IC Markets, one of the biggest brokerage firms announces that the volume trading on its platform rose to a record of $1.016 trillion in November.
IC Markets trading volume last month managed to surpass its previous record in March. The company saw a surge in volume across all asset classes. Sydney-based forex and CFD broker IC Markets announced that it posted its highest monthly demand in November.
Surpassing $1Trillion Mark
IC Markets trading volume for November touched $1.016 trillion, making it one of the few retail brokers to surpass the $1 trillion record. However, this is not the first time the Australian broker has broken records. In March last year, IC Markets experienced an increase in demand due to increased market volatility due to the impact of the pandemic on the global economy.
IC Markets CEO Andrew Budzinski expressed his delight at the company's success in accompanying more traders in a growing market thanks to the wide choice of trading instruments so that they can diversify their portfolio while taking advantage of optimal trading conditions.
"Our traders stay with us to take advantage of the very competitive spreads we offer and our very fast order execution. We have worked hard to ensure that we provide a high-performance trading experience that is engaging and rewards a loyal following of online traders," added Budzinski.
Although IC Markets has succeeded in achieving spectacular trading volumes, they still continue to expand their brand to all global markets, especially Europe, by signing sponsorship deals with 12 football clubs in Spain and Germany and recently joining the Financial Commission.