Exness' June Trading Volume Remains Flat despite Record Number of Clients

Exness’ June Trading Volume Remains Flat despite Record Number of Clients

Time Stamp: July 7, 2023 3:31 AM
Exness' June Trading Volume Remains Flat despite Record Number of Clients PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Exness, one of the top forex and contracts for differences (CFDs) brokers, has released its metrics for June, reporting about $3.32 trillion in trading volume for the month. The figure came in almost flat compared to the previous month’s overall trading volume.

Cyprus-headquartered Exness made a record last February when trading volume breached the $3 trillion milestone. A month later, in Mach, the trading volume peaked at $3.88 trillion, Finance Magnates reported, only to pivot. However, the monthly trading volume on the platform did not decline below the $3 trillion mark despite correction from the peak.

After reaching $3 trillion in monthly volume in April, trading demand surpassed in the consecutive month as the figure came in at $3.35 trillion in May. Although the latest trading volume came in almost flat month-over-month, it jumped nearly 48 percent from June 2022, when the trading volume was at $2.25 trillion.

The demand for Exness‘ offerings took off post the impact of the Covid-19 pandemic on retail trading. The trading volume on the platform crossed the $1 trillion mark on October 2021 and then $2 trillion in March 2022. Interestingly, the trading volume on the platform never went down the key $1 trillion, $2 trillion, and $3 trillion milestones, respectively, after they were achieved.

Beyond its established European base, the broker’s expansion into emerging markets like Asia and Africa has helped it offer high leverage that contributed to the trading volume. It obtained two regulatory licenses in Africa: one in South Africa and the other in Kenya. Further, it opened an office in Uruguay earlier this year, marking its presence in Latin America.

Record Number of Active Clients

Apart from the trading volume, Exness also revealed a record number of active clients on its platform. Accordion to the broker, 531,511 clients traded and conducted a balanced operation in June. The figure jumped by more than 3.1 percent from the previous month.

Furthermore, the broker handled about $1.32 billion in withdrawals in the three months between April and June. It declined from the previous quarter when the withdrawal was at about $1.36 billion.

Exness, one of the top forex and contracts for differences (CFDs) brokers, has released its metrics for June, reporting about $3.32 trillion in trading volume for the month. The figure came in almost flat compared to the previous month’s overall trading volume.

Cyprus-headquartered Exness made a record last February when trading volume breached the $3 trillion milestone. A month later, in Mach, the trading volume peaked at $3.88 trillion, Finance Magnates reported, only to pivot. However, the monthly trading volume on the platform did not decline below the $3 trillion mark despite correction from the peak.

After reaching $3 trillion in monthly volume in April, trading demand surpassed in the consecutive month as the figure came in at $3.35 trillion in May. Although the latest trading volume came in almost flat month-over-month, it jumped nearly 48 percent from June 2022, when the trading volume was at $2.25 trillion.

The demand for Exness‘ offerings took off post the impact of the Covid-19 pandemic on retail trading. The trading volume on the platform crossed the $1 trillion mark on October 2021 and then $2 trillion in March 2022. Interestingly, the trading volume on the platform never went down the key $1 trillion, $2 trillion, and $3 trillion milestones, respectively, after they were achieved.

Beyond its established European base, the broker’s expansion into emerging markets like Asia and Africa has helped it offer high leverage that contributed to the trading volume. It obtained two regulatory licenses in Africa: one in South Africa and the other in Kenya. Further, it opened an office in Uruguay earlier this year, marking its presence in Latin America.

Record Number of Active Clients

Apart from the trading volume, Exness also revealed a record number of active clients on its platform. Accordion to the broker, 531,511 clients traded and conducted a balanced operation in June. The figure jumped by more than 3.1 percent from the previous month.

Furthermore, the broker handled about $1.32 billion in withdrawals in the three months between April and June. It declined from the previous quarter when the withdrawal was at about $1.36 billion.

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