Financial and Business News

Doo Group Clocks $106.53 Billion in May Trading Volume

Friday, 14/06/2024 | 08:38 GMT by Tareq Sikder
  • XAU/USD was the top-traded product with a volume of USD 80.99 billion in May.
  • EUR/USD recorded the highest growth, increasing by 11.26% compared to April.
Doo Group logo

Doo Group, a conglomerate of several financial services entities including forex and contracts for differences (CFDs) brokers, has published its trading volume report for May 2024.

The report reveals that Doo Group's total trading volume for the month was USD 106.53 billion, a slight decrease from the previous month. The average daily volume for May also declined compared to April.

Top May Trades

The most traded products in May were XAU/USD, EUR/USD, and GBP/USD. XAU/USD had the highest trading volume, reaching USD 80.99 billion. EUR/USD showed the most significant increase, rising by 11.26% from April.

The report attributes the slight decline in trading volume to reduced investor risk aversion, influenced by better-than-expected US economic data and decreasing inflation pressure.

Additionally, expectations of lower interest rates from European central banks led to an upward movement in Eurozone stock indexes. This improved investors' risk appetite, resulting in a decreased interest in gold, as reflected in the lower trading volume for XAU/USD in May.

Since the beginning of 2024, Doo Group’s trading volume has remained stable. The year-to-date trading volume stands at USD 465.00 billion, a growth compared to the same period last year.

Expanding into Middle East with New Dubai Office

Earlier, Doo Group established a new office in Dubai, United Arab Emirates, marking its entry into the Middle East, as Finance Magnates reported.

This move aims to enhance its presence in the region and engage with the growing business opportunities there. The decision is also influenced by the group's expanding client base in the Middle East. The Dubai office will host a team with expertise in digital technology, software development, and client support, specifically to serve the regional clientele.

Doo Group, a conglomerate of several financial services entities including forex and contracts for differences (CFDs) brokers, has published its trading volume report for May 2024.

The report reveals that Doo Group's total trading volume for the month was USD 106.53 billion, a slight decrease from the previous month. The average daily volume for May also declined compared to April.

Top May Trades

The most traded products in May were XAU/USD, EUR/USD, and GBP/USD. XAU/USD had the highest trading volume, reaching USD 80.99 billion. EUR/USD showed the most significant increase, rising by 11.26% from April.

The report attributes the slight decline in trading volume to reduced investor risk aversion, influenced by better-than-expected US economic data and decreasing inflation pressure.

Additionally, expectations of lower interest rates from European central banks led to an upward movement in Eurozone stock indexes. This improved investors' risk appetite, resulting in a decreased interest in gold, as reflected in the lower trading volume for XAU/USD in May.

Since the beginning of 2024, Doo Group’s trading volume has remained stable. The year-to-date trading volume stands at USD 465.00 billion, a growth compared to the same period last year.

Expanding into Middle East with New Dubai Office

Earlier, Doo Group established a new office in Dubai, United Arab Emirates, marking its entry into the Middle East, as Finance Magnates reported.

This move aims to enhance its presence in the region and engage with the growing business opportunities there. The decision is also influenced by the group's expanding client base in the Middle East. The Dubai office will host a team with expertise in digital technology, software development, and client support, specifically to serve the regional clientele.

Topics
retail
retail brokers
retail forex
retail FX
doo group
About the Author: Tareq Sikder
Tareq Sikder
  • 2200 Articles
  • 40 Followers
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023. At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London. Education: Honours degree Information Technology, Anfell College, London

More from the Author

Retail FX

Finance Magnates Awards 2026 – Nominations Now Open

Finance Magnates Awards 2026 – Nominations Now Open

The Finance Magnates Awards 2026 nominations are now open. 🏆 From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements. Winners will be announced at the Cyprus Gala Dinner on November 6, 2026. Nominate your brand now. https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open #FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry

The Finance Magnates Awards 2026 nominations are now open. 🏆 From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements. Winners will be announced at the Cyprus Gala Dinner on November 6, 2026. Nominate your brand now. https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open #FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
More Videos

  • Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry

    Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry

    Lights on. Cameras ready. 🎬 Finance Magnates Awards 2026 nominations are now open. 🏆 #FMAwards #FinanceMagnates #FintechAwards #Fintech

    Lights on. Cameras ready. 🎬 Finance Magnates Awards 2026 nominations are now open. 🏆 #FMAwards #FinanceMagnates #FintechAwards #Fintech

  • Exness sees trust as the key theme for growth in MENA Trading Growth for 2026

    Exness sees trust as the key theme for growth in MENA Trading Growth for 2026

    Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026. In this interview, you'll learn: * Why Dubai and the MENA region are critical growth markets for fintech and online trading. * How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions. * The essential role local talent plays in providing a culturally relevant and compliant user experience. * Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary. * Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust." Key Takeaways: ➡️ The MENA region is rapidly shaping global financial markets. ➡️ New traders expect stability, precise execution, and transparency. ➡️ Local expertise is key to regulatory compliance and user experience. ➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency. Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/ #Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading

    Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026. In this interview, you'll learn: * Why Dubai and the MENA region are critical growth markets for fintech and online trading. * How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions. * The essential role local talent plays in providing a culturally relevant and compliant user experience. * Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary. * Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust." Key Takeaways: ➡️ The MENA region is rapidly shaping global financial markets. ➡️ New traders expect stability, precise execution, and transparency. ➡️ Local expertise is key to regulatory compliance and user experience. ➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency. Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/ #Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading

  • Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026

    Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026

    At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges. Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift. #PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech

    At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges. Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift. #PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech

  • Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms

    Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms

    Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today. Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk. Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks. Key Topics: - Broker and Prop Firm Data Challenges - The problem of delayed data processing (batch processing vs. real-time events) - Fragmented systems and conflicting data sources - Altima's unified, event-driven solution architecture - The concept of a "risk-aware CRM" - Built-in risk management in Altima Prop #Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture

    Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today. Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk. Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks. Key Topics: - Broker and Prop Firm Data Challenges - The problem of delayed data processing (batch processing vs. real-time events) - Fragmented systems and conflicting data sources - Altima's unified, event-driven solution architecture - The concept of a "risk-aware CRM" - Built-in risk management in Altima Prop #Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture