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Testing A New Forex Broker.

Testing A New Forex BrokerI have been testing out a new Forex broker for a few weeks, and i am very happy with the results. The broker is IC Markets

I had heard good things about them so i decided to give them a try and i can highly recommend them. The spreads are nice and tight, and the commission is $3.00 AUD each way per contract (100k) for C Trader, which works out at $2.85 USD or £1.80 GBP, and $3.50 AUD each way per contract (100k) for MT4, which works out at about $3.30 USD or £2.00 GBP.

They are a true ECN broker with institutional grade liquidity provided by 50 of the worlds top banks.

You can have up to 500 to 1 leverage, and trade 60 currency pairs. You can also trade 17 major indices and futures contracts including the FTSE 100 and Dow Jones Index 24 hours a day, with a spread of 1 point. You can also trade Gold Silver Brent crude and WTI oil CFDs and Natural Gas.

Min opening account balance on MT4 is $200. C Trader is $1000.

All client funds are held in client segregated trust accounts, with AA rated Australian banks.

The commission is what attracted me initially. This really makes a difference to your account balance at the end of the month. If you are using IG index for example, its less than half of what they charge. If you are a professional Forex trader, you need a really tight spread, and good commission. and IC Markets give you that.

I recommend you give them a try, you will not be disappointed. They opened my account within half an hour of my application, which is really fast, i have waited days for some brokers to open an account for me.

I really cant find fault with them so far. Click on the banner on the right if you want to give them a try.

Thanks for stopping by and have a a great trading day.

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