Most traders prefer to trade under ECN brokers as they come with several benefits. This article should guide you through what is an ECN broker and whether IC Markets is one as well.
IC Markets is one of the most trusted brokers in the world. When choosing a broker, it is important to know what type of broker it is. Most traders prefer to trade under ECN brokers as they have several benefits. This article should guide you through what is an ECN broker and whether IC Markets broker is one as well:
What is IC Markets?
IC Markets broker is one of the world's major forex trading providers, and it allows investors to trade a diverse ion of currency pairs and CFDs. ECN stands for electronic communications network, and this type of broker links customers directly to the interbank market.
Traders might have access to narrow spreads and deep liquidity due to this. IC Markets is a good option for serious traders since the Australian Securities and Investments Commission licenses it and includes various characteristics that make trading appealing. These features include highly developed trading tools, various instruments, and swift order execution. All these benefits are available in the IC markets trading accounts.
What is an ECN Broker?
ECN brokers are forex brokers that link their customers directly to other market players through electronic communications networks rather than the traditional practice of maintaining a trading desk. Because of this direct link, ECN brokers can provide their customers with narrow spreads on currency pairings and rapid execution speeds.
In addition, ECN brokers would often charge a tiny commission on each executed transaction instead of a spread. High-volume traders executing many trades daily may find the commission-based approach advantageous. On the other hand, it is essential to be aware that ECN brokers cannot give the same degree of client care and assistance as brokerages that operate based on the paradigm of a dealing desk.
Is IC Markets an ECN Broker?
Yes, IC Markets is an ECN Broker. This means they offer the ECN pricing model as they source their pricing from external liquidity providers. This allows them to maintain trust and prevent fraudulent, irregular market movements. The prices provided by liquidity providers are passed onto the traders with no dealing desk (NDD) interventions.
However, it is important to note that IC Markets does not give all pricing responsibilities to the liquidity providers. This is because this would allow the liquidity providers to be fully in control of the market pricing. IC Markets ensures their traders get the best trading experience, so they strive to work alongside these liquidity providers with an ECN trading model.
Benefits of IC Markets as an ECN Broker
If you choose IC Markets broker as your ECN provider, traders can enjoy several benefits of being an IC Markets client. Some of them are as follows:
- Direct access to interbank prices
- No Dealing Desk (NDD) system
- Lower spreads than traditional brokers
- High levels of liquidity
- High levels of transparency
Final Verdict
There is no doubt that IC Markets broker is one of the most trusted forex brokers in the world. While it is an ECN broker, it is important to do your due diligence when opening an account with any broker. Always run a test week on a demo account before opening a real one.
IC Markets is a raw spread brokerage that puts all clients' funds in segregated trust accounts supported by well-known Australian banks such as Westpac and NAB. On top of that, IC Markets offers various trading instruments like Forex, Indices, Bonds, Crypto, and many more.
34 Comments
Apr 4 2023
Dude, I am beginner here and after reading the article, I am little bit shocked because my broker also offered that my order can directly put in the forex market and they claim they are non dealing desk broker that has not interventing to againts you in the trading. And also what I learn, my broker offered the direct market access with the STP account, and not ECN account.
My question is about the STP that offered by my broker, they say the order can directly put into the market, meanwhile ECN also stated like that. SO, what is the different between those thing?
Apr 4 2023
In terms of your question, both STP (Straight Through Processing) and ECN (Electronic Communication Network) are non-dealing desk execution models that allow traders to trade directly with liquidity providers in the forex market. However, there are some differences between them.
STP brokers usually have a pool of liquidity providers, and they automatically match their clients' orders with the best available bid/ask prices from these providers. The broker takes a commission from the spread or charges a fixed commission for each trade.
On the other hand, ECN brokers offer a more transparent trading environment by directly connecting traders to the interbank market. ECN brokers charge a commission for each trade and provide traders with access to the best available bid/ask prices from multiple liquidity providers.
Apr 4 2023
Let me give you an example dude. Let's say you want to buy 1 lot of EUR/USD at the current market price of 1.2000. If your broker is an STP broker, your order will be routed to a liquidity provider (such as a bank) who is willing to sell 1 lot of EUR/USD at 1.2000. The liquidity provider will then sell 1 lot of EUR/USD to you and your position will be opened.
