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.
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.
Source: https://www.financemagnates.com/forex/analysis/analysis-fx-traders-starting-2022-with-lower-deposits/