Exness, based out of Cyprus, ended October with an unprecedented trading volume exceeding $4.8 trillion. The record-breaking outcome for the forex and CFDs broker signals an 8.2% increase from the previous month’s figures.
With its recent trading volume, Exness now stands on the verge of reaching the significant $5 trillion milestone. The volume for October surpassed the previous high of $4.5 trillion set in August, rebounding strongly after a mild setback in September. It marks the third successive month where Exness has reported a trading volume of around $4 trillion.
Two years after surpassing the $1 trillion milestone in October 2021, Exness saw nearly a fivefold increase in trading volume. A year-on-year comparison shows that the October trading volume skyrocketed by about 90%. In the same month last year, the firm reported a trading volume of $2.5 trillion.
Unprecedented Number of Active Clients on Exness
In addition to the trading volume, the number of active clients reached an all-time high. As of the end of last month, Exness boasted 694,006 active clients, reflecting a 6.1% increase from the preceding month’s 653,593.
Known as a reputable broker in Europe, Exness also commands a significant presence in emerging markets such as Asia, Africa, and Latin America. This international exposure likely played a part in the surge in trading volume.
Exness has made its intentions of expanding in Africa clear, holding licenses in South Africa and Kenya. Also, earlier this year, it established an office in Uruguay to tap into the Latin American market. With a strong marketing presence in Asian markets and multi-language support, including Vietnamese, Bahasa, and Thai, Exness continues to grow. However, the exact geographical distribution of its trading volume remains undisclosed.
Despite consistently breaking records with trading volumes outpacing its rivals, Exness has yet to disclose its financial details.