Exclusive: Exness 2020 Trading Volume Hits Record, Active Clients Double

Exness, a multi-asset brokerage, has exclusively shared its trading volume numbers for 2020 with Finance Magnates, showing solid growth in the demand for its services.

In the first 11 months of this year, the total trading volume on the platform came in at $6,110.8 billion, setting a record for itself.

The company pointed out the increasing demand in the trading market during the market volatility induced by the economic lockdown to curb Coronavirus and gained heavily from that. Indeed, the trading volume on Exness hit $785 billion in March, setting a monthly record.

“[Exness] was able to capitalize on the volatile market situation and saw its highest-ever trading volumes,” the company stated.

Headquartered in Cyprus, Exness has operations across the globe and provides services to both retail and professional clients. It offers trading services with Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term pairs, stocks and indices, CFDs, Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, and also commodities.

Additionally, it has added new financial instruments to its offerings, including the popular stocks of Tesla, Amazon, Apple and Netflix.

The Pandemic Turned out to Be Positive for Brokers

The excellent growth in the trading volumes was pushed by increasing client activities. The number of active traders on Exness doubled this year to 143,560, compared to 2019’s figure of 72,721.

Moreover, the brokerage detailed that it closed at 315,585,372 orders so far this year, and handled withdrawals of $593 million and $100 million from clients and partners, respectively.

Apart from the booming business, Exness pledged €1 million as a part of its corporate social responsibilities to fight COVID-19. Furthermore, it dominated another $1.5 million to pandemic relief in developing countries.

“Taking a look behind the scenes and not just on a client level, Exness also responded to the pandemic by finding the right solutions to create a work from home model that would support its employees and guarantee uninterrupted performance during the crisis,” the broker added.