IC Markets Partners with Myfxbook to offer AutoTrade

IC Markets has announced that it partnered with Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term portal, Myfxbook, to offer its AutoTrade solution to customers. With a large client base of copy trading and managed accounts, the AutoTrade service is seemingly a natural fit to IC Markets customer needs and offerings. IC Markets becomes the third broker to partner with AutoTrade, following Pepperstone and FXCM UK.

Commenting on the partnership, Alex Rekun, Myfxbook CEO said in the joint press release that, “Our decision to add IC Markets to our Autotrade program was primarily driven by their market leading True ECN spreads and overwhelming Myfxbook user demand.”

Also commenting about user demand and the recent integration of cTrader into Myfxbook, Andrew Budzinski, IC Markets Managing Director added, “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.”

Having been the target of MetaQuotes' server blocking this year, as well as based on user demand, Myfxbook has been diversifying its integration with additional trading platforms. The current partnership as well as Pepperstone’s upcoming release of cTrader, is slated to provide copy traders with multiple variations of platforms to access the AutoTrade solution. In regards to further broker integrations, Myfxbook’s Alex Rekun explained to Forex Magnates that the firm is planning to add connections to additional brokers in the coming weeks.