Exness has published its report for May 2023 to highlight a rise in trading volume. The figure previously stood at $3,000 billion for April 2023. May
Exness has published its report for May 2023 to highlight a rise in trading volume. The figure previously stood at $3,000 billion for April 2023. May saw a jump to $3,355 billion. This refers to the volume of CFDs traded on the platform. A lot of credit can be seen waving to 515,099 active clients. April was on the lower side for Exness.
With a 12 percent increase in trading volume, May is the second-best month after March. The month continued the upward trend before April ended it with a decline. $3,880 billion remains the most favorable estimate for 2023. Now that the graph has risen in May, there is a possibility that a new sequence will begin.
The average for the first five months is $3.22 trillion. This is a year-on-year increase of 42% compared to $2.27 trillion in the previous year for the same period.
A similar story can be narrated for the number of active clients. The only difference is that May surpassed the previous top figure of 491,064 for March. January is the lowest so far. February brought 440,151 clients on board, and May has been pretty significant. There is no doubt that Exness is good forex broker, especially since the 2008-established venture is backed by an intuitive site design and awards and achievements.
In May 2022, 304,482 clients were active. Therefore, the current year suffers a greater hit in order to lay a stronger foundation for the following month.
Client withdrawals are out for the quarter. The January to March period saw $1359.5 million in withdrawals against $870 million. The figure for the April-June quarter will be out in July. Earlier trends show that an increase is inevitable. Y-o-Y stands at $984.9 million, followed by $1102.5 million and $1134.6 million.
Exness has been able to reward its partners better. While the last quarter of 2022 ended with a declining $99.1 million, the current year started with a positive as the first quarter rolled out $109.8 million to partners. The last year peaked in the third quarter only after the first and second quarters backed it up with cement.
This year started on a higher note, but the current quarter will set the tone for the next. Rewards to partners of Exness are offered in the form of a commission. Partners of Exness in certain regions enjoy exclusive benefits. For instance, it is one of the few forex brokers with ZAR accounts in South Africa. Others on the list are Tickmill, IG Group, and FXTM, to mention a few.
As for the trading volume, Exness noticed a cyclical downfall in April but was able to sustain the $3 trillion mark. The series began in February, nearly lost its momentum in April, and regained it in May 2023.
That was a 22.6% downfall, as per the April 2023 report by Exness. It highlights that the jump was crucial for the company since the industry was witnessing a downfall. The venture was able to defy the odds and get back on track.
One can expect Exness to publish its June 2023 report in July 2023, also updating data for the second quarter under Client Withdrawals and Partner Rewards.
www.cryptonewsz.com