Exness Sets Another Record, February Trading Volume Hits $1.59T

The broker witnessed two consecutive record months in 2022.

The number of active clients on the platform also touched record.

The Cyprus-headquartered retail forex and contracts for differences (CFDs) broker has been seeing a flood in demand for trading activities for a while now. It has become one of the very few retail forex brokers to handle monthly trading volume above $1 trillion, and after the barrier was breached last October, it only went upwards.

The figures for February increased by 5 percent from the previous month but took a massive upward leap of 137 percent when compared with the same month of the previous year.

Along with the trading volume, the number of active clients on the retail trading volume hit another record. The broker ended the month with 269,692 active clients, which is a month-over-month jump of almost 5 percent.Exness is an established brand in Europe, but the broker is now focusing on markets outside the continent. It has obtained several regulatory licenses over the years and is expanding aggressively in Asia and other emerging markets.

A Record Month in Trading

Meanwhile, February turned out to be one of the record months in the trading industry for both retail and institutional traders. Despite having only 20 trading days, the growing geopolitical tensions pushed the activities in the market higher.

Furthermore, other institutional platforms like FXSpotStream and Cboe FX reported a solid uptick in trading volumes that mostly came from the institutions.