Forex

Brokers News

Forex.com reports 40% annual drop in January volumes

Forex.com, the OTC retail forex brand of the US brokerage Gain Capital, has posted a 40.1% drop of its average daily volume in January 2017, compared to last January. According to the company report, it amounted to $9.5 billion and was 11% higher than in December 2016, when the volumes also posted double-digit decline.

 
Similarly, the overall trading volume in January rose 11% on a monthly basis, but dropped 34.1% on an annual basis and stood at $210 billion. The number of active OTC accounts (number of accounts that did at least one trade in the past 12 months) decreased 1.4% from December 2016 and 11.5% from last January. 
 
At the same time, the institutional segment of Gain Capital, GTX, performed much better. According to the report, GTX's ECN ADV in January was $12.1 billion, up 31.7% from December and 28.4% from January 2016. The overall monthly volume of GTX's ECN segmnet was $226.2 billion – 31.7% higher than December and 41.3% from last January. 
 
The swap dealership of GTX also performed quite well in January. The data shows that it had a daily volume of $4.4 billion ( 38% more than December 2016 and 50.6% more than January 2016) and a monthly volume of $96.6. billion (up 38.3% from December and 65.6% from last January). 
 
Gain Capital is one of the major retail forex and CFD brokers in the world. It is currently regulated in eight jurisdictions, with approximately 140,000 customers and over $1.5 billion in assets.  In addition to its US regulated retail forex business, Gain operates regulated retail trading operations under the brands Forex.com and City Index in the United Kingdom, Japan, Hong Kong, Australia, Singapore, Grand Cayman and Canada. Gain Capital also has a US-based retail futures business and the institutional trading platform GTX. 
 
Last week Gain Capital signed an agreement to acquire the US retail forex clients of its main competitor in the country FXCM, which is exiting the US market, following a ban from the country's regulators CFTC and NFA and a $7 million fine for misleading clients and misinforming regulators. According to the agreement, Gain Capital would pay between $250 and $500 per active client account.
 
The acquisition would most likely boost Forex.com's performance, both in terms of volume and client numbers.
 
 
TAGS: gain capital  forex.com  adv  january 

More news about FOREX.COM

Broker Country Regulation Platform Min Deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
UK, Australia, Singapore FCA, ASIC, MAS, BaFin MT4, Web,
ProRealTime,
2Dealer
$0 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
PrimeTrader
$100 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
Cyprus, Australia CySec, ASIC MT4, Web $100 Review Website
UK, Cyprus FCA, CySec MT4, MT5 $5 Review Website
UK, Cyprus FCA, CySEC MT4, MT5,
cTrader,
SuperTrader,
FxPro Markets
$100 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus CySec MT4, Web, Gwasy $100 Review Website
Belize IFSC MT4, MT5, Web $1 Review Website
Cyprus CySEC MT4, MT5,
cTrader
$300 Review Website
Seychelles FinaCom MT4 $10 Review Website
Belize IFSC MT4, Web $500 Review Website
Cyprus CySEC MT4, Web $25 Review Website
UK, Cyprus, Bulgaria FCA, CySec, FSC Web $150 Review Website

More Forex Brokers News

CySEC reinstates in full XTrade's license

Jun 27 2017 12:32:28

The Cyprus Securities and Exchange Commission (CySEC) announced it has reinstated in full the license of the forex broker XTrade.   We remind you that in the end of May the regulator has partially suspended the broker's license, forbidding it to take in new clients. Read more

FXTM expands services for ECN Zero, Strategy Accounts

Jun 27 2017 11:02:04

 Global forex broker FXTM announced it is expanding the services for holders of ECN Zero and Strategy Accounts by merging them on July 3, 2017.   According to the broker, this would allow clients with ECN Zero Accounts to join the FXTM Invest program as Strategy Managers. Read more

ThinkMarkets launches live trading on Trade Interceptor app

Jun 26 2017 13:42:41

The robust mobile app Trade Interceptor announced the launch of live trading powered by forex broker ThinkMarkets on Monday. Read more

Forex

The French financial regulator lifts the ban on 24Option

Jun 26 2017 12:36:52

In a press release on Monday the French financial regulator, Autorité des marchés financiers (AMF) announced that it lifts the ban on binary options broker 24Option. The broker will be able to resume the provision of its financial services in France as of July 3 this year. Read more

Turkish broker GCM Forex the latest to add MT5 to offering

Jun 26 2017 11:32:23

GCM Forex, a forex broker licensed in Turkey, announced it adds the MetaTrader 5 (MT5) platform to its offering. Currently the MT5 is available to VIP account holders as desktop and web versions, as well as mobile apps. Read more

Goldman Sachs sells down its stake in CMC Markets

Jun 26 2017 10:46:36

According to regulatory filings from previous week leading global investment banking, securities and investment management firm Goldman Sachs has sold down its stake in CMC Markets (LON:CMCX) from 5% to 3.4%. Read more

Dukascopy launches Touch Binary options trading

Jun 26 2017 07:17:59

   After a successful testing in Demo environment Dukascopy Bank and Dukascopy Europe have launched trading in Touch Binary options in live mode. Read more

24option boosts its CFD offering with a new partnership

Jun 23 2017 11:10:40

Binary options broker 24option that recently launched forex and CFD trading tries to boost its new offerings via a partnership. Earlier this week the broker announced that Alpesh Patel, a former columnist at the Financial Times and Bloomberg, will be 24option’s brand ambassador.   Mr. Read more

Exness UK acquires full forex broker license by FCA

Jun 23 2017 08:30:58

Online forex broker Exness announced on Friday that its UK arm has been approved by the UK’s Financial Conduct Authority (FCA) to upgrade its license to a full scope, which means the company can now trade with its clients as principal. Read more

Plus500 repurchased a total of 26.401 own shares this week as a part of share buyback program

Jun 23 2017 07:15:19

 Major forex and CFD broker Plus500 (LON:PLUS) repurchased a total of 26.401 of its own shares this week as a part of the broker’s $10 million share buyback program. Liberum Capital acquired 14,543 ordinary shares on Monday and 11,858 more on Thursday, on behalf of Plus500. Read more

Forex