Trading Volume on Exness Dips 3.5% in September, Active Clients Hit Record
- The broker handled above $2 trillion in trading volume for seven consecutive months.
- Client withdrawals from the trading platform also touched a record last quarter.
Exness published its trading metrics for September, reporting a marginal dip in activities after months of the upward rally. The total trading volume with contracts for differences (CFDs) instruments for the month came in at $2.74 trillion.
That figure dropped by around 3.5 percent compared to the previous month’s $2.8 trillion, which was a record in the broker’s operational history. However, September still remains to be the second-best in terms of total trading volume.
Trading activities on Exness started to rally upward post-pandemic when markets witnessed an influx of retail traders. Trading volume on the platform surpassed the $1 trillion milestone in October 2021 only to cross the $2 trillion mark next March. Though the monthly volume corrected and rallied, it has not dropped below $2 trillion for the last seven consecutive months.
Despite the monthly dip in September, the year-over-year surge in trading activities is significant. The gain in the trading volume over the period of a year is 190 percent.
Exness’ record trading volume resulted from the broker’s focus and expansion into several emerging markets. It has established itself in the Asian forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFDs trading markets and is now eying Africa after obtaining two licenses, one in South Africa and another in Kenya.
Record Active Clients
The number of active clients on Exness’ trading platforms hit another record last month. According to the numbers published by the broker, there were 368,151 active clients in September, which is a jump of 2 percent from the previous month’s 360,785. This figure has increased steadily every month since April.
Further, the client withdrawals from Exness also hit a record in the quarter between July and September. The official figures show that $1.1 billion worth of client money Client Money Client money refers to the money or margin – which may be any currency in the form of cash, check, draft, or electronic transfer – that a firm receives or holds for a client. Money held by a firm in the form of a stakeholder, which is are not payable on demand or immediately due, also refers to client money. The definition of client money does not apply to money held by businesses that operate in its own name on behalf of a client. Although the client does have to be in agreement before this arr Client money refers to the money or margin – which may be any currency in the form of cash, check, draft, or electronic transfer – that a firm receives or holds for a client. Money held by a firm in the form of a stakeholder, which is are not payable on demand or immediately due, also refers to client money. The definition of client money does not apply to money held by businesses that operate in its own name on behalf of a client. Although the client does have to be in agreement before this arr Read this Term was withdrawn in the period which was higher than any other quarter. The client withdrawals in Q1 and Q2 were 870 million and almost 985 million, respectively.
Exness published its trading metrics for September, reporting a marginal dip in activities after months of the upward rally. The total trading volume with contracts for differences (CFDs) instruments for the month came in at $2.74 trillion.
That figure dropped by around 3.5 percent compared to the previous month’s $2.8 trillion, which was a record in the broker’s operational history. However, September still remains to be the second-best in terms of total trading volume.
Trading activities on Exness started to rally upward post-pandemic when markets witnessed an influx of retail traders. Trading volume on the platform surpassed the $1 trillion milestone in October 2021 only to cross the $2 trillion mark next March. Though the monthly volume corrected and rallied, it has not dropped below $2 trillion for the last seven consecutive months.
Despite the monthly dip in September, the year-over-year surge in trading activities is significant. The gain in the trading volume over the period of a year is 190 percent.
Exness’ record trading volume resulted from the broker’s focus and expansion into several emerging markets. It has established itself in the Asian forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and CFDs trading markets and is now eying Africa after obtaining two licenses, one in South Africa and another in Kenya.
Record Active Clients
The number of active clients on Exness’ trading platforms hit another record last month. According to the numbers published by the broker, there were 368,151 active clients in September, which is a jump of 2 percent from the previous month’s 360,785. This figure has increased steadily every month since April.
Further, the client withdrawals from Exness also hit a record in the quarter between July and September. The official figures show that $1.1 billion worth of client money Client Money Client money refers to the money or margin – which may be any currency in the form of cash, check, draft, or electronic transfer – that a firm receives or holds for a client. Money held by a firm in the form of a stakeholder, which is are not payable on demand or immediately due, also refers to client money. The definition of client money does not apply to money held by businesses that operate in its own name on behalf of a client. Although the client does have to be in agreement before this arr Client money refers to the money or margin – which may be any currency in the form of cash, check, draft, or electronic transfer – that a firm receives or holds for a client. Money held by a firm in the form of a stakeholder, which is are not payable on demand or immediately due, also refers to client money. The definition of client money does not apply to money held by businesses that operate in its own name on behalf of a client. Although the client does have to be in agreement before this arr Read this Term was withdrawn in the period which was higher than any other quarter. The client withdrawals in Q1 and Q2 were 870 million and almost 985 million, respectively.