$ 23,465.29
$ 1,851.11
$ 1.00
$ 0.538483
$ 0.378031
$ 1.00

The Latest Top Ten Binary Options Deposits Index is Dominated by African Countries

Ron Fetahu

According to the most recent data from the Finance Magnates Intelligence Department, nations in Africa are now leading other areas in regard to the amount of money deposited into binary options accounts. 

According to the information recorded during the month of October, four out of ten of the top marketplaces for novice investors came from Africa throughout that time period. This indicates that the industry’s investment in education and advertising throughout the region has been successful. 

The findings from September 2016, when no African countries had made it onto the list, are strikingly different from those of today. When the volume of the national economy per capita is taken into account, the following countries come in as the 10 leading first-time deposit sources for binary options companies:

These countries are listed in descending order. As can be seen, behind Africa, as the region with the second highest number of representatives worldwide, comes Europe.

When taking into account the fact that South Africa was the market with the highest deposits-to-GDP ratio for FX brokerages in September, the country’s current prominent role in this ranking should not come as much of a surprise. The South African binary brokers are leading the region to a new era.

When the size of the national economy per capita is taken into account, the following countries ranked as the top 10 overall deposit sources for binary options companies during the month of October: 

  • Nigeria
  • Zambia
  • South Africa
  • Romania
  • Ukraine
  • Georgia
  • Russia
  • Colombian
  • Lebanon
  • Jordan 

We can observe that the investments made by global binary options companies in Arabic-speaking countries have been fruitful since they have built a significant presence there.

Also read:

Related News

Ethereum’s Last Test Run Before the Biggest Crypto Event is Over.

The last practice run for Ethereum’s long-awaited update, which has been touted as one of the most significant events in the history of cryptocurrencies, was just completed.  The so-called proof-of-work technique has been used for mining Ethereum since the cryptocurrency was launched about a decade ago. It needs an excessive amount of energy as well as the solving of difficult mathematical problems by an enormous number of competing machines. The

Read More »

More trouble for Coinbase as the US Supreme Court rejects its appeal

The SEC is investigating Coinbase, the largest cryptocurrency exchange in the US, for allegedly listing securities on its platform. The Supreme Court’s denial of the exchange’s plea has caused yet another major problem. According to Bloomberg, the US Supreme Court rejected Coinbase’s request to submit its user disagreement to arbitration right now. It was said that the court’s request for the justices to intervene in the case was rejected. The

Read More »

Hodlnaut Has Become the Latest Crypto Lender Platform to Block Withdrawals

The cryptocurrency lending platform Hodlnaut, which is headquartered in Singapore, has halted withdrawals, token swaps, and deposits, blaming “current market circumstances.” This makes Hodlnaut the latest in a series of cryptocurrency companies to go out of business since May. According to the notice made on Monday, the business also stated that it will revoke its registration with the Monetary Authority of Singapore (MAS) to provide digital token payment services. According

Read More »

My Coins

$ 23,465.292.42%
$ 1,851.112.58%
$ 0.5384834.5%
$ 1.000.1%

Newest Videos on YouTube

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy


Contact Us

For any question conatct us through:

[email protected]

Disclaimer: All information and materials on this website are for educational purposes only. does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: [email protected]