Brokers News

FXCM's May 2013 Metrics: Forex on Steroids

Jun 06 2013
By Forexbrokerz.com

Early this morning FXCM, possibly the biggest retail and institutional forex broker in the world, announced its monthly operational metrics for May 2013 and as expected, things are getting better and better over there (at this growth rate, it might not be long before the broker starts announcing their revenue and trading volumes in gazillions).

Let's take a look at the numbers. Retail volumes are up 7% from the previous month, and 28% year-on-year: $390 billion – a figure that has not been achieved in a single month before. The average trading volume reached $17 billion per day accomplished through 498,089 trades per day.

In may, FXCM has managed to attract 1,332 more retail traders. With this, the broker's tradable accounts count has reached 197,506, and the launch of FXCM's unlegulated subsidiary in Bermuda might have strongly contributed to that.

On the institutional front, things are picking up quite fast as well – number of transactions and volumes are growing like they're on steroids (there's a 39% year-on-year increase in overall institutional trading volumes).

The official announcement follows below.

FXCM Reports Monthly Metrics

Record Retail Trading Volume of $390 billion

Record Institutional Volume of $191 billion

NEW YORK--(BUSINESS WIRE)-- FXCM Inc. (NYSE: FXCM) today announced certain key operating metrics for May 2013 for its retail and institutional foreign exchange business.

Monthly activities included:

May 2013 Retail Trading Metrics

- Retail customer trading volume (1) of $390 billion in May 2013, 7% higher than April 2013 and 28% higher than May 2012.

- Average retail customer trading volume(1) per day of $17.0 billion in May 2013, 2% higher than April 2013 and 29% higher than May 2012.

- An average of 498,089 retail client trades per day in May 2013, 0.1% lower than April 2013 and 37% higher than May 2012.

- Tradable accounts(2) of 197,506 as of May 31, 2013, an increase of 1,332 accounts, or 0.7% from April 2013, and a decrease of 6,367 accounts, or 3% from May 2012.

May 2013 Institutional Trading Metrics

- Institutional customer trading volume (1) of $191 billion in May 2013, 4% higher than April 2013 and 39% higher than May 2012.

- Average institutional trading volume (1) per day of $8.3 billion in May 2013, no change from April 2013 and 39% higher than May 2012.

- An average of 39,364 institutional client trades per day in May 2013, 72% higher than April 2013 and 139% higher than May 2012.

This operating data is preliminary and subject to revision and should not be taken as an indication of the financial performance of FXCM Inc. FXCM undertakes no obligation to publicly update or review previously reported operating data. Any updates to previously reported operating data will be reflected in the historical operating data that can be found on the Investor Relations page of the Company's corporate web site.

(1) Volume that FXCM customers traded in period translated into US dollars.

(2) An account that has sufficient funds to place a trade in accordance with FXCM trading policies.

TAGS: FXCM forex trading forex metrics trading volumes retail forex institutional forex

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Broker	Advantages
	FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.


	XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
	FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
	FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
	FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
	FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
	HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage - one of the highest in the industry.
	Exness is a leading forex broker, offering MT4 and MT5 platforms. Traders can take advantage from a true ECN environment and trade on ultra tight spreads, starting from 0 pips.

Broker	Country	Regulation	Platform	Min Deposit	Review
	Cyprus, UK, Mauritius	CySec, FCA, FSC	MT4, MT5, Web	$10	Review Website
	Cyprus, SVG	CySEC	MT5, Web, cTrader	$100	Review Website
	Australia, Cyprus	ASIC, CySEC	MT4, MT5, IRESSTrader	$100	Review Website
	Cyprus, Australia	CySec, ASIC	MT4, MT5	$5	Review Website
	UK, Australia, South Africa	FCA, ASIC, FSCA	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
	UK	FCA	MT5	$5	Review Website
	UK	FCA	MT4, Web, MT4 for Mac	$100	Review Website
	Australia, UK	ASIC, FCA	MT4, MT5, cTrader	$200	Review Website

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