E-brokerage is a growing force in financial markets, raising questions about its social impact. Octa recently surveyed traders' involvement in various charity initiatives.
All generations do their part
Octa's research covered traders in Indonesia, Malaysia, Nigeria, and South Africa. Results showed 59% of traders engage in charity, with Nigeria leading at 74%. Differences are noticeable among age groups, with older traders being more active in Malaysia.
How do they participate?
About 53% of participants limit their contribution to monetary donations, with volunteering being the second choice. In Malaysia, 63% prefer donating money. The most important causes include healthcare and education, chosen by 68% of respondents.
Trust and information sources
Traders use various sources such as social media, print media, and radio for charity information. 56% trust local charity foundations, showing high social responsibility within the trading community.
Octa's survey highlighted traders' active charity involvement and high social responsibility, underscoring a commitment to community improvement and self-betterment.
