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IC Markets

icmarketsfx (icmarketsfx)
Jan 20 2015 at 07:34
21 posts
Thank you for this information.


Get 20% discount on IC Markets
jonpearce (jonpearce)
Jan 20 2015 at 11:46
84 posts
IC Markets Still Strong
 
Dear Trader,

 The unexpected announcement by the Swiss National Bank (SNB) that it would withdraw the cap on the Swiss Franc’s value against the Euro took many in the industry by surprise and resulted in extreme volatility in the forex markets.

 We were surprised by the extreme volatility after the announcement, however fortunately in December, 2014 we assessed the risks associated with this pair and reduced the leverage offered to clients. As a result of this pre-emptive measure we were able to minimise the impact of negative client equity and provide additional protection for our clients. Despite the significant volatility during the announcement we were able to maintain pricing during periods of low liquidity.

 The new paradigm in the forex market could be characterized by periods of low volatility followed by extreme episodic volatility as we saw with the Russian Rouble in December and now the Swiss Franc last week. Two such events happening within a month of each other should be considered as a sign of the times. We are expecting more volatility like this although not of the same magnitude throughout 2015. We would like to assure you that we will continue to focus on pre-emptive risk management so that our clients remain unaffected by future volatility.

 Our financial position remains strong and above our regulatory requirements with trading unaffected. As always client funds are held in segregated accounts with leading Australian banks NAB and Westpac.

 If you have any questions or require any assistance, please contact one of our support team members via Live Chat, email: support@icmarkets.com, or phone +61 (0)2 8014 4280.



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wanttosucceed
Feb 04 2015 at 14:59
5 posts
Hi Fellow Experienced Traders


I am fairly new to forex trading


Hence I really need your expertise & experience on this issue that I am facing with my broker

( Which is IC Markets )


Because somehow the ' answers ' that IC Markets gave so far

just do not sound RIGHT to me though !


I am very helpless at this point


Sincerely hope you guys can advise me accordingly



I Sell Short USDRUB positions on 15th DEC 2014

My TP = 59.25788 ( please refer screenshot 1 below )







On 16th DEC 2014

The ' Lowest ASK ' of the day actually hit 59.128

As indicated on the ' Tick Data ' sent from IC Markets itself !


( please refer TickData CSV attached )



When 59.128 ASK Price occurred


My SELL SHORT USDRUB positions should be ' out ' of the market .....right ?


But IC Markets said there's ' no liquidity from provider ' !


Is it that I have to SUCK it up and accept that ?

Can't do anything else at all ?

:(



Please advise


Attachments:


icmarketsfx (icmarketsfx)
Feb 04 2015 at 16:09
21 posts
When the price reaches to your TP level there must be some (Buy orders in your case) liquidity available to get the filled. This is just normal in forex.

Get 20% discount on IC Markets
wanttosucceed
Feb 15 2015 at 07:34
5 posts
Ic Marketsfx,


Mine is not even 1 mini lot

It is merely ' 3 micro lots '


No Fill for such small lots ?


Doesn't make sense...at all

Ambush_Trader
Feb 17 2015 at 20:17
38 posts
wanttosucceed, trade size does not matter if they are stp. The price feed could be a 500k feed meaning each tic is 500k in volume . So when your trade hits the liquidity provider it will get filled the same weather its .03 lots or 5 lots because this is the volume per tic on the feed. Even if they are clearing the volume, the price is still based off 500k tics( more or less)

wanttosucceed
Feb 20 2015 at 13:16
5 posts
Hi Ambush


Thank you for sharing


So meaning my USDRUB positions should be " out " then

Right ?


Since it has already hit my TP => 59.25788

Lowest ASK that day was = 59.128



Please advise

Thanks

intertrader
Feb 20 2015 at 22:39
3 posts
i like icmarkets.com ... #trading.ora.gampang.bro

deansi
Mar 08 2015 at 07:44
3 posts
wanttosucceed,
I have experienced similar trade dispointments with other brokers including large ones like dukascopy bank.
It is a risk in forex trading of super volatile price moves that occasionally the price quoted doesnt have any available volume, and hence isnt really there, at that price.
The alternatives I can see if you are interested in continuing to trade super volatile trade times/markets are a guaranteed-stops broker (you will generally pay more in commissions/spread for them, its like they are being your insurance policy) though stops may not have helped you since it looks like you didnt have any set in this trade.
The other option is to trade on a futures exchange platform, though you generally need more funds than a forex broker minimum since they give less leverage, and the instruments are quite different than on forex and the commissions are higher, the advantage is that you are trading actual futures contracts and the volumes and prices are real.
You can still miss an exit or entry if someone got in before you on any market, but that goes without saying unless people never thought about the fact that you can only trade if someone else is willing to trade the opposite direction as you with the same or larger volume.
Just my experience
Dean

Svenson
faithl3ss (faithl3ss)
Apr 03 2018 at 06:23
3 posts
I'd like to open an account.

I got one question and found nothing on google oder your site.

Do you have some negative balance protection like other Brokers (JFD) have it?

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