Exness Major Spread Reduction for Gold and Oil

Exness Reports 19% Dip in November Trading Volume.

Exness reported a decline in monthly trading volume in November. According to the latest official figures released by the company, the trading volume slipped below $4 trillion, marking a 19 percent month-over-month decrease.

The decline comes on the heels of a record-breaking October when Exness recorded a monthly trading volume exceeding $4.8 trillion. This figure also falls below the $4 trillion mark after achieving this milestone for the first time in August. Despite the dip, the latest figure remains robust, trailing only behind the three previous consecutive months.

Exness Reports 19% Dip in November Trading Volume.

While the month-over-month decline is notable, Exness exhibited a substantial year-over-year increase of 62.5 percent compared to the same month in the previous year. The broker’s growth trajectory has been particularly impressive since October 2021, when it first crossed the $1 trillion mark. Within six months, the trading volume more than doubled, reaching $3 trillion in February.

In addition to the decline in trading volume, Exness reported a marginal drop in the number of active clients on its platform. The company disclosed that it had 688,245 active traders engaging in both trading and balance operations, a slight decrease from the previous month’s 694,006. Despite this marginal decline, November still stands as the second-best month in terms of the number of active traders.

Exness, known for its global presence, operates in numerous countries beyond its Cyprus headquarters. The broker has been strategically expanding its services in emerging markets, particularly in Asia, Africa, and Latin America. In its African expansion, Exness secured licenses in South Africa and Kenya. Furthermore, the company marked its initial presence in Latin America by establishing an office in Uruguay.

The trajectory of Exness, shaped by its aggressive expansion and a boost from the market dynamics following the pandemic, remains closely monitored as the broker continues to navigate the volatile landscape of global financial markets.

Click here to read more Broker News!

Leave a comment