GemForex | Numbers Outlook – October 2022

Total Trading Volume during the Month of October 2022had reached over $409 billion,which is 5% higher year-over-year when compared with October 2021 ($389 billion) and a 4% decrease from the previous month of September 2022 (426 billion). 

Other client-centric parameters for the Company are also on a healthy uptrend. The number of Active Traders is showing a steady increase during the Month reaching 54,199 with 4.65 million unique trades, which is an increase year-over-year when compared to October 2021 with the respective numbers being 42,181 (28% increase)and 3.4 million (28% increase). The numbers for the previous average 12 months, ending October 2022, were 51k (6% lower)and 4.41 million (6% lower)respectively.

During September 2022, the company processed over $79 millionin Client Withdrawals, with the Partner Rewards payouts reaching $7.2 millionfor the month. The Client withdrawals maintained higher than the average of the last 6 months, but considering the increased Volume, the indicators show that there is the retention of funds and their circulation in the trading platforms.