This is exactly right, and there’s evidence of it all over the web. Anyone doing even minimal “due diligence” will come to this conclusion.
11 reviews for ICMarkets, 1.3 stars: 'They closed my trades without even taking time to inform me and went ahead to announce that it was technical problems, but i received no compensation and lost so much, trustpilot stop trying to silent me by...
https://www.forexfactory.com/thread/930372-ic-markets-freezing-up
https://www.forexfactory.com/thread/1048260-is-anyone-going-to-ic-markets-seychelles-on
Opening a small account there and withdrawing small amounts tells you nothing much. What matters is whether you can withdraw big profits, if you make them, and you can’t learn that by testing “small scale.” It’s really important for people to understand this clearly.
I wanted to to post the evidences that how this broker cheat and mislead clients and reduced my account leverage from 1:500 to 1:10 and other illegal tricks that they use and how I lost $28000 as a result.
I was wondering if I’m allowed to share these evidences here ?
I’ve already lodged my complaint with AFCA but I wanted to share them with the other traders as well.
Can anyone help me with that please?
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