Exness Posts 7.6% Rise in September Trading Volume
Global forex and CFDs broker, Exness, has disclosed its key trading metrics for September, showing a trading volume jump for another month. According to the broker’s figures, the total trading volume for last month came in at $947 billion, which is 7.6 percent higher than the previous month.
This is the second-highest monthly trading volume reported by the broker after it peaked in July.
Year-over-year, the trading volume on the brokerage platform jumped by more than 58 percent. With the continued rally, Exness is poised to name itself as one of a small select group of retail brokers handling monthly trading activities worth more than $1 trillion.
Headquartered in Cyprus, Exness offers trading services across the globe with several regulatory licenses. Though Europe remains its primary market, it is heavily focusing on some of the emerging Asian markets. Additionally, the broker obtained a South African FSCA license earlier this year.
The Number of Active Clients Is Rising
The latest figures of the broker revealed that it ended last month with 231,952 active traders, much higher than the previous month’s figures of 224,544.
With the higher trading volume, client withdrawals on the broker increased. It reported $470.3 million in client withdrawals in the last quarter between July and September. In the two previous consecutive quarters, this figure was at $430.4 million and $404.7 million, respectively.
Furthermore, Exness is focused on strengthening its brand and service with the increase in retail trading demand. Earlier this year, it became a member of the Financial Commission that will provide fund protection of up to €20,000 to each Exness client.
Meanwhile, the broker strengthened its leadership team by the recent onboarding of Ahmed Badr as MEA sales team lead, Wael Makarem as the senior market strategist for the MENA region, and Marko Jagustin as the Head of liquidity provisions.
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