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Home Finance

US$1T multi-asset broker Exness expands in Africa

Emmanuel Chilamphuma by Emmanuel Chilamphuma
January 12, 2022
in Africa, Finance, Investing
Reading Time: 2 mins read
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Exness’ strategic expansion plans will cover countries like Uganda and Rwanda in 2022

Exness, one of the biggest multi-asset brokers in the world, will continue to expand its presence in Africa in 2022.

With a strong presence in Africa over the past year and an FSCA licence under its belt from the South African regulator, Exness’ strategic expansion plans will cover countries like Uganda and Rwanda in 2022, where anyone with a serious interest in accessible and affordable investment options can benefit from the broker’s innovative technology and excellent trading conditions.

Exness has also had a 58% year over year increase in trading volume and over 200,000 active clients (June 2021) – a number that is also more than double from last year (June 2020)
The leading broker has had tremendous success and growth in its 13-year history and recently surpassed the $1 trillion mark in monthly trading volume (October 2021). This momentous milestone establishes the already successful broker’s leading presence in the financial markets landscape.

Also read: Africa’s economies to defy pandemic, perform well in 2022/23

Exness has been consistently one of the top 5 brokers, shy of the $1 trillion mark for a few months now, averaging $843 billion in 2021 with its previous highest peaking at $947 billion in July 2021. Exness has also had a 58% year over year increase in trading volume and over 200,000 active clients (June 2021) – a number that is also more than double from last year (June 2020).

Exness heavily invests in developing technologies, algorithms and products that will result in fast execution, stable pricing, and low to zero commissions and spreads, in addition to features that give traders an extra layer of protection during volatile markets.

Last but not least, it is worth noting that Exness invests heavily in corporate social responsibility in every region it operates in. Just a few months ago, Exness donated $50,000 in aid of the COVID-19 third wave initiatives to the Gift of the Givers Foundation in South Africa.

Related

Source: Press Release
Tags: algorithmsdeveloping technologiesExnessExness investsExness strategic expansion plansFSCAFSCA licenceGivers Foundation in South AfricainvestmentproductsRwandaSouth African regulatortradingUgandaUS$1T multi-asset broker Exness expands in Africa
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Emmanuel Chilamphuma

Emmanuel Chilamphuma

Emmanuel is the founder and principal of Sarko Partners, a UK-based business development agency bridging opportunities between the UK and key African markets. He has developed his career as a Senior Africa-focused Analyst having held positions in different private investment groups operating in Subsaharan Africa. Emmanuel also holds a position at FurtherMarkets where he manages a number of Business Development initiatives connecting Southern Africa to foreign markets, particularly the UK, the US, and the European Union. Emmanuel was born in Zimbabwe to a Malawian family and grew up in London. He holds an International Economic Law degree from the University of London.

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