Financial and Business News

Retail FX/CFD Analysis: August FTD Values Hit All-Time Low

Thursday, 01/12/2022 | 09:15 GMT by Sylwester Majewski
  • The lowest ever value of initial deposits.
  • Meanwhile, August withdrawals spiked higher.
forex

We are still digesting the summer period which did not bring the turnaround that some were hoping for. In the latest analysis of CPattern data by Finance Magnates Intelligence, no meaningful improvement in deposits of retail traders was registered.

Forex key metrics Q322

Foremost, August brought a serious decline in the value of first-time deposits. From $1,354 seen in July, it plummeted to $663, which was the lowest reading in the history of our analysis. The clear downtrend started in February 2022, when the average first-time deposit was as high as $2,319. At the same time, it can be seen that average single withdrawals spiked higher, reaching a value of $2,293, which is up from $1,902 last seen in July. The combination of these two readings creates an impression that at the end of the summer period new FX/CFD traders were not interested in investing at all while existing clients were pulling out their capital.

Net Monthly Deposits of Retail Traders Lower

Monthly forex deposits and withdrawals

Also, the average cumulative monthly withdrawals grew in August from a low of $5,993 to $9,812. Additionally, the average total deposits increased but at a slower rate from $10,004 to $12,712. Thus, the Net monthly deposit decreased from $4,011 to $2,900.

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.

We are still digesting the summer period which did not bring the turnaround that some were hoping for. In the latest analysis of CPattern data by Finance Magnates Intelligence, no meaningful improvement in deposits of retail traders was registered.

Forex key metrics Q322

Foremost, August brought a serious decline in the value of first-time deposits. From $1,354 seen in July, it plummeted to $663, which was the lowest reading in the history of our analysis. The clear downtrend started in February 2022, when the average first-time deposit was as high as $2,319. At the same time, it can be seen that average single withdrawals spiked higher, reaching a value of $2,293, which is up from $1,902 last seen in July. The combination of these two readings creates an impression that at the end of the summer period new FX/CFD traders were not interested in investing at all while existing clients were pulling out their capital.

Net Monthly Deposits of Retail Traders Lower

Monthly forex deposits and withdrawals

Also, the average cumulative monthly withdrawals grew in August from a low of $5,993 to $9,812. Additionally, the average total deposits increased but at a slower rate from $10,004 to $12,712. Thus, the Net monthly deposit decreased from $4,011 to $2,900.

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.

Topics
forex trading
forex deposits
withdrawals
retail forex
cpattern
About the Author: Sylwester Majewski
Sylwester Majewski
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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.

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