<p class=”MsoNormal text-align-justify”>VT Markets, a
Sydney-based global multi-asset broker, says it saw a 125% increase in the
total volume of trades executed on its platform since last year. The broker
also reported a 140% increase in the total number of active traders on its
platform in 2022.</p><p class=”MsoNormal”>VT Markets disclosed
these numbers on Friday in a statement stating its overall performance in
2022 and shared with Finance Magnates.</p><p class=”MsoNormal”>“VT Markets’ success was
driven by an emphasis on innovation, product diversification and expansion into
newer markets. The brokerage ventured beyond traditional trading products and
offered more diverse instruments such as indices, bonds, and ETFs. They also
expanded their business operations globally,” VT Markets explained in the
statement.</p><p class=”MsoNormal”>Chris Nelson-Smith,
Director of <a href=”https://www.financemagnates.com/tag/vt-markets/”>VT Markets</a>, further noted that the broker remains committed to developing its
offering to keep up with the changing markets and industry trends. </p><p>Wondering what it takes to start your FX/CFD/crypto brokerage from scratch? Check out this recent webinar moderated by Finance Magnates.</p><p class=”MsoNormal text-align-justify”>CFD Trading in 2022</p><p class=”MsoNormal text-align-justify”>VT Markets’ success
comes in a year inflation figures are hitting historic highs and brokers and <a href=”https://www.financemagnates.com/forex/how-can-the-retail-fxcfd-industry-withstand-biting-global-inflation/” target=”_blank” rel=”follow”>traders are re-strategizing</a> to adjust to the new market environment. </p><p class=”MsoNormal text-align-justify”>Finance Magnates Intelligence’s <a href=”https://www.financemagnates.com/forex/analysis/retail-fxcfd-analysis-august-ftd-values-hit-all-time-low/” target=”_blank” rel=”follow”>August report</a> notes that
the value of first-time deposits by retail traders into forex and CFD
accounts hit a historic low in August, collapsing to just $663 dollars from $1,354
recorded earlier in July. On the other hand, the average single withdrawal in August
shot up to $2,293, which is a sharp increase from July’s $1,902.</p><p class=”MsoNormal text-align-justify”>These numbers, the intelligence team explained, suggest that at the end of the summer period, new FX/CFD traders were not
interested in investing at all while existing clients were either depositing more or pulling out
their capital.</p><p class=”MsoNormal text-align-justify”>Also, regulators across
key markets in 2022 <a href=”https://www.financemagnates.com/forex/2022-a-year-of-tightening-marketing-regulations-for-retail-brokers/”>tightened
their marketing regulations</a> for retail forex brokers.
In March, the Australian Securities and Investment Commission announced that
they will actively monitor influencers for non-compliant marketing. The regulator warned
brokers to monitor their marketing partners to avoid penalties.</p><p class=”MsoNormal text-align-justify”>This is even as the regulator in <a href=”https://files.moneysmart.gov.au/media/kjvjabp5/young-people-and-money-survey-snapshot.pdf”>the 2021 ASIC Young People and Money Survey</a>
found that 33% of young people aged 18-21-years-old follow at least one
financial influencer on social media. Furthermore, 64% of the participants
report changing at least one of their financial decisions due to an influencer’s action.</p>
This article was written by Solomon Oladipupo at www.financemagnates.com.
