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Exness’ January Trading Volume Rebounds by 7%, Active Traders Hit Record
Source:https://www.financemagnates.com/forex/brokers/exness-january-trading-volume-rebounds-by-7-active-customers-hit-record/ | Author:finance-102 | Date2024-02-19 | 49 Views | Share:
The broker reported a trading volume of $3.87 trillion for January.
The number of monthly active clients on the platform touches 722,452.
  • The broker reported a trading volume of $3.87 trillion for January.

  • The number of monthly active clients on the platform touches 722,452.




Exness has reported its metrics for the first month of 2024, as it handled a trading volume of $3.87 trillion, an 

increase of 7 percent from the previous month. The broker witnessed a rise in demand in January after two 

consecutive months of slowdown.


Rise of Demand on Exness

The latest trading volume remains significantly higher year-over-year. Compared to the figure reported in January 

last year, the trading volume on the brokerage improved 37 percent. The trading volume at the broker peaked last 

October at $4.8 trillion. However, the figure slipped to $3.93 trillion in November and then $3.6 trillion in December.


The growth of Exness, in terms of trading volume, has been exponential. Demand plummeted after the brokers 

followed the market to witness a sudden spike in March 2020 due to the pandemic's impacts. But then, gradually, 

it started to pick up, crossing the $1 trillion milestone in October 2021, $2 trillion in March 2022, $3 trillion in February 

2023, and then $4 trillion in August 2023.


Growing Number of Clients

Exness is headquartered in Cyprus but operates globally in many other countries. Besides establishing its European 

Union base, the broker aggressively expanded services in emerging markets of Asia, Africa, and Latin America. For 

its expansion in Africa, it obtained licenses in South Africa and Kenya while establishing its first Latin American 

presence with an office in Uruguay.



With the surge in trading volume last month, the number of active clients on the broker’s platform hit a record at 

722,452, a monthly increase of 5.4 percent. The broker defines active clients as “total clients trading and conducting 

balance operations.” This uptick mirrors the growth trend observed in both trading volume and the number of active 

clients over the past few years.


Meanwhile, Exceness recently witnessed Damian Bunce's departure from the Chief Customer Officer role.