IC Markets hits record $313 billion trading volume in July

Australian forex brokerage IC Markets declared on Tuesday that it has joined the "300 Club" scoring a record trading volume of $313 billion in July. The organization likewise hit a day by day volume record of $21 billion earlier month.

Here are the key details, distributed by the broker:

• July 2017 Volume $313 Billion

• July Average Daily Volume $14.9 Billion

• Q2 2017 Average Monthly Volume $236 Billion

"Reaching more than 300 billion USD in volume is a striking milestone," remarked IC Markets' Managing Director Andrew Budzinski. "We anticipate that these numbers should keep on developing in the coming a very long time as we center around customer procurement and maintenance," he included.

The organization ascribes this accomplishment to the broker's better estimating and than the way that the USD slid to its most minimal dimension in over a year. IC Markets' trading conditions really appear to be appealing, offering a normal spread of 0.1 pips on EUR/USD om MT4 ECN accounts with commission of $3.5, meaning that normal trading costs per standard part for this pair are around 0.8 pips.

Fused in Sydney, Australia in 2007, IC MARKETS is a NDD broker giving trading in wide scope of budgetary instruments. The organization behind the brand, International Capital Markets Pty Ltd., is directed by the Australian Securities and Investment Commission (ASIC).

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