Sydney-based IC Markets, an online provider of FX services and ECN trading capabilities, has expanded its service offering by incorporating CFDs on single stocks on the MT5 platform.
Earlier in May, IC Markets joined a growing group of brokers in incorporating MetaTrader 5 (MT5) into its trading infrastructure, becoming the latest venue to launch the platform for its clients. The inclusion of MT5 has seen the expansion of the range of assets offered on the IC Markets platform.
The ASIC-regulated broker broadens its product line as clients’ desire to garner exposure to stock markets has been increasing. The inclusion of single stock CFDs not only helps expand trading capabilities for its clientele, but also attract more traders that are looking to diversify their trading options. The case for adding more assets has been growing in recent years with clients from certain regions keen to actively trade local stocks.
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In a recent statement, the broker informed its clients about the new additions with the initial focus on companies listed on ASX, NYSE and Nasdaq stock exchanges. However, the ultimate goal of the brand is to grow their offering to include single stock CFDs for different companies globally, which will be added gradually.
IC Markets has been aggressively strengthening its comprehensive offering in 2017. Earlier last month, the company added four new cryptocurrencies to its growing suite, just a few weeks after it has become the latest broker to add Bitcoin trading to its platform.
Commenting on the news, IC Markets Director Angus Walker said: “The addition of Stock CFDs is another step towards IC Markets becoming a true multi asset brokerage. In line with the Company’s vision of bridging the gap between institutional and retail traders, we will continue to add the most liquid and popular markets from across the world with aggressive trading conditions to give our traders what they really want”.