FXC Markets Review is fxcmarkets.com Scam or Legit Broker

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Legit Broker Review – A true Scam!

Legit Broker Review – A true Scam!

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Last Updated: Aug 30, 2020 @ 12:16 pm

Are you overpowered by the thought that there is a major dearth of reliable binary bots? Well, you are not wrong in this regard and the real issue is that the market is full of trading scams. However, you should not let this idea worry you because you will find reliable bots as well in the market provided you do a bit of research. Here we will make things a bit easy for you by unveiling a major trading scam by the name of Legit Broker which is a binary options trading system that claims to be making use of the best brokers. All you need to do is go through the complete review of this binary bot to know all the details you need.

Legit Broker: Bringing out the reality

Now when we visited the website of Legit Broker, then we were truly taken a bit back. The reason is that the site lacks the basic insight. We felt that the necessary details were not there to convince you that you are moving in the right direction and this is what made us pretty apprehensive. They present the process of joining to be pretty simple. You need to start with joining and funding your trading account. Next you can move to auto trading. However, we feel that this can seriously hamper your learning curve. Moreover, Legit Broker fails to offer any educational material on its respective website.

Now we feel that it is quite easy to list down the names of the best brokers on the website. However, it is quite difficult to prove whether Legit Broker is actually making use of these brokers or not. Currently, the system claims that they offer both auto and manual trading. However, we feel that things are not as simple as presented.

If they truly offer both the facilities, then a demo should have been able available in this regard to prove the point. When you have the access to the demo, then you can figure out yourself if a system is really worth it or not. This system claims that they periodically test the brokers. The question is how. A clear approach should have been presented in this regard.

Next this system claims that they have speedy withdrawals. Well, the reality can only be found out after trying out the system. Now Legit Broker claims that they offer an excellent customer support. However, when we did our bit of research we noticed that the communication options are quite limited when you decide to opt for this platform. All you can do is send an email to the system. Now there is no surety about the fact whether your email will even get a response from the support side. The live chat facility is also not offered by Legit Broker. This was yet another factor that was enough to make us quite apprehensive.

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What we found more frustrating is that the video has a voice over. This means that no one is really taking responsibility of this system and this should be enough to make you upset that you are making the wrong choice when it comes to selecting a trading system. Legit Broker lacks online presence as well. We could not get our hands on any Facebook page related to this platform as well and we strongly believe that it is a reason to worry. The reason is that when the social media presence is there, then you can trust the platform with immense ease. However, it is not the case with Legit Broker.

Another element that we found pretty disturbing is that when you make use of Legit Broker and go for a registration, then it compels you to make a new broker account and you cannot continue with the old one. This means that you have to give an additional amount of $250 when you open up an account with this platform and this is what makes this system quite a bad choice for the traders.

Apparently this system claims to be making use of two trading strategies. One is Trend Trading and the other one is Stoch Trading. The Trend trading strategy seems to be working on the principle of moving average. Now as per this strategy when the price is greater than the moving average, then the asset is assigned an upward trend. If the price is lower than the moving average, then the asset is assigned the downward trend. However, we could not find any verifiable proof how Legit Broker puts this strategy to use.

This binary trading bot seems to be making use of another strategy as well that is Stoch Trading. It seems to be making use of the Momentum Indicator. However, this concept is quite difficult for a new person to understand and we feel that there should have been some more elaboration in this regard to make things simple for the trader.

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Scam personalities behind the system

The worst part we found about this system is that we could not get our hands on any information related to the CEO of the system. You cannot just go with a trading bot if no one is willing to take responsibility. We could not find any testimonials on the site as well. This is what made us feel that this system has not really been tried out by any authentic traders. This is why we strongly discourage the use of this trading system by all means.

Verdict: Legit Broker is a Scam!
Fake website: legit-broker.com

We encourage you to make legitimate choices when it comes to binary trading. This is why Valforex is dedicated to providing you information about scam bots and facilitates knowledge about reliable binary signal services. This is why you need to use your discretion when selecting binary bots to avoid losses.

Pin your hopes on Valforex and trust the information you get about binary systems.

FXC Markets – отзывы

Отклики клиентов компании

Описание:

FXC Markets – брокерская компания, предоставляющая пользователям со всего мира инструменты для торговли на Форексе. Начали работать в 2020 году. Бренд зарегистрирован фирмой BT Systems LTD на Маршалловых островах. Компания предлагает платформы MT4 и Webtrader, а также обслуживание клиентов на нескольких языках мира:

  • русском;
  • английском;
  • китайском;
  • арабском;
  • португальском;
  • испанском;
  • немецком.

FXC Markets отзывы

Данная компания является новым игроком на рынке, поэтому представление об ее честности и прозрачности достаточно туманно. Прежде чем начать работать с этой компанией рекомендуется изучить официальный сайт fxcmarkets.com, отзывы. Несмотря на то, что данный проект не ходит в черный список многих авторитетных организаций, анализирующих данный рынок, в сети распространено множество отрицательных отзывов. Так, многие пользователи пишут, что, сотрудничая с FXC Markets, очень сложно вывести заработанные деньги.

