Exness Posts a Solid 75% YoY Jump in April Trading Volume

While most of the trading industry is reporting a slowdown for April, Exness has released its trading metrics for last month with some impressive numbers. Though there was a pullback from the record achieved in March 2021, the reported trading volume for April remained the second-best on the platform.

According to 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 CFDs broker, the total trading volume for the month came in at $841 billion, which is down by 9.6 percent from the previous month’s numbers. Exness reported a record volume of $930.6 billion in March, which is even higher than March 2020’s figures by 18.5 percent.

Though the trading activities on the broker were contracted last month, it is still higher by almost 75 percent when compared to the same month a year before. But, the monthly dip in April broke the continuous gain in its monthly trading volume since last May.

Activities among Global Retail Traders Are Increasing

Exness operates across the globe with multiple regulatory licenses. Apart from its presence in Europe, the broker is making emerging Southeast Asian markets one of its strongholds. It largely operates with its license from the Seychelles regulator outside Europe and gained another license in South Africa earlier this year.

Further, the broker added 7,460 new traders last month, taking the total number of its clients to 195,069 by the end of the month.

Meanwhile, Exness continued its efforts to strengthen its leadership. Last month, Finance Magnates reported on the appointment of Shlomi Dubish as the broker’s External Communications Head. His appointment followed the hiring of Nabil Mattar as its new Head of Premier Account Management Operations and the promotion of Artem Seledtsov as its new Markets Business Director.