Exness broker is now focusing on developing its business in several developing markets, such as Southeast Asia and Africa. Earlier this year, the broker under Cyprus Investment Company regulation added a list of licenses from the FSCA (African Financial Sector Conduct Authority).
In addition, Exness is also a member of the Financial Commission, which will ensure the protection of funds up to €20,000 for their clients.
It cannot be denied that the free VPS hosting broker's struggle to obtain various licenses increased the number of clients and trading volume during July.
Exness Also Reports Client Growth
The Exness broker has released data regarding the number of trading volumes in July, which recorded satisfactory results throughout history.
On a year-on-year basis, Exness trading volume posted an increase of 63.7 percent at $975 billion, compared to the total trading volume in July 2020 the previous year at $595.2 billion.
This spike resulted from the trading industry trend, which skyrocketed last year. The COVID-19 pandemic caused high volatility in the market in March 2020. However, market volatility gradually improved the following month.
This multi-asset broker has shown positive growth in trading activity since May 2020. Even though it was slightly corrected last April and May, the bullish trend is still very strong, as evidenced by the report of a record number of active clients in July of 209,370 traders using the trading platform. This figure is an addition to 204,925 in the previous month.
Exness is one of the leading forex and CFD brokers that offer instant withdrawal convenience. This broker also has super low spreads to reduce trading costs on all account types.