Doo Prime, a pre-eminent online broker group with financial technology at its core, recently released its July 2023 trading volume report.
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July Trading Volume Overview 2023
- Total trading volume: USD91.99 billion
- Most popular products: XAU/USD, EUR/USD, GBP/USD
- XAU/USD saw the highest trading volume at USD61.73 billion
- XAU/USD saw the highest increase, up USD12.38 billion or 25.09%
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According to the report, Doo Prime’s total trading volume in July 2023 sits at USD91.99 billion, a slight increase of 17.68% from the previous month. On top of that, the average daily volume (ADV) in July was USD2.97 billion, an increase of approximately 13.88% from June.
In July, business activity in the United States and the European region both slowed down and contracted more than the market expected, exacerbating fears of a global recession. In this case, risk aversion has led investors to buy gold to avoid risk. XAU/USD was not only the most traded product in July, but also the product with the largest increase in trading volume. Since the beginning of 2023, Doo Prime has shown a stable trend overall. To date, Doo Prime’s total trading volume reached USD544.38 billion, an increase of approximately 44.3% compared to the same period last year.
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According to the data, XAU/USD, EUR/USD, GBP/USD were the top choices for traders during the month, accounting for 82.71%. Among them, XAU/USD recorded the highest monthly trading volume of about USD61.73 billion, while EUR/USD and GBP/USD had a total monthly trading volume of about USD14.36 billion.
In addition, XAU/USD saw the highest trading volume growth, an increase of USD12.38 billion or 25.09% compared to June.
As an industry-leading online broker, Doo Prime has been showing strong momentum in terms of trading volume. Doo Prime aspires to continuously build a global financial technology system and a comprehensive financial ecosystem. Doo Prime will strive for excellence through its journey of leading the new fintech era, keeping its clients at the forefront in the industry.
About Doo Prime
Our Trading Products
Securities | Futures | Forex | Precious Metals | Commodities | Stock Indices
Doo Prime is an international preeminent online broker under Doo Group, which strives to provide professional investors with global CFD trading products in Securities, Futures, Forex, Precious Metals, Commodities, and Stock Indices. At present, Doo Prime is delivering the finest trading experience to more than 90,000 clients, with an average trading volume of more than USD 51.223 billion each month.
Doo Prime entities respectively hold the relevant financial regulatory licenses in Seychelles, Mauritius, and Vanuatu with operation centers in Dallas, Sydney, Singapore, Hong Kong, 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. Doo Prime also incorporates 24/7 multilingual customer service and extremely fast trade execution via multiple 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:
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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.