Doo Prime, a pre-eminent online brokerage group with FinTech as its core, recently released its November 2023 trading volume report. 

November Trading Volume Overview 2023 

• Total trading volume: USD 70.08 billion 
• Most popular products: XAU/USD, EUR/USD, GBP/USD 
• XAU/USD saw the highest trading volume at USD 49.02 billion 
• EUR/USD saw the highest increase, an increase of USD 1.89 billion or 30.15% 

According to the report, Doo Prime’s total trading volume in November 2023 is valued at USD 70.08 billion, a slight decline of 3.73% from the previous month. Furthermore, November’s average daily volume (ADV) is USD 2.34 billion, a slight decrease of 0.52% from October. 

Investors’ risk aversion has gradually decreased as the US economy slowed down and the inflation pressure declined. Furthermore, the market predicts that the Federal Reserve will be deflating its quantitative tightening (QT) cushion, causing the traders’ risk appetite to rise, reducing their interest in the risk-averse assets such as gold. For the record, XAU/USD has always been one of the main products in exchange among Doo Prime’s traders. Therefore, the overall trading volume in November has slightly slowed down.  

Since the beginning of 2023, Doo Prime’s overall trading volume has been in a stable state. Year to date, Doo Prime’s total trading volume is valued at USD 853.54 billion, an increase of 40.33% as compared to the same period last year.   

It is important to note that gold closed at USD 2,070/ounce in November, and it is the fourth time gold has reached this level since June 2020. This shows that gold prices still have room to go further upward, and gold’s trading volume may significantly increase in December. This may lead to an increase in Doo Prime’s overall trading volume. 

According to the recorded data, XAU/USD, EUR/USD and GBP/USD were the investors’ top picks, constituting 84.64% of November’s total trading volume. Among them, XAU/USD has the highest trading volume at USD 49.02 billion; meanwhile, EUR/USD and GBP/USD have a total monthly trading volume of USD 10.3 billion. 

Additionally, EUR/USD has the largest growth in the monthly trading volume, an increase of USD 1.89 billion or 30.15%, as compared to October. 

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 strive to lead the FinTech transformation in this new era and ensure the clients are at the forefront of 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 a wide range of global CFD trading products including Securities, Futures, Forex, Precious Metals, Commodities, and Stock Indices. At present, Doo Prime is delivering the finest trading experience to more than 1300,000 professional clients, with an average monthly trading volume exceeding USD 51.223 billion.  

Doo Prime entities respectively hold the relevant financial regulatory licenses in Seychelles, Mauritius, and Vanuatu with operation centers in Dallas, Singapore, Hong Kong, Sydney, Cyprus, 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. Our 24/7 multilingual customer service ensures exceptional support, while our lightning-fast trade execution is facilitated through 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  

This article contains “forward-looking statements” and may be identified by the use of forward-looking terminology such as “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “hope”, “intend”, “may”, “might”, “plan”, “potential”, “predict”, “should”, or “will”, or other variations thereon or comparable terminology. However, the absence of such terminology does not mean that a statement is not forward-looking. In particular, statements about the expectations, beliefs, plans, objectives, assumptions, future events, or future performance of Doo Prime will be generally assumed as forward-looking statements.   

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.   

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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. A financial instrument’s past performance does not indicate 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 clients 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 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.