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Forex Trading

Go Markets, IC Markets Or Axitrader, Forex Titans

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I was looking the internet the other night in search of a fresh forex trading expert advisor and by chance I discovered a webpage that listed all the forex brokers in Australia. I did a quick calculation and found that there are in fact twenty six fx brokers in Australia, a complete joke for a country with a population of only twenty two million people. Why Australia I questioned myself, is it the nice weather conditions or the fact that Australians are punters? Who knows and who cares, at the end of the day now all Aussies have variety and that’s what counts.

With all of these brokers to select from I decided that I’d take the leading 3 providers in the nation and position them side by side. A few of you could possibly ask why I would only select the top 3 brokers. Well the simple response to this is that many of the other brokers on the list in my view are not worth trading with anyway. Some of you will argue that this is only my judgment and because all of the brokers are not included in this review it is bias, now that could be possible that’s why I ask you all to carry out your own personal evaluations as well.

So here’s my unbiased evaluation of who I think are the top 3 fx brokers in Australia. Before I get into it, it must be noted that each of these fx brokers were given a rating in three straightforward categories. The categories that I selected were, service, price and order execution speed. The brokers that I reviewed were Go Markets, Axi Trader and IC Markets, all three forex brokers are recognized Australian headquartered fx brokers. I ought to also point out that just one of these fx brokers is a real ECN broker the other 2 are market maker brokers. It’s also worth mentioning that I carried out this assessment over a 2 week period and deposited $1,000.00 into a trading account with each one of these forex brokers.

Service Go Markets = The service that I experienced whilst trading with this forex broker was not as terrible as what the feeling various forum posts that I had read created. They were polite and very ready to lend a hand, they even rang me within one hour of me submitting my account application to let me know what to perform next. One thing that I’ll say is when I asked their support staff regarding market related questions it sounded like they were way out of their depth. All in all though if you’re a DIY trader Go Markets service does the job. I am giving them 4 stars for their service.

Axi Trader = I knew little about this broker going into this review, however I immediately came to realise that this broker really didn’t want my business. I opened an account on the web and it took them two days to get back to me, some five days later the trading account documents were submitted, this was a tell tale indication that this forex broker really didn’t care. One evening I called them to ask several support queries only to be told that I couldn’t chat to anyone and I ought to call back in one hour, luckily my questions didn’t relate to an existing open position. There were also a few pricing discrepancies that I questioned them about which they could not answer. I think you get my point, I am giving Axi Trader 2 stars for their service.

IC Markets = I first heard about this forex broker a while ago when they released the first ECN forex offering in Australia so I was pretty excited about opening a trading account and giving them a go. The process was somewhat painless, I managed to open an account in a couple of minutes with a sales rep calling me almost immediately after to direct me through the rest of the process. Their representative was especially helpful and polite on the phone during the whole process. After trading for a few days I thought that I would test them with some market related and Metatrader 4 technical questions, much to my amazement the support person knew what I was talking about. It quickly became clear that this company employs traders not telesales people. Chatting to someone who trades was a refreshing change for me. I can not help but give IC Markets 5 stars for their service.

Pricing Go Markets = Over my two weeks of fx trading and keeping track of Go Markets prices I shocked to see that there was such a lot of discrepancy in the prices offered, this largely occurred in EUR/USD. In the same foreign exchange pair I saw two spread blowouts and a number of unusual spread variations which weren’t present on the other forex provider platforms. Although I have experienced much worse over the last seventeen years of forex trading, I wouldn’t suggest Go Markets to anybody who’s seeking to scalp the forex market because spread blowouts are extremely concerning. Unfortunately, I can only give Go Markets one star for their pricing, it is a real pity as I found their customer service was well above par.

Axi Trader = Axi Traders pricing was actually better than what I had thought, this came as a real shock to me given their poor level of service. Their EUR/USD pricing was good given that they’re a market maker broker, though I did notice that the pricing on many of the exotic CHF and NZD based pairs left quite a lot to be desired. I didn’t notice any extreme pricing blowouts during my two weeks of testing however I have heard from other people that this is a real problem with Axi Trader especially in the exotic foreign exchange pairs. If your trading EUR/USD Axi Trader is not too bad it is only whenever you venture outside this pair expect to see some rather ordinary pricing. I’d give Axi Trader 3 stars for their pricing as they failed to impress me on the exotic foreign exchange pairs.

