Retail forex broker Exness has reported FX trading volumes of $197.1 billion in July – a 22% decrease from its record monthly volumes of $253 billion recorded in July in a very active and volatile post-Brexit environment.
Exness’ August results mirror the declines we have seen so far at other leading Retail and Institutional FX trading platforms, as major currency pairs traded in a very tight range during the month with little volatility.
Year-to-date in 2016, Exness has seen $1.57 trillion in total trading volume, has honored a total $155 million in total client withdrawals, and has paid out $21 million in total partner rewards.
Exness regularly topped $200 billion in trading volume during most months of 2015, but had seen its growth slow earlier this year with volumes sitting in the $160-180 billion range from April-June. We now believe that Exness’ temporary drop in volumes earlier this year was caused (at least in part) by a series of DDoS attacks against Exness and its trading servers. The DDoS attacks led to trading services being intermittent and Exness’ MT4 connection being slow during different periods of early Q2.
Exness gets its trading volume and client metrics audited on a quarterly basis by international accounting firm Deloitte.