Retail Forex broker EXNESS remains committed to providing maximum transparency when it comes to its operations.
Earlier today the company published operating metrics for the first quarter of 2015, with the numbers showing the company paid $8.1 million in agents’ commissions during the period. As usual, the numbers are audited by an independent auditing firm, the international auditor Deloitte.
The data for the first three months of 2015, as audited by Deloitte, show:
- Total agents’ commissions: $8.1 million;
- Total clients’ withdrawals: $50.3 million;
- Total trading volume: $549 billion.
We should also mention that commissions paid to clients for introducing new traders to EXNESS rose by 19% compared to the fourth quarter of 2014. The robust numbers reiterate the efforts of the Forex broker in terms of launching useful collaborations in target markets. Earlier in April 2015, EXNESS used the Chinese Formula 1 Grand Prix in Shanghai in order to expand collaborative opportunities in the region.
Let’s also note that client withdrawals were $50.3 million during the first three months of this year, marking a rise of 20% over the final quarter of 2014.
Total trading volumes in the first three months of 2015 were $549 billion, up $13 billion when compared with the fourth quarter of 2014 and up by $91 billion when compared with the same period last year. Average monthly trading volumes were $183 billion, a rise of 20% compared to the first quarter of 2014. The volumes in the first quarter of 2015 were significantly boosted by the high volatility in January and March 2015.
George Tsaparillas, Director of Global Strategy and Business Development of EXNESS, commented:
“It’s incredible that retail Forex broking has grown into such a massive industry with such minimal transparency. Many traders have deposits with brokers with no real visibility of their broker’s trading volumes, performance or financial strength. At times of market stress, such as we saw with the Swiss Franc in January, transparency really matters and we think will be critical for the retail Forex industry to build trust amongst traders moving forward.”
To view the official announcement, click here.