Innovation is the key to evolution. This phrase applies to all areas of life, society, person, and finance. The inception of the stock market made becoming rich easier for people with good financial knowledge and instincts. However, as time went by, the way traders dealt in the stock market evolved, enabling people to make millions in a matter of minutes or vice versa. This led to more importance on time and decision-making skills than ever before.
In 2007, with the Internet just beginning to showcase its large and hidden potential, a trading firm began to leverage it. Headed by Mr. Andrew Budzinski, IC Markets, an Australian trading company decided to make a platform. A platform for traders, designed by traders, has taken care of every single aspect that a trader may face issues dealing with.
The First Step
Mr. Andrew Budzinski founded IC Markets with a team of professionals with elaborate experience in the financial trading industry in 2007. Mr. Andrew has almost 2 decades worth of experience, with a proven track record in electronic as well as traditional broking across a range of markets. He has also successfully dealt in a range of financial products such as equities, equity derivatives, FX, CFD’s, commodities, futures, bonds, and managed funds.
One of the primary objectives behind the inception of IC Markets was to bridge the gap between retail clients and institutional clients via a trading solution that was previously only accessible to investment bankers and high net worth individuals.This led to the creation of IC Markets Raw Spread Connectivity. Through this, traders can access superior execution technology, lower spreads, and unrivalled liquidity. It can shave off seconds worth of delay in execution, making each move much more precise.
Most cutting-edge service providers similar to IC Markets have strict quality assurance measures in place, along with major attention to the ethics behind each move. IC Markets has taken it up by a smidge by promising their retail and institutional clients “the most transparent trading experience”. Transparency followed by a high trust quotient by their clients has made IC Markets an unrivalled FinTech leader in the space. IC Markets is regulated by the Australian Securities and Investment Committee (ASIC) and meets strict capital requirements.
“All client funds are kept in segregated client trust accounts with Top Tier Australian banks. IC Markets does not use these funds for any operational expenses or purposes”, Mr. Budzinski shares. This level of service provision has won IC Markets many well-deserved accolades during 2021.
The year 2021 has proven to be one of the greatest years for IC Markets so far.
- This year, IC Markets became the very first forex sponsor within the esports industry by sponsoring OG Esports, a major team.
- IC Markets surpassed $1 Trillion USD Trading Volume in March 2021.
- IC Markets hits another $1 Trillion USD Trading Volume in November 2021.
- IC Markets was named as the Largest Forex Broker by trading volume by q2 Finance Magnates Report 2021.
- the IC Markets team announced their latest sponsorship of 12 football teams across Spain’s LaLiga and Germanys Bundesliga professional leagues.
- IC Markets was also recently named winners of the World Business Outlook Awards 2021 in the following categories:
- Most Reliable Trading Solutions Provider Australia 2021
- Best Trading Experience Provider Australia 2021
- Leading Online Trading Firm Australia 2021
- Lastly, IC Markets remains unrivalled for their Customer Service with a Trust Pilot score of 4.9 and 19,000 reviews.
The Impact of Covid
While Covid-19 has had a detrimental impact on many industries, all over the globe, some industries have also seen a fast-paced growth curve. The financial trading market saw booming business opportunities. Covid-19 made many people question their financial management decisions and investment decisions. Many have also taken the time to re-asses their investment situations and explore other money-making options.
During this time, IC Markets has seen a steep rise in the number of new traders joining the platform. Additionally, older traders have also been much more active during this time period. Hence, IC Markets has witnessed and smartly leveraged the gigantic wave of opportunities brought in by the pandemic. This has contributed to the brisk pace of growth taken up by the firm in the past few years.
The Road Ahead
“IC Markets will continue to offer the best trading experience to our new and existing traders, with the lowest spreads possible, during all market conditions”, Mr. Budzinski says. With optimum focus on customer service, IC Markets will continue to better the platform by keeping their target audience, i.e. traders, as their primary focus.
IC Markets also aims to improve their current offerings of superior spreads over time. The team also aims to capture newer markets and plans to become a Leading Online Trading Solutions Provider nationally and eventually, globally.
What The Traders Have to Say
Could you provide us a few testimonials of your clientele that highlight your company’s position in the market?