Analysis: Retail FX Traders in Thailand Very Active as the New Year Starts

After a challenging year in 2022, we take a look at the most recent CPattern data for January 2023. Finance Magnates Intelligence examines the most important retail trading accounts-related metrics.

In the first month of the current year, there were notable changes in our key operational metrics. The average deposit increased $238, from $1,473 to $1,711, representing a 16.1% increase. On the other hand, the average withdrawal decreased $524, from $2,413 to $1,889, indicating a 21.7% decrease.

Finally, the average first-time deposit increased slightly by $8, from $1,679 to $1,671, which is a 0.5% increase. All three indicators were below their values seen a year ago but not lower than $2,000.

More changes were seen in data from client monthly deposits and withdrawals. Between December and January, the total monthly deposit decreased slightly from $9,073 to $8,943, while the total monthly withdrawal decreased significantly from $6,498 to $3,759. As can be seen in the chart these were the lowest values in the last 12 months.

Asian Traders Trade Most Often

When it comes to the average trading activity of traders, it decreased in January to 258 transactions from 288 seen in December. The whole of Q4 2022 was very active and the current result brings us back to what we have seen before in Q4. Over the period from October 2022 to January 2023, the average activity started at 300 and fluctuated between 302 and 258, with an overall decrease of 4.0% from October to January 2023.

In which country were retail traders the most active? This time it was Thailand, however, once again the most enticing country was from the region of Asia. On average, Thai traders conducted 276 trades in January. Countries in the Asian region are becoming very popular destinations among FX/CFD brokers.

Finance Magnates Intelligence will be monitoring industry activity in the upcoming months. Stay tuned for more industry-related research, or reach us directly for additional research requests.