IC Markets

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IC Markets
Private
IndustryFinancial services
Founded2007; 12 years ago (2007)
FoundersAndrew Budzinski
Headquarters,
ProductsRetail forex trading, Contract for Differences
Number of employees
117 (2018)
Websitehttps://www.icmarkets.com/en/?camp=31385

IC Markets is an Australian-based online ECN 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 and Europe.[3][4]

History[edit]

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.[5]

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 2016, the company was listed on a warning notice issued by the French financial regulator Autorité des marchés financiers (France).[6]

In September 2017, IC Markets announced record trading volumes for the month of August totalling 343 billion USD.[7]

In June 2018, IC Markets announced record average daily volumes (ADV) of 19.4 billion USD in May and a monthly total of 447 billion USD. May’s ADV record of 19.4 billion USD represents a 24% increase compared to the Q1 2018 average of 15.6 billion. May’s monthly volume total of 447 billion USD is a 30% increase (over 100 billion USD) compared to the 343 billion USD record reported in August 2017. In October 2018, the company announced that it had obtained a license in Cyprus.[8]

References[edit]

  1. ^ "IC Markets Becomes Latest Broker to Brace for Potential Brexit Impact". Finance Magnates.
  2. ^ "IC Markets Review". Eglise La Combe.
  3. ^ a b "IC Markets Covering Negative Losses". Finance Magnates. 5 February 2015.
  4. ^ "IC Markets". Crunchbase.
  5. ^ Ian, Douglus (23 July 2018). "The final review 2018 for International Capital Markets Broker". Engine Forex Broker. Retrieved 2018-08-12.
  6. ^ "IC Markets Heads List of Broker Warnings from France's AMF". Finance Magnates. February 4, 2016.
  7. ^ "Australia Retail FX broker IC Markets reports record volumes of $343 billion for August". Leaprate.
  8. ^ "IC Markets Obtains CySEC License, Opens Cyprus Office". Finance Magnates. October 19, 2018.