Slippages and Requotes - Forex Broker Testimonials

Do IC Markets suitable for exotic pairs trading? And I'm not asking if they provide said pairs, because I am pretty sure brokers as big as IC Markets would allow exotic pairs. But instead, I want to know whether they have a good spread for these pairs or not? I know that most broker allows exotic pairs trading but their spreads and slippage are ridiculous.

Is trading with IC Market safe from slippage? How will they protect my account from slippage? Normally when I look for a new broker I would be looking for no slippage broker. The reason is that I want to keep myself from losing too much. I am a long-term trader, so I don't particularly check my account every so often. So there is a huge chance that my positions will be subjected to a slippage?

In the beginning, they were a very good company, Trusted, honest, and have a very exquisite customer support system. But, then somehow they changed, and I started to have difficulties trying to withdraw money from this broker. Then they have a very high slippage in the spreads, more than 300% in some cases. This company has dropped a lot in quality and it's getting worse. A lot of my order wasn't executed properly, causing me to lose a lot of important opportunities. I don't know what happened, but I am not sure if I want to come back.

While I truly believe that IC Markets has one of the best spreads among all of the other brokers out there, the slippage can truly be bad. Sometimes I can be slipped multiple times from 10-30 points. It is really bad compared to any other brokers that I have tried before. Of course, I contacted customer service. But, they are;t giving any help at all. They said it was because of the market's conditions. Which is a bit odd considering the market was pretty okay at the time. Was it the latency? I have no idea, but it is disappointing.

After using this broker for a while I realize that there is huge slippage which is affecting all my trades. This is getting worse for me since I am using an expert advisor. Sometimes the position of the price opening will is wrong and the closing price will be wrong, in this case I mean that both are not the same as I requested. This has caused so many issues regarding my trading and I ended up losing a lot.

Another issue I experience is the spread. I trade with them because IC Markets said that they have low spread trading yadda yadda. But, in reality, I often experience a bigger spread than what it promised in the beginning. The differences sometimes reach more than 5 dollars. This has made some of my winning trades hit the stop loss. I don't know if this is a technical error or not, but the fact that it happened a lot has made me doubt it. I even have trust issues now because of it.

I thought they would be a great and honest broker, but in the end, they're just like the rest of them. Really let me down with empty promises. Sure, the spread is pretty tight I guess, but they have ridiculous slippages. It racks up my trading cost higher than it actually is. That is not the worse, I suspect that they also moving money within their platform- they will grab some through off-market exchange rates. Also, their customer service is unbelievably arrogant. They really don't care about you at all or your problem for that matter. They will happily take your deposit but took so long to do a withdrawal. Unbelieveable.

Hopefully in the near future I will no longer experience strange incidents when trading at TickMill. Some time ago I noticed that the candles formed on their platform were quite different from other brokers. I hope I don't lose.

Like a seller who does not understand about the product they are selling. Their CS sometimes cannot explain the OP price, or when the chart formed is different from other brokers. Overall, IC Markets is pretty good. But there are many other better brokers.

I think their market depth is worst than any other broker I've tried before, especially for indices. One of the most recent examples is when I'm trying to trade US30 and I realized that the price regularly fills 2 whole points higher than the quoted price. Their depth of market shows they only have single-digit lots at the quoted price. Although it's true that they are consistently keeping tight spreads for a smaller lot, if you are trading over 10 lots, it will feel more pricey. The slippages are also really bad in my opinion, most brokers easily fill 100 lots around quoted price with less slippage. Slippage for large lots is normal but 2 whole points slippage is unheard of for 100 lots in normal trading non-news times.

Experienced traders can confidently choose FxOpen and trade without worries. However, it's important to note that being an active trader with a decent amount of capital is necessary to reduce the trading commission. This might not be a concern for swing or position traders who hold their trades for longer durations. As a result, the trading commission becomes significantly lower when we have a good capital and meet the preset trading volume from the previous month.

Once the commission decreases, it becomes highly competitive. Alongside other advantages such as tight spreads, ECN execution, minimal slippage, and relatively fast withdrawals, FxOpen stands out from other brokers. When considering these factors together, no other broker can match the offerings provided by FxOpen.