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Author Topic: IC MARKETS  (Read 489427 times)

Offline HFT Group

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IC MARKETS
« 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.
« Last Edit: July 30, 2012, 09:08:30 AM by jonpearce »

Online 7trader7

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Re: IC MARKETS
« Reply #1 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?

Offline BarrySDCA

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Re: IC MARKETS
« Reply #2 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.

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Offline maestro007

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Re: IC MARKETS
« Reply #3 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.
Blown Accounts are Us... :)

Offline e1vis

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IC MARKETS
« Reply #4 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...!!
« Last Edit: April 26, 2012, 11:35:04 PM by e1vis »

Offline HFT Group

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Re: IC MARKETS
« Reply #5 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.

Offline HFT Group

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Re: IC MARKETS
« Reply #6 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.

Offline HFT Group

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Re: IC MARKETS
« Reply #7 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  ;)

Online 7trader7

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Re: IC MARKETS
« Reply #8 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.

Offline HFT Group

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Re: IC MARKETS
« Reply #9 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.

Online 7trader7

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Re: IC MARKETS
« Reply #10 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.

 

Online 7trader7

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Re: IC MARKETS
« Reply #11 on: April 27, 2012, 12:27:13 PM »
Is it possible to hold accounts in EUR as base currency?

Offline BarrySDCA

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Re: IC MARKETS
« Reply #12 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.
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Offline Dash

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Re: IC MARKETS
« Reply #13 on: April 27, 2012, 07:28:47 PM »
do they have non-ecn accounts too? or just ecn?

Offline HFT Group

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Re: IC MARKETS
« Reply #14 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.

 

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