IC Markets Is The Worlds Number One Forex ECN

It is extremely exciting for me when I write about a forex broker that I am glad to trade with, regrettably I have had a variety of bad experiences in the previously until I found IC Markets True ECN trading account. I didn't know what to expect when I initially opened my account with IC Markets however I promptly found that I was trading with an extremely professional forex provider. The main reason that I chose them was because of their prices however it was also extremely crucial to me that I deal with a regulated forex broker that's why I opened an account.

IC Markets is regulated by ASIC in Australia, this is a huge bonus for me as it is crucial that you trade with a provider who has big brother watching over them. Another major advantage is that they hold all money in segregated accounts with AA rated banking institutions like NAB and Westpac, they are largest banks in Australia.

Aside from IC Markets regulation their True ECN trading account is simply a mind blower. I have never seen EUR/USD spreads as tight as theirs they have an average spread of 0.1 pips. When you combine this with a commission rate of AUD $7 per 100k round turn you undoubtedly have one of the most impressive True ECN offerings on the globe.

Of course execution speeds are a significant requirement if you're scalping . I'm very happy that IC Markets has its server in the NY4 Equinix data center in New York which means that latency is very low. NY4 is where most financial institutions also host their servers it is because of this that trading with a forex broker who has its server in NY4 is a big advantage.

I had never experienced market depth on Metatrader 4 before I started fx trading with IC Markets, they are surely the only real forex broker that I've discovered that has market depth on their fx trading platform. Market Depth makes a tremendous difference to my fx trading since it permits me to see what exactly is on the bid or offer at any given time thus eliminating any slippage problems that may occur with fx brokers who have tight spreads.

Every now and then I also love to trade micro lots, I don¡'t know of any other broker in the world that enables you to buy and sell any lot size on the same trading account. IC Markets lets me place trades as small as 1000 and as large as I want, this naturally this will depend on what I can see in the market depth on IC markets True ECN platform.

I've also discovered that IC Markets has several really convenient funding methods. I deposited money into my account using Moneybookers, my trading account is based in EUR, the money hit my trading account in 24 hours. I've also made a number of margin call repayments by credit card with no troubles at all, the money was in my trading account within 2 hours.

So all in all I'm a really happy client of IC Markets and really I'm really happy that I chose them out of all of the other Australian regulated fx brokers that I could have chosen. I'm not sure that there is a better forex broker in Australia at the moment.

Why Many Forex Traders Fail

Forex is probably the most popular financial market. It is one of the fastest growing markets when it comes to money. It involves trading between different currencies and this process can be done online. It is very convenient so manyPeople are encouraged to join the trade.

foreign exchange trade offers a lot of convenience being an online market. This makes it accessible for traders at any time of the day wherever they may be. Plues everything that a trader would ever need is also available through the internet. This is the reason why some people even make the trade their source of income. Instead of getting employment they simply invest and manage their own funds.

Yet there are also some downsides to it. A lot of risk is involved in forex trading so much that if you don't manage it well you will lose a lot.

Like all other investments it needs proper planning, analyzing and decision making. Because it is online it means that anything can happen at any time of the day. This means that every trader should have the tools to monitor these changes. This may be charts or other records.

Aside from the fast changing nature of the trade there are also a lot of external factors that influence currency values such as economic and social climate of countries. This is also one thing that traders should keep track of.

Yet all these would be useleff without analytical tools that would process data into valuable information. Some tools also help predict currency behavior through these data.

The most important thing you need to note in forex trading is to look for a good broker to provide you with all the tools and guidance that you will need.

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