Posted on March 8, 2018 by staff

Boom in female crypto traders

Online trading comparison site BrokerNotes compiled research from 500,000 traders and found that women now represent around 19 per cent of online traders worldwide – and are also more successful at it than men.

“When people think of trading, they think of testosterone-fuelled ‘Wolf of Wall Street’ characters,” said Marcus Taylor, CEO at BrokerNotes. “The reality is there’s no place for stereotypes in an online world.

“By offering anyone the tools to research and develop trading strategies, the internet has opened up trading to the masses.

“With more women demonstrating a flair for trading, it points towards a transformation that’s also moving towards gender equality.”

The research found that women are depositing an average of $424 less than men in their online trading accounts and making fewer, more calculated trades. Men are more likely to be reactionary to changes in the market.

The average income of a female online trader was £35,743, compared to the average male income of £32,525.

The cryptocurrency boom has played a role, with 59 per cent of women choosing to trade crypto over traditional assets like forex.