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FXCM enjoys a 14% retail trading volume increase MoM in August

Sep 10 2014
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FXCM, the biggest US forex broker, reports positive operating metrics for its retail business for August compared to previous month with a 25% increase of the average customer trading volume. Institutional trading volume, however, is 2% down compared to July but still 22% up YoY.

FXCM is steadily putting distance between its performance and the somehow weak metrics reported in June and July. On yearly basis August operating metrics clearly indicate that the reputable US forex broker is about to rebound from the first half of the year. For example, in June retail customer volume was down 36% YoY. In August it is down only with 2% compared to prior year. Tradable accounts have increased with 8% till August 2013.

Institutional trading wise FXCM has a very good year with trading volume up 22% YoY. The company is highly regarded by many smaller brokers and in July 2014 the institutional traded volume was $262 billion, 42% higher than in July 2013. That was a record for FXCM.

Retail trading is to be boosted further in the forthcoming future by the recently acquired IBFX’s 13 000 MT4 clients’ accounts. Moreover, this month markets’ volatility is so high so far that we have every right to expect some spectacular results from the forex industry in September.

FXCM’s August operating metric are given below:
 

August 2014 Retail Trading Metrics

- Retail customer trading volume (1) of $300 billion in August 2014, 14% higher than July 2014 and 2% lower than August 2013.

- Average retail customer trading volume per day of $14.3 billion in August 2014, 25% higher than July 2014 and 2% higher than August 2013.

- An average of 392,322 retail client trades per day in August 2014, 14% higher than July 2014 and 5% lower than August 2013.

- Tradable accounts of 199,377 as of August 31, 2014, a decrease of 2,417 accounts, or 1% from July 2014, and an increase of 14,254 accounts, or 8% from August 2013.

 

August 2014 Institutional Trading Metrics

- Institutional customer trading volume of $257 billion in August 2014, 2% lower than July 2014 and 22% higher than August 2013.

- Average institutional trading volume per day of $12.2 billion in August 2014, 7% higher than July 2014 and 28% higher than August 2013.

- An average of 35,387 institutional client trades per day in August 2014, 22% lower than July 2014 and 38% lower than August 2013.

 

 
TAGS: fxcm  operating metrics  august 2014 

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