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Screenshot of a breaking news alert e-mail from Q2 2017
Continuing a very strong start to the year in which it saw more than a trillion dollars of trading volumes in Q1, FCA and CySEC licensed Retail FX broker Exness has reported that May client volumes came in at $395.2 billion – a monthly record for the company and one of the best-ever months seen by a Retail FX broker outside of Japan.
Exness’ previous best was March 2018, at $375.5 billion.
Exness saw 46,067 active traders in May, up from 44,821 in April.
For the first five months of the year, Exness has transacted $1.76 trillion of client trading volume, placing it in the top tier of Retail FX brokers. The company honored $169 million of client withdrawals between January and May 2018.
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 (Q4-2017) for Exness can be seen here (pdf). The Deloitte Q4 report also indicated that as of year-end 2017 Exness held Client Funds of $42.9 million, and Exness’ own funds totaled $172 million.
As was exclusively reported at LeapRate in March, Exness has its sights set on expanding its presence in the UK, and recently injected £1.5 million of additional capital into its FCA licensed subsidiary. Mid last year Exness 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.