ICM Capital iPhone X promotion aims at trader’s bankruptcy

November 21, 2017 | Author: | Posted in Forex & Binary Option

ICM Capital iPhone X promotion aims at trader’s bankruptcy

ICM Capital (icmcapital.co.uk) has launched a new iPhone X 64 GB promotion to attract traders, as terms and conditions set for the promotion aim at exactly trader’s bankruptcy.

According to the terms and conditions set for eligibility, a trader must deposit at least 10,000 USD and trade at least 200 lots with at least 50 transaction orders within a period of 30-days.

So what’s wrong with this ?

To be eligible for iPhone X , traders should trade at least 4 lots per transaction which means 40 usd loss for every pips going the opposite direction with their bid or ask order. therefore a loss of 250 pips, which is not a remote possibility, will be enough to cause the bankruptcy.

Considering this only, we will evaluate the ICM Capital as a cheater foprex broker. We do not recommend this broker to our followers.

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