Analysis: Chinese Retail FX Traders More Active Than Others

Wednesday, 23/10/2019 | 11:39 GMT by Sylwester Majewski
  • The average number of transactions made by a single trader was the highest among Chinese traders
Analysis: Chinese Retail FX Traders More Active Than Others
FM

The last month of summer did not bring the awaited growth in the size of FX deposits. Retail traders across the globe sent less money to their accounts than in July or June, only surpassing May, as data from CPattern revealed by Finance Magnates Intelligence shows.

Global forex deposits

Despite this, the overall picture remains weak this year. As can be seen, the trend is rather bearish. One can expect that numbers are headed south now, and the average deposit size will decrease. The most important barrier so far was the level of $2,000, which was broken only once. In January 2019, the average deposit size fell to $1,982.

Retail traders make more transactions

Another interesting fact from August 2019 is the growing activity of retail traders, meaning the average number of transactions made by a single trader. This metric has been growing for some time already, but this time it broke to a new annual record.

Forex transactions in China

With the average monthly number of FX transactions at 188.7, China took the first position in our activity ranking. The previous best record belonged to Hong Kong traders and stood at 184.1 transactions per month. In general, Asian FX traders seem to be the most active ones globally, despite some of the difficulties they face.

In May of this year, Finance Magnates exclusively reported that Chinese authorities had been engaged in an effort to crackdown on the local brokerage industry. Wholly Foreign-Owned Enterprises, or WFOEs, were the focus of an effort led by the Chinese State Administration of Foreign Exchange (SAFE).

This is the latest publication from the FM Indices – a new cross-industry benchmark. In today’s business world, big-data analysis and access to objective information sources are crucial for success. Unfortunately, until now, it has been challenging and costly, if possible at all, to find any reliable benchmarks for operations in social media, Cryptocurrencies , Forex , 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.

The last month of summer did not bring the awaited growth in the size of FX deposits. Retail traders across the globe sent less money to their accounts than in July or June, only surpassing May, as data from CPattern revealed by Finance Magnates Intelligence shows.

Global forex deposits

Despite this, the overall picture remains weak this year. As can be seen, the trend is rather bearish. One can expect that numbers are headed south now, and the average deposit size will decrease. The most important barrier so far was the level of $2,000, which was broken only once. In January 2019, the average deposit size fell to $1,982.

Retail traders make more transactions

Another interesting fact from August 2019 is the growing activity of retail traders, meaning the average number of transactions made by a single trader. This metric has been growing for some time already, but this time it broke to a new annual record.

Forex transactions in China

With the average monthly number of FX transactions at 188.7, China took the first position in our activity ranking. The previous best record belonged to Hong Kong traders and stood at 184.1 transactions per month. In general, Asian FX traders seem to be the most active ones globally, despite some of the difficulties they face.

In May of this year, Finance Magnates exclusively reported that Chinese authorities had been engaged in an effort to crackdown on the local brokerage industry. Wholly Foreign-Owned Enterprises, or WFOEs, were the focus of an effort led by the Chinese State Administration of Foreign Exchange (SAFE).

This is the latest publication from the FM Indices – a new cross-industry benchmark. In today’s business world, big-data analysis and access to objective information sources are crucial for success. Unfortunately, until now, it has been challenging and costly, if possible at all, to find any reliable benchmarks for operations in social media, Cryptocurrencies , Forex , 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.

About the Author: Sylwester Majewski
Sylwester Majewski
  • 126 Articles
  • 14 Followers
About the Author: Sylwester Majewski
A graduate of the Warsaw School of Economics, Sylwester received an MA specializing in finance and banking. As Finance Magnates' research associate and STA certified analyst, he leaves no stone unturned. Sylwester is the previous minority partner of an NFA registered US forex broker, and since 2003, has participated in many forex projects.
  • 126 Articles
  • 14 Followers

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