Trading volume on Exness corrected from its peak achieved in March as the retail brokerage platform revealed its metrics for April. According to the official figures, the broker handled $3 trillion in monthly trading volumes last month, declining 22.6 percent from the previous month.

Exness Reports Trading Volume for April

When compared year-over-year, the trading volume in April came in significantly higher, increasing 42.5 percent. The broker’s trading volume in April 2022 was over $2.1 trillion.

Exness, which provides trading services with 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 contracts for differences (CFDs), witnessed peak trading activities last March, as volumes went up to $3.88 trillion. The astronomical figure for the retail trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term came a month after the trading volumes crossed the $3 trillion milestone. Though the trading volume decreased last month, it remained above that milestone.

The correction in trading demand in April is cyclic – Exness’ trading volumes went down month-over-month in April for the last three years, and the same trend persisted even before. Other trading platforms also witnessed similar trends in demand for their offerings.

Solid Number of Active Traders

Along with the trading volume, the number of active clients, who traded and conducted balanced operations, went down on Exness. The platform ended the month with 476,172 active traders compared to 491,064 in the month before.

The trading demand on Exness spiked during months of the pandemic when the entire trading industry witnessed a windfall growth. However, unlike most of the platforms, the growth of Exness sustained. The platform benefited from its geographical expansion push; it expanded aggressively in emerging markets, especially in Asia, apart from its established European base.

Now, Exness is eying its expansion into the African markets: it obtained two regulatory licenses in Africa, one in South Africa and the other in Kenya. Further, it opened an office in Uruguay earlier this year, marking its presence in Latin America.