IC Markets BROKER REVIEW
Description
IC Markets is an Australian-based online retail forex and Contract for difference broker trading in financial derivatives headquartered in Sydney. IC Markets specializes in CFDs over Forex, Indices, Commodities, Bonds, and equity markets in Asia and Europe.
IC Markets was founded in 2007 in Sydney, Australia by entrepreneur Andrew Budzinski. In 2009 the company received an Australian Financial Services License from ASIC.
In 2015, IC Markets announced that it would cover negative balances following the Swiss franc flash crash which occurred on 15 January 2015.
In September 2017, IC Markets announced record trading volumes for the month of August totalling US$343 billion.
In June 2018, IC Markets announced record average daily volumes (ADV) of US$19.4 billion in May and a monthly total of US$447 billion. May’s ADV record of US$19.4 billion represents a 24% increase compared to the Q1 2018 average of 15.6 billion. May’s monthly volume total of US$447 billion is a 30% increase (over US$100 billion) compared to the US$343 billion record reported in August 2017. In October 2018, the company announced that it had obtained a license in Cyprus.
Additional information
Specification: IC Markets BROKER REVIEW
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