Exness has published its trading metrics for June 2022, reporting a more than 12 percent monthly uptick in its trading volume. In absolute terms, revenue for the month came in at almost $2.25 trillion, making it the second-best month in the retail trading venue’s operational history.
The Cyprus-headquartered broker offers trading services with a range of instruments, including forex and contracts for differences (CFDs) of stocks, digital currencies, indices and several other asset classes.
The platform made an industry record last March as monthly trading volume almost touched $2.5 trillion. Though the trading demand corrected from the peak, it has stayed strong and above the $2 trillion mark, for four consecutive months.
The latest rebound in Exness’ monthly trading volume not only shows the rise in retail trading demand, but also the company’s growing popularity in the market. On a year-over-year basis, monthly trading volume on the platform skyrocketed by 161 percent.
Another Record
Trading volume is not the only parameter where the trading platform is making records. Additionally, the number of active clients on the trading platform touched a record in June with 323,216. The figure was more than 6 percent higher than the previous month and even surpassed the previous peak that was achieved in March.
Further, the client withdrawals on the retail trading platform peaked last quarter, between April and June. According to the official figures, Exness clients withdrew almost $985 million from the platform in the quarter, compared to $870 million in the previous three months.
One of the reasons behind Exness trading volume skyrocketing was the company's focus on emerging markets, especially in Asia. Now, the broker is eyeing the retail trading space in Africa. It received a Kenyan regulatory license earlier this year, while already holding permission from the South African financial market supervisor.
