I have been trading for in excess of 12 years so I'd consider myself a veteran trader. Through the years I have dealt with a variety of forex brokers around the world, some good and some bad. After trying more than 16 different brokers I've finally settled on Australia's biggest True ECN forex broker IC Markets.
Over the past three years fx trading with IC Markets I've not had too many problems, trading with them continues to be a pleasure. On the list of the massive advantages of dealing with IC Markets is that they take deposits in 8 different foreign currencies AUD, USD, CHF, JPY, EUR, HKD, NZD and GBP. Having the ability to fund my main account and secondary accounts in numerous currencies aside from USD which the majority of brokers offer means that I don't have to deal with currency risk on my money, the only real risks that I have to deal with are those bought about through my trading, this can be easily be managed with stop loss orders.
An additional great thing about IC Markets is the fact that they also permit you to establish as many accounts as you please, I capitalise on this allot as I prefer to setup my Expert Advisors on different trading accounts with a small balance for testing purposes. Most brokers will not let you create in excess of three trading accounts but IC Markets lets me have as many as I desire.
It's also really good that IC Markets allow me to fund my forex account using Moneybookers. I sporadically use Moneybookers as a backup as it is a very fast method of sending money, a good deal quicker than a wire transfer. As well as Moneybookers they also offer credit card, Wire Transfer, Neteller and Webmoney which means you never really have any issues funding your trading account.
I generally trade using expert advisors this is actually how I got onto IC Markets in the first place. They're the preferred broker for most Expert Advisor vendors as their spreads are razor tight making them great for scalpers like me. I've setup my IC Markets Metatrader 4 trading platform on a CNS VPS in New York, CNS have in place a cross connect to the Equinix NY4 data center in New York which is where IC Markets house their servers. Since there is a fibre optic cross connect in place the speed achievable from my CNS VPS to NY4 is lower than one millisecond.
Needless to say regulation is also extremely imperative. IC Markets is regulated by ASIC in Australia. ASIC is among the list of best regulators in the world and are known to have tremendously stringent compliance processes. I've traded with offshore unregulated brokers in the past and have had problems so I am extremely delighted that IC Markets is regulated by ASIC in Australia.
In addition to forex on their Metatrader 4 platform they also have Index CFDs and Futures. Although I do not trade Indices much at all it's nice to have them on my platform. I mostly use the graphs of the Indices to assist me to decide the direction of certain currency pairs.
Over the past three years fx trading with IC Markets I've not had too many problems, trading with them continues to be a pleasure. On the list of the massive advantages of dealing with IC Markets is that they take deposits in 8 different foreign currencies AUD, USD, CHF, JPY, EUR, HKD, NZD and GBP. Having the ability to fund my main account and secondary accounts in numerous currencies aside from USD which the majority of brokers offer means that I don't have to deal with currency risk on my money, the only real risks that I have to deal with are those bought about through my trading, this can be easily be managed with stop loss orders.
An additional great thing about IC Markets is the fact that they also permit you to establish as many accounts as you please, I capitalise on this allot as I prefer to setup my Expert Advisors on different trading accounts with a small balance for testing purposes. Most brokers will not let you create in excess of three trading accounts but IC Markets lets me have as many as I desire.
It's also really good that IC Markets allow me to fund my forex account using Moneybookers. I sporadically use Moneybookers as a backup as it is a very fast method of sending money, a good deal quicker than a wire transfer. As well as Moneybookers they also offer credit card, Wire Transfer, Neteller and Webmoney which means you never really have any issues funding your trading account.
I generally trade using expert advisors this is actually how I got onto IC Markets in the first place. They're the preferred broker for most Expert Advisor vendors as their spreads are razor tight making them great for scalpers like me. I've setup my IC Markets Metatrader 4 trading platform on a CNS VPS in New York, CNS have in place a cross connect to the Equinix NY4 data center in New York which is where IC Markets house their servers. Since there is a fibre optic cross connect in place the speed achievable from my CNS VPS to NY4 is lower than one millisecond.
Needless to say regulation is also extremely imperative. IC Markets is regulated by ASIC in Australia. ASIC is among the list of best regulators in the world and are known to have tremendously stringent compliance processes. I've traded with offshore unregulated brokers in the past and have had problems so I am extremely delighted that IC Markets is regulated by ASIC in Australia.
In addition to forex on their Metatrader 4 platform they also have Index CFDs and Futures. Although I do not trade Indices much at all it's nice to have them on my platform. I mostly use the graphs of the Indices to assist me to decide the direction of certain currency pairs.
About the Author:
IC Markets truly are a good company and to tell you the truth not one of the providers that I have ever traded with have nearly as good customer support as they do. Their customer support is excellent and together with their fantastic True ECN prices makes them my forex broker of choice.
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