Forex broker Exness bounced back in March with trading volume of $3.86 trillion, marking a 9.3% increase from February. Despite a slight decrease in volume compared to last year, the company hit a new high with 836,873 active traders, showing strong growth.
The company's expansion drive, especially in regions such as Asia, Africa and Latin America, has been a key factor in its success, although volumes were not as high as in January. Forex broker Exness has been on a growth streak for a while, reaching milestones such as $1 trillion in October 2021 and passing $4 trillion in August 2023.
In March this multi-asset broker also recorded a record number of active traders, up 9.2% from the previous month, indicating the popularity of the platform all over the world.
Despite these achievements, there have been changes in leadership, with Damian Bunce, Chief Customer Officer, moving to GTN as CEO of Middle East operations, and Elena Krutova, former Chief Administrative Officer, moving to the pharmaceutical company.
Overall, Exness's recovery in March and its record number of active traders highlight its resilience and attractiveness in the brokerage market, setting the stage for further growth and expansion.
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Exness is one of the leading forex and CFD brokers that offer instant withdrawal convenience. This broker also has super low spreads to reduce trading costs on all account types.