China Leads the Pack for First Time Binary Options Deposits in January

Binary options traders from the UK deposited the most funds on average during January 2017, followed by Singapore.

The latest report from the Finance Magnates Intelligence Department shows that Chinese traders are outperforming all other regions in terms of first time binary options deposits. The January 2017 data reveals that the industry’s laser-like focus on the giant Asian market is justified, as new clients from the country opened accounts with the biggest deposits during the month.

Join the iFX EXPO Asia and discover your gateway to the Asian Markets

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: China, Turkey, Germany, Poland, the UK, Slovenia, Singapore, France, Switzerland and the Netherlands.

Despite this, China still has a long way to go to break into the top deposits market by overall average, which is still dominated by richer countries. The top ten overall deposit sources for binary options firms during January, in descending order, are: the UK, Singapore, Kenya, Australia, the Netherlands, Denmark, Poland, Kazakhstan, Mexico and Cyprus.

Suggested articles

Bitcoin vs. Gold: Which is a Better Buy this Fall?Go 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.

Got a news tip? Let Us Know