Deloitte report: Exness had $106.68 mln total funds in end of 2015

Deloitte report: Exness had $106.68 mln total funds in end of 2015

- in All News, Forex Brokers
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The Cyprus and Belize-regulated forex broker Exness had a total of USD 106.68 million, including own funds and client deposits, revealed an external report of factual findings of the Deloitte professional services and consulting company.

According to the document, released on Tuesday, as of December 31, 2015, the broker had USD 83.78 million in own funds and held another USD 22.90 million on behalf of its clients, including bonuses (the equity).

The Deloitte report was based on data from Exness’ MetaTrader 4 (MT4) six trading servers, including the MT4 history reports. The auditors also obtained bank statements and verified the accuracy of the total funds that were held by Exness (both own and clients’ funds) as of 31 December 2015.

Deloitte notes that the report was done as part of an agreement between them and the broker and is solely for information purposes. It does not constitute an audit or a review made in accordance with International Standards on Auditing or International Standards on Review Engagements.

“Every client and partner of Exness Group should have access to factual information about the Group’s financial indicators. When we announce our leading positions in the industry, we support it with figures confirmed by independent experts,” commented Petr Valov, CEO of Exness Group, commenting on the report.

Meanwhile, earlier this month Exness was subject to a continuous distributed denial of service (DDoS) hacker attack against its website and trading servers, which caused interruption and lagging in trading services.

In March it announced it will be offering unlimited leverage to its clients, under certain conditions. This led to strong performance in the same month, both on monthly and yearly basis.

Exness offers trading in more than 120 currency pairs via the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.

Exness holds a license issued by the Cyprus Securities and Exchange Commission (CySEC). The group companies are also registered with the relevant regulatory bodies in Germany, the Netherlands, Poland, Spain, Italy, and Sweden.

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