Analysis: Asian Traders Are the World’s Most Active

As we approach the end of the year, we are seeing some positive trends for the forex industry. After some good performances in October, November brought even more impressive results, especially in the field of average deposits and trader activity.

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

The latest analysis by Finance Magnates Intelligence Department with November data from CPattern confirms an interesting pattern. Just as in October, the most activity of FX/CFD traders was seen in Malaysia, almost 15% higher than in China.  Both Asian markets can be considered as emerging. In contrast to Malaysia, the Chinese market seems to be very IB oriented. Both countries are noticeably ahead of rest of the countries in our activity rankings.

Discover credible partners and premium clients in China’s leading event!

The most highly-ranked country outside of Asia is Portugal, holding third position ahead of Turkey and Lesotho. What is striking about this, in comparison to previous rankings, is that most of the countries on the list do not have well developed FX/CFD markets, and they are mostly emerging economies.  There is no UK, Australia or even Germany on the list – the typical, well developed FX/CFD markets.

However, developed economies can be found in other places in the November data. In terms of average monthly deposit, Australia was leading the rankings again with $3,725.3. While last time it was followed by New Zealand, this time the countries of Oceania are split by the UK and the Netherlands. Traders from these four countries were depositing on average more than $3,000. And yet none of them were high in our activity rankings. Are wealthy customers taking smaller risks and trading less? That is what November data suggests.

The average account deposit for all countries that we track keeps on growing. After very solid growth in Q3, November brought an even bigger spike, bringing the average deposit value to $2,625.7 from $2,375.3. This comes together with similar growth for average withdrawal sums – from $2,356.0 to $2,562.7. It will be interesting to see the year will end up looking when the December data arrives.

This is the latest publication from the FM Traffic Indices – a new cross-industry benchmark. 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.