After a record surge in activity in 2020, the past year has maintained a very high number of Australian retail investors actively seeking to multiply their funds using contracts for difference (CFDs). Finance Magnates Intelligence has analyzed the historical growth in the number of traders, which shows that Australia has one of the highest percentages of investors globally.
More than 100,000 Australians Traded FX/CFDs in 2021
Australia is one of the largest countries in the world in terms of land area but has ‘only’ 25 million inhabitants. It ranks among the world’s largest economies in terms of nominal gross domestic product per capita (ninth) and is one of the best places to live in terms of the Human Development Index (HDI).
It has a strongly developed investment market, with at least 1.4 million retail investors actively involved every year. The number has more than doubled over the last decade and was estimated to be around 650,000 in 2010.
The Australian Securities Exchange (ASX) is among the world’s 20 largest by total market capitalization. In December 2021, it amounted to USD 1.9 trillion (in comparison, the world’s largest NYSE capitalization was less than USD 28 trillion).
In addition, the buoyant financial market and a large number of retail investors translated into high interest in investing in leveraged derivatives markets, including forex (FX) and contracts for difference (CFDs).
According to the latest Investment Trends report data, more than 100,000 Australians have entered into at least one FX or CFD transaction in 2021.
“On a per-capita basis, this is amongst the largest penetration of CFD/FX in the world. To put things in perspective, the US margin FX market is only twice as big for a population more than an order of magnitude larger,” the Investment Trends representative stated.
ASIC Is One of the World’s Most Respected Financial Regulators
The Australian Securities and Investments Commission (
ASIC ASIC The Australian Securities and Investments Commission (ASIC) is the prime regulator in Australia for corporate, markets, financial services, and consumer credit. It is empowered under the financial service laws to facilitate, regulate, and enforce Australian financial laws. The Australian Commission was set up and is administered under the Australian Securities and Investment Commission Act of 2001. ASIC was initially the Australian Securities Commission based on the 1989 ASC Act. Initially, the idea was to unite regulators in Australia by replacing the National Companies and Securities Commission and the Corporate Affairs offices. ASIC does not regulate business or register business structures, only business names. One of the unique features of the Australian regulator is that over 90% of its operating budget comes from fees and fines levies. These fees for service, including company registration fees and licensing fees for banks, brokers, and other financial institutions. What is ASIC Responsible For?The regulator is charged with protecting the public from financial fraud and to make sure the investor is knowledgeable and understands their involvement. To this end, the Commission provides a license to each Financial Services provider. ASIC tests and assesses the qualification and experience of Financial Advisors. An Australian financial services (AFS) licensee, an authorized representative, employee or director of an AFS licensee, or an employee or director of a related body corporate of an AFS licensee, is authorized to provide personal advice to retail clients concerning relevant financial products to retail clients ASIC monitors the behavior of Financial Advisors and can access fines and remove or suspend their license. The regulator also licenses all investment and trading companies doing business in Australia. One service of the most outstanding benefits is the Australian Market Regulation Feed. To monitor trading activity, brokers and market operators have to facilitate access to ASIC’s Integrated Market Surveillance System. This means brokers and other relevant bodies in the registry must allow daily access to: All orders, trades, and quotes that are processed and circulated by the trading engine All messages related to trading sessions, product price and status They are closely monitoring all online and day trading The Australian Securities and Investments Commission (ASIC) is the prime regulator in Australia for corporate, markets, financial services, and consumer credit. It is empowered under the financial service laws to facilitate, regulate, and enforce Australian financial laws. The Australian Commission was set up and is administered under the Australian Securities and Investment Commission Act of 2001. ASIC was initially the Australian Securities Commission based on the 1989 ASC Act. Initially, the idea was to unite regulators in Australia by replacing the National Companies and Securities Commission and the Corporate Affairs offices. ASIC does not regulate business or register business structures, only business names. One of the unique features of the Australian regulator is that over 90% of its operating budget comes from fees and fines levies. These fees for service, including company registration fees and licensing fees for banks, brokers, and other financial institutions. What is ASIC Responsible For?The regulator is charged with protecting the public from financial fraud and to make sure the investor is knowledgeable and understands their involvement. To this end, the Commission provides a license to each Financial Services provider. ASIC tests and assesses the qualification and experience of Financial Advisors. An Australian financial services (AFS) licensee, an authorized representative, employee or director of an AFS licensee, or an employee or director of a related body corporate of an AFS licensee, is authorized to provide personal advice to retail clients concerning relevant financial products to retail clients ASIC monitors the behavior of Financial Advisors and can access fines and remove or suspend their license. The regulator also licenses all investment and trading companies doing business in Australia. One service of the most outstanding benefits is the Australian Market Regulation Feed. To monitor trading activity, brokers and market operators have to facilitate access to ASIC’s Integrated Market Surveillance System. This means brokers and other relevant bodies in the registry must allow daily access to: All orders, trades, and quotes that are processed and circulated by the trading engine All messages related to trading sessions, product price and status They are closely monitoring all online and day trading Read this Term) is responsible for regulating financial markets in the country, including the retail FX/CFD industry. The institution officially implemented regulations in late 2020 that significantly restricted the sale of CFDs to retail investors, limiting maximum leverage for FX majors to 30:1 and 2:1 for cryptocurrencies.
