IG – leading FX provider three years running

Investment Trends has released its annual December FX report and we have maintained our title as Australia’s no. 1 FX provider. 

The report also revealed that we have a huge 18% primary market share, 6 percentage points ahead of our closest competitor.

And we also came out on top for mobile trading – with our clients being the most satisfied with our range of mobile and tablet apps. Winning these accolades is a huge feat as the FX market is fiercely competitive; they are reflective of our drive to give you the best trading experience possible and our dedication to continuously adapting to our clients’ needs.

Client money protection in focus

The report also revealed the importance of client money protection within the active FX trading community. 57% of frequent FX traders believe key signs of a strong and secure FX provider are their segregation of client money and not using client money for hedging purposes.

There was an interesting comparison made between active and potential FX traders, with only 30% of the latter believing that client fund segregation was a sign of a provider’s strength. This suggests that few potential traders are fully aware of the risks involved when choosing an FX provider.

Unlike some other FX and CFD providers, we are transparent in the way we handle client funds and never use client money for hedging purposes. We also hold all client money, including net-running profits in segregated accounts in top-tier bank accounts.

You can find out more about our client money protection policy here, including important questions you should ask of your provider.

Uptick in MT4 and automated trading

IG released the MetaTrader 4 (MT4) platform last year, and the Investment Trends reported that the use of this platform saw a major uptick in Australia in 2013, increasing by 8% from 2012 to 55%.  We saw a significant uptake in the MT4 platform within our client base and now offer over 57 currency pairs.

We are looking to expand our market offering on the MT4 platform in the near future – it’s just another we ensure you have the edge.

*By primary relationships, Investment Trends December 2013 FX Report.

The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication.