Eastern European traders replaced their Western neighbors as top depositors in June 2017
Originally posted on financemagnates.com by Michael Pearl
The USSR may be long gone, but as far as the binary options industry is concerned, it is a market alive and kicking. The latest benchmark created by the Finance Magnates Intelligence Department and CPattern reveals that Eastern European and Central Asian countries, formerly part of the USSR, are leading the top of the average deposit list.
Russian traders lead the list, followed by Latvia, Georgia and Moldova in 4th, 5th and 6th place, respectively. Kazakhstan also made the list at 9th place. Ukraine, Belarus, Azerbaijan and Armenia are within the top 20.
The first time deposit ranking – a average deposit made by first time traders – is also dominated by this region. Moldovan novice traders have deposited the most on average. Latvia, Armenia, Russia and Ukraine also appear within the top 20.
This phenomenon is quite new. Western European countries had dominated these statistics for the last 3 months. It’s reasonable to assume that this somewhat sudden development is related to the decline of the industry in the EU and more specifically, the Western part of the continent, caused by growing regulatory demands.
This trend was also evident in the semi-annual global benchmark we published recently, that revealed a decline in binary options deposits and withdrawals.
However, when it comes to the average withdrawal figures, there is something of a mirror effect – Spain leads the list, followed by eight Western European countries that made it to the top ten.
The research and analysis work conducted for preparing this index was powered by the retention automation firm CPattern.
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