CFD Industry Survey Reveals Germany and Australia as Only Regions with CFD Client Growth
by
George Tchetvertakov
Investment Trends' study shows that most regions have struggled to record growth in CFD trader numbers over the past 12 months with some exceptions. Survey estimates IG is the prime option for over a third of Australian CFD traders.
The Australian CFD market is performing with more resilience compared to most other geographical regions around the world. In a recently published research report titled “2014 Australia CFD Report”, Investment Trends has identified several interesting trends predominating in the global retail FX and CFD industries.
"We have identified two key findings", Irene Guiamatsia, an Analyst at Investment Trends explained to Forex Magnates. "One is that the Australian CFD market has resisted a global trend of worsening trading metrics and client numbers, the second is the sustained take-up of mobile trading platforms in Asia."
In the report published on September 19th, Investment Trends states: “The number of CFD traders in most of the countries studied by Investment Trends fell in the previous 12 months but the Australian CFD market bucked this trend." Adding, “Against a backdrop of lukewarm investor sentiment and low Volatility levels, trader numbers increased slightly to 42,000 people that traded CFDs at least once in the 12 months leading to June 2014.”
Investment Trends conducts surveys in the U.K., Australia, France, Germany, the U.S, Hong Kong and Singapore, covering both FX and CFD industries. The 2014 Australia CFD Report is an in-depth study of Australian CFD traders’ attitudes and investing habits, based on a survey of 12,398 investors conducted between April 28 and June 22, 2014.
The survey reports that in terms of raw client numbers, the Australian CFD market has grown by 2% over the past 12 months, while U.K. spread betting, U.K. CFDs, France CFDs and Singapore CFDs all reported losses in trader numbers.
The most resilient countries in terms of participation growth, in light of low volatility and subdued trading volumes are Germany (+5%) and Australia (+2%). The worst performing countries are Singapore (-23%) and the U.K. CFD industries (-16%) respectively.
Market Share
In terms of market share, Investment Trends estimates that IG Index is being used by 33% of traders as their primary executing broker and an estimated 38% of Aussie CFD traders have an IG account. It is estimated that IG Index holds an approximate 33% market share of the Australian CFD market overall.
Mobile Trading
As previously reported by Forex Magnates, mobile trading is continuing its surge across the globe and Asia in particular. The adoption of mobile trading increased slightly in Australia with 72% (up 2% pts) of current CFD traders using a mobile platform in relation to trading. This is a moderate level among the countries examined by Investment Trends, behind Singapore CFDs (82%), UK CFDs (73%) and UK Spread Betting (72%).
Mobile trading usage numbers have surged among frequent traders (30+ trades per month) with "33% of frequent traders using a smartphone/tablet as their main means of CFD trading, more than doubling from 15% last year," according to Ms. Guiamatsia.
Naming Names
In terms of overall client satisfaction, FP Markets received the highest client ratings while FXCM scored highest on education, platform features and research tools offered".
IG currently has the highest rated mobile app, while FXCM scored the largest improvement in mobile trading (now ranking 2nd, up from 4th).
The Australian CFD market is performing with more resilience compared to most other geographical regions around the world. In a recently published research report titled “2014 Australia CFD Report”, Investment Trends has identified several interesting trends predominating in the global retail FX and CFD industries.
"We have identified two key findings", Irene Guiamatsia, an Analyst at Investment Trends explained to Forex Magnates. "One is that the Australian CFD market has resisted a global trend of worsening trading metrics and client numbers, the second is the sustained take-up of mobile trading platforms in Asia."
In the report published on September 19th, Investment Trends states: “The number of CFD traders in most of the countries studied by Investment Trends fell in the previous 12 months but the Australian CFD market bucked this trend." Adding, “Against a backdrop of lukewarm investor sentiment and low Volatility levels, trader numbers increased slightly to 42,000 people that traded CFDs at least once in the 12 months leading to June 2014.”
Investment Trends conducts surveys in the U.K., Australia, France, Germany, the U.S, Hong Kong and Singapore, covering both FX and CFD industries. The 2014 Australia CFD Report is an in-depth study of Australian CFD traders’ attitudes and investing habits, based on a survey of 12,398 investors conducted between April 28 and June 22, 2014.
The survey reports that in terms of raw client numbers, the Australian CFD market has grown by 2% over the past 12 months, while U.K. spread betting, U.K. CFDs, France CFDs and Singapore CFDs all reported losses in trader numbers.
The most resilient countries in terms of participation growth, in light of low volatility and subdued trading volumes are Germany (+5%) and Australia (+2%). The worst performing countries are Singapore (-23%) and the U.K. CFD industries (-16%) respectively.
Market Share
In terms of market share, Investment Trends estimates that IG Index is being used by 33% of traders as their primary executing broker and an estimated 38% of Aussie CFD traders have an IG account. It is estimated that IG Index holds an approximate 33% market share of the Australian CFD market overall.
Mobile Trading
As previously reported by Forex Magnates, mobile trading is continuing its surge across the globe and Asia in particular. The adoption of mobile trading increased slightly in Australia with 72% (up 2% pts) of current CFD traders using a mobile platform in relation to trading. This is a moderate level among the countries examined by Investment Trends, behind Singapore CFDs (82%), UK CFDs (73%) and UK Spread Betting (72%).
Mobile trading usage numbers have surged among frequent traders (30+ trades per month) with "33% of frequent traders using a smartphone/tablet as their main means of CFD trading, more than doubling from 15% last year," according to Ms. Guiamatsia.
Naming Names
In terms of overall client satisfaction, FP Markets received the highest client ratings while FXCM scored highest on education, platform features and research tools offered".
IG currently has the highest rated mobile app, while FXCM scored the largest improvement in mobile trading (now ranking 2nd, up from 4th).
Interactive Brokers Expands Offerings with Daily Options on French Stocks
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
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20-22 MAY 2024
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Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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