IC Markets Liquidity Is The Best In The Market

I've tested in excess of 15 different fx brokers throughout the past four years and to be quite frank there actually has not been a forex broker that has excited me much at all, that's until I discovered IC Markets name being mentioned in an online trading forum.

Before I opened a trading account I dug around to find out more about this Australian forex provider, I discovered they were founded in 2007 by the same team of people responsible for bringing direct market access CFDs to Australia. From what I've discovered direct market access CFDs work in a similar way to what ECN forex does, in that all trades are passed onto Tier 1 banks and settled using a prime broker.

After asking IC Markets a handful of questions on their online chat facility I found that IC Markets aggregates prices from fifty two investment banks and dark pool liquidity sources. They told me that some of their primary liquidity providers were Morgan Stanley, Deutsche Bank, JP Morgan, BNP Paribas, Bank of America, Nomura, RBS (Royal Bank of Scotland) Goldman Sachs, HSBC, UBS, Credit Suisse, Citi Group, Commerzbank, SMBC, SEB, Natixis, Bank of Tokyo, Westpac and Santander. Additionally they informed me that their prime broker who they settle the trades with was Morgan Stanley. For me I'm content to be dealing with a forex provider that uses Tier 1 banks for liquidity and has a AA rated bank like Morgan Stanley as their counterparty.

I was also very pleased with the fact that IC Markets is regulated by AISC in Australia and only banks with 2 of Australias leading banks being Westpac and NAB, both of which have a AA credit rating. As a lot of people know Australia has one of the most stable and dependable banking systems throughout the world all of which survived the GFC without a scrape.

Of course before I opened my trading account I checked IC Markets spreads against the likes of other brokers in Australia and confirmed that they are really the lowest out of all of the Australian brokers and infact the lowest of all brokers throughout the world. Obviously spreads are only one thing to think about, IC Markets also charges a fee but at $3.50 per standard lot it's still the lowest commission rate in the market at the present time.

What I find very nice about IC Markets is that they have a great payment system that permits me to send money to one of their local banking partners in my country (Germany) as opposed to making a wire transfer to their bank in Australia. This feature alone is a huge advantage of IC Markets and other than their tight spreads most likely one of the huge benefits that IC Markets has over other brokers around the world. Sending cash is only one aspect to think about when choosing a forex broker, quite possible the more important aspect is the withdrawal procedure. I've personally made over 15 withdrawals from my IC Markets forex account back to my bank account in Germany and discovered that it's an exceptionally fast process, I usually get the cash in 1-2 days, with many other brokers this takes over one week.

I am able to highly recommend IC Markets to any fx trader out there, they are a reputable regulated fx broker with only Tier 1 counterparties like Morgan Stanley and have a solid reputation in the market for being an honest forex broker who's truly taking care of their clients interests.IC Markets is also the biggest forex broker in Australia which in itself speaks a thousand words. You can evaluate an IC Markets True ECN demo forex account here.