United Kingdom-based ICM.com, a multi-regulated brokerage platform, announced on Tuesday the expansion of its offerings by adding several hundred contracts for differences (CFDs) instruments of US-listed company shares.
According to the press release shared with Finance Magnates, the broker is adding 700 new CFDs and all of them will be available on the offered MT5 platform.
The newly added derivatives instruments will include stocks of some of the popular and in-demand companies like Apple, Microsoft, Amazon, Facebook, Alphabet, PayPal, Slack, and CME Group and are now available as CFDs for trading.
Commenting on the development, ICM.com Founder and Director, Shoaib Abedi said: “As a global organization, we always aim to serve our clients to their requirements. The expansion of our portfolio is a logical move towards the creation of an optimal trading environment for our clients.”
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US Stocks Are in Demand
ICM already offers a wide range of investment products that include instruments of spot forex, metals, cash indices, energy futures and others. As stated in the broker’s numbers, it lists more than 5,000 trading instruments.
Earlier this year, the UK-headquartered broker launched ICM Securities, a platform that provides access to several stock markets around the world. The company then detailed that the platform will allow clients to invest in different companies across the United States, Europe and the Arab region, offering more investment diversification options.
Further, ICM partnered with MasterCard to launch multiple prepaid cards. Moreover, this move shows that the company is expanding beyond its core brokerage business.
Meanwhile, the broker is engaged in strengthening its brand value further and has inked multiple sports sponsorship deals in the past several months. ICM has signed a two-year sponsorship deal with the Italian F1 Team, Scuderia AlphaTauri.