If your broker is an ECN broker, your order will also be routed to a pool of liquidity providers (including central banks, other brokers, and traders) who are willing to buy and sell currencies at different prices. In the ECN environment, you can see the bid and ask prices of all the liquidity providers and can choose to execute your trade at the best available price.
In both cases, your order is being routed to the market directly without any intervention from the broker. But one with the liquidity is bank and the other is central bank. So based on the liquidity you can know that handle your order in ECN can be central bank. That is the different between STP broker!
Apr 4 2023
I think I am relieved because my qestion about the IC Market is an ECN broker or not is answered in this article. I mean, although I am not trading for too long, jsut newbie that began to try the real market, I also afraid about the broker model that sometimes really dont honest to their clients. Some brokers may claim they are ECN, using raw spread and commission per turn but the feature in there is STP account.
Really, I am relieved about that. There is one little bit question about the ECN of the IC Market. So, IC Market has offered standard account but sadly the IC Market didnt allow us to scalping and using EA for the trades. So, if they are ECN and offered standard account, can the brokers make the term like that? It is makes me very interesting yet curious about that. Hope I can get an explanation, good day!
Apr 4 2023
Based on I heard, the reason why some brokers might not allow scalping or the use of EA on their standard accounts is because it could affect the liquidity of the market. ECN brokers like IC Markets provide a direct link between traders and the interbank market, which means that they need to have enough liquidity to execute the orders of their clients. Scalping and the use of EA can create a high volume of orders within a short period of time, which could put a strain on the broker's liquidity pool and affect the execution of other clients' orders.
However, some ECN brokers do offer specific accounts for scalping and the use of EA, which usually come with different terms and conditions. For example, the spreads may be slightly higher or the commissions may be different. It all depends on the broker's business model and their ability to manage the risks involved in providing such accounts.
So, to answer your question, it's not uncommon for ECN brokers like IC Markets to have restrictions on scalping and the use of EA on their standard accounts. It's all about maintaining the balance between providing clients with the best possible trading environment while managing the risks involved in doing so.
Apr 11 2023
As someone who is interested in forex trading, I would like to learn more about the various strategies that traders use when trading in an ECN account. I have heard that ECN accounts offer a range of features that can be beneficial to traders, including direct access to the market and potentially lower trading costs. In addition, I have noticed that many professional traders and those who use Expert Advisors (EAs) prefer ECN accounts due to these advantages.
One feature that I have heard can be particularly useful in ECN trading is the Depth of Market (DOM). The DOM is a real-time display of the current market liquidity, showing the number of buy and sell orders at different price levels.
So, how the trader combine the strategy trading with DOM and also what indicator tools that aslo involved in trading with ECN account?
Apr 12 2023
Well, when it comes to trading with an ECN account, there are a bunch of strategies traders can use. These can be based on technical analysis, which means using charts and indicators to spot patterns and trends in the market, or fundamental analysis, which involves looking at economic and political events that might affect market movements.
The DOM is a feature that provides traders with a live view of market liquidity, showing the number of buy and sell orders at different price levels. It's a really handy tool that can help traders get a sense of market sentiment and liquidity. For example, if there are loads of buy orders at a particular price level, it might mean buyers are keen to get into the market at that price, which could indicate a bullish trend. On the flip side, if there are heaps of sell orders at a certain price level, it could suggest a bearish trend.
Traders can also use a bunch of different indicator tools to help them make trading decisions alongside the DOM. These range from simple moving averages to more complex indicators like the Relative Strength Index (RSI) or the Moving Average Convergence Divergence (MACD). These indicators can give traders insights into market momentum, trend direction, and possible reversal points, which can be super useful when it comes to making informed decisions.
AS the reference, you can read tis article : DOM Trading Strategy For Beginners
Apr 12 2023
Dude, it's a relief that some brokers like IC Markets are upfront about being an ECN broker. This way, we can check their trading terms and conditions to confirm if they are really ECN. This provides an extra level of assurance for both traders and brokers.
However, I keep hearing about 'raw spreads' that are also associated with ECN brokers. Is it true that raw spreads are the same thing as ECN? And can non-ECN brokers offer such raw spreads to their traders?
Apr 12 2023
the question is, are raw spreads the same thing as ECN, right dude? The answer is...kinda. I mean maybe yes and maybe no. See, raw spreads are often associated with ECN brokers, but not all ECN brokers offer raw spreads. It's more like a bonus feature that some of them provide.
