Finance Magnates' New Index Reveals the Top Forex Referral Sources

Referrals are the lifeblood 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 and knowing what sources could refer the greatest number of potential clients to your website is essential for thriving in our competitive business. Helping you decide where to focus your precious marketing resources is the Finance Magnates Referrals Ranking.

This new and unique benchmark presents the most effective commercial sources of traffic referral to the leading brokers in the retail 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 industry. This data was created by closely examining the patterns of traffic on the websites of multiple brokers during July 2016.

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From this new information we can learn a number of interesting things. First and foremost we can see just how segregated the Japanese market is from the rest of the world - so don't plan on your strong international brand bringing clients to a new branch in Japan. Luckily we also tell you which sites are most active in referring traders in the giant Asian economy. From the top to the bottom those are: Pointi.jp; Diamond.jp; Dietnavi.com; Gendama.jp; and Lifemedia.jp.

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On the international front we see that of the top five sources for referrals, two were educational sites, two were traders' forums and one was a dedicated news site. At number five was Investopedia, number four was Forex Peace Army and number three was Baby Pips. The runner up was aggregator Investing.com and leading the ranking in July was the FX portal ForexFactory, not very surprising considering its huge traffic.

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Make sure to look for the index next month and every month thereafter to see how the referral ecosystem changes.

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Working for you

This is the second publication from the FM Traffic Indices – a new cross-industry benchmark, created with a methodological formula that matriculates data from three main sources: brokers’ trading volumes, brokers’ traffic data and insider information.

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 hard and costly, if possible at all, to find any reliable benchmarks for operations in social, FX and CFDs trading.

For this reason, the Finance Magnates Intelligence Department has launched a new project of creating a set of monthly indices encompassing various aspects of the online trading 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.

Want know more? Get the brand new FM Intelligence Report:

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