by Jeff Cartridge
Choosing the Best CFD Broker for you will depend on finding a broker that provides the services that you require for your trading. It will depend on the instruments you want to trade, the size of your trading account, the frequency of your trading and the trading platform you want to use. But market trends can give an insight into which CFD Broker is best meeting the needs of their traders. The following information is based on an annual report compiled by Investment Trends at the end of 2008.
Biggest Is Best
If biggest is best then according to a survey from Investment Trends CMC Markets comes out at the top of the list as the largest CFD Broker in terms of market share in 2008 with 32% of the market share. IG Markets follows closely behind with 27% and MF Global is number three at 18%. ASX CFDs only account for 1% of the CFD market share, despite the Australian Stock Exchange being behind this new product.
The second tier of CFD brokers with market share all at 10% or less is made up of the following companies. Macquarie Prime holds a market share of 9%, followed by First Prudential Markets, E*Trade, Commsec, City Index, Sonray and Tricom to make up the top 10, in that order.
But Can They Keep It Up
But remember size is not everything and there have been some significant changes in rankings from the previous year. Most notably E*Trade dropped from third place back to 6th and CMC Markets' market share dropped sharply from 60% in 2007 down to 32% in 2008. Falling market share is probably not a good indication of client satisfaction.
Size Is Not Everything
So if you believe that the opposite, rising market share, is a good measure to assess the best CFD Broker then check out IG Markets, Macquarie Prime, MF Global, Commsec and First Prudential Markets who all have increased market share. GFT are a relatively new comer on the scene and are also making strong inroads into the CFD market as well.
It Comes Down To Personal Satisfaction
When choosing the best CFD Provider in Australia for you to trade Contracts for Difference with it will depend on exactly what you want to trade, but Investment Trends suggest that many CFD traders are choosing IG Markets and MF Global as the best CFD Broker in Australia for 2008.
Discover the 7 most Critical CFD trading tips and 2 of the most common CFD Trading Strategies.
Learn more about the CFD revolution by going to CFD Trading Tips
About the Author
Jeff Cartridge is a private trader and investor with a wide variety of investments in shares, CFDs and property. Jeff is the author of the book Supercharge your Trading with CFDs published by John Wiley and Sons.
Jeff has educated tens of thousands of people in Australia and New Zealand presenting for E*TRADE, CMC Markets, Cube Financial, Trading and Investing Expo and Pavilion Securities. Jeff has co created the website LearnCFDs.com
Courtesy: http://www.goarticles.com/cgi-bin/showa.cgi?C=1404946
Choosing the Best CFD Broker for you will depend on finding a broker that provides the services that you require for your trading. It will depend on the instruments you want to trade, the size of your trading account, the frequency of your trading and the trading platform you want to use. But market trends can give an insight into which CFD Broker is best meeting the needs of their traders. The following information is based on an annual report compiled by Investment Trends at the end of 2008.
Biggest Is Best
If biggest is best then according to a survey from Investment Trends CMC Markets comes out at the top of the list as the largest CFD Broker in terms of market share in 2008 with 32% of the market share. IG Markets follows closely behind with 27% and MF Global is number three at 18%. ASX CFDs only account for 1% of the CFD market share, despite the Australian Stock Exchange being behind this new product.
The second tier of CFD brokers with market share all at 10% or less is made up of the following companies. Macquarie Prime holds a market share of 9%, followed by First Prudential Markets, E*Trade, Commsec, City Index, Sonray and Tricom to make up the top 10, in that order.
But Can They Keep It Up
But remember size is not everything and there have been some significant changes in rankings from the previous year. Most notably E*Trade dropped from third place back to 6th and CMC Markets' market share dropped sharply from 60% in 2007 down to 32% in 2008. Falling market share is probably not a good indication of client satisfaction.
Size Is Not Everything
So if you believe that the opposite, rising market share, is a good measure to assess the best CFD Broker then check out IG Markets, Macquarie Prime, MF Global, Commsec and First Prudential Markets who all have increased market share. GFT are a relatively new comer on the scene and are also making strong inroads into the CFD market as well.
It Comes Down To Personal Satisfaction
When choosing the best CFD Provider in Australia for you to trade Contracts for Difference with it will depend on exactly what you want to trade, but Investment Trends suggest that many CFD traders are choosing IG Markets and MF Global as the best CFD Broker in Australia for 2008.
Discover the 7 most Critical CFD trading tips and 2 of the most common CFD Trading Strategies.
Learn more about the CFD revolution by going to CFD Trading Tips
About the Author
Jeff Cartridge is a private trader and investor with a wide variety of investments in shares, CFDs and property. Jeff is the author of the book Supercharge your Trading with CFDs published by John Wiley and Sons.
Jeff has educated tens of thousands of people in Australia and New Zealand presenting for E*TRADE, CMC Markets, Cube Financial, Trading and Investing Expo and Pavilion Securities. Jeff has co created the website LearnCFDs.com
Courtesy: http://www.goarticles.com/cgi-bin/showa.cgi?C=1404946
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