Exness FX trading volumes up 21% in June to $468B
After a fairly slow April and May, things seem to have picked up again in June at Seychelles licensed retail forex broker Exness as volatility returned to the capital markets.
After hitting a record $785 billion of client trading activity in March – when global stock, commodity, and currency markets were going haywire at the outset of the Covid-19 crisis – FX trading volumes cooled down to $480 billion in April and then again to $387 billion in May at Exness. However as noted things picked again in June at Exness, with monthly volumes coming in at $468.5 billion.
In the first half of 2020, Exness averaged volumes of $502 billion monthly. By contrast, Exness averaged $335 billion in monthly volumes during 2019.
June also saw a record number of clients make trades at Exness, with the company reporting 128,619 active clients, up from 121,447 in May, and 113,596 in April.
Exness revealed that it honored $178.6 million of client withdrawals in the second quarter of 2020 ($192.7 million during Q1), and paid out $31.6 million of partner rewards (Q1: $37.4 million), making Exness one of the largest active affiliate programs in the retail FX world.
Exness has its client volumes, client withdrawal figures and agent commissions paid audited each quarter by Deloitte.