I am Partner with ICMarkets “1200015193” and introduced around 5 clients to this broker in first month, I have lots of traders who follow my trading analysis and copy my trades with some other brokers.
For two weeks my client trading with ICMarkets, it made me around 90$ agent commission and this week I tried withdrawing my commission and I got very strange response from broker “Please note, prior to approval and processing of the IB commission related withdrawals, we are required to review both funding and trading activity of your account and of your introduced clients.
The above procedure is in compliance with our withdrawal policy which is imposed on us by the authoritative bodies that we operate with.
Once the overview of all the accounts is completed, you will be informed accordingly.” this was reponse from one of their representative “Elina Strauta”.
There is no update so far, but with my first agent withdrawl I received such a response which have really put me in doubts about the credibility of this broker, and i am definitely concerned about my trading account withdrawls as well. I have been an IB with 2 other brokers with around 35 clients introduced and never had such a response when making a withdrawl. But I will wait for their response and will asses if its trustworthy to keep business with this broker.
Will keep you guys posted here for updates.
Kind Regards,
Umar, CFA L3.
Update: My request for withdrawal approved today, i will keep you guys updated about my experience with ICMarkets.
