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Author Topic: IC MARKETS  (Read 509027 times)

Offline bennyfx

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Re: IC MARKETS
« Reply #45 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.   :)
« Last Edit: June 22, 2012, 02:40:33 PM by bennyfx »

Offline bearnakedbull

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Re: IC MARKETS
« Reply #46 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.
Regards, bnb

Offline Codebreaker

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Re: IC MARKETS
« Reply #47 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.
« Last Edit: June 22, 2012, 09:04:23 PM by Codebreaker »

Offline robl45

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Re: IC MARKETS
« Reply #48 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?

Online HFT Group

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Re: IC MARKETS
« Reply #49 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.

Offline bennyfx

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Re: IC MARKETS
« Reply #50 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.

« Last Edit: June 23, 2012, 02:34:28 AM by bennyfx »

Online HFT Group

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Re: IC MARKETS
« Reply #51 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  ;)
« Last Edit: June 23, 2012, 06:28:24 AM by jonpearce »

Offline robl45

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Re: IC MARKETS
« Reply #52 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.

Online HFT Group

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Re: IC MARKETS
« Reply #53 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.

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Offline robl45

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Re: IC MARKETS
« Reply #55 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.

Online HFT Group

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Re: IC MARKETS
« Reply #56 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.


Offline samtheman

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Re: IC MARKETS
« Reply #57 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.

Offline lumtrics

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Re: IC MARKETS
« Reply #58 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) 

Offline forexfish

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Re: IC MARKETS
« Reply #59 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 ?



 

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