Has anyone decided to transfer their account from IC Markets AU to Seychelles? I’ve been using them for the past 2 years and contemplating whether I should move to keep a higher leverage or stay with the Asic regulated entity for safety?
I have Live Accounts under both ASIC (Leveraged limited end of March) and under SFCA…
I expect a variation in spreads… But I’ll be interested to see how close they can keep the price feeds across both jurisdictions. It will be good to possibly be able to hold these bozo’s to account during any gameplay.…
Has anyone here made the transfer offered by IC Markets to their Seychelles entity though?
If so, why? And do you feel it will still be safe even though it’s under a different regulator than ASICS. In this case the FSA.
Not that I have tried it but surely with under different regulation from the same broker would not impose any issues, would it?
You can always try contacting their support.
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Yea I agree, contacting their customer support would be quickest way to solve your problem. Keep me updated on this. I am curious about this regulation process.
Well I’ve decided to make the move and migrate my account to IC Markets Global under Seychelles FSA regulation. Apparently the service will remain the same no need to change cTrader server which is my platform of choice, but the MT5 server will change.
I’ll get to keep the higher leverage and client funds will remain under the same banking institution. Although the trade off is you lose ASIC protections like the newly proposed negative balance protection and compensation schemes.
Just in case a kept my account with another broker Pepperstone under their ASIC entity and I also have other brokerage accounts with different regulators like one in FCA and another with IFSC.
I sure hope though I don’t need to change IC Markets because so far they’ve been my top favorites especially when it comes to trading conditions and the amazing cTrader experience I had when compared to MetaTrader.