We are pleased to release our May 2024 trading volume report, highlighting our strong performance and trading activity across our platform.
May Trading Volume Overview 2024
- Total Trading Volume: 106.53 billion USD
- Most Popular Products: XAU/USD, EUR/USD, GBP/USD
- XAU/USD saw the highest trading volume at 80.99 billion USD.
- EUR/USD saw the highest increase, an increase of 1.1 billion USD or 11.26%.
According to the report, Doo Prime’s total trading volume in May 2024 stood at 106.53 billion USD. Furthermore, May’s average daily volume (ADV) was 3.46 billion USD.
Investors’ risk aversion gradually faded away in May due to the better-than-expected US economic data, and the weakening of inflation pressure. Additionally, the central banks in Europe are expected to lower interest rates, causing the Eurozone’s stock indexes to move upward. This has enhanced the investors’ risk appetite and lowered their interest in gold. Therefore, there was a minor decrease in the trading volume of XAU/USD in May.
Since the beginning of 2024, Doo Prime’s trading volume has been in a stable state. Year to date, Doo Prime’s total trading volume is valued at 465.00 billion USD, marking a growth of 24.26% as compared to the same period last year.
According to the recorded data, XAU/USD, EUR/USD, and GBP/USD were the investors’ top picks, representing 88.81% of May’s total trading volume. Among them, XAU/USD has the highest monthly trading volume at USD 80.99 billion; while EUR/USD and GBP/USD have a total monthly trading volume of USD 13.63 billion.
Besides, EUR/USD has the largest growth in the monthly trading volume, an increase of 1.1 billion USD or 11.26% as compared to April.
As an internationally reputable online broker, we continue to demonstrate strong momentum in trading volume. With our seamless trading platform, well-established industry partnerships, and experienced technical team, we are committed to always providing the best trading experience.
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. The past performance of a financial instrument is not an indication of 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 the client 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 Statement 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 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.
