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?

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?