As for non-ECN brokers offering raw spreads, it's possible but less common. Usually, non-ECN brokers make their profits through the spread, so offering raw spreads would cut into their profit margin. But some brokers might offer a hybrid model where they use raw spreads for certain types of accounts. So, it is important that the brokers also informed that they are true ECN brokers to make the trader sure about their ECN Services.
Apr 13 2023
Hey bro! I just wanted to say a huge thank you for taking the time to explain the difference between raw spreads and ECN brokers. I've always heard these terms thrown around in the trading world, but I never really understood how they were related. Your explanation was so clear and concise, and it really helped me wrap my head around the concepts.
What I found especially helpful was the fact that you pointed out that raw spreads are not always synonymous with ECN brokers. I think there's a common misconception that if a broker offers raw spreads, they must be an ECN broker, but that's not necessarily the case.
Apr 19 2023
When discussing the different models of execution provided by brokers, I've also heard about Direct Market Access (DMA). I'm curious to know how DMA execution differs from Electronic Communication Network (ECN) execution and which one is considered the better model. Additionally, given that many features may not be available in Straight Through Processing (STP), is it still a relevant option for brokers to only offer STP execution? Finally, as a beginner trader, which execution model would be the best for me to choose? Hope there is an answer about that, thank you!
Apr 20 2023
Choosing between DMA and ECN when it comes to how brokers handle trades can be a tough decision as both have their advantages and disadvantages. DMA, which is like a direct line to the market, is great for those who want to stay up-to-date with real-time market happenings and how other traders are trading. On the other hand, ECN is a network where traders' orders are matched up with other traders directly, which means you can get better deals and prices. (read : What is DMA?)
STP is still a popular option among brokers because it's a reliable and fast method, even though it might not have all the fancy features of DMA or ECN.
If you're new to trading, it's important to figure out what you're looking for in a model execution. DMA could be the way to go if you want to stay on top of market happenings, but if you're looking for speed and good pricing, ECN might be the better option for you. If you want something simple and straightforward, STP is a solid choice. Ultimately, the decision of which model execution to choose depends on what works best for you and your trading style.
Apr 21 2023
Hey everyone, I wanted to share some additional information with you. As you may know, DMA is not commonly offered by brokers due to the high cost of maintaining direct connectivity to the market's order book. Typically, brokers with larger trading volumes and more resources offer this service.
However, if you're looking for a similar trading experience with direct market connectivity, you may want to consider ECN. Although there are some differences between DMA and ECN, ECN still offers many of the same functions that can support your trades. In fact, ECN may require a lower deposit compared to DMA. So, if you're looking for a way to trade directly with the market, ECN could be a great option for you.
Apr 20 2023
I've been browsing through this site and came across various brokers that offer different execution models, from STP to ECN. However, I'm a bit confused about the differences between STP and ECN, particularly when it comes to their liquidity providers. Both models claim to have direct market access, so why do they have different liquidity providers? Do brokers really need these providers to access the Forex market? I would appreciate it if someone could explain this to me
Apr 21 2023
Sure, I can give it a shot! So, the main difference between the liquidity providers for STP and ECN models is that for STP, the broker acts as the middleman between the client and the liquidity providers, while for ECN, the clients' orders are matched directly with other market participants.
Now, you might be wondering why the broker even needs a liquidity provider in the first place. Well, the Forex market is huge and operates 24/7, so it's not always easy for a single broker to find someone on the other side of a trade. That's where liquidity providers come in - they act as a bridge between brokers and the market, providing them with access to a vast pool of liquidity from various sources.
To sum it up, STP brokers use a secondary liquidity provider that relies on a primary liquidity provider to access the market. On the other hand, ECN brokers have direct access to the primary liquidity provider to access the market.
Apr 24 2023
I've heard that ECN brokers like IC Markets can be a safe and reliable option for traders, but I'm curious about how they are regulated to ensure trader safety. Specifically, what are some of the regulatory requirements that ASIC imposes on brokers like IC Markets, and how do these regulations help to ensure that traders are trading with a safe and reliable broker? Also, I'm wondering if you have any thoughts on whether ECN brokers are generally considered to be a safer option compared to other types of brokers? Thank you!
May 1 2023
ECN brokers like IC Markets can be a safe and reliable option for traders, as long as they are properly regulated. In the case of IC Markets, they are regulated by ASIC, which is a respected regulatory body that helps to ensure that traders are trading with a reputable and safe broker. ASIC imposes strict regulatory requirements on brokers, such as maintaining adequate capital reserves, segregating client funds, and providing fair pricing and execution. These regulations help to ensure that traders are protected and that they are trading in a fair and transparent environment.
