I'd ultimately decided to initiate an IB agreement with IC Markets after thoroughly researching this brokerage, and their trade environment. As far as I was able to determine, they offer the best overall trade environment in the retail Forex space so far as fund security, regulatory oversight, slippage, execution speed and spread go (doubly true for the EUR/USD and certain JPY pairs). Highly recommended.
As an IB though I certainly do not expect you to take my word for it for obvious reasons. Investigate IC Market's live and historic spreads at MyFXBook (including commission), and see how they compare to other brokers here:
Spreads | Myfxbook (note that with the following agreement, the IC Markets commission per round lot will be $1.55 or 22.14% lower).
I also encourage you to consult the following threads and reviews:
FPA Reviews: IC Markets | International Capital Markets | ICMarkets.com.au reviews and ratings by Forex Peace Army
100 Forex Broker Reviews: http://www.100forexbrokers.com/reviews-ratings/icmarkets
Donna Forex Thread: http://www.donnaforex.com/forum/index.php?topic=5761.0
MyFXBook Spreads: http://www.myfxbook.com/forex-broker-spreads
That all said, I've managed to get my referrals a
$1.55 / RTL rebate for their ECN accounts with IC Markets; this is presently the highest rebate rate thus far offered by any IB for ICM to the best of my knowledge. Rebates will be discounted from the cost of your commission in real time (reducing them to $5.45 / RTL down from $7.00 / RTL). As an alternative you can request customer service provide these rebates to you in the form of cash credits that can be withdrawn to any of your trading accounts with ICM.
For those who are interested in signing up with me, please use the following link to set up a new trading account:
http://icmarkets.com/?camp=1053
I'd like to emphasize the importance of confirming your IB enrolment by sending an e-mail to
accounts@icmarkets.com and to
ICMRebates@gmail.com with the account numbers you wish to be enrolled under my IB (its name is Kyle Cancilla).
This is easily the best, most reliable way to ensure that you get your rebates.
Lastly, if your rebates are somehow not being properly processed, you may also contact me at that e-mail with your name and IC Markets account number, and I will investigate the matter on your behalf.
Definitely let me know if you have any questions or concerns!
Cheers,
Kyle
