IC Markets Posts $1.016 Trillion Record Trading Volume in November 2021

IC Markets, an Australia-based online retail forex and CFD broker, announced that it has set a new record of monthly trading volume in the month of November, following a surge in trading volume across all asset classes in the month.

The company's trading volume for the month touched $1.016 trillion, a result of its product diversification, growth into new markets, an increased client retention rate 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.

"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,"IC Markets CEO Andrew Budzinski said."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."

Last month, the Financial Commission has approved IC Markets to obtain its membership, effective from November 24th 2021. IC Markets' customers will be eligible for a wide range of services and membership benefits, including, but not limited to, protection of up to €20,000 per client.