<p>Exness published its trading metrics for November, showing another month of correction in trading demand. It closed the month with a total trading volume of over $2.4 trillion. The figure was 5.1 percent lower than the <a href=”https://www.financemagnates.com/forex/brokers/exness-september-trading-volume-stays-above-2t-despite-monthly-dip/” target=”_blank” rel=”follow”>previous month</a>.</p><p>It was the fourth consecutive month when <a href=”https://www.financemagnates.com/tag/exness/” target=”_blank” rel=”follow”>Exness </a>witnessed a decline in monthly trading volume. The downward trend started after the figure <a href=”https://www.financemagnates.com/forex/brokers/exness-breaks-industry-trend-sees-record-of-28t-in-august-trading-volume/” target=”_blank” rel=”follow”>hit $2.81 trillion in August</a>, a record in the retail <a href=”https://www.financemagnates.com/terms/f/forex/” target=”_blank” id=”6faa6714-7f7b-4d23-b1c5-c0d40807d613_1″ class=”terms__main-term”>forex</a> and contracts for differences (CFDs) trading space.</p><p>Despite the month-over-month slide, November remains one of the best months in terms of trading activity in the broker’s operational history. Going by the ranks, it holds the fifth position only after the previous four months and last March when Exness first witnessed beyond $2 trillion in trading volume.</p><p>November was also the ninth consecutive month when Exness reported a monthly trading volume of more than $2 trillion.</p><p>Considering year-over-year performance, Exness took a massive forward leap with these figures. The monthly volume of last month jumped by about 90 percent compared to the same figure in November 2021.</p><p>Check out the recent London Summit session on two important questions: “What CFDs Traders Value Most & How They Choose Their Brokers?”</p><p>Record Active Client, Again</p><p>The correction in month-over-month trading demand could not stop the growing number of <a href=”https://www.financemagnates.com/forex/brokers/trading-volume-on-exness-dips-35-in-september-active-clients-hit-record/” target=”_blank” rel=”follow”>active clients on Exness’ platform</a>. According to the official figure, the broker had 383,846 clients who traded and continued balance operations in November. It was a 5 percent month-over-month growth and also a record.</p><p>The massive global expansion drive of the broker supported the exponential growth behind Exness. It has established itself in the Asian forex and CFDs trading markets and is now eying Africa after obtaining two licenses, one in South Africa and another in Kenya. All these expansions happen when the broker already has a strong presence in Europe.</p><p>Exness is also strengthening its position in the industry with hirings. Over recent months, it has onboarded <a href=”https://www.financemagnates.com/executives/moves/exness-hires-mohammad-amer-as-mena-regional-commercial-director/” target=”_blank” rel=”follow”>Mohammad Amer</a> as Regional Commercial Director for MENA, Daniel Gordon as the Corporate Services Director, <a href=”https://www.financemagnates.com/executives/moves/exness-hires-katina-messinis-as-premier-account-management-head/” target=”_blank” rel=”follow”>Katina Messinis</a> as the Premier Account Management Head, and <a href=”https://www.financemagnates.com/executives/moves/alfonso-cardalda-becomes-new-chief-marketing-officer-at-exness/” target=”_blank” rel=”follow”>Alfonso Cardalda</a> as the Chief Marketing Officer.</p>
This article was written by Arnab Shome at www.financemagnates.com.