IC Markets = IC Markets were really the only genuine ECN forex broker out of the 3 tested, this being the case I expected allot from this broker, and they delivered. After two weeks of trading with this broker I was hooked, their pricing with the commission charges added across all the main currency pairs was anywhere between 20-50% superior than that of the other forex brokers trialled. There were even occasions where I observed negative and zero spreads. If you compare Go Markets and Axi Trader who’re both market maker brokers to a true ECN broker you can really see the price differences, this not surprisingly translates to a significant advantage when you are trading actively and scalping the market. Indisputably IC Markets gets five stars for their pricing and takes the cake on the price front.

Order Execution Speed Go Markets = Because I was conducting this investigation from Australia I thought that Go Markets execution speed would be the best of the batch without a doubt. Like every one of the forex brokers trialled I pinged their servers in addition to timed my trade reporting fills using a simple expert advisor set up on my Metatrader 4. Go Markets execution speeds weren’t as fast as what I initially thought reporting a 400 millisecond delay. As a discretionary forex trader this speed would be good enough, however if you are using an expert advisor the quicker the execution the better. Go Markets receives 3 stars from me for their execution speed.

Axi Trader = I pinged Axi Traders Metatrader 4 server a number of times and every time I got separate results. I found this behavior rather bizarre and after some homework I discovered they were using multiple servers with unreliable connection speeds, a bit of a nuisance actually. To be fair I made a decision to take the average execution speed that I managed to achieve. On average their execution speed was 330 milliseconds. I was very disappointed with the inconsistent connection speeds achieved with Axi Trader this would especially effect anybody who’s using an expert advisor. Axi Trader gets 1 star for their unpredictable execution speed.

IC Markets = Normally the execution speeds of ECN broker platforms are somewhat slower that those of market maker brokers, the reason for this is because trade fills must be confirmed by other contributors in the ECN network. It was because of this that I expected the execution speeds of IC Markets platform to be the slowest of the lot, however the outcomes of my testing were a pleasant surprise. The average execution speed was 183 milliseconds, twice as fast as Go Markets and 1.8 times quicker than the speeds achieved at Axi Trader. I was very impressed by IC Markets ECN execution speeds especially given I had gone into this assessment thinking that they might be the slowest forex broker of the group. IC Markets will get five stars and wins the speed test by a big margin.

Conclusion Go Markets are a pretty good forex broker if your brand new to forex trading and want to get your feet wet, their service is great but you may be dissatisfied by their pricing and execution speeds, not much of a problem if you’re a long-term trader but not so good for scalpers and EA fx traders. Axi Trader is good for infrequent forex traders, their prices are a little better than the average broker but they are let down by their weak service and completely unreliable execution speeds. IC Markets were the broker that actually stood out from the group, their service was excellent, coupled with the best pricing that I’ve ever observed and lightning fast execution speeds makes them my number one pick of these three Australian based brokers.

To know more about forex trading, visit our website forex trading and IC Markets

Forex Trading

Forex Insights At IC Markets And Vantage FX

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There’s a lot of forex brokers in Australia, a few are white label forex brokers and others are core forex brokers. The two newest fx brokers to hit the foreign exchange scene in Australia are IC Markets and Vantage fx as I am always interested in trying new forex brokers I thought that I would check out both of these firms to find out what all of the fuss was about.

Before I share my analysis with you I thought that I would let you know that both brokers use the Metatrader 4 platform and have quite tights prices, however IC Markets is a real ECN forex broker and Vantage FX is a market maker broker. Being a market maker broker isn’t a problem so long as the broker doesn’t play games with the prices when you start making money, however unfortunately this is a huge problem with most market maker brokers.

After trading using the Vantage Fx live trading platform for 2 months I found that their prices were reasonable and stayed somewhat tight during news announcements. One thing that did annoy me was that when I attempted to trade any quantity larger than two standard lots their execution speed would drop significantly, it was as if my order was being sent to a dealing desk to be manually filled. When trading sizes of less than one standard lot I didn’t have any problems whatsoever though I am positive that if I commenced to make money my execution speeds would have been slowed down no matter what. The Vantage fx trading platform is Metatrader 4 so this is a really a huge advantage for the company as I am able to utilize my expert advisers without any issues. Their server appears to be fairly reliable and didn’t disconnect me all the time which was on the list of huge issues that I’ve had with a number of the other Metatrader 4 forex brokers in Australia in the past.

I discovered the service at Vantage fx to be pretty average, they were able to assist me with a good number of things, however they do rely on their clients being familiar with Metatrader 4 and don’t help a lot with the initial platform setup, this could be an issue for new forex traders who are not familiar using the Metatrader 4 platform. I tried to get in touch with them after-hours on several occasions and seemed to get through to the exact same drowsy and ill-tempered guy each time, he wasn’t very helpful at all. After hours support is certainly not this fx brokers expertise.

