34 reviews of IC Markets are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.
I posted this on another site an though that I should post it here also.
For anyone that has been around the traps in the forex game like me you will find that IC Markets is a refreshing change to the norm. I dont like to brag about my experiences but since I have had quite a few people ask me which broker I use I decided to come online and write a few words.
Each trader has their prefered style of trading and prefered broker for that matter. To date after 11 years I have not found one broker that fits all, some a suited to market maker brokers and others are suited to ECN brokers but it really just depends on your trading style.
Now I am little different to most, I trade aggressively scalping for a relatively small amount of pips but with large trade sizes. On top of this I use a few EA's every now and then. I have been through over 16 brokers in my each of which have their advantages and disadvantages. Some of them like my trading style and others hate it one of them even aske me to close my account. So choosing a broker is not easy at all especially for aggressive traders like me.
After being with IC Markers for around 8 months now I beleive that I am in a position to make a comment. I am pleased to say that their excution is outstanding, they have little slippage and their spreads are the best I have ever seen. My aggresive trading style suits this broker and I can recomend them to anyone else who aggressively scalps.
It is a real shame that people come onto review site like this to rubbish brokers and spread lies and rumours.
I have been a long standing client of IC Markets for 2 years, I can safely say they are the best forex broker in the business (and the biggest in Australia). I did have a small glitch on Friday nigh but nothing different to what I had at FXCM last year and Axitrader in October, IC Markets remain the best ECN broker in the world and have the best spreads in the market.
My execution times are fast and I get little slippage (I think Dave is full of hot air or a Fake). The spread are the best in the world, EURUSD is 0.1 pips !!!
So it is a real shame that people which are probably competitors just come to places like this to spread lies about the best broker in Australia.
Keep up the good work IC, dont let jealous compeditors try to put you down. You are best broker in Australia ever.
I love your spreads and I love your service.
Go IC Markets Go !!!
I really wouldn't recommend this broker to anyone, because:
1) I get slipped 90% of my trades. This means spreads are actually around 0.5 - 1 pip wider than they appear. I think this is misleading and I hate slippage.
2) On Friday the 5th April they shut the live trading server down for 50 mins while the market was still open AND at the same time as Non Farm Payrolls (NFP). NFP is a massive event in the markets and I lost a lot of money from not being able to close my trade. I've submitted a complaint but don't know if I will get the money back.
3) Their customer service is appalling. They lost my deposit and then found it a week later but refused to apologise.
4) Reading around the forums it seems that everyone is having these issues and an IC Markets mass exodus is underway. I'm not going to be the last one standing.
If you are thinking of trading with this broker, don't.
Awful broker. I'm moving on.
My friend told me about IC Markets, I have been trading with them for a few months now and I have a good spread (0.0 pips) and ea that scalps many pips, so far no issues or slippage problems.
I made some money and withdrew and got money back next day to my credit card, so far I am pleased with their speed.
I just signed up for VPS service and keen to see results on VPS, live chat and customer service is very nice and helpful.
I will update more later if I have issues but so far I like IC Markets very much and will be recommending to all of my friends.
Excellent one clicker modification to the MT4 trading platform that other brokers don't offer.
Customer support is far superior to any others that I have had accounts with, they have very competent staff.
Their system is very reliable with very few server problems.
Though they charge a small commission, the profit comparison to others is greater because of the much lower spreads. I have tested this on live accounts across brokers.
Simply put, they want you to succeed and give you the right tools.
They are the best FX broker I have dealt with in last 5 years. They are honest and trustworthy. No excuses for not processing withdrawal. Timely withdrawal and processing deposits.
Great customer support on their online chat and very helpful and informative staff. True ECN account is the best performer for scalping ea's.
I like IC Markets very much. I am trading EURUSD everyday and IC Markets is best for this because their spread is 0.1 pips. Deposits and withdrawals are fast also even to sweeden. Very good experience so far.
