de | cn | ru

Brokers News

FXCM reports December trading volumes, stock drops 12%

US-based forex broker FXCM reported its trading metrics for December 2015 earlier today and disappointed investors with its updated expectations concerning the repayment of its loan with Leucadia. As a result the company’s stock price dropped 12% at market open.


While the broker remains positive about the ongoing sales of its overseas subsidiaries, they may not be completed within the first quarter of 2016 as previously intended. FXCM is now targeting the repayment of its debt to Leucadia by the second quarter of 2016.


During December 2015, FXCM’s retail customer monthly trading volumes came in at $323 billion, 8% higher than November 2015, however, marking a year-over-year decline of 9.0% from December 2014.

 

Furthermore, FXCM’s volumes from indirect sources during December 2015 yielded 37% of total retail volume in Q4 2015. As such, retail customer trading volume for Q4 2015 was $956 billion, falling by 2.0% from Q3 2015, whilst incurring a 16% lower performance compared to Q4 2014.


The average daily volume for retail customer trading also rose to $14.7 billion in December 2015, roughly 4% higher compared to $14.2 billion in November 2015 and 14.0% lower than December 2014. Lastly, FXCM executed an average of 501,108 retail client trades per day in December 2015, good for a 3% boost month-over-month from November 2015 and 5% lower than December 2014.


Gain Capital, another leading US forex broker, listed on NYSE,  announced its December 2015 metrics earlier this week. Below is a head-to-head comparison:

 


Gain Capital FXCM
     
Retail trading volume $276.9 billion $323 billion
Change m/m +20.7% +8%
Change y/y +17.3 -9%
     
Average daily retail volume $12.6 billion $14.7 billion
Change m/m +15.2 +4%
Change y/y +17.3 -14%
     
Active trading accounts 146,977 177,847
Change m/m -1.3% +54.9%
Change y/y -1% +8%
     
Institutional trading volume $355.4 billion $36 billion
Change m/m +2.1% -12%
Change y/y -6.3% -51%
     
Average daily Institutional volume $16.2 billion $1.6 billion
Change m/m -2.6% -20%
Change y/y -6.3 -54%

 

FXCM Inc. (NYSE:FXCM) was founded in 1999 and is a leading provider of online foreign exchange trading, CFDs trading, spread betting and related services.


FXCM is registered with the relevant regulatory bodies in the US, the UK, Germany, Italy and Australia. Through its offices in the US, the UK, Germany, Australia, France, Italy, and Greece, and affiliate offices in Canada, Israel, Chile, Japan, and China, the broker offers 40 currency pairs on the Trading Station and MetaTrader 4 (MT4) trading platforms.

 

TAGS: fxcm  trading volumes  retail trading  institutional trading 

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 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
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website

More Forex Brokers News

Vantage Prime will no longer service non-Australian clients

May 20 2019 13:36:39

  Vantage Prime, which is a part of the Vantage FX group, announced it will no longer service non-Australian clients, online media Finance Magnates reported today. The broker’s decision is taken due to regulatory concerns. Read more

Dukascopy warns it has no cooperation with shady broker GCG Asia

May 16 2019 13:29:47

  Swiss forex brokerage and bank Dukascopy has repeatedly warned investors that it is has no cooperation Guardian Capital Asia (GCG Asia) and that the latter is likely involved in a fraudulent scheme. Read more

$75 mln forex Ponzi scam revealed in the US

May 03 2019 16:46:08

The Commodity Futures Trading Commission (CFTC) in the US has filed charges against Florida based Oasis International Group, Oasis Management and Satellite Holdings along with their owners for running a 75 million USD Ponzi scheme, concealed as forex investment program. Read more

Australians lost $86 mln to investment scams in 2018

May 02 2019 17:04:18

Australians lost over 86 million USD to investment scams in 2018 alone – the biggest portion of the almost 490 million USD  in losses from over 378 000 scam reports, the latest report of the Australian Competition and Consumer Commission’s (ACCC) reveals. Read more

FXTM now offers a deposit bonus of up to $5 000

Apr 25 2019 11:10:24

  Global award-winning brokerage FXTM has launched their biggest deposit bonus promotion ever. The broker is now offering an extra 30% back from every amount their traders deposit over a period of 30 days, up to a total of $5,000. Read more

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

de | cn | ru