Russian forex broker EXNESS completed March with a total volume for the month of 110.5 yards according to Victor Masalov, the company’s Marketing Director. This represents a month in which performance was up considerably from February’s 89 yards, but represents a slight decline from the company’s stellar start to 2013 with 117.5 yards in January.
In addition to its home market, the company has been gaining presence in the Asia Pacific region, with a degree of success in China and Malaysia. With an interest in venturing into new territories, EXNESS shifted its attention to Europe in October last year and obtained the Cypriot CySEC license. A point of interest is that EXNESS has a controversial approach to leverage in the respect that while low-leverage accounts are common within the company’s client base subject to a maximum of 1:400, it is entirely possible to take up a mini account with EXNESS with a leverage ratio of 2000:1 which may explain the huge volume.
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Just one year ago, EXNESS posted a volume of 53.8 yards for March 2012, showing that the Year-on-Year figure represents more than double that of the same time last year. During the course of 2012, EXNESS showed a steady trend of increasing volumes, somewhat flying in the face of industry norms which showed stagnation and in some cases, decline.
Speaking on the continual increase of trading volume, Victor Masalov said; “Trading volumes of EXNESS increased again in the first quarter of 2013. This growth was mostly due to the trades of the EXNESS clients from Asia. 2013 represents a milestone for us, as for the first time trading volume by EXNESS clients exceeded the number of $100 billion for a month, which is a great achievement for the company.”