de | cn | ru

Brokers News

Retail Forex Volumes at FXCM Grow 26% M/M in January

FXCM, the major US Forex broker, has just reported its operating metrics for the first month of 2014, with retail trading volumes staging a steep rise month-on-month. 
 
Retail Forex volumes for January 2014 amounted to $342 billion, marking a jump of 26% against levels from December 2013. This is indeed a very good reading for the company, as it strikes a much more upbeat note than in the last month of 2013 when the volumes traded by retail clients were down month-on-month reflecting subdued volatility. Moreover, the retail volumes reading is way higher than the $212.5 billion registered by one of FXCM's main rivals in the United States – FOREX.Com
 
Somewhat surprisingly, the retail volumes were down on an annual basis- the levels in January 2014 were 6% weaker than in January 2013. The annual comparisons were dismal in respect of average retail client trades per day – they amounted to 411,459, down by 5% year-on-year. And yet, the reading was up by 11% against the December 2013 reading. 
 
Tradeable accounts at the end of last month reached 189,610, a marginal rise of 1,480 accounts (1%) from the preceding month and a rise of 503 accounts from the number seen in January last year. 
 
And now let's take a look at the operating metrics of the institutional segment: the institutional customer trading volume in January 2014 reached massive $184 billion – a rise of 26%  from levels seen in December 2013 and a jump of 59% from the readings recorded in January 2013. We see that this part of FXCM's business is gradually and stably gaining power. 
 
Below you can see the official press release by the broker.
 
 
FXCM Reports Monthly Metrics
 
NEW YORK--(BUSINESS WIRE)-- FXCM Inc. (NYSE:FXCM) today announced certain key operating metrics for January 2014 for its retail and institutional foreign exchange business.
 
January 2014 Retail Trading Metrics
 
Retail customer trading volume of $342 billion in January 2014, 26% higher than December 2013 and 6% lower than January 2013.
Average retail customer trading volume per day of $15.5 billion in January 2014, 14% higher than December 2013 and 6% lower than January 2013.
An average of 411,459 retail client trades per day in January 2014, 11% higher than December 2013 and 5% lower than January 2013.
Tradeable accounts of 189,610 as of January 31, 2014, an increase of 1,480, or 1% from December 31, 2013, and an increase of 503 or 0%, from January, 2013.
 
January 2014 Institutional Trading Metrics
 
Institutional customer trading volume of $184 billion in January 2014, 26% higher than December 2013 and 59% higher than January 2013.
Average institutional trading volume per day of $8.4 billion in January 2014, 15% higher than December 2013 and 58% higher than January 2013.
An average of 38,090 institutional client trades per day in January 2014, 2% lower than December 2013 and 140% higher than January 2013.
 
 

About FXCM Inc.

 
FXCM Inc. (NYSE:FXCM) is a global online provider of foreign exchange (forex) trading and related services to retail and institutional customers world-wide. At the heart of FXCM's client offering is No Dealing Desk forex 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, also offers CFD products with no re-quote trading and allows clients to trade oil, gold, silver and stock indices along with forex on one platform. In addition, FXCM offers educational courses on forex trading and provides free news and market research through DailyFX.com. 
TAGS: fxcm  fxcm forex broker  fxcm us  us forex broker  fxcm volumes  january 2014  january  forex trading  forex trades  forex accounts  operating metrics 

More news about FXCM

Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, IFSC MT4, MT5, Web $10 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, 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