IC Markets, the largest forex broker in Australia, has just announced achieving a new record average daily trading volume (ADV) of USD19.4 billion in May. The total transactions handled by IC Markets in a month reached USD447 billion. Thus, IC Markets is one of a handful of global brokers that have managed to achieve monthly trading volumes in the range of 400 billion US Dollars.
The record ADV of USD19.4 billion achieved by IC Markets brokers in May 2018 included an increase of 24% compared to ADV in the first quarter of 2018 which was only USD15.6 billion. The total volume of USD447 billion also marks a fantastic increase of 30% (more than USD100 billion) compared to the record of USD343 billion achieved in August 2017.
These records confirm the performance of IC Markets brokers in the Australian and world markets because not many forex brokers are capable of recording monthly trading volume exceeding USD billion. Regarding this, IC Markets Director Angus Walker said, "The continued growth in trading volume at IC Markets is the result of the success of our customer-first strategy".
Broker IC Markets is one of the leading forex brokers that carry the slogan "True ECN", designing its services for both beginners and experienced scalpers and day traders. The registration process for IC Markets is easy and simple. True ECN connectivity is also supported by direct access to interbank liquidity, tight spreads, fast execution, and responsive customer service.