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IC Markets True ECN Account
I have a true ECN account with IC Markets, I have had a really good experience with them. I opened my account with them becuase their EUR/USD spreads average 0.1 pips and often sits at 0 pips, I found them on http://www.fxintel.com.
I dont see much about them in this forum and would be really interested to hear from other clients of this broker.
0 pips spread....... How much commission are u paying per 1 standard lot?
Originally posted by Champ0 pips spread....... How much commission are u paying per 1 standard lot?
No these r not fixed. You get variable spreads which can sometimes be pretty low and sometimes high. I just visisted fxintel and they showing ic market spread on eur/usd between 0 and 0.4.
Originally posted by benmacI have a true ECN account with IC Markets, I have had a really good experience with them. I opened my account with them becuase their EUR/USD spreads average 0.1 pips and often sits at 0 pips, I found them on http://www.fxintel.com. I dont see much about them in this forum and would be really interested to hear from other clients of this broker.
Have u tried ECN with any other broker. How can u say if it is "true" ECN account or not.
What is ur experience with their support team?
Hello I can get you 1.5usd discount on ICM (so you pay 5.5 instead of 7USD)
Contact me if you want that.
Hello I can get you 1.5usd discount on ICM (so you pay 5.5 instead of 7USD) Contact me if you want that.
What is this 7 usd for? Is it some kind of commission? if yes then on what?
Stick to your rules
You have spread (most of the time 0 on eurusd)
Plus you pay a fix commission of 5.5 to 7 usd per lot round turn.
So if you do 10 pips at 0.10 lot you make 10usd minus 0.55 to 0.70usd.
You have spread (most of the time 0 on eurusd) Plus you pay a fix commission of 5.5 to 7 usd per lot round turn. So if you do 10 pips at 0.10 lot you make 10usd minus 0.55 to 0.70usd.
FXCM offers half of it if trading exceeds 1000 lots per month. and $5 if it is lower than 1000 lots.
Is there any minimum trading limit in ic markets?
You can trade from 0.01, no montly min. lots.
hmm. With no monthly min. requirement it is pretty competitive. Now it comes to support, execution and deposit/withdrawal. If these r better at IC markets, it is one of good brokers then.