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.
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
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.
