Retail FX/CFD Analysis: August FTD Values Hit All-Time Low

Thursday, 01/12/2022 | 09:15 GMT by Sylwester Majewski
  • The lowest ever value of initial deposits.
  • Meanwhile, August withdrawals spiked higher.
forex

We are still digesting the summer period which did not bring the turnaround that some were hoping for. In the latest analysis of CPattern data by Finance Magnates Intelligence, no meaningful improvement in deposits of retail traders was registered.

Forex key metrics Q322

Foremost, August brought a serious decline in the value of first-time deposits. From $1,354 seen in July, it plummeted to $663, which was the lowest reading in the history of our analysis. The clear downtrend started in February 2022, when the average first-time deposit was as high as $2,319. At the same time, it can be seen that average single withdrawals spiked higher, reaching a value of $2,293, which is up from $1,902 last seen in July. The combination of these two readings creates an impression that at the end of the summer period new FX/CFD traders were not interested in investing at all while existing clients were pulling out their capital.

Net Monthly Deposits of Retail Traders Lower

Monthly forex deposits and withdrawals

Also, the average cumulative monthly withdrawals grew in August from a low of $5,993 to $9,812. Additionally, the average total deposits increased but at a slower rate from $10,004 to $12,712. Thus, the Net monthly deposit decreased from $4,011 to $2,900.

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.

We are still digesting the summer period which did not bring the turnaround that some were hoping for. In the latest analysis of CPattern data by Finance Magnates Intelligence, no meaningful improvement in deposits of retail traders was registered.

Forex key metrics Q322

Foremost, August brought a serious decline in the value of first-time deposits. From $1,354 seen in July, it plummeted to $663, which was the lowest reading in the history of our analysis. The clear downtrend started in February 2022, when the average first-time deposit was as high as $2,319. At the same time, it can be seen that average single withdrawals spiked higher, reaching a value of $2,293, which is up from $1,902 last seen in July. The combination of these two readings creates an impression that at the end of the summer period new FX/CFD traders were not interested in investing at all while existing clients were pulling out their capital.

Net Monthly Deposits of Retail Traders Lower

Monthly forex deposits and withdrawals

Also, the average cumulative monthly withdrawals grew in August from a low of $5,993 to $9,812. Additionally, the average total deposits increased but at a slower rate from $10,004 to $12,712. Thus, the Net monthly deposit decreased from $4,011 to $2,900.

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.

About the Author: Sylwester Majewski
Sylwester Majewski
  • 124 Articles
  • 14 Followers
About the Author: Sylwester Majewski
A graduate of the Warsaw School of Economics, Sylwester received an MA specializing in finance and banking. As Finance Magnates' research associate and STA certified analyst, he leaves no stone unturned. Sylwester is the previous minority partner of an NFA registered US forex broker, and since 2003, has participated in many forex projects.
  • 124 Articles
  • 14 Followers

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