Exness has published its trading statistics for April 2022, closing another month with impressive demand. Though the total monthly volume slipped from the peak achieved in March, it still remained strong above $2.1 trillion.
It was the second month the broker closed with a retail trading volume of more than the $2 trillion mark. It came after demand on the platform peaked in March with $2.48 trillion in total trading volume.
The activities in April slipped by more than 15.3 percent from the previous month, but there was a gain of 150 percent year-over-year. In April 2021, the broker only handled a trading volume of $841 billion.
An Industry-Wide Correction
But, Exness’ dip last month is not unique. A similar drop in demand has been observed across the trading industry, both among retail and institutional investors. It is more like a cyclical thing for the trading industry.
Moreover, Exness revealed that there was a decline in the number of active clients on the platform as well in April. The number of clients trading and conducting balance operations for the month stood at 281,279, which is down from the previous month’s 301,575.
Headquartered in Cyprus, Exness is offering multi-asset trading services. Apart from its European base, the broker is focusing extensively on some of the emerging markets like Asia and Africa. In addition, it is strengthening its services in all the markets by obtaining licenses locally.
“On the horizon for the next 3-5 years are big plans to strengthen our presence across emerging markets,” the Chief Business Development Officer at Exness, Artem Seledtsov told Finance Magnates in an interview. Furthermore, the broker is interested in blockchain technology, but its plans for that are still unknown.
Meanwhile, Exness has made many changes in its leadership in recent months. Last month, the broker onboarded Chris Trikomitis as its Established Markets Director and Alfonso Cardalda as the Chief Marketing Officer.
