IC Markets, a globally recognized forex and CFD broker, has expanded its offering to include more products. The platform’s users now have access to 950 new stock CFDs, which is quite the addition to the existing extensive offering.
In an announcement that was published in the company’s official blog, the Australian broker noted that some of the notable new offerings include BioNTech SE, a German COVID-19 vaccine manufacturer, Eventbrite, and Shopify, a popular eCommerce platform.
Further, IC Markets has also included 3 new crypto CFDs; Polkadot, Stellar, and Chainlink. The three cryptocurrencies have been on investors’ watchlist and seem to be doing well. Their addition on the platform will certainly offer diverse options for traders.
CEO Andrew Budzinski said that the new additions are a response to the rising demand of diverse CFD products on their platform. While speaking to Finance Magnates on the new additions, he said, “We listened to our clients and have responded with these latest additions. We will continue to grow our product offering in line with what traders want while giving them the best possible trading conditions and the lowest possible spreads.”
The new move will make it easier for traders to leverage some well-known NASDAQ and NYSE-listed companies, including Coca-Cola European Partners and Ralph Lauren Corp. The stock CFDs are available in the broker’s MetaTrader 5 platform while traders can access the crypto CFDs across all MT4 and MT5 platforms.
Record Trading Volume Amongst Market Volatility
The new additions are expected to boost the platform’s operations, despite the current volatility in the crypto markets. However, if the recently released Q1 results are anything to go by, the platform is thriving amid all the chaos in the crypto market scene.
The platform’s trading volume surpassed the $1 trillion mark in March of this year. Besides, it recorded a record trading volume of $2.84 trillion in the first quarter of this year, registering a 19% increase from the previous year.
There has been a surge in retail trading over the past year, which has contributed significantly to the record numbers. The wave, which is an aftermath of the global pandemic, has encouraged more people to venture into forex and CFD trading. IC Markets hopes to cater to its global clientele’s diverse needs with these and future additional offerings.
The Sydney-based broker has been in the scene since 2007, when it was launched. Over the years, it has expanded its derivative trading products beyond stocks and forex, to include indices, commodities, and cryptocurrencies. The broker is multi-regulated by top-tier financial authorities in Australia, Seychelles, Bahamas, and Cyprus.
Budzinski earlier said that the brokerage firm was committed to providing the best possible trading experience to its customers. Therefore, the addition of these and more new products will offer their clients more choices, making it possible for them to diversify their portfolios and venture into new asset classes.