Analysis: FX Deposits Lower in March

The first quarter of 2022 ended up with a rather unexpected change to key metrics related to retail FX accounts. Is this a sign of a new trend for the coming months? Finance Magnates Intelligence takes a look at the most recent March data from CPattern.

The thing that catches the attention in the latest data is the fact that three key indicators were down in March. The value of an average single deposit decreased to $1,989.34 from $2,052.26 seen last month. The average withdrawal decreased even more to $2,210,28 from $2,745.65. However, the biggest decline was registered in the case of the average first-time deposit, which fell to $1,581.72 from $2,319.53 seen in February. A lack of interest in depositing money in March was clearly observed.

This, of course, had to impact the total monthly values for deposits and withdrawals. The average for total monthly deposits equaled $14,482 in March, which was down from $13,524 seen in February. Still, this value is higher than January and December numbers.

The average total withdrawal actually increased to $8,438 from $8,195. This brought the net deposit value per single trader to $5,086 from $6,286. This is almost the same value that we had in January 2022.

Retail FX Accounts Most Active in Monaco

At the same time, the average trading activity increased to 260.2 transactions from 249.6 seen last month. This time the most active retail traders were in Monaco where a typical trader conducted on average 294 transactions. Typically, the most active traders from China came in the second position with a result of 290 transactions.

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.