Exness, an international broker, reported a surge in December trading volume. The trading volume grew in December 5.4% from the previous month, up to $2.53 trillion.
Meanwhile, other brokers reported a decline in trading activity in December. Earlier, Finance Magnates reported that the trading volume on Saxo platform was $415.7 billion last month, having decreased by 9.3%, while Cboe FX and 360T Deutsche Börse also reported a decline of 16% and 11% respectively.This was the tenth consecutive month that the broker reported a monthly volume of over $2 trillion. The December indicator remained among the best, only behind August, September and October.
Compared to last year, Exness trading volume also increased, almost doubling from $1.24 trillion reported in December 2021.
Despite the increase of the overall volume, the number of active users of the Exness platform dropped by more than 2.3% last month. The number of active users in December was 374,978.
In the period of October-December, Exness clients withdrew $1.13 billion.
Headquartered in Cyprus, Exness is the largest CFD broker in the world, servicing the retail trading market with a monthly trading volume of more than $2 trillion.