Exness, a global forex and CFDs broker, has crossed the $1 trillion milestones in client trading volumes in October, Finance Magnates has learned. The news was also confirmed by Stanislav Bublik, Heaf of Trading Products at the firm.
“Today we had an amazing achievement, first time in Exness history we’ve hit 1 TRILLION USD of monthly turnover! This is an absolutely amazing achievement that is well deserved by the amazing team we have here! I am really proud of all of my colleagues. This is possible only due to years of hard work of everyone!” Bublik commented on the matter.
The latest metrics from Exness reported by Finance Magnates showed that last month’s total trading volume came in at $947 billion, which is up 7.6 percent from the month before. This is the second-highest monthly trading volume the broker has reported after peaking in July.
The trading volume on the brokerage platform increased by more than 58 percent year over year. With the continued rally, Exness was poised to name itself as one of a small select group of retail brokers handling monthly trading activities worth more than $1 trillion, which in fact was the case.
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Exness, headquartered in Cyprus, is a trading company with a number of regulatory licenses that offer services across the globe. It still has its primary market in Europe, but a great deal of attention is being paid to some of the emerging Asian markets. In addition, the broker obtained a South African FSCA license earlier this year.
As part of the company’s recent leadership additions, Ahmed Badr was named as Sales team Leader for the MENA region, Wael Makarem was appointed Senior Market Strategist for the MENA region, and Marko Justin was named Head of Liquidity Provision.
Furthermore, the firm hired Kirill Ermakov as its new Chief Security Officer (CSO), starting November 1. Source.