Tue, June 18, 2024

Exness Records New High of $2.82T January Trading Volume

Broker News

Exness recorded a new high in trading volume for a retail brokerage platform in January. The published figures show that the broker recorded an overall trading volume of $2.82 trillion. 

The new record exceeded Exness’s prior $2.81 trillion set in August and was about 12% greater than December’s reported figure. On a year-over-year basis, there was an even more impressive rise of almost 87% in monthly trading volume.

In March 2022, Exness became the first retail forex and CFDs broker outside Japan to surpass the $2 trillion monthly trading volume threshold. Since then, trading volume on the broker has remained above this level, with minor fluctuations from month to month. January marked the eleventh consecutive month with more than $2 trillion in trading activity.

The broker’s long-term geographic expansion bolstered its market dominance. With a license in Cyprus, the company had a substantial presence in Europe and became well-known in the Asian FX and CFD markets. Now, Exness is establishing itself in Africa and has already obtained licenses in South Africa and Kenya.

Record Active Clients

The high number of active traders on the platform supported the volume of transactions for the month.

The cumulative 414,502 Exness clients either traded or held a balance in January, which was a 10.5% increase compared to the 374,978 from the previous month. It is also higher than the previous record set in November.

In the interim, Exness has been recruiting industry experts to bolster its management. During the last couple of months, they welcomed Mohammad Amer as the Regional Commercial Director for MENA. Daniel Gordon came on board as Corporate Services Director. Katina Messinis assumed her role as Head of Premier Account Management, and Alfonso Cardalda was appointed Chief Marketing Officer.

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