New Zealand’s FX watchdog, the Financial Markets Authority (FMA) just published the end results to an interesting survey it recently applied to locals of the nation. The main idea behind the survey was to research if New Zealanders were surging into trading platforms, and if the general public was more interested in FX and CFDs trading than before.
The FMA worked closely with Kantar Public, a data and consulting company.
The end results showcase a number of interesting end results:
- 80% of the surveyed local investors have a more agreeable view of the financial market, which is a direct result of investing in online brokers.
- 45 percent out of the 2000 people surveyed said that they purchased shares as their first investment choice.
- 31% were eager to invest due to a social phenomenon known as Fear of Missing Out or FOMO.
- 80 percent of the local Kiwi investors, from those that were surveyed, was revealed to have used at least one social media prior to their investment.
- Some 75% of the participants in the survey had used one expert source for advice purposes.
- The report outlined that traders had, on average, consulted around 4 different websites on investment info before jumping to the opportunity of investment. Their choice was thusly greatly dependant on these sources.
New Zealanders’ interest in FX, CFDs, and Crypto trading is on a steady increase.