Exness trading volume rises almost $4 trillion because of the central bank's policy announcement.
Exness has benefited from economic uncertainty fueling the market's risk appetite. This retail Forex and CFD broker recorded a trading volume of almost 4 trillion Dollars in March 2023. Exness' trading volume in March reached $3.88 trillion, higher 27% than $3.05 in February. Over a yearly basis, the volume of brokers that just appointed Elena Krutova as CAO jumped 56% when compared with the $2.45 trillion figure in March 2022.
Central banks' policy announcement triggered the traders to adjust their new positions, increasing market volatility. The banks mostly hike the rate, especially US Central Bank. Exness mentioned that its active client base is now at higher levels. The number of active clients is almost 491,064, up 63 percent from 301,575 in the same month a year earlier. On a month-over-month basis, active clients increased by 12 percent from 440,151 in December. So far, Exness' average trading volume in 2023 was above $3 trillion.
The monthly forex trading volume report could help the trader understand the market dynamics and assess potential risks and opportunities. In contrast, the report of a broker's monthly trading volume could inform the trader about the broker's performance. Exness is one of the retail brokers for no less than 232,000 active traders globally, with a monthly trading volume above $1 trillion. It is popular in developing countries across Asia, Europe, and Africa.