In January 2024, forex broker Exness experienced a tremendous surge in transactions, reaching a turnover of $3.86 trillion. This marks a substantial increase of 37% compared to the same period in 2023. The broker's client base also skyrocketed, reaching a record 722,452 active clients, reflecting substantial growth of 74% from the previous year .
This surge in trading activity follows a successful rebound in the fourth quarter, which contributed to a strong market environment for both trading heavyweights and retail FX brokers. Throughout the second half of 2023, Exness, a CySEC regulated broker, consistently maintained impressive average trading volumes exceeds $4 trillion.
Recently forex broker Exness earned the title of Multi-asset Broker Global Best of 2023 at Forex Expo Dubai and being the Titanium Sponsor of the event, Exness demonstrated its significance in the global financial industry. The broker facilitates educational sessions, featuring insights from Chief Customer Officer Damian Bunce and Financial Markets Strategist Lead Wael Makarem, who provide the latest information on market movements.
Originally founded with offerings for FX and commodity CFDs, Exness has expanded its reach by implementing a new business plan, targeting markets outside the European Union / EEA. As this forex broker news shows, Exness, having cleared regulatory compliance requirements and with a growing client base, is poised to emerge as a major leading global market.
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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.