Do not invest more money than you can afford to lose.
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