Retail Forex Trading Industry in 2021: Is It Possible to Sustain Growth?

List Forex Trading Industry in 2021: Is It Possible to Sustain Growth?

This particular season continues to be a fascinating one for forex traders across the world, coronavirus pandemic, unprecedented volatility and lockdowns fueled trading activities and resulted in volumes that are high with the record breaking inclusion of new traders. The list forex niche was dealing with a hard challenge before 2020 due to regulatory concerns across the world as businesses began reporting a dip of volumes. Many brokers closed workplaces in different regions of the world because of regulatory problems.

In March 2020, because of a massive outbreak of COVID 19, lockdowns limited traveling, and people were sure to remain at home. Fiscal markets started out responding and that resulted in several trading possibilities throughout numerous assets. As a result of high volatility in the forex market, pre-existing traders began increasing their exposure to make use of different trading possibilities as brand new traders entered the industry. As a result, forex brokers registered new clients as well as record volumes. Now that 2020 is intending to end, the real question arises, can it be easy for the list forex trading industry to maintain the significant growth it attained during 2020? We asked industry professionals for their take on the retail forex trading market in 2021.

“One key consequence of the pandemic has been the move to working from home, both for brokers and traders alike. The COVID-19 outbreak also has resulted in unprecedented volatility. These have been several of the drivers for the huge rise in trading volume seen since March, as traders had far more time on the hands of theirs on account of lockdowns and a reduced amount of travel overall, and were additionally looking for new interests to produce since they’d newfound time to dedicate. Thus, not just had been existing traders increasing their volumes but several firms have seen record levels of completely new traders enter the business. It was definitely the case for Exness regarding both volumes as well as new clients,” Moyes said.

Sustainable Growth
“Initially in March if the pandemic broke out worldwide, there was a big upsurge of volatility which, together with all of the newcomers, was driving volumes to unprecedented levels. Even though there was the inevitable slight drop off in the days right after, volume levels had steadily increased throughout the season with levels far exceeding those before the pandemic. For a lot of firms, the increases might well be sustainable due to the number of new clients. In addition, circumstances around the spare time of individuals and working from home have changed very little since earlier in the season, therefore, the same drivers for improved volumes continue to apply. We’re receiving about eighty % of the March volatility volume in Exness and currently working near to a 50 % increase from this time last year,” the Chief Commercial Officer at Exness added.

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