IC Markets Seychelles vs. IC Markets Australia

[deadthing80 26]

Hello, everyone!

My question is whether there is a difference in the security/safety and quality of the broker depending on where their regulating body is located.

It is essentially the same company, but it operates in different jurisdictions (Australia vs. Seychelles).

I'm considering IC Markets Seychelles because I require high leverage on some trading days when I find a killer setup. The leverage offered by IC Markets Australia and other Australian brokers is being reduced. Essentially, it is what EU traders faced in 2018 as a result of the ESMA regulations.

Is there anything else I should be wary of? Any and all feedback on IC Markets Australia vs. IC Markets Seychelles would be greatly appreciated!

[Pickleree 18]

Just now, deadthing80 said:

Hello, everyone!

My question is whether there is a difference in the security/safety and quality of the broker depending on where their regulating body is located.

It is essentially the same company, but it operates in different jurisdictions (Australia vs. Seychelles).

I'm considering IC Markets Seychelles because I require high leverage on some trading days when I find a killer setup. The leverage offered by IC Markets Australia and other Australian brokers is being reduced. Essentially, it is what EU traders faced in 2018 as a result of the ESMA regulations.

Is there anything else I should be wary of? Any and all feedback on IC Markets Australia vs. IC Markets Seychelles would be greatly appreciated!

I'm curious if the withdrawal options are the same......

[deadthing80 26]

1 minute ago, Pickleree said:

I'm curious if the withdrawal options are the same......

I made my first deposit to my IC Seychelles (global) account today. Paypal and debit cards are accepted. Both were immediate. I made a profit trading and requested a withdrawal via Paypal. Let's see if they pay on time and as expected.

[deadthing80 26]

UPDATE: the PayPal withdrawal was successful. It was just as quick as it had been on IC Markets Australia.

[Summon 33]

1 minute ago, deadthing80 said:

UPDATE: the PayPal withdrawal was successful. It was just as quick as it had been on IC Markets Australia.

That's great to hear.

What about the execution? Is it the same?

[deadthing80 26]

1 minute ago, Summon said:

That's great to hear.

What about the execution? Is it the same?

I did not sense any difference

 

 

 

 

 

 

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[DrunkRei 21]

icmarkets.com also provides regulators from Australia and the Seychelles. However, ASIC management will impose strict rules on icmarkets.com. whereas, in the Seychelles, governance is not like that, and it will be easier on the policy of imposition, such as the leveraged policy, which is the current element.

[MeepXx 56]

8 minutes ago, deadthing80 said:

Hello, everyone!

My question is whether there is a difference in the security/safety and quality of the broker depending on where their regulating body is located.

It is essentially the same company, but it operates in different jurisdictions (Australia vs. Seychelles).

I'm considering IC Markets Seychelles because I require high leverage on some trading days when I find a killer setup. The leverage offered by IC Markets Australia and other Australian brokers is being reduced. Essentially, it is what EU traders faced in 2018 as a result of the ESMA regulations.

Is there anything else I should be wary of? Any and all feedback on IC Markets Australia vs. IC Markets Seychelles would be greatly appreciated!

Switched to Seychelles last month & can't tell any difference, withdrawn no probs too.

 

 

 

 

 

 

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[jpane 11]

I've been using IC Markets Seychelles since the beginning; I'd rather open an account in Seychelles than in Australia. I'm not sure why, but I'm glad I can keep my leverage now. I've never had a bad experience with them.

[SubTtena 48]

I have never witnessed such dirty tricks from ICmarkets as I did today, after years of using them. I am extremely disappointed and will discontinue using them this week. Constant slippage, spread widening of 4-5 pips for hours on ECN razor accounts during prime FX market hours...simply unacceptable. AVOID.