The market for contracts for difference (CFDs) is continuing to expand, according to new research released by Investment Trends.
The research found that the number of Australians trading CFDs had risen from 32,000 last year to 39,000, with the increase being driven by new traders entering the market and dormant traders resuming trading again.
The report found that the largest providers of CFD services were IG Markets and CMC Markets. IG Markets is the largest provider with respect to primary relationships with CFD traders holding 29 per cent of the market, while CMC leads in terms of total reach with 39 per cent of current traders holding an account with CMC.
