Exness, a commercial brokerage with its headquarters in Cyprus, defied market norms in August by managing $2.81 trillion in trading activity. Exness had its highest monthly numbers to date, while most of its rivals recorded a monthly decline in activity due to the summer vacations. Every month, the reported volume of trading for August increased by 23.5%. Considering that Exness only processed $879.4 billion in sales volumes in August 2021, the amount climbed by 219.6% over the previous year.
Exness reached the $1 trillion overall market milestone in October last year. Then in March of 2022, which had also been the old record month for the brokerage with $2.48 trillion in trading activity, it exceeded the $2 trillion level.
The retail broker has already reported a trading volume above $2 trillion for six months.
Exness is a reputable online international forex trading company specializing in corporate services, collaborations, and global consumer foreign exchange solutions. Igor Lychagov and Petr Valov launched this stock brokerage company in 2008. Cyprus and the United Kingdom offices do not serve retail customers. According to the Exness review, the company’s principles of honesty and openness have gained a solid reputation amongst investors, economic journals, credit bureaus, and online outlets, attracting customers worldwide.
The company has given traders new possibilities, ongoing process improvements, and the possibility to learn about other financial services.
The number of registered customers on the trading system peaked last time due to the high trading activity. 360,785 clients used Exness to trade and perform balance transactions in August, a rise of 5% and 60% month over month and year on year, correspondingly.
Exness is actively growing its market share in emerging economies. With two regulatory permits in the continent – one from the authority in South Africa and the most recent one from Kenya—it is eyeing African merchants in addition to Asian traders.
The larger Exness Group also holds licenses in several other countries, including Curacao, the BVI, Seychelles, Cyprus, and the UK.