IC Markets Is A Top No Dealing Desk Broker
IC Markets is a top Australian Forex broker and one of the main reasons why is due to them having no dealing desk. This means traders can:
1) Trade affordably
2) Execute trades quickly
3) Get a greater edge
Want to trade with confidence? Set up an account with IC Markets today!
Deal With A No Dealing Desk Broker
Have you ever wondered what a Dealing Desk actually is?
A dealing desk in Forex is when you have to go through a broker and pay a fee so you can be able to trade in the forex market.
IC Markets Boasts No Dealing Desk
IC Markets has proudly been a top No Dealing Desk (NDD) Australian forex broker because their customers do not get re-quoted. Pepperstone and AxiTrader also having this feature while easyMarkets and Plus500 do not. Also, IC Markets customers have no trading restrictions. No dealing desk brokers (NDD) are the best, because you don’t have to worry about being restricted all the time and you don’t have to worry about paying broker fees. Another reason why no desk brokers are superior to those with dealing desks is that you don’t have to worry about the broker being unethical or having conflicts of interests in the interbank market. You can search online for many NDD brokers that offer forex brokerage in Australia.
Quality Customer Service
IC Markets is a No Desk Dealing Broker because they believe in high-quality customer service. IC Markets offers forex education and its brokerage services in 90 global currency pairs. IC Markets also provides traders with 500:1 leverage.
Did you know?
You can fund your IC Markets account, whether raw spread vs standard account with up to 10 different world currencies. IC Markets has a feature that allows you to trade indices on MetaTrader4. IC Markets no desk dealing brokers enable traders to settle trades almost immediately. While no broker is a ‘pure’ ECN broker, IC Markets offer Raw spreads from 0.0 pips, providing an ECN forex broker environment. This is available on both the MT4 and cTrader forex trading platform.
What Does ECN Mean?
Electronic Communication Networks (ECN) mean that you can trade with added liquidity from over 50 different banks and dark pool liquidity providers. IC Markets Raw account is not an exact ECN forex broker but it does offer a similar environment with ECN-like bid and ask prices. Their platform can handle a high volume of traders on their platforms.
IC Markets Are Licensed in Australia
IC Markets is regulated by ASIC (Australian Securities and Investment Commission) and holds an AFSL (Australian Financial Services License). IC Markets is one of the top brokers offering top trading tools not just for forex, but also on CFDs and equity markets throughout Asia and Europe. IC Markets employees number about 50-100 employees. The company was founded in 2007 and their main goal is to provide customers with market-leading, honest and fair trading conditions. IC Markets main headquarters is in Sydney, Australia. IC Markets employees have 20 years of experience working in technical fields. IC Markets allows you to open multiple IC account types for trading if you want to but you have to pay extra, making them one of the best forex brokers in Australia
IC Markets Opening Hours
IC Markets MetaTrader4 is open Monday to Friday from 12:01 a.m to 11:57 p.m Friday night. Their rollover occurs 12:00 a.m server time. Unfortunately, IC Markets does not accept United States clients, because US CTFC regulation does not allow it and it has an agreement with Australian and International regulations. Customers that withdraw funds have to fill out an application first, and if they want their payments fast customers have to withdraw before 3:00 p.m Sydney time.
We found during our IC Markets review vs IG Markets that customers can deposit money into their accounts with a Bank Wire Transfer, Credit Card, Skrill, Webmoney, and Neteller. Once you deposit funds with one of the methods above, it will take approximately 30 minutes to ensure your money is directed into your account. You can withdraw more than you deposit into your account, but you must repay it back to IC Markets. IC Markets is an NDD broker that allows scalping and hedging for your trading strategies.
IC Markets Support
IC Markets support is available 24 hours a day, 5 days a week Monday through Friday, so you can resolve problems with your existing trades, you can’t open new trades (positions). IC Market does not charge inactivity fees for your positions trades. A demo account offers a lot of features that replicate a live trading environment, but not all of them. IC Markets highly recommends that you open a live real account only once you have tested out your trading strategies effectively in a demo account. The forex market does not have a main location. Rather trading takes place online. IC Markets forex is traded over the counter (OTC), which means that there is no central exchange among banks. Also, there is no central exchange among, government, hedge funds, or private investors. Since the invention of the internet, many average people have decided to open an account and invest in forex markets. Other IC Markets forex participants include multinational corporations, money managers, money brokers, registered dealers, market makers, and private investors.
Most Popular Currency Pairs
Did you know that the most popular currency pair in the forex market is the US dollar and the Euro? Other popular trading currency pairs are the US dollar and Japan currency. Also the Great Britain Pound and US dollar. One of the reasons why Forex can be lucrative is that you can put a placeholder so you won’t lose that much money. Interest rates can also affect how the Forex Market investing can be volatile as it changes.