Australia has one of the best-regulated derivatives markets, and the regulator’s license is highly respected and recognized within the industry. In order to operate a legitimate financial business in the country, a company must obtain an AFS license, which is detailed on the regulator’s website.
The latest report published by ASIC on the number of licenses issued shows that the institution granted 339 new AFS authorizations in the 2020-2021 fiscal year, receiving 565 registration applications during the same period.
A Large Number of Retail Investors in Australia. An Increase of 40,000 in Four Years
The Investment Trends report published in January 2022 showed that the number of active retail CFD traders stood at 100,000 last year, slipping from the record high of 117,000 reported the year before.
However, this is still a considerable increase compared to previous years. In 2017, 61,000 Australians made at least one transaction in this market; in 2018 and 2019, the figure hovered at around 75,000 to 79,000.
The year of the Covid-19 pandemic, which brought above-average market volatility, boosted retail traders’ activity, allowing a record number of active investors.
Daniel Lee, Regional Sales Manager for Vantage in Australia
“The widespread outbreak of COVID-19 in early 2020 has triggered unrelenting waves of unforeseen market volatility. This volatility has brought about a new generation of investors and traders that look to capitalise on both upwards and downwards price action. Coupling leverage with how quick moving the CFD markets can be, Vantage has experienced a surge of new clients that have strong interests with trading forex, gold and indices CFDs,” Daniel Lee, the Regional Sales Manager for Vantage FX in Australia, commented.
For comparison, almost twice as large as Poland (in terms of population), the number of active retail traders is estimated at 60,000. In another part of the world, in Singapore, it was 50,000, according to estimates by Finance Magnates Intelligence.
“There could be a number of contributing factors to this outcome: relatively high penetration of cash equities investing which is a feeder market, proximity to Asia which tends to be a breeding ground for fintech, a regulatory framework historically more accommodative; but the most direct link is likely the prolific supply side in the form of the many platforms participating in, and contributing to growing, the market,” Investment Trends added.
