Is there someone who is trading with this broker more than a year? Please send me message. I want to know if this broker is scam, or is really the best. Thanks
Stay away from IC Markets.
I read plenty of reviews and still decided to go with them. Big mistake.
I put straddle trade on GBP/NZD for interest rate announcement.
1. Buy stop at 1.7885 and
2. Sell stop at 1.7840
with both stops at 1.7860.
at the announcement price plunged although my long order was triggered and closed at 1.7860 even though price went no where near the entry order price.
The short order was also triggered as you would expect but with 14 pips slippage at 1.782620
and CLOSED OUT at 1.7873 even though price was still falling.
The times on the order tickets were about 1 sec apart so they basically just closed my orders and took my money.
It is impossible that the short order could be stopped out 50 pips above the entry price in a falling market.
Now maybe this wasn't the wisest trade decision but they just outright robbed me.
Whatever excuse they have, it's not good enough.
I believe the term IC Bucket Shop will become well known in the Forex world.
I know that most all brokers are there to take your money but this is straight up robbery.
Stay away from IC Markets. They are super shady and their so called super tight spreadfs aren't tight at all because the trade can go 2 to 5 pips in your favour and still be negative.
They run a slippery algorithm on their MT5 platform anyway.
So. I have an account with OANDA and am now going to trade with them and close my account with IC Bucket Shop.
I suggest that anyone who has an account with them do the same before they rob you blind.
Avoid ICMarkets like your money depended on it, coz it does.