The latest report from the Finance Magnates Intelligence Department shows that African countries are outperforming other regions in terms of binary options deposits. The October data reveals that the industry’s investment in education and promotion in the continent has worked as, in total, four out of ten leading markets for new traders were from Africa during the month. This is a stark contrast from the results of September 2016 when no African country entered the list.
The top ten first time deposit sources for binary options firms, normalized for the size of the national economy per capita, in descending order, are: South Africa, Zambia, Ghana, Kenya, Jamaica, France, Georgia, Czech Republic, Belarus and Turkey. As you can see, following Africa, Europe was the second most represented region of the world.
The leading position of South Africa specifically should not be all that surprising considering that in September it was the top market for deposits-per-GDP for FX brokerages.
The top ten overall deposit sources for binary options firms during October, normalized for the size of the national economy per capita, in descending order, are: Nigeria, Zambia, South Africa, Romania, Ukraine, Georgia, Russia, Colombia, Lebanon and Jordan. International binary options firms have established a strong presence in Arab speaking markets which we can see are yielding results.
FBS Launches Online Trading School - FBS Trading BootcampGo to article >>
Working for you
The research and analysis work conducted for preparing this index was powered by the retention automation firm Cpattern.
This is the latest publication from the FM Traffic Indices – a new cross-industry benchmark created with a methodological formula that matriculates data from three main sources: insider information, our unique database and technological BI tools.
In today’s business world, big-data analysis and access to objective information sources are crucial to success. Unfortunately, until now it has been very difficult and costly, if possible at all, to find any reliable benchmarks for operations in social, FX, binary options and CFDs trading.
For this reason, the Finance Magnates Intelligence Department has launched a new project, creating a set of indices encompassing various aspects of the online trading industry. These indices will provide you with unique data points gathered by our analysts that will serve as a valuable knowledge base for your decision making.