Analysis: FX Traders Starting 2022 with Lower Deposits

Thursday, 24/03/2022 | 09:39 GMT by Sylwester Majewski
  • There was a decline in the size of monthly withdrawals
  • There was a jump in the first deposits of FX traders.
Forex trading

The first month of the new year was a continuation of the trend seen in December. Finance Magnates Intelligence took a look at the January data from CPattern to get a better picture of the forex industry in the beginning phase of 2021.

January was the third month in a row of continued decline in the size of total monthly deposits. On average, traders were depositing $12,774 during the whole month. In December, it was $13,257. The highest result was seen in October when traders deposited $14,401 on average.

January forex deposits

Additionally, there was a decline in the deposits' area. Over the course of the entire month, traders on average removed $7,687 from their accounts, and it was the first decline in twelve months. The highest average withdrawal of $9,341 was seen in December.

Average Deposits for Forex Industry

Average forex deposit

What were the average money transfers? The average single deposit by one trader was $1,893, and it was the lowest value in the last twelve months. The average withdrawal per transaction was $2,681, and it was a higher result than in December. The average first time deposit (FTD) was $2,319, which was highest in the last six months.

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.

The first month of the new year was a continuation of the trend seen in December. Finance Magnates Intelligence took a look at the January data from CPattern to get a better picture of the forex industry in the beginning phase of 2021.

January was the third month in a row of continued decline in the size of total monthly deposits. On average, traders were depositing $12,774 during the whole month. In December, it was $13,257. The highest result was seen in October when traders deposited $14,401 on average.

January forex deposits

Additionally, there was a decline in the deposits' area. Over the course of the entire month, traders on average removed $7,687 from their accounts, and it was the first decline in twelve months. The highest average withdrawal of $9,341 was seen in December.

Average Deposits for Forex Industry

Average forex deposit

What were the average money transfers? The average single deposit by one trader was $1,893, and it was the lowest value in the last twelve months. The average withdrawal per transaction was $2,681, and it was a higher result than in December. The average first time deposit (FTD) was $2,319, which was highest in the last six months.

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.

About the Author: Sylwester Majewski
Sylwester Majewski
  • 137 Articles
  • 20 Followers
About the Author: Sylwester Majewski
Sylwester is a graduate of the Warsaw School of Economics, holding an MA in Finance and Banking. He currently serves as Head of the Insights & Reporting Hub at Finance Magnates. He is also a former minority partner in an NFA-registered US forex broker and has been involved in numerous forex and trading industry projects since 2003. Privately, Sylwester is a husband and father to a 7-year-old daughter, as well as an enthusiast of trading and Formula 1.
  • 137 Articles
  • 20 Followers

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