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IC Markets introduces free withdrawals via wire transfer


IC Markets EU and IC Markets Global clients can withdraw money without commission by transfer to a bank account. The broker decided to abolish the fees.

Free withdrawals are available to IC Markets clients registered with the European (EU) and Seychelles (FSA) branches. Commissions still apply to people holding accounts under Australian Jurisdiction (AU).

The early withdrawal fee was AUD 20 (approximately PLN 59). Its withdrawal is, therefore, very good news for the broker’s clients. The decision to remove the commission is related to the change of the bank servicing IC Markets accounts. Citi has replaced the former Australian financial institution.

IC Markets performs well

According to March data, the monthly trading volume on the broker’s platform exceeded $ 1 trillion for the first time. Thus, IC Markets broke the record from the beginning of the pandemic. The increased interest in investing translated into very good results for the company. In the first quarter of 2021, the broker recorded a 19% higher turnover than in the corresponding period last year, reaching a volume of USD 2.84 trillion.

Author: Izabela Kamionka

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