I have been forex trading for over a decade, I first commenced trading with Dukascopy in Switzerland and just approaching 1 year ago I switched over to IC Markets. IC Markets are really good to me so it thought it appropriate to share my own experience with them with other fx trader on the internet. To be very clear I'm not endorsing any broker but instead I am merely sharing my terrific experience.
IC Markets is a True ECN fx broker, what this means is that you're fx trading in a mini market place. This is very different to the majority of brokers who're either a market maker or STP broker. Trading with an ECN broker is like trading with the Lamborghini of brokers. A few of the key advantages of trading on IC Markets True ECN forex trading platform are:
1. Market Depth - Meaning you can actually see what's on the bid or offer at any specified time and entirely eradicate any possible slippage.
2. No Stop-Loss or Take-Profit order limits - The majority of Market Maker or STP forex brokers impose a constraint of 2 pips or more on your orders, in a True ECN environment there are no restrictions as you are dealing in a mini marketplace.
3. Ability to Place large trades - There are no limits in at True ECN environment, it is possible to trade any amount that you see in the market depth, this is a huge advantage for scalpers.
4. Ability to Place orders between the spread - This means that no longer are you a price taker you can now be a price maker and trade within the bid and ask spread.
5. Ultra Low Latency - With servers in NY4 IC Markets True ECN offers traders with execution speeds of lower than 30 ms.
I genuinely believe that IC Markets True ECN account is the top forex trading account on the market today, there certainly is no other Metatrader 4 based forex account that has the alike functionality and functions as IC Markets True ECN.
IC Markets the corporation itself was started in 2007, the broker is regulated by ASIC in Australia and has an AFSL. IC Markets banks with a number of the most secure banks in the world including NAB (National Australia Bank) and ANZ Bank with all customer cash held in segregated trust accounts. The company's management were responsible for the introduction of Forex into Australia in 2003.
What is very important to me is speed and server reliability, fortunately IC Markets hosts its Metatrader 4 server in the NY 4 Equinix data centre in New York. Its ultra low latency connections to banks and its ECN hub makes ensures that IC Markets deal execution is sub 30 ms. This makes dealing on IC Markets True ECN Trading account one of the best in the forex world and a huge plus for active scalpers and high frequency forex traders.
By far the very best feature of IC Markets True ECN trading account is the fact you can see full market depth, this is for sure a world number one for any Metatrader 4 fx broker. I haven't seen market depth on any Metatrader trading platform in the past so it is extremely cool that on IC Markets True ECN platform it is possible to observe all the buyers and sellers in the market.
IC Markets sets a world number one for ECN fx trading its True ECN trading account with a commission rate of AUD $7 per $100k round turn it is also incredibly aggressively priced. For me I'd never trade with a Market Maker or STP fx broker again. There are so many advantages of using a True ECN broker and the trading experience is really like no other.
IC Markets is a True ECN fx broker, what this means is that you're fx trading in a mini market place. This is very different to the majority of brokers who're either a market maker or STP broker. Trading with an ECN broker is like trading with the Lamborghini of brokers. A few of the key advantages of trading on IC Markets True ECN forex trading platform are:
1. Market Depth - Meaning you can actually see what's on the bid or offer at any specified time and entirely eradicate any possible slippage.
2. No Stop-Loss or Take-Profit order limits - The majority of Market Maker or STP forex brokers impose a constraint of 2 pips or more on your orders, in a True ECN environment there are no restrictions as you are dealing in a mini marketplace.
3. Ability to Place large trades - There are no limits in at True ECN environment, it is possible to trade any amount that you see in the market depth, this is a huge advantage for scalpers.
4. Ability to Place orders between the spread - This means that no longer are you a price taker you can now be a price maker and trade within the bid and ask spread.
5. Ultra Low Latency - With servers in NY4 IC Markets True ECN offers traders with execution speeds of lower than 30 ms.
I genuinely believe that IC Markets True ECN account is the top forex trading account on the market today, there certainly is no other Metatrader 4 based forex account that has the alike functionality and functions as IC Markets True ECN.
IC Markets the corporation itself was started in 2007, the broker is regulated by ASIC in Australia and has an AFSL. IC Markets banks with a number of the most secure banks in the world including NAB (National Australia Bank) and ANZ Bank with all customer cash held in segregated trust accounts. The company's management were responsible for the introduction of Forex into Australia in 2003.
What is very important to me is speed and server reliability, fortunately IC Markets hosts its Metatrader 4 server in the NY 4 Equinix data centre in New York. Its ultra low latency connections to banks and its ECN hub makes ensures that IC Markets deal execution is sub 30 ms. This makes dealing on IC Markets True ECN Trading account one of the best in the forex world and a huge plus for active scalpers and high frequency forex traders.
By far the very best feature of IC Markets True ECN trading account is the fact you can see full market depth, this is for sure a world number one for any Metatrader 4 fx broker. I haven't seen market depth on any Metatrader trading platform in the past so it is extremely cool that on IC Markets True ECN platform it is possible to observe all the buyers and sellers in the market.
IC Markets sets a world number one for ECN fx trading its True ECN trading account with a commission rate of AUD $7 per $100k round turn it is also incredibly aggressively priced. For me I'd never trade with a Market Maker or STP fx broker again. There are so many advantages of using a True ECN broker and the trading experience is really like no other.
About the Author:
Forex and IC Markets are getting plagued with fake ECN brokers, but to be on safe side we must know how to differentiate between a fake and a true ECN. Please visit here for True ECN to know more about them.
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