Amid the backdrop of fairly strong equity markets globally, continued inflation, but fairly stable cross-currency rates, the online trading FX and CFDs industry had a fairly good year overall in 2023.
However, as we’ve seen previously, it was a very haves-and-have-nots type market, with some brokers and providers setting records while others were struggling to survive, leading to increased consolidation in the sector.
Looking at the B2B segment – i.e. those companies which provide technology and services to the brokerage sector and directly to larger traders – following last year’s drastic move by Apple to remove the popular MT4 and MT5 trading platforms from its App Store (although MT4/MT5 were reinstated in Q1-2023) there was continued movement by brokers to add alternative trading platforms and apps to their lineups. This also led to increased partnerships among various B2B solution suppliers of CRM, KYC and onboarding, liquidity, and bridging…
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