As we ring in the new year and look back at 2023, a good barometer of what has been going on overall in the global FX and CFDs brokerage sector is taking a look at the publicly traded brokers, and how their shares have performed.
While the vast majority of the hundreds of licensed Retail FX and CFD brokers (and even more unlicensed / offshore brokers) remain privately held companies, a number of the leading brands are “public” and have their shares traded on a daily basis on various stock exchanges – which also requires them to report financial and operating results on a regular basis. These include IG Group, CMC Markets, Swissquote, XTB, Plus500, and NAGA Group.
A quick look at how the shares of these brokers have performed in 2023 provides, we believe, a very good summary of the industry as a whole. It was (overall) a good market for FX/CFD brokers in terms of new client signups and trading volumes (and revenues and profits), but not exactly smooth…
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