Exness recorded the highest trading volume in January at $2.82 trillion. Additionally, the number of active clients on the platform also increased.
A leading retail forex and CFD brokerage worldwide based in Cyprus, Exness, reported that trading volume in January was the busiest month of all time, surpassing the record high of $2.81 trillion set by the company last August.
The multi-asset broker's January trading volume was $2.82 trillion, up 12 percent from December's $2.52 trillion. The figure was affected by growing volatility; volume has increased by almost 87 percent from $1.51 trillion in January 2022.
The volume in 2021 was $820 billion. The figure was affected by higher volatility following the central bank's policy announcements, soaring to a record level of over $2.3 billion over the past year due to trading activity. This rise was related to the ongoing restructuring of the firm's business, and so authorized by the FCA as an IFPRU €730K firm. After closing the January report, the brokerage marked the 11th consecutive month trading volume above $2 trillion.
Another Performance Report on Exness
Additionally, in the trading volume report, Exness reported that clients maintained trading transactions or payments in January, up more than 10.5 percent from 37,978 the previous month. The record is nearly 414,502, up 61 percent from 257,135 in January last year.