The third quarter of 2022 brought a slowdown to the FX/CFD industry. However, the last month of this period provided a slight improvement in key client-related metrics. Finance Magnates Intelligence takes a closer look at the September data from CPattern.

In August, the most striking change was a decline in the value of first-time deposits (FTDs). From $1,354 seen in July, it plummeted to $663. In September, a slight rebound was seen, bringing this metric back to a level of $838. While it was not a ‘game-changing’ turnaround, at least no further decline took place.

While the first-time deposits increased marginally, signaling a small change in attitude from new clients, both total monthly deposits and withdrawals from existing customers decreased. The average total monthly deposit shrunk from $12,712 to $11,429. The average total monthly withdrawal decreased from $9,812 to $7,428.

More Transactions in Forex and CFDs Industry

Meanwhile, the average number of transactions per trader increased to 259 from 250. The most active traders in September were found in South Korea, where each of them, on average, conducted 289 trades. Second in the activity rank was Canada, with a result of 282. Surprisingly, China, which often leads our activity rank, this time was in the seventh position with a result of 247 transactions per month.

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