Forex trading volumes in the third quarter set another record for the company increasing by 23% from Q2. Volume increases were accompanied by client account applications which increased by 31% from the previous quarter. The most notable trading volume increase came from clients in China and Europe, with trading activity from Chinese clients up by 12% during the third quarter. Trading volumes from clients in Europe were up by 11% from the previous quarter.
Andrew Budzinski, IC Markets Managing Director said: “We are pleased to see the continuing popularity of our True ECN forex trading account and are excited that traders are taking advantage of some of the lowest spreads in the world with unrestricted trading conditions”.
Milestones achieved by IC Markets during the third quarter include the addition of 17 index CFDs and 19 currency pairs to its Metatrader 4 True ECN account. The addition of these new instruments takes the company’s total offering to 77 currencies indices and metals.
Andrew Budzinski added: “We are committed to constantly improving our offering to satisfy our customer’s needs, it is this commitment that has driven our growth”.
The third quarter also saw a substantial increase in the number of Introducing brokers, money managers and affiliates in key markets, which combined with the continuing popularity of IC Markets True ECN account amongst automated and high frequency traders contributed to the company’s record growth.
IC Markets Metatrader 4 True ECN Forex trading platform allows retail forex traders access to:
• True ECN market place with spreads from zero pips, the lowest spread offered by any Australian based broker;
• 400:1 leverage;
• One-Click Trading and Full Market Depth;
• Access to interbank liquidity from over 50 different banks and dark pools;
• 77 currency pairs, CFDs plus metals;
• Commission rates of only $3.50 per lot; and
• High speed servers in the NY4 data centre.
IC Markets True ECN accounts can be opened with as little as $200 USD and can be accessed via iPad, iPhone and Android mobile phones.
A True ECN forex platform allows traders the ability to hedge, scalp, and use any type of automated or manual trading strategy. There are no restrictions on how close stop loss or take profit orders can be placed to the current market price. IC Markets MetaTrader 4 True ECN platform is ideal for Expert Advisors and traders who scalp the markets.
A demonstration of IC Markets new MetaTrader 4 True ECN platform can be downloaded from the following link: http://icmarkets.com.au/
Notes to Media
About International Capital Markets Pty Ltd (IC Markets).
Headquartered in Sydney, International Capital Markets Pty Ltd is a provider of online forex and CFD trading services, offering individual traders, money managers and institutional customer’s proprietary technology, tools and education to trade online. IC Markets has distinguished itself among industry leaders with its unique ECN forex technology, proprietary tools and services, and remarkable focus on customer service. With turnover well exceeding forty of billion each month the company is one of the leading brokers in Australia. IC Markets is regulated by the Australian Securities and Investments Commission in Australia.
Forex trading may not be suitable for everyone so please ensure that you fully understand the risks involved. Please consider IC Markets PDS available from IC Markets before entering into any transaction with us.
For further information, visit http://www.icmarkets.com or contact IC Markets by telephone on: +612 8014 4280.