Review Score
Platform
Pricing
Customer service
Features
Live Spreads

IC Markets

Minimum deposit ($)
200.0
Commission
7.0
Accepting US clients?
Swap free accounts
Segregated accounts
Interest on margin
Managed accounts
Accounts for money managers (MAM, PAMM)
One click trading
API
OCO orders
Trading over the phone
Hedging allowed
Trailing stops
Mobile trading
Scalping allowed
Bonuses
Demo Accounts
Web based trading
Contests
Decimals
5
Minimum lot size
0.01
Maximum lot size
200.0
Spread
Variable
Broker type
ECN
Maximal leverage (1:?)
500
Phone
+61280144280
Fax
+61280722120
Availability
Phone, Chat, Email, FAX
Address
Level 2 Number 2 Bligh Street Sydney
Regulation
ASIC (Australia)
Trading Platforms
MetaTrader 4, MetaTrader 5, cTrader, AutoTrade
Funding/Withdrawal methods
Wire Transfer, Credit Card, Debit Card, Moneybookers, WebMoney, Neteller
Account Currency
USD, GBP, EUR, CHF, JPY, NZD, CAD, SGD, HKD, AUD
Languages
English, Spanish, French, Japanese, Chinese
Country
Australia
International offices
Australia
Trading platform(s) timezone
(GMT +2:00) South Africa, Jerusalem
Other trading instruments
Indices, Commodities, Energies, CFDs
IC Markets User Reviews
IC Markets User Reviews
Member Since Mar 06, 2015   27 posts
Aug 11, 2016 at 10:11
wow.. i guess that is their 'template' answer for all ? i got the same msg as well when i submit the trade investigation that cause my trade to losses that i dont see loss on other broker.. what a unethical broker.. better stay away from them ..
Member Since Dec 28, 2015   30 posts
Aug 11, 2016 at 06:24
Many issues with this Company Icmarkets.com

1st i think its not even Regulated they says its Regulated by ASIC
i like to conform is ASIC a Regulator ? please if some 1 knows it better

Slippage 15 to 20 pips is very normal with them they say this is because of the EA i am using
and since so many using the same EA so those kind of Slippage will be normal

So if you planning for Scalping with ICM they will eat all your money and then say we dont control things

on time of any big news the System get Freeze and execution speed gets too low

Today my account went on Minus since i was trading on News and ICmarkets servers was Freeze
i never seen my account on Minus with any of the broker but 1st time i saw this kind of thing

When i was trying to make a order Sell order on USDJPY i get a error Off Quotes and Icmarkets reply me
that this is because i am using EAs but this was a manual order which i tried to place

I am using CNS Vps with Ping time 1.25ms

i hope those matters can get fix


Member Since May 20, 2016   28 posts
Aug 07, 2016 at 06:21
Not strong evidence to prove whether it's ture or not just on slippage's issue. Because it's execution time I knew is about 400ms. If you're professional trader, its indeed unacceptable. Basically some brokers will show its own execution time and I saw one is only 50ms. U better find another if u concern the 'time' matter
Member Since May 08, 2010   214 posts
Aug 07, 2016 at 05:01 (edited Aug 07, 2016 at 05:32)
Stop wasting money and your time with this bucketshop broker....I was with them for over a year and each time some 'strange' things happen on my trading platform and I make a complaint, they would give me some excuses and I believe them and think the broker is okay and will not manipulate my trades.
BUT eventually and after a lot of wasted money in refunding my multiple trading accounts with them, I simply give up because this is a bucketshop broker who cannot be trusted. That's why I call them I-See-Bucketshop a.k.a ICBucketshop.

Again, stop wasting your precious money and time with ICBucketshop and move on to other better brokers.
I have made my main broker with a Swiss bank broker and have no issues with them at all.

