Forex broker Exness gaining momentum in June 2016

Forex broker Exness gaining momentum in June 2016

EXNESS

Exness, a forex brokerage house regulated in Cyprus and Belize, reported on Wednesday its trading volume increased by 8.0% over the month to $187.9 billion in June 2016. The figure, however, represents a drop of 19% from the same month a year earlier, when it posted an all-time record high volume of $232 billion. Although there is a significant difference over the year, Exness’ results showed that it is slowly, but strongly recovering.

Exness june 2016
Exness’ monthly trading volume for the first six months of 2016.

The broker operated 39,473 active client accounts last month, or the highest it has seen so far. A month earlier its active clients numbered 37,163, or 2,310 less than in June.

For the first time, Exness provided information about the amounts of its clients’ withdrawals and partners’  rewards. In June, its clients withdrew $67.4 million in total, which is significantly higher than in the previous five months. Partners received last month $4,1 million in rewards, which is the highest in the broker’s history. In comparison, partner rewards amounted to $2.8 million in May and $2.9 million in June 2015. So far, their combined value comes close to $19 million.

In comparison, Saxo Bank, a Danish bank specialized in providing online trading services, posted in June a slight monthly growth in trading volume of 2.4% to $261 billion, while Japanese forex brokers GMO Click Securities and FX Prime, both part of GMO Click Holdings, saw their volumes growing by 20% to JPY 110.2 trillion and by more than double to JPY 10.4 trillion, respectovely.

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. The brokerage 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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