Australian FX Industry Grows 4% in 2016: Investment Trends Study
- IG retains top spot in market share, followed by CMC Markets, FXCM, AxiTrader and Pepperstone.
One of the leaders in foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term research, Investment Trends, published the results of its “2016 Australia Foreign Exchange Report”. The study includes 13,000 traders and investors from Australia and was conducted in November 2016.
The findings of the report confirm once more the dominant position of IG Group in the country. The remaining 4 brokers in the top 5 are CMC Markets, FXCM, AxiTrader and for the first time, Pepperstone.
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Commenting on the results, the Research Director at Investment Trends, Dr Irene Guiamatsia, stated: “Not only did Pepperstone succeed in achieving growth in a fiercely contested environment, but they did so while delivering high levels of client satisfaction."
A Growing Market
The Australian retail market for foreign exchange trading is back in shape after years of decline. Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term pockets around the shocking political developments throughout 2016 have been the biggest driver for the rise. Overall the number of clients of FX brokers increased by about 4 percent to roughly 50,000. The figure includes traders that have opened at least one position throughout the year.
“The Australian FX industry has returned to growth, in a perfect illustration of volatility-at-work,” says Dr Irene Guiamatsia.
“A third of those who started trading FX for the first time during 2016 said they saw opportunities in market movements that convinced them to take the first step.”
New Traders Driving Growth
A record 16,000 new traders entered into the market last year, the highest number since 2011.
Throughout the year only 14 percent of active traders changed their FX broker. The number is much lower when compared to 2015’s 21 percent. The main reason for the stabilization is increasing satisfaction with existing brokers.
Clients of Pepperstone voted the company as the highest rated provider in the 'Overall Satisfaction', 'Customer Service' and 'Value for Money' categories of the survey. OANDA snatched top spot in 'Mobile Trading' and 'Education', while CMC Markets was singled out as the broker that offers the best platform features.
One of the leaders in foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term research, Investment Trends, published the results of its “2016 Australia Foreign Exchange Report”. The study includes 13,000 traders and investors from Australia and was conducted in November 2016.
The findings of the report confirm once more the dominant position of IG Group in the country. The remaining 4 brokers in the top 5 are CMC Markets, FXCM, AxiTrader and for the first time, Pepperstone.
[gptAdvertisement]
Commenting on the results, the Research Director at Investment Trends, Dr Irene Guiamatsia, stated: “Not only did Pepperstone succeed in achieving growth in a fiercely contested environment, but they did so while delivering high levels of client satisfaction."
A Growing Market
The Australian retail market for foreign exchange trading is back in shape after years of decline. Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term pockets around the shocking political developments throughout 2016 have been the biggest driver for the rise. Overall the number of clients of FX brokers increased by about 4 percent to roughly 50,000. The figure includes traders that have opened at least one position throughout the year.
“The Australian FX industry has returned to growth, in a perfect illustration of volatility-at-work,” says Dr Irene Guiamatsia.
“A third of those who started trading FX for the first time during 2016 said they saw opportunities in market movements that convinced them to take the first step.”
New Traders Driving Growth
A record 16,000 new traders entered into the market last year, the highest number since 2011.
Throughout the year only 14 percent of active traders changed their FX broker. The number is much lower when compared to 2015’s 21 percent. The main reason for the stabilization is increasing satisfaction with existing brokers.
Clients of Pepperstone voted the company as the highest rated provider in the 'Overall Satisfaction', 'Customer Service' and 'Value for Money' categories of the survey. OANDA snatched top spot in 'Mobile Trading' and 'Education', while CMC Markets was singled out as the broker that offers the best platform features.