IC Markets Expands Offerings with New Stock and Crypto CFDs

IC Markets is expanding its retail contracts for differences (CFDs) offerings by adding 950 new company stocks and 3 Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, the Australian broker informed Finance Magnates.

The newly added products will include the share CFDs of highly-sought global companies like German Covid vaccine manufacturer, BioNTech, a consumer technology company, Eventbrite, and an eCommerce platform provider, Shopify.

The newly introduced digital currencies are Polkadot, Stellar and Chainlink, three cryptocurrencies that have excelled in the past few months and are highly in demand. These cryptos will complement IC Markets' existing CFDs list of Bitcoin, Ethereum, Litecoin and a few others, which the broker first listed in 2017.

Founded in 2007, IC Markets is a multi-regulated broker holding licenses in Australia, Cyprus, Seychelles and the Bahamas. It offers a long range of derivatives trading products that include Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, indices and commodities, apart from stocks and crypto.

Commenting on the new offerings, IC Markets’ CEO Andrew Budzinski said: “We listened to our clients, and we have responded with these latest additions. We will continue to grow our product offering in line with what traders want while giving them the best possible trading conditions and the lowest possible spreads.”

Retail Trading Is Booming

The broker is expanding its crypto offerings when the digital currency market is going through extreme turmoil. After achieving a record high, the market went into steep correction, shedding almost 40 percent of its peak value.

However, the market volatility is benefiting the Sydney-based broker as it reported a record trading volume for March 2021 when activities surpassed the iconic $1 trillion mark, Finance Magnates reported earlier.

“Our focus has been on providing our customers with the best possible trading experience. By offering more choice, our clients can now diversify their portfolio into new asset classes,” Budzinski said earlier.