I commenced forex currency trading back in 2003 when I opened an account with United knigdom based forex provider Alpari, at the time Alpari was the only real forex broker who was using the the Metatrader 4 platform. I really required the Metatrader 4 platform mainly due to the platforms ability to run automated strategies that’s how I choose to trade. I still have my Alpari account opened as I prefer to have a backup forex account. However after moving back to Australia 18 months ago I found a couple 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 keen on this broker was due to their ECN or Electronic Communication Network technology which means that I can easily get access to the real interbank marketplace with a click of a button, this is something that Alpari could not provide me nor could any company in Australia as many of them are market makers or STP providers who basically take the other side of my trade and cash in on their customers losses, and unscrupulous practice indeed.
After speaking to IC Markets they explained to me that their ECN offering was considered one of a kind at is aggregates liquidity from number of unique sources and I would be trading with the world’s largest investment banks enabling me to trade on the very best spreads in the world. The vision of having the ability to deal on razor sharp spreads meant that my automated trading strategy that revolves around scalping should perform better, there was just one way to prove this and that was to put this forex provider to the test.
I’m not a naive and gullible 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 do know this sounds really cheesy 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 exceptionally impressed with IC Markets pricing and execution speed, more often than not during European hours the spreads that they quote are negative, this in-itself makes them a far better forex broker that every other forex broker in Australia, and there are lots of them. Having razor sharp prices, 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 improved spreads that I can now get with IC Markets.
I’m writing this evaluation not to advertise any forex provider specifically all that I can say is that if you wish to trade with an ECN forex broker that is located in Australia there really is just one choice and that is IC Markets. Naturally it is best to do your own homework before deciding on a broker, I’ve done mine and I’m pretty pleased with the forex broker that I have selected.
There is no doubt that forex is good. You will find more on forex trading here.