Discuss ICMarkets.com (International Capital Markets)

[Tony111]

They claim to have tight spreads that go to a maximum of +- 1.5 something pips (check at their spreads list on their website do they mention that we may get to 40 pips? what are they dealing desk market makers or what? ) look at the following spreads during some volatility at midnight. Imagine you have an opened position and you want to close with a profit of 15 - 35 pips the time of thet pick in price ....your are in loss...the extreme widening of spread has taken this CHANCE....this pictures where captured (thanks GOD there is technology to put things in transparency here!), while I had the aim as I can recall to close one of these times a position but I didn't as prohibitted by the wide spread....Nothing to say more one image =1000 words take a look at the following link at jumpshare.com/b/3JA9uPQawgqrxWkjp9bK....nothing to say about swaps....check also the price difference between bar chart and and mini terminal........YOU JUDGE!!!!!

Amen to that brother. Traders be warned. Stay away from IC Bucket Shop!

ICMarkets is a real scam broker! STAY AWAY!!!

I had 3 accounts at ICMarkets and another account on Saxo. With SNB debacle the ICMarket accounts lost over 14k while Saxo account lost 200euro's with exact same robot. All 3 ICMarket accounts had exact same trades copied from 1 to another.

ICMarket was sending illegal/fiction prices for USDCHF during the news. Regarding all financial reports, including Bloomberg, USDCHF has never ever been on that price. The difference between actual price and ICMarkets price is over 2000pips!!!
You can see all my trade details here!

After 3 weeks of calling, several emails and promisses that they will adjust the trades to the right price, all they say was this:
'Upon further review of your accounts, our trade desk have assessed that there are no pending adjustments on your accounts as the rates have been verified as correct by our liquidity providers and stopouts occurred correctly. During the SNB announcement, spreads were extremely wide, and as there was uncertainty by the banks on where to price the CHF pairs there was no liquidity as a result.'

These 3 accounts lost all together over 14k and had same trades. They adjusted trades on 1 account with 740euro's (which is nothing if you look at the loss). But the most crazy thing is that they say the trades on the other 2 accounts don't need adjustments while they have been traded on the same price.

All they do is blame the liquidity providers which they chose by themselfs. When you don't know where to price a currency why do you just send fiction prices? and allow trades on those prices? Saxo just blocked tradings and did send real prices. On ICMarkets graph you can see USDCHF went down all to 0.04, which should mean: USD doesn't exist anymore.

This is just steeling money from traders by sending fictionary prices to MT4.

I'm now sending a letter to Australian Securities and Investments Commission (ASIC) to investigate this as ICMarkets is not taking this seriously.

You can also read this: 'Fake margin calls': Forex traders furious after losses


View attachment 18417

Here Here. I totally concur. More evidence here that IC Bucket Shop is a scam broker of the worst kind. Stay away from them if you want to keep your sanity and your money.

 

[Tony111]

Note that IC Markets has begun to monitor this thread and is looking for quality feedback, so let loose with what you love, hate and wish were improved about the broker; it's all good as long as it's honest!

To anyone thinking of starting an account with ICMarkets, beware, they will rob you blind.
Their advertised low spreads are bogus as anyone can easily see by watching a trade which will go 3 to 5 pips in your favour and still be negative.
They run a very slippery algorithm and it's all designed to rob you.
This is what happened to me:

I put straddle trade on GBP/NZD for interest rate announcement.
I had
1. Buy stop at 1.7885 and
2. Sell stop at 1.7840

with both stops at 1.7860.

at the announcement price plunged although my long order was triggered and closed at 1.7860 even though price went no where near the entry order price.

The short order was also triggered as you would expect but with 14 pips slippage at 1.782620
and CLOSED OUT at 1.7873 even though price was still falling.
The times on the order tickets were about 1 millisecond apart so they basically just closed my orders and took my money.
It is impossible that the short order could be stopped out 50 pips above the entry price in a falling market.

