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As retail participation in global forex markets expands, one of the most frequently debated questions remains: how do brokers actually make money?
IC Markets attempts to demystify this topic through a new interview featuring Angus Walker, the company’s Head of Trading, who spoke with trading educator Petko Aleksandrov about brokerage models, platform stability, and the traits that separate consistently profitable traders from the rest.
In the conversation, Walker lays out the fundamental difference between the industry’s two primary execution models:A-Book, where trades are passed directly to liquidity providers, and B-Book, where the broker internalizes client positions. IC Markets is known for operating a predominantly A-Book model, which Walker argues aligns the company’s interests with those of its clients by avoiding conflict-of-interest dynamics.
Walker also highlighted the importance of platform stability and liquidity access, noting that IC Markets invests significantly in infrastructure to ensure fast execution and low-latency conditions — crucial for algorithmic and high-volume traders.
Beyond market mechanics, Walker shared observations from years of working with retail and professional clients. Successful traders, he said, demonstrate consistent characteristics: disciplined risk management, realistic expectations, and an evidence-based approach to strategy development.
Walker pointed to overleveraging and emotional decision-making as the most common reasons for premature account failure. “The traders who succeed treat trading like a long-term business, not a short-term gamble,” he noted.
IC Markets is among the world’s largest retail trading providers, offering access to forex, indices, commodities, bonds, cryptocurrencies, and equities CFDs. The firm is recognized for low spreads, deep liquidity and advanced tools for both discretionary traders and algorithmic systems.
The company continues to expand its educational content and transparency initiatives, including interviews like this one aimed at helping traders better understand industry structure and risks. IC Markets reiterates that all securities trading involves significant risk.
We also reported that IC Markets launches Season 6 of ‘IC Your Trade’ with Bloomberg.