As for whether ECN brokers are generally considered to be a safer option compared to other types of brokers, it really depends on the specific broker and how they are regulated. ECN brokers are generally known for providing a more transparent and competitive marketplace, which can help to level the playing field for retail traders.
Apr 28 2023
Hello! I'm relatively new to the world of forex trading and have been hearing a lot about the concept of 'direct access to interbank prices.' I'm curious about how this type of access works and what it means for traders in the forex market. I came across an article that mentioned IC Markets' ECN feature in relation to direct access, and I'm wondering how this feature provides traders with access to interbank prices. Can you explain what direct access to interbank prices is and give me an example of how it works? And how does IC Markets' ECN feature fit into this picture? I'm eager to learn more about the different types of access available to forex traders
May 3 2023
Direct access to interbank prices is a type of trading access that allows forex traders to buy and sell currency pairs at prices that are directly linked to the interbank market. The interbank market is where large financial institutions, such as banks, hedge funds, and other financial institutions, trade currencies with each other.
When traders have direct access to interbank prices, they can execute trades at the same prices that these institutions use to trade with each other. This can provide traders with more competitive spreads, faster execution times, and potentially lower costs overall.
One example of how direct access to interbank prices works in practice is through a feature like IC Markets' ECN (Electronic Communication Network) system. ECNs are electronic systems that connect buyers and sellers in a marketplace by providing a platform for price discovery and execution. Essentially, an ECN connects traders directly to the interbank market by aggregating prices from different liquidity providers, and then allowing traders to execute trades at the best available prices.
May 2 2023
As you know, the interbank market is the foundation of the forex market. It is where large financial institutions, such as banks, hedge funds, and other financial institutions trade currencies with each other. These institutions are the primary players in the forex market, and they account for the majority of the daily trading volume.
As a retail trader, you do not have direct access to the interbank market. Instead, you access the forex market through intermediaries such as forex brokers. These brokers act as intermediaries between you and the interbank market, providing you with a trading platform, pricing, and access to liquidity. And one of them is IC Market!
as the other have said, Direct access to interbank prices is a feature that some brokers offer, which allows you to access pricing directly from the interbank market. This means that you can see the same prices that the large financial institutions are trading at and potentially get better pricing and faster execution times.
May 12 2023
Hey there! I saw some comments from traders online complaining about slippage and requotes when trading with IC Markets, an ECN broker. It made me curious about how common these issues are with ECN brokers and if there are any specific factors that could contribute to them.
So, my question is, what are the possibilities of experiencing slippage and requotes when trading with an ECN broker like IC Markets? And are there any steps that traders can take to minimize the risk of encountering these issues?
I understand that slippage can occur when the price of an asset moves quickly and there is a in executing a trade, resulting in a different price than what the trader intended. Meanwhile, requotes happen when the price of an asset changes between the time a trader clicks to execute a trade and the time the order is actually executed, requiring the trader to confirm or adjust their order.
But, how often do these issues occur with ECN brokers like IC Markets? And are there any specific market conditions or factors that could increase the likelihood of experiencing them? Additionally, are there any strategies or tools that traders can use to reduce the chances of slippage and requotes?
I would appreciate any insights you can provide on this topic. Thanks!
May 13 2023
Slippage and requote are common issues that traders face when trading with any broker, not just ECN brokers like IC Markets. But hey, I totally get why you're concerned about it. I've seen some comments too where traders complain about experiencing slippage and requotes with IC Markets.
However, it's important to keep in mind that slippage and requote can happen due to a variety of reasons, including market volatility, internet connection speed, and even the type of trading strategy being used. That being said, IC Markets does have measures in place to minimize the occurrence of slippage and requote, such as their advanced order matching technology and low latency trading servers.
But hey, if you're still worried about it, my suggestion would be to test out the broker yourself and see how it performs for you. Every trader's experience can be different, so the best way to know for sure is to try it out. And if you do encounter any issues, don't hesitate to reach out to their customer support team for assistance.
May 14 2023
Hey there! So, unfortunately, there's no guaranteed way to completely avoid requote and slippage, even if you're working with an ECN broker like IC Markets. But don't worry, there are some things you can do to minimize the chances of running into these issues.
