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NOT GUILTY PER REGULATOR Case# 2015-004 | psunardi vs icmarkets.com

Discussion in 'Not Guilty Verdicts' started by psunardi, Jan 5, 2015.

?

Based on the available evidence, do you believe that ICMarkets.com is guilty?

Poll closed May 31, 2015.
  1. Guilty

    47 vote(s)
    94.0%
  2. Not Guilty

    3 vote(s)
    6.0%
  1. Surrealistik

    Surrealistik Private

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    I'll be honest, I just don't think there's enough evidence to prove wrongdoing beyond reasonable doubt. Like csloh said, huge lot sizes and overleveraged positions relative to a small account size.

    I will agree however, that IC Markets should have forwarded some kind of official response on the matter however.
     
    1 person likes this.
  2. Gladiator76

    Gladiator76 Corporal

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    Although this is true, they can still screw you with withdrawals or cancel your trades for some lame reason. The fact is that a dishonest broker will try every possible way to screw traders no matter what system is used.
     
  3. Pharaoh

    Pharaoh Colonel

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    That's the fatal flaw in cTrader. The broker can't tamper with the trade results, but cTrader promises to not comment when a broker declares some (or all) profitable trades to be "illegal" or against the rules in some fashion.
     
  4. Gladiator76

    Gladiator76 Corporal

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    Unfortunately that's right. But I would still rather use cTrader instead of MT4 since it gives me the peace of mind that my trades are not being interfered with.
     
  5. RahmanSL

    RahmanSL Major

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    All trading platforms have their flaws and I would dare say these platforms are always designed to give the designer's clients (i.e Brokers) an added advantage over the actual users (i.e Traders).
     
  6. psunardi

    psunardi Corporal

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    yes i agree with you.
     
  7. AsstModerator

    AsstModerator FPA Forums and Reviews Admin

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    I have a message from Sung...

     
  8. psunardi

    psunardi Corporal

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    oke thanks
     
  9. RahmanSL

    RahmanSL Major

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    FOS basically act as an arbitrator and...in my opinion....not much effective for complicated cases.
    The correct party...again in my opinion.... to make a misconduct report to is to ASIC who is the governing Regulatory body.

    Attachment screenshot is of form to use to file a complaint/report which I shall be doing next week or so.

    ====================================

    Asst Moderator:

    Okay, now that we have a "scam finding verdict", surely there must be some follow-up action(s) to publicize the finding to the forex community.

    Perhaps, and as a suggestion, post the FPA finding verdict at all the other forums/sites which are friendly and receptive to such impartial information to warn as many Traders as possible about so-and-so broker/service provider/funds manager/whatever.
     

    Attached Files:

    #39 RahmanSL, Jul 22, 2015
    Last edited: Jul 22, 2015
  10. dkami

    dkami Sergeant

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    This is nothing more than a trader over leveraging and can't trade for ****,then blames the broker when they loose their account!
    It's that bloody simple sheeple!

    What broker's platform doesn't freeze on occasions during high impact news? Come on if this was a competent trader they would have priced this in to their risk factor!!!!!!!!!!

    I havn't the time to do a long post @ this time but I will say this about ICM,

    I opened a live account with ICM @ start of 2015 then there was the unexpected swissy news mid Jan, I was falsely MC and I could prove it to ICM and they reinstated all my trades!

    Now I'm not defending ICM but this was the case with me!

    To the OP, Don't trade money you cant afford to loose and never over trade because it won't matter what broker you go with, you will be right back here filing another scam on every broke that you use!

    Not Guilty
     
    MYFXPT and Turffe like this.

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