de | cn | ru

Brokers News

Russian Broker EXNESS Does Suspiciously Well

Just as we are entering the last quarter of the year, I am expecting at least a few brokers to publish data on their performance during Q3. After all, transparency of operations is a key factor for establishing a company’s reputation, and with the fierce competition on the forex market, good reputation is golden. 

Unfortunately, however, only a few of them do so and Russian-based EXNESS is one of the brokers who appear to be quite open about its operational metrics. On the broker’s official site there is a page dedicated to statistics, broken into years and months. 

A quick glimpse on the data from 2012, though, gets a red light to start blinking in my head. Take a look yourself: 


Judging by the numbers, EXNESS seems to be doing quite well. Too well, as of that matter - almost too good to be true. Approximately 8,000 new accounts opened in each of the months of Q3 is quite the impressive achievement – especially having in mind that the broker is not amongst the largest ones on the market. There is, of course, the possibility that these numbers are just made up.


As there is no other way to verify the details published by EXNESS, I figured I would compare them to a couple of other brokers.

The first one I picked was one of the largest brokers around the world, and one with outstanding reputation and a sustainable client base. During Q2 the broker had 6,862 new accounts created – so approximately 2,300 accounts per month (download .pdf here ). If you  do the math, you will see that for the same period EXNESS had an average of 7,560 newly registered accounts per month.’s retail trading volume for Q2 was $340.8 billion. The trading volume of FXCM, another one of the major brokers, was $869 billion. The one of EXNESS - $204.2 billion.

What’s important to note here is that both Gain Capital, the company behind the brand, and FXCM are publicly listed company – this means that they are mandated to publish accurate data, and they are being audited by independent companies on a regular basis. EXNESS, on the other hand, is based in Russia, where there is no forex legislation whatsoever.

I’m not going to draw any conclusions here – you do the math yourself and figure out whether the data so willingly given by EXNESS seems plausible or not. It shouldn't be too hard to figure out.

TAGS: exness  fxcm  trading volume  russian forex broker  forex broker 

More news about Exness

Broker Country Regulation Platform Min Deposit Review
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, IFSC MT4, MT5, Web $10 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
Australia, Cyprus ASIC MT4, MT5,
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
Australia ASIC MT4, MT5 $100 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
$200 Review Website

More Forex Brokers News

Vantage Prime will no longer service non-Australian clients

May 20 2019 13:36:39

  Vantage Prime, which is a part of the Vantage FX group, announced it will no longer service non-Australian clients, online media Finance Magnates reported today. The broker’s decision is taken due to regulatory concerns. Read more

Dukascopy warns it has no cooperation with shady broker GCG Asia

May 16 2019 13:29:47

  Swiss forex brokerage and bank Dukascopy has repeatedly warned investors that it is has no cooperation Guardian Capital Asia (GCG Asia) and that the latter is likely involved in a fraudulent scheme. Read more

$75 mln forex Ponzi scam revealed in the US

May 03 2019 16:46:08

The Commodity Futures Trading Commission (CFTC) in the US has filed charges against Florida based Oasis International Group, Oasis Management and Satellite Holdings along with their owners for running a 75 million USD Ponzi scheme, concealed as forex investment program. Read more

Australians lost $86 mln to investment scams in 2018

May 02 2019 17:04:18

Australians lost over 86 million USD to investment scams in 2018 alone – the biggest portion of the almost 490 million USD  in losses from over 378 000 scam reports, the latest report of the Australian Competition and Consumer Commission’s (ACCC) reveals. Read more

FXTM now offers a deposit bonus of up to $5 000

Apr 25 2019 11:10:24

  Global award-winning brokerage FXTM has launched their biggest deposit bonus promotion ever. The broker is now offering an extra 30% back from every amount their traders deposit over a period of 30 days, up to a total of $5,000. Read more

FXTM appoints Han Tan as a Market Analyst for Southeast Asia region

Apr 19 2019 13:28:36

  Global award-winning forex broker FXTM has just announced the appointment of Tan Chung Han (Han Tan) as a Market Analyst. Read more

FXTM gets a license from Mauritius’ FSC

Mar 28 2019 09:59:36

  Award-winning forex brokerage  FXTM (ForexTime) continues its ongoing global expansion. The broker announced it has acquired a license from the Financial Services Commission (FSC) of the Republic of Mauritius previous week. Read more

Fortrade is the first broker to get an ASIC license in nearly 2 years

Mar 20 2019 15:03:35

  Fortrade acquired a financial services license from the Australian Securities and Investments Commission (ASIC), which hasn’t been very welcoming of new retail forex broker applicants lately. Read more

FP Markets launches a suite of cutting-edge MT4 tools for traders

Mar 06 2019 14:31:42

  FP Markets, a market-leading Forex and CFD provider, launches MT4 Trader Toolbox, a suite of twelve online trading tools which will take their clients’ trading to the next level. Read more

Major broker IG launched its US website

Jan 31 2019 13:15:37

  Global brokerage IG launched its website intended for US retail clients ( Residents of the US (with the exception of those in Arizona or Ohio) can now register on the broker’s website in less than 5 minutes and start trading. Read more

de | cn | ru