de | cn | ru

Brokers News

FXCM & Gain Capital April Monthly Metrics: FXCM Retains Leader Position in terms of Retail Trading Volume

Two of the leading US forex brokers have recently released data on its business performances in April 2016, Gain Capital (NYSE: GCAP) and FXCM (NYSE:FXCM). According to the brokers` monthly metrics, FXCM strengthened its position as the leading US broker by retail forex trading volume. Here are the key figures in both companies’ trading metrics: 

 


Retail trading volume (billion)

Change (%)

Institutional trading
volume (billion)
Change (%)

FXCM

 

$287

 

-1% MoM
  6% YoY
 

$75

 

-10% MoM
  83% YoY

Gain Capital

 

$255.8

 

-4.1% MoM
-33.4% YoY
 

$163.2

 

-3.5% MoM
-2.9% YoY

 

FXCM’s reported retail volumes in April 2016 slightly lag behind levels seen in March 2016, but stage a rise on a YoY basis by 6%. The institutional side of the business performed more than well YoY, marking 83 increase in trading volumes, coming in at $75 billion. The figure, however, represents a decrease by 10% compared to March 2016. The success of the institutional segment is probably due to the relaunching of FXCM’s website for institutional trading FXCMPro.com.

 

What is more, FXCM’s reported quarterly revenue reached $71.5 million, up 6.7% from the last quarter of 2015 and 9% higher than Q1 2015.

 

The reported operating and financial metrics of the company are quite healthy, despite regular payments made to Leucadia. As a result, FXCM’s stock prices went up by 2.4%: on Thursday, before the company’s press release, its stocks traded for $10.78 and on the next day ay market close its price came in at $11.04.

 

Meanwhile, Gain Capital’s retail and institutional trading volumes both continue to fall in April. The broker’s retail trading volume from over-the-counter (OTC) operations fell 4.1% on the month to $255.8 billion last month, posting an annual drop of more than 30%. Institutional trading volume in the electronic communication network (ECN) broking segment amounted to $163.2 billion in April, marking 3.5% decrease compared to March and 2.9% annual drop.

 

In spite of April worsening trading metrics, Gain Capital’s financial results for Q1 2016 look quite optimistic – registering a nearly 53% increase in net income YoY. Probably that is why the company’s share prices after the press release market a slight increase. Gain Capital’s stock prices traded for $6.84 at market close on May, 4, and two days later its stock price rose slightly to $6.90.

    

We have recently made a detailed comparison of FXCM and Gain Capital`s financial performance for the full year 2015.


Gain Capital (NYSE: GCAP) is the second-largest US forex and CFD broker, operating the brands  Forex.com, City Index, GTX, and Gain Capital. It is active in North America, Europe and the Asia

 

TAGS: fxcm  gain capital  trading volume 

More news about FXCM

Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, IFSC MT4, MT5, Web $10 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5,
IRESSTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
Australia ASIC MT4, MT5 $100 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

More Forex Brokers News

FXTM appoints Han Tan as a Market Analyst for Southeast Asia region

Apr 19 2019 13:28:36

  Global award-winning forex broker FXTM has just announced the appointment of Tan Chung Han (Han Tan) as a Market Analyst. Read more

FXTM gets a license from Mauritius’ FSC

Mar 28 2019 09:59:36

  Award-winning forex brokerage  FXTM (ForexTime) continues its ongoing global expansion. The broker announced it has acquired a license from the Financial Services Commission (FSC) of the Republic of Mauritius previous week. Read more

Fortrade is the first broker to get an ASIC license in nearly 2 years

Mar 20 2019 15:03:35

  Fortrade acquired a financial services license from the Australian Securities and Investments Commission (ASIC), which hasn’t been very welcoming of new retail forex broker applicants lately. Read more

FP Markets launches a suite of cutting-edge MT4 tools for traders

Mar 06 2019 14:31:42

  FP Markets, a market-leading Forex and CFD provider, launches MT4 Trader Toolbox, a suite of twelve online trading tools which will take their clients’ trading to the next level. Read more

Major broker IG launched its US website

Jan 31 2019 13:15:37

  Global brokerage IG launched its website intended for US retail clients (www.ig.com/us). Residents of the US (with the exception of those in Arizona or Ohio) can now register on the broker’s website in less than 5 minutes and start trading. Read more

FOREX.com announced important updates to its Web Trading platform

Jan 25 2019 15:13:43

  Major forex brokerage  Forex.com  proudly announced important updates of its in-house Web Trading platform, which will take your trading experience to the next level.   Accessible from all browsers and operating systems, Web Trading was launched in 2017. Read more

HotForex parent gets licensed by UK’s FCA

Jan 21 2019 12:31:59

  Less than a month after HotForex acquired license to operate in the UAE, the trading services provider gets an authorization by the Financial Conduct Authority of the UK. The UK subsidiary of the HF Markets Group, HF Markets (UK) Ltd. Read more

Rakuten Securities offers HK$700 prepaid cards as a welcome gift

Jan 18 2019 10:26:57

  Hong Kong forex broker Rakuten Securities offers up to HK$700 Spending Limit Prepaid Card as a welcome gift to new account registrants. Here are all the details you need to know about the company’s promotional offer, which is valid from now until the end of March 2019. Read more

XM applies for a forex dealer license in the US

Jan 11 2019 13:39:14

  The US subsidiary of major forex brokerage XM has applied for a membership with the National Futures Association (NFA). This became clear from a filing by the broker’s US entity Trading.com Markets Inc. (previously Trading Point US Inc.) with the NFA dated January 3, 2019. Read more

HotForex acquired DFSA license, commences operations in the UAE

Jan 08 2019 10:45:37

  HotForex is now licensed by the Dubai Financial Services Authority (DFSA) and announced it commences operations in the United Arab Emirates (UAE). The Dubai arm of the HF Markets Group, HF Markets (DIFC) Ltd., acquired the DFSA license in December last year. Read more

de | cn | ru