After achieving the highest trading volume in March 2023, Exness reported a decline in April. On a monthly basis, the retail brokerage recorded $3 trillion, marking a 22.6 percent drop from $3.8 trillion.
However, Exness' trading volume showed continued strength when viewed on a year-on-year basis, surging 42.5% higher than the April 2022 figures.
Despite the slight dip in April's trading volume, Exness remained above a significant milestone. The forex and CFD broker had just joined the ranks of brokers with a $3 trillion volume.
This marked the highest point since the broker's inception. The correction was considered a typical trend in trading volume, and Exness wasn't the only broker experiencing this downward cycle—others were in a similar boat.
Exness Active Traders also witnessed a decrease. The number of Exness' clients engaging in trading and balancing operations dropped to 476,172 from 491,064 the previous month.
Exness had attracted a surge of new customers during the pandemic, distinguishing itself from other companies experiencing declines. A broker's monthly trading volume report provides valuable insights into the company's performance.
The multi-asset broker's growth remained strong, thanks to its geographical expansion efforts. Exness aggressively expanded into emerging markets, particularly in Asia, alongside its established European presence. Now, the company is exploring opportunities in the African market by obtaining regulatory licenses in South Africa and Kenya.