After very volatile last year, key indicators related to customer activity continued to decline. Both March and April saw a further decline in deposits and withdrawals by retail Forex traders. Finance Magnates Intelligence examines the latest data from cPattern.
For average deposit size, the largest decline has been observed in recent months. Its value fell from $2,673 in February to $1,896 in April, its lowest level in the past 12 months. At the same time, the average withdrawal size decreased from $2,550 to $2,112. The average first deposit size was also low.
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All of the above suggests that traders are less committed. However, the data on trading activity remains largely the same. The average number of trades for a single trader in the top 10 countries was 215 in February, compared to 226 in April.
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Deposits and withdrawals made by retail Forex traders
Where did the merchant money go? According to our data, the largest capital inflows occurred in the United Arab Emirates. Retail traders in the country spent an average of $11,029 into their trading accounts in April. Second, another country in the Middle East, Bahrain, averages $8,986. The average monthly inflow for the top 10 country accounts is $8,107.
The April average was lower than the $9,729 seen in March. However, the average monthly outflow from a single account in the top 10 countries was higher in April than in March. This time it was $4,555 compared to the previous $4,042.