I have previously posted on how their XTI prices differ from many other brokers during the crash to hit out client's account. But its not just the XTI, the XAU also have similar issues and there are people complaining about it in this forum. I'm going to attach the price chart for XAUUSD on ICmarket and cross reference it with other sources like Globalprime, Darwinex, and TradingView and you guys can see for yourself how IC Market literally make their own price to hit out a trader's position. And everytime someone tries to contact their support and ask to correct the position, they will tell you it's the market or liquidity provider's fault.
To prove it, i will now show you their reply to my buy limit not triggering even though the USDCAD went roughly 4 pips over it and then having the price go towards my target tp, I have provided a screenshot of it. In the end, they just provided me with a excel sheet and called it their tick data. As I trusted them back then, I took their explanation and just moved on. From the chart, you can see that the spread, which is the difference between the red and the blue line is 1.7pips, so even if we apply the what the support staff said and add 0.5 pips to both the BID and ASK price, the buy limit order would still have triggered.
Now that i see so many people complaining about their questionable behavior, maybe it's time to do something about it. I have a lot more findings to share, like archived webpage of how they used to advertise themselves as a "True ECN broker" and remove it now because people could use that against them, and more spread widening instances to hunt stoploss and trigger margin calls, which they refuse to admit their fault and forces the clients to take the loss, but that would make this post too long and complicated with too many attached thumbnails.
Once all the other victims have come together and post their own evidences, we will build up a strong case and file a class action lawsuit together and get back our money.
To prove it, i will now show you their reply to my buy limit not triggering even though the USDCAD went roughly 4 pips over it and then having the price go towards my target tp, I have provided a screenshot of it. In the end, they just provided me with a excel sheet and called it their tick data. As I trusted them back then, I took their explanation and just moved on. From the chart, you can see that the spread, which is the difference between the red and the blue line is 1.7pips, so even if we apply the what the support staff said and add 0.5 pips to both the BID and ASK price, the buy limit order would still have triggered.
Now that i see so many people complaining about their questionable behavior, maybe it's time to do something about it. I have a lot more findings to share, like archived webpage of how they used to advertise themselves as a "True ECN broker" and remove it now because people could use that against them, and more spread widening instances to hunt stoploss and trigger margin calls, which they refuse to admit their fault and forces the clients to take the loss, but that would make this post too long and complicated with too many attached thumbnails.
Once all the other victims have come together and post their own evidences, we will build up a strong case and file a class action lawsuit together and get back our money.
Attachments
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IC Market Gold Price March.png124 KB · Views: 9
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Darwinex Gold Price March.png122 KB · Views: 9
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GlobalPrime Gold Price March.png126.1 KB · Views: 11
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TradingView Gold Price March.png166.9 KB · Views: 14
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USDCAD not triggering TP.png128 KB · Views: 14
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USDCAD not triggering TP reply from IC Market.png71.1 KB · Views: 13
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USDCAD tickdata provided by IC Market.png705.6 KB · Views: 12