According to Exness, its trading volume for September has eclipsed $2.74 million, jumped 3.5% compared to the previous month.
Exness reports its trading metrics for September with declines compared to previous months. The total trading volume with contracts for difference (CFD) instruments was $2.74 trillion. When compared to August ($2.8 trillion), the figure represents a decline of around 3.5%. Even so, September is still the second-best month in terms of total trading volume.
The multi-asset broker trading activity started to strengthen post-pandemic as the market witnessed an influx of retail traders. Trading volume managed to surpass $1 trillion in October 2021 and $2 trillion 5 months later. Although monthly trading volume appears to be fluctuating, it has never fallen below $2 trillion for the last seven months in a row.
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Moreover, the monthly decline in September was accompanied by a significant surge in YoY trading activity. The gain in trading volume over a period of one year is 190%.
Exness' record trading volume comes as a result of the broker's expansion into several emerging markets. After expanding into the Asian forex and CFD markets, the multi-asset broker is eyeing Africa by holding two licenses, one in South Africa and one in Kenya.
In addition to trading volume, the number of active clients on the Exness trading platform hit a record last month as well. Exness garnered 368,151 active clients in September, up 2% from the previous month at 360,785.