Exness trading volumes for April drop by 23% from the peak

The trading volumes reported by the Exness trading platform have significantly recovered. The trading volumes have corrected from the peak attained in March, as seen in the fresh records released for April this year.

Exness trading volume drop by 23%

The official figures released by the company show that the broker handled $3 trillion worth of monthly trading volumes in April 2023. The trading volumes also dropped by 22.6% compared to the previous month.

The trading volumes at the company in April also recorded a significant year-over-year growth. The trading volumes reported last month were up by 42.5% compared to April last year. In April 2022, Exness reported more than $2.1 trillion in trading volumes.

Exness is a brokerage platform that provides a wide range of trading services dealing in financial assets such as forex and contracts for differences (CFDs). These trading services reported a significant increase in trading activities in March, with the volumes surging to $3.88 trillion.

The massive figure reported by the retail trading platform in April came one month after the volumes at the broker surpassed the $3 trillion milestone. However, these trading volumes dropped significantly last month but remained above the threshold.

The correction seen in the trading demand for April was also cyclic, and it also changed with time. The trading volume on the Exness trading platform also declined on April month-over-month over the last three years. The same trend has also been in existence since before.

Exness is not the only trading platform that has witnessed similar trends recently. Other trading platforms have also reported a similar performance on demand for their offerings. This shows that traders have been reporting significant volumes since the start of the year despite an uncertain global outlook.

Exness reports a drop in the number of active traders

Trading volumes were not the only metric that reported a drop in Exness. Another decline was also seen in the number of active clients that traded and conducted balanced operations on the Exness trading platform.

Exness ended the month with a total of 476,172 active traders, significantly lower than the 491,064 witnessed during the previous month. The trading demand reported on the Exness trading platform also increased significantly during the months when the COVID pandemic happened. At the time, the entire trading sector reported significant growth.

However, unlike most trading platforms that reported a correction shortly after the pandemic, Exness sustained its numbers. The platform reported significant benefits from the pursuit of geographical expansion. The company expanded its operations across emerging markets, with the most growth coming from Asia. Exness also has an established presence in Europe.

Exness is currently looking to expand its operations in Africa. The company secured two regulatory licenses in Kenya and South Africa. It also opened a new office in Uruguay at the beginning of the year, expanding its presence in Latin America.