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EXNESS pays $9.2 million in commissions to affiliates and IBs in Q3 2015

EXNESS, a CySEC (Cyprus) regulated forex brokerage group, said on Friday its clients made withdrawals in the combined amount of USD 60.9 million in the third quarter of 2015. It also paid USD 9.2 million as agents’ commissions in the July-September period. The broker provided no comparative figures. 

 
EXNESS broker reported a total trading volume of USD 599.3 billion in the third quarter, which represents a 9% decline compared to the previous quarter, when trading volume was USD 660.5 billion. On a yearly basis, however, the broker saw an increase in volume, but did not quote figures. 
 
EXNESS reported last week a 1.2% annual increase in trading volume to USD 201.1 billion in October and a 14.5% growth on the year to 31,385 in the number of new accounts. During the July-September period, the broker had a total of 87,663 new accounts, up from 70,199 a year earlier. 
 
Most conservative clients, according to EXNESS, shifted their interest to the stock market, due to its high volatility, from the forex market. However, in the fourth quarter the group expects a growth in the volatility and the trading volume of the forex market. The reason for this are the possibility of the European Central Bank (ECB) and Bank of Japan expanding their asset purchase programs, as well as a hike in key interest rate in the US in December.
TAGS: exness  ib commissions  affiliate commission  forex ib  forex affiliate 

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