Now maybe this wasn't the wisest trade decision but they just outright robbed me.
Whatever excuse they have, it's not good enough.
I believe the term IC Bucket Shop will become well known in the Forex world.
I know that most all brokers are there to take your money but this is straight up robbery.
Stay away from IC Markets. They are shady as hell and their so called super tight spreadfs aren't tight at all because the trade can go 2 to 5 pips in your favour and still be negative.
They run a slippery algorithm.
And no they don't take the other side of your trades and are not a market maker. They don't have to be because their algorithms do all the dirty work for them.
So. I have an account with OANDA and am now going to trade with them and close my account with IC Bucket Shop.
I suggest that anyone who has an account with them do the same before they rob you blind.

ic market ecn broker

hi! any suggestion about ic market ecn broker, i want to get in,but waiting all youre advise want to know the feedback of this broker hope you can help me

regards
michael

To anyone thinking of starting an account with ICMarkets, beware, they will rob you blind.
Their advertised low spreads are bogus as anyone can easily see by watching a trade which will go 3 to 5 pips in your favour and still be negative.
They run a very slippery algorithm and it's all designed to rob you.
This is what happened to me:

I put straddle trade on GBP/NZD for interest rate announcement.
I had
1. Buy stop at 1.7885 and
2. Sell stop at 1.7840

with both stops at 1.7860.

at the announcement price plunged although my long order was triggered and closed at 1.7860 even though price went no where near the entry order price.

The short order was also triggered as you would expect but with 14 pips slippage at 1.782620
and CLOSED OUT at 1.7873 even though price was still falling.
The times on the order tickets were about 1 sec apart so they basically just closed my orders and took my money.
It is impossible that the short order could be stopped out 50 pips above the entry price in a falling market.

Now maybe this wasn't the wisest trade decision but they just outright robbed me.
Whatever excuse they have, it's not good enough.
I believe the term IC Bucket Shop will become well known in the Forex world.
I know that most all brokers are there to take your money but this is straight up robbery.
Stay away from IC Markets. They are super shady and their so called super tight spreadfs aren't tight at all because the trade can go 2 to 5 pips in your favour and still be negative.
They run a slippery algorithm on their MT5 platform anyway.
So. I have an account with OANDA and am now going to trade with them and close my account with IC Bucket Shop.
I suggest that anyone who has an account with them do the same before they rob you blind.

 

[rockey]

Today I installed an EA on my IC Markets True ECN platform. I will share my results shortly, I am really excited.

bro what is your result?

 

[profitablefxtrader]

when I started to become profitable on my MT4 live account, the blocked me to deposit more money!


Chat transcript

Name: leonardo garcia

E-mail: lguinvest@hotmail.com

If yes, please quote your live account number 1000037236

If yes, please quote your demo account number


Melina Tue, 02/06/18 08:34:46 am America/New_York
Hello leonardo garcia. How may I help you?
hi


leonardo garcia 08:34:59 am
hi
are you guys accepting deposit trough paypal USA? 08:35:33 am


Melina 08:35:58 am
Yes, we do

leonardo garcia 08:36:37 am
yesterday got decline $450

Melina 08:36:53 am
let me check this please
Your paypal accounts have been declined with the error message: (processor_declined) 08:38:45 am
Please contact Paypal for this
they will be able to assist you further on this 08:39:03 am


leonardo garcia 08:40:02 am
crazy but yesterday you guys told me that paypal changed policy

Melina 08:41:03 am
what Policy please ?

leonardo garcia 08:41:26 am
rules

Melina 08:42:07 am
let me confirm this please
I have been informed that there are some policies in place for US yes 08:46:02 am
please try a different method for now

leonardo garcia 08:46:47 am
i talked with Paypal on the phone and told me is NOT true
I made alot in and out transaction to IC markets and everything ok 08:47:25 am
but when I started to be profitable on my MT4 account and wanted to deposit more. you guys block my account. 08:48:20 am

Melina 08:48:47 am
one moment please

leonardo garcia 08:50:20 am
Melina and ICmarkets I will post this problem om the internet that when you become profitable ICmarkets dont let you use paypal for deposit.
I will open ticket on www.forexpeacearmy.com and we talk from there 08:51:16 am

Melina 08:51:50 am
I am confirming what is the issue with our Accounts team Leonardo,
your patience will be highly appreciated 08:52:00 am
let me transfer you to them, thank you

leonardo garcia 08:52:30 am
ok

Sylvia (Support Team) 08:53:06 am
Hi Leonardo, this is Sylvia from Accounts

leonardo garcia 08:54:00 am
hi after I became profitable on my mt4 live account, from ICmarkets side dont allow me to deposit more to my mt4 account
why?
got $450 decline and today try agian with $20 again.


Sylvia (Support Team) 08:55:29 am
can I ask, are you a USA citizen?

leonardo garcia 08:55:32 am
error: your country is not supported for paypal deposit
check my account im colombian citizen
I just deposit with USA paypal account 08:56:14 am

Sylvia (Support Team) 08:56:33 am
right, USA citizens are no longer able to deposit
it is not our decision unfortunately

leonardo garcia 08:57:10 am
suddenly and what about few days ago?

