LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
Continuing a fairly flat month for volumes we have been seeing from leading retail and institutional eFX industry trading venues, CySEC and FCA regulated broker Exness has reported that forex volumes in its system came in at $252.0 billion in June, slightly below $253.1 billion last month.
Both May and June volumes showed a nice increase over April ($234.6 billion), but were still below the record $313.7 billion of trading volumes which Exness set in March.
Exness saw 43,824 active traders in June, down from 45,053 in May.
Overall for Q2, Exness honoured $93 million in client withdrawals, and paid out $15 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 (Q1-2017) for Exness can be seen here (pdf).
During June, Exness reported that it had 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.