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Screenshot of a breaking news alert e-mail from Q2 2017
It looks like Exness has a trillion reasons to smile.
Concluding its best-ever quarter in which it saw clients transact over a trillion dollars of trading volumes, FCA and CySEC licensed Retail FX broker Exness has reported that March volumes came in at $375.4 billion, a record for the company.
That bested Exness’ previous best month of January 2018 ($334.4 billion) by a handy 12%. By another comparison measure, Exness averaged volumes of $267 billion monthly in 2017.
Exness saw a record 46,520 active traders in March, up 7% from February’s 43,626.
For all of Q1, as noted above Exness transacted just over $1.0 trillion of client trading volume, placing it in the top tier of Retail FX brokers. The company honored $102.3 million of client withdrawals in Q1.
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 early last month, 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.