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FXCM, Alpari Raise Their Forex Market Share in the UK

FXCM and Alpari managed to increase their share in the Forex market in the UK from July 2012 to September 30, 2013, the latest study by Investment Trends has shown.

 

During this period, the market share of US Forex broker FXCM rose from 8% to 9%, while the market share of Alpari on the island grew from 6% to 8%. The brokers now take the second and third places, respectively, in the ranking of companies in the UK according to their foothold in the Forex market. 

 

Photo credit: Investment Trends

 

Regarding FXCM, the authors of the report note that in the face of the tough regulatory climate in the United States, the broker keeps expanding its presence and influence abroad – its FX market share has grown at a small but stable pace in France, Germany and Australia too. 

 

The top place amid UK Forex providers belongs (for another year) to IG, although its market share has fallen from 32% to 29% in the designated period. The company succeeded in retaining its top position amid UK providers of spread betting services too. Talking of spread betting, it's worth noting that the number of spread betters fell by 8% against the same period a year earlier, so the company is very robust in this rather challenging environment.

 

But let's look at the overall fortunes of the Forex sector in the UK, as shown by the Investment Trends report. The number of Forex traders declined by 3% from 74,000 to 72,000 between July 2012 and September 2013, a trend similar what we saw with spread betters. 

 

On the brighter side, the traders are rather nicely satisfied with the services provided by FX brokers. FXCM is shining in this respect too, it had the highest rate of customer satisfaction in the Forex market, followed by Saxo Capital Markets and OANDA.

 
TAGS: fxcm  fxcm forex broker  fxcm uk  alpari  alpari uk  forex market share  uk forex  uk forex market  investment trends  spread betting  forex market  ig group 

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