faithl3ss posted:
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?
Yes, Negative balance protection is a very good advantage when it comes to choose a broker ...and a good sign that the broker is a reliable one. But I think if the brokers have it , they would put it on a visible place on the site, it is a positive feature after all ...
Accept the loss as experience
Apr 06 2018 at 12:09
New EU regulations should mean that all brokers in the EU have negative balance protection
Apr 08 2018 at 06:09
TiffanyK posted:faithl3ss posted:
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?
Yes, Negative balance protection is a very good advantage when it comes to choose a broker ...and a good sign that the broker is a reliable one. But I think if the brokers have it , they would put it on a visible place on the site, it is a positive feature after all ...
they do. https://www.jfdbrokers.com/en/about-jfd/company-news/514-jfd-introduces-negative-balance-protection.html ;)
Apr 08 2018 at 06:10
Wingandprayer posted:
New EU regulations should mean that all brokers in the EU have negative balance protection
yeah. BaFin (Germany) regulated Brokers, like JFD have a negative balance protection for good. I want open another account on IC Markets. IC is just ASIC regulated and they still have no negative balance protection.
So what could happen to a EU citizen in the worst case with an australian ASIC regulated broker?
faithl3ss posted:
So what could happen to a EU citizen in the worst case with an australian ASIC regulated broker?
I think in order to determine in which country's legislation you'd fall, what matters also is where you live .... There 's surely a difference in both regulators ( sorry, I am not very familiar with ASIC's regulations) , however if you are a European citizen, you still have to comply with EU regulations for financial markets.
Accept the loss as experience
If the broker does not have a EU entity EU citizens can trade with that ASIC broker. Negative balance protection will not be too far away for ASIC brokers I believe. IC Markets is rock solid and as well reputed as EU brokers, just not as stringently regulated (yet).
Highest Forex broker rebates:
Apr 13 2018 at 12:24
IC is a very good broker. I used them for years
About IC Markets, I would like to know:
1) What are the advantages of opening an account directly with IC Markets versus an IB?
2) Has anyone here had any problems with withdrawing money from them?
3) I am based in Europe, and they charge a LOT for bank transfers...what '100% cost free' options do they offer to deposit and withdraw money?
Thanks
1) What are the advantages of opening an account directly with IC Markets versus an IB?
2) Has anyone here had any problems with withdrawing money from them?
3) I am based in Europe, and they charge a LOT for bank transfers...what '100% cost free' options do they offer to deposit and withdraw money?
Thanks
Life is like a box of trades, you never know what you are going to get.
1) No advantage whatsoever opening directly. If you open through a reputable IB you get exactly the same conditions but with a rebate or discounted commission rate.
2) I have been trading with IC Markets for 6 years. Never had an issue withdrawing direct to AU bank account and via Neteller. Have never had a client contact me regarding problems withdrawing.
3) Credit/Debit card, Neteller, Skrill etc.
2) I have been trading with IC Markets for 6 years. Never had an issue withdrawing direct to AU bank account and via Neteller. Have never had a client contact me regarding problems withdrawing.
3) Credit/Debit card, Neteller, Skrill etc.
Highest Forex broker rebates:
Apr 25 2018 at 06:34
TiffanyK posted:faithl3ss posted:
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?
Yes, Negative balance protection is a very good advantage when it comes to choose a broker ...and a good sign that the broker is a reliable one. But I think if the brokers have it , they would put it on a visible place on the site, it is a positive feature after all ...
During the swiss peg removal when market gone crazy I have negative balance on one of my account. They simply took the negative amount from other profitable accounts. Without my permission or even notice.
When I complained they told me it is standard practice.
Can provide proofs if necessary
On the other hands I am trading with them for years- my Caesar system is on IcMarkets since 2013 without another issue.
