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IC Markets

Tiffany (TiffanyK)
Apr 05 2018 at 13:21
427 postów
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
Wingandprayer
Apr 06 2018 at 12:09
13 postów
New EU regulations should mean that all brokers in the EU have negative balance protection

Svenson
faithl3ss
Apr 08 2018 at 06:09
3 postów
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 ;)

Svenson
faithl3ss
Apr 08 2018 at 06:10
3 postów
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?

Tiffany (TiffanyK)
Apr 12 2018 at 13:03
427 postów
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
HFT Group (jonpearce)
Apr 12 2018 at 13:25
86 postów
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:
Cloudballs
Apr 13 2018 at 12:24
12 postów
IC is a very good broker. I used them for years

Herden (Herden)
Apr 24 2018 at 06:16
15 postów
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

Life is like a box of trades, you never know what you are going to get.
HFT Group (jonpearce)
Apr 24 2018 at 06:41
86 postów
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.

Highest Forex broker rebates:
vontogr (togr)
Apr 25 2018 at 06:34
4862 postów
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.

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