Exness’ Active Clients in November Hit Record despite 5% Trading Volume Dip

Exness published its trading metrics for November, showing another month of correction in trading demand. It closed the month with a total trading volume of over $2.4 trillion. The figure was 5.1 percent lower than the previous month.

It was the fourth consecutive month when Exness witnessed a decline in monthly trading volume. The downward trend started after the figure hit $2.81 trillion in August, which is a record in the retail 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 and contracts for differences (CFDs) trading space.

Despite the month-over-month slide, November remains one of the best months in terms of trading activity in the broker’s operational history. Going by the ranks, it holds the fifth position only after the previous four months and last March when Exness first witnessed more than $2 trillion in trading volume.

Moreover, November was the ninth consecutive month when Exness reported a monthly trading volume of more than $2 trillion.

Considering year-over-year performance, Exness took a massive forward leap with these figures. The monthly volume of last month jumped by about 90 percent compared to the same figure in November 2021.

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Record Active Clients, Again

The correction in month-over-month trading demand could not stop the growing number of active clients on Exness’ platform. According to the official figure, the broker had 383,846 clients who traded and continued balance operations in November. It was a growth of 5 percent month-over-month and also a record.

The massive global expansion drive of the broker supported the exponential growth behind Exness. It has established itself in the Asian forex and CFDs trading markets and is now eying Africa after obtaining two licenses, one in South Africa and another in Kenya. All these expansions happen when the broker already has a strong presence in Europe.

On top of that, Exness is strengthening its position in the industry with new hires. Over recent months, it has onboarded Mohammad Amer as the Regional Commercial Director for MENA, Daniel Gordon as the Corporate Services Director, Katina Messinis as the Premier Account Management Head, and Alfonso Cardalda as the Chief Marketing Officer.