March FX Trading Volume Up 35% at Saxo Bank
abstrak：Saxo Bank reported a monthly trading volume of $460.4 billion in March, the most since April 2020 and the highest since January 2019. The broker concluded the first quarter of 2021 with higher demand for retail trading, which was a record for the organization.
Saxo Bank reported a $460.4 billion monthly trading volume in March, the largest since April 2020. The broker ended the first quarter of 2021 with increased demand for retail trading.
The entire trade volume increased 9.8% in March compared to February. Moreover, trade activity increased by 17% year on year.
Overall daily average volume increased to $17.1 billion from $15.1 billion last month.
Forex Demand Soars
The volume traded on Saxo's forex trading pairs, which are popular with retail traders, was $152.2 billion. It was 35% greater than the previous month, but 10.7% lower than March 2021.
The daily average for FX instruments was $6.6 billion, up from $5.6 billion last month.
Last month, trading demand for shares dropped. It was $231.7 billion in total trading volume. This is the second straight month of falling demand for Saxo stocks, 8% in February and nearly 20% in January.
In contrast, demand for commodities increased to $67.6 billion from $43.9 billion last month, while demand for fixed income fell 18.5 percent.
Saxo announced its 2021 annual financials earlier this year, showing a little revenue gain but flat profitability. The trading platform's customer base grew by 17%.
Client activity has risen dramatically on other retail trading platforms in recent months. Exness completed March with $2.48 billion in trading activity throughout Europe and developing markets.
Magbasa pa ng marami
Challenge Yourself: Transform from Novice to Expert
From a forex novice to a trading expert, all it takes is this one opportunity! Join us for the Forex Beginner's Advancement Journey challenge and unlock your potential! Here, if you're a beginner, participating in the event and posting on selected topics will not only deepen your understanding of forex basics and help you advance but also earn you a Learning Encouragement Award. For those with some experience in forex, discussing insights under the event topics will allow you to exchange experiences and share techniques with like-minded peers, while also having the chance to win a Perspective Sharing Award! Come challenge yourself and break through the limits of forex trading together!
Sa likod ng Orfinex Prime Brokerage: Isang kaso ng pagsalangsang at negligencia
Orfinex Prime: Mga Allegasyon ng Negligencia at Paglabas | Ang mga problema ng mga kliyente ay nagpapahayag ng mga hindi ligtas na pamamaraan sa pagbebenta, malinaw na presensya sa Dubai, at mga alalahanin ng pagsalangsang. Gumawa ng mga aksyon para sa proteksyon ng mga mamimili.
I-claim ang Iyong 50% Welcome Bonus hanggang $5000!
Bukas sa Parehong Bago at Existing na Customer!
The pound, gilts and renewables: the winners and losers under Britain’s future PM
The race to be the next leader of Britain’s ruling-Conservative Party and the country’s prime minister is into its final leg, with the September outcome likely to shape the fortunes of sterling, gilts and UK stocks in coming months.
Broker ng WikiFX
Exchange Rate
