Analysis: FX Traders Starting 2022 with Lower Deposits

There was a decline in the size of monthly withdrawals

There was a jump in the first deposits of FX traders.

January was the third month in a row of continued decline in the size of total monthly deposits. On average, traders were depositing $12,774 during the whole month. In December, it was $13,257. The highest result was seen in October when traders deposited $14,401 on average.

Additionally, there was a decline in the deposits' area. Over the course of the entire month, traders on average removed $7,687 from their accounts, and it was the first decline in twelve months. The highest average withdrawal of $9,341 was seen in December.

Average Deposits for Forex Industry

What were the average money transfers？ The average single deposit by one trader was $1,893, and it was the lowest value in the last twelve months. The average withdrawal per transaction was $2,681, and it was a higher result than in December. The average first time deposit (FTD) was $2,319, which was highest in the last six months.

Finance Magnates Intelligence will be monitoring industry activity in the upcoming months. Stay tuned for more industry-related research, or reach us directly for additional research requests.