Is IC Markets an ECN Broker?

What is an ECN broker?

CFD & Forex brokers are generally either Dealing Desk or Non-Dealing Desk brokers. Dealing Desk brokers are also called Market Makers.

But if we look further in the Non-Dealing Desk category, there are 3 more types. 

• STP: Straight Through Processing
• ECN: Electronic Communication Network
• STP+ECN: Hybrid

ECN brokers use (as their name suggests) electronic communication networks to give access to markets for their users. They are also. Non-Dealing Desk brokers. Here, liquidity providers are interconnected in a form of a hub. Usually, commissions are fixed, with ultra-tight, floating spreads, with a 0.1 lot minimum.

What type of broker is IC Markets?

IC Markets is an ECN broker.

IC Markets: further reading

• IC Markets review
• How to delete account on IC Markets
• How to change leverage IC Markets
• How to withdraw on IC Markets
• Does IC Markets allow scalping?