Tightening Leverage Regulations Do Not Bother Australians
In recent years, Australia and the European Union have decided to further limit the
leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders need to rely on leverage to make financial trading viable. Generally, the higher the fluctuation of an instrument, the larger the potential leverage offered by brokers. The market which offers the most leverage is undoubtedly the foreign exchange market, since currency fluctuations are relatively tiny. Of course, traders can select their account leverage, which usually varies from 1:50 to 1:200 on most forex brokers, although many brokers now offer up to 1:500 leverage, meaning for every 1 unit of currency deposited by the trader, they can control up to 500 units of that same currency. For example, if a trader was to deposit $1000 into a forex broker offering 500:1 leverage, it would mean the trader could control up to five hundred times their initial outlay, i.e. half a million dollars. Likewise, if an investor using a 1:200 leveraged account, was trading with $2000, it means they would be actually controlling $400,000, i.e. borrowing an additional $398,000 from the broker. Assuming this investment rises to $402,000 and the trader closes their trade, it means they would have achieved a 100% ROI by pocketing $2000. With leverage, the potential for profit is clear to see. Likewise, it also gives rise to the possibility of losing a much greater amount of their capital, because, had the value of the asset turned against the trader, they could have lost their entire investment.FX Regulators Clamp Down on Leverage Offered by BrokersBack in multiple regulators including the United Kingdom’s Financial Conduct Authority (FCA) took material measures to protect retail clients trading rolling spot forex and contracts for difference (CFDs). The measures followed after years of discussion and the result of a study which showed the vast majority of retail brokerage clients were losing money. The regulations stipulated a leverage cap of 1:50 with newer clients being limited to 1:25 leverage. In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders need to rely on leverage to make financial trading viable. Generally, the higher the fluctuation of an instrument, the larger the potential leverage offered by brokers. The market which offers the most leverage is undoubtedly the foreign exchange market, since currency fluctuations are relatively tiny. Of course, traders can select their account leverage, which usually varies from 1:50 to 1:200 on most forex brokers, although many brokers now offer up to 1:500 leverage, meaning for every 1 unit of currency deposited by the trader, they can control up to 500 units of that same currency. For example, if a trader was to deposit $1000 into a forex broker offering 500:1 leverage, it would mean the trader could control up to five hundred times their initial outlay, i.e. half a million dollars. Likewise, if an investor using a 1:200 leveraged account, was trading with $2000, it means they would be actually controlling $400,000, i.e. borrowing an additional $398,000 from the broker. Assuming this investment rises to $402,000 and the trader closes their trade, it means they would have achieved a 100% ROI by pocketing $2000. With leverage, the potential for profit is clear to see. Likewise, it also gives rise to the possibility of losing a much greater amount of their capital, because, had the value of the asset turned against the trader, they could have lost their entire investment.FX Regulators Clamp Down on Leverage Offered by BrokersBack in multiple regulators including the United Kingdom’s Financial Conduct Authority (FCA) took material measures to protect retail clients trading rolling spot forex and contracts for difference (CFDs). The measures followed after years of discussion and the result of a study which showed the vast majority of retail brokerage clients were losing money. The regulations stipulated a leverage cap of 1:50 with newer clients being limited to 1:25 leverage. Read this Term that individual traders can use. However, as you can see from the statistics above, the limitation of leverage to a maximum of 30:1 for major FX currency pairs did not scare investors.
According to Daniel Lee, the Regional Sales Manager for Vantage FX in Australia, ASIC’s Product Intervention Order “has undoubtedly played an impact on the Australian landscape for CFD and forex trading.”
16% of retail traders have successfully applied for professional trader status. This is a definite jump from previous years, including 2020, when a similar status was achieved by 7% of all active traders.
“Such requests are not uncommon across the industry, though they are limited to clients who are qualified for being treated as professional investors. That is, either they have met the previous experience and knowledge requirements, or they pass the wealth test, of having a gross income of $250,000 or more per annum in each of the previous two years and/or net assets of at least $2.5 million,” Daniel Lee added.
Interestingly, FX/CFD traders were also much more willing to look at cryptocurrencies. According to the survey, 33% of them use this asset class or trade cryptocurrencies based on contracts for difference. The youngest representatives of this group have the most bullish attitude and positive sentiment towards bitcoin and altcoins.
The 2021 report notes that 40% of Zoomers and 35% of Millenials believe in the long-term appreciation of digital assets.
Average Trader in Australia Deposits over $8,000 in a Month
According to cPattern data aggregated by Finance Magnates Intelligence, throughout 2021 (data for the period January to October) the average Australian trader deposited more than $8,400 into their FX/CFD account (the median for the same period was almost $7,000). Meanwhile, the average single deposit stood at around $1,220.
Withdrawals of funds during this time were lower, and in 2021 the average for a single month recorded $2852, more than three times the amount of deposits. In contrast, the value of a single withdrawal reached a ceiling of $1450.
Furthermore, statistics of the first deposit (FTD) might be interesting, especially from the broker’s point of view. From January to October 2021, the average stood at $1,014 and the median at $643.
Compared to other developed financial markets, these values align with the general trend. However, by comparison, Singapore had much higher numbers for the same period, with an FTD of $1,743.
