US Forex market leads in mobile trading, but is shrinking
US Forex market leads in mobile trading explained by professional Forex trading experts the “US Forex market leads in mobile trading” FX trading team.
US Forex market leads in mobile trading
Australia based forex industry research firm Investment Trends has just come out with their US forex market report for 2013. Most of the key findings of the report will be familiar to our readers, with perhaps one surprise — US forex traders are the most ‘mobile’, with more than two thirds of US forex traders having traded using a mobile device (phone or tablet) in the past year. A further 19% of US forex traders said they would probably start trading via mobile in the next year. The two-thirds mobile figure topped UK spread betters (63% mobile) and German CFD traders (60% mobile).
About 4% less Americans traded forex this year than last. Again, that should not be surprising to our readers, as we’ve documented the rapidly consolidating and shrinking US forex industry over the past year or so.
Another interesting note from the report is the high level of trader satisfaction with US forex brokers. According to Investment Trends, fully 88% of online traders rated their main forex broker as ‘good’ or ‘very good’, with just 2% giving a ‘poor’ or ‘very poor’ rating. Traders assessed their main broker across a range of twenty-one areas including functionality, price and service. FXCM — which according to Investment Trends has an approximate 25% share of the US forex market, had the highest overall client satisfaction.
US Forex market leads in mobile trading Conclusion
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