May 13 2023
Hey there! I'm a total newbie and I just read this article about IC Market being an ECN broker. Apparently, they offer direct prices for assets, higher liquidity and transparency, and lower spreads compared to other brokers. And get this, they also have an NDD system! I'm not sure what that is though, haha. I read that it stands for "Non Dealing Desk," but I'm not exactly sure what that means.
I'm curious, are there any brokers that use a DD system instead? What are the benefits and drawbacks of using a DD system?
May 14 2023
So basically, a DD (Dealing Desk) system is the opposite of an NDD (Non-Dealing Desk) system. With a DD system, the broker acts as the counterparty to your trades, meaning they take the other side of your trade. This can result in a potential conflict of interest, as the broker may have an incentive to manipulate the market or trade against you. DD also known as market maker.
On the other hand, an NDD system like the one used by IC Markets means that trades are executed directly in the market without the involvement of a dealing desk. This can result in greater transparency and less potential for conflicts of interest.
The benefits of a DD system are that it can provide faster execution of trades since the broker is the counterparty and can provide instant quotes. However, there is also the potential for the broker to manipulate prices in their favor. You can read more about the benefit of DD at here : Are DD Brokers always bad?
Overall, both DD and NDD systems have their pros and cons, but as a beginner, it's generally recommended to go with a reputable broker that uses an NDD system to minimize the potential for conflicts of interest and ensure fair execution of trades.
May 22 2023
Absolutely, it's fantastic to see that IC Markets is an ECN broker! That means they can offer lower spreads and lightning-fast execution, which is incredibly appealing, especially for scalpers and EA traders. There's no doubt that trading with them would be a great choice. However, I do have a lingering curiosity about the interbank concept. While I understand that banks and central banks play a significant role in the interbank market, I wonder if there are other participants involved when trading with IC Markets. Could you shed some light on the additional participants in the interbank market beyond banks and central banks?
Moreover, I've heard that trading with an ECN broker like IC Markets can be highly advantageous. The direct access to the interbank market is often highlighted as a key benefit. But I'd like to explore this further to better understand the advantages of trading directly with the interbank market. Is it truly beneficial to have this direct access?
Additionally, if I decide not to trade with an ECN broker like IC Markets, I'm curious about the liquidity providers that would still be available to me. Can you provide insight into the alternative liquidity providers that traders can access if they opt for a different trading setup?
May 24 2023
@Marcus Alfonso: Helloo mate! I gotta say, the interbank market where IC Markets operates isn't just limited to banks and central banks. There's a whole bunch of other players in the mix as well. We're talkin' financial institutions, hedge funds, large corporations, and even other brokers. It's like a tradin' party where all the heavy hitters come together to make things happen.
Now, let's talk about the advantages of tradin' directly with the interbank market. When you trade with IC Markets, you're gettin' direct access to the interbank market, which means you're tradin' at the same level as the big boys. You get real-time prices and access to deep liquidity. It's like bein' right in the heart of the action, where market forces determine the prices and everything is transparent.
One of the major benefits of tradin' directly with the interbank market is the absence of any conflict of interest. IC Markets acts as a facilitator, connectin' you directly to the interbank market, without tradin' against you or takin' the other side of your trades. It's like a fair and level playin' field where your tradin' decisions truly matter.
Hope it can make you clear, mate!
Jun 17 2023
Hey there! I'm really excited to have a chat about IC Markets and their pricing model. It's interesting to know that IC Markets is an ECN broker and sources its pricing from external liquidity providers. This approach actually sets them apart from non-ECN providers in some intriguing ways. By relying on external liquidity providers, IC Markets is able to offer a more diverse and competitive pricing environment to its traders. This means that traders have access to a wider range of market prices and potentially tighter spreads. In contrast, non-ECN brokers typically act as market makers, creating their own pricing, which can sometimes be less transparent and potentially subject to conflicts of interest. Additionally, the use of external liquidity providers allows IC Markets to offer a deeper liquidity pool, which means that traders can benefit from greater market depth and potentially faster order execution. So, by embracing the ECN pricing model, IC Markets aims to provide traders with enhanced transparency, better pricing, and improved execution speed. It's really fascinating how this choice in pricing model can make a significant difference in the overall trading experience. What are your thoughts on this?
Jul 1 2023
@Sheila: Hey, I totally agree with you! IC Markets' decision to operate as an ECN broker and source pricing from external liquidity providers definitely brings some notable advantages to the table.
