In November, Exness Trading Volume drops
Exness, a multi-regulated forex and CFD platform, has published its November 2022 trading statistics. They show a fourth consecutive month of declines.
The Exness platform activity fell to $2.4 trillion. This is a 5% decrease from October 2022’s $2.5 trillion. The figure was still 90% higher than the $1.26 trillion recorded in the same period last years.
Given the decline in volatility and market moves, consolidation of trading volume can be quite bearish. October, however, saw more activity as investors traded frantically to respond to the Russia-Ukraine conflict, central bank policies and rising inflation. All brokers, including Exness, reported November decline metrics.
Remember that the 2021 average trading volume was $820 billion. This record-breaking amount is due to the frenetic buying and selling. Exness, a EUR730K IFPRU business, was also authorized by FCA to increase its volume.
However, 383,000 clients were active for the first time ever in the 14-year history of the group. This was a 5% increase over the 369,000 reported in November 2021. The number of active clients increased 55% YoY from 246,000 in November 2021 to 247,000 today.
After the bull run of the third quarter, which created lucrative opportunities for industry professionals, this increase in client numbers can also be attributed the activity on the trading platform of this multi-asset broker.
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