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 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 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.
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 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 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.
