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UK Retail FX Markets Contracted in 2013 - Report

Low market volatility depressed leveraged trading numbers in the UK last year but ‘pure’ retail FX trading platforms managed to increase their market share despite this trend, according to research released by Investment Trends. The Australian wealth management and online brokering research organisation reported on their findings, based on a study of UK-based CFD, retail FX and spread-betting (SB) investors. Alpari and FXCM both grew their market share in the UK, with the retail FX market reporting the most modest contraction in trader numbers, down 3% year-on-year. According to research the vast majority of FX traders (74%) use spread betting and/or CFDs to trade currencies but this proportion is falling. In comparison, SB user numbers fell 8% year-on-year to 85,000 while CFD active trader numbers also fell 16% to 21,000. “The equity trading-heavy CFDs were hit the hardest while FX came out relatively unscathed, especially the ‘pure’ FX specialists, many of whom managed...

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