Headquartered in Cyprus, Exness is a multi-asset broker that offers services not only to European traders but also Asia and the Middle East with several licenses from around the world, including FCA and CySEC. Recently, Exness also obtained a license from the FSCA of South Africa.
Forex trading volume increased as economic uncertainty emerged due to high inflation and limited supply chains, thus pushing investors back into the market. Several brokers reported increases in their trading volumes, including Exness.
After hitting a record high in July with a trading volume of $974.5 billion, Exness brokerage successfully passed the $1 trillion mark in October. The Head of Trading Product Exness, Stanislav Bublik, has confirmed this achievement.
Bublik said that this extraordinary amount of turnover was a first for Exness. He also feels proud of all his colleagues and the Exness team because this would not have been possible without their hard work.
Previously, in September, Exness trading volume experienced an increase due to high volatility due to central bank policy announcements. In September, Exness posted an increase of 7.7 percent to reach $947 billion compared to August at $879 billion.
Based on year-on-year calculations, the turnover of this free VPS hosting provider broker jumped by 58 percent compared to the same month in 2020.
This ongoing rally has made Exness one of the few brokers successfully exceeding $1 trillion in monthly trading activity.
Server Decentralization for Indonesian Clients
Even though it has managed to gain $1 trillion in volume, Exness does not stop innovating to provide the best trading experience. Recently, Exness offered server decentralization for Indonesian clients. Decentralization is a method of removing power from a central authority. Decentralization has the potential to revolutionize business systems because it can provide a more efficient and faster way.
The CySEC-regulated broker also decided to implement decentralization on its MetaTrader server, enabling the spread and distribution of operations to various regions.
Not long ago, Exness launched a new server site in Singapore, serving clients from various Asia Pacific countries, including Indonesia. Since the release of these servers, it has been proven that Exness clients have increased, with 20,000 new real trading accounts opening with a trading volume of more than $7 billion.
Furthermore, Exness plans to add server decentralization to improve client trading conditions and experience and speed up execution and connection stability.