Regulation and Security - Forex Broker Testimonials

What I like the most about Ic markets is that they are always consistent about their low spreads. This always makes my trading conditions very smooth, especially since they have super quick order executions. There has been almost no delay in all of the orders I placed. Stop-loss also works great, which is a good thing. To add, Ic markets also have high leverage, I know it can be risky but it adds to my trading power. I guess it will be fine as long as I am using it carefully. I understand they are regulated by ASIC, so having good high leverage is quite rare.

It's been 10 weeks since I open an MT4 account in IC Markets. I have to admit, I was pretty skeptical at first since I've read horror stories about them, but they are regulated, so I decided to take a leap of trust. First of all, the account is very easy to set up, and everything goes super easy and quick, very professional. A demo account is also very easy to use and I have a great experience. However, I do have some problems with the withdrawals, but those issues have been resolved by the customer support team within 2 minutes. I have to appreciate how quickly they handle things.

As a new trader, I find it crucial to keep my trading account and funds safe. That is why I am always looking for the broker's safety. Now, I have heard a lot about Tickmill. I am pretty convinced about this broker trading conditions (spread, leverage, deposits, all according to my needs). But, the most important question is what kind of security system does Tickmill apply in order to protect the client's funds? And what kind of regulations does Tickmill have?

I originally had an account in the EU server, but I wasn't satisfied with the leverage. A friend suggested that move my accounts to another country (Seychelles). I thought this would be difficult to do, but apparently, with a simple click, I managed to do it. Now I get to enjoy higher leverage. I know it's risky but I think as long as I have good risk management it will be fine. Also, the spread is super tight, now I can trade more with less money. What I like most about ICMarket is that its platform is really user-friendly. This makes my trading activity ever smoother.

I am still convinced that IC Markets is one of the best brokers with raw spread accounts in the markets nowadays. But, I don't think that they are the cheapest or the most affordable broker out there. First of all, their commission fees are pretty steep in my opinion. However, they provide great service, so I can overlook it. Furthermore, deposits and withdrawals are fast. The service is also very good, and they respond fast in the chat. I guess you get what you really paid for. So, despite the expensive commission fees, I am still trading with IC Marketss. They are also regulated by ASIC and FSA, so it's safe.

They used to be so good, but then they changed. Suddenly withdrawal wasn't so smooth anymore. Spreads were still pretty tight but slippages were horrible, sometimes there would bes in the charts and stop-loss doesn't execute properly. All this problem started when they change their entity from IC markets Australia to IC markets Global Seychelles. I don't want to say that this is what caused all of the issues, but it might be. Just remember to always be careful during trading.

Is this broker recommended?

I want to ask anyone here who uses Exness. How were the deposit and withdrawal? Do you find any manipulation on their candles? Since many brokers I know manipulate their price chart...

The thing you have to know about IC markets is that if you are not from Australia, there is a high chance that your account might be managed under the Seychelles regulations. If this isn't the problem with you then move along. I was originally trading with them because I thought I will be protected under ASUC regulations, should have known it wasn't possible. Anyway, I haven't actually got any problems trading with IC Markets besides the occasional server halt. But I see it happened to other trades as well so I think it's more of a server connections problem rather than a scam.

I have heard that due to the new ASIC regulations, it will be hard for international traders. Most brokers will probably open your account in one of their offshore branches, with not the same protections as you would have under ASIC. I've noticed that IC markets are regulated by ASIC, will this happen to them?