Exness has reported strong growth in trading volume and active clients in May 2023. This growth was driven by several important factors.
Leading global multi-asset broker, Exness has announced strong growth in trading volumes and active clients in May 2023. The company's trading volumes surged 12% to USD3.335 trillion in May 2023. This was a significant increase compared to $3 trillion in April. Furthermore, it represents a 67% year-on-year increase from May 2022.
Exness is a global multi-asset broker offering a wide range of trading products and services to clients worldwide. The company is regulated by several financial authorities, including the Financial Conduct Authority (FCA) in the United Kingdom and CySEC in Cyprus.
The broker's active client base also grew in May. According to the official metrics provided by companies, their active users rose 8% to 515,099 from 476,172 in April. This represents a 69% year-on-year increase from May 2022, which is quite impressive.
This recent surge in active clients follows three consecutive months of growth earlier in the year. The multi-regulated broker witnessed 414,502, 440,151, and 491,064 active clients in January, February, and March, respectively. While the number slightly declined to 476,172 in April, it quickly rebounded last month, showcasing the broker's consistent appeal to a growing customer base.
The Cyprus-based company's growth in trading volume and active clients was driven by several factors, including the company's strong marketing campaigns, a wide range of trading products and services, and competitive pricing.