Doo Prime, a pre-eminent online broker group with financial technology at its core, recently released its August 2023 trading volume report.

August Trading Volume Overview 2023  

• Total trading volume: USD87.59 billion  
• Most popular products: XAU/USD, EUR/USD, GBP/USD  
• XAU/USD saw the highest trading volume at USD63.52 billion 
• XAU/USD saw the highest increase, up USD1.79 billion or 2.90% 

According to the report, Doo Prime’s total trading volume in August 2023 sits at USD87.59 billion, a slight decrease of 4.79% from the previous month. On top of that, the average daily volume (ADV) in August was USD2.83 billion, a decrease of approximately 4.79% from July.    

Doo Prime’s trading volume increased significantly in July as investors purchased gold amid fears of a global recession and risk aversion. In August, as various important economic data were released and the hawkish statements from the Federal Reserve strengthened market expectations of a tightening cycle, the market adopted a wait-and-see attitude, resulting in a slight decrease in trading volume for the month of August. Since the beginning of 2023, Doo Prime has shown a stable trend overall. To date, Doo Prime’s total trading volume reached USD631.96 billion, an increase of approximately 44.10% compared to the same period last year. 

According to the data, XAU/USD, EUR/USD, GBP/USD were the top choices for traders during the month, accounting for 85.80%. Among them, XAU/USD recorded the highest monthly trading volume of about USD63.52 billion, while EUR/USD and GBP/USD had a total monthly trading volume of about USD11.63 billion.      

In addition, XAU/USD saw the highest trading volume growth, an increase of USD1.79 billion or 2.90% compared to July.   

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, an international preeminent online broker under Doo Group, 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 130,000 clients, with an average trading volume of more than USD 51.223 billion each month.   

Doo Prime entities respectively holds 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:   
Europe: +44 11 3733 5199   
Asia: +852 3704 4241   
Asia – Singapore: +65 6011 1415      
Asia – China: +86 400 8427 539      

E-mail:         
Technical Support: [email protected]      
Account Manager: [email protected]       

Forward-looking Statements  
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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. 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 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 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 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.