iTrade Capital Markets (ICM)

[wmcindia]

Any idea/reviews about this broker? Which offers wintrader and mt4 platform.

wmcindia

[bptrader72]

I have traded on ICM's WinTrader (ICTS) platform for about a month now and the experience has been great. Pretty much just GBP/USD and gold, but they seem to have automated dealing (instant execution) and withdrawing funds has always gone smoothly. Would be interested in hearing other traders' feedback on this broker as well.

[white9horse]

The company is a real SCAM company ... stay away
they are a thieves the manually adjust your account equity if you have profits and give you any reason to do so , you are not allowed to win 1 $ the trade is one way (LOSE AND ONLY LOSE) They said in their website that they have a guaranteed fills ! And this is not true even 1% . If you have profits they will send you this!!!!!!!!!
(As per section 10, paragraph 'd' of your Risk Disclosure Statement:
"Should quoting errors occur due to a dealer's mistype of a quote, errors in an automatic price feed, or an erroneous price quote from a dealer, such as but not limited to a wrong big figure quote, ICM will not be liable for the resulting errors in account balances. ICM reserves the right to make the necessary corrections or adjustments on the account involved.")
So you will never know what they can do any time they want !!!!

And when I reviewed their Registration number 1524526 it is false as the offcial web site of The British Virgin Islands Financial Services Commission (FSC) Website: bvifsc.vg
as the following ….

ADVISORY WARNING
ITRADE CAPITAL MARKETS LTD.
The British Virgin Islands Financial Services Commission (FSC) is issuing this Advisory Warning under Section 4 (1) (l) of the Financial Services Commission Act, 2001.
The FSC wishes to inform the public that iTrade Capital Markets Ltd. is not licensed to carry on financial services business in or from within the Territory. Members of the public are therefore advised to exercise extreme caution in conducting any transactions with iTrade Capital Markets Ltd.
Signed:
Robert A. Mathavious
Managing Director/CEO
British Virgin Islands Financial Services Commission