February ends three-month slide with record FX deposits

After three months of falling total monthly deposits, retail forex traders started sending more money to their FX accounts again. In fact, sending more than ever in February. Finance Magnates Intelligence examines the latest data from cPattern to bring a more detailed picture of the trading industry in February.

Previously, the highest average value of total monthly deposits sent to FX accounts was $14,401, recorded in October 2021. However, February data brings a new record, with an average total monthly deposit size of 14 $482. This is a slight increase from the previous high, but a notable improvement from the January data of $12,774.

In February, there was also an increase in total monthly withdrawals. On average, the typical retail trading account withdrew $8,195. In January, it was $7,684. Overall, the net deposit value continues to increase and rose from $5,087 to $6,286 in February.

Monthly NET deposits

Asian retail forex traders still active

Foreign exchange transactions

In addition, we have seen a stabilization in the average number of transactions. In February, the average merchant in our top 10 countries made 249.5 transactions, which was slightly lower than January’s 258. when Chinese traders were the busiest traders in the world. However, it was Korean merchants who took the top spot and made the most transactions in February.

As always, Finance Magnates Intelligence will be monitoring industry activity in the coming months. Stay tuned for more in-depth industry-related research, or contact us directly for more information and additional research requests.

After three months of falling total monthly deposits, retail forex traders started sending more money to their FX accounts again. In fact, sending more than ever in February. Finance Magnates Intelligence examines the latest data from cPattern to bring a more detailed picture of the trading industry in February.

Previously, the highest average value of total monthly deposits sent to FX accounts was $14,401, recorded in October 2021. However, February data brings a new record, with an average total monthly deposit size of 14 $482. This is a slight increase from the previous high, but a notable improvement from the January data of $12,774.

Currency deposits

In February, there was also an increase in total monthly withdrawals. On average, the typical retail trading account withdrew $8,195. In January, it was $7,684. Overall, the net deposit value continues to increase and rose from $5,087 to $6,286 in February.

Monthly NET deposits

Asian retail forex traders still active

Foreign exchange transactions

In addition, we have seen a stabilization in the average number of transactions. In February, the average merchant in our top 10 countries made 249.5 transactions, which was slightly lower than January’s 258. when Chinese traders were the busiest traders in the world. However, it was Korean merchants who took the top spot and made the most transactions in February.

As always, Finance Magnates Intelligence will be monitoring industry activity in the coming months. Stay tuned for more in-depth industry-related research, or contact us directly for more information and additional research requests.

.

Leave a Comment

%d bloggers like this: