FX and CFDs broker Exness reports a 27% increase in total trading volumes

Exness is a forex and contracts-for-difference (CFDs) brokerage that ended on March with a record total trading volume of $3.88 trillion. The volumes were a 27% increase from the previous month, according to the company’s records.

Exness March trading volume reached $3.88 trillion

Exness is a brokerage company whose headquarters are in Cyprus. The company has shared the latest data on the monthly volumes on the platform. The platform shows that the total monthly volumes increased significantly compared to what was reported by the company during the same period last year.

The total monthly volumes also increased by over 56% from the $2.48 trillion reported in March 2022. The numbers reported by the company so far this year show that it is setting good precedence in 2023. In the past three months, the company has been setting a new monthly record.

In January, the trading platform reported total trading volumes of $2.82 trillion, which was a record high at the time. Additionally, the monthly trading volumes surpassed $3 trillion for the first time in February. The volumes nearly reached $4 trillion last month. The data shows that Exness has been having a good year so far, with the company’s volumes being higher than expected.

Exness had a record number of active traders

Besides the record monthly volumes, Exness also reported a record increase in active traders on the platform. The official numbers show that Exness had 491,064 active traders on the platform in March. These traders conducted trading activities and ran a balanced operation on the platform.

Additionally, the company’s reported figures also increased significantly by more than 11.5% compared to the peak reported during the previous month. The platform has been acquiring new traders because of the diverse range of financial assets that it supports.

Exness supports multiple instruments, such as margin forex and CFDs for metals, energies, cryptocurrencies, and indices. However, the asset class and the number of instruments listed across multiple markets might vary.

The demand that Exness has reported has also significantly increased since the spike in volatility witnessed during the pandemic. The broker has also sustained its growth levels by expanding into emerging markets.

Besides serving clients in Europe, the brokerage company has a presence in emerging markets such as Asia. It has also secured two regulatory licenses in Kenya and South Africa. Exness recently launched an office in Uruguay, which marked the company’s presence in Latin America.

Exness reported a record number of withdrawals in Q1 2023. These withdrawals were reported at over $1.35 billion, and the figure was around 19.4% higher than the previous quarter at $1.13 billion. It was also notably higher than the $870 million reported in Q1 2022. The gains show a significant improvement in the company’s growth track record.