Exness continues strong 2020, October volumes up 2% to $636 billion
Global Retail FX and CFDs broker Exness continued its year of strong client trading volumes, with October activity coming in at $636.1 billion. That works out to a slight 2% improvement over September’s $623.9 billion, and marks the company’s second best month ever as far as client trading volumes go. (Exness notched a record $785.1 billion of trading volumes in March 2020 as the onset of the global COVID-19 crisis caused a huge spike in trading volumes around the world).
So far in 2020 Exness has averaged $547 billion in monthly client trading volumes, up by 63% over 2019’s $336 billion. Even ignoring March’s outlier figure, average trading volumes are up 55% in 2020 over 2019.
We understand that, like in recent months, trading activity was well diversified between Exness’ core FX pairs trading offering, equity CFDs which remain quite hot as equity markets continue to see a high historical level of volatility, and commodities which also continue to be volatile.
Despite the near-record volumes Exness saw a slight decline during October in the number of active clients, 138,207 versus 141,586 in September.
In the first nine months of 2020 Exness honored $221.7 million in client withdrawals, up from $178.6 million in Q2. The company paid out $31.2 million in partner rewards / agent commissions during Q3.
Exness has its client volumes, client withdrawal figures and agent commissions paid audited each quarter by Deloitte.