Analysis: Is Growing Trader Activity in Turkey a Sign of Industry Recovery?
- Starting strong in 2018, February data confirms positive trends, with both activity and size of deposits growing again.
Last month showed growing activity of FX/CFD traders. However, this trend was seen mostly in East Asia, with China and Malaysia leading the ranks. This time, however, most active traders were found in Turkey with 131,2 transactions on average per trader, with China shortly behind.
The trend is a noticeable improvement from January when Turkey held the 3rd position in the activity rankings. Does this mean that troubles are already behind Turkey? Last year was not very kind to the local FX industry, which suffered losses due to regulatory restrictions on Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term available to traders.
As the latest analysis by Finance Magnates' Intelligence Department of data from CPattern shows, so far there is no indication of a growing inflow of funds into accounts of brokers residing in Turkey. In terms of average deposits size, it was the Netherlands that led the ranks with average deposits of $5,785.3 being sent to accounts. Shortly behind are two former leaders: New Zealand and Australia, with $4,324.3 and $3,990.4, respectively.
In terms of average withdrawal size, it was the UK leading the ranks again. This time we saw even bigger numbers with the average withdrawal growing to $6,776.7 from $5,003.7 in January. Are we seeing cryptocurrency traders moving their older profits away from UK CFD brokers offering crypto-trading, or is there another explanation for this trend? Second in the rankings was the Netherlands with an average withdrawal of $3,645.0.
We are still observing a growing trend for average deposit amounts being sent to FX/CFD accounts. The average for the top 10 countries was $3,763.9 in February – showing further growth from January’s $3,351.1. Yet, at the same time, the average withdrawal, despite a spike in the UK, was lower at $3,097.1, down from $3,309.9. We have also saw a further decline in the size of the average first-time deposit, falling to $885,1 from $1,116.6 as registered in January.
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 Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term 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.
Last month showed growing activity of FX/CFD traders. However, this trend was seen mostly in East Asia, with China and Malaysia leading the ranks. This time, however, most active traders were found in Turkey with 131,2 transactions on average per trader, with China shortly behind.
The trend is a noticeable improvement from January when Turkey held the 3rd position in the activity rankings. Does this mean that troubles are already behind Turkey? Last year was not very kind to the local FX industry, which suffered losses due to regulatory restrictions on Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term available to traders.
As the latest analysis by Finance Magnates' Intelligence Department of data from CPattern shows, so far there is no indication of a growing inflow of funds into accounts of brokers residing in Turkey. In terms of average deposits size, it was the Netherlands that led the ranks with average deposits of $5,785.3 being sent to accounts. Shortly behind are two former leaders: New Zealand and Australia, with $4,324.3 and $3,990.4, respectively.
In terms of average withdrawal size, it was the UK leading the ranks again. This time we saw even bigger numbers with the average withdrawal growing to $6,776.7 from $5,003.7 in January. Are we seeing cryptocurrency traders moving their older profits away from UK CFD brokers offering crypto-trading, or is there another explanation for this trend? Second in the rankings was the Netherlands with an average withdrawal of $3,645.0.
We are still observing a growing trend for average deposit amounts being sent to FX/CFD accounts. The average for the top 10 countries was $3,763.9 in February – showing further growth from January’s $3,351.1. Yet, at the same time, the average withdrawal, despite a spike in the UK, was lower at $3,097.1, down from $3,309.9. We have also saw a further decline in the size of the average first-time deposit, falling to $885,1 from $1,116.6 as registered in January.
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 Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term 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.