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IC Markets

icmarketsfx (icmarketsfx)
Jun 30 2014 at 12:46
21 posts
Surrealistik posted:
I have to admit, I held my judgement on this, but after seeing your website when it was pointed out to me, I kind of agree with cyberryder and Jon; there certainly seems to be an attempt to distinguish yourself from other IBs with a false veneer of exceptionality/exclusivity and official endorsement. It's not that you're trying to impersonate an employee of IC Markets, it's the misleading way you are representing your association with this broker.


Also did you get permission from Nick and Jeff to advertise their MAM, and associate your affiliate ID with it?

EDIT: Apparently you did not: https://www.donnaforex.com/forum/index.php?topic=10883.msg313905#msg313905

I strongly recommend you delete that page at once. I will also be speaking to Angus about any clients you illegitimately enrolled in this way.


The page has been removed.

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hansbowles (hansbowles)
Jul 08 2014 at 18:51
55 posts
About to start a MAM with IC Markets, and I'm already approved by them as they told me I have a good system and way of trading which is guaranteed to bring new clients in. They wanted to look at my trading account, and I sent them to my stats on MyFXbook.

The reason I am thinking of having my MAM at IC Markets is because of many good reviews as well as low spreads on pairs that I use. Anyone else can share experiences with their MAM as a MAM manager or as a trader? Thank you.

- Hans

Surrealistik
Jul 09 2014 at 21:01
227 posts
Hi Hans,


I would recommend getting in touch with Nick at the Forex Signals forum here:

https://www.forexsignals.com/forum/forumdisplay.php/7-Nick-s-Forex-Journey

To my knowledge he's set up, or helped set up several MAMs at IC Markets and is in close contact with the traders that work with him, so I expect he would have some valuable feedback for you.

Offering the best commission discounts for the best broker: $1.50 / RTL Global Prime:
hansbowles (hansbowles)
Jul 09 2014 at 23:11
55 posts
Yea I know Nick and talked with him a few times before over Skype.

Currently I am busy setting up the MAM at IC Markets (so far so good, but in order to provide MAM, I need to become an IB first, and in order to become an IB, I need to open a normal trading account with IC Markets which all takes a bit of time) and I think I will put my signal also on ForexSignals of Nick as well somewhere next month.

- Hans

makeitrain (makeitrain)
Jul 10 2014 at 17:33
212 posts
hansbowles posted:
Yea I know Nick and talked with him a few times before over Skype.

Currently I am busy setting up the MAM at IC Markets (so far so good, but in order to provide MAM, I need to become an IB first, and in order to become an IB, I need to open a normal trading account with IC Markets which all takes a bit of time) and I think I will put my signal also on ForexSignals of Nick as well somewhere next month.

- Hans


I will be watching you at Nick's goodluck

Get rich or just die
hansbowles (hansbowles)
Jul 10 2014 at 17:34
55 posts
Thank you, see you on the good side of forex :)

makeitrain (makeitrain)
Jul 10 2014 at 17:49
212 posts
hansbowles posted:
Thank you, see you on the good side of forex :)


off topic, I went through your website. Any resources you recommend for options?

Get rich or just die
hansbowles (hansbowles)
Jul 10 2014 at 18:13
55 posts
Sorry, I gave up trading options already, it's way too unpredictable for me,
thus I don't know good websites/resources about it either. Sorry...

makeitrain (makeitrain)
Jul 10 2014 at 18:27
212 posts
hansbowles posted:
Sorry, I gave up trading options already, it's way too unpredictable for me,
thus I don't know good websites/resources about it either. Sorry...


Hey no problem

Get rich or just die
Surrealistik
Jan 19 2015 at 21:40
227 posts
Would like to wish a Happy New Year to all my clients and all goers of this fine forum!


That said, I'd like to post some important communications from IC Markets concerning the Swiss Franc depegging.

If you feel you've been adversely affected by an aberrant/erroneous spike or price at IC Markets due to this event, I definitely recommend getting in touch with IC Markets support ASAP: support@icmarkets.com.au

If you'd like my personal assistance I will also do my best to help you out; I can be reached via PMs here or at ICMRebates@gmail.com


Direct correspondence from IC Markets on the matter is as follows:

'Dear Client,
This email is concerning the CHF position(s) on your trading account and the prices streamed across the CHF pairs that have affected you today.

Today at 11:30 platform time (GMT+2) the Swiss National Bank removed the floor at 1.20 on the EURCHF currency pair which caused extreme volatility in all CHF pairs and the market in general. Over this period we saw spreads widen significantly which in turn caused the activation of price filters to stop pricing. Once pricing stopped on our main Integral price feed our backup price feed from Currenex was allowed to price. It was at this time that some liquidity providers were able to stream erroneous prices to IC Markets and execute client trades at prices they shouldn’t have.
Today IC Markets will be amending the prices on trades done across the CHF pairs with our liquidity providers. Once we have had these trades amended we will begin the process of adjusting clients accounts. This may include but not be limited to the actions below:
• Reinstatement of positions where appropriate and possible
• Amendment of open/close prices on trades
• Assessment of client portfolios closed due to insufficient margin
• Adjusting client cash balances to reflect the actions above
IC Markets staff will be working as fast as possible to complete the above and restore trading accounts to their correct state. We appreciate your patience as we complete this.

Kind regards,
IC Markets Trade Desk'


Further, please note that there is no risk of IC Markets becoming insolvent as other brokerages had due to overleveraged clients; they have more than enough operating capital to sustain operations:


'Dear Traders,

In the wake of unprecedented market events caused recently due to actions of SNB, we would like to reassure you that our robust risk management processes has helped us to continue Business as usual.
Our operating capital has not been affected and we continue to hold capital well in excess of all ASIC regulatory requirements.
Trust and Transparency form the basis of IC Markets' core values, we hold all positive client equity and balances separately in segregated client trust accounts at top-tier Australian banks and do not use these funds for any purpose other than to facilitate clients trading activity.
At IC Markets, we will leave no stone unturned to fulfill our promise of providing our clients with the very best trading environment, Our Staff will be working as fast as possible to resolve all Client inquiries & requests. We appreciate your patience as we complete this.
If you have any further questions or require any assistance, please don't hesitate to contact one of our support team members via Live Chat, email:support@icmarkets.com or phone +61 (0)2 8014 4280.

Kind regards,
IC Markets Trade Desk'

Offering the best commission discounts for the best broker: $1.50 / RTL Global Prime:
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