FX and CFD broker Exness announced its trading volumes for July.
July marks the second highest monthly trading volume since the company was founded in 2008. The broker reported $595 billion in trading volume for last month. Exness registered 63% increase on yearly basis compared to the same period in 2019.
Exness reported that the high volumes for July were driven by the high market volatility due to the Covid-19 pandemic. Specific instruments such as gold were affected the most.
The growing client base of the broker have also been a contributing factor. More than 135,000 traders have boosted the trading volumes of the company. The record trading month remains March when the broker registered $785 billion monthly trading volume.
Experienced writer and journalist, working in the global online trading sector, Steffy is the Editor of LeapRate. She has previous experience as a copywriter and has been with the company since January 2020. Steffy has a British and American Studies degree from St. Kliment Ochridski University in Sofia.