In a smart move, forex broker IC Markets has introduced its own trading platform, ICFunded.com, which marks this broker's entry into the competitive world of prop trading.

Currently in beta testing, this low spread brokerallows traders to access funds and trade on behalf of the company, expanding services usual broker.

ICFunded.com has attracted the attention of many people, especially among existing IC Markets clients since its initial launch. While still in trial mode, the platform allows clients to explore its features, demonstrating dedication to innovation and meeting changing market needs.

This move towards exclusive trading follows a trend in the industry, with other major brokers such as Axi, Oanda and Hantec Markets also making their mark in this area. This is a way for brokers to diversify their income beyond spreads and commissions.

However, there is some uncertainty in the regulatory landscape, especially regarding demo accounts which are primarily used for training and testing strategies. Despite this, forex broker IC Markets, which is regulated by ASIC, is boldly stepping into this space, demonstrating their readiness to adapt and explore opportunities new growth.

Establishing a prop trading division also gives brokers more control over risk, allowing them to hedge client positions and handle market changes more strategically. This can result in more stable financial performance, especially during volatile times, by managing risk through internal trading activities.

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