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Screenshot of a breaking news alert e-mail from Q2 2017
Investment Trends annual report places IG #1 overall and AxiTrader as the #1 domestic Australian CFD broker.
Research shop Investment Trends has released its annual review of its home CFD market in Australia, and it contains some interesting findings. Mainly, it seems as though Australia has gone mobile — Australian CFD traders had the highest level of smartphone usage among traders of leveraged products in the six countries surveyed by Investment Trends.
But first, market leaders. UK-based spreadbetting specialists IG (38% market share) and CMC Markets (18%) continue to dominate the Australia CFD scene, holding together more than half of the market. They’re followed by FXCM (5%), and the largest Australia-based broker, AxiTrader (4%).
Source: Investment Trends.
The Australia Forex and CFD industry has seen tremendous growth recently, due both to the attractiveness of the Australia market itself, and the increasing use of Australia as a base for the fast-growing Asia-Pacific region.
To download the summary of the Investment Trends Australia CFD report click here.