Analysis: UAE and Saudi FX Traders Investing the Most
- Latest data show high deposits from FX traders in Middle East region
Although May and June are already behind us, there were interesting developments which are worth further analysis.
Finance Magnates Intelligence takes a closer look at the latest data from cPattern, highlighting key improvements. Where are FX Traders Investing the most?
The first thing that catches the eye is the closest proximity in a year of all three leading metrics that we have analyzed. The average deposit, withdrawal and first-time deposits are all within the range of $2,307 and $2,660. The lower value of these two describes the average size of a single deposit sent to an account, and the higher value represents the average size of a withdrawal.
Another interesting observation is related to the activity of retail traders. For the third month in a row, the top activity is close to 260 transactions per trader. Also, the minimum value of this top 10 rank is stable, at around the 200 transactions mark. That is noticeably higher than it was last year, where even the highest value was below 200.
Not surprisingly China held the first position with 260 transactions on average, being made in June by single Chinese traders. Quite surprisingly, second, was Romania with 247 transactions, which was made by average traders in Romania.
The Middle East FX Traders Investing the Most
When it comes to the average value of all deposits sent to trading accounts in June, Saudi Arabia had the highest result. Brokers approaching the Middle East region will be happy to know that the average Saudi trader sent $16,306 to a trading account in June. Additionally, the next place is held by a representative of the region, UAE, with over $13,200 sent to an account by the average FX trader from this country.
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 on operations in social media, cryptocurrencies, Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, 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.
Although May and June are already behind us, there were interesting developments which are worth further analysis.
Finance Magnates Intelligence takes a closer look at the latest data from cPattern, highlighting key improvements. Where are FX Traders Investing the most?
The first thing that catches the eye is the closest proximity in a year of all three leading metrics that we have analyzed. The average deposit, withdrawal and first-time deposits are all within the range of $2,307 and $2,660. The lower value of these two describes the average size of a single deposit sent to an account, and the higher value represents the average size of a withdrawal.
Another interesting observation is related to the activity of retail traders. For the third month in a row, the top activity is close to 260 transactions per trader. Also, the minimum value of this top 10 rank is stable, at around the 200 transactions mark. That is noticeably higher than it was last year, where even the highest value was below 200.
Not surprisingly China held the first position with 260 transactions on average, being made in June by single Chinese traders. Quite surprisingly, second, was Romania with 247 transactions, which was made by average traders in Romania.
The Middle East FX Traders Investing the Most
When it comes to the average value of all deposits sent to trading accounts in June, Saudi Arabia had the highest result. Brokers approaching the Middle East region will be happy to know that the average Saudi trader sent $16,306 to a trading account in June. Additionally, the next place is held by a representative of the region, UAE, with over $13,200 sent to an account by the average FX trader from this country.
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 on operations in social media, cryptocurrencies, Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term, 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.