IC Markets is expanding its retail contracts for differences (CFDs) offerings by adding 950 new company stocks and 3 Cryptocurrencies , 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 , 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.
