Trader Union names IC Markets as one of the best ECN brokers
Finding a broker who suits your needs is crucial to your success in the markets, regardless of whether you are a professional trader or are just getting started. Having so many options makes it challenging to know where to begin. Trader Union experts name the bests ECN Brokers and made IC Market review as one of the top brokers in the market, outlining its benefits.
What is an ECN Broker?
ECN brokers use electronic communications networks to connect their clients with other market participants directly Instead of maintaining a trading desk. ECN brokers can offer their clients tight spreads on currency pairs and quick execution times because of this direct connection.
Additionally, ECN brokers frequently charge a small commission on each performed trade for a spread. The commission-based strategy may be helpful for high-volume traders executing numerous daily trades. However, it is crucial to understand that ECN brokers cannot provide the same level of customer service and support as brokerages that run according to the paradigm of a dealing desk.
The list of leaders includes such companies:
- FXOpen is a company founded in 2003. The broker provides access to 50 currency pairs, CFDs, indices, gold and silver, 43 pairs with BTC, LTC, EOS, PTC, ETH, DASH, EMC. Traders note the high level of service, optimal trading conditions.
- RoboForex is a brokerage organization offering wide opportunities for active and passive earnings. The company provides comfortable access to 8,700+ assets: currency pairs, cryptocurrencies, stocks, etc. The minimum deposit is $10.
- Exness – the company has been providing services since 2008 and is a leader in Forex. The trading turnover on this platform is more than 325.8 billion US dollars monthly. The list of available assets includes CFDs on stocks, currency pairs, cryptocurrencies, metals, and energy commodities.
The top 10 ECN brokers also included such companies as IC Markets, InstaForex, XM Group, Pepperstone, LiteForex, FXTM, FP Markets. You can familiarize yourself with the dossier of each of these brokers on the official website of Traders Union, read reviews of real clients, etc.
What is IC Market?
One of the biggest forex trading platforms in the world, IC Markets Broker, enables traders to trade a wide range of currency pairs and CFDs. ECN, or electronic communications network, refers to how this broker connects clients with the interbank market.
This might provide traders with deep liquidity and small spreads. IC Markets is appropriate for experienced traders because it is licensed by the Australian Securities and Investments Commission and includes a number of appealing features.. These advantages include various instruments, highly developed trading tools, and quick order execution.
Major Features of IC Markets
- It has a minimum deposit of $200
- Available on several platforms, including Meta Trader 4, MetaTrader 5, cTrader, AutoTrade (Myfxbook), and Zulu Trade.
- It is well-regulated.
Advantages of IC Markets as an ECN Broker
Traders can benefit from several IC Markets advantages by selecting the broker as their ECN provider. Here are a few of them:
- Interbank costs are directly accessible.
- A system with no dealing desk (NDD)
- Compared to typical brokers, lower spreads
- High levels of transparency and liquidity
Without question, one of the most reputable forex brokers in the world is IC Markets Broker. Even though it is an ECN broker, you should still exercise caution when creating an account with any broker. Before opening a real account, always conduct a test week on a demo one.
IC Markets offers comfortable cooperation conditions for both beginners and professionals. Among the main advantages, users indicate the presence of micro-lots, high quality of customer service, and high speed of order execution. In the review from Traders Union, you can find out more detailed information about IC Markets, read reviews about the broker from real clients.
