Brokers News

FXCM's May 2013 Metrics: Forex on Steroids

Jun 06 2013
By Hannah Levi , Forexbrokerz.com Find me on Google+

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

More news about FXCM

FXCMs November trading volume rebounds from October Dec 07 2017 14:23:14
Global Brokerage files for bankruptcy, delists from NASDAQ, FXCM not involved Nov 13 2017 14:37:57
FXCM parts ways with Global Brokerage Oct 03 2017 07:45:27
FXCM: our clients will not be affected if GLBR delists from NASDAQ Aug 22 2017 07:28:40
FXCM closes FastMatch sale, gets $46.7 million to pay Leucadia Aug 15 2017 07:41:09

Broker	Advantages
	FXTM a regulated forex broker (regulated by CySEC, FCA and IFSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $5 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.
	easyMarkets is a CySEC and ASIC regulated broker offering access to over 300 trading instruments, tight fixed spreads, no slippage and a 50% deposit bonus.

	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 ongoing monthly $999 forex contest, offers a $5 no-deposit bonus for anyone 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, Belize	CySec, FCA, IFSC	MT4, MT5, Web	$5	Review Website
	Cyprus, Australia	CySec, ASIC	MT4, Web, Mobile app	$100	Review Website
	Australia	ASIC	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	CySEC	MT4, Web	$25	Review Website
	Cyprus, UK	CySEC, FCA	MT4, MT5	$1	Review Website

More Forex Brokers News

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

CySEC warns Efexa1000 is not licensed

Oct 22 2018 12:55:06

The Cyprus Securities and Exchange Commission (‘CySEC’) officially warned investors that Efexa1000 is not authorized to provide investment services in the country. Read more

IG Group gets licensed in the USA

Oct 16 2018 13:48:15

Major forex broker IG Group (IG) got a green light from the National Futures Association (NFA) to operate on the US retail forex market. The US arm of IG Group, IG US LLC, has just been approved as a NFA member and is officially registered as a Retail Foreign Exchange Dealer (RFED). Read more

ASIC adds HBC broker to its warning list

Oct 09 2018 11:14:03

The Australian Securities and Investment Commission (ASIC) has updated its list of “businesses to be wary of” with HBC Broker – an unregulated company that is trying to confound its potential clients by giving out some correct details of leading forex and CFD ... Read more