Multi-asset broker Exness recorded a high daily trading volume of 778 USD billion in May. Though lower than April's volume, it still remains double the amount compared to May last year.
Exness reported statistics on forex and CFD trading volume in May of $778.3 billion, down 7.5% from April's record of $841 billion. Despite the correction, this record is still high for most of the month.
Plus, May's volume is still more than double the volume in May last year, which was $387.1 billion. This number also makes May 2021 the month with the 4th highest trading volume in Exness broker history.
Exness Expands to Middle East
After the phenomenon of high trading activity since the pandemic began in March 2020, Exness and other brokerages have experienced a solid increase lof trading volume each month.
On the other hand, the number of new trading accounts opened by the brokerage platform remained stable with the addition of 12,081 new traders last month, bringing the total number of clients for May to 207,150.
Seeing the high number of new users, Exness is now not only focusing on European and Southeast Asian countries. Following the acceptance of operational license from the South African regulator earlier this year, Exness also trying to expand into the Middle East.
In a recent interview, Exness Regional Director for MENA, Mohamad Ibrahim, revealed that Exness plans to expand its presence in the Middle East, both virtually and physically. As part of this expansion strategy, the multi-asset broker is significantly increasing its Arabic-speaking support and marketing team.