICM for a demo but they are not easy to come by I believe.
Title: Re: IC MARKETS
Post by: Chippy on December 06, 2012, 04:48:02 PM
Can I ask please how much you have been paying for the international wire transfer fee on deposits? thanks  :)
Title: Re: IC MARKETS
Post by: timytots on December 07, 2012, 04:42:41 AM
I know all the big EA MAM accounts are with IC Markets. I want to open one up also but I can not find any information on their site, where can I find a MAM demo?

You will need to contact ICM for a demo but they are not easy to come by I believe.

Thanks
Title: Re: IC MARKETS
Post by: peterg on December 07, 2012, 08:06:15 AM
Do broker to transfers work with ICM?. I need to transfer from Instaforex, has anyone done this?
Title: Re: IC MARKETS
Post by: Chippy on December 07, 2012, 09:06:59 AM
I have a problem with IC Markets and their other bank Westpac. I opened an Account with IC Markets and funded the account in GBP. IC Markets provided me with details of Westpac Bank which have a GBP account, so I created a GBP transfer to this account and Westpac Bank did not transfer all of the funds to IC Markets.

There is an amount missing from my trading account. I spoke with IC Markets support and they advised me to contact Westpac Bank as there is 'nothing we can do'. I have emailed the CEO of IC Markets explaining that there has been a mistake made by the bank, but not heard anything from him as yet.

I will update here as soon as Westpac Bank have issued the missing money or IC Markets CEO advises further. So far not a great start for me.  :(
Title: Re: IC MARKETS
Post by: Chippy on December 07, 2012, 09:10:51 AM
When I wanted to speak with Angus, I was told he was in a meeting, and their Live Chat service, no-one is answering. :(
Title: IC MARKETS
Post by: deathlord on December 07, 2012, 09:29:18 AM
If you told us the missing amount, it would be easier to comment in the issue. For international Bank Transfers it is completely normal that One or Both involved Banks deduct fees from the amount. It is your Choice when you Place the Order if the amount should be split between Both Banks or if your Bank should deduct all charges.
Title: Re: IC MARKETS
Post by: Chippy on December 07, 2012, 09:41:42 AM
Yes, that's right I understand the process, related wire transfer fees of both parties and I agree with you.

The issue is that IC Markets have told me that they have not charged a fee. My Bank have charged a fee for the international wire transfer which is correct and I have confirmed, and IC Markets said that there is no fee from their Bank.  I have both sending and receiving bank transactions and they show an amount missing of $36 AUD. IC Markets say Westpac Bank 'are investigating'. I would also like to note that both accounts are GBP, and Westpac Banks transaction record looks like it has been converted from AUD to GBP, hence a possible error.
Title: Re: IC MARKETS
Post by: jubal on December 07, 2012, 10:46:51 AM
If you read a few pages back you will see I also made a wire transfer to IC from UK.  Due to issues with IBAN  I also had to transfer money to Westpac.  I transferred 5000GBP and it showed up on my IC account as 4990.  The missing 10gbp is I assume a fee to Westpac.  Not a big deal but only thing annoys me is no receipts or email confirmations were sent out to say who or where the 10GBP went to. It just disappeared!
Title: Re: IC MARKETS
Post by: timytots on December 07, 2012, 12:12:57 PM
Bank fees are normal for international transfers.
Title: IC MARKETS
Post by: deathlord on December 07, 2012, 12:26:58 PM
But the Standard is Split fees, so unless you changed the Order the 36$ are probably just westpac's Share of the Fee. But in that Case the Fee from your Bank should have been the Same.

And don't get confused by ICM Telling you they don't Charge fees. They don't Charge extra, but if you send an Order with Split fees, Those fees will of Course be charged by westpac.
Title: Re: IC MARKETS
Post by: Chippy on December 07, 2012, 12:54:06 PM
My UK bank charged me £10.00GBP to send the international wire transfer to Westpac and Westpac charge me £23.54 for receiving the funds. A total of £33.54 just to deposit money into my trading account.

I asked IC Markets if there are any fees, firstly they told me there are no fees, then they told me $20 AUD withdrawals and $12 Deposits, but in reality the fees are as above. I intend to take further action.
Title: Re: IC MARKETS
Post by: aagarcia on December 07, 2012, 01:26:37 PM
IC Markets service is just poor.  I sent in a withdrawal form and it's already been 24 hours with no confirmation or response.
Title: Re: IC MARKETS
Post by: timytots on December 07, 2012, 01:31:49 PM
My UK bank charged me £10.00GBP to send the international wire transfer to Westpac and Westpac charge me £23.54 for receiving the funds. A total of £33.54 just to deposit money into my trading account.

I asked IC Markets if there are any fees, firstly they told me there are no fees, then they told me $20 AUD withdrawals and $12 Deposits, but in reality the fees are as above. I intend to take further action.

I don't think this is IC Markets fault. I have used many different brokers around the world and discovered that different banks charge different fees. One thing that I have noticed is that if you are using a small local bank often the bank will use a larger bank known as an intermediary to process  the transfer, the intermediary bank also charge a fee. I would recommend that you ask your bank if the use an intermediary to process international transfers. This is probably the cause of your problem.
Title: Re: IC MARKETS
Post by: jubal on December 07, 2012, 01:55:45 PM
My UK bank charged me £10.00GBP to send the international wire transfer to Westpac and Westpac charge me £23.54 for receiving the funds. A total of £33.54 just to deposit money into my trading account.

I asked IC Markets if there are any fees, firstly they told me there are no fees, then they told me $20 AUD withdrawals and $12 Deposits, but in reality the fees are as above. I intend to take further action.

Well, as I said  £10 was taken by Westpac, quite a bit less than the £23.54 you paid.  My own bank ( Halifax ) charged me £7.50. I understand that this isnt IC markets issue but all fees, including bank fees should be made clear to clients BEFORE they send money. Other brokers are guilty of this too and really its down to us, the clients to demand total visibilty of all costs involved
Title: Re: IC MARKETS
Post by: timytots on December 07, 2012, 04:03:50 PM
My UK bank charged me £10.00GBP to send the international wire transfer to Westpac and Westpac charge me £23.54 for receiving the funds. A total of £33.54 just to deposit money into my trading account.

I asked IC Markets if there are any fees, firstly they told me there are no fees, then they told me $20 AUD withdrawals and $12 Deposits, but in reality the fees are as above. I intend to take further action.

Well, as I said  £10 was taken by Westpac, quite a bit less than the £23.54 you paid.  My own bank ( Halifax ) charged me £7.50. I understand that this isnt IC markets issue but all fees, including bank fees should be made clear to clients BEFORE they send money. Other brokers are guilty of this too and really its down to us, the clients to demand total visibilty of all costs involved

Allot of the time it's not the brokers fault, but rather the banks taking their piece of the pie for processing the transfer. There is no way of a broker knowing whether an intermediary bank is involved nor knowing how much all the banks around the world charge their customers.
Title: My GBP payment to them
Post by: flying-pig on December 07, 2012, 05:12:51 PM
I have just transferred GBP currency to their GBP account according to their funding instruction on their website:

http://icmarkets.com.au/_literature_129346/ICMarkets-Funding-Instructions (http://icmarkets.com.au/_literature_129346/ICMarkets-Funding-Instructions)

My record on my online banking is like this:

I will let you know the result as soon as they receive my fund.

Title: Re: IC MARKETS
Post by: liam on December 08, 2012, 01:31:09 PM
I also sent money, $100,000 from my Lloyds private deposit account. I sent it from the st Pauls branch (UK). I told the branch manager that I will pay all fees, lets see how much arrives. Lloyds also did the conversion from GBP to USD.
Title: Re: IC MARKETS
Post by: timytots on December 08, 2012, 11:55:01 PM
Anyone having login issues with the demo today, im trying to do some blacktesting but can't log in. I can log into the live server though.
Title: Re: IC MARKETS
Post by: ak386 on December 09, 2012, 05:47:26 AM
I also sent money, $100,000 from my Lloyds private deposit account. I sent it from the st Pauls branch (UK). I told the branch manager that I will pay all fees, lets see how much arrives. Lloyds also did the conversion from GBP to USD.
You are the big boy. let us know how everything goes
Title: Re: My GBP payment to them
Post by: HFT Group on December 09, 2012, 07:46:51 AM
I have just transferred GBP currency to their GBP account according to their funding instruction on their website:

http://icmarkets.com.au/_literature_129346/ICMarkets-Funding-Instructions (http://icmarkets.com.au/_literature_129346/ICMarkets-Funding-Instructions)

My record on my online banking is like this:

I will let you know the result as soon as they receive my fund.


The total amount that landed in the ICM GBP Westpac account was credited to the clients trading account.
ICM also incurred a fee that was not passed onto the client.
It seems the clients bank charged a rather excessive additional fee for this transfer or it was charged by a third party involved in the wire transfer.
Title: Re: IC MARKETS
Post by: HFT Group on December 09, 2012, 07:52:39 AM
I also sent money, $100,000 from my Lloyds private deposit account. I sent it from the st Pauls branch (UK). I told the branch manager that I will pay all fees, lets see how much arrives. Lloyds also did the conversion from GBP to USD.


Did you need to open a USD account for some reason?

