Deloitte report finds Exness’ Q4 trading volume exceeds $559.4 billion

Deloitte report finds Exness’ Q4 trading volume exceeds $559.4 billion

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The retail forex broker Exness published today a report of the auditing company Deloitte on its Q4 2015 results on trading volume, agents’ commissions and client withdrawals. According to the findings in the period between October 1, 2015 and December 31, 2015, the broker’s trading volume slightly exceeded $559.4 billion and its clients withdrew $72.2 million. The agents’ commissions paid out in Q4 were $9.5 million.

In comparison, in the preceding quarter Exness’ trading volume was $599.3 billion, or nearly 7% more, according to a similar Deloitte report. In Q3 the broker’s clients withdrew 18.6% less money, or $60.9 million.

The audits are ordered by the directors of Exness group as an independent assurance report. Deloitte reveals that in its calculations it used data provided by Exness from its MetaTrader4 trading platform. According to the audit’s methodology, the trading volume is calculated by multiplying the trade volume by the lot size and by the USD exchange rate. It is also multiplied by two for trades opened and closed in the period. The range of the lot size is from 1 to 100 000 and depends on the underlying instrument. The calculations of the commissions and clients’ withdrawals are based on a complete set of the transactions for the period. Deloitte notes that for the latter are taken into account only external transfers to banks, payment institutions and agents and does not consider internal transfers, bonuses or any other transfers.

The total trading volume of Exness in 2015 reached nearly $ 2.37 trillion. It reached record levels and has been consistently growing since the establishing of the broker in 2009.

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. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Belize International Financial Services Commission (IFSC).


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