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IC Markets is a true scammer

Discussion in 'Scam Alerts' started by NanaR, Nov 28, 2014.

  1. El Jefe

    El Jefe Recruit

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    Here is a list of other known issues...

    Freezing platform
    Occasional huge slippage
    Regular Requotes... *by an ECN provider .... hmmm, funny how this can happen so frequent on a daily basis that I need to press 10 continuous times to have the execution done once
    They either Hedge against us or through put orders to their preferred LP's starting with their subsidiary companies whom acts as if they know of our current cash conditions, account positions, and somehow knows our summarized conditioned as to margin call distance etc...
     
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  2. El Jefe

    El Jefe Recruit

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    by the way, I mainly trade CFD on index and very little forex due to a 98% losing trade on IC. Am I missing something, maybe anyone familiar with the mechanism of a Index CFD's could explain how my above issues could actually be of a natural occurences.. appreciate all the help.
     
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  3. NanaR

    NanaR Corporal

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    unfortunately I dont think it will help. CFD is a gray zone, unregulated over there which just proves to me to stay away from aussie brokers.

     
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  4. NanaR

    NanaR Corporal

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    The people from my era and the snb guys did not get their money back. Just be careful when trading there.

     
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  5. NanaR

    NanaR Corporal

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    ASIC said they couldnt do anything (as you probably already know). the problem is, it is a gray area. sad but true. kinda useless and waste of time even writing the report for them but life goes on.

     
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  6. NanaR

    NanaR Corporal

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    welcome to the club & re whatever you posted... I experienced them too years ago :)
    imo there is nothing you can do except look for a good, reliable broker (v rare) or become good enough that people fund you.
    pretty obvious this one is v dishonest

    Ps: Please look through the forums. There is another victim here who posted a screenshot from them, listing him as a "B Book" client which tells you everything you need to know... that they are probably bucketshop.


     
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  7. NanaR

    NanaR Corporal

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    I can tell you one thing. If you are trading indices (e.g Dow,Nikkei, SP500 etc) on CFD, you are 100% trading against a bookmaker/bucket shop or something similar.

    Why? Simple.

    The exchanges in charge of those derivatives do not offer these as CFD. They only come as futures or ETF form which require much bigger margins. I been trading those these past yrs, and know this for a fact.



     
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  8. RahmanSL

    RahmanSL Major

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    There are more complaints on this loonie broker I-See-Bucketshop a.k.a ICMarkets in other sites & forums with their equally loonie CEOs posing as "ordinary forumers" throwing everything, including their stinking kitchen sink & filthy toilet bowl, to defend their two-bit-broker company.
    Their revenue must be at rock bottom as they have to scrap & scam evermore from whatever clients they have left just to get by.
     
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  9. RahmanSL

    RahmanSL Major

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    Anymore from this I-See-Bucketshop a.k.a ICMarkets?:D
     
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  10. The Reaper of F

    The Reaper of F Private, 1st Class

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    200% agreed.
     
: ic markets

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