After a record surge in activity in 2020, the past year has maintained a very high number of Australian retail investors actively seeking to multiply their funds using contracts for difference (CFDs). Finance Magnates Intelligence has analyzed the historical growth in the number of traders, which shows that Australia has one of the highest percentages of investors globally.
More than 100,000 Australians Traded FX/CFDs in 2021
Australia is one of the largest countries in the world in terms of land area but has ‘only’ 25 million inhabitants. It ranks among the world’s largest economies in terms of nominal gross domestic product per capita (ninth) and is one of the best places to live in terms of the Human Development Index (HDI).
It has a strongly developed investment market, with at least 1.4 million retail investors actively involved every year. The number has more than doubled over the last decade and was estimated to be around 650,000 in 2010.
The Australian Securities Exchange (ASX) is among the world’s 20 largest by total market capitalization. In December 2021, it amounted to USD 1.9 trillion (in comparison, the world’s largest NYSE capitalization was less than USD 28 trillion).
In addition, the buoyant financial market and a large number of retail investors translated into high interest in investing in leveraged derivatives markets, including forex (FX) and contracts for difference (CFDs).
According to the latest Investment Trends report data, more than 100,000 Australians have entered into at least one FX or CFD transaction in 2021.
“On a per-capita basis, this is amongst the largest penetration of CFD/FX in the world. To put things in perspective, the US margin FX market is only twice as big for a population more than an order of magnitude larger,” the Investment Trends representative stated.
ASIC Is One of the World’s Most Respected Financial Regulators
The Australian Securities and Investments Commission (
ASIC ASIC The Australian Securities and Investments Commission (ASIC) is the prime regulator in Australia for corporate, markets, financial services, and consumer credit. It is empowered under the financial service laws to facilitate, regulate, and enforce Australian financial laws. The Australian Commission was set up and is administered under the Australian Securities and Investment Commission Act of 2001. ASIC was initially the Australian Securities Commission based on the 1989 ASC Act. Initially, the idea was to unite regulators in Australia by replacing the National Companies and Securities Commission and the Corporate Affairs offices. ASIC does not regulate business or register business structures, only business names. One of the unique features of the Australian regulator is that over 90% of its operating budget comes from fees and fines levies. These fees for service, including company registration fees and licensing fees for banks, brokers, and other financial institutions. What is ASIC Responsible For?The regulator is charged with protecting the public from financial fraud and to make sure the investor is knowledgeable and understands their involvement. To this end, the Commission provides a license to each Financial Services provider. ASIC tests and assesses the qualification and experience of Financial Advisors. An Australian financial services (AFS) licensee, an authorized representative, employee or director of an AFS licensee, or an employee or director of a related body corporate of an AFS licensee, is authorized to provide personal advice to retail clients concerning relevant financial products to retail clients ASIC monitors the behavior of Financial Advisors and can access fines and remove or suspend their license. The regulator also licenses all investment and trading companies doing business in Australia. One service of the most outstanding benefits is the Australian Market Regulation Feed. To monitor trading activity, brokers and market operators have to facilitate access to ASIC’s Integrated Market Surveillance System. This means brokers and other relevant bodies in the registry must allow daily access to: All orders, trades, and quotes that are processed and circulated by the trading engine All messages related to trading sessions, product price and status They are closely monitoring all online and day trading The Australian Securities and Investments Commission (ASIC) is the prime regulator in Australia for corporate, markets, financial services, and consumer credit. It is empowered under the financial service laws to facilitate, regulate, and enforce Australian financial laws. The Australian Commission was set up and is administered under the Australian Securities and Investment Commission Act of 2001. ASIC was initially the Australian Securities Commission based on the 1989 ASC Act. Initially, the idea was to unite regulators in Australia by replacing the National Companies and Securities Commission and the Corporate Affairs offices. ASIC does not regulate business or register business structures, only business names. One of the unique features of the Australian regulator is that over 90% of its operating budget comes from fees and fines levies. These fees for service, including company registration fees and licensing fees for banks, brokers, and other financial institutions. What is ASIC Responsible For?The regulator is charged with protecting the public from financial fraud and to make sure the investor is knowledgeable and understands their involvement. To this end, the Commission provides a license to each Financial Services provider. ASIC tests and assesses the qualification and experience of Financial Advisors. An Australian financial services (AFS) licensee, an authorized representative, employee or director of an AFS licensee, or an employee or director of a related body corporate of an AFS licensee, is authorized to provide personal advice to retail clients concerning relevant financial products to retail clients ASIC monitors the behavior of Financial Advisors and can access fines and remove or suspend their license. The regulator also licenses all investment and trading companies doing business in Australia. One service of the most outstanding benefits is the Australian Market Regulation Feed. To monitor trading activity, brokers and market operators have to facilitate access to ASIC’s Integrated Market Surveillance System. This means brokers and other relevant bodies in the registry must allow daily access to: All orders, trades, and quotes that are processed and circulated by the trading engine All messages related to trading sessions, product price and status They are closely monitoring all online and day trading Read this Term) is responsible for regulating financial markets in the country, including the retail FX/CFD industry. The institution officially implemented regulations in late 2020 that significantly restricted the sale of CFDs to retail investors, limiting maximum leverage for FX majors to 30:1 and 2:1 for cryptocurrencies.
