Beaware of icmarkets.they are bunch of thieves

andyonandy

Private, 1st Class
Messages
63
Had no issue with them till I got an email that they are changing my regulation from an Australian one to Cysec or so because of the region I was in. Didn't like it since I would lose some protections offered by ASIC. I like others also protested against it. I have noticed wider slippage and some unusual spread increase even during UK and U.S. sessions. These were even after they claim the change of regulatory body never happened because of our protests. My experience with them has not looked shady at all apart from this.
 

forexteamau

Sergeant
Messages
148
They manipulate your trades.they never let your trades hit your tps.they automatically close your trades when they are running in minus.please stay away from them.i have lost my faith in trading because of these shameless thieves.if you want to loose your money and loose your faith in trading kindly ho ahead.
Zulfi, I can confirm that they are dodgy .I've seen many similar complains and had the same issue with them. Their price feed is completely different . They claim that the feed comes from variety of liquidity providers but in reality if you compare their price with other brokers you will notice once price bounces near your TP . it stays bellow normal price compared to other brokers . I can confirm it and remember they have large number of paid keyboard worriers on all forums and review sites . that's how they make money. if you have been affected by this broker and lost money please join our group of people who lost money with this broker at https://www.forexpeacearmy.com/comm...ders-who-lost-money-unfairly-join-here.65292/

Cheers.
 

forexteamau

Sergeant
Messages
148
if your trades close when its running in minus then your probably getting margin called. Calling a regulated broker a thief can be slander. be careful what you throw about. seems like your upset because you got your own trade incorrect
BigBax. They have their own game to put you in margin call area . I will shed some light about this at the right time. I had similar experience with them and I can confirm it . When you say regulated broker ? if you mean ASIC I'm from Australia and I can assure you that ASIC doesn't t get involve in these small cases. unless it raises an alarm or gets on media. Australian banking and financial system is notorious for not being very strict. A kiosk can get ASIC registration number for a small fee here. if you mean their Seychelles regulation. Well it's not any better than ASIC if you know what I mean !
 

forexteamau

Sergeant
Messages
148
Had no issue with them till I got an email that they are changing my regulation from an Australian one to Cysec or so because of the region I was in. Didn't like it since I would lose some protections offered by ASIC. I like others also protested against it. I have noticed wider slippage and some unusual spread increase even during UK and U.S. sessions. These were even after they claim the change of regulatory body never happened because of our protests. My experience with them has not looked shady at all apart from this.
You are right about change if regulatory mate. even though you are not fully protected by ASIC but their Seychelles regulatory is not even better. I have some evidences that they are more relaxed with disputes or even laws when it comes to other regulators . I lost huge amount of money with them . I lost my faith in all forex brokers but I'd recommend to stay away from these guys.
 

forexteamau

Sergeant
Messages
148
They're not the best broker but I doubt they are robbing you
Well same happened to me. if you are playing with small money, you will be fine but once you invest more . they will hunt you down . that's what I've experienced with them. They normally won't bother if you playing under 5 to 10K
 
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