No matter how small, Lloyds would have taken a cut of the GBP to USD conversion.

You will incur this again if you withdraw in USD and have it exchanged back into GBP.

Seems an unnecessary loss of funds when your bank account is in GBP, you can trade in GBP and withdraw in GDP.

Title: Re: IC MARKETS
Post by: liam on December 09, 2012, 10:44:09 AM
I also sent money, $100,000 from my Lloyds private deposit account. I sent it from the st Pauls branch (UK). I told the branch manager that I will pay all fees, lets see how much arrives. Lloyds also did the conversion from GBP to USD.


Did you need to open a USD account for some reason?

No matter how small, Lloyds would have taken a cut of the GBP to USD conversion.

You will incur this again if you withdraw in USD and have it exchanged back into GBP.

Seems an unnecessary loss of funds when your bank account is in GBP, you can trade in GBP and withdraw in GDP.

All my trading accounts are in USD. I have USD bank account at Lloyds this is where the money will be held when I withdraw profits. Lloyds did take a cut but I get better rates than others would get on the street.
Title: Re: IC MARKETS
Post by: timytots on December 09, 2012, 09:41:47 PM
Anyone having login issues with the demo today, im trying to do some blacktesting but can't log in. I can log into the live server though.

I think this was my fault, sorry guys.
Title: Re: IC MARKETS
Post by: peterg on December 10, 2012, 07:03:30 AM
Do broker to transfers work with ICM?. I need to transfer from Instaforex, has anyone done this?

Well I can say it is difficult to do a B2B transfer from Instaforex. Its much easier just to pull my money out my bank and send it to ICM directly.
Title: Re: IC MARKETS
Post by: Jassim on December 10, 2012, 09:15:13 AM
Hi,

I see that everybody is transferring money, but have anyone withdrawn from ICM? I would like to know how easy and long to take out funds!

Regards,
Title: Re: My GBP payment to them
Post by: flying-pig on December 10, 2012, 09:27:28 AM
I have just transferred GBP currency to their GBP account according to their funding instruction on their website:

http://icmarkets.com.au/_literature_129346/ICMarkets-Funding-Instructions (http://icmarkets.com.au/_literature_129346/ICMarkets-Funding-Instructions)

My record on my online banking is like this:

I will let you know the result as soon as they receive my fund.

I can confirm that exact amount was credited to my live trading account. So far so good. Wired on Friday morning (GMT) from UK and available to trade on Sunday before midnight (GMT).
Title: Re: IC MARKETS
Post by: sponn on December 10, 2012, 02:12:51 PM
Hi,

I see that everybody is transferring money, but have anyone withdrawn from ICM? I would like to know how easy and long to take out funds!

Regards,

Don't you know that traders usually losing money trading forex... so how can we withdraw something from the broker ? ;)
Title: Re: IC MARKETS
Post by: flying-pig on December 10, 2012, 07:03:18 PM

Don't you know that traders usually losing money trading forex... so how can we withdraw something from the broker ? ;)

 :'(
Title: Re: IC MARKETS
Post by: flying-pig on December 10, 2012, 10:06:42 PM
This week or next week will let you guys know whether their withdrawal works. ;)
Title: Re: IC MARKETS
Post by: alanhoo on December 11, 2012, 06:10:30 AM
Withdrawals work, check my signature, withdrew Monday 10th, received today, Tuesday 11th.

International Bank Wire.
Title: Re: IC MARKETS
Post by: timytots on December 11, 2012, 07:25:26 AM
Withdrawals work, check my signature, withdrew Monday 10th, received today, Tuesday 11th.

International Bank Wire.

Wow that's fast for an international wire. It takes the same time for a local withdrawal to my bank account in Australia.
Title: Re: IC MARKETS
Post by: Jassim on December 11, 2012, 07:33:26 AM
Withdrawals work, check my signature, withdrew Monday 10th, received today, Tuesday 11th.

International Bank Wire.

Thank you for sharing your experience.
Title: Re: IC MARKETS
Post by: Jassim on December 11, 2012, 07:36:14 AM
Hi,

I see that everybody is transferring money, but have anyone withdrawn from ICM? I would like to know how easy and long to take out funds!

Regards,

Don't you know that traders usually losing money trading forex... so how can we withdraw something from the broker ? ;)

Unfortunatly, you are absolutly right :( ... I spent $ five digits in forex! and still trading hoping one day i can withdraw some of the profit :P
Title: Re: IC MARKETS
Post by: timytots on December 11, 2012, 09:28:16 PM
Hi,

I see that everybody is transferring money, but have anyone withdrawn from ICM? I would like to know how easy and long to take out funds!

Regards,

Don't you know that traders usually losing money trading forex... so how can we withdraw something from the broker ? ;)

Unfortunatly, you are absolutly right :( ... I spent $ five digits in forex! and still trading hoping one day i can withdraw some of the profit :P

Its all part of the learning curve.
Title: Re: IC MARKETS
Post by: liam on December 12, 2012, 12:14:46 AM
I also sent money, $100,000 from my Lloyds private deposit account. I sent it from the st Pauls branch (UK). I told the branch manager that I will pay all fees, lets see how much arrives. Lloyds also did the conversion from GBP to USD.


Did you need to open a USD account for some reason?

No matter how small, Lloyds would have taken a cut of the GBP to USD conversion.

You will incur this again if you withdraw in USD and have it exchanged back into GBP.

Seems an unnecessary loss of funds when your bank account is in GBP, you can trade in GBP and withdraw in GDP.

All my trading accounts are in USD. I have USD bank account at Lloyds this is where the money will be held when I withdraw profits. Lloyds did take a cut but I get better rates than others would get on the street.

Sorry about the late update. Exactly $100,000 landed in my trading account on Monday. I was expecting the transfer to take two days and was surprised it only took one day from London, with no additional fees either.
Title: Re: IC MARKETS
Post by: crazycat on December 12, 2012, 12:22:56 AM
I think we have all lost our fair share in forex. As long as you learn from your mistakes that is what counts. Look at it this way, when you loose money and learn from you mistakes it is an investment in your education.

You can loose all your money however you can never loose your knowledge.
Title: Re: IC MARKETS
Post by: ak386 on December 12, 2012, 02:02:36 AM
I think we have all lost our fair share in forex. As long as you learn from your mistakes that is what counts. Look at it this way, when you loose money and learn from you mistakes it is an investment in your education.

You can loose all your money however you can never loose your knowledge.
you lose all the money you're afraid to invest again.
what is the remedy for fear?
Title: Re: IC MARKETS
Post by: Bizking on December 12, 2012, 02:28:00 AM
I think we have all lost our fair share in forex. As long as you learn from your mistakes that is what counts. Look at it this way, when you loose money and learn from you mistakes it is an investment in your education.

You can loose all your money however you can never loose your knowledge.
you lose all the money you're afraid to invest again.
what is the remedy for fear?

Knowledge
Title: Re: IC MARKETS
Post by: Brent on December 12, 2012, 07:00:07 AM
I think we have all lost our fair share in forex. As long as you learn from your mistakes that is what counts. Look at it this way, when you loose money and learn from you mistakes it is an investment in your education.

You can loose all your money however you can never loose your knowledge.
you lose all the money you're afraid to invest again.
what is the remedy for fear?

The remedy is :

1. Define the exact maximum amount of money you are willing to risk on a trade. (e.g. "I will risk $100 per trade".)
2. Then accept the risk when ever you open a position.

The risk should be an amount that you are not afraid to lose 20 or 30 times in a row.

This becomes easy with practice. It is easy if you have a mechanical trading method.

In other words pick one entry method, and one exit method that has a positive expectancy, and ONLY enter and exit when you have primo setups.

Don't change the rules when you "feel" like you have spotted a good entry. That's where it falls apart for people. Don't become cocky when you hit a winner, and don't become suicidal when you hit a loser. If you have a good trading method then it will work out in your favor over a series of trades.







Title: Re: IC MARKETS
Post by: flying-pig on December 12, 2012, 09:39:23 AM
Fear and desire are a married couple.
Title: Re: IC MARKETS
Post by: crashev on December 12, 2012, 10:25:48 AM
I also sent money, $100,000 from my Lloyds private deposit account. I sent it from the st Pauls branch (UK). I told the branch manager that I will pay all fees, lets see how much arrives. Lloyds also did the conversion from GBP to USD.


Did you need to open a USD account for some reason?

No matter how small, Lloyds would have taken a cut of the GBP to USD conversion.

You will incur this again if you withdraw in USD and have it exchanged back into GBP.

Seems an unnecessary loss of funds when your bank account is in GBP, you can trade in GBP and withdraw in GDP.

All my trading accounts are in USD. I have USD bank account at Lloyds this is where the money will be held when I withdraw profits. Lloyds did take a cut but I get better rates than others would get on the street.

Sorry about the late update. Exactly $100,000 landed in my trading account on Monday. I was expecting the transfer to take two days and was surprised it only took one day from London, with no additional fees either.

What strategy or strategies are You going to deploy with this amount of money ?
Title: Re: IC MARKETS
Post by: jubal on December 12, 2012, 10:55:55 AM
I also sent money, $100,000 from my Lloyds private deposit account. I sent it from the st Pauls branch (UK). I told the branch manager that I will pay all fees, lets see how much arrives. Lloyds also did the conversion from GBP to USD.


