Exness is a popular forex and CFD broker that offers access to trading currencies, stocks, commodities, indices, and cryptocurrencies. Traders using Exness can trade with the most reliable and stable pricing in the industry.
Forex trading volumes rise again as economic uncertainties have been spurred by the recent developments over central bank policies that encourage speculators to join the forex market. Exness’s platform witnessed the highest trade volumes in March, aided by the rise in market volatility driven by the policy announcements of the central bank. It stood at $3.88 trillion, which went up 27% from February’s record set of $3.05 trillion.
Exness is one of the regulated forex brokers in South Africa, with a yearly turnover shooting at 56% compared to $2.45 trillion in March 2022. The platform has an active customer base reaching new record levels, higher than its 2022 value reaching up by 63% from 301575 to 491064.
The forex market is undergoing a tremendous digital transformation similar to other financial markets. It uses high-frequency and algorithmic trading and other advanced technological strategies that have increased the overall daily trading volumes. Exness witnessed an average trading volume of more than $3 trillion in 2023 because of frenzied buying and selling activities. There is no doubt about how secure is Exness as it is authorized by the Financial Conduct Authority as an IFPRU €730K firm, which continues to modify its business.
The forex broker acquired its UK license in 2016 and launched a retail offering focusing on CFDs in commodities and forex. In terms of an internal business decision to remodify its firm and focus on other financial markets to expand its B2B platform, Exness planned to close its retail business in 2019 in the EU/EEA region, including in the United Kingdom.
Credit: Source link
