International Capital Markets Pty Ltd (IC Markets), Australia’s leading Forex broker, today announced a partnership with Myfxbook to offer “Autotrade” to Myfxbook users.
Autotrade has many significant advantages over traditional copy trade systems in that copiers are able to automatically limit risk and signal providers only get paid for profitable trades.
Alex Rekun, Myfxbook CEO said: “Our decision to add IC Markets to our Autotrade program was primarily driven by their market leading spreads and overwhelming Myfxbook user demand”.
Some of the key features of the Myfxbook Autotrade system include:
- Ability to assign risk tolerances per account.
- Signal providers are real account holders, demo accounts are not shown.
- Providers are paid for profitable trades only eliminating “volume traders”.
- All statistics shown are transparent and accurate.
- Unlimited demo accounts.
Andrew Budzinski, IC Markets Managing Director said: “This strategic partnership goes beyond just copy trading. Myfxbook recently integrated its services to the cTrader platform. As the largest cTrader broker in the region, we have witnessed this platform’s growth first hand and seen strong demand for the services offered by Myfxbook.”
IC Markets offering is perfectly suited to automated (EA) trading as it provides ideal conditions for day traders and scalpers. With no order size restrictions or stop-loss/ take-profit distance limits, active traders can benefit from trading on IC Markets unparalleled spreads starting from 0.0 pips.
An IC Markets Autotrade account can be opened with as little as USD $1000. A free demo account can be opened from the following link: Myfxbook Autotrade