Online forex broker Exness has released its financial report for February 2023, showing an increase in trading volumes across all areas of its trading business. According to the report, transaction volumes increased significantly for the fourth consecutive month. Transaction volume in February 2023 reached $3,055 billion, compared to $2,822 in the previous month. Also, statistics show that the number of active customers increased from 414,502 to 440,151 in February, which is a commendable increase.
Top-ranked Exness is approaching the $3,200 billion mark in terms of trading volume. A figure of $3,055 billion was registered in February. That was up from $2,822 billion in the previous month and an 86% year-over-year increase. Indeed, consider the January 2022 figure of $1,510 billion. It then rises to $1,587 billion before a massive jump to $2,484 billion in March 2022. March 2023 has already begun, and Exness may soon report year-over-year growth on April 23.
At the end of December last year, the transaction volume reached 2,525 billion US dollars. A huge increase was unexpected, but it happened, strengthening its position in all markets, including the South African market, where Exness is included in the list of best brokers along with other South African forex brokers such as Tickmill, IG Group and Plus500, not to mention very few. In August 2022, it jumped sharply to a height of 2,811 billion US dollars, and then continued to fall until the end of the year. Whether 2023 will follow the same trend remains to be seen.
The number of active clients has certainly increased since January, when Exness had 414,502 active users on the platform. The monthly increase brought the number to 440,151, compared with only 269,692 active users on the platform in the same month, which is a year-on-year increase. Still, growth is good news for the brokerage. The month after November 2022 is down. An event like this can easily take away a brand image.
A report on how much to reward partners each quarter in 2022 was also shared. Commissions of $99.1 million were paid in October-December, up from a high in the previous quarter, with $106.5 million in commissions paid. That was the last quarter when the rewards for partners were increased. From January 2023 to March 2023, they have a heavy responsibility on their shoulders.
Customer exits is the area that didn’t turn negative in the quarter. Withdrawals in the final quarter of 2022 were $1,134.6 million, up from $1,102.5 million in the previous quarter.
Founded in 2008, Exness operates exclusively in regulated markets, offering a wide range of products including but not limited to metals, forex and stocks. Offers a demo account for new forex traders. Our Exness broker review sheds further light on how new traders can benefit from Exness. 24/7 customer support is one of the features that new forex traders can come in handy.
Financial reports so far point to a bright future for Exness. Looking ahead, the investor and trader community will have a better idea of 2023 coming up.
Source of information: Compiled from CRYPTONEWSZ by 0x Information.Copyright belongs to the author, without permission, may not be reproduced