VT Markets, a Sydney-based global multi-asset broker, said it has seen a 125% increase in the total volume of trades executed on its platform since last year. The broker also posted a 140% growth in the total number of active traders on its platform in 2022.

VT Markets disclosed these numbers on Friday in a statement stating its overall performance in 2022 and shared them with Finance Magnates.

VT Markets Sees Surging Trading Volume in 2022

“VT Markets’ success was driven by an emphasis on innovation, product diversification and expansion into newer markets. The brokerage ventured beyond traditional trading products and offered more diverse instruments such as indices, bonds, and ETFs. They also expanded their business operations globally,” VT Markets explained in the statement.

Chris Nelson-Smith, the Director of VT Markets, further noted that the broker remains committed to developing its offering to keep up with the changing markets and industry trends.

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VT Markets Reports 2022 CFD Trading Statistics

VT Markets’ success comes in a year inflation figures are hitting historic highs, and brokers and traders are re-strategizing to adjust to the new market environment.

Finance Magnates Intelligence's August report noted that the value of first-time deposits by retail traders into forex and CFD accounts hit a historic low in August, collapsing to just $663 dollars from $1,354 recorded earlier in July. On the other hand, the average single withdrawal in August shot up to $2,293, which is a sharp increase from July's average of $1,902.

These numbers, the intelligence team explained, suggest that at the end of the summer period, new FX/CFD traders were not interested in investing at all while existing clients were either depositing more or pulling out their capital.

Also, regulators across key markets in 2022 tightened their marketing regulations for retail forex brokers. In March, the Australian Securities and Investment Commission announced that they will actively monitor influencers for non-compliant marketing. The regulator warned brokers to monitor their marketing partners to avoid penalties.

This is even as the regulator in the 2021 ASIC Young People and Money Survey found that 33% of young people aged 18-21-years-old follow at least one financial influencer on social media. Furthermore, 64% of the participants report changing at least one of their financial decisions due to an influencer’s action.