Exness Sets Another Record, February Trading Volume Hits $1.59T

Exness published the retail trading metrics on its platform for February, which turned out to be a record month for the broker. The total trading volume for the month came in at almost $1.59 trillion, making it the best month for the broker in its operational history.

The Cyprus-headquartered retail forex and contracts for differences (CFDs) broker has been seeing a flood in demand for trading activities for a while now. It has become one of the very few 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 brokers to handle monthly trading volume above $1 trillion, and after the barrier was breached last October, it only went upwards.

The figures for February increased by 5 percent from the previous month but took a massive upward leap of 137 percent when compared with the same month of the previous year.

Along with the trading volume, the number of active clients on the retail trading Retail Trading In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade Read this Term volume hit another record. The broker ended the month with 269,692 active clients, which is a month-over-month jump of almost 5 percent.

Exness is an established brand in Europe, but the broker is now focusing on markets outside the continent. It has obtained several regulatory licenses over the years and is expanding aggressively in Asia and other emerging markets.

A Record Month in Trading

Meanwhile, February turned out to be one of the record months in the trading industry for both retail and institutional traders. Despite having only 20 trading days, the growing geopolitical tensions pushed the activities in the market higher.

Furthermore, other institutional platforms like FXSpotStream and Cboe FX reported a solid uptick in trading volumes that mostly came from the institutions.