The Q3 2024 Intelligence Report shows a standout quarter for the FX/CFD industry. Trading volumes surged, and interest from Asia reached new highs, with India driving over half of global website visits to top CFD platforms. The report sheds light on key trends shaping the market, from India’s growing digital payment adoption to rising global trading accounts.
Asia Leads Global Traffic
Asia has consistently been the largest source of traffic for FX/CFD-related broker websites, contributing 70% in previous quarters. This quarter, India’s share of website visits climbed to 55%, signalling increasing interest from retail investors. While not an exact reflection of trading activity, this trend highlights India’s role in driving online engagement.
India’s Payment Growth Fuels Market Interest
India’s digital
payment systems are expanding quickly, with UPI (Unified Payments Interface)
leading the charge. Nearly half of all digital transactions worldwide are
processed in India, driven by:
• Widespread smartphone adoption.
• Accessibility in smaller towns and rural areas.
• A shift toward cashless transactions across all demographics.
This shift has made it easier for individuals to participate in online services, including financial platforms like FX/CFD trading.
Trading Volumes Hit Record Levels
2024 has been a standout year for the FX/CFD market, with several key milestones:
• Active Accounts: 4.9 million globally.
• Trading Volumes: Up 32% in Q3 compared to Q1, approaching $20 trillion monthly (excluding Japan).
• Regional Growth: Japan’s FX retail trading volume jumped over 80% compared to Q1 2023.
Looking Ahead
With continued momentum in emerging markets like India, the FX/CFD industry is set to grow further. Future editions of the report will provide valuable updates to help businesses understand these shifts and make informed decisions.
The Q3 2024 Intelligence Report shows a standout quarter for the FX/CFD industry. Trading volumes surged, and interest from Asia reached new highs, with India driving over half of global website visits to top CFD platforms. The report sheds light on key trends shaping the market, from India’s growing digital payment adoption to rising global trading accounts.
Asia Leads Global Traffic
Asia has consistently been the largest source of traffic for FX/CFD-related broker websites, contributing 70% in previous quarters. This quarter, India’s share of website visits climbed to 55%, signalling increasing interest from retail investors. While not an exact reflection of trading activity, this trend highlights India’s role in driving online engagement.
India’s Payment Growth Fuels Market Interest
India’s digital
payment systems are expanding quickly, with UPI (Unified Payments Interface)
leading the charge. Nearly half of all digital transactions worldwide are
processed in India, driven by:
• Widespread smartphone adoption.
• Accessibility in smaller towns and rural areas.
• A shift toward cashless transactions across all demographics.
This shift has made it easier for individuals to participate in online services, including financial platforms like FX/CFD trading.
Trading Volumes Hit Record Levels
2024 has been a standout year for the FX/CFD market, with several key milestones:
• Active Accounts: 4.9 million globally.
• Trading Volumes: Up 32% in Q3 compared to Q1, approaching $20 trillion monthly (excluding Japan).
• Regional Growth: Japan’s FX retail trading volume jumped over 80% compared to Q1 2023.
Looking Ahead
With continued momentum in emerging markets like India, the FX/CFD industry is set to grow further. Future editions of the report will provide valuable updates to help businesses understand these shifts and make informed decisions.
This post is originally published on FINANCEMAGNATES.
