With regards to true ECN forex brokers you'll find not many choices that professional forex traders have. Sadly the market is dominated my market maker and STP forex brokers and there's such a lot of confusion out there about which forex provider is the best to deal with. After doing a little research I have observed that the best forex ECN is IC Markets True ECN account.
I've completed some testing on IC Markets True ECN account and found that it has exceedingly low latency along with razor sharp spreads. One of the main advantages of IC Markets True ECN trading account is that their trade server is located in NY4, this means that their infrastructure is very dependable. Their average spreads on EUR/USD are 0.1 pips, which is fantastic, personally I have not ever seen spreads this tight before.
Prices and latency aren't the only factors that forced me choose IC Markets True ECN account, an additional main aspect is the fact that they're regulated in Australia by ASIC and bank with exceptionally trustworthy AA rated investment banks like NAB and Westpac. There are some other brokers out there with low spreads but none of them are regulated in Australia. Being regulated also means that IC Markets holds money in segregated accounts. This is a vital characteristic of any regulated fx broker like IC Markets.
It is also really good that IC Markets shows you market depth on their Metatrader 4 platform, this is a superb aspect as it lets me know what is on the bid and offer at any instance. This information is important as slippage can be eradicated through knowing what is offered on buy and sell sides.
IC Markets also give many of unique funding methods like credit card, debit card, wire transfer and moneybookers. Having a choice of funding techniques permits me to fund my account at anytime without much hastle. To this point I have not had any problems depositing funds or withdrawing it, it is extremely easy when you know the process and it just takes 1 to 2 days.
Now it's time to inform you about my trading, well my forex trading continues to be flawless, terrific execution speeds, awesome support and the very best spreads in the market. Of course it's a waste of time just saying this, for this reason I recommend that you just download a demo account any try IC Markets True ECN for yourself. Since you can start your account with as little as USD $200 you can try them out and if you don't like them you haven't lost much at all. It is definitely worth trying them.
I must also mention that they let you trade micro lots on their True ECN account, this is actually unheard of. Most brokers make you open up a different account that allows you to trade micro lots. This really is one of their main benefits because you are able to try them out with a relatively small position size.
In my humble view being a fx trader IC Markets True ECN account is the very best in the market, there are not a lot of brokers which can compete with them on a global scale. Naturally I recommend that you try a handful of different forex brokers before selecting your forex broker however I do not believe that you can go past IC Markets True ECN trading account.
I've completed some testing on IC Markets True ECN account and found that it has exceedingly low latency along with razor sharp spreads. One of the main advantages of IC Markets True ECN trading account is that their trade server is located in NY4, this means that their infrastructure is very dependable. Their average spreads on EUR/USD are 0.1 pips, which is fantastic, personally I have not ever seen spreads this tight before.
Prices and latency aren't the only factors that forced me choose IC Markets True ECN account, an additional main aspect is the fact that they're regulated in Australia by ASIC and bank with exceptionally trustworthy AA rated investment banks like NAB and Westpac. There are some other brokers out there with low spreads but none of them are regulated in Australia. Being regulated also means that IC Markets holds money in segregated accounts. This is a vital characteristic of any regulated fx broker like IC Markets.
It is also really good that IC Markets shows you market depth on their Metatrader 4 platform, this is a superb aspect as it lets me know what is on the bid and offer at any instance. This information is important as slippage can be eradicated through knowing what is offered on buy and sell sides.
IC Markets also give many of unique funding methods like credit card, debit card, wire transfer and moneybookers. Having a choice of funding techniques permits me to fund my account at anytime without much hastle. To this point I have not had any problems depositing funds or withdrawing it, it is extremely easy when you know the process and it just takes 1 to 2 days.
Now it's time to inform you about my trading, well my forex trading continues to be flawless, terrific execution speeds, awesome support and the very best spreads in the market. Of course it's a waste of time just saying this, for this reason I recommend that you just download a demo account any try IC Markets True ECN for yourself. Since you can start your account with as little as USD $200 you can try them out and if you don't like them you haven't lost much at all. It is definitely worth trying them.
I must also mention that they let you trade micro lots on their True ECN account, this is actually unheard of. Most brokers make you open up a different account that allows you to trade micro lots. This really is one of their main benefits because you are able to try them out with a relatively small position size.
In my humble view being a fx trader IC Markets True ECN account is the very best in the market, there are not a lot of brokers which can compete with them on a global scale. Naturally I recommend that you try a handful of different forex brokers before selecting your forex broker however I do not believe that you can go past IC Markets True ECN trading account.
About the Author:
Do you want to make it big in the IC Markets and want a sound strategy? Follow this link True ECNfor a brief discussion on strategies and how to develop your own Forex trading system.
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