IC Markets also use the Metatrader 4 platform which is of course a huge plus for them also, one of several attractive aspects of this broker is that they’re a true ECN broker which is unlike nearly all other Australian brokers. After 2 months trialling this broker, every time I traded I continued to be amazed at the spreads they were showing me. I had always heard that ECN forex brokers were able to show better spreads than their market marker colleagues, however I did not realize that the spread differences could possibly be that substantial, I was often able to deal on Zero spreads on IC Markets Metatrader.

I had found several forum posts stating that the execution speeds of a few ECN fx brokers can be slower as deals must be confirmed within the ECN market place before they are executed. Over my two months of trading with IC Markets I did not notice any latency problems at all, my deal execution speed was in fact quicker with IC Markets than with Vantage FX.

On the list of main advantages of ECN brokers is that large trades can be placed without any delays or rejections. I confirmed that this was possible with IC Markets. I experimented with trades as much as 7 standards lots in size without latency or slippage problems, I would have tried putting on bigger trades but I was restricted by my trading account balance.

I spoke to IC Markets a number of times just to see how good their support was and I discovered that they were very helpful, they guided me through the Metatrader platform and were able to assist with a few fx trading queries that I had, this was a real surprise to me. I tried contacting them after hours expecting their support to decline however this wasn’t the case the person I spoke to understood the Metatrader platform well.

If I was to suggest one of these broker platforms to members of my forex trading group there is no doubt that it would be IC Markets, Vantage FX however remains a very good broker, however they would not be good for active fx traders or those using expert advisers. IC Markets is a good all round broker their prices are extremely low which is good for scalpers, there are no order size limitations, they offer the Metatrader platform and their service is quite outstanding and definitely the best that I’ve experienced out of all the Metatrader 4 forex brokers in Australia. I personally now deal with IC Markets myself.

To know more about forex trading, visit our website Vantage FX and IC Markets

Forex Trading

Understand How Significantly Life Insurance To Find

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Life insurance is definitely an significant part of life that a lot of people don’t like to discuss. Despite how melancholy it sounds, your estate planning also involves life insurance. This post seeks to offer you together with the tips essential to obtain the right insurance in the correct price.

Your life insurance policy need not be for an extremely significant sum. The beneficiary may obtain a windfall in the event you die, but that’s not definitely that great when you are struggling whilst you will be still alive. Your focus need to instead be to just invest within a policy that ensures the financial protection of your dependents when you die.

Risky hobbies, such as bungee jumping or scuba diving, can substantially raise your premiums if they turn out to be known towards the insurance organization. There are actually also various jobs, like police officers and commercial fisherman, that happen to be labeled as huge risk by insurance firms. In some situations, this could lead to you paying a higher premium.

Employ an agent that is trustworthy. The individual you select will probably be handling your policies on your entire life, and also assisting your family with these policies whenever you are gone. An inability being comfortable or trust in an agent will only grow the pressure and stress you already deal with and will make landing a perfect policy more sophisticated than it ought to be.

Right before you buy a life insurance policy, you need to be sure you review all similar policies. The duration of policies differ, and many might be renewable. Two policies might supply similar gains, but a single could be much less pricey. Do as a lot exploration as easy to raise your chances of discovering the best policy.

When getting life insurance, be sure to know your family’s history. Lots of life insurance carriers will lower your premiums in case your family has great genes overall. Life insurance companies will also style into your individual history to establish a speed. When your history is fantastic, your rates is going to be fantastic, as well.

You might want to look into paying for term life insurance. A traditional policy may lose its value overtime, while term life policies offer you the choice to renew and create modifications regularly.

Make sure to get rates from various firms right before deciding which life insurance business to choose. You can make this lookup very effectively utilizing the World-wide-web. Alternatively, you may select just to call around inquiring for info. Make sure you don’t give any sensitive or individual info inside the procedure. Acquire quotes from an assortment of suppliers before making a option.

There is certainly a lot to give some thought to and there are numerous selections with regards to life insurance policies. Think about the type of policy you need for yourself and also your household. Begin by estimating the money your loved ones would need to bury you should you happen to pass away.

If it is possible, you must pay your insurance premiums yearly rather than monthly. Individuals who opt for yearly payment of premiums are generally capable of help save far more money.

Be sure to inquire your broker any thoughts you might have and don’t accept answers which are unclear. Figure out in the event you can renew the policy, if can you cancel the policy any time you desire, and also request any queries you might have concerning premium guarantees. Figure out around achievable about these details before buying a policy.

