As part of its ongoing commitment to enhance its platforms and services, Exness, a leading retail Forex and CFD brokerage, has once again achieved remarkable financial performance in terms of trading volume. The versatile brokerage firm has set a new record for monthly trading volume in July 2023, marking it as the busiest month in its history and surpassing the previous record of $3.88 trillion set just last March.
Exness traders engaged in transactions totaling $3.91 trillion, an impressive 18 percent increase compared to the $3.32 trillion traded in July. This figure has been influenced by economic uncertainties stemming from recent developments in central bank policies. Notably, the volume has surged by almost 72 percent compared to the levels seen in July 2022, which stood at $2.27 trillion.
The recent months have seen a growing trend of volume consolidation due to reduced market volatility and trading activity. In contrast, July was characterized by heightened activity as investors responded urgently to the latest developments related to headlines concerning the Russia-Ukraine conflict, central bank policies, and declining inflation rates.
Furthermore, in its trading volume report, Exness revealed that clients maintained their trading and payment transactions throughout July, marking a notable increase of over 7.5% compared to the previous month, with a total of 531,511 transactions. This achievement not only represents a significant milestone in the company's history, spanning nearly 15 years, but it also signifies an impressive improvement of 66% compared to the same period last year.