True ECN account
The True ECN Advantage
Our True ECN account offers some of the lowest possible spreads available. Our average EUR/USD spread is 0.1 pips, with only a small commission of $3.50 per lot payable. With liquidity from over 50 different banks and dark pool liquidity sources IC Markets True ECN account was built for day traders, scalpers and expert advisors. Our MetaTrader 4 True ECN server is located in the Equinix NY4 data center in New York, bringing you closer to our liquidity partners and eliminating any unnecessary latency. IC Markets MetaTrader 4 True ECN platform is the preferred choice for active day traders and scalpers globally.
True ECN Connectivity
IC Markets is able to offer market leading pricing and trading conditions through the MT4 platform by providing clients with True ECN Connectivity.
True ECN Connectivity allows you to trade on institutional grade liquidity from the world’s leading investment banks, hedge funds and dark pool liquidity execution venues. Executable Streaming Prices (ESP) are sent from IC Markets liquidity providers to our ECN environment where clients can trade with no dealing desk, price manipulation or re-quotes. Due to the diverse liquidity mix comprising of up to 50 different liquidity providers at any one time, IC Markets is the forex broker of choice for high volume traders, scalpers and robots who demand the tightest spreads and best execution.
Spreads from 0.0 Pips
IC Markets boasts some of the tightest spreads of all forex brokers globally. Spreads start at 0.0 pips on the MetaTrader 4 platform with the average on EURUSD being 0.1 pips 24/5. This is currently the tightest average EURUSD spread globally.
Our diverse liquidity mix from up to 50 different liquidity providers means that we are always able to source liquidity for our clients and keep our spreads tight, especially during high volatility times such as news announcements.
Level II Pricing – Market Depth
Depth of market shows the full range of executable prices coming directly from liquidity providers. Depth of market offers complete transparency of the liquidity of each currency pair by showing the available volumes for each price level at any given time. High liquidity, asynchronous spot prices and low latency guarantee the tightest possible spreads.
One Click Trading
IC Market’s One Click Trade Manager Software considerably enhances MetaTrader 4. Traders can buy or sell with a single click, execute complex pre-defined order templates with two clicks and manage trades in ways not previously possible on MetaTrader 4. The software offers fast and worry-free trade execution and management.
Ultra Fast Order Execution
The IC Markets MetaTrader 4 server is located in the Equinix NY4 data centre in New York. The NY4 data centre referred to as a financial ecosystem is home to over 600 buy and sell side firms, exchanges, trading venues, market data and service providers. They MetaTrader 4 server is cross connected to our ECN to ensure ultra low latency and the fast execution of your trades.
The IC Markets MetaTrader 4 trade server has latency of less than 1 milli second to major VPS providers either collocated in the NY4 data centre or through dedicated lines to nearby data centres.
This low latency environment is ideal for automated and High Frequency Trading and scalping.
No Restrictions on Trading – Scalping Allowed
IC Markets MetaTrader 4 platform has no restrictions on trading. We have some of the best trading conditions for scalping and high frequency trading globally, allowing traders to place orders between the spread as there is no minimum order distance and a freeze level of 0. This means orders including stop loss orders can be placed as close to the market price as you like.
Traders can also hedge positions as there is no first in first out (FIFO) rule with IC Markets. Traders do not pay margin on hedged trades and enjoy the benefits of margin netting.
Flexible Lot Sizing
There are not limits or restrictions on trade sizes, you can place trades as small as one micro lot (0.01) with no maximum limit. Our flexible lot sizing allows you trail the platform with minimal risk and manages your trades sizes in accordance with your account balance.
64 Currencies & Metals + 15 CFDs
Trade 64 currency pairs plus 15 major equity indices including the FTSE 100 and Dow Jones Index 24 hours a day with a spread of 1 point. With S&P/ASX 200 spreads from 1 point.
Leverage up to 1:500
Accounts go up to 1:500 leverage on the IC Markets MetaTrader 4 platform. Traders can use higher leverage to suit their trading style and get the best out of their manual and automated trading strategies.
All Major Account Currencies Supported
Open an account in one of 10 supported base currencies including: USD, AUD, EUR, GBP, SGD, HKD NZD, JPY, CHF & CAD.
Flexible Funding and Withdrawal Options
Once you’ve opened your IC Markets MT4 account you can fund using one of our 10 funding options including: Credit/Debit card, Moneybookers, local bank transfer (transferring to a bank in your country), wire transfer, Webmoney, Bpay, broker to broker transfer, branch deposits China Union Pay, Neteller, FasaPay.