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.
Exness' Trading Volume
Cyprus-headquartered Exness made a record in trading volume last February when it breached the $3 trillion milestone. A month later, in March, 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 a correction from the peak.
After attaining $3 trillion in monthly volume in April, the trading demand surpassed the consecutive month as the figure came in at $3.35 trillion in May. Although the latest trading volume was almost flat month-over-month, it jumped nearly 48 percent from the figures reported for June 2022, when the trading volume reached $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 in October 2021 and then $2 trillion in March 2022. Interestingly, the trading volume on the platform never descended below 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 which has contributed to its trading volume. It obtained two regulatory licenses in Africa: one in South Africa and the other in Kenya. Earlier this year, it opened an office in Uruguay, marking its presence in Latin America.
Record Number of Active Clients
Apart from the trading volume, Exness 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. Though, it had declined from the previous quarter when the withdrawals were 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.
Exness' Trading Volume
Cyprus-headquartered Exness made a record in trading volume last February when it breached the $3 trillion milestone. A month later, in March, 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 a correction from the peak.
After attaining $3 trillion in monthly volume in April, the trading demand surpassed the consecutive month as the figure came in at $3.35 trillion in May. Although the latest trading volume was almost flat month-over-month, it jumped nearly 48 percent from the figures reported for June 2022, when the trading volume reached $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 in October 2021 and then $2 trillion in March 2022. Interestingly, the trading volume on the platform never descended below 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 which has contributed to its trading volume. It obtained two regulatory licenses in Africa: one in South Africa and the other in Kenya. Earlier this year, it opened an office in Uruguay, marking its presence in Latin America.
Record Number of Active Clients
Apart from the trading volume, Exness 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. Though, it had declined from the previous quarter when the withdrawals were at about $1.36 billion.
