de | cn | ru

Brokers News

FXCM July report reflects difficult market conditions

FXCM, one of the leading US forex brokers, reveals decrease in retail customer trading volume but record high institutional customer trading volume for Q2 2014. These results reflect the tough forex market conditions which drive retail customers away.
 
Most important operating metrics for the second quarter show revenues of $97.9 million, down 30% versus the same period in 2013. A strong growth in client equity of $1.31 billion, up 10% year-to-date and up 5% from March 31, 2014 is also reported. Other highlights include:
 
- Retail customer trading volume of $263 billion in July 2014, 4% higher than June 2014 and 32% lower than July 2013. 
- Average retail customer trading volume per day of $11.4 billion in July 2014, 6% lower than June 2014 and 33% lower than July 2013. 
- An average of 345,589 retail client trades per day in July 2014, 1% lower than June 2014 and 24% lower than July 2013. 
- Tradeable accounts of 201,794 as of July 30, 2014, a decrease of 6,571, or 3%, from June 2014, and an increase of 7,275, or 4%, from July 2013.
 
Institutional trading, however, show positive results with a July volume of $262 billion, 42% higher than July 2013 and a record for FXCM. An average of 45,223 institutional client trades per day in July 2014, 17% lower than June 2014 and 2% higher than July 2013. FXCM is therefore regarded as a trusted partner by many smaller brokers.
 
The weak results in retail customer trading are attributed to the current market conditions. Mr Drew Niv, Chief Executive Officer of FXCM said: "In the second quarter of 2014, volatility in the currency markets hit all-time lows with FXCM seeing retail customer volumes the lowest they have been in years."
 
With many claiming than the world forex market is shrinking lately the FXCM's figures are not unexpected. FXCM also reports increase in their CFDs business now constituting 26% of the company's volume for the 2nd quarter, a 5% increase to the prior quarter. It may be that FXCM feels that CFDs are more profitable than forex and shifts its focus accordingly.
 
The full FXCM report is here
 
TAGS: FXCM  Q2 2014  retail  institutional  operating metrics 

More news about FXCM

Broker Country Regulation Platform Min Deposit Review
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,
IRESSTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$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,
cTrader
$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 (www.ig.com/us). 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