Exclusive: Exness tops $1 trillion in FX/CFD trading volumes for October
FNG Exclusive… FNG has learned from company sources that global Retail FX and CFDs broker Exness has surpassed $1 trillion in client trading volumes for the month of October, a new milestone for the company – and marking the first time that a Retail FX firm has topped the magic trillion dollar volume mark.
Exness’ previous best month was July 2021, which saw the broker transact $974.5 billion in volumes. Last month (September 2021) Exness reported $947 billion in volumes.
While quite a large number and quite an achievement, the figure shouldn’t come as too much of a surprise given the steady rise of activity at Exness in 2020-2021, the continued strong bull market globally, and the continued stream of new Retail traders to the industry. Exness averaged $565 billion in monthly volumes in 2020, and so far in 2021 $834 billion.
It seems that Exness’ strategy of moving to an institutional and professional client focus in the UK and EU, and a Retail client focus in Asia and the Far East, has paid off.
We will bring our readers more details and exact figures in early November when we traditionally start reporting on monthly volumes for the past month at leading institutional and retail FX venues.