Investment Trends sees MT4 use grow, but overall Australia FX market size shrink somewhat in 2013 as volatility wanes.
Research firm Investment Trends has released its sort-of-annual December 2013 Australia FX Report about is own home market, and it has some interesting findings. Overall, IT has found that The number of Australian FX traders fell by 4% during the year to 51,000, as AUD volatility levels continued on a downward trend creating headwinds for the Australian retail foreign exchange industry.
Usage of the MetaTrader platform continues to rise, with MetaTrader specialists seeing the largest increases in primary market share (by number of relationships) in 2013.
IT sees FXCM and AxiTrader as the clear industry leaders in Australia retail FX. FXCM continues to lead in overall client satisfaction, with AxiTrader leading in customer service.
Some interesting findings in table form follow:
To see the Investment Trends press release on its new Australia FX market report click here.
For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.