CFD Trading company, IG Markets is saving its clients huge amounts of money each month through its innovative Price Improvement technology.
IG Markets, Australia’s number one CFD provider*, have collectively saved over A$1,000,000 in recent months thanks to the company’s innovative Price Improvement technology. Clients of CFD trading company IG Markets, Australia’s number one CFD provider*, have collectively saved over A$1,000,000 in recent months thanks to the company’s innovative Price Improvement technology as clients may receive a better order price when they place a trade.
Over the past few months there has been a marked increase in volatility. During these times, prices can fluctuate very quickly and should this be in the client’s favour then the savings may be passed on immediately, avoiding the need for re-quotes.
In addition to Price Improvement technology, PureDeal is well known for its browser-based technology, pro-level charting package, risk management tools, customisation options, one-click dealing and easy-to-build watchlists. It can be accessed either via an internet browser running on a Mac or PC, or over a wide range of mobile devices such as smartphones, PDAs, BlackBerrys and the iPhone.
Recently IG Markets has been acclaimed for its trading platforms features. As independently researched by Investment Trends in 2010, IG Markets achieved the highest satisfaction rating for the range of features available on its PureDeal platform.
Australia’s high-growth contracts-for-difference (CFD) market is now the world’s second most evolved, a research firm says. However, traders are demanding ongoing education to help them understand the high-risk, leveraged derivatives. CFDS are considered a niche online trading market that attracts self -directed investors.
Research firm Investment Trends said 80 per cent of the 39,000 Australians trading CFDs want more seminars and education. “There is a much higher demand for education in the CFD market than in the broader share trading market,” Investment Trends principal Mark Johnston said.
Around 15 per cent of stock brokers offer advice on CFDs, and 70 per cent of traders rely on CFD providers’ websites for information, he added. Half used a demonstration account to educate themselves before they started trading, Mr Johnston said. “Retail investors are confused about how CFDs work, do not understand the significant risks in trading CFDs, do not seek financial advice before investing,” the Australian Securities and Investments Commission said at the time.
CFDs are usually traded by sophisticated traders taking geared, short-term positions in volatile markets, who have traded shares frequently over several years. Attempts by some CFD providers to appeal to less sophisticated retail investors through advertising campaigns caught the attention of the corporate regulator in July.
Leading online financial products trading company AvaFX has established an office in Paris as part of it’s strategy to provide the best quality service and support to its growing French customer base. “Since online CFD and forex trading is relatively new in France, many traders have been waiting for an opportunity to learn and gain more expertise. Our seminars and conferences are a great opportunity for French customers to acquire knowledge and discuss their strategies.”
French traders will now be able to receive local support and enjoy the whole suite of Ava’s services including a wide variety of complimentary seminars and conferences on CFD and FX trading in the new Paris office.
Manager of the new Paris Office Florent Le Manach, noted that “since online CFD and forex trading is relatively new in France, many traders have been waiting for an opportunity to learn and gain more expertise. Our seminars and conferences are a great opportunity for French customers to acquire knowledge and discuss their strategies.”
AvaFX CEO, Emanuel Kronitz commented that “this new office comes quickly after our acquisition of a regulated online Japanese FX trading company. This highlights the success of our strategy to continue our impressive growth through global expansion, organic marketing, and selective acquisitions within key target markets”.
The new French office is part of AVA CAPITAL MARKETS LTD., the European arm of the AvaFX Group, an Irish regulated CFD trading broker offering one-click FX, commodities, indices, stocks, and bonds trading. Since starting four years ago, AvaFX has become one of the fastest growing forex & CFD trading companies.
Through its client oriented approach AvaFX has gained over 50,000 clients globally and trading more than $40 billion per month. AvaFX provides multiple trading platforms for he beginner and expert trader. Expert data and analysis is provided by the company in order to better assist clients to trade more effectively and profitably. AvaFx’s success can be attributed to their customer focused approach which has seen the company win many awards in the past twelve months including the Daily Forex customer service award. CFDs In France
Financial betting operator London Capital yesterday downplayed the impact of Betfair’s nascent CFD trading platform, insisting it would not affect their core business.
