The latest report from the Finance Magnates Intelligence Department and the retention automation firm CPattern shows that Switzerland was the best market for getting new deposits on the global forex trading map during the month of May 2017.
Surprisingly, following the wealthy, developed nation of Switzerland some relatively poor developing nations made it onto the list of top ten highest average first time deposits in May. These include Belarus, Peru, Guatemala, Ecuador and Swaziland.
Switzerland was also high on the list of overall average deposits, behind only Singapore. Unsurprisingly, most of the entries are rich European, Gulf and APAC nations. Belarus was the only representative of the poorer parts of the world this time.
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As for average withdrawals by forex traders, which implies bankable profit from successful trading during May or the months before that, the list is more diversified. Australia might lead the pack but we see countries from all over the world represented including the Dominican Republic, Russia, Swaziland as well as Trinidad and Tobago.
Working for you
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, 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 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.