IG Offers Clients the Opportunity to Trade on Bitcoin

MELBOURNE, May 7, 2013 /PRNewswire/ --

Australia's number one CFD and FX provider* has started offering a limited risk binary on the popular digital currency, Bitcoin.

IG has introduced a new market enabling its clients to take a position on the value of the popular digital currency, Bitcoin.

Binaries are a straightforward way of taking advantage of volatile markets - the price of one bitcoin has moved from $13.50 in January to $266 in April and has since fallen back.

Binaries take the form of a 'yes/no' question, meaning a client simply chooses whether to 'buy' or 'sell' if they agree or disagree with IG's price levels for Bitcoin.

Head of IG, Asia Pacific, Tamas Szabo, commented: "Bitcoin is a relatively new phenomenon, and we are pleased to offer it as its popularity increases. The new addition of Bitcoin to our range of binary products gives clients the opportunity to benefit from its price fluctuations, while limiting their risk exposure."

To find out more visit: http://www.igmarkets.com.au/cfd/bitcoin-aum-april-2013.html

*By primary relationships, Investment Trends May 2012 CFD Report & December 2012 FX Report.

About IG

IG Markets specialises in financial derivatives, principally CFD trading on over 6,000 global share CFDs, indices, forex, commodities, options, binaries and more. IG Markets is a part of IG Group, a FTSE 250 company established in 1974 which now employs over 1000 staff in 14 countries.

A CFD (or Contract for Difference) is an agreement to exchange the difference in value of a particular asset between the time at which a contract is opened and the time at which it is closed.

IG Markets advises that trading CFDs may not be suitable for everyone, since CFDs are a geared product and can result in losses that exceed an initial deposit, and that product disclosure statements are available from http://www.igmarkets.com.au

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ISSUED FOR:  IG (http://www.igmarkets.com.au)

For further information: MR Chris Weston, Institutional Dealer, TEL (03)9860-1758 or 0416-548-119