Five Consecutive Months of $2 Trillion-Plus Volumes for Exness

Exness, a worldwide multi-asset broker, has reached its fifth straight month with total trading volumes exceeding $2 trillion. In July, $2.275 trillion worth of contracts for difference (CFDs) were traded on Exness' platform. This is an increase of 1 percent from June's $2.249 trillion. The July performance is also Exness's second-best thus far this year. In the previous month, there were 343 361 active traders on the site. This is a 6 percent increase from June's total of 323,216 active consumers.

Exness finished March with a record-breaking $2.48 trillion in trading volume, exceeding the $2 trillion threshold at the time. In fact, the record was broken about a week before the conclusion of the month. The CFD broker originally surpassed $1 trillion in October of 2021.

In a previous interview with Finance Magnates, Exness' Chief Business Development Officer, Artem Seledtsov, attributed the accomplishment to meticulous attention to product development and liquidity. Artemis also highlighted Exness' "people-centric approach" and the company's principles, which he described as being built on ethics, honesty, and "our science-driven approach."

After reaching $2 trillion for the first time in March with $2.48 trillion, Exness has struggled to exceed March's volume. Exness' trading volume decreased by 15 percent in April, while it remained within the $2 trillion threshold. In the specified month, $2,11 trillion was recorded.

In April 2022, however, the decline in FX volume was not exclusive to Exness. While Saxo Bank's foreign exchange trading volume decreased by 17 percent, Cboe FX Markets' volume fell by 24 percent.

In spite of this, Exness' customer trading volume decreased by 4.7% to $2.004 trillion in May compared to April. Despite the downturn, its volume exceeded $2 trillion once more.

In June, though, everything changed. The broker's trading volume increased by 12 percent month-over-month to $2,249,000. It was the broker's second-best month at the time, before July's trading volume record exceeded it. Four months after the record-breaking trading volume of $2.48 trillion, Exness is yet to surpass March's trading volume.

It remains to be seen how the remainder of the year will play out for the Russian CFD broker located in Cyprus.