ASIC regulated Retail FX broker International Capital Markets Pty. Ltd. (IC Markets) informed that it has launched Stock CFD trading for clients on the MT5 platform. The release of Stock CFDs follows the addition of the multi asset MetaTrader 5 platform by IC Markets in May earlier this year, along with a number of other product additions over the last few months, including Bonds and Cryptocurrencies.
The company shared that it has carefully selected the most popular and largest stocks across the ASX, NYSE and Nasdaq stock exchanges, with plans to launch more from different exchanges across the world. Pricing and execution that is designed to be exchange or better gives day traders incentive to use the IC Markets products over traditional stocks.
The IC Markets Stock products are traded as CFDs. This allows traders to speculate on stock prices without actually owning or borrowing the underlying assets. This is ideal for day traders who want to be in and out of the market at the lowest cost. Traders can earn or pay dividends depending on whether they are long or short, while attractive margin rates are used to reduce the amount of capital outlay.
Angus Walker, IC Markets
IC Markets Director Angus Walker said:
The addition of Stock CFDs is another step towards IC Markets becoming a true multi asset brokerage. In line with the Company’s vision of bridging the gap between institutional and retail traders, we will continue to add the most liquid and popular markets from across the world with aggressive trading conditions to give our traders what they really want.