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.