IC Markets is one of the world's most trusted brokers。When choosing a broker, it is important to know what type of broker it is。Most traders prefer to trade under an ECN broker as they have multiple benefits。

Who is IC Markets?？

IC Markets is one of the world's leading forex trading providers, which allows investors to trade various currency pairs and CFDs.。ECN stands for Electronic Communication Network, which connects customers directly to the interbank market.。

As a result, traders can obtain narrower spreads and higher liquidity。IC Markets is a good choice for serious traders because it is licensed by ASIC and has various features that make trading more attractive。These features include highly developed trading instruments, a variety of instruments and rapid order execution.。IC Markets trading account has all these advantages。

What is an ECN broker?？

An ECN broker is a forex broker that connects clients directly with other market participants through an electronic communication network, rather than a traditional trading desk.。Thanks to this direct link, ECN brokers can offer clients narrow spreads and fast execution speeds for currency pairs。

In addition, ECN brokers typically charge a small commission on each executed trade, rather than a spread.。Traders who execute a large number of trades on a daily basis may find the commission-based approach advantageous。It is important to note that ECN brokers cannot provide the same level of customer care and assistance as brokers operating in a trading desk model.。

Is IC Markets an ECN Broker?？

Yes, IC Markets is an ECN broker offering an ECN pricing model with pricing from external liquidity providers。This allows them to maintain trust and prevent fraud and irregular market fluctuations。The price offered by the liquidity provider is passed on to the trader without the intervention of the trading desk (NDD)。

However, it is important to note that IC Markets does not place all pricing responsibility on the liquidity provider。Because this would give liquidity providers full control over market pricing。IC Markets ensures that traders get the best trading experience, so they work hard with these liquidity providers to adopt the ECN trading model.。

Advantages of IC Markets as an ECN Broker

If you choose an IC Markets broker as your ECN provider, traders can enjoy multiple benefits of being an IC Markets client。These include:

• Direct access to interbank prices
• No trading desk (NDD) system
• Spreads lower than traditional brokers
• high liquidity
• High transparency

Conclusion

There is no doubt that IC Markets broker is one of the most trusted Forex brokers in the world。Although it is an ECN broker, due diligence is required when opening an account with any broker。Be sure to test on a demo account for a week before opening a real account。

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IC Markets is an original spread broker that deposits all its clients' funds into separate trust accounts backed by well-known Australian banks such as Westpac and National Australia Bank (NAB).。In addition, it also provides a variety of trading tools such as foreign exchange, indices, bonds and cryptocurrencies.。