EXNESS Publishes Volumes & Gaines CySec License

Russian broker EXNESS, has recently began to publish its monthly volume and new client figures on its website. The data publishing occurs as the broker also announced last month that it has gained a CySec license. While Russian brokers affiliating themselves with Cyprus is nothing new, the public reporting of volume data from a mid-sized private firm is rare. As such, it appears that EXNESS, which has a growing presence in Russia and the rest of Asia including Malaysia and China is planning to use the new license to begin to target Europe as well.

Currently, EXNESS offers two products, an ECN and Mini/Classic account (dealing desk). With the broker advertising an aggressive up to 2000:1 leverage on its Mini/Classic accounts, it will be interesting to see if EXNESS creates a separate CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term based offering with different trading conditions.

In regards to EXNESS’s published, but unaudited figures: While we are not able to verify the number, the total trading volume to new client ratio is indicative of average initial deposit sizes in the $500-1000 area. Within the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term industry, this is a typical target area for market makers as they generally try to convert smaller sized clients and then let their retention teams solicit larger re-deposits. For a broker with both 2000:1 leverage and ECN accounts, EXNESS appears to be trying to cover both ends of the spectrum by being able to offer products to the newbie and gambler type client to more experienced traders.