Exness Releases May 2023 Financial Statements
Exness has released its May 2023 report to highlight the increase in trading volume.。Volume in April was $300 billion。It jumped to $335.5 billion in May.。
Exness has released its May 2023 report to highlight the increase in trading volume.。Volume in April was $300 billion。It jumped to $335.5 billion in May.。This refers to the volume of contracts for difference (CFDs) traded on the platform.。This is due to the contribution of 515,099 active customers。In contrast, the volume of transactions in April was lower.。
Trading volume rose 12% in May, making it the second best month after March。Prior to the decline in April, the upward trend continued this month。For 2023, $388 billion is the most favorable estimate。Now, due to the upswing in May, it is possible to start a new sequence。
The average volume for the first five months was 3.$22 trillion。2 in the same period last year..compared to $27 trillion, which is an increase of 42 percent。
The number of active customers is similar.。The only difference is that May surpassed the March high of 491,064.。January has the lowest number of active customers so far。February attracted 440,151 customers, while May's performance was very significant。There is no doubt that Exness is a good forex broker, especially since the company, founded in 2008, has an intuitive website design and a wealth of awards and achievements。
In May 2022, 304,482 customers were active.。So this year has taken an even bigger hit in order to lay a firmer foundation for next month。
The customer's withdrawal has been released.。Total withdrawals between January and March were 13.$59.5 billion, compared to total deposits of 8.700 million dollars。Data for the April-June quarter will be released in July。Previous trends suggest total withdrawals will increase。Data for the same period last year was 9.$84.9 billion, followed by 11.$02.5 billion and 11.$34.6 billion。
Exness has been able to better reward its partners。Although the last quarter of 2022 was 99.The $10,000 decline ended, but the first quarter of the year began to grow positively, bringing 1.$09.8 billion。Last year's third quarter was the peak, and the first and second quarters set the stage for it.。
Things are more optimistic at the start of the year, but this quarter will set the tone for the next。Exness offers incentives to partners in the form of commissions。Exness has exclusive offers with partners in certain regions。For example, it is one of the few Forex brokers in South Africa that has a ZAR account.。Others on the list include Tickmill, IG Group and FXTM Fortis。
As for volume, Exness noted a cyclical decline in April, but was able to maintain the $3 trillion mark.。The series, which began in February, almost lost momentum in April and restarted in May 2023.。
According to an April 2023 report by Exness, the number fell by 22.6%。It stressed that the jump was crucial for the company as the industry was going through a recession.。The business was able to overcome difficulties and get back on track。
Exness is expected to release its June 2023 report in July 2023, along with an update on customer withdrawals and partner rewards data for the second quarter。
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