Doo Prime, a pre-eminent online brokerage group with FinTech as its core, recently released its February 2024 trading volume report.
February Trading Volume Overview 2024
- Total Trading Volume: USD 70.76 billion
- Most Popular Products: XAU/USD, EUR/USD, GBP/USD
- XAU/USD saw the highest trading volume at USD 44.53 billion.
- GBP/JPY saw the highest increase, an increase of USD 0.46 billion or 43.29%.
According to the report, Doo Prime’s total trading volume in February 2024 is valued at USD 70.76 billion, a slight decrease of 14.18% from the previous month. Furthermore, February’s average daily volume (ADV) is USD 2.44 billion, an increase of 8.26% from January.
The US released a variety of key economic data in February, and they surpassed the market’s expectations, gaining a strong reaction from the market. As risk aversion rose, investors adopted a “wait-and-see” position towards the market, causing Doo Prime’s trading volume to drop slightly in February.
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 USD 153.22 billion, an expansion of 17.60% 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, contributing 81.33% of February’s total trading volume. Among them, XAU/USD has the highest monthly trading volume at USD 44.53 billion; meanwhile EUR/USD and GBP/USD have a total monthly trading volume of USD 13.02 billion.
Besides, GBP/JPY has the largest growth in the monthly trading volume, an increase of USD 0.46 billion or 43.29% as compared to January.
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, striving to lead the FinTech transformation in this era, ensuring that its clients are at the forefront of the industry.
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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 200,000 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.
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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 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.
