- Guaranteed Stops?
- Cuts Out a Dealing Desk?
- Speed of Execution?
- MetaTrader Supported?
- Avoids Charging Withdrawal Fee?
- Spread Fee – AUD/USD
- Minimum Deposit?
- Regulated By
- Headquarters In Australia?
- Promotional Bonus?
- Payment Methods
IC Markets: The Best Forex Broker Account For Advanced Traders
In January 2016 Compare Forex Brokers finalised our 3-month research into the best Forex trading Australia accounts with IC Markers clearly coming out on top. When taking into account elements such as high leverage, super fast order execution, strict Australian regulation and the variety of Forex platforms available it was pretty easy to see why IC Markets came out on top as the number 1 company for advanced, high risk tolerant traders. IC Market’s main selling points for advanced traders includes:
- The highest leverage of 500:1 by the major Australian forex brokers
- The equal fastest execution speeds for Australian forex traders
- No Dealing Desk
- cTrader & MetaTrader platform availability
- Stop loss orders
Our high leverage forex trading Australia account comparison initially started with a list of 10 – 15 of Australia’s best forex trading Australia brokers. Over time, through some in depth research this list was dwindled down to a ‘Top 5’ only. Read our extensive recommendation of IC Markets below to see why we branded them Australia’s best Forex trading Australia account.
IC Markers Offer The Highest FX Leverage
Traders with an expert knowledge of the market and understand the risk return trade off of leverage will be well suited to IC Markets. We recommended IC Markets to expert traders mainly because the company offers the highest leverage available. This has been matched in recent times by ThinkForex & CMC Markets too.
Expert traders will be well versed in how to use leverage wisely to magnify their profits. However, for those in two minds about whether trading Forex with as high as 500:1 leverage take the following into account. A $100 trade at 500:1 leverage means you control $50,000 worth of currency. If that currency pair moves in your favour by 0.1% a profit of $50 would be made or 50% improvement on your initial $100. If market prices move against you however, your entire investment could be wiped out. Know the risks before you proceed with high leverage.
IC Markets Offer The Lowest Spreads For Advanced Traders
If using the advanced Forex trading Australia account with IC Markets, advanced or expert traders can take advantage of the extremely low spreads on offer with the broker. A quick review of the below tables highlights that spreads start at just 0.0 Pips with the popular AUD/USD pairing spread starting at 0.4.
While it is true that a number of the top Forex companies such as Pepperstone offer equally low spreads, IC Market’s 500:1 leverage gives advanced traders with high risk thresholds the ability to take even greater advantage of these low prices.
Trading Platforms Available With IC Markets
At Compare Forex Brokers we absolutely love a smorgasbord of features offered by Forex brokers. The beauty of IC Markets is that they offer a plethora of Forex trading Australia accounts and Forex trading platforms. The choice of platform includes the market leading MetaTrader 4 and MetaTrader 5 platforms as well as cTrader.
Having a quick look at IC Market’s reputation on a whole bunch of review websites, our team found that consumer confidence in IC Markets was incredibly high. A popular 3rd part review site ranked the company 85.6 out of 100 overall and their Forex trading Australia account was credited for that score.
How We Put Together Our Forex Trading Australia Comparison For Advanced Traders
The best advanced, high leverage forex trading Australia account comparison table was created by our dedicated team of Forex professionals. Combined we have 10 years of experience working in the Forex industry and have spent 6 months analysing the industry and critiquing its best players. We created the best broker comparisons for traders looking for low fees, high leverage and also based on risk profile and level of expertise. All brokers included on this website must be regulated and certified. IC Markets holds an Australian Financial Services Licence having set up shop in Australia in 2009.
Please note, the above forex trading Australia account information is put together manually with zero automation. As a result the data provided here might have some minor errors. We recommend that before signing up to an FX company, customers double check the information here with the relevant provider’s website.
The Best Forex Broker For Advanced, High Risk Traders
View the best fx brokers in Australia for experts with high risk tolerance.
Reviewed by Noam Korbl