IC Markets, the Australian retail Forex broker, has made a step towards expanding its services in one of the biggest Forex markets in the world – Russia. The broker has just announced the launch of www.icmarkets.ru, a website specifically tailored for Russian traders.
The reason for the launch, as stated by the company, is the growing demand for its services in Russia. There is nothing astonishing about that given the size of Russia as a country, as well as the fact that the Forex industry became officially regulated in Russia late last year, so that the reputation of this financial business segment is gradually improving amid local traders.
IC Markets will try to lure Russian traders with ECN accounts, 79 trading instruments (including currency pairs, metals and CFDs), as well as access to the popular MT4 platform and cTrader. Social trading is also on the menu.
The maximum leverage is rather generous at 1:500, although that may have to change in the fall, when legal provisions that cap leverage at 1:50 come into force.
Russian clients of IC Markets can now rely on live support in Russian (including a chat), as well as detailed information about all products and services the broker offers in their home language. Information on deposits and withdrawals has been adapted with regards to the Russian market too.
This the second additional website IC Markets launches, after the one for its Chinese clientele, signifying the importance of Russia for the future of the company.
To view the official announcement by IC Markets, click here.
