Is IC Markets Forex Better Than Dukascopy?

I have been forex trading for greater than a decade, I first started trading with Dukascopy in Switzerland and just around one year ago I moved over to IC Markets. IC Markets are particularly good to me so it thought it appropriate to share my own experience with them with other fx trader online. To be absolutely transparent I\’m not endorsing any fx broker but rather I am just sharing my excellent experience.

IC Markets is a True ECN forex broker, what this means is that you\’re forex trading in a mini market place. This is incredibly dissimilar to the majority of forex brokers who are 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 – A good number of Market Maker or STP fx brokers impose a constraint of 2 pips or more on your deals, in a True ECN market place there are no restrictions as you\’re trading in a mini marketplace.

3. Ability to Place large trades – There are no limits in at True ECN environment, you can trade any quantity which you see on the market depth, this is a large plus for scalpers.

4. Ability to Place orders between the spread – Which means no longer are you a price taker you can now be a price maker and deal between 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 trading account is the top forex account on the market today, there really is no other Metatrader 4 based forex trading account that has the alike performance and functions as IC Markets True ECN.

IC Markets the corporation itself commenced operations in 2007, the broker is regulated by ASIC in Australia and holds an AFSL. IC Markets banks with a number of the most reliable investment banks in the world including NAB (National Australia Bank) and ANZ Bank with all client money held in segregated trust accounts. The company\’s founders were responsible for the introduction of Forex into Australia in 2003.

What is really crucial to me is latency and server reliability, luckily IC Markets houses 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 means that IC Markets deal execution is less than 30 ms. This makes fx trading on IC Markets True ECN Trading account one of the fastest within the forex world and a large bonus for active scalpers and high frequency traders.

By far one of the best feature of IC Markets True ECN trading account is the fact you can see full market depth, this is of course a world first for any Metatrader 4 broker. I haven\’t seen market depth on any Metatrader platform up to now so it is extremely good that on IC Markets True ECN trading platform it\’s possible see all the buyers and sellers in the market.

IC Markets sets a world number one for ECN dealing with its True ECN trading account with a commission rate of AUD $7 per $100k round turn it\’s also especially well priced. For me I\’d never deal with a Market Maker or STP forex provider again. There are so many benefits of trading with a True ECN broker and the trading experience is actually like no other.

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. You can visit here for True ECN to know more about it.

Is IC Markets Forex Better Than Dukascopy?