Что предлагает компания

FXC Markets предлагает ряд преимуществ для своих клиентов.

Для обеспечения финансовой безопасности действует система сегрегированных счетов. Это означает, что деньги клиентов хранятся отдельно и не зависят от рыночных колебаний или финансового положения компании.

На сайте присутствует образовательный центр – собственная библиотека, предоставляющая доступ к теоретическим материалам, помогающим вести грамотную и безопасную торговлю. Кроме того, доступна опытная команда консультантов-аналитиков, предоставляющих помощь своим клиентам. Все это очень удобно для неопытных трейдеров.

Пользователи могут сделать вклад на депозит в размере минимум 1000 долларов. Важнейшее преимущество, предоставляемое компанией – возможность проводить финансовые операции различными методами: банковскими переводами, кредитными/дебитными карточками, а также интернет кошельками, такими как Web Money.

На выбор пользователей организация предлагает 2 платформы. Кроме того, доступно мобильное приложение, работающее на всех современных смартфонах.

Вывод

Читайте внимательно отзывы со всех возможных тематических ресурсов, поскольку встречаются как положительные, так и отрицательные комментарии. Существует высокий риск, что данный проект – лохотрон.

Отдельно следует отметить, что FXC Markets не работает в Европейской Экономической Зоне, а итальянские эксперты летом 2020 году уже успели высказать опасения насчет данной компании.

IC Markets Review

IC Markets is an ASIC-regulated MetaTrader and cTrader broker that provides competitive spreads on its commission-based accounts for forex and CFD traders.

Review Sections:

Please Note: IC Markets was not included in the 2020 annual review. As a result, this broker’s ratings may be outdated. Read our Best Forex Brokers 2020 guide for a look at the top rated forex and CFDs brokers.

Founded in 2007, International Capital Markets Pty Ltd (IC Markets) was established in Sydney and acquired an Australian Financial Services License (AFSL) with the Australian Securities and Investment Commission (ASIC) in 2009.

Today, IC Markets offers the suite of trading platform from MetaQuotes Software Corporation, including MetaTrader4 (MT4) and MetaTrader 5 (MT5), as well as the suite of cTrader platforms from SpotWare Systems.

In addition to providing traders 63 forex pairs and 41 CFDs on indices, metals, cryptocurrencies and futures contracts on its available account types, IC Markets also provides social copy trading via Myfxbook and on the ZuluTrade platform.

Is IC Markets Safe?

IC Markets is considered average-risk, with an overall Trust Score of 73 out of 99. IC Markets is not publicly traded and does not operate a bank. IC Markets is authorised by one tier-1 regulator (high trust), zero tier-2 regulators (average trust), and one tier-3 regulator (low trust). IC Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC). Learn more about Trust Score.

Regulations Comparison

Feature IC Markets
Year Founded 2007
Publicly Traded (Listed) No
Bank No
Tier-1 Licenses 1
Tier-2 Licenses 0
Tier-3 Licenses 1
Trust Score 73

Offering of Investments

The following table summarizes the different investment products available to IC Markets clients.

Feature IC Markets
Forex: Spot Trading Yes
Currency Pairs (Total Forex pairs) 63
CFDs – Total Offered 41
Social Trading / Copy-Trading Yes
Cryptocurrency traded as actual No
Cryptocurrency traded as CFD Yes

Commissions & Fees

IC Markets offers three account types in which trading costs vary from commission-free (spread only) on the Standard account to commission-based pricing (spread + commission) on the True ECN and cTrader accounts.

IC Markets also offers further discounts to traders that do over 100 standard lots per month, akin to an active trader offering.

The cTrader account has about a tenth of a pip lower commission than the TrueECN account, making both accounts similar. The main difference is the platform that can be accessed. For example, the True ECN account, which uses MT4, charges $3.5 per side for every 100k units (1 standard lot) or $7.00 per round turn (RT), whereas on cTrader it is $3.0 per side or $6.00 per standard RT.

IC Markets lists its average spread on the EUR/USD at 0.1 pips, and after adding the commission equivalent of 0.6 pips on the cTrader account, the all-in costs would be 0.7 pips (or 0.8 on MT4) which is competitive. IC Markets also offers further discounts to traders that do over 100 standard lots per month, akin to an active trader offering. Meanwhile, the commission-free standard account has an average spread of 1.1 listed by IC Markets, making it a less attractive option compared to the other two commission-based account types.

Feature IC Markets
Minimum Initial Deposit $200
Average Spread EUR/USD – Standard 1.1 (as of May 18)
All-in Cost EUR/USD – Active 0.7 (as of May 18)
Active Trader or VIP Discounts No

Customer Service

For our 2020 Forex Review, 129 customer service phone tests were conducted over three months. The data collected is institutional grade. On average, three questions were asked for each test. To score each test, the tests were divided into three separate groups and scores were given for the time taken to connect with each support representative and the ability of each representative to professionally (and thoroughly) answer each question. A Net Promoter Score was also given for the overall experience.

Results:

  • Average Connection Time: th (43 brokers)

Research

IC Markets combines some in-house research resources, such as multiple technical and fundamental analysis, on its blog every day under its market analysis section, alongside content powered by third parties, including an economic calendar from MQL5 and news headlines from Myfxbook.

