Investment Trends’ December 2013 Australia FX Report found the number of Australian FX traders who placed a trade in the preceding 12 months fell from 53,000 (recorded in the December 2012 report) to 51,000 in December 2013.
The 2013 report surveyed 13,096 retail investors and traders from 6 November to 22 December 2013.
“Volatility levels continued on a downward trend, creating headwinds for the Australian retail FX industry,” the report said.
“This is in line with trends seen in other markets examined by Investment Trends, particularly in other English-speaking countries such as the UK and US.
“On a global stage, Australia has the second highest ratio of FX traders versus online (physical) share traders (nine per cent) behind the United Kingdom (10 percent).”
The report also found the usage of the MetaTrader platforms has increased but FXCM continues to be the leader in client satisfaction, rated in 18 areas, including functionality, price and service.
“Across the industry, overall satisfaction increased from an already high level, with 79 per cent of current FX traders rating their main provider as good or very good,” the report said.
“FXCM continues to hold the lead with the highest overall client satisfaction. AxiTrader saw a large improvement in overall satisfaction lift them up four ranks to the runner-up position.”
