Exness March Trading Volume Hits Record with over $930 Billion

Exness, the multi-asset brokerage with global operations, reported record monthly trading volumes for March with $930.6 billion. The demand was primarily bosted with an influx of new traders to the platform.

Total volume for March remained significantly higher than the previous month, with almost a 39 percent month-over-month jump. Last month’s figures came in higher than the volume the broker witnessed in March 2020, when the entire trading industry gained a windfall with Covid-spurred market volatility.

Interestingly, the trading volume on Exness has seen a jump every month since last May. Though some months saw marginal gain over the previous ones, the consistent trend shows the growth in the broker’s business.

Exness’s offerings include contracts for differences (CFDs) 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, stocks, indices, commodities and 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. The broker largely operated with its license from the Seychelles regulator and also gained another license in South Africa earlier this year.

Despite the impressive total volume, the broker did not reveal the demand across the individual asset class.

Client Activity at Its Peak

Apart from the volumes, the on-boarding of the new traders on the platform remained significant. March 2021 saw the highest number of monthly active clients with 187,609, which is up from the previous month’s active clients of 178,175. For comparison, the number of active clients on the platform in March 2020 was 103,373.

In addition, the broker ended 2020 with record figures, and now with the trend this year it might set another record. “[Exness] was able to capitalize on the volatile market situation and saw its highest-ever trading volumes,” the broker stated earlier.

Meanwhile, the broker is focused on strengthening its leadership team. Most recently, it promoted Artem Seledtsov as its new Markets Business Director and appointed Nabil Mattar as its new Head of Premier Account Management Operations, Finance Magnates reported.