Exness has published its trading metrics for March which turned out to be a record month for the multi-asset broker. It ended the month with $2.48 trillion in total trading volume, which is a record in its operational history.
The latest monthly figures came over a week after Finance Magnates already published the broker's feat to reach the $2 trillion trading volume milestone, which is a record in the retail trading industry.
The monthly trading volume of March went up by 57 percent when compared to the same figure of the previous month. Year-over-year, the surge in trading volume was 167 percent.
A Major Name in the Retail Trading Space
Exness is headquartered in Cyprus, but the broker has a strong presence in the retail markets outside the European Union. It has obtained several regulatory licenses over the years and is expanding aggressively in Asia and other emerging markets. The most recent regulatory license in its arsenal is from the South African financial market supervisor.
It has become one of the largest retail trading venues in recent years, mostly after the dominance of retail traders that started during the pandemic. The trading volume on the platform first hit the $1 trillion milestone in October 2021 and now has doubled that only in a few months.
Along with the total trading volume, the number of monthly active clients on the brokerage platform saw a significant surge. It had 301,575 active clients by the end of March, which is a jump of 11.8 percent from the previous month.
Meanwhile, the broker is strengthening its leadership and has made a few key hires in recent months. Last week, the company promoted Artem Seledtsov as the Chief Business Development Officer, who will now oversee its growth opportunities.
