Alpari Group, the retail forex broker on Tuesday reported its monthly trading volumes for April 2018, showing slight weakness in volumes compared to previous month.
The group started the first month of Q2, 2018 with a slight weakness with total trading volumes reporting at $138 billion which is 6 percent lower when compared to March 2018 operational metrics, but on a yearly comparison, it jumped 43 percent from $95.6 billion in April 2017. Still, it is a good month for Alpari compared to whole 2017 in which it averaged $100 billion in trading per month.
The broker has managed to limit its downside in trading volumes compared to other leading brokerages, in which most of them experienced double-digit percentage fall in trading volumes. In fact, Alpari has managed to capitalize on the extreme volatility that has been rocking financial markets in the busiest April in last several years.
Increased volatility in US Dollar combined with geopolitical tensions and US-China trade war threats has led to far greater popularity for trading on safer instruments among Alpari’s clients in the previous months. Biggest contributor in volumes in April was XAUUSD and GBPJPY instruments, whose turnover grew by 10% and 17% respectively.
In the first quarter, Alpari reported increased levels of trading volumes that exceeded $429 billion over this period. The climb was also supported by the rise in clients in the Asia Pacific (APAC) region which contributed a strong growth on a yearly basis.