Exness Sees A 7% Surge In Trading Volume For January

Exness had released its metrics for January 2024. The company handled $3.87 trillion in trading volume, indicating an upsurge of 7% from the prior month.  It witnessed an increase in demand last month after two successive months of slowdown.

The most recent trading volume is still very high year-over-year. When compared to the amount reported last year in January, the trading volume at the broker increased by 37%.

The Trading Volume On The Platform Reached A Record High

In October last year, the trading volume on the brokerage reached an all-time high of $4.8 trillion. However, in November, the figure dropped to slipped to $3.93 trillion and then in December it slipped to $3.6 trillion.

Exness has seen a remarkable development in terms of trading volume. Demand dropped after the brokers tracked the market to observe a sudden increase in March 2020 as a result of the pandemic’s effects.

But after that, it gradually began to climb up, hitting the $1 trillion landmark in October 2021, it also crossed $2 trillion in March 2022, then $3 trillion in February last year, and lastly $4 trillion in August last year.

The headquarters of Exness is located in Cyprus but it operates worldwide in several other nations. Apart from building its European Union operations, the broker greatly extended its offerings in emerging markets of Latin America, Africa, and Asia.

For its growth in Africa, it secured licenses in Kenya and South Africa while inaugurating its first presence in Latin America with an office in Uruguay.

Exness Reaches Record Number Of Active Customers

Last month it witnessed a remarkable increase in trading volume, with the broker’s platform active customers reaching a record of 772,452, an increase of 5.4% per month. The broker defines active customers as total customers engaged in trading and controlling balance operations.

This uptick reflects the development trend witnessed in both the number of active clients and trading volume over the past few years. Meanwhile, Damian Bunce recently exited his role as the Chief Customer Officer.

Founded in 2008, Exness is recognized as a contracts-for-difference and a global Forex broker. The trading firm has demonstrated rapid evolution and gained numerous clients’ trust over the past years and is not regulated by 7 distinct jurisdictions.

Exness’s website is available in 18 languages, with customer support offered in major languages as well. With the opportunity to leverage this service, customers can significantly lower margin requirements and manage their trading strategies flexibly. The platform also provides an instant withdrawal option for Traders, along with offering a remarkable array of assets to trade.