South Africa Tops New Deposits Index by FM Intelligence, Thailand Advances

A new report from Finance Magnates Intelligence Department is showing an interesting comparison between established and new markets with regard to 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 deposits. While more developed countries make up the majority of the top ten for deposits-per-GDP at FX brokerages, with six entries, some emerging markets have performed very strongly relative to their economy.

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The top ten deposit sources for FX firms, normalized for the size of the national economy per capita, in descending order, are South Africa, Germany, France, Indonesia, the United Kingdom, Thailand, Italy, Slovenia, Saudi Arabia and the Netherlands. While the forex industry has been growing in markets across Africa (such as Nigeria), it is surprising that a country from that continent not only made it onto the list, but topped it.

The nations of Western Europe remain a powerhouse for investments which is not unexpected considering the many firms that focus on the region, but the fact that Indonesia, Thailand and Saudi Arabia appear on the list highlights the popularity of forex in these markets - the reason that many firms are expanding to MENA and South East Asia.

Thailand in particular has been getting more and more focus from brokerages lately and is considered by many to be the next growth market. The country is a unique battleground where both Japanese and Western firms compete for traders' attention. Our data shows that the most popular brokers in terms of online searches are SBI Securities, Z.com, GMO Click, FXCM, DMM and Saxo Bank.

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The research and analysis work conducted for preparing this index was powered by the retention automation firm Cpattern.

This is the latest publication from the FM Traffic Indices – a new cross-industry benchmark created with a methodological formula that matriculates data from three main sources: insider information, our unique database and technological BI tools.

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 difficult 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, 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.