How is the quality of IC Markets?

IC Markets Broker is a broker with ASIC (Australia) regulation. So far, there haven't been many complaints from clients. Perhaps just normal order issues that occur during high volatility, which are usually quickly responded to and compensated for by the broker. One example is when this broker was reported to have covered 90% of its clients' losses from the SNB incident.

In addition, the advantage of this broker lies in its raw spread. However, a minimum deposit of $200 is required.

Thanks.

If a broker, Pepperstone, ThinkForex and IC Markets. Is it good to trade there? Because I see in the reviews. Including top brokers in Australia. Are there any complaints from previous traders in Indonesia?
Oh yeah, does a broker regulated by ASIC guarantee trading security? Because as far as I know, ASIC is as strong as regulations in major continents such as Europe to America...?
Then what is the Master's recommendation among the three brokers...?

What ECN broker offers the tightest spreads of all brokers....and is of course guaranteed by a reliable regulation......?

@ meka:
Yes, that's right. If the broker is already regulated by ASIC, then security should be guaranteed because ASIC is indeed one of the credible regulatory bodies like CFTC, NFA, FCA, etc.

Both IC Markets, Pepperstone, and ThinkForex are indeed regulated by ASIC. But because their deposit and withdrawal systems still accept e-currency, I think the security is fifty-fifty. It's better to split your funds with other brokers that are also regulated by credible regulators and do not provide deposits and withdrawals from third parties such as e-currency.

@ ian:
For low spreads you can use JustForex or IC Markets. IC Markets has good regulation (ASIC) but the deposit and withdrawal methods can use a third party. If I were to choose, I would prefer security over low spreads, and if I had to choose, I would choose FXCM or Forex.com.

I see that on the icmarkets platform the spread is cheaper than on mt4. What about other broker platforms... those that have their own built platforms...?

You might be referring to the cTrader platform at IC Markets (so far, IC Markets only provides MT4, MT5, cTrader platforms, and social trading platforms such as Zulutrade, Myfxbook, etc.).

This platform is not made by IC Markets itself, but is a product of Spotware Systems, which has advantages in terms of accuracy and execution speed, as well as direct market access. Therefore, it is not surprising that this platform is widely offered on ECN broker accounts, which have lower spread conditions than non-ECN accounts.

At IC Markets itself, the cTrader platform is offered for ECN accounts, so it is reasonable that the spread conditions can be cheaper than MT4-based accounts.

At other brokers that offer ECN accounts, spread conditions are also lower than their non-ECN accounts. It can float starting from 0 pips. However, there are other conditions to consider, such as commissions and a minimum deposit which tends to be larger.

Regarding the size of the broker's spread, its high or low is not determined by the type of trading platform, but by the execution model used. If it goes directly to the market, it is generally lower and follows market prices. Conversely, if it is a Dealing Desk, it can depend on the broker's policies. Whether it's an MT4 platform or not, if a DD broker has a high spread, that rule will apply, no matter which platform the client trades on.