Exness’ trading volume declines in Apr 2016

Exness’ trading volume declines in Apr 2016

- in All News, Forex Brokers
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Exness, a forex brokerage regulated in Cyprus and Belize, said on Thursday its trading volume amounted to $165.6 billion in April 2016, posting a drop of more than 16% from the previous month when it posted a five-month high of $197.9 billion. The figure represents a decline of 21.5% from April 2015.

New accounts opened with Exness also fell over the month by 22.4% to 25,967 last month. In March the broker saw a near-record high of 33,449, while in April a year earlier new accounts were 30,731.

Number of new accounts

Trading volume, billion

January

32,601

197.3

February

30,435

192.4

March

33,449

197.9

April

25,967

165.6

The broker’s average monthly trading volume from operations in Russia alone in 2015 amounted to $1.8 billion, with active clients of some 2,900, according to the latest yearly report by Interfax-Center for Economic Analysis (Interfax-CEA).

Exness was set up in 2008 and has grown to become a global forex broker. It offers trading in more than 120 currency 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.

Source: Exness

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