From our beginnings as a pioneer in introducing CFDs to the Australian market in 2002, IG Markets is now the main CFD provider for the highest proportion of current CFD traders, according to an independent survey of Australia’s CFD market.
- IG Markets is the largest provider by primary account
- IG Markets has the highest satisfaction scores in the industry with respect to trading platform and range of markets
- Over one third of all traders who left a provider in the last 12 months are now using IG Markets as their main provider
The fourth annual June 2009 CFD Report by Investment Trends, a specialist market research organisation in the wealth management sector, provided a detailed analysis of the Contracts for Difference (CFD) market in Australia.
We believe our strong customer focus and award-winning trading platform has contributed to the number one ranking - according to the survey we received the highest client satisfaction scores in the industry with respect to our CFD trading platform and in terms of range of markets to trade. Furthermore, pleasing results have come from existing CFD traders; over a third of all traders who left a provider in the last 12 months are now using IG Markets as their main CFD provider.
CFD industry
The annual survey reported that traders are optimistic about the global markets with more than 35% of active CFD traders say they are buying undervalued assets on an opportunity basis and intend to trade more often in the current environment and 27% indicated they intend to increase CFD trading in the year ahead.
The results of the survey also showed that the number of CFD traders in Australia has increased from 26,000 in 2008 to 32,000 as at May 2009. With an additional 30,000 investors indicating they intended to commence trading CFDs within 12 months.
While the ability to short sell and leverage investments remains high on the list of benefits of CFDs, traders also rated strongly the ability to trade Forex and indices, market access 24 hours-a-day and trading in overseas markets.
Significant growth
Our parent company, IG Group, has also experienced significant growth with our annual revenue increasing 40% to £257m (2008: £184m). We have also seen a 75% increase in new account openings year on year.
Tim Howkins IG Group CEO said “This year IG Markets established a market leading position in Contracts for Difference in many of the countries in which we operate. Of particular note, independent market research has just confirmed that we are now the most common primary CFD provider among active CFD users in Australia. Our approach differs from that of some of our competitors. We quote our CFD clients the underlying market price and offer near-instantaneous execution, with around 99% of client orders accepted. Unlike some of our competitors we do not “re-quote” and we are the only CFD provider (other than our own white label partners) to offer Price Improvement whereby the benefit of any significant favourable price movements in the market between order and execution is passed on to clients. I believe that this approach, of high quality, transparent, fair execution is the reason we have attained the position of market leader in so many of the countries in which we operate.”
IG Group Holdings plc is listed on the FTSE 250. Established in 1974 it has grown into a global enterprise employing 800 people worldwide. Its impressive balance sheet boasts total assets of £988 million (A$1.9 billion).