Forex broker EXNESS reports $197.3 bln trading volume in January

Forex broker EXNESS reports $197.3 bln trading volume in January

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The retail forex broker EXNESS has reached $197.3 billion in trading volume in January 2016, shows the performance information published on its website. The January 2016 trading volume is by 9.3% higher than in the preceding month and by 6.8% stronger year-on-year.

The broker has also registered 32 601 new accounts this past month. In comparison, the number of new accounts in December 2015 was 27 430 and in January 2015 – 32 573.

The total trading volume of EXNESS in 2015 reached nearly $ 2.37 trillion, while the total number of new accounts registered with the company in the same period was 359 384. In 2015 the trading volume reached record levels and has been consistently growing since the founding of EXNESS in 2009. Back then its trading volume was $ 8.73 billion.

Meanwhile, the main competitors of EXNESS – Gain Capital Holdings, FXCM and Saxo Bank are yet to release their trading volume data for January 2016.

In December 2015 Gain Capital’s over-the-counter (OTC) retail trading volume was $276.9 billion – a 20.7% increase, compared to November 2015. Year-on-year the broker posted a 17.3% increase.

FXCM reported that its trading volume for December 2015 was $323 billion, 8% higher than November 2015 and 9% lower than December 2014.

Saxo Bank’s data shows that its trading volume in December 2015 was $ 226 billion – an increase of 3.7%, compared to November 2015. Year-on-year, however, the bank’s December 2015 volume was by 21% lower.

EXNESS group consists of several companies registered in Cyprus and Belize and regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Belize International Financial Services Commission (IFSC), respectively. Additionally, the companies are registered with the local regulatory authorities in the Netherlands, Poland, Spain, Italy, Germany and Sweden.

EXNESS offers trading in more than 120 forex currency pairs. The maximum leverage is 1:2000 and requires no minimum deposit. The available trading platforms are MetaTrader 4 and MetaTrader 5.

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