Exness, a leading online forex broker, has reported a surge in trading volume to $3 trillion in February, marking a significant milestone for the company. The growth in trading volume reflects the increasing demand for online trading services, and Exness’ ability to meet the needs of its clients through its cutting-edge trading platform and excellent customer support services. The impressive results demonstrate the company’s strong position in the market and its continued commitment to providing top-quality trading services to its clients.
Exness, an online brokerage firm specializing in forex trading, has released its financial report for February 2023, indicating a significant increase in trading volume across all areas. The report shows that trading volume reached 3055 billion USD in February, up from 2822 billion USD in the previous month. Additionally, the number of active clients increased from 414502 to 440151 in February, marking commendable growth.
Exness is inching closer to achieving a trading volume of $3,200 billion, with a figure of $3,055 billion registered in February. This is a year-on-year increase of 86%, considering the figure was $1,510 billion for January 2022. Exness could reveal the year-on-year growth for March 2023 on April 23. In 2022, a major jump was seen in August, reaching a peak of $2,811 billion, followed by a constant drop till year-end. It remains to be seen if 2023 will follow the same trend.
Exness has a significant presence in various markets, including South Africa, where it is considered one of the best brokers alongside other SA forex brokers like Tickmill, IG Group, and Plus500.
Exness has more than 269,692 active clients, which is a significant Y-o-Y growth. However, November 2022 was followed by a drop in the next month, which can easily tarnish the brand image.
Exness has also shared a report on how much has been awarded to partners in every quarter of 2022. Oct-Dec saw a downfall with $99.1 million commission paid, while the previous quarter was on the higher side, with $106.5 million commission.
In terms of client withdrawal, the last quarter of 2022 registered $1134.6 million in withdrawals, up from the previous quarter’s figure of $1102.5 million.
Exness, founded in 2008, operates only in regulated markets and offers a wide range of products, including metals, forex, and stocks. The platform also provides a demo account for new forex traders, and their 24/7 customer support comes in handy for beginners.
The financial reports have so far shown a bright picture of Exness. Moving forward, investors and traders will develop a better understanding of how 2023 will unfold.