My experience with IC Markets was a nightmare from the start to the end and I still got nothing after spend thousands of rande in fees to get my profit and still got nothing. A trader for IC Markets contact me a while back to trade with them and I told him never in my life again. He asked me why and I told him. He asked for the evidence and I gave it to him. He came back to me and said he found it and he see what happened. He told me a fee (again) must be paid and then my profits will be paid into my bank account. He told me they are busy processing the transaction while we speak and it will reflect in my account. A day later I asked what is happening. He told me I must pay another fee. I then told him it was just another scam by them.
There were some difficulties with the freezing of transactions, but this is in the past. Now in IC Markets both spreads and execution speed are optimal for manual trading. Of course, not all conflict situations, if they arise, will be resolved in your favor. But there was not a single case in almost 2 years of professional trading through IC Markets when the broker refused to consider my claim on certain transactions. The support department is always available and if there is a failure or error, you will be heard. But if you are dumb, draining the deposit, and blame the broker, then you are unlikely to be supported.
Online support, the data from the website, and the email support have different answers to my inquiries. They are not trustworthy. And only wants money from customers. I pulled out my money today. Save yourself from headaches and choose other reliable brokers.
I have been trading with the IC Markets platform for over a year now. I like the broker because it does not limit my trading to currencies alone, but allows me to work with trading indices and commodities. IC Markets has a fairly well-composed training course that allows a novice trader to learn. Also, the advantage of the broker is the relatively fast deposit and withdrawal of funds. I will say that a huge plus of the broker is focusing only on forex services. In management, they know and understand that everything at once means a little and a little bit. There are no binary options, obscure tools and dubious services here. If you need access to the foreign exchange market, then IC Markets provides it in such a quality in which it can only exist now.
IC Markets have agents working for them now to bring new customers in and trade on their behalf, these are paid agents by IC due to higher than unusual spread and pay commissions to accumulate funds and ultimately scoop parts of profits when this company faults. To call it a ponzi scheme maybe too far but as a former employee in Sydney I have personally witnessed gross procedures of funds in accounts that are manipulated. I would never work at such a company again, and the Australian government should do more to protect peoples money. The bottom line is they are not as regulated as people think.
IC Market is so bad when it comes to withdrawal. I made a depost using paypal and visa card. Soon after lot of withdrawal from Paypal, my paypal was disqualified. I can not used my visa card for withdrawal because the bank cancelled my visa card. I used then my bank account for withdrawal but then IC Market just ignored my request. Please stay away from this broker. These broker will try their best to freeze your money by using various delaying tactics and reason.
IC Markets have to be the lousiest fx company of all of them and charge the highest fees, they rob you blind.
Avoid this Broker. From experience if you are succeeding they will definately use some dirty tactics to blow your account. Like the excuse of AML to freeze your withdrawals, prevent deposits even though your bank is OK, excessive spread manipulation, trading against you, screen freeze, price slippage, not putting your trades through to market and much more. You can also check with the UK FCA they are cancelling being regulated by them. I don't trust them. A lot of unregulated behaviour. Hopefully this review will save your hard earned money.
Hi everyone. Please stay away from IC Markets, this broker is not regulated, inspite of what you may see on their website. On August 5, 2022 I sent a wire transfer in the amount of US$400 to IC Markets. It was my first time funding my account and my bank confirmed that the funds did go through. Today is 6 days since the wire transfer and IC Markets accounts team keeps telling me that they have not received my funds. I have checked with my bank again just to re-confirm that the funds went to IC Markets. I sent IC Markets a copy of the wire transaction and they keep saying that they have not received the funds. I am very angry that scammers like IC Markets are allowed to rip people off like this and the authorities do nothing about it. Based on all the stories here, I know that I have lost my money. They are scammers. Please go to another broker such as TD Ameritrade or another regulated broker. We should go to the media to expose them.
Stay away from IC Markets. They are a bunch of thugs stealing your money and giving you false information. They have lots of people talking on emails as well as whatsapps. You request a withdraw but every day there is some new sort of fee as they can block your account.
My money still stuck in IC Markets and yes they have moved all accounts to the the Seychelles to get around FCA regulations, what a scam company. By now we all know the monthly gains are pigeon crap. The daily swaps money on the bottom of the daily reports that are emailed out daily from IC Markets. Well that money is shared out with the fund that brought us in to IC Markets, so win or lose trades, they still get their commission on again any trade win or losing. It's a win/win situation for them and to top it off they are unregulated now and cannot get the money out. Only matter of time now before they go under, I just hope I can get my money out in time.
Should I worry about my money? I put in a withdrawal since 28th April, but I am yet to receive the fund into my bank acc. Have anyone experienced this with IcMarkets? Customer service said 2 to 14 business days. I think is so long.
I have an account with IC markets for 4 years and recently we were all moved to IC seychelles as they could not offer 1:500 for ac holders in Australia which is FCA approved. My deposit was held up sent through banking channel for the past week or so I cant trade and its a significant amount. All the time I chatted with them we are reviewing your documents and all documents are supplied already approved and just delaying deliberately for no valid reason. Please guys start looking at other brokers now since IC is not upto the same standard anymore they were maintaining previously. Their service is so bad and delaying for no reasons. They have my money and they accept they have it and wire transfer was correct but delaying the deposit into my account and not letting me trade.
If you are looking to set up a account with these guys, please be aware, the are not FCA approved and are offshore in the Seychelles. Although they show Australia and federally insured not true. we have taken our money out, We threatened to report them on social media to get our money after trying for quite while. Do your own research, the commission swops are some of the highest around and are usually shared everyday with the person or persons who brought you to IC Markets. They have a terrible customer service and frankly not safe. Beware what you are getting in to before you sign up.
I have been struggling to withdraw my money since 20feb, and support said they can't locate my funds.
I have been so frustrated with the account opening process at IC Markets and their customer service is purely the worst I have encountered in my life. I gave up on it. Looking for better options.
Be warned of their "standard account review process". Everything fine as long as it runs well; but once you get in touch with their "standard account review process"; be warned: they can just 'block' your withdrawal/transfer options without any prior notification. From that moment on, they "hostage" your money as long as you don't meet their needs. Even if you upload the requested documents neatly, there is a good chance that they will not understand the document and ask you for additional information. That's how it went with me. I'm still "waiting" for a week now.
Long story short, leave ICMarkets while you still can. The customer support of this broker is manipulative into proving you are wrong even when they are the ones wrong.
If you think of registering then do not. If you already have ICMarkets account registered, request for it to be closed because they are very manipulative and they "steal" clients funds through slippage. Be careful.
Money in my account stuck, cannot draw out, they are making excuses that this a problem with my bank. IC Markets have now gone offshore and the money is held offshore now in Seychelles, and Belize. If you are trading alone or worse if somebody is trading for you I advise you to try to pull your money out before it's too late. I almost guarantee you they will not have their own money in IC Markets as its too risky and not FCA approved, instead they get a kick back for bringing customers to their door...do your own research like we have, this company is the bottom of the pile of FX brokers. Try getting your money out and see what happens, stay clear of this one as its only a matter of time before the money is swallowed up. I can't even get a call back now.
