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FXCM’s client deposits reach $176.5 million in January

The US Commodity Futures Trading Commission (CFTC) published a report on Thursday, according to which registered brokerages’ combined client obligations data decreased significantly both MoM and YoY, by 8.2% and 12.2% respectively.

 

In this context US forex broker FXCM did well, as according to the report its total retail forex client deposits are again the highest among all six US retail FX brokers, amounting to more than $176.5 million in January 2016.

 

This figure marks a slight increase of 0.5% compared to December 2015, and a slight decline of 0.9%, compared to the same month a year earlier.

 

  Total Retail FX obligations Jan ‘16 (mln)
 
Total Retail FX obligations Dec ‘15 (mln)
 
Total Retail FX obligations Jan ‘15 (mln)
 
Total Retail FX obligations Jan ‘15 (mln)
 

Change YoY
 

 

FXCM $176.5 $175.6 0.5% $178.0 - 0.9%

TOTAL
(all US retail brokers)

$499.3

 

$544.1

 

-8.2%

 

$ 569.0

 

-12.2%

 

 

Furthermore, CFTC’s report reveals that FXCM’s adjusted net capital amounted to $61.1 million at the end of January, exceeding the required capital of $20 million by nearly $31.3 million.


Last month FXCM released monthly business metrics for January 2016, which marked a steady rise in its retail volumes, continuing the upward trend of the end of 2015. The broker announced a trading retail volume of $331 billion, which represents an increase by 2% from the previous month, but 13% down compared to the December 2015.


Still, the perfomnace metrics from January 2016 are far from the ones reached a year earlier, due to the fact that the broker is still recovering from the significant losses caused by the Swiss Franc spike. In order to offset these losses, FXCM had to take unfavorable loan of $300 million and to sell two of its subsidiaries –FXCM Japan Securities and FXCM Asia (FXCM Hong Kong).


FXCM Inc. (NYSE: FXCM) is one of the largest forex brokers, offering online trading in currency pairs, CFDs, spread betting and related services It has units registered and regulated with the relevant authorities in the US, the UK, Australia, and France.

 

TAGS: fxcm  client deposits 

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