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

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 third-quarter 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.