Did you need to open a USD account for some reason?

No matter how small, Lloyds would have taken a cut of the GBP to USD conversion.

You will incur this again if you withdraw in USD and have it exchanged back into GBP.

Seems an unnecessary loss of funds when your bank account is in GBP, you can trade in GBP and withdraw in GDP.

All my trading accounts are in USD. I have USD bank account at Lloyds this is where the money will be held when I withdraw profits. Lloyds did take a cut but I get better rates than others would get on the street.

Sorry about the late update. Exactly $100,000 landed in my trading account on Monday. I was expecting the transfer to take two days and was surprised it only took one day from London, with no additional fees either.

This is quite annoying from my point of view. Why are some people charged a fee whilst others arent. As I said 10gbp went missing from my transfer. not a fortune but no one claimed any responsibility or gave me a receipt. Even though I know its a fee to someone(??) it still feels like it has been stolen. From here on I will insist on full transparency when I transfer funds. I will expect the broker to provide me with this or I will not use them. Even if they are not the ones responsible they have a duty to find out the costs of the banks they use
Title: Re: IC MARKETS
Post by: odysseus11 on December 12, 2012, 11:05:33 AM
Jubal, I have to disagree a little bit here, it isnt always the broker who has knowledge or control in this situation. In any international transfer, it really is up to each trader to find out FIRST which correspondent (intermediary) banks might be involved, and then inquire of them in advance of their intermediary fees - and there are sometimes some and sometimes not, it depends on the specific chain of intermediaries that is required, which depends on the originating/terminating bank and broker. I dont see it as the brokers duty one way or another, to be honest.
Title: Re: IC MARKETS
Post by: flying-pig on December 12, 2012, 01:29:24 PM
Jubal, I have to disagree a little bit here, it isnt always the broker who has knowledge or control in this situation. In any international transfer, it really is up to each trader to find out FIRST which correspondent (intermediary) banks might be involved, and then inquire of them in advance of their intermediary fees - and there are sometimes some and sometimes not, it depends on the specific chain of intermediaries that is required, which depends on the originating/terminating bank and broker. I dont see it as the brokers duty one way or another, to be honest.

Agreed. Me as an example, if I hadn't agreed to pay all fees at my bank, I would've been charged 5 GBP from the receiving bank or intermediary bank, i.e. 5 Pounds missing in the transit.
Title: Re: IC MARKETS
Post by: ak386 on December 12, 2012, 02:11:37 PM
I think if you are very good the broker does not pay the money, the other fear.
If you make $ 5,000 a month or 10,000 broker allows you to withdraw money?
Some of you removed those values ​​in IC Markets?
Most talk of $ 100 or 300 withdrawals per month.
Title: Re: IC MARKETS
Post by: Highlander on December 12, 2012, 02:21:49 PM
I think if you are very good the broker does not pay the money, the other fear.
If you make $ 5,000 a month or 10,000 broker allows you to withdraw money?
Some of you removed those values ​​in IC Markets?
Most talk of $ 100 or 300 withdrawals per month.
so, you don't believe that ICM can allow you to wire out the profit e.g. 10000$?  ;)  Even instaforex casino broker can allow this (from time to time, sure)  ;D
Title: Re: IC MARKETS
Post by: ak386 on December 12, 2012, 02:55:24 PM
I think if you are very good the broker does not pay the money, the other fear.
If you make $ 5,000 a month or 10,000 broker allows you to withdraw money?
Some of you removed those values ​​in IC Markets?
Most talk of $ 100 or 300 withdrawals per month.
so, you don't believe that ICM can allow you to wire out the profit e.g. 10000$?  ;)  Even instaforex casino broker can allow this (from time to time, sure)  ;D
Your monthly withdraw $ 10,000 or more?
Or just think you can?
Title: Re: IC MARKETS
Post by: odysseus11 on December 12, 2012, 03:00:33 PM
IC Markets is *REGULATED* by ASIC, the australian government authority agency. Brokers that are regulated by one of the big 3 government regulatory agencies (NFA/FSA/ASIC) are NOT likely to just be scams that can disappear with your money. Of course, you can still have the bizarro events like with PFG, but for the most part your money is safe from outright fraud and theft. How much you "make" or want to withdraw is not relevant.
Title: Re: IC MARKETS
Post by: alanhoo on December 12, 2012, 03:48:41 PM
I think if you are very good the broker does not pay the money, the other fear.
If you make $ 5,000 a month or 10,000 broker allows you to withdraw money?
Some of you removed those values ​​in IC Markets?
Most talk of $ 100 or 300 withdrawals per month.

I'm not really sure what you are trying to prove. If you are saying you could make $10,000 per month and is afraid that the broker doesn't allow you to withdraw, why not try private bankings or such?

It seems you have a great sense of pessimism with brokers, or if you have relevant evidence or proof that other brokers could honor such withdrawals amount, why don't you just move to them and share it with us?

Forum members here help out each other and put ourselves in the fire, so that others make not the same mistakes, and here you are lambasting our efforts in answering your questions and doubting our meager profits/withdrawals?

What is it you are trying to proof here? That ICMarkets is a fraud? Or they do not pay big winners? Or is there better brokers out there we should seek?
Title: Re: IC MARKETS
Post by: jubal on December 12, 2012, 04:07:51 PM
Jubal, I have to disagree a little bit here, it isnt always the broker who has knowledge or control in this situation. In any international transfer, it really is up to each trader to find out FIRST which correspondent (intermediary) banks might be involved, and then inquire of them in advance of their intermediary fees - and there are sometimes some and sometimes not, it depends on the specific chain of intermediaries that is required, which depends on the originating/terminating bank and broker. I dont see it as the brokers duty one way or another, to be honest.

You are probably right Ody, fair enough maybe it should be down to me to try and find out who takes the money. But it seems that the broker is in a better position than me to do this. broker should know the relevant intermediary banks.  On my end I know what I pay to my local bank. Surely it cant be too hard for broker to know which banks are being used and make available the rates. And surely no matter who takes the money they should give a receipt should they not?.  I think so anyway.  This isnt a jibe at IC by the ay.  Other brokers/banks do similar.  All I ask is complete transparency in my online transaction, same as I would get using any other service online
Title: Re: IC MARKETS
Post by: flying-pig on December 12, 2012, 04:32:01 PM
I think if you are very good the broker does not pay the money, the other fear.
If you make $ 5,000 a month or 10,000 broker allows you to withdraw money?
Some of you removed those values ​​in IC Markets?
Most talk of $ 100 or 300 withdrawals per month.

$5,000 or $10,000 may sound big for some people but it isn't actually a big deal. For a broker (regulated here) that has existed for more than 5 years, a true ECN broker charging only commission, doesn't play with spread, your win, they win. For scammers, you win = they lose.

Most talk of $ 100 or 300 withdrawals per month.
Doubting ppl here can't make more than that??
Title: Re: IC MARKETS
Post by: ak386 on December 12, 2012, 05:51:46 PM
I just want to hear answers from those who know about FOREX
Thanks to you we are studying ICM as the broker for our future.
.
The information you are giving us is very important.
But so far I do not see someone who says he lives the FOREX and withdraws monthly from 5000 or 10 000
Winners who is 5% do not participate in forums?
Are they are in total silence?
  Remember that we all learn from your comments, please be honest.
We all have many uncertainties, such as:
1. strategy
2. the broker
Title: Re: IC MARKETS
Post by: alanhoo on December 12, 2012, 05:58:40 PM
I just want to hear answers from those who know about FOREX
Thanks to you we are studying ICM as the broker for our future.
.
The information you are giving us is very important.
But so far I do not see someone who says he lives the FOREX and withdraws monthly from 5000 or 10 000
Winners who is 5% do not participate in forums?
Are they are in total silence?
  Remember that we all learn from your comments, please be honest.
We all have many uncertainties, such as:
1. strategy
2. the broker

Its great that you clarified some points you are trying to reach out.

I cannot vouch for ANY of the brokers, but can only speak of experience. I do not have relatively big accounts in the 100s of k, but I do have a larger account at ATC, white label of FXCM, traded at 40k since 2010, and is now sitting at 81k, I have made withdrawals total of up to 20k as dividends. So I'll say that ATC is rather good ATM, and BearBull's PAMM is going to start at ATC with about 1million USD in funds, on a private yahoo group.

As for ICMarkets, I've started only a month ago, and so far I've had relative great results with regards to their service, spreads and speed. Most of which are fully on par with ATC, except for better commissions than ATC.

I'm not vouching for any of them, but only sharing my experience with this 2 brokers who still have my trust. I've tried a hell of a portfolio of brokers, just like how you are searching for them, you could look up my other post in the AAAFX broker thread, where I've posted a more summarised version of brokers I've tried with at least 10k and moved from.
Title: Re: IC MARKETS
Post by: ak386 on December 13, 2012, 03:20:50 PM
I just want to hear answers from those who know about FOREX
Thanks to you we are studying ICM as the broker for our future.
.
The information you are giving us is very important.
But so far I do not see someone who says he lives the FOREX and withdraws monthly from 5000 or 10 000
Winners who is 5% do not participate in forums?
Are they are in total silence?
  Remember that we all learn from your comments, please be honest.
We all have many uncertainties, such as:
1. strategy
2. the broker

Its great that you clarified some points you are trying to reach out.

