Sydney, NSW -- (SBWIRE) -- 04/20/2015 -- As one of the world's only True ECN forex brokers IC Markets provides trading solutions for active day traders and scalpers as well as traders that are new to the forex market. After looking at the current market condition and to connect to a wider audience the IC Markets Australia's largest True ECN forex broker announced the addition of Chinese Yuan (USD/CNH) and the Russian Ruble (USD/RUB) currency pairs to their MetaTader 4 and cTrader platforms.
About the addition of the new currency, IC Markets Managing Director, Andrew Budzinski said: "Political tension is not the only driver behind the addition of these two currency pairs, we have seen a significant increase in client numbers from both Russia and China. We have also seen increased volatility in the Chinese Yuan against the US dollar as China's central bank intervenes in its currency, squeezing hot money out of speculative positions. The large fall in the USD/CNH of almost 13 big figures since the start of the year represents significant opportunity for our clients in the east."
Experts believe that Russian Ruble has become an interesting topic a result of the political tension between Russia and the Ukraine in Crimea, more and more traders are looking to reap benefits in their forex trading from the current situation. According to the press release issued by IC Markets another major reason for the addition of these new currency pairs linked to two of the world's powerhouse economies which will provide traders with more opportunities to benefit from economic growth and political changes as they unfold.
IC markets trading platforms, low latency connectivity and superior liquidity services are not limited to the forex traders in Australia, the forex broker has a growing rate of popularity and users from across Asia, mainly China. IC Markets has offices in Sydney and China therefore according to the company the addition of Chinese Yuan (USD/CNH) was the next logical step to encourage more people to join. Andrew Budzinski added: "We constantly strive to meet the demands of our clients and will continue to add more pairs in the future, in-line with our global expansion strategy".
The IC Markets Press Release verified that IC Markets has begun trading of these new pairs on its MetaTrader 4 and cTrader platforms with a starting deposit of $200 and leverage of up to 500:1.
For more information, please visit: https://au.linkedin.com/pub/ic-markets/1b/4b4/225
About IC Markets
IC Markets is one of the world's only True ECN forex brokers providing trading solutions for active day traders and scalpers as well as traders that are new to the forex market. IC Markets offers its clients cutting edge trading platforms, low latency connectivity and superior liquidity.
International Capital Markets Pty Ltd
Level 2 / 2 Bligh Street
Sydney, NSW 2000
Phone: +61 (0)2 8014 4280