Traders’ attitude to charity: global broker Octa’s research

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KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 5 November 2024 – E-brokerage is a rapidly expanding sector globally, raising questions about its societal impact through social initiatives. Traders’ attitudes towards socially beneficial projects, including those led by Forex brokers, play a crucial role in this space. Octa, a global broker operating since 2011, conducted research to analyze traders’ involvement in and opinions on various charitable initiatives.

It is worth noting that education is one of the leading charity causes worldwide in terms of investment value and the overall scale of initiatives. In turn, Octa, as a global broker that stays true to its social mission, has been actively involved in educational projects in various countries. The broker focuses on enhancing education opportunities and improving living standards by facilitating learning and personal growth.

For example, this year, Octa implemented a charity project together with the KIR foundation to educate Nigerian women and provide them with work tools to help boost their small businesses. The broker also sponsored an on-site coding bootcamp in Malaysia for local youths to increase their learning potential and drive better career opportunities.

Trust and information sources
When learning about charity and corporate social responsibility projects in particular, traders use various sources, including social media (14% across all survey countries), printed newspapers, TV, and radio (20%), and word of mouth (11%).

Last but not least, 56% of the survey participants put the most trust in domestic charity foundations operating within a city or part of the country. In contrast, large-scale international charity organisations are significantly less popular among the traders’ community.

Octa traders’ survey showed that for most traders, charity initiatives are instrumental in establishing their active social role. Many participate in charitable ventures themselves, opting for donations and volunteer work. The high level of social responsibility among traders and their strong drive towards education emphasises the spirit of community and self-improvement embedded in the trading industry.
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Octa

is an international broker that has been providing online trading services worldwide since 2011. The company is involved in a comprehensive network of charity and humanitarian initiatives, including the improvement of educational infrastructure and short-notice relief projects supporting local communities.