Do not invest more money than you can afford to lose.
Exness, a forex brokerage house regulated in Cyprus and the UK, reported on Friday its tradig volume amounted to $218 billion in September 2016, posting an increase of 10.6% over the month and 12.1% on the year. The figure represents the third ever largest monthly value the broker has generated inception. The only higher monthly values were reported in July this year ($253.2 billion) and in June 2015 ($232 billion).
Exness also reported a record high number of active client accounts of 39,643, or up by 1.4% from the preceding month and 0.3% from the previous highest from June 2016.
The broker’s clients withdrew $89.8 million in total in the third quarter of the year, which is significantly higher than in the previous two quarters. Partners received $17 million in rewards in the July-September period, which is the highest in the broker’s history.
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 used to have a license from the Belize International Financial Services Commission (IFSC), but no longer does. A month ago, the broker announced it has, through its unit Exness Europe, obtained a license by the UK Financial Conduct Authority (FCA). The group companies are also registered with the relevant regulatory bodies in Germany, the Netherlands, Poland, Spain, Italy, and Sweden.