The key findings of the report:
Contrary to the global trend, the Australian CFD market grew in trader numbers despite low volatility in 2014
Usage of mobile trading surged among frequent traders
Overall satisfaction eased at an industry level but remains high
Tamas Szabo, IG's Head of Asia Pacific commented:
"We are pleased to once again be named the number one provider among CFD traders. I was particularly pleased by the level of advocacy - our clients are more likely to recommend us than the clients of any other provider - and to be awarded the best mobile trading service, especially given the surge in use of mobile among the most active traders.
Although IG's overall market share fell in this survey period, our analysis suggests this was predominantly among the least valuable traders, meaning that the simple measure by number of accounts is an increasingly poor proxy for what is actually happening in the market. In terms of client recruitment, IG has had an even bigger share of new CFD traders and switching clients. I firmly believe our stance on how we treat client funds has helped here, with IG choosing to fully segregate these and never to use for our hedging purposes; this cannot be said about all firms in the industry."
A full text of the Investment Trends release is available below in pdf format.
Investment Trends 2014 Australia CFD Report (377KB)
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