Jan
24
2012
Why IC Markets Ecn Technology Kills The Rest Hands Down
Author: adminI commenced forex trading back in 2003 when I opened an account with United knigdom based forex broker Alpari, at the time Alpari was the only real company who was using the the Metatrader 4 trading platform. I really wanted the Metatrader 4 platform primarily due to the platforms ability to run automated strategies that’s how I prefer to trade. I still have my Alpari account opened as I prefer to have a backing forex trading account. However after moving back to Australia 18 months ago I found a number of other forex brokers that caught my eye.
On the list of brokers that caught my attention was an Australian based company called IC Markets, the reason I was keen on this forex provider was because of their ECN or Electronic Communication Network infrastructure which means that I can get access to the real interbank market with a click of a button, this is something that Alpari could not provide me nor could any other forex broker in Australia as most of them are market makers or STP providers who basically take the other side of my trade and benefit from their customers losses, and immoral practice indeed.
After talking to IC Markets they explained to me that their ECN offering was one of a kind at is aggregates prices from variety of different sources and I would be dealing with the world’s leading banks permitting me to trade on the best possible spreads in the world. The vision of being able to deal on razor sharp spreads meant that my automated trading plan that revolves around scalping should work better, there was only one way to prove this and that was to put this company to the test.
I’m not a inexperienced and gullible forex trader and I will not believe any sales person, the proof is in the pudding so I decided to open an IC Markets foreign currency trading account to find out just what this ECN technology or ECN bulldust was all about.
I know this appears really tacky but after six months of live forex trading with IC Markets I won’t be looking back and that’s the truth! I have been extremely happy with IC Markets pricing and execution speed, normally during European hours the spreads they quote are negative, this in its own regard makes them a far superior forex broker that every other forex broker in Australia, and there are many of them. Having razor sharp spreads, combined with the world’s best trading platform Metatrader 4 makes trading with IC Markets a dream for scalpers like me, my EA trading has even had a lift executing more profitable trades than ever due to the superior spreads that I can now get with IC Markets.
I’m writing this evaluation not to advertise any forex broker specifically all that I can say is that if you wish to deal with an ECN broker that is headquartered in Australia there really is just one choice and that’s IC Markets. Of course you should do your own homework prior to picking a broker, I’ve done mine and I’m pretty happy with the forex broker that I have chosen.