“Over 60% of Active Clients Opened New Positions Amid Tariffs’ Impact”

“Our user base leaned toward opportunistic behaviour,” NRDX’s Chief Revenue Officer, Nicolas Morphitis, told FinanceMagnates.com in an interview discussing trader activity on the platform following US President Donald Trump’s tariff announcement. “Rather than retreating, over 60% of active clients opened new positions, particularly shorting affected indices and commodities.”

“There was also increased hedging activity among more experienced traders,” he added. “We interpret this as a sign of growing sophistication within our client base and a strong appetite for real-time market engagement.”

Wall Street and global markets witnessed sharp volatility due to the uncertainty created by the new tariffs. While companies worldwide were impacted by the trade measures, one sector that benefited was online trading.

Earlier, GCEX’s Lars Holst told FinanceMagnates.com that the company experienced “some of its strongest trading days to date” following Trump’s Liberation Day, with FX spot trading volumes on its platform surging by nearly 250 per cent. Gold-i confirmed it saw a tenfold increase in FX and equity index price rates, along with about five times more trading activity.

Polish broker XTB recently revealed that trading volumes on its platform climbed to levels three times higher than during the peak of the pandemic.

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“Our Traders Were Quick to Take Positions”

Morphitis further detailed that the six most traded instruments on NRDX during the volatility were: US30 (Dow Jones), XAU/USD (Gold), USD/CNH (Dollar vs Chinese Yuan), S&P 500 CFDs, Tesla, and Nvidia.

“These instruments tend to react sharply to geopolitical and macroeconomic events, and our traders were quick to take positions across these markets,” he added.

The Dow Jones index dropped by roughly 11 per cent in the four trading sessions following the tariff announcement but has since recovered. Meanwhile, gold reached new highs and is now trading at record levels.

Senator Adam Schiff (D-CA) has called for an investigation into apparent stock market manipulation and insider trading by President Trump and his billionaire buds. As shown, NASDAQ call volume spiked a few minutes before Trump announced a 90 day tariff pause. Follow the money pic.twitter.com/7Ab6VJlQbG

— Lance Raphael (@LanceRaphael2) April 18, 2025

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“Setting Up a Revenue Stream… Is Challenging”

NRDX is a relatively new broker offering access to real stocks and CFDs. In an already saturated market dominated by established brands, brokers like NRDX face challenges in standing out.

“Setting up a revenue stream for a new broker in such a competitive space is certainly a challenge, but also a major opportunity if approached strategically,” Morphitis said. “While spreads and commissions are the primary revenue drivers, our main priority is to provide our clients and partners with the best possible products and services.”

Morphitis joined NRDX earlier this year and is based in Cyprus. He previously worked with several prominent brokerage firms, including BDSwiss, HF Markets, and Instant Trading.

Currently, NRDX operates under regulation in South Africa. However, the company has applied for additional licences to expand its global presence.

“Our platform supports traders in multiple regions, and we’re building a strong presence in select emerging markets across Africa, Asia, and LATAM,” Morphitis added. “The South African licence gives us both credibility and regulatory rigour, which we consider essential for long-term global growth.”