Exness, a forex brokerage regulated in Cyprus and Belize, reported on Thursday its trading volume amounted to $165.6 billion in April 2016, posting a sharp decline from $197.9 billion a month earlier. The figure represents an annual drop of 21.5%.
The number of customer accounts the broker handled was 25,967 last month, or 22.4% down on the month and 15.5% lower than a year earlier.
Exness, set up in 2008, consists of companies which are registered with and regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Belize International Financial Services Commission (IFSC). The group companies are also registered with the relevant regulatory bodies of Germany, the Netherlands, Poland, Spain, Italy, and Sweden.
Exness’ customers can trade with more than 120 forex currency pairs at tight spreads, starting from 0-0.3 pips and high leverage rates of up to 200:1 for ECN orders and 2,000:1 for the other two account types. The broker offers Mini, Classic, and ECN trading accounts, both demo and live ones, and more than 80 currency account options, using the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platform. Earlier this year, the broker added the web-based version of the MT4 to its offering.Clients can access its WebTrader via ww.exness.com/webterminal.