Sylvia (Support Team) 08:57:19 am
this decision was made just few days ago
that's why you were able to deposit before

leonardo garcia 08:57:43 am
who made de decision? ICmarkets or paypal?

Sylvia (Support Team) 08:57:58 am
Paypal
few other countries were involved too 08:58:07 am

leonardo garcia 08:58:33 am
is NOT true I just called them and they say everything is ok sending money to ICmarkets

Sylvia (Support Team) 08:58:48 am
Can you please get it written from them too?
we got instructed few days ago that Paypal accounts that are registered in USA can not use the service anymore 08:59:11 am
to ICM

leonardo garcia 09:00:53 am
I will ask them to sent me a statement. and this problem I will make it public on www.forexpeacearmy.com
we dont trust ICmarkets anymore 09:01:45 am


Sylvia (Support Team) 09:02:13 am
we are sorry that you feel this way, but it can not be used anymore from USA

leonardo garcia 09:03:09 am
because ICmarkets yes decided so. a game ICmarkets play with USA clients when the become profitable
and why I could withdraw all my funds this morning? so for withdraw is ok
to kick you out of the business ICmarkets allow to withdraw trough paypal USA account 09:04:34 am

Sylvia (Support Team) 09:05:26 am
We will check the withdrawal now. Was it received?

leonardo garcia 09:06:26 am
yes why? I must get decline since Icmarkets dont allow USA paypal account sice few days ago you told me

Sylvia (Support Team) 09:12:13 am
I checked and deposits are blocked from USA, withdrawals not yet.
it was Paypal's decision, not ours.
We want our clients to be able to deposit

leonardo garcia 09:14:42 am
I will prove that ICmarkets its a fraude. I will ask to paypal management to sent me statement that they allow to sent money to: international capital markets (ICmarkets)
I just talked to paypal and there not limitation from there side. 09:15:42 am
I dont want to lose my time with your lies. I got work to do with paypal and make this problem open to ICmarkets future clients 09:16:51 am

Sylvia (Support Team) 09:16:54 am
please confirm to them the origin of your account, which is most probably USA

leonardo garcia 09:18:10 am
they have all my details dont worry. I deposit :$700 last week without any problem. from the USA paypal account.
have a good day Sylvia.

 

[RahmanSL]

Yup that's I-See-Bucketshop alright!....soon as you become profitable their back office starts working overtime to ensure you losses money by any means possible....including outright manipulation of your trades opened positions.

 

[RahmanSL]

See & reading all those obviously self generated 5 star ratings at Forex Brokers review makes me puke!

I-See-Bucketshop will rob you blind when you start making money and...heavens forbid...start withdrawing money from your trading account.

 

[satish37]

hi i am looking for a broker who pays in real time most of the broker keeps withdrawal pending . My last broker paid me after five days , amount i recd was held up in ATM switch they provided me ARN and Auth Code of transaction
but i recd zero from my bank . they paid me as a refund . Also trading is easy and profitable for me . But I am in search of a broker who can pay . please suggest , please do not scam or misguide

 

[DojiStar]

Hey i was looking at joining IC Markets.... what do these pictures mean?
Also have you had any experience with them good or bad?

Thanks

STAY AWAY!!!!
600pips !!!!!!! spike!!!!!!!!!!!!! just last Wednsday (15/8/18) at 07:16 GMT on USDTRY wiped out my hole portfolio.... and it is ONLY THEM!!!! You can check at tradingview.com (or anywhere else you want)... See photo attached! Left are normal prices... Down there, the red line is where the ICmarkets spike reached!!!!! (as you can see on the right as well, in ICmarkets's Ctrader! chart) WAAAAOOOO!!!!! these guys made a lot of money!!!! (and closed many "homes" as well)...
When I emailed them, the replied with an explanation of what is margin and how it works!!!!!!!!!! Not only they are stealing you, not only they are fooling you, not only they have absolutely no mercy, they are making fun of you as well....

 

[DojiStar]

bro what is your result?

ha haaaa
I think the results are pretty obvious... With this broker???? Haa HAA

 

[trader3737]

ICMarkets increased spread to 9600 pips (bid 5.43xx - ask 6.40xx) on Aug 15, 2018. I have proof if anyone needs. Stay away from them. Even if you win, they will increase spread as much as they need and stop out all your positions one day. If anyone interested file a lawsuit, please contact me. I started prepping case to file lawsuit.