Analysis: February Ends Three Month Slide With Record FX Deposits

After three months of declines in total monthly deposits, retail forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term traders began to send more money again to their FX accounts. In fact, sending more than ever before in February. Finance Magnates Intelligence takes a look at the latest data from CPattern to bring a more detailed picture of the trading industry in February.

Previously, the highest average value of total monthly deposits sent to FX accounts was $14,401, registered in October 2021. However, the February data brings a new record, with an average total monthly deposit size of $14,482. That is a slight increase over the previous record but a noticeable improvement from January's data with $12,774.

In February, there was also an increase in total monthly withdrawals. On average, the typical retail trading Retail Trading In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade Read this Term account withdrew $8,195. In January, it was $7,684. Overall, the Net Deposit value keeps rising and grew from $5,087 to $6,286 in February.

Asian Retail Forex Traders Still Active

Additionally, we have seen stabilization when it comes to the average number of transactions. In February, the average trader from our top 10 countries was making 249.5 transactions which was slightly lower than the 258 seen in January. when Chinese traders were the most active traders world. However, it was Korean traders that took the top spot and made the biggest amount of transactions in February.

As always, Finance Magnates Intelligence will be monitoring industry activity in the upcoming months. Stay tuned for more in-depth industry-related research, or reach us directly for further information and additional research requests.