After three months of declines in total monthly deposits, retail forex 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 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.