I cannot vouch for ANY of the brokers, but can only speak of experience. I do not have relatively big accounts in the 100s of k, but I do have a larger account at ATC, white label of FXCM, traded at 40k since 2010, and is now sitting at 81k, I have made withdrawals total of up to 20k as dividends. So I'll say that ATC is rather good ATM, and BearBull's PAMM is going to start at ATC with about 1million USD in funds, on a private yahoo group.

As for ICMarkets, I've started only a month ago, and so far I've had relative great results with regards to their service, spreads and speed. Most of which are fully on par with ATC, except for better commissions than ATC.

I'm not vouching for any of them, but only sharing my experience with this 2 brokers who still have my trust. I've tried a hell of a portfolio of brokers, just like how you are searching for them, you could look up my other post in the AAAFX broker thread, where I've posted a more summarised version of brokers I've tried with at least 10k and moved from.
Super valuable information, helping us to mature in experience. Many thanks
Title: Re: IC MARKETS
Post by: HFT Group on December 14, 2012, 07:58:40 AM

This is getting a little ridiculous..........

ICM are ASIC regulated. If you don't know what that involves then look it up.

No-one will have problems withdrawing ANY amount of their deposited funds OR profits from ICM.

$10K a month in withdrawals is a lot to us for sure but in the big picture of the volume traded through ICM it is not significant.

If I had any doubts whatsoever regarding withdrawals from any broker, including ICM, I would have nothing to do with them.

Traders from all over the world use Australian brokers due to their reputation, regulation and transparency.
Title: Re: IC MARKETS
Post by: ak386 on December 14, 2012, 12:34:15 PM

This is getting a little ridiculous..........

ICM are ASIC regulated. If you don't know what that involves then look it up.

No-one will have problems withdrawing ANY amount of their deposited funds OR profits from ICM.

$10K a month in withdrawals is a lot to us for sure but in the big picture of the volume traded through ICM it is not significant.

If I had any doubts whatsoever regarding withdrawals from any broker, including ICM, I would have nothing to do with them.

Traders from all over the world use Australian brokers due to their reputation, regulation and transparency.
ridiculous .... how many cases want to show you that some brokers do not pay customers PROFIT?
You have to enable customers to discuss their concerns.
You have to give the customer confidence and not make the customer feel bad for asking.
Title: Re: IC MARKETS
Post by: ultracat on December 14, 2012, 01:49:52 PM
Yes, unfortunately regulation means very little.  Here's an example.  ICM is currently trying to keep BearBull's $1,000,000 PAMM.  So they are being business a$$holes and refusing to do broker-to-broker transfer for BearBull's clients who are now trying to move their money from ICM to the new broker. 

MF Global was regulated, PFG was regulated.  Give me a break about regulation, segregated accounts, etc.  Brokers are brokers.  You're a fool if you trust ANY of them in ANY legal jurisdiction. 

That being said, i still believe ICM is one of the better brokers out there : D
Title: Re: IC MARKETS
Post by: timytots on December 14, 2012, 04:28:03 PM
Yes, unfortunately regulation means very little.  Here's an example.  ICM is currently trying to keep BearBull's $1,000,000 PAMM.  So they are being business a$$holes and refusing to do broker-to-broker transfer for BearBull's clients who are now trying to move their money from ICM to the new broker. 

MF Global was regulated, PFG was regulated.  Give me a break about regulation, segregated accounts, etc.  Brokers are brokers.  You're a fool if you trust ANY of them in ANY legal jurisdiction. 

That being said, i still believe ICM is one of the better brokers out there : D

I still think ICMARKETS are the best out there. I think they had some problems doing broker to broker transfers to a few brokers because of AML requirements this is why they have stoped this, I don't think it was to related to any particular PAMM account but rather to ensure AML compliance.
Title: Re: IC MARKETS
Post by: HFT Group on December 14, 2012, 09:41:01 PM

This is getting a little ridiculous..........

ICM are ASIC regulated. If you don't know what that involves then look it up.

No-one will have problems withdrawing ANY amount of their deposited funds OR profits from ICM.

$10K a month in withdrawals is a lot to us for sure but in the big picture of the volume traded through ICM it is not significant.

If I had any doubts whatsoever regarding withdrawals from any broker, including ICM, I would have nothing to do with them.

Traders from all over the world use Australian brokers due to their reputation, regulation and transparency.
ridiculous .... how many cases want to show you that some brokers do not pay customers PROFIT?
You have to enable customers to discuss their concerns.
You have to give the customer confidence and not make the customer feel bad for asking.

This is the ICM thread no?
I am addressing concerns regarding ICM, not other brokers.
Title: Re: IC MARKETS
Post by: HFT Group on December 14, 2012, 09:51:29 PM
Yes, unfortunately regulation means very little.  Here's an example.  ICM is currently trying to keep BearBull's $1,000,000 PAMM.  So they are being business a$$holes and refusing to do broker-to-broker transfer for BearBull's clients who are now trying to move their money from ICM to the new broker. 

MF Global was regulated, PFG was regulated.  Give me a break about regulation, segregated accounts, etc.  Brokers are brokers.  You're a fool if you trust ANY of them in ANY legal jurisdiction. 

That being said, i still believe ICM is one of the better brokers out there : D

I still think ICMARKETS are the best out there. I think they had some problems doing broker to broker transfers to a few brokers because of AML requirements this is why they have stoped this, I don't think it was to related to any particular PAMM account but rather to ensure AML compliance.

The Envy PAMM is a totally different issue.
It relates to exposure on specific pairs at the high lot sizes being traded with the 1:500 leverage granted to Envy users.

ICM have emphasized that this issue only related to the PAMM and not any private account trading Envy. The 1:500 leverage for Envy accounts will remain.

Broker to broker transfers is a contentious issue.
One broker is not honoring ICM btb transfers.

The new client portal will allow ICM clients to use btb transfers from the list of brokers who have a reciprocal agreement with ICM.
Title: Re: IC MARKETS
Post by: deathlord on December 15, 2012, 07:13:05 AM
Hopefully the new client portal will finally come at some point ... Support already told me it was about to be released within 2 weeks back in October ...  8)
Title: Re: IC MARKETS
Post by: HFT Group on December 15, 2012, 07:30:58 AM


The new client portal should be ready in January.

I was given a sneak peek yesterday and it will cater to the complete needs of every client.

Available in 30 languages, it will provide clients with a back office with which to make deposits, withdrawals and submit support tickets as well as numerous other features.

Hopefully the new client portal will finally come at some point ... Support already told me it was about to be released within 2 weeks back in October ...  8)
[/quote

Title: Re: IC MARKETS
Post by: robl45 on December 16, 2012, 11:20:09 PM
19 pips slippage tonight, I know the market moved quick at that moment, but thats rediculous. the other trade was like 4 pips.  Its really unacceptable because they shouldn't be opening earlier than 5pm on Sundays.  This will happen every week at 5pm EST time when the rest of the world actually starts trading.  Was only .01 lot so I'm not too upset, but if it was a bigger size, I would have been pissed.
Title: Re: IC MARKETS
Post by: HFT Group on December 17, 2012, 12:11:56 AM


ICM starts Sunday nights at the opening of the New Zealand market.
Obviously liquidity is extremely low and spreads high at market open on Sunday nights.

One way to avoid taking trades at this time of low liquidity and higher than normal spreads is to disable EA's after market close Saturday morning and enable them again at the beginning of the Asian session.
Title: Re: IC MARKETS
Post by: robl45 on December 17, 2012, 12:41:08 AM


ICM starts Sunday nights at the opening of the New Zealand market.
Obviously liquidity is extremely low and spreads high at market open on Sunday nights.

One way to avoid taking trades at this time of low liquidity and higher than normal spreads is to disable EA's after market close Saturday morning and enable them again at the beginning of the Asian session.

this is my fourth broker and not one besides this one opens before 5pm.  And i believe they opened 5pm EST before switching to GMT0.  Either way its a bonehead move to be opening an hour before the major liquidity, at least close down from 5:00 to 5:05 if you going to do such a bonehead thing so that people don't get killed by the flucuation when everyone else comes online.

EDIT:  after speaking with angus, it appears they don't trade until 5pm est. So hopefully this will be an isolated incident
Title: Re: IC MARKETS
Post by: Pok3n on December 17, 2012, 03:42:31 AM
Yes, unfortunately regulation means very little.  Here's an example.  ICM is currently trying to keep BearBull's $1,000,000 PAMM.  So they are being business a$$holes and refusing to do broker-to-broker transfer for BearBull's clients who are now trying to move their money from ICM to the new broker. 

MF Global was regulated, PFG was regulated.  Give me a break about regulation, segregated accounts, etc.  Brokers are brokers.  You're a fool if you trust ANY of them in ANY legal jurisdiction. 

That being said, i still believe ICM is one of the better brokers out there : D

I still think ICMARKETS are the best out there. I think they had some problems doing broker to broker transfers to a few brokers because of AML requirements this is why they have stoped this, I don't think it was to related to any particular PAMM account but rather to ensure AML compliance.

Broker to broker transfers is a contentious issue.
One broker is not honoring ICM btb transfers.

