- Retail margin forex trading sees an 11% increase in active traders, reaching 186,000, driven by new and reactivated traders.
- The rise in crypto trading continues, with diversification and platform security emerging as key factors for traders.
After three years of decline, retail margin forex trading in the US has experienced an impressive recovery, according to the latest 2024 US Leverage Trading Report by Investment Trends.
The number of active forex traders has surged by 11%, reaching 186,000 traders over the past 12 months, compared to 167,000 in 2023. This resurgence is attributed to an influx of 71,000 new and reactivated traders, along with a decrease in trader dormancy.
The report highlights a growing interest in low-capital entry and day trading, with many new traders motivated by the desire to learn new skills.
The role of “finfluencers” has also been pivotal in attracting fresh traders to the market. Additionally, crypto trading is on the rise, with more traders adopting digital currencies as part of their diversification strategy, while security remains a key consideration when selecting platforms.
Lorenzo Vignati, Associate Research Director at Investment Trends, noted that the increase in trader activity and the decline in dormancy signals a promising future for margin forex, offering brokers significant opportunities for long-term engagement.
