Thank you Xtrader101, I just followed up in this thread.

IC Markets margin call

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IC Markets margin call

So it has been a whole week of waiting for IC Markets to give us a fair fix on our balances that got wiped out because of erroneous prices and fills after the CHF announcement. I am one of those that got stolen for literally thousands of dollars ...

IC Markets

Wonderful. I am one of these clients that got slammed by wrongful margin calls caused by IC Markets' CHF spreads reaching thousands of pips - literally. We got left hanging with no refund or any answer to our queries for a whole week, because ...

IC Markets - public statements vs individual traders

USD/CHF never went this low anywhere, whether it is brokers or institutional benchmarks. I posted a picture on another thread of spreads reaching 2,400+ pips on EUR/CHF at IC Markets. It should be the same mayhem for USD/CHF. Their IT systems broke ...

IC Markets Price Discrepancy

This is exactly a case of what I explained earlier. At worst, you should have been your own counterparty (you buy and sell at the same price). But they cannot only stand on the offer side of a trade which is BOTH executed above your SL and your TP. ...

IC Markets margin call

These are the prices at which trades took place according to Bloomberg. No matter where erroneous bids were, the actual market and trade matching was made at the above levels. No lower.

CHF Black Swan - Show your Broker's Spike

And 48 hours takes us AFTER the ECB announcement. So basically, we cannot control the risk on our EUR/CHF positions until after they are reinstated. That's fantastic.

IC Markets margin call

EUR/CHF, of course, never went to 1.33. It is not my opinion, it is just a fact taken from the most recognized LP composite sources used for interbank trading. Here is Bloomberg BGN snapshot.

CHF Black Swan - Show your Broker's Spike

The actual low is close to 0.8517 as shown by Bloomberg BGN. I could obtain a snapshot from a terminal. This value is well documented across other data providers such as Reuters EBS, other brokers, specialized websites and the financial press. The ...

IC Markets - public statements vs individual traders

That's awful. How can they justify that their LP's provided an offer for you to buy above your TP AND still were not able to provide a bid to flip the position above that same TP instantaneously? The worst case scenario is that you should be your ...

IC Markets

Then close your positions.

IC Markets

And you know the worst part? Let's assume that they finally decide to reimburse the money that their IT systems allowed to be stolen for a minute. It has almost been a WEEK now that these positions which were wrongfully liquidated - and that should ...

IC Markets - public statements vs individual traders

Slippage was expected in this environment and could well have triggered a margin call. The real question at stake is "Have you been executed at an interbank quote that actually traded elsewhere than their servers?". I could help determine whether ...

IC Markets margin call

I am in the same boat as you Mess7777. In my case, getting margin called at a EURCHF price that never traded anywhere else on the planet but their servers. Frankly, coming forward on the same day acknowledging their IT mess with their LP's seemed ...

IC Markets - public statements vs individual traders

Yes, affected traders did on the same day this mess happened. Inquiries with their Support Team have also been picked up accordingly. But so far, no resolution or follow-up.

IC Markets margin call

Here you go. Some brokers had volatility kill switch protocols that prevented any LP's from displaying bad quotes, or they ended up blocking trading in the pair altogether. IC Markets obviously had no such protocol in place. The good thing is that ...

IC Markets

IC Markets certainly offers the tightest average spreads around, but "average" is certainly not the single most important measure when assessing spreads. Spreads during the Asian session and especially Maximum spreads under news stress are at least ...

IC Markets

The only CHF related notice from Axitrader to my knowledge was about widely adjusted CHF swap rates, which is logical.

Axitrader feedback, anyone?

Then explain why IC Markets and many other brokers spontaneously sent an email notice to their affected clients talking about "wrongful trades" at "erroneous prices". Price spikes on Thursday were outrageous. Twenty to thirty handles deviation from ...

Call for Regulations regarding Liquidity Providers