Doo Prime Reports Record Trading Volume in October 2023

Doo Prime, a pre-eminent online brokerage group with fintech as its core, recently released its October 2023 trading volume report.

 

October Trading Volume Overview 2023

  • Total trading volume: USD 72.80 billion
  • Most popular products: XAU/USD, EUR/USD, GBP/USD
  • XAU/USD saw the highest trading volume at USD 54.37 billion
  • US30 saw the highest increase, an increase of USD 0.63 billion or 94.59%

According to the report, Doo Prime’s total trading volume in October 2023 is valued at USD 72.80 billion, a slight decrease of 7.50% from the previous month. Furthermore, October’s average daily volume (ADV) is USD 2.35 billion, a slight decline of 10.49% from September.

The market continues to remain concerned in October due to the upgraded conflicts between Palestine and Israel. Additionally, the lower-than-expected performance of the various key economic data signifies the current market concern towards the future. The market’s risk aversion rose, and investors have resorted to a wait-and-see approach. Accordingly, Doo Prime’s October 2023 trading volume has slightly declined as compared to the previous month.

Since the beginning of 2023, Doo Prime’s overall trading volume has been in a stable state. To date, Doo Prime’s total trading volume amounted to USD 783.46 billion, an increase of 42.28% as compared to the same period last year.

According to the data recorded, XAU/USD, EUR/USD, and GBP/USD are the investor’s top picks, constituting 85.73% of October’s total trading volume. Among them, XAU/USD has the highest monthly trading volume, amounting to USD 54.37 billion; meanwhile, the total monthly trading volume of EUR/USD and GBP/USD amounted to USD 8.05 billion.

Aside from that, US30 showed the highest growth in the monthly trading volume, an increase of USD 0.63 billion, or 94.59% as compared to September.

As an internationally leading online brokerage group, Doo Prime continues to show a strong momentum in the trading volume. In the future, Doo Prime will continue to develop a global fintech system and build a comprehensive financial ecosystem. Doo Prime will continue to strive to lead the fintech transformation in this new era and ensure the clients are at the forefront of the industry.

| About Doo Prime

Our Trading Products    

Securities | Futures | Forex | Precious Metals | Commodities | Stock Indices

Doo Prime, an international preeminent online broker under Doo Group, strives to provide professional investors with a wide range of global CFD trading products including Securities, Futures, Forex, Precious Metals, Commodities, and Stock Indices. At present, Doo Prime is delivering the finest trading experience to more than 200,000+ professional clients, with an average monthly trading volume exceeding USD 51.223 billion.

Doo Prime entities respectively hold the relevant financial regulatory licenses in Seychelles, Mauritius, and Vanuatu with operation centers in Dallas, Singapore, Hong Kong, Sydney, Cyprus, Dubai, Kuala Lumpur, and other regions.

With robust financial technology infrastructure, well-established partnerships, and an experienced technical team, Doo Prime boasts a safe and secure trading environment, competitive trading costs, as well as deposit and withdrawal methods that support 20+ different currencies. Our 24/7 multilingual customer service ensures exceptional support, while our lightning-fast trade execution is facilitated through industry-leading trading terminals such as MT4, MT5, TradingView, and Doo Prime InTrade, covering over 10,000 trading products.

Doo Prime’s vision and mission are to become a financial technology-focused broker, streamlining international global financial products investment.

For more information about Doo Prime, please contact us at:

Phone:
Europe: +44 11 3733 5199
Asia: +852 3704 4241
Asia – Singapore: +65 6011 1415
Asia – China: +86 400 8427 539

E-mail:  
Technical Support: en.support@dooprime.com 
Account Manager: en.sales@dooprime.com 

Forward-looking Statements

This article contains “forward-looking statements” and may be identified by the use of forward-looking terminology such as “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “hope”, “intend”, “may”, “might”, “plan”, “potential”, “predict”, “should”, or “will”, or other variations thereon or comparable terminology. However, the absence of such terminology does not mean that a statement is not forward-looking. In particular, statements about the expectations, beliefs, plans, objectives, assumptions, future events, or future performance of Doo Prime will be generally assumed as forward-looking statements.

Doo Prime has provided these forward-looking statements based on all current information available to Doo Prime and Doo Prime’s current expectations, assumptions, estimates, and projections. While Doo Prime believes these expectations, assumptions, estimations, and projections are reasonable, these forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond Doo Prime’s control. Such risks and uncertainties may cause results, performance, or achievements materially different from those expressed or implied by the forward-looking statements.

Doo Prime does not provide any representation or warranty on the reliability, accuracy, or completeness of such statements. Doo Prime is not obliged to provide or release any updates or revisions to any forward-looking statements.

Risk Disclosure

Trading in financial instruments involves high risks due to the fluctuation in the value and prices of the underlying financial instruments. Due to the adverse and unpredictable market movements, large losses exceeding the investor’s initial investment could incur within a short period of time. A financial instrument’s past performance does not indicate its future performance.  Investments in certain services should be made on margin or leverage, where relatively small movements in trading prices may have a disproportionately large impact on the client’s investment, and clients should therefore be prepared to suffer significant losses when using such trading facilities.

Please ensure you read and fully understand the trading risks of the respective financial instrument before engaging in any transaction with Doo Prime’s trading platforms. You should seek independent professional advice if you do not understand any of the risks disclosed by us herein or any risk associated with the trade and investment of financial instruments. Please refer to Doo Prime’s Client Agreement and Risk Disclosure and Acknowledgement Notice to learn more.

Disclaimer

This information is addressed to the general public solely for information purposes and should not be taken as investment advice, recommendation, offer, or solicitation to buy or sell any financial instrument. The information displayed herein has been prepared without any reference or consideration to any particular recipient’s investment objectives or financial situation. Any references to the past performance of a financial instrument, index, or a packaged investment product shall not be taken as a reliable indicator of its future performance. Doo Prime and its holding company, affiliates, subsidiaries, associated companies, partners and their respective employees, make no representation or warranties to the information displayed and shall not be liable for any direct, indirect, special or consequential loss or damages incurred as a result of any inaccuracies or incompleteness of the information provided, and any direct or indirect trading risks, profit, or loss arising from any individual’s or client’s investment.

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