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Follow on Google News | Australia – why is it suddenly a retail Forex center?Some of the world's leading Forex firms have recently expanded in Australia.
By: LeapRate At the same time, we've seen very good volume and revenue growth numbers from some of the leading domestic Australia-based firms such as Vantage FX, AxiTrader, Go Markets, and IC Markets (just announced volumes were up 83% in 2011, with more than four-fold growth in volumes from clients in Asia). And some of the foreign Forex firms with long-term presence in Australia – in particular the largest UK-firms – have reported nice continued growth in the country, such as IG Group, which last week reported that Australia revenue grew by 43% in the second half of 2011 (six months to Nov 30/11) versus the prior year. So what is driving this migration toward Australia? See LeapRate's Forex Industry News for all the details at http://leaprate.com/ # # # Which Forex firm should I trade with? LeapRate's Approved Forex Firms list can help you answer that question. LeapRate is an independent research and advisory firm, covering the world of online Forex and CFD trading. Our Approved Firms list highlights Forex firms which in our view do things right – in terms of adherence to proper procedures, regulation, custody of cash, quotes to clients and risk management techniques, among others. LeapRate is followed by thousands of investors and other Forex industry participants via Twitter, email, and our website at http://www.leaprate.com End
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