IC Markets is my broker of choice for scalping. I have been using ther Metrader ECN for over 3 months and have found it to be very reliable and the spreads to be extremely tight.
I have traded with a few other brokers in the past and have had alot of server disconnects and trade delays, none of which I have experienced on IC Markets Metatrader.
I also think it is much better that they charge a commission rather than a spread becuase I means my robots work better. I dont mind paying $7 round turn per lot if I know I can get relaible trade execution and ECN pricing.
For what its worth, I rate IC Markets one of the top 3 forex brokers in the world.
Thanks for reading.
Since i have been with IC Markets for over 12 months now I'd thought I'd give an ACCURATE appraisal for those wondering what dealing with these guys are like.
I swapped from an MT4 Market Maker as i wanted to go with an ECN Broker to avoid the fixed spreads i was paying previously.
I have found IC Markets to be great. I'm an Aussie - and i wanted to deal with an Aussie regulated broker. I dont know what one of the previous posters was saying about not being able to contact anyone - I regularly need to discuss platform queries with the guys and usually talk to Angus or other reps available.
I have always had my orders executed well and without any hassles. I dont scalp and usually hold my position for a day or two. Probably trading about 3 - 5 times per week - maybe less.
For my 2c worth - they are very reliable. I am happy to pay the $10 commission per lot to get a reliable Australian ECN broker.
The only gripes i have about these guys is that the server time is GMT whereas i need GMT 2+ to get rid of that annoying 6th candle per week and want to look at NYC day candles. The other gripe is that the mobile platform they offer does not have indicators on the charts - its a bummer when you just need a moving average and cant see one.
Anyway apart from these I would recommend this broker to anyone.
IC Markets from what I can tell are an Introducing Broker
they are not an actual broker themselves
they are just like an affiliate ... flogging someone else`s product
you are better off to go straight to the companys (brokers)
they are dealing with
You are a complete ******* Adam, IC Markets spreads are really sharp, I personally use a spread monitor and have records going back 1 and half years for all brokers using MT4, IC Markets has by far the best spreads out of all MT4 brokers in Australia. Why don't you install the MT4 spread monitor to see for yourself rather than talking **** on a forum. you are clearly not an experienced trader.
Their execution speeds average sub 27 milliseconds, this is the fastest in Australia, most other MT4 forex brokers have execution speeds of between 200 - 300 milliseconds. Again you can download an MT4 EA that can give you this information, something you clearly have not done.
And for your information ALL forex brokers in Australia are actually market makers by definition, just check their PDS. The reason for this because forex is traded over-the-counter. It is their hedging policy that is important and more so whether they take on proprietary risk or pass on risk to their ECN pool or interbank counter parties.
I hope this forex 101 lesson has helped you, if not I can only suggest that you go back school.
Spreads are shocking, they say ECN broker, however after delayed trades there so called "instant execution" is not so instant. the money i deposited was going sweet until i was caught out with ridiculous spreads, and unjust commissions. what was i thinking?
And to add petrol to the fire, i started searching there PDS, which clearly states on page 39/71, that they are a Market Maker!!!!
How can they advertise that they are ECN when the PDS clearly states that????
Fantastic customer service which comes hand in hand with great pricing and of course the worlds best trading platform, Meatrader 4.
In my humbol opinion you really can not go past IC Markets if you are looking around for an MT4 broker that is based in Australia and quotes sharp prices.
Wow! 4 user reviews in 7 days! What a coincidence huh? Well, as glowing as these reviews are, I would like to give you the real deal on these guys, I mean GUY. That's right, IC Markets is run by ONE person and his sole purpose in running this Broker Front is to take you're money!
I deposited about $5000 AUD into IC Markets and I never even got MT4 login credentials! Hundreds of phone calls and emails go unanswered, the police say the Office address doesn't even exists and I have contacted the websites host who can not divulge the owner's information without court documentation. I will never see that money again and this guy keeps getting away with it.
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