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Industry | Finance Forex trading |
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Founded | 2007 |
Founder | Andrew Budzinski |
Headquarters | , Australia |
Website | www |
International Capital Markets is an Australian forex and CFD broker [1] launched in 2007. [2] It is currently headquartered in Sydney, Australia. [3] [4] It currently sponsors several football clubs such as Bayer Leverkusen and other teams from Bundesliga and La Liga.
Andrew Budzinski formed International Capital Markets (also known as IC Markets) in 2007. [5]
After the Swiss Central Bank dropped the Swiss franc's peg against the euro in 2015, the company announced it would cover 90% of client negative balances after receiving complaints from clients about losses caused by fluctuations in pricing. [6]
IC Markets appointed Denys Denisov as the company's general manager in 2017. [7] He was replaced by former Rakuten Securities Australia chief operating officer Nick Twidale in 2019. [8]
IC Markets launched operations in Cyprus in 2019 after securing a CySEC regulation in 2018. [9] [10] [11]
IC Markets announced it was sponsoring German Bundesliga football clubs Bayer Leverkusen, Hertha BSC, FC Augsburg, Arminia Bielefeld, SpVgg Greuther Fürth, and VfL Bochum in 2021. [1] It also announced sponsorships for La Liga football clubs Real Sociedad, Athletic Club Bilbao, Getafe CF, Granada CF, RCD Mallorca, and Cádiz CF. [12]
IC Markets had initially also signed on as a sponsor for Inter Milan after the club's deal with Pirelli expired, [13] [14] but the club canceled the contract shortly after it was signed. [15] Inter Milan accused IC Markets of failing to comply with contractual payment obligations, while IC Markets denied the accusations. Since IC Markets had made an initial deposit on the agreement, the company sued Inter Milan for reimbursement of the initial payment of €2.5 million. [16]
IC Markets also joined the self-regulatory organization Financial Commission in 2021. [17]
In 2022, the UK's Financial Conduct Authority warned against a clone firm investment scam involving an unauthorized organization known as ICMarketsPro impersonating IC Markets. [18]
IC Markets operates in regions such as Latin America, [19] Africa, [20] Europe, [21] and its native Australia. [22] The organization runs its European operations with its regulated entity in Cyprus.
IC Markets announced support for PayPal fund transfers in 2017. [23]
In 2021, IC Markets announced support for digital currency CFDs on Binance Coin, Cardano, Dogecoin, Tezos, and Uniswap. [24]
IC Markets also offers the Metatrader 4 and 5 and cTrader electronic trading platforms. [25] [26] [27]
In finance, a contract for difference (CFD) is a financial agreement between two parties, commonly referred to as the "buyer" and the "seller." The contract stipulates that the buyer will pay the seller the difference between the current value of an asset and its value at the time the contract was initiated. If the asset's price increases from the opening to the closing of the contract, the seller compensates the buyer for the increase, which constitutes the buyer's profit. Conversely, if the asset's price decreases, the buyer compensates the seller, resulting in a profit for the seller.
IG Group Holdings plc, trading as IG Group, is a United Kingdom-based online trading provider, offering access to spread betting and CFD trading, which allow traders to bet on the direction of equities, bonds and currencies without owning the underlying assets.
FP Markets (First Prudential Markets) is the trade name of FP Markets Group of Companies, a global online investment company.
CMC Markets is a UK-based financial services company that offers online trading in shares, spread betting, contracts for difference (CFDs) and foreign exchange across world markets. CMC is headquartered in London, with hubs in Sydney and Singapore. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Matchbook FX was an internet-based electronic communication network for trading currency online in the Spot-FX or foreign exchange market. It operated between 1999 and 2002.
ZuluTrade is a Greek financial technology company that operates an online and mobile social and copy trading platform. The platform allows users to copy other traders in the forex. As of 2014 ZuluTrade had around one million users and an executed trading volume of over $800 billion.
MetaTrader 4, also known as MT4, is an electronic trading platform widely used by online retail foreign exchange speculative traders. It was developed by MetaQuotes Software and released in 2005. The software is licensed to foreign exchange brokers who provide the software to their clients. The software consists of both a client and server component. The server component is run by the broker and the client software is provided to the broker's customers, who use it to see live streaming prices and charts, to place orders, and to manage their accounts.
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FXCM, also known as Forex Capital Markets, is a retail foreign exchange broker for trading on the foreign exchange market. FXCM allows people to speculate on the foreign exchange market and provides trading in contract for difference (CFDs) on major indices and commodities such as gold and crude oil. It is based in London.
OvalX is a British financial services product providing financial derivatives trading such as contracts for difference (CFDs) and financial spread betting and, As of 2020, corporate brokerage services.
GAIN Capital was a US-based provider of online trading services, headquartered in Warren, New Jersey until it was acquired by StoneX Group in 2020. The company provided market access and trade execution services in foreign exchange, contracts for difference (CFDs) and exchange-based products to retail and institutional investors. Trading was provided via one of two electronic trading platforms, its own proprietary FOREXTrader PRO later renamed as StoneX Pro and MetaTrader 4. GAIN Capital allowed retail and institutional clients to speculate on global foreign exchange markets in what is known as ‘margin forex trading’.
Plus500 is an Israeli-founded London-based firm providing online trading services in contracts for difference (CFDs), share dealing, futures trading and options on futures. The company has subsidiaries in the UK, Cyprus, Australia, Israel, Seychelles, Singapore, Bulgaria, Estonia, the United States, Dubai, Indonesia, the Bahamas and Japan. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
FXOpen is a retail and institutional forex broker offering online trading services via MetaTrader 4, MetaTrader 5 and TickTrader trading platforms. It provides access to the electronic communication network (ECN) to trade currency, commodity, indices and stock CFDs. FXOpen companies operate in Australia, Saint Kitts and Nevis, the United Kingdom and Cyprus and have representatives in a number of other countries.
ADS Securities LLC is a private financial services firm headquartered in Abu Dhabi that offers online trading, investment, wealth management and asset management services for institutional, private and retail clients. It provides foreign investment markets analysis on CNBC, Bloomberg, and CNBC Arabiya.
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FIBO Group is an international financial holding company established in 1998 that provides online trading services (brokerage) mainly on foreign exchange market (Forex). It also offers an electronic trading platform for the purchase and sale of financial securities, CFDs, commodities and cryptocurrencies.
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