Thursday, September 12, 2013

Week in Review: 9th September to 15th September 2013

Yeah I know it's early, but there'll be no trades for this week. The main reason is that I'm changing my broker to IC Markets. I'll be opting for their "true ECN" account. 

I've tested a demo account for a few months already, and the low spread is unbelievable. The spread on the EURUSD is frequently between 0.1 and 0.3 pips. The commission is 0.7 pips for an Australian account, but with a rebate from an affiliate marketer, this can be reduced to 0.55 pips. 

As always, perform your due diligence. Naturally, you should never deposit your entire risk equity into a single broker. Deposit enough to provide margin + a little buffer only.

My withdrawal from my previous broker came through yesterday, so hopefully I should be up and running next week. 

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