Friday, October 26, 2012

IC Markets Are The Biggest Forex Broker In Nagasaki

By William Bruksbergeni

Several of the preferred forex companies in Japan include Monex, Hirose trading, live star securities,, GMO Click Securities and foreland securities. In recent times I've seen that Australian fx broker IC Markets has come to dominate the Japanese marketplace.

As are expert fx trader and forex tutor in Tokyo for the past nine years I have observed a major shift in the forex trading landscape which has seen most of the local broker's loose clients to dramatically larger offshore providers like IC Markets. Last week for instance I hosted a forex seminar in Sapporo, and when I asked which forex provider my students were trading with no less than 60% of the room said IC Markets. I've found it interesting to see how an offshore forex broker has really managed to gain a stronghold within the Japanese market in such a short space of time.

Of specific interest to me has been the strong interest in IC Markets ECN model which makes it possible for forex traders to buy and sell forex on zero pip spreads. In Japan we have never observed fx brokers offer spreads of Zero pips before so it is quite refreshing to see a larger Australian broker show initiative and offer tight spreads to the Japanese people.

It is also great to see that IC Markets is regulated ASIC, who are quite stringent and require all client money to be held in segregated trust accounts. Australian forex brokers are very safe but IC Markets is even safer to deal with as they are the largest and are backed by two big Australian banks NAB and ANZ. Australian banks are amongst the safest in the world so I am pretty comfortable sending my money there.

Because IC Markets is so gigantic they've got traders from all around the globe and consequently they have support personnel that are able to speak many languages as well as Japanese. Although I can speak and write fluent English I much favor talking in Japanese.

An additional major advantage of forex trading with IC Markets over the likes of Monex, and GMO Click securities is that IC Markets are a true ECN forex provider not a market maker. Trading with a True ECN provider is much better if you are an active day trader or scalper, the primary reason for this is because there is no stop-loss or take-profit limits and you may place your trade between the spread. Of course another huge advantage is that the spreads are dramatically lower when using a True ECN fx broker. With IC Markets I regularly trade on an average EURUSD spread of 0.1 pips, if you compare this to the typical spread of 3 pips for EURUSD at some of the major Japanese brokerage houses you would be crazy to trade with them.

I've also noticed that my Metatrader 4 expert advisers operate better on my IC Markets True ECN forex account, I believe that spreads are a huge factor in this but an added major contributor to the superior performance of this trading account is the ultra low speed that deals are executed at. Better trade speeds actually give IC Markets True ECN forex account an edge.

You should do your own personal research but I am confident that like me you'll be incredibly pleased with IC Markets True ECN account, it is no wonder they're now the biggest forex broker in Japan. If you're interested you'll be able to find an IC Markets review online to see what other people are saying about this top Australian forex provider.

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