GemForex | Numbers Outlook – April 2022

The numbers in our analysis have shown a steady increase when compared with the last 12 months‘ average figures and the previous year’s equivalent month (April 2021). We have seen however a drop in the overall volume numbers when compared to the immediate previous months. 

This does not come as a surprise to us, as the previous two months were among the most volatile markets we have seen in a while, driving more traders and speculators to the trading platform. During April and into the current month, although markets remain volatile, many traders are more calculated when entering the markets, waiting for ideal opportunities to capitalize on their trades. Something that was expected after the market shock during February/March (Russia/Ukraine war, Supply chain disruptions, Inflation spikes to name a few).

Total Trading Volume during the Month of April 2022had reached approximately $391 billion,which is a 14% increase year-over-year when compared toApril 2021 ($342 billion) however, a12% decrease from the average trading volume of the previous 12 months ($442 billion).

Other client-centric parameters for the Company are still on the uptrend. The number of Active Traders is showing a steady increase during the Month reaching 50,980 with 4.44 million unique trades which is an increase year-over-year when compared to April 2021 with the respective numbers being 34,331 (48% increase)and 2.7 million (65% increase). The numbers for the previous average 12 months, ending April 2022, were 46,173 (10% increase)and 3.8 million (17% increase) respectively.

In April 2022, the company had processed over $42 millionin Client Withdrawals, with the Partner Rewards payouts reaching $4.7 millionfor the month.