Local retail leverage trading market outpaces Spain, Singapore, and France.
New traders are drawn to the industry due to the ability to trade in smaller amounts.
The year
2023 has marked a notable growth in the retail leverage trader population in
the United Arab Emirates (UAE). According to a recent report by Investment
Trends, there has been an increase of 9% in the number of foreign exchange (FX) and contracts for difference (CFDs) traders, with 18,500
traders initiating their first trade in the last year.
The Rising Tide of UAE's
Leverage Trader Population
The UAE's
leverage trader population now stands at 49,000, surpassing the figures from
Spain, Singapore, and France. The surge in new traders was primarily driven by
the appeal of starting trades with smaller amounts and the desire to acquire new
skills.
"New
traders continue to be attracted by an ability to trade with small amounts and
their desire to learn a new skill. Market volatility has also been a more
effective prompt this year," Lorenzo Vignati, the Associate Research
Director at Investment Trends, commented.
Moreover,
the reactivation of dormant traders has nearly doubled to 7,000, which is up from 4,000
in 2022, further contributing to the market's growth.
The Number of Traders Declines
Globally, Growing in UAE
According
to Investment Trends, the UAE stands out as the only market showing growth
among those surveyed in the leverage trading industry in 2023. Although the UAE
market is not the largest, it has only shown positive growth over the past 12
months. The number of traders increased 9% to 49,000.
At the same
time, it was down 25% to 205,000 in the UK, 24% to 175,000 in the US, and 19%
to 81,000 in Australia. On top of that, the survey by Investment Trends included Singapore and France, which FX/CFD market Finance Magnates analyzed last year.
"Across
each region we have surveyed so far in 2023 – in the leverage trading industry
– the UAE is the only market growing," Vignati added.
A separate Finance
Magnates report published in May 2022 shows that UAE traders are the most
likely to open accounts and spend the most amount of money. The average monthly deposit
in 2021 was nearly $13,000, with the first average deposit of $2,300. Also, UAE is
attracting traders, brokers worldwide, and a growing number of
cryptocurrency companies. The country wants to become a financial hub, cutting
off its economy's dependence on oil.
Increased Competition and
Shifts in Market Concentration
The report
highlighted a decrease in market concentration as new entrants and smaller
players strive for a larger market share. As of 2023, the top three providers
control 37% of primary relationships, which is a decrease from 45% in May 2022.
As the
competition heats up, traders are placing more emphasis on convenience when
selecting their primary provider. Vignati emphasized that brokers have a
significant opportunity to address what factors matter most to traders and
build a proposition that caters to their needs.
The report
also sheds light on how traders gather information when making investment
decisions. The report revealed that 53% of traders rely on online searches, followed by
37% who use social media. Word-of-mouth recommendations remain an effective way
of prompting account opening with the current provider. Furthermore,
English emerged as the preferred language for receiving educational content
among 86% of traders.
The year
2023 has marked a notable growth in the retail leverage trader population in
the United Arab Emirates (UAE). According to a recent report by Investment
Trends, there has been an increase of 9% in the number of foreign exchange (FX) and contracts for difference (CFDs) traders, with 18,500
traders initiating their first trade in the last year.
The Rising Tide of UAE's
Leverage Trader Population
The UAE's
leverage trader population now stands at 49,000, surpassing the figures from
Spain, Singapore, and France. The surge in new traders was primarily driven by
the appeal of starting trades with smaller amounts and the desire to acquire new
skills.
"New
traders continue to be attracted by an ability to trade with small amounts and
their desire to learn a new skill. Market volatility has also been a more
effective prompt this year," Lorenzo Vignati, the Associate Research
Director at Investment Trends, commented.
Moreover,
the reactivation of dormant traders has nearly doubled to 7,000, which is up from 4,000
in 2022, further contributing to the market's growth.
The Number of Traders Declines
Globally, Growing in UAE
According
to Investment Trends, the UAE stands out as the only market showing growth
among those surveyed in the leverage trading industry in 2023. Although the UAE
market is not the largest, it has only shown positive growth over the past 12
months. The number of traders increased 9% to 49,000.
At the same
time, it was down 25% to 205,000 in the UK, 24% to 175,000 in the US, and 19%
to 81,000 in Australia. On top of that, the survey by Investment Trends included Singapore and France, which FX/CFD market Finance Magnates analyzed last year.
"Across
each region we have surveyed so far in 2023 – in the leverage trading industry
– the UAE is the only market growing," Vignati added.
A separate Finance
Magnates report published in May 2022 shows that UAE traders are the most
likely to open accounts and spend the most amount of money. The average monthly deposit
in 2021 was nearly $13,000, with the first average deposit of $2,300. Also, UAE is
attracting traders, brokers worldwide, and a growing number of
cryptocurrency companies. The country wants to become a financial hub, cutting
off its economy's dependence on oil.
Increased Competition and
Shifts in Market Concentration
The report
highlighted a decrease in market concentration as new entrants and smaller
players strive for a larger market share. As of 2023, the top three providers
control 37% of primary relationships, which is a decrease from 45% in May 2022.
As the
competition heats up, traders are placing more emphasis on convenience when
selecting their primary provider. Vignati emphasized that brokers have a
significant opportunity to address what factors matter most to traders and
build a proposition that caters to their needs.
The report
also sheds light on how traders gather information when making investment
decisions. The report revealed that 53% of traders rely on online searches, followed by
37% who use social media. Word-of-mouth recommendations remain an effective way
of prompting account opening with the current provider. Furthermore,
English emerged as the preferred language for receiving educational content
among 86% of traders.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
AvaTrade Jumps into Futures Trading with the Launch of a New Platform
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 🔗 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
📣 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:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
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 🔗 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
📣 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:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
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 Africa’s 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 🔗 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
📣 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:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
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 Africa’s 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 🔗 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
📣 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:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
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
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
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
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
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.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔
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.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/company/financemagnates/
👍 Facebook: https://www.facebook.com/financemagnates/
📸 Instagram: https://www.instagram.com/financemagnates_official
🐦 X (Twitter): https://twitter.com/financemagnates/
📡 RSS Feed: https://www.financemagnates.com/feed/
▶️ Telegram: https://t.me/financemagnatesnews
Don't miss out on our latest videos, interviews, and event coverage.
🔔 Subscribe to our YouTube channel for more!🔔