According to monthly data released by the Japanese Financial Services Authority, the number of actively trading binary options accounts in the country has averaged just above 12,000 since the start of the year.
Starting today, Forex Magnates is starting to cover details about volumes on one of the biggest markets for foreign exchange binary options. Since the Japanese Financial Services Authority (JFSA) has made it mandatory for companies, starting from this month, that provide the trading tool in the country to publicize their key metrics, Forex Magnates will provide a monthly recap of the data, touching on key points.
During the month of May combined volumes at GMO Click Securities, Traders Securities, IG Securities, JFX, YJ FX, Hirose FX and FX Trade Financial have totaled $674.6 million. This is a substantial drop from April, when the number was 41.5% higher. The drop in volumes remains consistent with the trend in the Japanese Forex trading volumes during the month of May.
The breakdown by currency pairs traded reveals that the customers hailing from Japan widely prefer to trade Japanese yen crosses. With a wide variety of offerings, the USD/JPY cross takes 45% of the market. Following behind are the EUR/JPY and the GBP/JPY crosses with 18% and 17%. The most traded binary options Forex pair globally, the EUR/USD comes only forth in Japan with a market share totaling 16%.
The total number of trading accounts increased by 2,600 in May to 271,554. That said, according to the monthly data released by the Japanese Financial Services Authority, the number of active binary options trading accounts in Japan has averaged just above 12,000 since the start of the year.
A definitive proof that the number of accounts is pretty much useless as a valuable measure for ascertaining how many clients a brokerage can expect to retain. The average lifespan of a binary options customer lasts just a couple of months, and there is not much that can be done about it, since the average number of customer loss incurred totaled 69.4% during the month of May.
At the same time, average profit to loss ratio calculation totaled 98.4%, as presented by data by the JFSA. This indicates a fair game, as a 100% number would mean a 50:50 chance in winning a certain trade. While there is no similar statistics for the Forex market, good traders know that the market can only go two ways - binary options simplify the process and for some clients with poor Risk Management strategies, they may actually be more prudent to use than straight forward FX trading.
Starting today, Forex Magnates is starting to cover details about volumes on one of the biggest markets for foreign exchange binary options. Since the Japanese Financial Services Authority (JFSA) has made it mandatory for companies, starting from this month, that provide the trading tool in the country to publicize their key metrics, Forex Magnates will provide a monthly recap of the data, touching on key points.
During the month of May combined volumes at GMO Click Securities, Traders Securities, IG Securities, JFX, YJ FX, Hirose FX and FX Trade Financial have totaled $674.6 million. This is a substantial drop from April, when the number was 41.5% higher. The drop in volumes remains consistent with the trend in the Japanese Forex trading volumes during the month of May.
The breakdown by currency pairs traded reveals that the customers hailing from Japan widely prefer to trade Japanese yen crosses. With a wide variety of offerings, the USD/JPY cross takes 45% of the market. Following behind are the EUR/JPY and the GBP/JPY crosses with 18% and 17%. The most traded binary options Forex pair globally, the EUR/USD comes only forth in Japan with a market share totaling 16%.
The total number of trading accounts increased by 2,600 in May to 271,554. That said, according to the monthly data released by the Japanese Financial Services Authority, the number of active binary options trading accounts in Japan has averaged just above 12,000 since the start of the year.
A definitive proof that the number of accounts is pretty much useless as a valuable measure for ascertaining how many clients a brokerage can expect to retain. The average lifespan of a binary options customer lasts just a couple of months, and there is not much that can be done about it, since the average number of customer loss incurred totaled 69.4% during the month of May.
At the same time, average profit to loss ratio calculation totaled 98.4%, as presented by data by the JFSA. This indicates a fair game, as a 100% number would mean a 50:50 chance in winning a certain trade. While there is no similar statistics for the Forex market, good traders know that the market can only go two ways - binary options simplify the process and for some clients with poor Risk Management strategies, they may actually be more prudent to use than straight forward FX trading.
Hargreaves Lansdown Attracts 34,000 Net New Clients, Up 48%
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
π LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
π£ Stay updated with the latest in finance and trading!
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
π£ Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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