Is it true that IC Markets is an ECN broker? I couldn't find any of this information on their websites. However, I read in some reviews that IC Market is in fact an ECN broker. Now, I do understand that some brokers might now directly claim to be an ECN broker, but instead, they might have similar practices to a true ECN broker. How do I know if they are a true ECN broker? Any kinds of tips or discussions is appreciated.
Jenniffer Mcclelland: IC Markets is the issuer of the products it provides. We consider ourselves to be a forex provider offering the Raw pricing model as we source our pricing from external liquidity providers, these prices are passed onto you with no dealing desk intervention. In order to provide you with better price certainty and to ensure fast execution speed, we do not offset each and every position with our liquidity providers. We do this in order to provide you with a better overall trading experience.
J Jenniffer Mcclelland
Jun 6 2022
Is it true that IC Markets is an ECN broker? I couldn't find any of this information on their websites. However, I read in some reviews that IC Market is in fact an ECN broker. Now, I do understand that some brokers might now directly claim to be an ECN broker, but instead, they might have similar practices to a true ECN broker. How do I know if they are a true ECN broker? Any kinds of tips or discussions is appreciated.
I IC Markets
Official Response
Jun 17 2022
Jenniffer Mcclelland: IC Markets is the issuer of the products it provides. We consider ourselves to be a forex provider offering the Raw pricing model as we source our pricing from external liquidity providers, these prices are passed onto you with no dealing desk intervention. In order to provide you with better price certainty and to ensure fast execution speed, we do not offset each and every position with our liquidity providers. We do this in order to provide you with a better overall trading experience.