Exness, a major Forex and CFDs brokerage platform, has published its trading statistics for the month of June, showing recovery in demand after a couple of months of correction from the peak.
The platform reported a total trading volume of $861.7 billion for the month, which is almost 11 percent higher than the previous month’s $778.3 billion. Additionally, it is the second-highest monthly volume reported by the broker and is only slightly behind the peak it achieved in March this year with $930.6 billion.
Exness was established in 2008 and expanded its business in Europe before entering other regions. The broker is now heavily focused on emerging markets of Asia and Africa. The company even secured a South African regulatory license for brokerage operations, Finance Magnates reported earlier this year.
Similar to any other broker, Exness’ volumes zoomed in March 2020 with the pandemic induced market Volatility , but only to correct sharply in the next couple of months. However, a steady uptrend has been seen in trading activities since May last year.
Active Traders Decreased
Despite the gain in trading volumes in June, the number of active traders on the brokerage platform fell in absolute numbers. According to the broker, only 204,925 clients were active last month, compared to 207,150 in May. Further, this indicated that the monthly average trading volume per trader increased significantly.
However, the multi-regulated broker is witnessing rising withdrawals on its platforms. In the second quarter of 2021, between April and June, $430.4 million were withdrawn from the Exness platform, while this number was at $404.7 million in the previous quarter and $178.6 million in Q2 of 2020.
Meanwhile, Exness joined the self-regulatory organization Financial Commission as a member that will ensure fund protection of up to €20,000 per client of the broker.
