Exness broke a new record for trading volume on a retail brokerage platform in January, ending the month with $2.82 trillion in total trading volume.
The result of the month, according to official data, exceeded the previous trading high of $2.81 trillion, which was in August 2022. Also, this figure in January was 12 percent higher than in the report for December. Compared to last year, the monthly increase in trading volume is more than 87%.
Exness became the first retail Forex and CFD broker outside of Japan to break the $2 trillion mark in monthly trading volume last March. Since then, Exness’s monthly volume has not fallen below that level, and January became the eleventh consecutive month in which trading volume exceeded $2 trillion.
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The increase in the monthly performance of the broker was due to its geographical expansion over several years. In addition to a strong presence in Europe, where it operates legally with a Cypriot license, the company has expanded into the Asian FX and CFD markets. Exness is currently expanding into African markets and has already received two licenses, one in South Africa and one in Kenya.
In addition to entering new markets, the record monthly volume was supported by the peak number of active traders on the platform. Overall, 414,502 Exness clients either traded or kept balance in January, up more than 10.5% from 374,978 in the previous month.