Retail trading boom cools as cost-of-living crisis hits Europe

Swedish trading platforms Avanza and Nordnet both reported more than 45% declines in net inflows in August, with the average number of daily trades also falling sharply.

Photo: Thomas Borberg/Politiken/Ritzau Scanpix

Retail trading platforms are getting hit as Europe’s cost-of-living crisis tightens purse strings for amateur investors, ending a pandemic-era boom for the sector.

UK contract-for-difference firm IG Group Holdings Plc said on Thursday that new client numbers dropped 27% in the quarter ending August 31. The trend is being replicated elsewhere, with Sweden’s Avanza Bank Holding AB reporting recently that net new customers fell 66% in the first half of the year.

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