Problem IC markets

[NanaR]

Lol, they arent so kind. More likely it is due to this: 'Fake margin calls': Forex traders furious after losses

But I am glad at least you got some money back. And yes, remember to monitor the server conditions and spreads and if you see anything odd happening, better bail out. May not be so lucky again nextime ;/

Fortunately on this week ICMarkets making a sense on my claims ( ant on claims of another clients as well ) . I get adjusted NZDCHF to close price at 0.6700 and USDCHF on 0.91163. That is caused me to get back my ~65% of deposit which is reasonable and fair.
From now i have no any claims to ICMarkets.

Thanks.

 

[NanaR]

Funny thing if you check forexsignals.com under EUR/CHF thread where ICmarkets have their one of their biggest IB (someone who posted there said they are one of the top 2???), some people there already claim to have "favorable adjustments" after all the complaints and newspaper article .

here is what i got

"Thank you for contacting us and we apologize for a late reply. Please note that your account has been adjusted in your favor on 1415.23 AUD to reflect the amended prices at which your trades have been closed.

Account 134444

Order ID 12440201

New Close Price 0.736
Old Close Price 0.67747

Order ID 12440200

New Close Price 0.736
Old Close Price 0.67219

We can offer you as well to close your negative balance of -229.50 AUD."

note that even that price would NOT result in a margin call

 

[VadimI]

I wondering my posts is getting censored.

 

[VadimI]

Lol, they arent so kind. More likely it is due to this: 'Fake margin calls': Forex traders furious after losses

But I am glad at least you got some money back. And yes, remember to monitor the server conditions and spreads and if you see anything odd happening, better bail out. May not be so lucky again nextime ;/

We contacted press on same week because we know it can have big affect to ICMarkets. They adjusted out positions in day of release of that article.

 

[VadimI]

We contacted press on same week because we know it can have big affect to ICMarkets. They adjusted out positions in day of release of that article.

 

[Ed_Forex]

I wondering my posts is getting censored.

Figured that before, when recruit posting has limitation like on quotes and long sentences, try short ones. and no quotes.

 

[Ed_Forex]

Lol, they arent so kind. More likely it is due to this: 'Fake margin calls': Forex traders furious after losses

But I am glad at least you got some money back. And yes, remember to monitor the server conditions and spreads and if you see anything odd happening, better bail out. May not be so lucky again nextime ;/

YES. icmarkets clients must withdraw their money after they get positions adjusted. icmarkets always does fake spikes, discussed it in one of my posts before. Stay away.

 

[pedroguedes]

Ive been scammed by this thieves.

My eur chf position was close on .72, this level never happened elsewhere other then their mt4 platform. They said errouneous prices were appeared yet they wont refund a cent. bunch of thieves!

I pressed charges against them on FOS and ASIC, everyone should do the same.

 

[WFC]

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.

 

[Ed_Forex]

WRC, kindly open your own thread against icmarkets