Beyond the minimum industry standards, IC Markets also provides social copy trading via ZuluTrade and Myfxbook. For MetaTrader 4, IC Markets provides the Advanced Trading Tools add-on developed by FX Blue LLP.

IC Markets also added EA Lab by Trade View in 2020, which lets users build out their Expert Advisors (EAs) for automated trading on MetaTrader platforms. With EA Lab, traders use a drag and drop feature that removes some of the complexity around understanding code, yet still requires advance technical knowledge.

Besides social copy-trading resources and the platform add-on, research is not IC Markets’ strong point as the broker does not provide pattern-recognition tools or news headlines in MT4.

Feature IC Markets
Daily Market Commentary Yes
Forex News (Top-Tier Sources) No
Weekly Webinars No
AutoChartist No
Trading Central (Recognia) No
Delkos Research No
Social Sentiment – Currency Pairs No
Economic Calendar Yes

Platforms & Tools

IC Markets offers third-party online forex trading platforms from two of the most popular developers, including MetaQuotes Software Corporation – creator of the MT4 and MT5 platforms, and the cTrader platform suite developed by Spotware systems.

While MT4 and MT5 come standard with little variation from broker to broker on the surface of the platform, there can be significant differences in how the platform is set up for trading spreads and commissions, the available execution method, and other tools, features, and administrative areas that can affect your trading experience.

Besides spreads, range of instruments, and account types, here is a summary of the differences in features between IC Markets’ available MT4 and MT5 platform setup and the default MetaTrader experience:

    • MT4 Advanced Trading Tools package offered as available add-on
    • No news headlines stream from top-tier providers
    • EA Lab by Trade View
    • MT4 and MT5 web available

    To learn more about MT4 and MT5, see our guide to MetaTrader.

    IC Markets’ other platform offering centers around the cTrader suite of platforms developed by Spotware Systems. cTrader comes as a web-based version and desktop version for Windows, and the suite includes related trading applications from developers such as cAlgo – used for automated trading – and the cMirror platform for social copy trading.

    In addition to cMirror and the Signals market from Metatrader, IC Markets offers Myfxtrade and the ZuluTrade platforms for social copy trading.

    Feature IC Markets
    Virtual Trading (Demo) Yes
    Proprietary Platform No
    Desktop Platform (Windows) Yes
    Web Platform Yes
    Social Trading / Copy-Trading Yes
    MetaTrader 4 (MT4) Yes
    MetaTrader 5 (MT5) Yes
    cTrader Yes
    Charting – Indicators / Studies (Total) 51
    Charting – Drawing Tools (Total) 31
    Charting – Trade From Chart Yes
    Watchlists – Total Fields 7
    Order Type – Trailing Stop Yes

    Mobile Trading

    IC Markets provides a mobile version of all the platforms it offers, including MetaTrader 4 and MetaTrader 5 and cTrader, all of which come standard for iOS and Android.

    To learn more about the mobile version of cTrader, read our guide to cTrader; for MT4 or MT5, read our guide to Metatrader.

    Feature IC Markets
    Android App Yes
    Apple iOS App Yes
    Trading – Forex Yes
    Trading – CFDs Yes
    Alerts – Basic Fields Yes
    Watch List Yes
    Watch List Syncing No
    Charting – Indicators / Studies 30
    Charting – Draw Trend Lines Yes
    Charting – Trend Lines Moveable No
    Charting – Multiple Time Frames Yes
    Charting – Drawings Autosave No
    Forex Calendar No

    Other Notes

    IC Markets provides execution on an agency basis, which means orders may be subject to positive or negative slippage as there are no re-quotes, and the broker permits hedging.

    . IC Markets has a good range of educational content for beginners.

    In terms of educational content, it is worth mentioning that IC Markets has a good range of content for beginners under its 101 series that ranges from topics such as trading psychology to technical analysis, with nearly a dozen or more articles in each category.

    In 2020, IC Markets expanded the range of cryptocurrency CFDs it offers beyond Bitcoin by adding Bitcoin Cash, Litecoin, Ethereum, Dash, and Ripple.

    Final Thoughts

    IC Markets can appeal to algorithmic traders that use the MT4, MT5, or cTrader platforms, and who need agency execution coupled with competitive spreads and low commissions.

    The standard account would not be my choice as spreads are inherently wider compared to the True ECN account for MT4 or the cTrader account, which is priced slightly better by about $1 per 100,000 units traded.

    Although research is not IC Markets’ strong point, the broker has room to build on its foundation, and offering social trading on Myfxbook and ZuluTrade helps round off its offering to retail forex and CFD traders.

    Methodology

    For our 2020 Forex Broker Review we assessed, rated, and ranked 43 international forex brokers. Each FX broker was graded on 140 variables. Learn more.

    Forex Risk Disclaimer

    “There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.” Learn more.

    Best Binary Options Brokers 2020:
    • Binarium
      Binarium

      Top Binary Options Broker 2020!
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      Free Demo Account!
      Big Sign-up Bonus!

    • Binomo
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      Good Choice For Experienced Traders!

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