Thanks for the update Jon. I'm glad that you seem to know what is going on.
Title: Re: IC MARKETS
Post by: HFT Group on December 17, 2012, 11:35:57 PM
Yes, unfortunately regulation means very little.  Here's an example.  ICM is currently trying to keep BearBull's $1,000,000 PAMM.  So they are being business a$$holes and refusing to do broker-to-broker transfer for BearBull's clients who are now trying to move their money from ICM to the new broker. 

MF Global was regulated, PFG was regulated.  Give me a break about regulation, segregated accounts, etc.  Brokers are brokers.  You're a fool if you trust ANY of them in ANY legal jurisdiction. 

That being said, i still believe ICM is one of the better brokers out there : D

I still think ICMARKETS are the best out there. I think they had some problems doing broker to broker transfers to a few brokers because of AML requirements this is why they have stoped this, I don't think it was to related to any particular PAMM account but rather to ensure AML compliance.

Broker to broker transfers is a contentious issue.
One broker is not honoring ICM btb transfers.

Thanks for the update Jon. I'm glad that you seem to know what is going on.

No problem  ;)
I speak with ICM regularly, Angus and Andrew keep me up to date on what is going on.
Title: Re: IC MARKETS
Post by: timytots on December 17, 2012, 11:52:46 PM
Any updates on Globalcollect?
Title: Re: IC MARKETS
Post by: HFT Group on December 18, 2012, 12:13:46 AM

Any updates on Globalcollect?

Should be available in January with the release of the client portal.
Title: Re: IC MARKETS
Post by: Pok3n on December 18, 2012, 07:39:25 AM
Broker to broker transfers is a contentious issue.
One broker is not honoring ICM btb transfers.

Which broker is that Jon?

And which brokers are they currently doing btb transfers for?
Title: Re: IC MARKETS
Post by: HFT Group on December 18, 2012, 07:54:33 AM

Broker to broker transfers is a contentious issue.
One broker is not honoring ICM btb transfers.

Which broker is that Jon?

And which brokers are they currently doing btb transfers for?

I am unsure of the exact details surrounding this and as it was second hand information I won't name anyone.

ICM will have a list of brokers with a reciprocal agreement for btb transfers in the new client portal.

This is all the information I have presently.
Title: Re: IC MARKETS
Post by: Pok3n on December 18, 2012, 10:30:27 AM

Broker to broker transfers is a contentious issue.
One broker is not honoring ICM btb transfers.

Which broker is that Jon?

And which brokers are they currently doing btb transfers for?

I am unsure of the exact details surrounding this and as it was second hand information I won't name anyone.

ICM will have a list of brokers with a reciprocal agreement for btb transfers in the new client portal.

This is all the information I have presently.

Thanks again Jon,

Do you think Angus or an ICMarkets representative would fancy dropping by here to give us some first hand information whilst we wait for the new client portal?
Title: Re: IC MARKETS
Post by: HFT Group on December 18, 2012, 10:40:46 AM

Broker to broker transfers is a contentious issue.
One broker is not honoring ICM btb transfers.

Which broker is that Jon?

And which brokers are they currently doing btb transfers for?

I am unsure of the exact details surrounding this and as it was second hand information I won't name anyone.

ICM will have a list of brokers with a reciprocal agreement for btb transfers in the new client portal.

This is all the information I have presently.

Thanks again Jon,

Do you think Angus or an ICMarkets representative would fancy dropping by here to give us some first hand information whilst we wait for the new client portal?

I have extended this invitation to ICM but due to a few past experiences with brokers representations on the forum they would rather not.
Title: Re: IC MARKETS
Post by: timytots on December 18, 2012, 11:36:06 AM
Merry Christmas everybody! Just getting into the Christmas spirit early...
Title: Re: IC MARKETS
Post by: Pok3n on December 18, 2012, 01:08:33 PM
I have extended this invitation to ICM but due to a few past experiences with brokers representations on the forum they would rather not.

Up to them, but IMHO reputable businesses should not be afraid to have a social presence and answer their customers questions in a public format. Whether that be Twitter, Facebook, Forums or whatever.

Yes there are always going to be trolls, but trolls can be ignored, blocked, or dealt with.

Using others 'past experiences' is just an excuse not to be involved with their customers in a public arena. Thats what customer service reps are for.

Still, if they don't want community engagement thats up to them ...



Title: Re: IC MARKETS
Post by: HFT Group on December 18, 2012, 01:25:34 PM
I have extended this invitation to ICM but due to a few past experiences with brokers representations on the forum they would rather not.

Up to them, but IMHO reputable businesses should not be afraid to have a social presence and answer their customers questions in a public format. Whether that be Twitter, Facebook, Forums or whatever.

Yes there are always going to be trolls, but trolls can be ignored, blocked, or dealt with.

Using others 'past experiences' is just an excuse not to be involved with their customers in a public arena. Thats what customer service reps are for.

Still, if they don't want community engagement thats up to them ...

I wasn't referring to 'past experiences' of ICM reps on forums, more their awareness of past 'issues' involving other broker reps on the forum.
Title: Re: IC MARKETS
Post by: frankd on December 18, 2012, 04:20:31 PM
I dont think that reps should chat in forums, forums are for traders like us not broker. Of course sometimes its nice to find out information "from the horses mouth" this is why you pick up the phone or get on live chat. ICM's service is excellent and their live chat is very helpful they also pick up their phone unlike some brokers.

Anyway that is not what I am here for, Jon please can you send me the HFT group discount link. 

Thanks
Title: Re: IC MARKETS
Post by: timytots on December 18, 2012, 04:22:43 PM
I reckon broker reps should stay out of the forums, period!
Title: Re: IC MARKETS
Post by: HFT Group on December 18, 2012, 10:10:53 PM


I dont think that reps should chat in forums, forums are for traders like us not broker. Of course sometimes its nice to find out information "from the horses mouth" this is why you pick up the phone or get on live chat. ICM's service is excellent and their live chat is very helpful they also pick up their phone unlike some brokers.

Anyway that is not what I am here for, Jon please can you send me the HFT group discount link. 

Thanks

Have PM'd you the details.
Title: Re: IC MARKETS
Post by: Pok3n on December 19, 2012, 03:33:24 AM
I dont think that reps should chat in forums, forums are for traders like us not broker.

Interesting POV. If that was the case then what about reps from VPS companies, like Barry from CNS. That thread is awesome, he's doing a stellar job there. And what about EA providers, like the Envy thread with Robert. And so on and so on.

And what if the brokers are traders themselves? Which many of them are?

I would agree with the non-commercialisation of a forum, and excluding ALL commercial interests and reps, but to involve some and not others doesn't seem to make much sense.

If you had a question regarding RobinVol and you going to jump on the robinvol website and submit a ticket? Nope. You're gonna post it here AND get an answer quick smart - for all the community to see and assist. Now, if you had a specific technical question you would post a support ticket on their site, just like you would call a broker or jump on live chat.

Brokers can make a huge difference in your trading. Why wouldn't you want more transparency? More community involvement? More engagement?

Excluding them, or in this case them excluding themselves, just seems arbitrary and a missed opportunity in the long run.

Quote
I have extended this invitation to ICM but due to a few past experiences with brokers representations on the forum they would rather not.

I assumed you were referring to Kevin from FXPig's contributions not so long ago. For the record I quite enjoyed his candor and contributions to the community. Good case study though for broker involvement in a public forum, others could learn quite a lot from that.
Title: Re: IC MARKETS
Post by: HFT Group on December 19, 2012, 03:48:16 AM

I dont think that reps should chat in forums, forums are for traders like us not broker.

Interesting POV. If that was the case then what about reps from VPS companies, like Barry from CNS. That thread is awesome, he's doing a stellar job there. And what about EA providers, like the Envy thread with Robert. And so on and so on.

And what if the brokers are traders themselves? Which many of them are?

I would agree with the non-commercialisation of a forum, and excluding ALL commercial interests and reps, but to involve some and not others doesn't seem to make much sense.

If you had a question regarding RobinVol and you going to jump on the robinvol website and submit a ticket? Nope. You're gonna post it here AND get an answer quick smart - for all the community to see and assist. Now, if you had a specific technical question you would post a support ticket on their site, just like you would call a broker or jump on live chat.

Brokers can make a huge difference in your trading. Why wouldn't you want more transparency? More community involvement? More engagement?

Excluding them, or in this case them excluding themselves, just seems arbitrary and a missed opportunity in the long run.

Quote
I have extended this invitation to ICM but due to a few past experiences with brokers representations on the forum they would rather not.

I assumed you were referring to Kevin from FXPig's contributions not so long ago. For the record I quite enjoyed his candor and contributions to the community. Good case study though for broker involvement in a public forum, others could learn quite a lot from that.

I wasn't referring to anyone or any broker in particular.

There have been a few issues behind the scenes that you would not be aware of.

I agree that non-biased representation from vendors, brokers etc. is a very productive benefit in the forum.