Australia has one of the best-regulated derivatives markets, and the regulator’s license is highly respected and recognized within the industry. In order to operate a legitimate financial business in the country, a company must obtain an AFS license, which is detailed on the regulator’s website.
The latest report published by ASIC on the number of licenses issued shows that the institution granted 339 new AFS authorizations in the 2020-2021 fiscal year, receiving 565 registration applications during the same period.
A Large Number of Retail Investors in Australia. An Increase of 40,000 in Four Years
The Investment Trends report published in January 2022 showed that the number of active retail CFD traders stood at 100,000 last year, slipping from the record high of 117,000 reported the year before.
However, this is still a considerable increase compared to previous years. In 2017, 61,000 Australians made at least one transaction in this market; in 2018 and 2019, the figure hovered at around 75,000 to 79,000.
The year of the Covid-19 pandemic, which brought above-average market volatility, boosted retail traders’ activity, allowing a record number of active investors.
Daniel Lee, Regional Sales Manager for Vantage in Australia
“The widespread outbreak of COVID-19 in early 2020 has triggered unrelenting waves of unforeseen market volatility. This volatility has brought about a new generation of investors and traders that look to capitalise on both upwards and downwards price action. Coupling leverage with how quick moving the CFD markets can be, Vantage has experienced a surge of new clients that have strong interests with trading forex, gold and indices CFDs,” Daniel Lee, the Regional Sales Manager for Vantage FX in Australia, commented.
For comparison, almost twice as large as Poland (in terms of population), the number of active retail traders is estimated at 60,000. In another part of the world, in Singapore, it was 50,000, according to estimates by Finance Magnates Intelligence.
“There could be a number of contributing factors to this outcome: relatively high penetration of cash equities investing which is a feeder market, proximity to Asia which tends to be a breeding ground for fintech, a regulatory framework historically more accommodative; but the most direct link is likely the prolific supply side in the form of the many platforms participating in, and contributing to growing, the market,” Investment Trends added.
