We’ve been recognised time and time again by our industry, both for the services and the technology that we provide.
In addition to being the Global No.1 CFD provider*, the 2015 Investment Trends Australia CFD report has shown the increasing popularity of CFDs amongst traders continuing, and IG is once again the most-used CFD provider amongst Australia’s 43,000 CFD traders*.
The Investment Trends report highlights that Australian traders saw financial strength as a key consideration. For many years IG pushed for legislative changes to prohibit brokers from using client funds for business purposes. We strongly welcome the recent parliamentary passage of a Government Bill that introduces significant protection and reform for client monies in the CFD and FX sectors.
The new legislation provides greater protection for retail client money and property held by financial services licensees in relation to over-the-counter derivative products such as CFD and FX contracts. These amendments align the Australian client money regime with community expectations regarding the level of protection that should be afforded to retail consumers of complex financial products and services, thereby providing protection of client funds should another MF Global or BBY incident arise.