Although May and June are already behind us, there were interesting developments which are worth further analysis.
Finance Magnates Intelligence takes a closer look at the latest data from cPattern, highlighting key improvements. Where are FX Traders Investing the most?
The Most Diverse Audience to Date at FMLS 2020 – Where Finance Meets Innovation
The first thing that catches the eye is the closest proximity in a year of all three leading metrics that we have analyzed. The average deposit, withdrawal and first-time deposits are all within the range of $2,307 and $2,660. The lower value of these two describes the average size of a single deposit sent to an account, and the higher value represents the average size of a withdrawal.
Another interesting observation is related to the activity of retail traders. For the third month in a row, the top activity is close to 260 transactions per trader. Also, the minimum value of this top 10 rank is stable, at around the 200 transactions mark. That is noticeably higher than it was last year, where even the highest value was below 200.
Not surprisingly China held the first position with 260 transactions on average, being made in June by single Chinese traders. Quite surprisingly, second, was Romania with 247 transactions, which was made by average traders in Romania.
The Middle East FX Traders Investing the Most
When it comes to the average value of all deposits sent to trading accounts in June, Saudi Arabia had the highest result. Brokers approaching the Middle East region will be happy to know that the average Saudi trader sent $16,306 to a trading account in June. The next place is also held by a representative of the region, UAE, with over $13,200 sent to an account by the average FX trader from this country.
This is the latest publication from the FM Indices – a new cross-industry benchmark. In today’s business world, big-data analysis and access to objective information sources are crucial for success. Unfortunately, until now, it has been challenging and costly, if possible at all, to find any reliable benchmarks on operations in social media, cryptocurrencies, Forex, and CFDs trading.
For this reason, the Finance Magnates Intelligence Department has launched a new project, creating a set of indices encompassing various aspects of the online trading industry. These indices will provide you with unique data points gathered by our analysts, that will serve as a valuable knowledge base for your decision making.
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