I started foreign currency trading back in 2003 when I opened an account with United knigdom based forex broker Alpari, at the time Alpari was the only company who was utilising the Metatrader 4 platform. I actually required the Metatrader 4 platform mainly because of the platforms ability to run automated strategies which is 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 eighteen months ago I found a small number of other forex brokers that caught my eye.
One of several forex brokers that caught my attention was an Australian established provider called IC Markets, the reason I was interested in this company was because of their ECN or Electronic Communication Network infrastructure which means that I can easily get access to the actual interbank market with a click of a button, this is something that Alpari could not give me nor could any other company in Australia as most of them are market makers or STP providers who simply take the other side of my trade and cash in on 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 liquidity from number of unique sources and I would be dealing with the world’s largest investment banks permitting me to deal on the very best liquidity in the world. The vision of being able to deal on razor sharp prices meant that my automated forex trading plan which revolves around scalping should perform better, there was just one way to prove this and that was to put this broker to the test.
I’m not a inexperienced and gullible trader and I will not believe any sales person, the evidence is in the pudding so I made a decision to open an IC Markets foreign currency trading account to find out just what this ECN technology or ECN bulldust was all about.
I do know this sounds really cheap 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 tremendously impressed with IC Markets pricing and execution speed, most of the time during European hours the spreads that they quote are negative, this in its own regard makes them a far superior 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 boost executing more lucrative trades than ever because of the superior spreads that I can now get with IC Markets.
I’m writing this evaluation not to promote any forex provider specifically all that I can say is that if you want to deal with an ECN forex broker that is headquartered in Australia there really is only one choice and that’s IC Markets. Of course you should do your own homework before choosing a broker, I’ve done mine and I’m pretty pleased with the forex broker that I’ve chosen.