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FXCM's Retail Clients Funds Up $112 Million in August 2012

Today we checked out CFTC site for data on FCMs' and RFEDs' operational metrics - and we noticed that while most brokers are suffering losses and trying to recover from the slow summer months, FXCM is blossoming. 

 
In August this year the amount of money kept in trading accounts by the broker’s customers has increased by over $112.5 million ($112,569,289 to be precise). And that is just for the US market; impressive.  
 
 
FXCM’s main competitors are Gain Capital’s Forex.com and Oanda – but unfortunately neither of the two can report such good results. Oanda’s increase in forex retail funds is $263,536 (from $162,159,602 in July to $162,23,138 in August this year). 
 
Forex.com data on retail forex money is even worse – in July 2012 the broker held $100,768,702, and in August 2012 - $100,173,898, almost $600,000 less. 
 
 
The trading volume of FXCM are also consistent – in Q2 of the year, the broker accounted for $869 billion transacted through its platforms globally, and in August this year its trading volume reached $271 billion. 
 
For comparison, Forex.com’s trading volume for Q2 was $340.8 billion; unfortunately we do not have any data on the trading volumes of Oanda.  
 
I have to admit that I can’t really isolate the reason for FXCM’s growth rates and point it out. The only major update they did in July was to add NinjaTrader, an analytical online trading platform, to its list of supported platforms. The broker also re-introduced dealing desk trading model as an alternative of the no dealing desk execution – but that was only launched in Australia for a “test run”, and later on it was launched in the UK as well. 
 

About FXCM Inc.

 
FXCM Inc. (NYSE: FXCM) is a global online provider of foreign exchange, or FX, trading and related services to retail and institutional customers world-wide.
 
At the heart of FXCM's client offering is No Dealing Desk FX 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, offers Contract for Difference (“CFD”) products with no re-quote trading and allows clients to trade oil, gold, silver and stock indices along with FX on one platform. In addition, FXCM offers educational courses on FX trading and provides free news and market research through DailyFX.com.

 

TAGS: forex trading  trading volumes  retail forex  FXCM  Oanda  Forex.com  forex execution  forex spreads 

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