IC Markets Slippage Grey Hairs - Page 3
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Thread: IC Markets Slippage Grey Hairs

  1. #21
    Quote Originally Posted by ;
    Slippage is nothing new with those brokers such as IC Markets or some of these tiny deposits-huge leverage brokers because they are NOT actual ECN brokers. They claim they are STP, DMA, agency-model, ECN or some of these terms but in fact they are nevertheless MM brokers in disguise. They stand in between you and the liquidity suppliers and do not actually send your orders directly into the liquidity suppliers to be executed. I really don't know exactly how they operate but I suspect that when you put in an order, you're really trading on some type of inner...
    Thanks a lot for the answers.

    I have before also used IB, and yes their platform is not to user friendly!

    I will keep digging

    PC

  2. #22
    Quote Originally Posted by ;
    quote Thank You a lot for the Answers. I've before additionally used IB, and their platform isn't to consumer friendly! I keep digging PC
    then you're ready to move on the bigger leagues afterward LOL

    The next level of brokers for you is LMAX, LCG and Baxter-FX then. I haven't traded with some of them as their min. Startup balance is far too much for me but Interactive Brokers does have among the smallest slippages.

    Good luck!

  3. #23
    Quote Originally Posted by ;
    quote Interactive Brokers does have among the smallest slippages.
    Agreed, sadly IB also has got the worst potential rollover interest rates on the market so I would only use them in pure scalping / day trading settings.

  4. #24
    I've got the identical problem together!
    Iam scalping like you do.
    I put my pending order and also have udines EAs handling the transactions...

    Had a trade couple of minutes back on EU. Quiet market hours, impending was place at 1.0877 along with the order got filled at 1.0876.
    When it got triggered the right price I'd have gained a nice and smooth TP, but instead I ended up (fortunate) at BE commission...

    I had a chat with the support team, but they actually don't care about the issue!
    They're attempting to tell me that my EA (that can be running on my account) is setting up these pendings and bla bla bla...

    So Iam also assessing new brokers.
    On my listing are JFD Brokers (min deposit $500), ActiveTrades (min deposit $100), Tickmill (min deposit $100) and Sensus Capital Markets (min deposit $1000)

  5. #25
    Quote Originally Posted by ;
    quote Agreed, unfortunately IB also has got the worst potential rollover interest rates in the industry so I would only use them in pure scalping / day trading settings.
    Yes they pay $2 for a Extended rolled over AUS position LOL, lowest in forex market I believe. For that they might as well keep it. LOL

    I am curious though how do you scalp using their TWS? It's horrible and slow and error-prone!! I just mostly swing-traded or traded news when I was with them for that I needed to be extra cautious before I placed in a transaction.

  6. #26
    Quote Originally Posted by ;
    I've got the same problem together! Iam just like you do scalping. I set my pending order and have udines EAs managing the trades... Had a commerce couple of minutes ago on EU. Quiet market hours, pending was place in 1.0877 along with the order got stuffed at 1.0876. As it got triggered the ideal price I would have gained a nice and smooth TP, but instead I ended up (fortunate) in BE commission... I had a chat with the support team, but they really don't care about the issue! They are trying to tell me that my EA (which is also running on my account) is setting...
    All those are largely likely to be the same as IC Markets, MM brokers posing as STP/DMA/ECN/Agency-model brokers simply by their low deposit demand and probably significant leverage. Not to discriminate them anything but there is just simply NO WAY that you can participate in the market with only low deposit however high the leverage is. So most probably your trades will be implemented by those brokers themselves on their internal ECN, hence the very same troubles, slippages and etc..

    To trade on the true ECN with comparatively low slippage, you want to put in a little more income.

  7. #27
    Quote Originally Posted by ;
    quote All these are mostly going to be the same as IC Markets, MM brokers posing as STP/DMA/ECN/Agency-model brokers by simply their low deposit requirement and likely higher leverage. To not discriminate them or anything but there is just simply NO WAY that you can participate in the market with just low deposit however large the leverage is. So most probably your transactions are going to be implemented by these brokers themselves in their internal ECN, hence the same troubles, slippages and etc.. To trade on the true ECN with relatively low...
    I stick to the exact same opinion really. However, what you think about the reasonable funds to combine interbank? 10K? Or a bit more?
    I am currently with Tickmill are they in precisely the exact same mould as IC? Still unsure about these, although great that they has comission that is reduced. .

  8. #28
    Quote Originally Posted by ;
    Hi there, I'm getting grey hairs over IC Markets. I mean grey. I exchange standard lots and use pending orders at amounts (). I presumed IC Markets was suppose to be a direct ahead broker and hence I've been with them sometime trading an ECN account. What I see day in and day out is that 90 percent of the time that I get slipped real poor (2-3 pips) and (strange enough) consistently in the favour of IC Markets, meaning 90% of my transactions I loose gain or more less than that I should have. I am not speaking about news events, large volatile trading etc....
    Hey pipcruiser,
    I had in mind that I have a pending order script somewhere on my harddrive which pops concealed pending orders.
    Maybe this is a little way to solve the problem we have with ICM...

    Iam attaching the script for this post, download it and put it into your script.
    I shall test it if it is functioning better or slippage is going to be the same.

    Have a wonderful weekend all together
    https://www.forexforum.co.za/attachm...1213973806.ex4

  9. #29
    Quote Originally Posted by ;
    quote I stick to the same opinion actually. However, what you consider the sensible capital to join interbank? 10K? Or a little more? With Tickmill are they from the exact same mold as IC I am now? Unsure about them, although good that they has comission that is reduced. .
    I will tell you any time when you find a broker is anything the following, it is 99.99999999999% a MM broker nevertheless posing as STP/DMA/Agency Model/ECN broker:

    Beginning equilibrium in the hundreds: $400, $200
    Super-high leverage: 400 into 500:1
    Offers MT4 even as ECN

    so that I will allow you to figure out if Tickmill is a REAL ECN or a MM posing as ECN

    Again I am NOT attempting to discriminate against these brokers. Just because it is a MM broker it doesn't mean they are always bad. There are plenty of MM brokers that are OK . however, it's an issue due to their transparency and truthfulness in their advertising. If they are MM in their performance, they should just come out and say it like Oanda, FXCM and CMC and NOT hide behind the ECN manufacturer and just disclose in their PDS. There's ABSOLUTELY nothing wrong with brokers such as Oanda, FXCM and CMC; plenty of traders trade with them and they are fine with it. In fact, I understand a trader who left IC Markets for CMC.

    For trading on the interbank market, considering the standard contract size to the interbank market is $100K and it is prudent not to have too high leverage, so with approximately 50:1 or maximum 100:1 leverage such as from UK, you are looking at 100,000/50 = $2000 offer and take rooms for price movements for multiple lots in case you want to exchange them, then you are looking at $10K AT LEAST.

  10. #30
    IC markets charge huge swap on inventory index. There is no way to trade stock index together with IC markets.

    FXCM has 10 pips difference between the price on the chart and also the market watch. Buy stop and sell stop orders dependent on the chart can be screwed up. Other brokers also introduce a gap between the chart and the true market price to cheat on traders, but not as wide as 10 pips. This 10 pips might cause sudden stop loss and in the long term a significant deal for traders and the brokers. Traders's loss is brokers' profit.

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