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Exness reports forex IB commissions top $9.5M in Q4 2015

Feb 24 2016
By
Forexbrokerz.com
Retail forex broker EXNESS continues its practice of having its reported trading volumes audited by an independent auditing firm, the international auditor Deloitte. In line with its transparency policy, earlier this week the broker published Deloitte’s report concerning EXNESS performance in the last fourth quarter of 2015.
 
According to the report, the company has paid more than $9.5 million to introducing brokers (IB), up 3.3% compared to the preceding quarter, when the commissions came in at $9.2 million. IB's commissions are those paid to partners for introducing new traders to EXNESS. The numbers are indicative of the Forex broker`s efforts to launch beneficial collaborations in target markets. 
 
The audit revealed that EXNESS’s trading volumes for the period from October 1 to December 31, 2015, amounted to $559.4 billion, a slight decrease compared to the result reported for Q3 of 2015, which was $599.3 billion.
 
As regards clients’ withdrawals, the total amount for the final quarter of 2105 came in at $72.7 million, 19% higher than the previous quarter of 2015.
 
“We are determined to work hard and continuously improve our clients’ trading experience. They are the reason Exness is able to enjoy steady and continuous growth, as verified by Deloitte through their independent verification reports. We acknowledge this trust and, in turn, are committed to lead and upkeep transparency in the sector.” says George Tsaparillas, Director of Global Strategy and Business Development of Exness Group.
 
EXNESS is the trading name of the EXNESS group, established in 2008 and consisting of Cyprus-based EXNESS (CY) Ltd., regulated by CySEC, and EXNESS LTD., an International business company in Saint Vincent and the Grenadines. 
 
The EXNESS group is a global ECN broker, offering trading in more than 120 forex currency pairs under fairly good conditions through the popular MetaTrader 4 and MetaTrader 5 platforms.
TAGS: exness  trading volumes  introducing brokers  IB  commissions 

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