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FXCM Registers the Highest Increase in Customer Assets This April

The US Commodity Futures Trading Commission (CFTC) has already released the FCM data for April 2013. Naturally, the broker with one of the biggest customer bases worldwide, FXCM, reports the best results: between the end of March and the end of April, the broker has managed to attract almost $5 million more in customer assets; in other words, the broker's traders have entrusted it with 3.5% more money than in the previous month. 

 
We expected to see similar, if not better figures – April was an exceptionally strong month for FXCM's retail division: the trading volumes reached $366 billion, and the average daily number of retail trades reached 498,808, a record for the broker. It could be that many of FXCM's clients took advantage of the USD/JPY volatility we witnessed in April, or perhaps the broker is just raising a new generation of well-educated and cool-headed traders. 
 
Click on the table to enlarge
 
Another interesting things that you notice straight away is that for that month, FX Solutions reports $0 in retail customer assets, so the broker has completed withdrawing from the market. We expected to see the $2 million client funds that had remained with FxSol the previous month transferred to GAIN Capital's Forex.com, however it would appear that this didn't happen: compared to March 2013, in April Forex.com held approximately $1.3 less, which translates into a decrease of 1%. 
 
The other broker releasing similar data is OANDA – the decrease in customer assets there is 2%, or about $4 million. 
 
We find this information a quite curious, as both Forex.com and OANDA usually report sustainable growth, and there are no obvious reason for the slight decrease. The one major market that behaved out of the ordinary was the one of Gold, however this can't be the reason as precious metals trading is prohibited in the United States and neither of the two brokers offer spot gold trading. 
 
Despite being inexplicable, these decreases don't seem to signal a general trend on the US retail market – the total of client funds entrusted to American retail brokers has decreased by only 0,03%  - so there is no reason to be concerned. 
 
 

About FXCM

 
FXCM is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers world-wide.
 
At the heart of FXCM's client offering is No Dealing Desk forex trading. Clients benefit from FXCM's large network of forex liquidity providers enabling FXCM to offer competitive spreads on major currency pairs. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts.
 
FXCM's U.K. subsidiary, Forex Capital Markets Limited, also offers CFD products with no re-quote trading and allows clients to trade oil, gold, silver and stock indices along with forex on one platform. In addition, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com.
 
TAGS: FXCM  Oanda  Forex.com  CFTC  FCM  forex  retail forex  forex trading  FxSol  forex broker 

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