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 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 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.
