Regulation and Security - Forex Broker Testimonials

I notice that a lot of people having some troubles with withdrawal. So, I would recommend using Skrill, I have tried most of their available withdrawing options and so far Skrill has been the best one. It's quick and more affordable. Your withdrawal request will be processed on the same day. It's also very quick and easy, so I definitely recommended this. IC Markets is regulated by ASIC and FCA so they are trusted.

It's true that ICMarket has one of the lowest spreads I have ever seen. But I feel like the commissions are too high. If I'm not mistaken, it's about 20% of the profit when the trade is in earnings. The worst part is, they still charged it even when the positions are at a loss. Most brokers normally only charged about 10%. That being said, I still think that this broker is very professional. I actually prefer ASIC-regulated brokers among others, since they are really good and keep things safe. The platform in ICMarket is also super easy to use even for someone who isn't tech savvy like me.

Here are the conclusions of my experience in IC Markets, starting from the positives.

The good part

1. Low latency which makes my trading execute smoothly, I love it when that happened. Really eased my anxiety.

2. Spread is super tight.

3. Customer service department is really good.

4. Didn't lie about being an ECN broker.

Now on to the negatives

1. Concern about the regulations, is FCA and ASIC regulated?

2. Withdrawal can be slow, which is a problem.

I don't know what should I give them? Maybe 4 stars?

As someone who has been with several brokers, I have to warn you guys. Read the terms and conditions carefully. A lot of new traders feels 'trapped' while in reality, they are the one who hasn't been reading carefully.

For me, customer service is very important, I believe it is one way to trust your broker aside from regulations. So far, IC Markets prove to give the best customer service I have ever known. Recommended to retail and professional traders.

Well, I truly have no complaint regarding Ic Markets, but I just want to share some opinions about them. In the beginning, I was just trying out their demo account as I feel it works best for me. Then, when I feel comfortable enough, I decided to switch to an ECN account and starts trading for real. It was honestly one of the scariest experiences, but I feel sure because their spread is low. Also, this broker is regulated by ASIC, which is an important factor for me, I trust ASIC more than CySEC. I do believe that regulations are very important, they should give you safety. I hope they keep with where they're at present. A genuine trader can make a lot of money from this broker. Although, if I really have to nitpick, I really wish they can change their margin percentage to 50% instead of 100%.