I've been operating with ICMarkets for a few weeks and I've noticed something strange in the executions. In times of low volatility, I get negative slippage even with limited commands. Am I the only one or has anyone else seen this?
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I've been operating with ICMarkets for a few weeks and I've noticed something strange in the executions. In times of low volatility, I get negative slippage even with limited commands. Am I the only one or has anyone else seen this?
The exact same thing happened to me. Stop placed with enough margin and still execute me 3-4 pips worse than the chart marks. Something smells weird, and it's not my strategy.
I've been doing well with them for over a year and the executions have been decent. There are bad days, as in all the brokers, but don't crucify them so quickly.
It’s not paranoia. ICMarkets takes time with those micro slides that add up more than they seem. The typical “nothing, only half a pip”... multiplied by 200 operations a month, guess who loses.
I left after a position was closed during a news story... when I wasn’t even operating news! I asked them about the slide and their response was a “it’s the market.” What a standard answer.
And did you try switching servers? Because ICMarkets has different servers depending on the area. Sometimes the problem is technical and not conspiratorial.
Funny, everybody complains when they lose, but when they win, they don't say anything about the broker.
You have to be realistic. If you are in an ECN broker, you have to assume certain slippages. The problem is when they sell it to you as a perfect execution and it turns out that they are scooping you out without you noticing.
I left ICMarkets for that reason and went to Pepperstone. So far, much better in terms of transparency. I wish I had done it sooner.
Well I'm still with them, but I use an EA to measure slippage and latency in every operation. With data in hand it's easier to claim them. Without proof, you're just another whiner.