Bucking the down volumes trend for October which we have seen at some of the leading institutional FX venues, we begin our monthly coverage of volume reports for the Retail FX sector with FCA and CySEC regulated broker Exness, and another strong month for the company.
Exness has reported that forex trading volumes in its system came in at $285.6 billion in October – up 10% from September’s $260.6 billion.
October volumes at Exness were second only to the company’s record $313.7 billion of trading volumes which Exness set in March of this year.
Exness saw 43,716 active traders in October, down slightly from 43,867 in September.
For the first nine months of 2017, Exness honoured $283 million in client withdrawals. 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 (Q2-2017) for Exness can be seen here (pdf).
Exness had a busy Q3, announcing its sponsorship of Real Madrid as well as engaging Real star Cristiano Ronaldo as a Brand Ambassador.
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.