The Cyprus-based multi-asset broker, Exness reported a record surge in trading volume to USD $3.9 trillion in July. The amount surpassed the previous high of USD $3.88 trillion reported in March. Exness' growth was driven by the number of active clients in the company.

According to the company's statement, the retail FX and CFDs broker had the highest number of active clients in July, as it reached 571,348. This number compares to 531,511 the company reported in June. Exness' trading volumes and its number of active users have grown consistently in the past few years.

Exness' Growing Operations

Last year, Exness reported an average monthly trading volume of USD $2.27 trillion. In March, the volume surged above the USD $3 trillion mark for the first time, and Exness reported an average trading volume of USD $3.24 trillion during the first half of the year.

Besides that, Exness posted USD $1.31 billion in clients' withdrawals in the second quarter and over USD $100 million in partners' rewards. The broker handled about USD $1.32 billion in withdrawals in the three-month period between April and June.

Meanwhile, Exness has been expanding its operations globally in collaboration with expert traders. In July, Finance Magnates reported that the broker had unveiled Exness Team Pro, a program that harnesses the influence of a group of accomplished international trading experts who enjoy a huge following in their trading communities.

Global Expansion

During the unveiling, Alfonso Cardalda, the Chief Marketing Officer at Exness, remarked: "The talented individuals in Team Pro are the face and voice of our brand and our trading community and a great example of collaboration across the entire Exness ecosystem."

Besides that, a surge in trading volumes and the increase in the number of active users at Exness is partly attributed to its expansion in emerging markets such as Africa. The broker has obtained licenses to operate in South Africa and Kenya. In Latin America, Exness has established an office in Uruguay.