Forex in Arabic has learned from sources with global retail and CFD firm Exness that the broker exceeded $1 trillion in client trading volume for the month of October, a new milestone for the company.
Exness' previous best month was July 2021, which saw a turnover of $974.5 billion. Last month as featured in our Arabic Forex Report (September 2021) Exness announced $947 billion in trading volume. While the achievement is significant, the number should not be too surprising given the continued rise in activity at Exness in 2020-2021, and the continued and continuing influx of new retailers into the industry.
Exness had an average monthly trading volume of $565 billion in 2020, and now in 2021, it has reached $834 billion. Exness' strategy to move to focus on the corporate and professional client in the UK and EU, and focus on retail clients in Asia and the Middle East, appears to have paid off. We will provide our readers with more details and exact numbers in early November when we traditionally start reporting monthly volumes for leading institutional and retail forex brokers.