Exness monthly volumes hit $3.86 trillion, client base tops 720K

abdelaziz Fathi

FX broker Exness has reported an increase in its trading volumes for January 2024, signaling a resurgence in market activity after a period of subdued volatility.

The multi-regulated platform handled $3.86 trillion in trading activity, which was 7.2 percent more than the $3.60 trillion they had in December 2023. January’s turnover also represents a strong leap over last year’s $2.82 trillion for the same month, marking a 37 percent increase year-over-year.

The spike in trading activity on the Exness platform aligns with a lucrative Q4 bull run, presenting profitable opportunities not just for heavyweight venues but for a slew of retail-focused FX brokerages as well.

Exness is riding high on a surge in its active client base, now hitting unprecedented numbers that are much higher than 2023’s stats, with client retention on par with historical averages. A whopping 74% year-over-year increase brought the count of active clients to 722,452 in January 2024, up from 414,502 the previous year. Even on a monthly scale, from January to December, the broker experienced a 5% bump in active clients.

Throughout the second half of 2023, Exness has consistently seen average trading volumes around the $4 trillion threshold.

Earlier in September, Exness was named the Best Global Multi-asset Broker of 2023 at the Forex Expo Dubai. This award highlights Exness’s position as a leading player in the global financial landscape.

Stepping up as the Titanium Sponsor for this year’s event, Exness orchestrated two exclusive sessions to offer attendees a profound understanding of the prevailing financial market trends. Damian Bunce, Exness Chief Customer Officer, spearheaded a session, stating, “Liquidity Fragmentation and the Impact of Transparency,” while Wael Makarem, Exness Financial Markets Strategists Lead, helmed the “Level Up Your Trading with Automated Systems” seminar.

Originally acquiring its UK-regulated license in 2016 to run a CFDs brokerage, Exness introduced a retail-centric offering, focusing on Forex and commodities CFDs. However, in 2019, the company pivoted away from the retail business in the EU/EEA region, including the UK, to reorient its business strategy towards other markets and expand its B2B operations.

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