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EXNESS Forex Volumes Jump 58% Y/Y in February

EXNESS, the global Forex broker, today announced a set of robust operational metrics for last month, with Forex trading volumes showing a steep rise against the previous year. 
 
The Forex volumes at the group amounted to $140.8 billion in February 2014, a rather solid figure, which is whooping 58% higher than the $88.9 billion recorded in February 2013. The number of new clients also grew on an annual basis: the reading was 16,778 in February, up by 37% against the same month in 2013.
 
The monthly comparisons were not that good, with the volumes down by 6% and the count of new clients down by 10% from levels seen in January 2014. However, a couple of things should be noted in this respect that would at least partially vindicate the readings. For starters, February is a shorter month and hence the comparison is normally in favor of January and has little to do with actually stronger performance results. Then, some extra seasonal factors come into play such as the purely psychological January effect which is associated with higher traders' activity fueled by the enthusiasm around the start of the new year. One more thing to say is that EXNESS had a record set of results in January 2014 and any record is hard to beat.
 
And now let's assess the strong annual comparisons: there are a raft of factors that underline the success in raising trading volumes and traders numbers over the February 2013-2014 period. The most obvious reason is the launch of EXNESS Cypriot business – the new company started operations in August, as some of you may recall. The new business certainly added momentum to the operational metrics. 
 
We cannot skip the fact that the broker has been beefing up its product lineup – in the end of January it launched WebTrader – a browser-based version of Metatrader 4. It has also improved trading conditions raising leverage and cutting minimum deposit requirements.
 
 

About EXNESS

 
EXNESS Limited is a Forex broker, listed on New Zealand's Financial Service Provider Register as a financial services provider (No. FSP181164) and is also a member of the Financial Dispute Resolution Service. The company offers services to MetaTrader 4 (MT4) traders. EXNESS prides itself on offering profitability, reliability and convenience to its clients.  Some of the perks of using EXNESS include minimum floating, leverage of up to 1:2000, minimal non-trading risks, flexible deposit and withdrawal options and competent customer support. 
TAGS: exness  exness forex broker  exness volumes  forex volumes  forex clients  operational metrics  forex trading  february 2014  february 

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