Exness Posts 7.6% Rise in September Trading Volume

Global 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 CFDs broker, Exness, has disclosed its key trading metrics for September, showing a trading volume jump for another month. According to the broker’s figures, the total trading volume for last month came in at $947 billion, which is 7.6 percent higher than the previous month.

This is the second-highest monthly trading volume reported by the broker after it peaked in July.

Year-over-year, the trading volume on the brokerage platform jumped by more than 58 percent. With the continued rally, Exness is poised to name itself as one of a small select group of retail brokers handling monthly trading activities worth more than $1 trillion.

Headquartered in Cyprus, Exness offers trading services across the globe with several regulatory licenses. Though Europe remains its primary market, it is heavily focusing on some of the emerging Asian markets. Additionally, the broker obtained a South African FSCA license earlier this year.

The Number of Active Clients Is Rising

The latest figures of the broker revealed that it ended last month with 231,952 active traders, much higher than the previous month’s figures of 224,544.

With the higher trading volume, client withdrawals on the broker increased. It reported $470.3 million in client withdrawals in the last quarter between July and September. In the two previous consecutive quarters, this figure was at $430.4 million and $404.7 million, respectively.

Furthermore, Exness is focused on strengthening its brand and service with the increase in retail trading demand. Earlier this year, it became a member of the Financial Commission that will provide fund protection of up to €20,000 to each Exness client.

Meanwhile, the broker strengthened its leadership team by the recent onboarding of Ahmed Badr as MEA sales team lead, Wael Makarem as the senior market strategist for the MENA region, and Marko Jagustin as the Head of Liquidity Liquidity The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent The term liquidity refers to the process, speed, and ease of which a given asset or security can be converted into cash. Notably, liquidity surmises a retention in market price, with the most liquid assets representing cash.The most liquid asset of all is cash itself.· In economics, liquidity is defined by how efficiently and quickly an asset can be converted into usable cash without materially affecting its market price. · Nothing is more liquid than cash, while other assets represent Read this Term provisions.