Exness Trading Volume Shoots Up by USD3.8 Trillion
Exness saw a whopping increase of nearly $4 trillion in trading volume thanks to a recent policy announcement by the central bank.
Exness has seen its fortunes rise amidst economic uncertainty, which has stoked the market's appetite for risk. This retail Forex and CFD broker pulled in nearly $4 trillion in trading volume in March 2023, marking a significant increase of 27% from February's $3.05 trillion.
When we look at it over a year, the brokers who recently appointed Elena Krutova as CAO have seen their trading volume surge by 56%, compared to the $2.45 trillion recorded in March 2022.
The announcement of policy changes by central banks has stirred traders to reposition themselves, causing a spike in market volatility. Central banks, especially the US Federal Reserve, have mainly been hiking interest rates.
Exness proudly reports a substantial increase in its active client base, which now stands at nearly 491,064 – a remarkable 63% surge from the 301,575 clients in the same month the previous year.
On a month-to-month basis, there was a 12% uptick from 440,151 clients in December. As of 2023, Exness' average trading volume consistently exceeds the $3 trillion mark.
This monthly report on forex trading volume serves as a valuable tool for traders to fathom market dynamics and weigh potential risks and opportunities. Conversely, a broker's monthly trading volume report offers insights into the broker's performance.
Exness stands out as one of the go-to retail brokers for no fewer than 232,000 active traders worldwide, boasting a monthly trading volume surpassing $1 trillion. It has earned its popularity across developing nations in Asia, Europe, and Africa.