Analysis: Scandinavia Sees Growth in Deposit Size in April
- Chinese traders active again while customers in Sweden deposit the most
After a temporary slowdown during which Turkish traders were leading the ranks in terms of activity, April brings rebirth for China. The latest analysis by Finance Magnates’ Intelligence Department of data from CPattern shows that Asian traders on average were the most active globally.
The average Chinese retail FX trader made 113,9 transactions in April – marking a growth from 109,0 transactions registered in March. Second in the ranks was Malaysia with a result of 108,9 transactions. This time Turkey was far behind in 5th place with 76,5 transactions on average (per trader).
If we look at the continuation chart presenting the average activity for the ten most active countries, we will see that, while the average decreased in April to 81.7 transactions from 93.3 recorded in March, the highest activity remains above the 100 mark. Also, the lowest activity among top 10 countries remains solid above the 60 transactions mark.
When it comes to deposits, this time first position was held by Sweden. In April the average size of deposits (transfers) being sent to trading accounts by Swedish traders was $4,285.9. An improvement for this Scandinavian market was already observed in March when Sweden took 4th place in our rankings. Second place in April was held by the Netherlands with a result of $4,140.9 of average deposit size.
The average deposit size for Top 10 countries globally increased in April to $2,843.9. This marked a nice improvement after a rather sharp decline in March to $2,452.1 from February’s $3,763.9. The average withdrawal size decreased further in April to $2,343.9 from $2,959 while the size of the average first-time deposit (FTD) keeps fluctuating around the $1,000 mark since February.
This is the latest publication from the FM Traffic Indices – a new cross-industry benchmark. In today’s business world, Big Data Big Data Big data refers to the collection of data that is too complex and too large for processing by standard database tools. There is no specific quantity of data, which is set as a minimum level to be considered Big data. Image the data collected on global credit card transactions. Many governments used Big data analysis to study the recent pandemic spread. The term Big data was first introduced in 1980 by Charles Tilly.The term Big data was primarily used in computer science, statistics, and econome Big data refers to the collection of data that is too complex and too large for processing by standard database tools. There is no specific quantity of data, which is set as a minimum level to be considered Big data. Image the data collected on global credit card transactions. Many governments used Big data analysis to study the recent pandemic spread. The term Big data was first introduced in 1980 by Charles Tilly.The term Big data was primarily used in computer science, statistics, and econome Read this Term 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.
After a temporary slowdown during which Turkish traders were leading the ranks in terms of activity, April brings rebirth for China. The latest analysis by Finance Magnates’ Intelligence Department of data from CPattern shows that Asian traders on average were the most active globally.
The average Chinese retail FX trader made 113,9 transactions in April – marking a growth from 109,0 transactions registered in March. Second in the ranks was Malaysia with a result of 108,9 transactions. This time Turkey was far behind in 5th place with 76,5 transactions on average (per trader).
If we look at the continuation chart presenting the average activity for the ten most active countries, we will see that, while the average decreased in April to 81.7 transactions from 93.3 recorded in March, the highest activity remains above the 100 mark. Also, the lowest activity among top 10 countries remains solid above the 60 transactions mark.
When it comes to deposits, this time first position was held by Sweden. In April the average size of deposits (transfers) being sent to trading accounts by Swedish traders was $4,285.9. An improvement for this Scandinavian market was already observed in March when Sweden took 4th place in our rankings. Second place in April was held by the Netherlands with a result of $4,140.9 of average deposit size.
The average deposit size for Top 10 countries globally increased in April to $2,843.9. This marked a nice improvement after a rather sharp decline in March to $2,452.1 from February’s $3,763.9. The average withdrawal size decreased further in April to $2,343.9 from $2,959 while the size of the average first-time deposit (FTD) keeps fluctuating around the $1,000 mark since February.
This is the latest publication from the FM Traffic Indices – a new cross-industry benchmark. In today’s business world, Big Data Big Data Big data refers to the collection of data that is too complex and too large for processing by standard database tools. There is no specific quantity of data, which is set as a minimum level to be considered Big data. Image the data collected on global credit card transactions. Many governments used Big data analysis to study the recent pandemic spread. The term Big data was first introduced in 1980 by Charles Tilly.The term Big data was primarily used in computer science, statistics, and econome Big data refers to the collection of data that is too complex and too large for processing by standard database tools. There is no specific quantity of data, which is set as a minimum level to be considered Big data. Image the data collected on global credit card transactions. Many governments used Big data analysis to study the recent pandemic spread. The term Big data was first introduced in 1980 by Charles Tilly.The term Big data was primarily used in computer science, statistics, and econome Read this Term 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.