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A short time ago I was introduced to a forex broker called IC Markets by a friend of mine who operates a booming Sydney based hedge fund. As I am an experienced trader I thought that I’d spend some time doing my research on the company before I open an account so I though that I would visit their offices in Sydney to discover more, I was extremely impressed with what I saw.

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Recently I delivered a presentation in front of a few hundred people at a forex trading seminar in Sydney, just as the seminar concluded I had lots of people ask me which type of forex broker do i need to trade with, a market maker, STP, DMA or ECN broker. To the majority of individuals these acronyms are mystifying, so in this short content I will spend some time detailing the kinds of forex brokers and exactly how they make their money, I am going to then talk about the forex broker which i use and why I favor IC Markets more than any other forex broker.

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