Exness’ trading volume bounces slightly up in May 2016

Exness’ trading volume bounces slightly up in May 2016

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Exness, a forex brokerage regulated in Cyprus and Belize, reported on Wednesday its trading volume grew by 5% to $173.9 billion in May 2016, compared to a month earlier when it posted the lowest value since the beginning of the year. The value is however, 21% lower than a year earlier and still sensibly below its average monthly trading volume.

The number of new accounts with Exness, however,  fell down to 23,056, or the lowest since November 2014. The figure represents a decline of 11.2% if compared to a month earlier and a drop of 31.6% year-on-year. Exness May 2016In comparison, Saxo Bank, a Danish bank specialized in providing online trading services, saw its trading volume going down 1.9% on the month to $255 billion in May. Meanwhile, GMO Click Securities and FX Prime, both part of Japanese forex brokerage group GMO Click, also saw their trading volumes on decline. GMO Click Securities’ volume amounted to JPY 91.7 trillion in May, falling below JPY 100 trillion for the first time this year, and that of FX Prime was JPY 4.8 trillion, or 31.7% below the value reported a month earlier. The rest of the forex brokers are yet to publish their monthly metrics.

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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