IC Markets is an online forex brokerage association that provides ECN brokers for active day traders, scalpers, and beginners to a forex market. It was founded in Sydney, Australia in 2007 by an consultant group related to a financial services industry.
IC Markets offers trade platforms, including low latency connectivity and higher liquidity, that has continued to change as investors gained entrance to pricing and liquidity, that is usually accessible to investment banks and high net value people before.
Regulation
International Capital Markets Pty Ltd is regulated by a Australian Securities and Investments Commission (ASIC) underneath permit series 335692.
The brokerage association has ASIC in place collateral endowment mandate and abet permit holders to have inner risk government and correct staff training.
Court Cases
During a months of Jan – Feb 2015, a poignant questionable and feign good reviews have been submitted to a Forex Peace Army (FPA).
The plaintiff, Peter Sunardi had submitted a thread to FPA on Dec 27, 2004 and a IC Markets had usually initial responded on a emanate on Dec 10, 2014, citing their final hit was on Dec 23, 2014.
Evidently, Mr. Sunardi had also filed justice cases opposite IC Markets underneath Case ID 2015-004 on Jan 5, 2015 fixing a box as “psunardi vs. icmarkets.com, though a outcome incited to be NOT GUILTY.
Original Court Submission by psunardi opposite www.icmarkets.com:
My Case is: I think icmarket is a scammer by strategy cost to clean out my comment . It happened accurately during 05-12-2014 15:30 .at that impulse 15:29 we saw a cost chf / jpy fell to 123 400 and i know really this span is going to bullish after pitch low. .Then we wait until a cost rises a behind again . accurately on 15:30:00 we buy sum 2 lots (1 lot for hedging my prior trade) during cost 123.659 with sheet no: 6.956600 . my equity still have +/- 800 usd during that time . when i click buy sequence and a trade executed , within 2 seconds precisely during 15:30:02 all trade tighten and domain call .and my sequence is sealed during position 123 400 with 1208.50 usd losses. Then we demeanour behind during my sequence history,i am really astounded apparently my buy sequence execution cost burst above 471 trill .and executed during 124.130 and tighten during 123.400 though i did not see a cost tumble again and not exist in 1 notation graph . we afterwards do a comparison draft chf / jpy on my mechanism with my server in a usa that we also run mt4 software. we see dual opposite charts ( i insert shade constraint for justification ).I had regularly sent email to icmarket ,why this could occur though Mr object choi can not answer technicaly ,Why my trade can sealed during a position that did not exist in their graph .i also have a justification that ICM mt4 server during hongkong dc and categorical server arrangement opposite cost during a same time and chf/jpy span uncover opposite cost during opposite time support during a same time .
However, formed on a accessible evidence, a consult polled opposite IC Markets had 94.0% (47 votes) on Guilty, while usually 6.0% (3) voted for Not Guilty. Hence, a FPA had investigated serve with a brokerage association and has warned traders to equivocate investing in IC Markets until serve notice.
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