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IC Markets Introduces USD/CNH, USD/RUB Trading

Australian Forex broker IC Markets has recently stepped up its efforts to enlarge its offering and today marked no exception to the company's efforts. The broker announced the addition of two very popular currency pairs: the Chinese Yuan (USD/CNH) and the Russian Ruble (USD/RUB) to its lineup of trading instruments. 
 
Trading with these two pairs, which have been associated with high volatility lately, will be available on both Metatrader 4 and cTrader platforms. Apart from the exquisite ECN execution provided by IC Markets, you can count on a leverage of up to 1:500. 
 
In case you want to open an account with the broker and make use of these new additions to the instruments menu, you need $200. This is not a lump sum, given that requirements for initial deposits for ECN accounts are usually way bigger. Or maybe it's just me a having a crush on this broker's cTrader offering. By the way, I cannot wait for the newcomers to IC Markets' platform lineup – we expect Metatrader 5 and tradable
 
Back to the topic of the new additions. The main reason for the introduction of the Russian Ruble is the recent political turmoil in Ukraine, which in its turn has led to large swings in the prices of the Russian currency. IC Markets' managing director Andrew Budzinski elaborated further on the rationale for the introduction of this pair by noting that there has been an increase in the number of Russian clients that the broker has seen. 
 
Regarding the USD/RUB there's one more important thing to highlight – IC Markets is the first Australian Forex broker to introduce this pair. Well done!
 
Of course, due attention should be paid to the introduction of the USD/CNH pair too – the broker says the count of Chinese traders has been on the rise. Moreover, an increased number of traders have been seeking to profit from the moves in this currency – Budzinski mentioned a Yuan fall of nearly 13 big figures since the beginning of 2014. 
 
We should also note that trading with China's offshore currency is offered only by a handful of Forex brokers across the globe, such as Forex.com, ThinkForex, Saxo Bank, FXDD, and easy-forex. Meanwhile, the Chinese currency enjoys a more important role in global payments – it ranked seventh amid global payments currencies in January 2014, according to the latest report by SWIFT.
 
 

About IC Markets

 
Headquartered in Sydney, International Capital Markets Pty Ltd (IC Markets)  is a provider of on-line forex trading services, offering individual traders, money managers and institutional customers proprietary technology, tools and education to trade on-line. IC Markets has distinguished itself among industry leaders with its unique True ECN forex technology, proprietary tools and services, and remarkable focus on customer service. IC Markets is regulated by the Australian Securities and Investments Commission in Australia.
TAGS: ic markets  ic markets forex broker  forex broker australia  usd/rub  usd/cnh  yuan  ruble  china  russia  forex trading  new instruments  trading instruments  currency pairs 

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