Analysis: Despite Lower Activity, Retail FX and CFD Deposits Grew in April

<p>March brought higher deposits and more transactions from retail traders. In our latest analysis of <a href="https://www.cpattern.com/" target="_blank" rel="nofollow">CPattern </a>data, <a href="https://www.financemagnates.com/intelligence/" target="_blank" rel="follow">Finance Magnates Intelligence</a> takes a closer look at how things evolved in April.
</p><p>In March, we observed that the average level of traders' activity, as measured by the number of transactions, continued to grow on the back of a strong start to the year. Both January and February saw increased trading activity, and in March, this growth continued, with a single retail trader reaching around 290 transactions.</p><p>However, the most recent data from April shows a decline to an average of 252.7 transactions made by a single trader. Nevertheless, the highest number of transactions registered among the top 10 countries increased to 327 from 316, indicating a growing disparity between countries.</p><p>Less Trading but Bigger Deposits
</p><p>Despite trading less frequently, retail traders were depositing much larger amounts into their accounts. The average single deposit in March increased from $1,757 to $2,401, marking significant growth of over 36%.</p><p>However, during the same period, we observed a rise in the average single withdrawal value. In March, it reached $3,192, reflecting an increase of 34% from the $2,370 recorded in February.</p><p>In terms of cumulative monthly deposits, we witnessed substantial growth, from $10,557 to $13,449. However, total cumulative monthly withdrawals decreased from $7,255 to $5,620. As a result, we achieved the highest value of NET deposits in the last 12 months, a total of $7,828.
</p><p>Now, let's take a look at where the highest monthly deposits were registered this time. It was the Netherlands, with an average of $16,126 that was sent to a trading account by a single trader from this country. Speaking of the Netherlands, the crypto exchange, Binance <a href="https://www.financemagnates.com/cryptocurrency/binance-shrinks-eu-presence-exits-netherlands-after-cyprus" target="_blank" rel="follow">recently exited</a> the local market as it failed to obtain a virtual asset service provider license from the regulator. Consequently, the exchange immediately ceased onboarding new Dutch residents as customers.
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This article was written by Sylwester Majewski at www.financemagnates.com.