When buying life insurance might sound cliche, it gives peace of mind. By preparing with this event ahead of time, you make it easier on your own family members to live their life comfortably. When this might not be the most comfortable topic, reading the suggestions below will assist you to turn out to be a lot more prepared and well-informed.

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Forex Trading

Why I Chose IC Markets For My Forex Trading

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A short time ago I was introduced to a forex broker named IC Markets by a friend of mine who operates a flourishing Sydney based hedge fund. As I’m an expert trader I thought that I would spend some time conducting my homework on the company before I open an account so I though that I would visit their offices in Sydney to discover more, I was extremely impressed with what I discovered.

In the course of my visit to the office I quickly discovered that IC Markets is not just a web-based forex and CFD company but they even have stockbroking, financial planning and corporate advisory divisions that span over two floors of a prominent Sydney CBD business address. I sat down in their boardroom which was decorated with artwork and overlooking the Sydney harbour bridge to meet with their Head of Trading and discuss their foreign exchange product. He explained to me that they have got relationships with over thirty five international investment banks who provide IC markets with their forex liquidity and that this is exactly the reason that they are able to offer Australia’s and quite perhaps the world’s first true Metatrader 4 ECN offering.

The Head of Trading introduced me to their Chief Operations Officer who showed me personally their in-house ECN software, and how it produces a virtual marketplace enabling traders to include their liquidity to what is already being offered by the investment banks that IC Markets has relationships with. I was surprised to see spreads that were inverted and displayed volumes of over 100 standard lots on the bid and offer at any given moment. I was quickly certain that trading in a real ECN market place was the only way to go for any foreign exchange trader.

Subsequent to spending more than an hour in the boardroom with the Chief Operations Officer he invited me to sit on the trading desk to watch order flow build up within the ECN market place just ahead of London open. I went over to the trading desk and sat back with the Chief Operations Officer and watched the huge amount of volume pour in from traders globally and the biggest investment banks world wide, it was an amazing spectacle watching deals trade with one another at a rate of one hundred every second. This was something that as a forex trader I had never been aware of when sitting behind my trading displays at home in my Brisbane office.

After the hospitality that the IC Markets staff showed me I was certain that not only trading in an ECN environment was the only way to go but also that IC Markets ECN technology was ground breaking and quite possibly a world first for any Metatrader 4 forex provider.

It’s been five months since opening my IC Markets foreign exchange trading account and I haven’t looked back, the ECN spreads are spectacular and more importantly the execution is the best that I’ve ever experienced. The IC Markets forex package is certainly the best offered by any forex broker in Australia. I recommend that if you’re searching for an ECN forex broker you give IC Markets a go as I’m certain that if you’re a professional trader like me you won’t ever look back.

To know more about currency trading visit forex and IC Markets

Forex Trading

Pro Traders Foreign Exchange Online Brokers Trading Tips

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The most convenient way to conduct Forex trading is doing it online, it’s a growing trend and hiring reputable online Forex brokers endures success to Forex traders worldwide. Forex is a term which means trading a currency using another currency, as in many cases, traded as pairs like a Euro and a dollar and a British pound and US dollar.

Online brokers provide accurate forecast and sound strategies so as to enhance your trading skill by providing you up to the minute news and technical analysis whether you have large or small investments. The biggest advantage of online Forex trading is access to your account, anywhere, anytime.

As described on the outset, the brokers or Forex traders aim to buy either a Euro or a British currency using US currency. The idea is to sell the currency when the moment is right and hope to sell them at a higher rate than the buying price.

The popularity of online trading spreads far and wide and Forex traders around the globe have access their accounts, news, and trading signals from their online Forex brokers. Also, called houses or firms, provide vital information and utilizing the latest trading tools today.

The online brokers are a well established firm and has extensive know how of the latest technologies in Forex trading. They also have demo accounts where you can use it as a simulator to practice trading.

In order to have access to the brokerage services, you need to hire online brokers, which provide vital suggestions and technical analysis to be a successful Forex trader. The Forex brokers are also financial institutions that buy large volume of currencies and offer you the latest trading tools to provide the Forex traders excellent online trading experience.

Before jumping into the real Forex trading, you online brokers would advice you to use some demo accounts in order that you may have the feel of the real trading. At first, you probably would beset by the amount of data and numbers but you brokers can help you understand them.

In order to check if your prospect online Forex brokers are authentic, inquire at the FCM or the CFTC. Absorb all the information about the trading and trust your brokers to a successful Forex trader.

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