Retail forex broker Exness has reported its best ever month for trading volumes, with March activity coming in at $313.7 billion.
That tops Exness’ previous best, January’s $267 billion, by a healthy 17% and also places Exness in the exclusive $300 billion club as one of the world’s 10 largest retail FX brokers.
In addition to the volume figures, Exness saw a record 46,112 clients place a trade during March.
Overall for Q1, Exness honoured $99.4 million in client withdrawals, and paid out $13.3 million in payments to partners, mainly introducing brokers. We’d note that Exness has its volume, client withdrawal and partner rewards figures audited on a quarterly basis by global accounting firm Deloitte. The Deloitte Independent Assurance Report for the most recent quarter (Q4-2016) for Exness can be seen here.
In the fall, CySEC regulated Exness announced plans to expand in Europe and in the institutional eFX space, backed by a new UK subsidiary and FCA license.
David Moyes, Exness
David Moyes, Chief Sales Officer at Exness explained the record results to LeapRate:
Our strong trading volume growth can be attributable to many factors. Largely from an increased base of active traders, a record with over 46 thousand, as well as increased client average trading volumes. This is a steady growth of both new customers in our primary and secondary markets and retention of our existing long standing customers.
We attribute this to further improvements in our trading conditions and platform since the end of 2016, and our robust payment systems facilitating almost $100 million in client withdrawals since January. Looking forward, we will to continue to further improve our operating conditions for our customers and actively grow our developing markets.