As reported on Wednesday, IC Markets witnessed a trading volume of $1.04 trillion for March 2021, setting a new record.
IC Markets announced their trading volumes have topped $2.84 trillion levels for the first 2021 quarter. In March alone, the number came in at $1.04 trillion.
Assets Demand Pumped IC Markets' Numbers
According to IC Markets, the increase in trading volume was due to a surge in clients and more product diversification, which automatically attracts traders to join.
The Australian broker witnessed a rise in demand for various trading instruments, such as forex, stocks, commodities, cryptocurrencies, and futures. Apart from that, IC Markets is also adding different types of cryptocurrencies and CFD stocks, which are likely to be a crucial factor in attracting more new clients.
Overall, in the first quarter of 2021 from January to March, IC Markets noted a record trading volume of $ 2.84 trillion, or 19 percent more than the first quarter of 2020.
Seeing this record, the CEO of IC Markets, Andrew Budzinski as the CEO of IC Markets commented proudly. He said the main focus of IC Markets is to provide their clients with the best trading experience, so the broker often offers many options for clients to diversify into new asset classes.
Though the outbreak of COVID-19 halted much of the world’s economy, many brokers gain unexpected good fortune due to traders' accessibility and activity in a volatile market. In the case of IC Markets, they managed to earn a total annual volume of $9.32 trillion through 2020, which is now expecting to set another record within the year 2021 with more new traders registered.