I also believe the individuals or companys' choice to participate in a forum or not participate should be respected.
Title: Re: IC MARKETS
Post by: jose33 on December 19, 2012, 01:55:17 PM
I thought that I might mention that I am pleased with IC Markets forex spreads and I am glad that they also have CFDs on Metatrader. I trade Oil and S&P 500 mostly and it is nice to have these on an ECN forex platform.  :)
Title: Re: IC MARKETS
Post by: LFN on December 19, 2012, 04:28:42 PM
Just applied for an account. It only took about two hours to get the account and my details verified. Just funded my account, lets see how long a bank transfer will take. I also used the live chat and support mail and the response were quick  :)
Title: Re: IC MARKETS
Post by: HFT Group on December 20, 2012, 12:36:29 AM

Got 1.6 pips positive slip on a UJ tick scalper trade earlier.
Always nice to see positive slippage  :)
Title: Re: IC MARKETS
Post by: manny on December 20, 2012, 02:51:40 AM
I see positive slippage on around 50% of my trades
Title: Re: IC MARKETS
Post by: HFT Group on December 20, 2012, 06:39:57 AM


I see positive slippage on around 50% of my trades

Lucky man  :) Obviously not trading tick scalpers on low liquidity spikes  ;)
Title: Re: IC MARKETS
Post by: crashev on December 20, 2012, 08:53:17 AM


I see positive slippage on around 50% of my trades

Lucky man  :) Obviously not trading tick scalpers on low liquidity spikes  ;)

Or maybe he don't know what slippage is? ;]
Title: Re: IC MARKETS
Post by: timytots on December 20, 2012, 11:13:02 PM


I see positive slippage on around 50% of my trades

Lucky man  :) Obviously not trading tick scalpers on low liquidity spikes  ;)

Or maybe he don't know what slippage is? ;]

Or maybe he is not using EA's
Title: Re: IC MARKETS
Post by: alisonr on December 21, 2012, 01:57:26 AM


I see positive slippage on around 50% of my trades

Lucky man  :) Obviously not trading tick scalpers on low liquidity spikes  ;)

Or maybe he don't know what slippage is? ;]

Or maybe he is not using EA's

Or maybe he is right
Title: X-mas& NewYear schedule ?
Post by: VegaMax on December 21, 2012, 02:37:32 AM
Did ICM email you about Christmas& NewYear schedule ?

Is FX market open on 24-DEC and 25-DEC at ICM?


Title: Re: IC MARKETS
Post by: dannyp on December 21, 2012, 04:32:01 PM
Their email this afternoon said this:



IC Markets Holiday Trading Hours

Forex

December 24th
Normal Trading Hours

December 25th 
**APAC - Trading begins 6:00 SGT, Closes 16:00 SGT                                                                                         
**EMEA - CLOSED
**USA - CLOSED, REOPENS 17:00 EST

December 26th 
Normal Trading Hours

December 31st   
Normal Trading Open, Trading closes at 17:00 EST

January 1st         
CLOSED, REOPENS 16:00 EST

January 2nd       
Normal Trading Hours


Metals

December 24th 
Trading Closes at 13:45 EST

December 25th 
CLOSED, REOPENS at 18:00 EST

December 26th   
Normal Trading Hours

December 31st   
Normal Trading Hours

January 1st         
CLOSED, REOPENS 18:00 EST

January 2nd       
Normal Trading Hours

Title: Re: IC MARKETS
Post by: panda69 on December 22, 2012, 06:38:39 AM
How to become IB for Chinese client?
Title: Re: IC MARKETS
Post by: timytots on December 24, 2012, 09:25:49 AM
How to become IB for Chinese client?

Try emailing them or getting them in chat
Title: Re: IC MARKETS
Post by: VegaMax on December 24, 2012, 09:33:03 AM
Thanks  dannyp,
 ;)
Title: Re: IC MARKETS
Post by: timytots on December 24, 2012, 09:54:52 PM
Thanks  dannyp,
 ;)

Time to see what Santa has left me under the Christmas tree. Have a Merry Christmas everyone !
Title: Re: IC MARKETS
Post by: crashev on December 26, 2012, 06:27:18 PM
Something went wrong at ICM, my account is in USD, but MT4 shows it's in AUD.
They broke something there.
Title: Re: IC MARKETS
Post by: jubal on December 26, 2012, 07:39:38 PM
My GBP account is ok
Title: Re: IC MARKETS
Post by: VegaMax on December 27, 2012, 06:11:02 AM
Something went wrong at ICM, my account is in USD, but MT4 shows it's in AUD.
They broke something there.

My USD account was also converted to AUD without my permission. >:(
I made my USD account under HFT Group IB after contacting Jon Pearce.
They converted the account currency after I made 2 wire transfer.
I wired USD into thier USD bank account twice.

They said the system indicates the account was based on AUD.
I claimed that they made a own fault and asked back convert to USD.

I was going to send PM to Jon Pearce about this,  but I wrote here because I was not only the victim.

What is going on with them?  8)
Title: Re: IC MARKETS
Post by: HFT Group on December 27, 2012, 06:17:50 AM
Something went wrong at ICM, my account is in USD, but MT4 shows it's in AUD.
They broke something there.

My USD account was also converted to AUD without my permission. >:(
I made my USD account under HFT Group IB after contacting Jon Pearce.
They converted the account currency after I made 2 wire transfer.
I wired USD into thier USD bank account twice.

They said the system indicates the account was based on AUD.
I claimed that they made a own fault and asked back convert to USD.

I was going to send PM to Jon Pearce about this,  but I wrote here because I was not only the victim.

What is going on with them?  8)

I have just spoken to ICM on the phone regarding this.
They are aware of the issue but cannot tie it to individual accounts without information from clients.

Can any clients affected by this issue please contact Paul or Angus at ICM with their account number so this issue can be fixed asap.

Additional contact info..........

Email: support@icmarkets.com.au

Skype: ic.markets

Australia toll free # :  1300600644

International: +61280122480

If any ICM clients are having the account currency issue and can't get it sorted please PM me with your account number and a description of the currency problem so I can get it sorted for you.
Title: Re: IC MARKETS
Post by: flying-pig on December 27, 2012, 05:30:06 PM
I've just discovered a serious problem with IC Markets quotes.

On the demo platform, the server time is around 4 seconds ahead.
On the real platform, the server time is around 4 seconds behind.

It is total 8 seconds difference between the two!!!

This may have serious consequence: data on those two platforms are quite different. Let's compared data EURUSDi1.csv which was saved from the 1 minute chart.

On the demo platform:
2012.12.27,16:30,1.32275,1.32298,1.32270,1.32295,64
2012.12.27,16:31,1.32296,1.32299,1.32296,1.32296,41
2012.12.27,16:32,1.32297,1.32297,1.32273,1.32273,40
2012.12.27,16:33,1.32273,1.32284,1.32273,1.32274,50
2012.12.27,16:34,1.32277,1.32288,1.32274,1.32287,50

On the real platform:
2012.12.27,16:30,1.32271,1.32298,1.32271,1.32298,56
2012.12.27,16:31,1.32297,1.32299,1.32288,1.32288,49
2012.12.27,16:32,1.32287,1.32295,1.32273,1.32276,33
2012.12.27,16:33,1.32276,1.32284,1.32273,1.32278,51
2012.12.27,16:34,1.32280,1.32288,1.32274,1.32286,30

From what I have heard from other people, their demo platform has same data source as real but this is not true, at least for 1 minute data.

Initially my EA works fine on demo because I adjusted parameters with the data. However, when I run the EA on real platform, the result was badly wrong.

Not sure if the difference of their 1 minute data was caused by different server times but be aware when backtesting.
Title: Re: IC MARKETS
Post by: HFT Group on December 27, 2012, 11:35:46 PM
I've just discovered a serious problem with IC Markets quotes.

On the demo platform, the server time is around 4 seconds ahead.
On the real platform, the server time is around 4 seconds behind.

It is total 8 seconds difference between the two!!!

This may have serious consequence: data on those two platforms are quite different. Let's compared data EURUSDi1.csv which was saved from the 1 minute chart.

On the demo platform:
2012.12.27,16:30,1.32275,1.32298,1.32270,1.32295,64
2012.12.27,16:31,1.32296,1.32299,1.32296,1.32296,41
2012.12.27,16:32,1.32297,1.32297,1.32273,1.32273,40
2012.12.27,16:33,1.32273,1.32284,1.32273,1.32274,50
2012.12.27,16:34,1.32277,1.32288,1.32274,1.32287,50

On the real platform:
2012.12.27,16:30,1.32271,1.32298,1.32271,1.32298,56
2012.12.27,16:31,1.32297,1.32299,1.32288,1.32288,49
2012.12.27,16:32,1.32287,1.32295,1.32273,1.32276,33
2012.12.27,16:33,1.32276,1.32284,1.32273,1.32278,51
2012.12.27,16:34,1.32280,1.32288,1.32274,1.32286,30

From what I have heard from other people, their demo platform has same data source as real but this is not true, at least for 1 minute data.

Initially my EA works fine on demo because I adjusted parameters with the data. However, when I run the EA on real platform, the result was badly wrong.

Not sure if the difference of their 1 minute data was caused by different server times but be aware when backtesting.

The ICM live account feed time is synced exactly, the demo feed is not.
The discrepancy comes from the open and close price of the candle due to the time difference.
Prices should be almost identical at any given time though.
The difference would be noticed more predominantly on the 1 min chart.
It is simply a slight time discrepancy on the demo feed due to something the demo feed server provider has done, causing the time to be slightly ahead.

