My Take On IC Markets And How They Kill The Rest
Posted by Randy Garvalmer in Uncategorized, tags: business, forex trading, general, marketing, misc, Miscellaneous, news, trading, UncategorizedI started forex trading back in 2003 when I opened an account with United knigdom headquartered forex broker Alpari, at the time Alpari was really the only forex broker who was using the the Metatrader 4 platform. I really required the Metatrader 4 platform mainly because of the platforms capability to run automated strategies that’s how I prefer to trade. I still have my Alpari trading account opened as I prefer to have a backup forex account. However after moving back to Australia 18 months ago I discovered a small number of other forex brokers that caught my eye.
On the list of brokers that caught my attention was an Australian headquartered forex broker called IC Markets, the main reason I was serious about this provider was due to their ECN or Electronic Communication Network technology which means that I can easily get access to the real interbank market with a click of a button, this is something that Alpari could not provide me nor could any forex broker in Australia as the majority of them are market makers or STP brokers who simply take the other side of my trade and cash in on their customers losses, and unethical practice indeed.
After chatting with IC Markets they explained to me that their ECN offering was one of a kind at is aggregates liquidity from variety of different sources and I would be dealing with the world’s largest investment banks permitting me to trade on the best possible spreads in the world. The dream of being able to deal on razor sharp spreads meant that my automated trading plan which revolves around scalping should work better, there was only one way to prove this and that was to put this company to the test.
I’m not a naive and gullible trader and I will not believe any sales person, the evidence is in the pudding so I made a decision to open an IC Markets forex trading account to see just what this ECN technology or ECN bulldust was all about.
I do know this appears really cheap but after six months of live forex trading with IC Markets I will not be looking back and that’s the truth! I have been very happy with IC Markets pricing and execution speed, more often than not during European hours the prices they quote are negative, this in its own regard makes them a far superior broker that every other forex broker in Australia, and there are lots of them. Having razor sharp spreads, combined with the world’s best trading platform Metatrader 4 makes trading with IC Markets a dream for scalpers like me, my EA trading has even had a lift executing more moneymaking trades than ever because of the improved spreads that I can now get with IC Markets.
I am writing this evaluation not to promote any broker specifically all that I can say is that if you are looking to deal with an ECN broker that is located in Australia there really is only one choice and that is IC Markets. It goes without saying it is best to do your own homework before deciding on a broker, I have done mine and I’m pretty pleased with the forex broker that I have chosen.
There is no doubt that forex is good. Our website discusses a lot more about forex trading
Entries (RSS)