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
CySEC regulated and CRFIN participating member retail FX broker EXNESS has today released its trading volume figures for the month of August 2014.
Total volume for August this year at EXNESS amounted to $171.4 billion, which equates to a 7% decrease when compared to July, during which the company achieved the highest volumes this year, at $185.1 billion.
Whilst many firms across many regions have experienced a considerable downturn in trading volumes which has yet to subside, EXNESS is one of very few firms whose fortunes have not been blighted by the global slowdown. On the contrary, EXNESS had completed August this year with 3,572 more new accounts than the previous month.
Indeed, since March this year, the company’s results have increased considerably over those achieved in January and February, with the only exception having occurred in May. Despite the slight step backwards, trading volume in June was almost $21 billion higher than in May at $184.7 billion, increasing further in July.
EXNESS publishes very detailed volume figures on a regular basis, all of which are available for public viewing. Very recently, the company instructed Meritorius Audit Ltd to conduct a full and complete audit of the company’s trading volumes and performance from May to July this year, with the consultancy confirming that EXNESS had arrived at correct calculations.
On this basis, a decrement during August is not necessarily of great concern, as the overall volume generation in the right direction is relatively rare among FX firms across all industry segments this year.