IC Markets

IC Markets is an Australian-based online retail forex and Contract for difference broker trading in financial derivatives headquartered in Sydney.[1][2] IC Markets specializes in CFDs over Forex, Indices, Commodities, Bonds, and equity markets in Asia, Latin America, Middle East, Australia and Europe.[3][4]

IC Markets
TypePrivate
IndustryFinancial services
Founded2007 (2007)
FoundersAndrew Budzinski
Headquarters
Sydney
,
Australia
ProductsRetail forex trading, Contract for Differences
Number of employees
260 (2020)
Websitewww.icmarkets.com/en/

History

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, with No. 335692.[5][6][7]

In 2015, IC Markets announced that it would cover negative balances following the Swiss franc flash crash which occurred on 15 January 2015.[3]

In September 2017, IC Markets announced record trading volumes for the month of August totalling US$343 billion. In the same year IC Markets introduced 4 Cryptocurrencies to its forex offering[8]

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.[9]

In December 2019, Nick Twidale was appointed as the General Manager.[10][11]

Operations

IC Markets is headquartered in Sydney, Australia and its legal entities are registered in the Seychelles, The Bahamas, and Cyprus.[12][13]

Platforms and mobile trading

IC Markets offers MetaTrader 4 and 5, Ctrader and supports trading tools via web, desktop, and mobile. [14][15]

Cryptocurrencies

In 2017, IC Markets launched crypto CFDs in Bitcoin, Bitcoin Cash, Ethereum, Dash, Litecoin, Ripple, EOS, Emercoin, Namecoin, and PeerCoin.[16][17]

Indices

The stock indexes covered by IC Markets CFDs includes S&P 500, Dow Jones Industrial Average, FTSE 100, and the Australian S&P 200.[18][19]

Commodities

IC Markets offers CFD's for precious metals, soft commodities, and energy commodities including WTI Crude Oil, Brent, and Natural Gas.[20][21]

Regulation

IC Markets is regulated by the CySEC authority in the EU. It is authorized by the Financial Conduct Authority (FCA) in the Seychelles, BS in the Bahamas and by the ASIC in Australia.[22][23]

References
  1. "IC Markets Becomes Latest Broker to Brace for Potential Brexit Impact". Finance Magnates.
  2. "IC Markets Review". Eglise La Combe.
  3. "IC Markets Covering Negative Losses". Finance Magnates. 5 February 2015.
  4. "IC Markets". Crunchbase.
  5. "IC Markets Trading Platforms". 55brokers. Retrieved 26 February 2020.
  6. Ian, Douglus (23 July 2018). "The final review 2018 for International Capital Markets Broker". Engine Forex Broker. Retrieved 2018-08-12.
  7. "IC MARKETS REVIEW 2020". forexbrokerlisting.com.
  8. "Australia Retail FX broker IC Markets reports record volumes of $343 billion for August". Leaprate.
  9. "IC Markets Obtains CySEC License, Opens Cyprus Office". Finance Magnates. October 19, 2018.
  10. "IC Markets Appoints Nick Twidale as General Manager | Finance Magnates". Finance Magnates | Financial and business news. 2019-12-11. Retrieved 2020-12-23.
  11. "Australia Forex - IC's Angus Walker moves to Global Prime, replaced by Nick Twidale". FX News Group. 2020-06-19. Retrieved 2020-12-23.
  12. "Best Forex Brokers In Bahamas 2021 (Top 10)". FxBeginner. 2020-09-03. Retrieved 2020-12-23.
  13. "IC Markets Get CySEC Regulation". Best cTrader Brokers. 2018-12-04. Retrieved 2020-12-23.
  14. "How to use the IC Markets MT4 download?". www.expertinvestor.net. Retrieved 2020-12-23.
  15. "IC markets Account Verification Procedure". Forex Education. 2020-06-12. Retrieved 2020-12-23.
  16. Team, Comparic (2017-08-18). "IC Markets To Embrace Cryptocurrency Trading, Adds Bitcoin - comparic.com". Forex News, Analysis, Charts and Forex Brokers |comparic.com. Retrieved 2020-12-23.
  17. "Trading Cryptocurrency With IC Markets – What's the Experience Like? | The Next Bitcoin". Retrieved 2020-12-23.
  18. Andrew Blumer. "15 Best Sp 500 Brokers & trading Platforms for 2021". Comparebrokers.co. Retrieved 2021-01-12.
  19. "IC Markets | Aslan Group". www.aslanforex.com. Retrieved 2021-01-12.
  20. "IC Markets Review 2020 | Public Finance International". www.publicfinanceinternational.org. 2020-07-27. Retrieved 2021-01-12.
  21. "IC Markets". CFD certificates. Retrieved 2021-01-12.
  22. Harvel, Erika (2018-10-20). "Australian broker IC Markets acquires CySEC license". Hercules.Finance. Retrieved 2020-12-23.
  23. "Cyprus Securities and Exchange Commission | IC Markets (EU) Ltd". CySEC.gov. 2020-12-23.

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