ICM have been made aware of this and will chase it up with the demo feed provider.
Live feed comes from NY4 server, demo feed from a shared NJ server.
Title: Re: IC MARKETS
Post by: flying-pig on December 27, 2012, 11:52:05 PM
Many thanks Jon for the information.

However the time on the live server has been 4 seconds behind for quite some time. I don't know from when though. It is still the same as I am typing. Their network team is looking into this at the moment.

Title: Re: IC MARKETS
Post by: HFT Group on December 28, 2012, 12:12:40 AM
Many thanks Jon for the information.

However the time on the live server has been 4 seconds behind for quite some time. I don't know from when though. It is still the same as I am typing. Their network team is looking into this at the moment.

Might have to fire up the old arb ea to try it out  ;)

Thanks for letting ICM know about the live feed lag.
Title: Re: IC MARKETS
Post by: deathlord on December 28, 2012, 12:35:59 AM
Something went wrong at ICM, my account is in USD, but MT4 shows it's in AUD.
They broke something there.
Where in MT4 do you see the currency?
Title: Re: IC MARKETS
Post by: crashev on December 28, 2012, 08:37:46 AM
Their support still sucks.
It has been 24 hours when I emailed their support about my account currency problem and still have no response to that.
Title: Re: IC MARKETS
Post by: timytots on December 28, 2012, 12:05:38 PM
Their support still sucks.
It has been 24 hours when I emailed their support about my account currency problem and still have no response to that.

Did u try getting them on chat?. I have never had an issue with their email or chat support, they are allways fast to respond.
Title: Re: IC MARKETS
Post by: crashev on December 28, 2012, 12:07:42 PM
Their support still sucks.
It has been 24 hours when I emailed their support about my account currency problem and still have no response to that.

Did u try getting them on chat?. I have never had an issue with their email or chat support, they are allways fast to respond.

Jon suggesten contacting support@... which I did.
And I did not get any response from them.

Anyway it has already been fixed, one of ICM Exmployees contacted me privately here on forum.
Title: Re: IC MARKETS
Post by: timytots on December 28, 2012, 12:19:07 PM
Their support still sucks.
It has been 24 hours when I emailed their support about my account currency problem and still have no response to that.

Did u try getting them on chat?. I have never had an issue with their email or chat support, they are allways fast to respond.

Jon suggesten contacting support@... which I did.
And I did not get any response from them.

Anyway it has already been fixed, one of ICM Exmployees contacted me privately here on forum.

Perhaps it's that time of the year. Anyway I have never had any issues with their support or chat..
Title: Re: IC MARKETS
Post by: PisceanTrader on December 28, 2012, 12:33:34 PM
FWIW and to answer the question simply. I have had no problems in withdrawing (amounts up to 20K). I have however had problems with the payment gateways and "back-office" (missing partial payments). None of which I was too concerned over and were quickly resolved once alerted.

Looking forward to January !!!

PT
Title: Re: IC MARKETS
Post by: VegaMax on December 28, 2012, 12:43:15 PM
My account currency problem was solved very quickly when I contacted.
It's been already solved.
I got email reply  within 24 hours.
Jonpearce was also very helpfull. This may applly to HFTGroup IB clients or forum members.
I feel ICM is honest as well as Jonpearce.

The possible cause of delayed response would be time difference between clients and ICM staff in Australia.   Or maybe email server providor.  Emails are sometimes deleted before reaching to recipients's mailbox due to server filetering logic.

I'm glad to hear that your problem is solved. 
Title: Re: IC MARKETS
Post by: timytots on December 29, 2012, 03:15:40 AM
Only one more trading day to go for the year. Is anyone trading on Monday?
Title: Re: IC MARKETS
Post by: mikey on January 01, 2013, 07:41:49 AM
Excellent broker - the only broker of the 3 Australian brokers that I use that was open on Boxing Day and New Years Eve.

Now they are my favorite !
Title: Re: IC MARKETS
Post by: timytots on January 01, 2013, 12:37:22 PM
Not really much point trading over the holiday period anyway, take a break  8)
Title: Re: IC MARKETS
Post by: crashev on January 01, 2013, 12:46:12 PM
Not really much point trading over the holiday period anyway, take a break  8)

Don't be limited :)
I made 30% in December and it was on lower risk, as I lowered risk for Dec. expecting lower liquidity in the market.
Title: Re: IC MARKETS
Post by: timytots on January 01, 2013, 10:29:09 PM
Not really much point trading over the holiday period anyway, take a break  8)

Don't be limited :)
I made 30% in December and it was on lower risk, as I lowered risk for Dec. expecting lower liquidity in the market.

Excellent results, did you use an EA?
Title: Re: IC MARKETS
Post by: RahmanSL on January 02, 2013, 07:20:11 AM
With so many more happy clients posted here & elsewhere, I think I will make IC Markets my "most preferred broker" for 2013.


Previously, my "most preferred brokers were FxOpen.com, Pepperstone, and Exness....I have also tried (and gave-up) FXPrimus, Trading Point, and a couple more which I can't remember right now.
I also Demo traded with a host of other brokers which never made it to "live account" due to some issues.
Title: Re: IC MARKETS
Post by: timytots on January 02, 2013, 01:47:05 PM
With so many more happy clients posted here & elsewhere, I think I will make IC Markets my "most preferred broker" for 2013.


Previously, my "most preferred brokers were FxOpen.com, Pepperstone, and Exness....I have also tried (and gave-up) FXPrimus, Trading Point, and a couple more which I can't remember right now.
I also Demo traded with a host of other brokers which never made it to "live account" due to some issues.

They are certainly one of the best brokers around at the moment and unlike most brokers they seem to actually be getting better.
Title: Re: IC MARKETS
Post by: mohumad on January 03, 2013, 01:11:02 PM
How can i get the discount?
Title: Re: IC MARKETS
Post by: jubal on January 03, 2013, 08:23:50 PM
How can i get the discount?

contact "jonpearce"   Page 1  post 1 of this thread. Send him a pm
Title: data feed issue on real and demo platform
Post by: flying-pig on January 04, 2013, 01:11:35 AM
I witnessed some missing data (more than 10 sec or nearly 1 minute) today on the 1 minute chart, while chart with another broker was fine. At those times, data feed completed stopped. I could see any price movement but actually market was moving, compared with another broker. Has anyone noticed this?

Title: Re: IC MARKETS
Post by: timytots on January 04, 2013, 07:59:14 AM
This is around end of day and is due to fewer lp's pricing over this time and extremely low market liquidity due to the holiday period. Saw something similar on my other ecn broker platform, not unusual for this time of the year.
Title: Re: IC MARKETS
Post by: flying-pig on January 05, 2013, 12:01:45 AM
I see. Many thanks for the info.
Title: Re: IC MARKETS
Post by: timytots on January 05, 2013, 08:27:29 AM
I see. Many thanks for the info.

no problem. that is what we are all here for.
Title: Re: IC MARKETS
Post by: marus on January 06, 2013, 03:54:13 AM
I live in Panama. Can I trade with IC Markets?
Title: Re: IC MARKETS
Post by: Josef on January 06, 2013, 08:37:30 AM
I live in Panama. Can I trade with IC Markets?

Yes, they only don't accept US clients.
Regards, Josef
Title: Re: IC MARKETS
Post by: Dr ea on January 06, 2013, 12:54:40 PM
How do they charge the vps?
Title: Re: IC MARKETS
Post by: koverasfx on January 06, 2013, 01:38:37 PM
Hey guys, does IC Markets still accept Paypal as a funding option? On the corresponding page of their website (http://icmarkets.com.au/online_payment_ic_markets.html) they seem to indicate so, but based on what I read elsewhere it seems that this is just outdated information. Anyone can confirm this?
Title: Re: IC MARKETS
Post by: biouscope on January 06, 2013, 05:33:39 PM
Hello 'JON''

i sent u a PM plz reply to that.
thnx
Title: Re: IC MARKETS
Post by: kmf on January 06, 2013, 10:18:53 PM
Hey guys, does IC Markets still accept Paypal as a funding option? On the corresponding page of their website (http://icmarkets.com.au/online_payment_ic_markets.html) they seem to indicate so, but based on what I read elsewhere it seems that this is just outdated information. Anyone can confirm this?

I asked this same question on their chat and they said no they do not accept PayPal.
Title: Re: IC MARKETS
Post by: HFT Group on January 06, 2013, 10:47:57 PM

Hey guys, does IC Markets still accept Paypal as a funding option? On the corresponding page of their website (http://icmarkets.com.au/online_payment_ic_markets.html) they seem to indicate so, but based on what I read elsewhere it seems that this is just outdated information. Anyone can confirm this?

I asked this same question on their chat and they said no they do not accept PayPal.

ICM will be using Global Collect as a payment processor.
Global collect offer e-wallets using a large option of funding methods.
PayPal is listed as an option together with Moneybookers.
Title: Re: IC MARKETS
Post by: HFT Group on January 06, 2013, 10:49:20 PM

Hello 'JON''

i sent u a PM plz reply to that.
thnx

Am looking into this for you today.
Will PM you when I have the info you requested.
Title: Re: IC MARKETS
Post by: HFT Group on January 06, 2013, 10:54:02 PM

How do they charge the vps?

ICM will supply you with a link to subscribe to the CNS bundled vps service.

