Australia Has the Largest FX/CFD Market Per Capita in the World - BitcoinEthereumNews.com
The year of the Covid-19 pandemic, which brought above-average market volatility, boosted retail traders activity, allowing a record number of active investors. The year of the Covid-19 pandemic, which brought above-average market volatility, boosted retail traders activity, allowing a record number of active investors. Daniel Lee, Regional Sales Manager for Vantage in Australia n widespread outbreak of COVID-19 in early 2020 has triggered unrelenting wavesn of unforeseen market volatility. This volatility has brought about a newn generation of investors and traders that look to capitalise on both upwards andn downwards price action. Coupling leverage with how quick moving the CFD marketsn can be, Vantage has experienced a surge of new clients that have strongn interests with trading forex, gold and indices CFDs, Daniel Lee, the Regional Sales Manager for Vantage FX in Australia, commented. For comparison, almost twice as large as Poland (in terms of population), the number of active retail traders is estimated at 60,000. In another part of the world, in Singapore, it was 50,000, according to estimates by Finance Magnates Intelligence. “There could be a number of contributing factors to this outcome: relatively high penetration of cash equities investing which is a feeder market, proximity to Asia which tends to be a