Access to equities key to new CFD traders

financial-planning/investment-trends/equities/CFDs/

20 October 2015
| By Nicholas |
image
image
expand image

Being able to access equities through trading platforms will be crucial for investors looking to make their contracts for difference (CFD) trades assess providers.

Research from Investment Trends found 61 per cent of investors planning to make their first CFD trades over the next 12 months said access to equities was one of the most important features they would consider when selecting their future provider.

Investment Trends senior analyst, Irene Guiamatsia, said that CFD trader numbers grew for the second year in a row, from 42,000 in 2014 to 43,000, despite turbulence in the foreign exchange (FX) market.

"The two per cent growth for the second consecutive year means the Australian CFD industry has nearly recovered from the contraction seen back in 2012/13, when the global leveraged trading industry was marred by volatility drought," she said.

"The healthy state of the industry in the midst of challenges posed by the January 2015 Swiss Franc crisis is a laudable outcome.

"Our research shows there was an underlying shift in product usage with fewer trading CFDs over FX at the benefit of trading CFDs over shares and indices."

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 2 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 3 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week 1 day ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

1 week 6 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

2 weeks 4 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND