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Retail FX/CFD Analysis: August FTD Values Hit All-Time Low

<p>We are still digesting the summer period which did not bring the turnaround that some were hoping for. In the latest analysis of <a href="https://www.cpattern.com/" target="_blank" rel="nofollow">CPattern</a> data by <a href="https://www.financemagnates.com/intelligence/" target="_blank" rel="follow">Finance Magnates Intelligence</a>, no meaningful improvement in deposits of retail traders was registered.</p><p>Foremost, August brought a serious decline in the value of first-time deposits. From $1,354 seen in July, it plummeted to $663, which was the lowest reading in the history of our analysis. The clear downtrend started in February 2022, when the average first-time deposit was as high as $2,319. At the same time, it can be seen that average single withdrawals spiked higher, reaching a value of $2,293, which is up from $1,902 last seen in July. The combination of these two readings creates an impression that at the end of the summer period new FX/CFD traders were not interested in investing at all while existing clients were pulling out their capital.</p><p>Net Monthly Deposits of Retail Traders Lower</p><p>Also, the average cumulative monthly withdrawals grew in August from a low of $5,993 to $9,812. Additionally, the average total deposits increased but at a slower rate from $10,004 to $12,712. Thus, the Net monthly deposit decreased from $4,011 to $2,900.</p><p>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.</p>

This article was written by Sylwester Majewski at www.financemagnates.com.