Exness trading volume declined by 5% to $2.4 trillion in November. Meanwhile, the number of active clients passed the 383,000 mark for the first time.

Multi-regulated foreign exchange and CFD platform Exness has released its monthly trading statistics for November 2022, which show a fourth straight month of declines.

Activity on the Exness platform fell to $2.4 trillion, a 5% fall from $2.5 trillion in October 2022. However, the figure was 90% higher compared to the same period last year at $1.26 trillion.

exness

Consolidation of trading volume is indeed somewhat bearish considering the decrease in volatility and market movers. By comparison, October saw much more activity, as investors traded frantically in response to the Russia-Ukraine war, central bank policies, and soaring inflation. Overall, not only Exness but also almost all brokers reported decline metrics for November.

Keep in mind, the average trading volume in 2021 was $820 billion, breaking a record high due to the frenzied buying and selling activity. The increase in volume also came as Exness, authorized by the FCA as a €730K IFPRU company, continued to restructure its business.

On the other hand, the number of active clients passed the 383,000 mark for the first time in the group's 14-year history. This yield was up 5% from 369,000 in the previous month. On a YoY basis, the number of active clients increased by 55% from 246,000 in November 2021.

This increase in client numbers can be attributed to the activity on this multi-asset broker's trading platform after the bull run in the third quarter created lucrative opportunities for industry players.