Analysis: Retail FX/CFD Investors With Record Deposits

<p>After a typical summer slowdown, September brought about a widely expected revival in the FX/CFD industry. Retail traders returned from their holidays, contributing to an increase in certain indicators. <a href="https://www.financemagnates.com/intelligence/" target="_blank" rel="follow">Finance Magnates Intelligence</a> takes a closer look at the recent data from <a href="https://www.cpattern.com/" target="_blank" rel="nofollow">CPattern</a>.
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In our previous analysis, we expressed concern about lower activity and prolonged stabilization. This time, we observe that the average single deposit size gained momentum. In September, its value increased to $2,135 from the $1,855 seen in August. Concurrently, the average single withdrawal size decreased to $1,621 from $1,980. Is this a sign of heightened trading intentions among retail traders?</p><p>We also noted an uptick in the size of the average first-time deposit from a record low of $911 in the last report. While this indicator is still below the record, it has surpassed the $1,000 mark, suggesting that retail investors are willing to take more risks when opening new accounts.</p><p>A significant change occurred in the monthly data. While the total monthly size of deposits grew to $13,504 in September from $12,089, the total monthly withdrawal reached its lowest-ever reading. This time, its value was $3,695 compared to $9,288 in August. This low reading caused the NET deposit value to skyrocket to $9,809 from $2,801.</p><p>Swiss Retail Traders with the Highest Deposits</p><p>
Which country topped the deposits rank? This time, it was Switzerland. The average total monthly deposits for clients from this country amounted to $21,864, one of the highest values seen in our rank in the last 12 months.
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Speaking of Switzerland, recently, SIX, the Swiss National Bank (SNB), and six commercial banks have <a href="https://www.financemagnates.com/cryptocurrency/swiss-banks-collaborate-on-digital-swiss-franc-bonds-with-wholesale-cbdc/" target="_blank" rel="follow">embarked</a> on a pilot project focusing on tokenized central bank money for financial institutions, commonly referred to as wholesale central bank digital currency (wCBDC).
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This article was written by Sylwester Majewski at www.financemagnates.com.