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Exness, an online broker for metals, stocks, & cryptocurrencies, among other things, has published its report for June 2023. The trading volume of CFDs has dipped but managed to remain above the $3 trillion mark. Specifically speaking, the number stands at $3.31 trillion in comparison to $3.35 trillion in the previous month. This is on the lower side by 1.2%, yet an increase of 47% against the same month in 2022.
The trading volume is dancing around $3.3 trillion for the second consecutive time. The factor is driven by the element of volatility and other factors. For May 2023, the trading volume was a jump considering the ongoing Russia-Ukraine war and subsiding inflation plus policies of the Central Bank.
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This should not be confused as a statement that volume will never rise again in the future. Market drivers will change, but Exness is hopeful that trading volume will bounce back.
Exness has further seen a rise in the number of active traders. Except for April 2023, the number has been constantly rising, and June only makes it more evident. Per the published report, 531,511 active users were on Exness. This takes the number above 515,099 against the previous month. Also, this is a 64% rise in comparison to last year for the same month. The report for June 2022 showed 323,216 clients active on the platform. This is a remarkable 64% rise for June 2023.
The client withdrawal report for the quarter April-June is out. Exness has reported the number to stand at $1319.7 million, a decrease from $1359.5 million for the previous quarter. Exness, one of the forex brokers in South Africa, has taken a hit in terms of partner rewards. The number is down to $105.8 million for the recent quarter. The previous quarter rolled out $109.8 million. The platform, here, competes with other platforms including, but not limited to, Tickmill, IG Group, and Plus500.
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As per our Exness broker review, it requires its users to deposit at least $10 to start trading. The actual figure may vary based on the location of a user and the currency rate. Demo accounts can be used by new users of the online brokerage platform to get familiar with its offering.
