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Exness, a forex brokerage regulated in Cyprus and Belize, reported on Thursday a trading volume of $192.4 million in February 2016, down from $197.3 million a month earlier. Compared on an annual basis, the figure represents a growth of 14%.
The broker’s client accounts also went down on the month by 6.6% to 30,435 in February. However, on the year they posted an increase of more than 12%.
Earlier this week, Japanese forex brokerages Monex Group and GMO Click Holdings reported February forex trading volumes of $42.9 billion and JPY 161 trillion, respectively. Saxo Bank, a Danish bank specialized in providing online trading services, had a trading volume of $259 billion last month.
Meanwhile, other key forex brokers, including Gain Capital Holdings and FXCM, are yet to release their monthly metrics for February 2016.
Exness was set up in 2008 and has grown to become a global forex broker. It offers trading in moret han 120 currecny pairs via Mini, Classic and ECN accounts, using the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.
Exness holds a license issued by the Cyprus Securities and Exchange Commission (CySEC) and, since 2014, a license from the Belize International Financial Services Commission (IFSC). The group companies are also registered with the relevant regulatory bodies in Germany, the Netherlands, Poland, Spain, Italy, and Sweden.