Sees 19% Dip in November
انتشار: آذر 17، 1402
بروزرسانی: 24 خرداد 1404

Sees 19% Dip in November

The monthly trading volume on Exness slipped below $4 trillion in November, correcting from the peak in the previous month. According to the latest official numbers, the broker handled $3.93 trillion in trading volume last month, about a 19 percent month-over-month decline.

The decline came after a month when the broker witnessed a record monthly trading volume of over $4.8 trillion. The figure also dropped below the $4 trillion mark after the milestone was crossed for the first time in August. However, the latest figure remains only behind the three previous consecutive months.

The growth trajectory of Exness received a boost after the impact of the pandemic on the markets. Trading volume on the platform first crossed the $1 trillion mark in October 2021, only to more than double that number in the next six months. The $3 trillion milestone was crossed last February.



منبع: https://www.financemagnates.com//forex/exness-fails-to-hold-4-trillion-in-trading-volume-sees-19-dip-in-november/Although the month-over-month decline in trading volume was significant in November, the number went up by 62.5 percent when compared with the figure of the corresponding month of the previous year.

The decline came after a month when the broker witnessed a record monthly trading volume of over $4.8 trillion. The figure also dropped below the $4 trillion mark after the milestone was crossed for the first time in August. However, the latest figure remains only behind the three previous consecutive months.

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The growth trajectory of Exness received a boost after the impact of the pandemic on the markets. Trading volume on the platform first crossed the $1 trillion mark in October 2021, only to more than double that number in the next six months. The $3 trillion milestone was crossed last February.

Marginal Decline in Active Clients

Exness is headquartered in Cyprus but operates globally in many other countries. Besides its established European Union base, the broker aggressively expanded services in emerging markets of Asia, Africa, and Latin America. For its expansion in Africa, it obtained licenses in South Africa and Kenya while establishing its first Latin American presence with an office in Uruguay.

Trading volume on Exnesss

Marginal Decline in Active Clients

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The double-digit drop in trading volume came with a marginal decline in the number of active clients on the platform. Exness revealed that it had 688,245 active traders who “traded and conducted balance operations,” down from the previous month’s 694,006. November still remains the second-best month when the number of active traders is considered.

Although the month-over-month decline in trading volume was significant in November, the number went up by 62.5 percent when compared with the figure of the corresponding month of the previous year.