Exness has reported its metrics for the first month of 2024, as it handled a trading volume of $3.87 trillion, a 7 percent increase from the previous month. The broker witnessed a rise in demand in January after two consecutive months of slowdown.
The latest trading volume remains significantly higher year-over-year. Compared to the figure reported in January last year, the trading volume on the brokerage went up by 37 percent. The trading volume at the broker peaked last October at $4.8 trillion. However, the figure slipped to $3.93 trillion in November and then $3.6 trillion in December.
The growth of Exness, in terms of trading volume, has been exponential. Demand plummeted after the brokers followed the market to witness a sudden spike in March 2020 due to the pandemic’s impacts. But then, gradually, it started to pick up, crossing the $1 trillion milestone in October 2021, $2 trillion in March 2022, $3 trillion in February 2023, and then $4 trillion in August 2023.
Growing Number of Clients
Exness is headquartered in Cyprus but operates globally in many other countries. Besides establishing its European Union base, the broker aggressively expanded services in emerging markets of Asia, Africa, and Latin America. For its expansion in Africa, it obtained licenses in South Africa and Kenya while establishing its first Latin American presence with an office in Uruguay.
With the jump in trading volume last month, the number of active clients on the broker’s platform hit a record at 722,452, a monthly increase of 5.4 percent. The broker defines active clients as “total clients trading and conducting balance operations.” Similar to the trading volume, the number of active clients on the broker also increased exponentially over the past few years.
Meanwhile, Exceness recently witnessed Damian Bunce’s departure from the Chief Customer Officer role.
Exness has reported its metrics for the first month of 2024, as it handled a trading volume of $3.87 trillion, a 7 percent increase from the previous month. The broker witnessed a rise in demand in January after two consecutive months of slowdown.
The latest trading volume remains significantly higher year-over-year. Compared to the figure reported in January last year, the trading volume on the brokerage went up by 37 percent. The trading volume at the broker peaked last October at $4.8 trillion. However, the figure slipped to $3.93 trillion in November and then $3.6 trillion in December.
The growth of Exness, in terms of trading volume, has been exponential. Demand plummeted after the brokers followed the market to witness a sudden spike in March 2020 due to the pandemic’s impacts. But then, gradually, it started to pick up, crossing the $1 trillion milestone in October 2021, $2 trillion in March 2022, $3 trillion in February 2023, and then $4 trillion in August 2023.
Growing Number of Clients
Exness is headquartered in Cyprus but operates globally in many other countries. Besides establishing its European Union base, the broker aggressively expanded services in emerging markets of Asia, Africa, and Latin America. For its expansion in Africa, it obtained licenses in South Africa and Kenya while establishing its first Latin American presence with an office in Uruguay.
With the jump in trading volume last month, the number of active clients on the broker’s platform hit a record at 722,452, a monthly increase of 5.4 percent. The broker defines active clients as “total clients trading and conducting balance operations.” Similar to the trading volume, the number of active clients on the broker also increased exponentially over the past few years.
Meanwhile, Exceness recently witnessed Damian Bunce’s departure from the Chief Customer Officer role.
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- Source: https://www.financemagnates.com//forex/brokers/exness-january-trading-volume-rebounds-by-7-active-customers-hit-record/
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