For the first quarter of 2021, the online trading business IC Markets reported yet another quarter of record-breaking growth. All asset classes saw an increase in trade volume, according to the retail trading company.
IC Markets claims that 2021 will witness the continuation of their expansion from 2020, with trading volumes of $2.84 trillion across all instruments for Q1 establishing a record for the company. The figures mirror the industry's record expansion last year, with IC Markets reporting trade volume of $9.32 trillion for the year, exceeding forecasts.
The first quarter of 2021 showed an increase of 19% over the first quarter of 2020, with the biggest trading volume ever for IC Markets in March at $1.04 trillion. The Q1 2021 results laid the groundwork for what may turn out to be another another banner year for the business.
An increase in customers and ongoing product diversity are two factors contributing to the great performance. The company expanded its already wide-ranging service by including new cryptocurrencies and share CFDs.
'Our priority has been giving our clients the greatest trading experience possible. Our clients may now diversify their portfolios into other asset classes because we are giving more options 'says Andrew Budzinski, CEO of IC Markets.
Since its founding, IC Markets has developed a reputation for offering a high-performance trading experience that attracts a devoted customer base of traders. The company's expansion plan is to offer a wider range of products and a market-leading trade experience.
International Capital Markets Pty Ltd, a supplier of Forex and CFD trading services with its main office in Sydney, provides proprietary technology, trading tools, and education to individual traders, managers, and institutional customers. With its distinctive ECN Forex technology, exclusive tools and services, and extraordinary dedication to client service, IC Markets has stood out among industry leaders. The firm is one of Australia's top brokers, with monthly sales easily reaching tens of billions. In Australia, the Australian Securities and Investments Commission oversees IC Markets.