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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 has been an interesting one for forex traders around the world, coronavirus pandemic, unprecedented volatility and lockdowns fueled trading activities and resulted in volumes which are high with the record breaking fact of new traders. The retail forex sector was facing a difficult challenge before 2020 due to regulatory issues across the earth as businesses started reporting a dip of volumes. Several brokers closed office spaces in various regions of the earth because of regulatory problems.

In March 2020, due to a considerable outbreak of COVID-19, lockdowns restricted traveling, and individuals were sure to remain at home. Financial markets started reacting and that resulted in many trading possibilities across different assets. As a result of increased volatility in the forex sector, existing traders began increasing their exposure to make the most of new trading possibilities as new traders entered the market. To be a result, forex brokers registered new clients and record volumes. Today that 2020 is about to end, the actual issue arises, can it be easy for the list forex trading sector to maintain the considerable growth it achieved during 2020? We asked industry experts for the take of theirs on the list forex trading industry in 2021.

“One major consequence of the pandemic has been the move to working from home, both for brokers and traders alike. The COVID-19 outbreak has also resulted in unprecedented volatility. These have been several of the drivers for the enormous surge in trading volume seen since March, as traders had more time on the hands of theirs as a result of a reduced amount of travel and lockdowns overall, and were additionally looking for new interests to develop since they had newfound moment to dedicate. And so, not simply were present traders increasing the volumes of theirs but some firms have seen record amounts of new traders enter the industry. This was definitely the case for Exness regarding both volumes as well as brand new clients,” Moyes believed.

Alternative Growth
“Initially in March when the pandemic broke out worldwide, there was a major upsurge of volatility which, along with all the newcomers, was driving volumes to unprecedented levels. Although there was the inevitable small drop off in the months right after, volume levels had continuously increased across the season with levels far exceeding those before the pandemic. For a lot of firms, the increases may well be renewable given the amount of new clients. Additionally, circumstances around the extra time of individuals and working from home have changed almost no since earlier in the season, consequently, the same drivers for increased volumes still apply. We are getting about eighty % of the March volatility volume in Exness and now working near to a fifty % increase from this time last year,” the Chief Commercial Officer at Exness included.

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