Closing out its best year ever which saw the company climb to become one of the largest Retail FX brokers, FCA and CySEC regulated Exness has reported that December Forex trading volumes came in at $256.6 billion – down 21% from November’s record $324.4 billion, but still a good result for the normally slow end-of-year month.
Overall for 2017, Exness reported total trading volumes of $3.22 trillion or an average of $269 billion monthly – up 34% over 2016’s monthly average of $201 billion.
Exness saw 43,415 active traders in December, versus 44,276 in November, up slightly from 43,716 in October.
For the full year 2017, Exness honoured $378 million in client withdrawals, including $94.6 million during Q4. 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 (Q3-2017) for Exness can be seen here (pdf).
Beyond the numbers, Exness had a very busy 2017, including the company cementing its sponsorship of Real Madrid as well as engaging Real star Cristiano Ronaldo as a Brand Ambassador.
During the year Exness also completed the upgrade of its FCA license in the UK to ‘IFPRU €730k’. This means that the company can now trade with its clients as principal without the matched limitation. Having acquired its full scope license, Exness UK is set to expand its global reach by becoming fully operational in the coming months.