A normal account with the $7.00 commission rate requires 20 lots per month to be traded to qualify for the 'free' CNS vps.

If you open an account through the HFT Group offer of a $5.50 discounted commission rate, you are required to trade 100 lots per month to qualify for the 'free' vps.
Title: Re: IC MARKETS
Post by: nwboater on January 06, 2013, 11:51:19 PM

Hey guys, does IC Markets still accept Paypal as a funding option? On the corresponding page of their website (http://icmarkets.com.au/online_payment_ic_markets.html) they seem to indicate so, but based on what I read elsewhere it seems that this is just outdated information. Anyone can confirm this?

I asked this same question on their chat and they said no they do not accept PayPal.

ICM will be using Global Collect as a payment processor.
Global collect offer e-wallets using a large option of funding methods.
PayPal is listed as an option together with Moneybookers.

Do you think that IC Markets will have this along with their new Client Cabinet in operation this month?

Thanks,
Rod
Title: Re: IC MARKETS
Post by: HFT Group on January 07, 2013, 12:06:06 AM


Hey guys, does IC Markets still accept Paypal as a funding option? On the corresponding page of their website (http://icmarkets.com.au/online_payment_ic_markets.html) they seem to indicate so, but based on what I read elsewhere it seems that this is just outdated information. Anyone can confirm this?

I asked this same question on their chat and they said no they do not accept PayPal.

ICM will be using Global Collect as a payment processor.
Global collect offer e-wallets using a large option of funding methods.
PayPal is listed as an option together with Moneybookers.

Do you think that IC Markets will have this along with their new Client Cabinet in operation this month?

Thanks,
Rod

ICM wanted to roll out greater funding options first then the client gateway.
I believe we will see the implementation of Global Collect very shortly and hopefully the new client portal not too long after that.
Title: Re: IC MARKETS
Post by: nwboater on January 07, 2013, 12:07:31 AM


Hey guys, does IC Markets still accept Paypal as a funding option? On the corresponding page of their website (http://icmarkets.com.au/online_payment_ic_markets.html) they seem to indicate so, but based on what I read elsewhere it seems that this is just outdated information. Anyone can confirm this?

I asked this same question on their chat and they said no they do not accept PayPal.

ICM will be using Global Collect as a payment processor.
Global collect offer e-wallets using a large option of funding methods.
PayPal is listed as an option together with Moneybookers.

Do you think that IC Markets will have this along with their new Client Cabinet in operation this month?

Thanks,
Rod

ICM wanted to roll out greater funding options first then the client gateway.
I believe we will see the implementation of Global Collect very shortly and hopefully the new client portal not too long after that.

Thanks Jon.

Rod
Title: Re: IC MARKETS
Post by: topt on January 07, 2013, 12:41:40 PM
Hi guys, just wondering what is youre execution time with ICM; also is there a difference betwen forex and CFD execution time ?
Thanks
Title: Re: IC MARKETS
Post by: biouscope on January 07, 2013, 05:08:25 PM
stupid live chat service, i tried many times but after some times they stop responding. and i mailed 3 times within 5 days TO Angus Walker but that stupid didnt bother to reply to that. i asked him regarding mam and he replied with some questionaries with but after i asking some more info he stoped communicating. and there live chat also.

i just thinking what will happen after depo my money on them will i able to withdraw any penny from them or not. bcz they act like real scammers.  no response at all.
Title: Re: IC MARKETS
Post by: flying-pig on January 07, 2013, 11:58:07 PM
I recently made a small amount withdrawal and had no problem at all. It cost me 32.00 GBP for the internal wire transfer though. Fund available the following day in my bank. Pretty god actually. Funding was the same, available to trade the following day.
Title: Re: IC MARKETS
Post by: biouscope on January 08, 2013, 12:30:17 AM
sounds good,  but how they execute clients request. bcz they dont ans in the live chat and never reply to emails. without one of these how they response????????????????????
Title: Re: IC MARKETS
Post by: timytots on January 08, 2013, 01:10:48 AM
Never had any issues with service levels myself. Chat support is excellent and emails are responded to quickly.
Title: Re: IC MARKETS
Post by: Pok3n on January 08, 2013, 01:37:39 AM
Live chat has been hit and miss for me.

In the early days live chat was quite good, as it was Angus much of the time. He was building the business and appeared to give a s**t.

Recently, the majority of the live chats I've experienced personally have been on par with InstaForex level of support. If you've had the displeasure of being on the other end of an Insta chat you'll know what I mean lol. And I've had about 5 emails ignored in the past 3 months also for what its worth.

Perhaps ICM are outsourcing their live help? Growing too fast, cutting costs? Who knows (cares).

If you have a serious question don't waste your time with live chat or email. Just call.

And in regards to withdrawal fees. Seems this is a broker wide issue. ICM will say 'Oh we don't charge ANY fees for bank wire withdrawal', and have nothing written in their withdraw form or terms and conditions. But then THEIR sending bank will take $30 or whatever they feel like. IMO this fee should be disclosed by the broker, as it is THEIR intermediary bank, not mine. I have full control and knowledge over my bank fees and process.

YMMV
Title: Re: IC MARKETS
Post by: nwboater on January 08, 2013, 01:49:18 AM
stupid live chat service, i tried many times but after some times they stop responding. and i mailed 3 times within 5 days TO Angus Walker but that stupid didnt bother to reply to that. i asked him regarding mam and he replied with some questionaries with but after i asking some more info he stoped communicating. and there live chat also.

i just thinking what will happen after depo my money on them will i able to withdraw any penny from them or not. bcz they act like real scammers.  no response at all.

I have thus far had excellent service from IC Markets.But I always try to treat others as I would like to be treated - even if I think I have a real complaint with them. Being courteous, friendly and respectful can do wonders. My wife has an expression: "You can catch more flys with honey than with vinegar!"  Also trying to explain the problem or request in a thorough, concise manner can help.

I suggest that if your communications with IC Markets are anything like your post here I would not be surprised that they gave up communicating with you.

I hope you take this post in the constructive manner that it was intended.

Rod
Title: Re: IC MARKETS
Post by: LFN on January 08, 2013, 06:08:28 AM
Did anyone experience how ICM handle a currency conversion on the account?

I sent USD10000 the 19th december through bank wire. They found the money yesterday(!) after 19 days on the account in AUD deposit currency, but my bank transcription shows clearly I choosed USD as currency.

ICM claims I used wrong accountnumber for the AUD currency, and I told them that my bank dont allow wire transfers to accountnumbers with letters in it (which it is on the USD deposit accountnuber). So I was forced to use the one with only numbers in it (the AUD account). I still did the transfer in USD and cleraly wrote that in the reference field also.

Now they say that it could be transfered to USD but the amount will be only 9728USD!! That is a really bad start loosing USD272. Am I the bad guy who must pay for this transfer in any way?
Other experiencies?

(sorry my first language is not english)
Title: Re: IC MARKETS
Post by: reinerh on January 08, 2013, 06:20:59 AM
Did anyone experience how ICM handle a currency conversion on the account?

I sent USD10000 the 19th december through bank wire. They found the money yesterday(!) after 19 days on the account in AUD deposit currency, but my bank transcription shows clearly I choosed USD as currency.

ICM claims I used wrong accountnumber for the AUD currency, and I told them that my bank dont allow wire transfers to accountnumbers with letters in it (which it is on the USD deposit accountnuber). So I was forced to use the one with only numbers in it (the AUD account). I still did the transfer in USD and cleraly wrote that in the reference field also.

Now they say that it could be transfered to USD but the amount will be only 9728USD!! That is a really bad start loosing USD272. Am I the bad guy who must pay for this transfer in any way?
Other experiencies?

(sorry my first language is not english)

hmm, i think you should not have send it to their aud account.

when i receive a usd wire into my euro account it also gets automatically converted to euros.
Title: Re: IC MARKETS
Post by: LFN on January 08, 2013, 08:05:38 AM
Did anyone experience how ICM handle a currency conversion on the account?

I sent USD10000 the 19th december through bank wire. They found the money yesterday(!) after 19 days on the account in AUD deposit currency, but my bank transcription shows clearly I choosed USD as currency.

ICM claims I used wrong accountnumber for the AUD currency, and I told them that my bank dont allow wire transfers to accountnumbers with letters in it (which it is on the USD deposit accountnuber). So I was forced to use the one with only numbers in it (the AUD account). I still did the transfer in USD and cleraly wrote that in the reference field also.

Now they say that it could be transfered to USD but the amount will be only 9728USD!! That is a really bad start loosing USD272. Am I the bad guy who must pay for this transfer in any way?
Other experiencies?

(sorry my first language is not english)

hmm, i think you should not have send it to their aud account

when i receive a usd wire into my euro account it also gets automatically converted to euros.
If I hade that choice possible I would have done that. But as I said, my bank do not accept accountnumbers with letters in it so I never had that choice.
Title: Re: IC MARKETS
Post by: timytots on January 08, 2013, 08:44:50 AM
Did you ask them for an alternative?  Their Westpac account do not ha've letters.
Title: Re: IC MARKETS
Post by: odysseus11 on January 08, 2013, 09:00:51 AM
In my opinion this is an error on the part of the bank not the broker.
I had exactly the same is