Over at the FPA, there are a lot of 5 stars positive ratings given on this broker with dates on the same day or the day after.
This strongly suggest all these positive reviews on this bucketshop broker are as fake and dishonest as the broker...i.e. ICBucketshop
Member Since Dec 28, 2015   30 posts
Aug 06, 2016 at 10:08
This broker was doing good but since last week giving a huge slippage
today NFP gave about 20 pips spreads on Sell order and Stoploss again huge slippage
they are not true ECN broker
all this week very bad the execution very bad too maybe they have issues with they server live 4 or what not sure but i am leaving this broker
Member Since Apr 28, 2012   231 posts
Jul 13, 2016 at 16:59
rob559 posted:
been with them since 2 years.making money and withdrawing $ with no problems at all,

This pretty much, though it's been more than 2 years now.
rob559
Member Since Feb 11, 2011   1916 posts
Jul 13, 2016 at 15:39
been with them since 2 years.making money and withdrawing $ with no problems at all,
Member Since Mar 06, 2015   27 posts
Jul 13, 2016 at 10:09
i notice they will start to slip your order if you continue win with your EA.. and cause the losses at the end.. i experience and see myself during my manual trade.. when i place tp xx pips.. they will slip you and make the tp point far away from you target.. at the end.. you cant reach you target and already hit the stop losses.... what a unprofessional broker...
Member Since May 20, 2016   28 posts
Jul 07, 2016 at 04:59
Anyway, the CS is reli reli poor and uneducated. Once I asked about the deposit issue by credit card has been disappoved for why. They said the limited credit is USD 10K, but sorry to say that I fund in HKD. So I tried many many time why I fund only HKD20K is unacceptable. However, I tried funding HKD10k is WORK😡. and that is crazy if you try to put USD 20K into account 😲
Member Since May 20, 2016   28 posts
Jul 07, 2016 at 04:58
RoboExpert posted:
TOTAL SCAM KITCHEN!

I was IB of this Kitchen. I have 500 dollars at my IB acc and cannot withdrawal - Support say you need 5 client for activate transfer at your acc. But i already invited 30 guys ))

Also they Exequte Orders Around Spread! - They do not use at Standart and ECN accounts the ASK and BID for Open Orders. At standart Spread Bigger but at ECN is Smaller + Comission... they do not care about that and add +1-1.5 pips not in your way around spread

Can somebody post about this at ForexPeasArmy ?! Its time to stop Australin Scammers Kitchen

YES! Exactly the standard account will not work for some EA/ get wrong calculation by EA. I've experiened one of my ea did place reverse order( other's brokers which did not).
Member Since May 08, 2010   214 posts
Jul 06, 2016 at 12:52
As I have already written in many other sites, of all the numerous brokers that I have live accounts with, this broker ICBucketshop is the WORST brokers I have ever experienced in all my more than 6 years trading the forex market.
As soon as you start making money and make withdrawals, their back-office will manipulate your trades to make you loss faster and to wipe out your account.
Totally cannot be trusted and an honest-to-goodness Bucketshop broker.
Member Since Dec 28, 2015   30 posts
Jul 06, 2016 at 06:54
What a Awesome broker who charge 7$ spreads on XAUUSD
and many other issues too
If u fund your account with Skrill or any other method else then CC
for example if u funded 100$ and u came in profit u cant withdraw your money easy
u need to give them Bank account pay the wire fees and after 10 days u get your money

Stupid Broker with Stupid Rules and you can see the Spreads before you Join them



Attachments:

Member Since Mar 06, 2015   27 posts
Jul 06, 2016 at 06:38
oscarin posted:
Very bad experience with this broker:

- Big difference between Demo and Live, no slippage on demo, a lot of slippage on Live. 20% of my account lost due to slippage.
- Mediocre Customer Service
- 10 days to withdraw funds and 55 USD fee!, (They denied me Moneybrokers withdrawal, in spite of they offer it on their withdrawal form)
- The only good thing: low spreads, but, is it important if you get a lot of slippage on the entries?

I don't work anymore with this broker.

big slipage on live cause huge losses! dont ever trade with this broker agian!! very inconsistent performance!!
Member Since Nov 30, 2013   21 posts
Jul 01, 2016 at 18:17 (edited Jul 01, 2016 at 18:19)
ICMarkets Live Chart - About withdrawal comission

Levi
Hello Alex. How may I help you?
Alex
hi i made withdraw at my bank acc - from ХХХХХ - amount was 160 $ but to me its come today 125 only
who made comission and why ?
Levi
unfortunately at the moment we are having maintenance on our back office system and i am not able to check.
can you please send your query to [email protected] and as soon as it is working we will check for you and get back to you via email.
Alex
125*100/160 = 78 % . It Meant comission was 22 % thats a lot
Levi
with what method did you withdraw?
Alex
pelase you send them this info - let them send me some document what amount thay send to my bank acc if IcMerket did not take any comissions
Australia - Free
Levi
Please find our withdrawal methods below:

