Exness Thrives in September: Trading Volume Highlights
Exness, the Cyprus-based multi-asset broker, recently unveiled its latest financial report, demonstrating an impressive performance across various segments in the third quarter of the year. Despite some fluctuations in trading volume, the report underscores the company’s resilience and growth, making September the second-best month of 2023.
Unprecedented August Surge
The financial report reveals a significant surge in trading volume during August, reaching a remarkable $4.52 trillion, marking it as the highest trading volume month of the year. This extraordinary achievement was a testament to Exness’s ability to thrive in a dynamic market.
Exponential Growth in Active Clients
While September witnessed a slight dip in trading volume, settling at $4.43 trillion, it remained robust when compared to the previous year’s statistics, with August and September 2022 recording volumes of $2.81 trillion and $2.74 trillion, respectively. One key factor contributing to Exness’s sustained success is the consistent growth of its client base.
September saw Exness achieving a new milestone, with a total of 653,593 active clients, the highest number to date. The growth trend in active clients has been a consistent feature of Exness’s performance, steadily climbing since January 2023.
Efficient Handling of Client Withdrawals
The financial report also sheds light on Exness’s efficient management of client withdrawals, with the company processing a total of $1.71 billion in client withdrawals during the third quarter. This reflects not only the company’s strong financial standing but also the confidence its clients have in its services. Comparatively, the second quarter saw Exness handling $1.31 billion in client withdrawals.
Rewarding Partners
Exness’s commitment to rewarding its partners is evident from the data as well. In the third quarter, the company paid out a substantial $140.8 million in partner rewards, signifying a significant increase in partner engagement and contribution. This commitment to nurturing partnerships sets Exness apart in the multi-asset brokerage industry.
Global Expansion to Latin America
Exness’s strategic expansion efforts underscore its global ambitions. In February 2023, the company marked a significant milestone by opening its first office in Uruguay, marking a pivotal step in its growth strategy. While not regulated in Uruguay, Exness holds licenses in multiple countries, enabling it to offer trading services in Latin America.
The choice of Uruguay as the location for its first Latin American presence is strategic, given the country’s economic stability and access to a pool of local talent. Exness aims to have a team of 100 professionals based in its Uruguayan office by the end of the year, reaffirming its commitment to the Latin American markets.
In conclusion, Exness continues to impress with its performance, demonstrating resilience and growth in a competitive financial landscape. With its expanding client base, strong financials, and global ambitions, Exness remains poised for continued success.
