FinFX Or IC Markets Who Is Better?

When it comes to true ECN fx brokers there are actually very few options that expert traders have. Unfortunately the market is dominated my market maker and STP forex brokers and there\’s a great deal of confusion out there on the subject of which fx broker is the best to deal with. After doing some research I have discovered that the best forex ECN is IC Markets True ECN account.

I\’ve completed some testing on IC Markets True ECN trading account and discovered that it has very low latency together with razor sharp spreads. On the list of the main advantages of IC Markets True ECN trading account is that their trade server is found in NY4, which means their infrastructure is very dependable. Their average spreads on EUR/USD are 0.1 pips, which is impressive, personally I have not ever witnessed spreads this tight in the past.

Prices and latency aren\’t the only factors that made me go for IC Markets True ECN account, another main aspect is the fact that they are regulated in Australia by ASIC and bank with very highly regarded AA rated investment banks like NAB and Westpac. There are a few other brokers out there with low spreads but none of them are regulated in Australia. Being regulated also means that IC Markets holds cash in segregated accounts. This is a crucial trait of any regulated broker like IC Markets.

It\’s also really great that IC Markets displays you market depth on their Metatrader 4 trading platform, this is a superb aspect as it lets me know what is on the bid and offer at any time. This information is vital as slippage may be eradicated through knowing what is on the market on buy and sell sides.

IC Markets also offer many of unique funding methods like credit card, debit card, wire transfer and moneybookers. Having a choice of funding method permits me to fund my trading account at anytime without much hastle. Thus far I have not had any problems depositing funds or withdrawing it, it\’s very easy when you understand the process and it only takes 1 to 2 days.

Now it\’s time to inform you about my trading, well my forex trading has been flawless, excellent execution speeds, awesome support and the very best spreads in the market. Of course it is a waste of time just saying this, this is why I recommend that you download a demo trading account any try IC Markets True ECN for yourself. Because you can fund your account with as little as USD $200 you can try them out and if you do not like them you haven\’t lost a great deal at all. It\’s definitely worth trying them.

I should also mention they let you trade micro lots on their True ECN trading account, this is often unheard of. Most brokers make you open up a separate account in order for you to trade micro lots. This is one of their main advantages since you are able to try them out using a comparatively small position size.

In my humble view as a currency trader IC Markets True ECN account is the very best in the marketplace, there are not a lot of brokers that can compete with them on a world scale. Naturally I recommend that you try a couple of different forex brokers before selecting your forex provider however I don\’t think that you can go past IC Markets True ECN trading account.

Looking for an effective IC Markets strategy? Follow this link True ECNfor a brief discussion on strategies and how to develop your own Forex trading system.

FinFX Or IC Markets Who Is Better?