Funded by:
Credit card - Withdraw back to credit card (free of charge)
Bankwire - Withdraw by bankwire (20 AUD Bank fee)
Neteller - Withdraw by Neteller (free of charge)
Skrill - Withdraw by bankwire (20 AUD Bank fee)
Webmoney- Withdraw by bankwire (20 AUD Bank fee)
Fasapay- Withdraw by bankwire (20 AUD Bank fee)
Local bank transfer- withdraw by bankwire (20 AUD Bank fee)

Any withdrawal requests submitted through the secure client portal by 01:00 GMT (12:00 AEST) will be processed on the same day.
deposit via Local bank transfer- withdraw by bankwire (20 AUD Bank fee)
deposit via Bankwire - Withdraw by bankwire (20 AUD Bank fee)
Alex
where can read this ?
link
Levi
Im sorry we do not have this information on the website.
Alex
than why you tell me that ?
its say FREE at website
maybe next time you say 1000 $ comissoin - read below
Levi
Please see a list of deposit methods available below:
1) Credit / Debit Card = There are no fees charged for Credt/Debit Card deposits.
2) Skrill (Moneybookers) = All Skrill deposits are free
3) Neteller = Neteller deposits do not apply any fees
4) Wire Transfer / Bank Transfer = IC Markets does not apply any fees or charges to funds received to our Client Trust Account. However please confirm with your bank (sender) if any fees and charges apply for the transfer.
5) Local Bank Transfer (outside Australia) = There are no fees charged for incoming wire transfers processed by Global Collect using our network of 59 different banks globally.
6) Webmoney = All Webmoney deposits are free.
7) Bpay = There are no fees charged for Bpay deposits. AUD only.
8) POLi = Fee free instant method for funding. AUD only.
9) China Union Pay = All China Union pay deposits will incur a 3.5% fee.
10) Broker to Broker transfer = There are no fees charged for incoming Broker to Broker transfers.
11) Fasapay = The are no fees charged for Fasapay Deposits.
its free to deposit not to withdraw.
Alex
i ask about Withdrawal info at your site
legal link with documentation
if you dont have this than you are scam and i stop working with you
i see....
have a nice scam work...
 Read
Levi
im am very sorry you feel that way i will send your comments to management.
RoboExpert
Member Since Apr 15, 2015   55 posts
Jun 24, 2016 at 11:46
TOTAL SCAM KITCHEN!

I was IB of this Kitchen. I have 500 dollars at my IB acc and cannot withdrawal - Support say you need 5 client for activate transfer at your acc. But i already invited 30 guys ))

Also they Exequte Orders Around Spread! - They do not use at Standart and ECN accounts the ASK and BID for Open Orders. At standart Spread Bigger but at ECN is Smaller + Comission... they do not care about that and add +1-1.5 pips not in your way around spread

Can somebody post about this at ForexPeasArmy ?! Its time to stop Australin Scammers Kitchen
Member Since Sep 10, 2015   8 posts
Jun 03, 2016 at 08:16
I registered last year and made deposit above $10K. Before I had any chance to start trading, I need money in emergency. I applied for withdrawing all the money. Had no problem at all at that moment.

10 months later, I have enough funding to trade now. I found IC Market got nicer feature, which allow me deposit by credit card at no cost. The spread is tight, the commission is acceptable, though it is not the lowest pricing. Generally, I am happy with this broker.

By the way, I open True ECN account.
Member Since Jun 09, 2015   21 posts
May 08, 2016 at 06:32
my account is True ECN, don't bother with standard account.
Member Since Jun 09, 2015   21 posts
May 08, 2016 at 06:32
Just switched to IC Markets for about a week. Overall experience is good, always positive slippage and some stops do have negative slippage too.

My previous broker only have negative slippage but no positive slippage on limits.

No connection issue for this week of course it's too short to conclude, but I also opened a demo to test other stuff out, demo server has severe freeze, disconnection problem. But not on the live server.
JuLesFX
Member Since Mar 24, 2015   4 posts
Mar 21, 2016 at 07:28
Total scam broker. Stay away.
Member Since Jun 06, 2014   3 posts
Mar 18, 2016 at 07:04
Opening an account takes ICMarkets just a couple of hours
Very fast and friendly support
Very good spread and very fast and correct order execution. I have only experience with True ECN account.
Deposit with Credit Card is free of charge
My best broker so far!
IC Markets User Reviews

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