Exness, a forex broker regulated in Cyprus and the UK, has released its June trading metrics, which show that its trading volume and number of active clients has dropped somewhat from May.
According to the company data, the June trading volume stood at nearly $252 billion, down 0.4% from May’s $253 billion. At the same time, the number of active clients decreased 2.7%, to 43824, from May’s 45053. The number is the lowest since January this year.
Exness’ data for Q2 2017 showed that in the period its clients withdrew a total of $93 million, while in Q1 the figure stood at $99.4 million.
The partners’ rewards in Q2, however, rose from Q1 by 12.7%, to $15 million.
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 EXNESS group consists of several companies: Cyprus-based EXNESS (CY) Ltd., regulated by CySEC, Exness Europe Limited, licensed by the FCA, and EXNESS LTD., an International business company in Saint Vincent and the Grenadines.
In June UK’s Financial Conduct Authority (FCA) granted Exness’ UK branch a “IFPRU €730k” forex broker license, which allows the company to trade with its clients as principal.