Trading Volume on Exness Dips 3.5% in September, Active Clients Hit Record

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Trading Volume on Exness Dips 3.5% in September, Active Clients Hit Record

<p>Exness published its trading metrics for September, reporting a marginal dip in activities after months of the upward rally. The total trading volume with contracts for differences (CFDs) instruments for the month came in at $2.74 trillion.</p><p>That figure dropped by around 3.5 percent compared to the previous month's $2.8 trillion, which was a <a href="https://www.financemagnates.com/forex/brokers/exness-breaks-industry-trend-sees-record-of-28t-in-august-trading-volume/" target="_blank">record in the broker's operational history</a>. However, September still remains to be the second-best in terms of total trading volume.</p><p>Trading activities on <a href="https://www.financemagnates.com/tag/exness/" target="_blank">Exness</a> started to rally upward post-pandemic when markets witnessed an influx of retail traders. Trading volume on the platform surpassed the $1 trillion milestone in October 2021 only to cross the $2 trillion mark next March. Though the monthly volume corrected and rallied, it has not dropped below $2 trillion for the last seven consecutive months.</p><p>Despite the monthly dip in September, the year-over-year surge in trading activities is significant. The gain in the trading volume over the period of a year is 190 percent.</p><p>Exness' record trading volume resulted from the broker's focus and expansion into several emerging markets. It has established itself in the Asian <a href="https://www.financemagnates.com/terms/f/forex/" target="_blank" id="6faa6714-7f7b-4d23-b1c5-c0d40807d613_1" class="terms__secondary-term">forex</a> and CFDs trading markets and is now <a href="https://www.financemagnates.com/forex/brokers/exclusive-exness-expands-african-footprint-with-new-kenya-license/" target="_blank">eying Africa</a> after obtaining two licenses, one in South Africa and another in Kenya.</p><p>Record Active Clients</p><p>The number of active clients on Exness' trading platforms hit another record last month. According to the numbers published by the broker, there were 368,151 active clients in September, which is a jump of 2 percent from the previous month's 360,785. This figure has increased steadily every month since April.</p><p>Further, the client withdrawals from Exness also hit a record in the quarter between July and September. The official figures show that $1.1 billion worth of <a href="https://www.financemagnates.com/terms/c/client-money/" target="_blank" id="361421dc-289f-4ac5-9593-584af6a857c1_1" class="terms__main-term">client money</a> was withdrawn in the period which was higher than any other quarter. The client withdrawals in Q1 and Q2 were 870 million and almost 985 million, respectively.</p>

This article was written by Arnab Shome at www.financemagnates.com.

Source: Trading Volume on Exness Dips 3.5% in September, Active Clients Hit Record