IC Markets posts client trading volumes of $1.016 trillion in November
There’s another member of the trillion dollar club.
Leading Australia based Retail FX and CFDs broker IC Markets has announced that it has recorded its highest ever monthly trading volume, following a surge in client trading activity across all asset classes in November.
According to IC Markets the record month is a result of its product diversification, growth into new markets and optimum trading conditions which led to clients taking advantage of high volatility in the markets.
The results follow last year’s unprecedented growth across the global retail trading industry, with IC Markets reporting $9.32 trillion in trading volume for the year. The trading volumes for November eclipsed the previous high of $1 trillion achieved in March this year, at $1.016 trillion for November 2021.
IC Markets CEO Andrew Budzinski commented,
“We are delighted to be bringing more traders across a growing number of markets a greater choice of trading instruments so they can diversify their portfolio whilst taking advantage of the optimum trading conditions.”
“Our traders are staying with us to take advantage of the highly competitive spreads we offer, and our ultra-fast order execution. We’ve worked hard to ensure we deliver a high-performance trading experience that attracts and rewards a loyal following of online traders.”