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

This particular year continues to be a fascinating one for forex traders around the globe, coronavirus pandemic, unprecedented volatility and lockdowns fueled trading tasks and resulted in high volumes with the record-breaking fact of new traders. The retail forex industry was facing a tough challenge before 2020 because of regulatory issues across the world as businesses began reporting a dip in volumes. Several brokers shut office spaces in different regions of the world because of regulatory problems.

In March 2020, because of a considerable outbreak of COVID 19, lockdowns limited traveling, and individuals were likely to stay at home. Financial markets started responding and that resulted in many trading opportunities throughout numerous assets. As a result of excessive volatility of the forex market, existing traders started increasing the exposure of theirs to make use of different trading possibilities as new traders entered the industry. As a result, forex brokers registered record volumes and new clients. Now that 2020 is intending to end, the actual concern arises, do you find it easy for the retail forex trading industry to retain the considerable growth it realized during 2020? We asked industry professionals for their take on the list forex trading industry in 2021.

“One main consequence of the pandemic has been the move to working from home, both for traders and brokers alike. The COVID-19 outbreak has also resulted in unprecedented volatility. These have been some of the drivers for the massive increase in trading volume seen since March, as traders had more time on their hands as a result of lockdowns and less travel overall, and were also searching for new interests to produce since they had newfound time to dedicate. Thus, not just had been existing traders increasing the volumes of theirs but several firms have seen record quantities of completely new traders enter the industry. It was surely the case for Exness regarding both volumes and new clients,” Moyes said.

Alternative Growth
“Initially in March when the pandemic broke out worldwide, there was a major upsurge of volatility which, along with all of the newcomers, was driving volumes to unprecedented levels. Even though there was the inevitable slight drop off in the months right after, volume levels had continuously increased across the year with levels far exceeding those prior to the pandemic. For many firms, the increases may well be sustainable given the number of new clients. Furthermore, circumstances around the extra time of folks and working from home have changed hardly any since earlier in the season, therefore, the same drivers for improved volumes still use. We are getting about 80 % of the March volatility volume in Exness and currently running near to a fifty % increase from this time last year,” the Chief Commercial Officer at Exness added.