Hello, i mailed ICMarket support team asking some question how they work and the replied i got is confusing for me. Can anyone explain me what they mean.
There are no such thing as a Forex broker for retail. All ICM is doing is forward your orders to their partner, which can be a big bank who acts as a market maker (one of several, hence why there is no standardized price for currency pairs). This is covered in the School of Pipsology, check out this article.
https://www.babypips.com/learn/forex/how-to-choose-forex-broker
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In the end we’re not buying or selling anything in forex, we are betting.
Some people who read this won’t believe it.
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Here’s the specific lesson regarding why they are CFD issuers instead of brokers.
This lesson also explains why they aren’t actually brokers. And why you are a “customer” and not a “client” of theirs.
In terms of assessing risk arising from using certain brokers, I would put lax regulatory conmtrols much higher than whether they might or might not be a market maker.