Analysis: UK Traders Seen Depositing the Most to Their Accounts in March

The retail FX industry has undergone an interesting change to a long-lasting trend

As the latest analysis by Finance Magnates’ Intelligence Department of data from CPattern shows, we are seeing the first significant decline following an almost year-long growth of the average size of deposits being sent to trading accounts by retail traders. The average value for the top 10 countries decreased to $2,452 in March 2018 from a record $3,763 registered in February 2018. Also, the average withdrawal size fell from $3,097 to $2,959.

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When it comes to the average deposits being sent to trading accounts, the UK topped the ranks with a result of $4,670. Surprisingly, second place was held by Brazil, where on average retail traders were depositing $2,996. Considering the many restrictions on leverage FX trading, these results are surprisingly good. The third position belonged to Ukraine with $2,605, which also was a somewhat unexpected result.

The UK was leading the ranks also in the area of the largest withdrawals per single trader. In March 2018, UK traders were taking $4,895 on average from their accounts per single withdrawal. Second place was occupied by Switzerland with an average withdrawal size of $4,201, followed by Australia with $3,728.4.

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Unsurprisingly, the UK also topped the ranks regarding average first-time deposits (FTD) with a result of $2,130. Following behind were the United Arab Emirates with average FTD of $1,441. Third place was filled by Denmark, which rather rarely appears in our rankings, with an average first-time deposit of $1,147.

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