Exness has second best month ever, August volumes $599 billion
Global Retail FX and CFDs broker Exness had a second consecutive strong summer month of trading, reporting that August trading volumes totaled $598.9 billion.
That followed July’s $595 billion, and made August 2020 Exness’ second best month ever in terms of client trading volumes.
Like in July, we understand that client trading during August was driven by asset classes outside FX, specifically Gold which hit all-time highs during the month. Another strong area was equity CFDs as stock markets continued their march upward and stocks popular with the “younger generation”, such as Tesla, Amazon, Apple, and Netflix continued to climb and trade with a high degree of volatility.
Exness saw a record number of active clients trading during August, at 142,753, up from 135,424 active clients in July.
FNG spoke with Head of Sales at Exness, Nicolas Shamtanis. He explained:
Our August volumes are a manifestation of the strategic decisions the company has always made. We continuously strive to provide the best trading conditions including the minimization of trading costs for traders, along with improving the quality of our execution of trades. Our focus on leading indicators of growth such as new accounts, coupled with unparalleled service given to our high value clients via the expansion of our Premier Program, ensured that our total pool of traders kept growing even at a summer month of traditional lower volumes and volatility. Providing the best and fairest environment for traders and partners to conduct their business will always be our guiding light on how we strive to grow as a company and we are confident that our investments in people, technology and trading conditions will continue to prove as the best investment a company can make.
Exness has its client volumes, client withdrawal figures and agent commissions paid audited each quarter by Deloitte.