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The ninth annual June 2014 CFD Report by Investment Trends, a leading global research agency for FX, CFDs and Online Broking, found that despite continued low levels of volatility and subdued investor sentiment, the number of CFD traders in Australia had grown by 2% in the past 12 months to 42,000. This uplift was mainly driven by the large number of dormant clients who resumed trading.
Interestingly, the report highlighted that one third of frequent traders used a mobile platform as their main CFD platform, more than twice as many as in 2013.
The best mobile trading service
Mr Tamas Szabo, IG’s Head of Asia Pacific, commented that “I am delighted that this year again we were awarded the best mobile trading service, especially given the surge in use of mobile among the most active traders. This justifies our ongoing investment in mobile platforms . IG caters for trading on a wide range of devices and operating systems, with apps available for iPhone, iPad, Android phone and tablet, Windows and BlackBerry. We recognise that our clients are increasingly mobile, and immediate access to market opportunities is key.”
In addition, he said “We have focussed heavily in the last 12 months on giving traders all the tools they need to make informed decisions, whilst offering competitive spreads and maintaining a highly reliable trading platform. And we continue to offer one of the widest ranges of markets to trade.”
No. 1 provider among CFD traders
“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. When trading with IG, client funds, along with net running profits, are segregated into a regulated trust account at top tier Australian banks and are not used to meet our trading obligations or for IG’s own hedging purposes; this cannot be said about all firms in the industry.”
“We are pleased to 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.”
If you’re currently not trading with us, discover why we have been named Australia’s no. 1 CFD provider for the fifth year running – create an account today.
Last updated: 07/0/2014
^Results from Investment Trends 2014 Australia CFD Report, based on an online survey of over 12,390 investors/traders
*Calculated by number of relationships - Investment Trends 2014 Australia CFD Report
# 33% of CFD traders choose IG as their main provider vs. 17% for the next largest provider – Investment Trends 2014 Australia CFD Report