Tightening Leverage Regulations Do Not Bother Australians
In recent years, Australia and the European Union have decided to further limit the
leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders need to rely on leverage to make financial trading viable. Generally, the higher the fluctuation of an instrument, the larger the potential leverage offered by brokers. The market which offers the most leverage is undoubtedly the foreign exchange market, since currency fluctuations are relatively tiny. Of course, traders can select their account leverage, which usually varies from 1:50 to 1:200 on most forex brokers, although many brokers now offer up to 1:500 leverage, meaning for every 1 unit of currency deposited by the trader, they can control up to 500 units of that same currency. For example, if a trader was to deposit $1000 into a forex broker offering 500:1 leverage, it would mean the trader could control up to five hundred times their initial outlay, i.e. half a million dollars. Likewise, if an investor using a 1:200 leveraged account, was trading with $2000, it means they would be actually controlling $400,000, i.e. borrowing an additional $398,000 from the broker. Assuming this investment rises to $402,000 and the trader closes their trade, it means they would have achieved a 100% ROI by pocketing $2000. With leverage, the potential for profit is clear to see. Likewise, it also gives rise to the possibility of losing a much greater amount of their capital, because, had the value of the asset turned against the trader, they could have lost their entire investment.FX Regulators Clamp Down on Leverage Offered by BrokersBack in multiple regulators including the United Kingdom’s Financial Conduct Authority (FCA) took material measures to protect retail clients trading rolling spot forex and contracts for difference (CFDs). The measures followed after years of discussion and the result of a study which showed the vast majority of retail brokerage clients were losing money. The regulations stipulated a leverage cap of 1:50 with newer clients being limited to 1:25 leverage. In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders need to rely on leverage to make financial trading viable. Generally, the higher the fluctuation of an instrument, the larger the potential leverage offered by brokers. The market which offers the most leverage is undoubtedly the foreign exchange market, since currency fluctuations are relatively tiny. Of course, traders can select their account leverage, which usually varies from 1:50 to 1:200 on most forex brokers, although many brokers now offer up to 1:500 leverage, meaning for every 1 unit of currency deposited by the trader, they can control up to 500 units of that same currency. For example, if a trader was to deposit $1000 into a forex broker offering 500:1 leverage, it would mean the trader could control up to five hundred times their initial outlay, i.e. half a million dollars. Likewise, if an investor using a 1:200 leveraged account, was trading with $2000, it means they would be actually controlling $400,000, i.e. borrowing an additional $398,000 from the broker. Assuming this investment rises to $402,000 and the trader closes their trade, it means they would have achieved a 100% ROI by pocketing $2000. With leverage, the potential for profit is clear to see. Likewise, it also gives rise to the possibility of losing a much greater amount of their capital, because, had the value of the asset turned against the trader, they could have lost their entire investment.FX Regulators Clamp Down on Leverage Offered by BrokersBack in multiple regulators including the United Kingdom’s Financial Conduct Authority (FCA) took material measures to protect retail clients trading rolling spot forex and contracts for difference (CFDs). The measures followed after years of discussion and the result of a study which showed the vast majority of retail brokerage clients were losing money. The regulations stipulated a leverage cap of 1:50 with newer clients being limited to 1:25 leverage. Read this Term that individual traders can use. However, as you can see from the statistics above, the limitation of leverage to a maximum of 30:1 for major FX currency pairs did not scare investors.
According to Daniel Lee, the Regional Sales Manager for Vantage FX in Australia, ASIC’s Product Intervention Order “has undoubtedly played an impact on the Australian landscape for CFD and forex trading.”
16% of retail traders have successfully applied for professional trader status. This is a definite jump from previous years, including 2020, when a similar status was achieved by 7% of all active traders.
“Such requests are not uncommon across the industry, though they are limited to clients who are qualified for being treated as professional investors. That is, either they have met the previous experience and knowledge requirements, or they pass the wealth test, of having a gross income of $250,000 or more per annum in each of the previous two years and/or net assets of at least $2.5 million,” Daniel Lee added.
Interestingly, FX/CFD traders were also much more willing to look at cryptocurrencies. According to the survey, 33% of them use this asset class or trade cryptocurrencies based on contracts for difference. The youngest representatives of this group have the most bullish attitude and positive sentiment towards bitcoin and altcoins.
The 2021 report notes that 40% of Zoomers and 35% of Millenials believe in the long-term appreciation of digital assets.
Average Trader in Australia Deposits over $8,000 in a Month
According to cPattern data aggregated by Finance Magnates Intelligence, throughout 2021 (data for the period January to October) the average Australian trader deposited more than $8,400 into their FX/CFD account (the median for the same period was almost $7,000). Meanwhile, the average single deposit stood at around $1,220.
Withdrawals of funds during this time were lower, and in 2021 the average for a single month recorded $2852, more than three times the amount of deposits. In contrast, the value of a single withdrawal reached a ceiling of $1450.
Furthermore, statistics of the first deposit (FTD) might be interesting, especially from the broker’s point of view. From January to October 2021, the average stood at $1,014 and the median at $643.
Compared to other developed financial markets, these values align with the general trend. However, by comparison, Singapore had much higher numbers for the same period, with an FTD of $1,743.
