Hi guys.. I got my full funds back..
It is always good to see FPA cases that are resolved. @FPA Forums Team @AsstModerator can you please mark the thread appropriately?
Also don't forget to update your review https://www.forexpeacearmy.com/forex-reviews/8264/icmarkets-forex-brokers?per-page=50
Please note ic markets is now a raw spread not ecn broker..
There old stuff used to say no manipulation.. It's not mentioned now ♂
You can see at minute 1:04 that the archive.org capture from 01 August 2019 shows the difference (previously they SHOUTED "True ECN" all over the place.
I have a lot more footage from their older advertising on this.
Now there is nothing wrong with market making. Just be honest about it, eh? Even now, the revised advertising is still very deceptive. The FAQ page explanation of ECN is so cute
[emphasis mine]...IC Markets is the issuer of the products it provides. We consider ourselves to be a forex provider offering the ECN pricing model as we source our pricing from external unrelated liquidity providers via an ECN, these prices are passed onto you with no dealing desk intervention. In order to provide you with better price certainty and to ensure fast execution speed we do not offset each and every position with our liquidity providers. We do this in order to provide you with a better overall trading experience....
But isn't a "True ECN" experience the best for the end trader? or an execution model that mirrors True ECN??? With the reports in the FPA forum of people getting stop losses removed, disconnected accounts, et al....is this mirroring a True ECN experience?