London Capital’s chief executive Simon Denham stated that Betfair’s recently debuted LMAX platform would not hurt business as his company announced substantial revenue growth in the first half of 2010 courtesy of volatile financial markets.
Last month Betfair’s new platform, LMAX, was approved by the Financial Services Authority, which regulates financial services in the UK. LMAX is still being developed by Betfair and will specialise in contracts for difference (CFD) betting, operating apart from the betting exchange’s existing Tradefair spread betting product.
Unlike spread bets CFD’s are liable to capital gains tax in some cases. Denham, however, felt that it was worth commenting on the venture, which now has the backing of US banking giant Goldman Sachs, as part of London Capital’s interim report published yesterday. In addition, Denham argued that ever increasing regulatory and capital requirements make the success of new entrants to the financial betting market “increasingly unlikely”.
London Capital already plays host to Betfair’s spread betting offering, Tradefair, as part of its white-label business, which includes backend provision for companies such as Paddy Power and PartyGaming.
Financial betting has seen significant growth over recent years, assisted by world-wide market jitters, and on July 2 this year the UK’s market leader IG Group attained a higher capitalization value than the London Stock Exchange.
Despite contending that Betfair’s plans would not affect the company, London Capital said yesterday that it too would be launching a pair of CFD offerings.
Ongoing financial uncertainty has benefitted the company, with revenues leaping 61 percent year-on-year, from £12.9m in the prior-year period to £20.9m in the last six months.
Risk Management is essential to your CFD trading success. Jeff Cartridge will share with you his simple formula for controlling risk when trading CFDs.
There are certain times of the year when seasonal trading opportunities present themselves and this can dramatically improve your CFD Trading results. Here are the best seasonal trades on the Australian stock market.
GAIN Capital Holdings, Inc., a global provider of online trading services, today announces the addition of equity index CFDs to its FOREX.com offering in Australia and the launch of a new Australian website for its clients, featuring enhanced web and mobile trading capabilities.
FOREX.com’s equity index CFDs give clients access to trade popular global equity markets, representing major indices in the UK (UK100), Germany (GER30), France (FRA40) and the US (SPX500). Over the coming weeks the range of CFDs will expand to include Australia (AUS 200), Japan (NPN 225), Hong Kong (HK 40), US Indices (NSD 100, US 30) and Eurostoxx (ESTX50).
“We are excited to announce the launch of new equity index CFDs to our clients in Australia, New Zealand and the wider Asia Pacific region, along with the rollout of enhanced web and mobile trading capabilities.” said Glenn Stevens, CEO, GAIN Capital. “Our ambition is to offer our clients access to the world’s most traded market. The addition of index CFDs alongside our existing forex, metals and oil products is an important milestone in that regard.”
FOREX.com opened an office in Sydney earlier this year to provide local customer support and service for its clients in Australia and New Zealand and from the wider Asia Pacific region. The company’s Australian operations are regulated by the Australian Securities and Investments Commission (ASIC).
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Holders of contracts for difference (CFDs), which were at the heart of the Quinn/Anglo Irish controversies, should face additional restrictions, corporate enforcement watchdog Paul Appleby has said. He has suggested that those holding CFDs in a company should be categorised as “related parties” and, as a result, they could be restricted from getting loans from the company.
Such an idea would most likely have prevented Sean Quinn and his family getting loans from Anglo during 2007 and 2008.
Mr Appleby has suggested that “related parties” should simply mean anyone with an investment that “exceeds 10pc of the shares or voting rights”.
Subject to legal clarification, this may allow for those choosing such alternative investments to be appropriately classified as related parties, he said. Mr Appleby described CFDs as part of a “wide range” of possible investments available now in the market. A CFD is an investment that allows an investor to speculate on the direction of stocks without having full ownership of the underlying share.
CFDs provide investors with the all the benefits and risks of owning a stock without actually owning it. ”We are mindful of the difficulties presented by the wide range of possible investment methods available in the market. “However, you will be aware of the particular difficulties caused by for example, contracts for difference,” Mr Appleby said in a letter to Regulator Matthew Elderfield.