By relying on external liquidity providers, IC Markets ensures that traders have access to a wider range of market prices. This means that the spreads offered by IC Markets can be more competitive and potentially tighter compared to non-ECN brokers. Traders benefit from a more transparent pricing environment where they can see the actual market rates.
Moreover, the use of external liquidity providers allows IC Markets to tap into a deeper liquidity pool. This means that traders can enjoy greater market depth, which can lead to faster order execution and potentially reduced slippage. Having access to a larger liquidity pool also means that traders have a better chance of executing their trades at desired prices, especially during volatile market conditions.
The ECN pricing model embraced by IC Markets promotes transparency, eliminates conflicts of interest, and fosters a more level playing field for traders. It aligns the broker's interests with those of the traders, as IC Markets earns revenue through commissions rather than profiting from traders' losses.
Overall, I believe IC Markets' choice to adopt the ECN pricing model is a smart move that benefits traders by offering them enhanced transparency, competitive pricing, and improved execution speed. It's a testament to their commitment to providing a top-notch trading experience.
Jul 2 2023
So, let's talk about the benefits of using IC Markets as an ECN broker. I heard that one of the advantages is having direct access to interbank prices. That sounds pretty cool! Can you explain how this works and why it's beneficial for traders? Oh, and what exactly is a No Dealing Desk (NDD) system? How does it contribute to higher liquidity? I'm also curious about the claim of lower spreads compared to traditional brokers. How does IC Markets manage to offer that? And finally, how does IC Markets ensure high levels of transparency? I think transparency is important, especially when it comes to liquidity.
Oct 24 2023
@Josua: Hi there! Let me explain to you about your question! So, IC Markets, as an ECN (Electronic Communication Network) broker, offers traders the distinct advantage of direct access to interbank prices. This means that when you place a trade with IC Markets, it's routed directly to the interbank market, where it can be matched with buy and sell orders from a network of liquidity providers, including major banks and institutions. This direct access typically results in tighter spreads and more competitive pricing, as there are no additional markups.
IC Markets employs a No Dealing Desk (NDD) system, which is integral to its operation as an ECN broker. In an NDD system, the broker does not act as a counterparty to trades but instead routes them directly to the interbank market for execution. This contributes to higher liquidity by eliminating conflicts of interest and providing access to a broader pool of liquidity sources. In summary, IC Markets' ECN model, with direct access to interbank prices and a No Dealing Desk system, offers traders transparency, competitive pricing, and access to a more liquid and efficient trading environment.
Oct 27 2023
The article clearly emphasizes the notion of "high levels of transparency" in the context of IC Markets being an ECN provider, but it's completely understandable if you'd like a more detailed understanding of what this transparency entails. So, let's delve into it: Could you please elaborate on what "high levels of transparency" mean regarding IC Markets and how exactly it works to the advantage of traders?
Furthermore, it's worth exploring whether this transparency applies to other models apart from ECN. Do other trading models or providers also offer a similar level of transparency, and if so, how do they compare in terms of ensuring transparency and fairness for traders? Gaining insights into these aspects can significantly aid traders in making informed decisions about their preferred trading platform and model. Thanks!
Mar 20 2024
Hey there! The article talks a lot about how IC Markets is all about "high levels of transparency," especially since they're an ECN provider. But hey, it's cool if you want to dig deeper into what that actually means, right?
Basically, when we talk about "high levels of transparency" with IC Markets, we're talking about them being super upfront and open about how they do things. They're not hiding anything behind the scenes. You know exactly what you're getting into, which is awesome for traders.
But here's the thing: Does this transparency only apply to ECN or does it extend to other models too? Like, do other trading models or providers offer the same kind of transparency? And if they do, how do they stack up against IC Markets in terms of making sure everything's fair and square for traders?
Mar 24 2024
Hey there! when we talk about "high levels of transparency" with IC Markets, it essentially means they're super open and clear about how they operate. They don't keep any secrets, which is great for traders because it builds trust and confidence.
Now, as for whether this transparency applies to other trading models apart from ECN, it can vary. Some brokers and trading models might also prioritize transparency, but it's not guaranteed across the board. It really depends on the broker's policies and practices.
When comparing different providers in terms of transparency and fairness, it's essential to do your research. Look into factors like how they handle pricing, order execution, and communication with clients. Reading reviews and gathering insights from other traders can also be helpful in assessing a broker's transparency.