Cyprus-headquartered Exness closed October with a monthly trading volume of more than $4.8 trillion, a record figure for the forex and contracts for differences (CFDs) broker. The latest number jumped 8.2 percent from the previous month.
Exness Approaching $5 Trillion Milestone
With the latest monthly trading volume, the broker is approaching the $5 trillion Milestone. The volume in October beat the previous record of $4.5 trillion in August. Although the demand slightly corrected in September, it rebounded aggressively last month. October also became the third consecutive month when Exness reported a trading volume of about $4 trillion.
Exness’ trading volume crossed the $1 trillion mark in October 2021, and over the span of two years, it almost elevated five times.
Year-over-year, the trading volume in October rocketed about 90 percent. In the corresponding month last year, the broker reported $2.5 trillion in trading volume.
Record Active Clients
Apart from the trading volume, the number of active clients also hit a record. According to the official figures, the number of active clients on the platform at the end of last month was 694,006. The figure surged 6.1 percent from the previous month’s 653,593.
Exness is an established broker in Europe. However, its extensive presence in emerging markets, including Asia, Africa, and Latin America, is likely to have contributed to the escalation in the trading volume.
The broker’s ambitions to expand its reach in Africa are clear with its licenses in South Africa and Kenya. In Latin America, it opened an office in Uruguay earlier this year. The broker also runs aggressive marketing campaigns in Asian markets and offers services in multiple South Asian languages, including Vietnamese, Bahasa, and Thai. However, the share of Exness’ trading volume from different markets is unknown.
Although Exness is hitting record after record with trading volumes, which are far higher than its competitors, the company's financials remain unknown.
Cyprus-headquartered Exness closed October with a monthly trading volume of more than $4.8 trillion, a record figure for the forex and contracts for differences (CFDs) broker. The latest number jumped 8.2 percent from the previous month.
Exness Approaching $5 Trillion Milestone
With the latest monthly trading volume, the broker is approaching the $5 trillion Milestone. The volume in October beat the previous record of $4.5 trillion in August. Although the demand slightly corrected in September, it rebounded aggressively last month. October also became the third consecutive month when Exness reported a trading volume of about $4 trillion.
Exness’ trading volume crossed the $1 trillion mark in October 2021, and over the span of two years, it almost elevated five times.
Year-over-year, the trading volume in October rocketed about 90 percent. In the corresponding month last year, the broker reported $2.5 trillion in trading volume.
Record Active Clients
Apart from the trading volume, the number of active clients also hit a record. According to the official figures, the number of active clients on the platform at the end of last month was 694,006. The figure surged 6.1 percent from the previous month’s 653,593.
Exness is an established broker in Europe. However, its extensive presence in emerging markets, including Asia, Africa, and Latin America, is likely to have contributed to the escalation in the trading volume.
The broker’s ambitions to expand its reach in Africa are clear with its licenses in South Africa and Kenya. In Latin America, it opened an office in Uruguay earlier this year. The broker also runs aggressive marketing campaigns in Asian markets and offers services in multiple South Asian languages, including Vietnamese, Bahasa, and Thai. However, the share of Exness’ trading volume from different markets is unknown.
Although Exness is hitting record after record with trading volumes, which are far higher than its competitors, the company's financials remain unknown.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
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Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
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🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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