de | cn | ru

Brokers News

FXCM reports second highest retail trading volume ever in January

FXCM Inc. (NYSE:FXCM) today announced certain key operating metrics for January 2015 for its retail and institutional foreign exchange business.
 
January 2015 Retail Trading Metrics
 
 - Retail customer trading volume(1)* of $450 billion in January 2015, 3% higher than December 2014 and 32% higher than January 2014.
 
 - Average retail customer trading volume(1)* per day of $21.4 billion in January 2015, 2% higher than December 2014 and 38% higher than January 2014.
 
 - An average of 662,080 retail client trades per day in January 2015, 11% higher than December 2014 and 61% higher than January 2014.
 
 - Tradeable accounts(2) of 223,079 as of January 31, 2015, a decrease of 7,500, or 3% from December 31, 2014, and an increase of 33,469 or 18%, from January, 2014.
 
January 2015 Institutional Trading Metrics
 
 - Institutional customer trading volume(1) of $255 billion in January 2015, 21% lower than December 2014 and 39% higher than January 2014.
 
 - Average institutional trading volume(1) per day of $12.1 billion in January 2015, 21% lower than December 2014 and 44% higher than January 2014.
 
 - An average of 35,734 institutional client trades per day in January 2015, 19% lower than December 2014 and 6% lower than January 2014.
 
"While it was a challenging month for FXCM due to the unprecedented movement of the Swiss Franc on January 15th and the resulting negative balances of a number of our clients, we were able to generate our second best month ever on the retail side and FXCM is back in a solid competitive position with approximately $1 billion in client equity and over 223,000 accounts worldwide," said Drew Niv, President and CEO of FXCM. "For the first week of February, we are now receiving net inflows of client funds."
 
"Our institutional business was affected somewhat in the month by the events of the 15th as a number of our institutional customers' prime brokers initially disconnected from FXCM. However, I am pleased to say that all but one of the numerous prime brokers used by our institutional clients are back with FXCM and we remain optimistic that this business is on course to return to the growth it was experiencing before the events of the 15th."
 
More information, including historical results for each of the above metrics, can be found on the investor relations page of the Company's corporate web site, www.fxcm.com.
 
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, www.fxcm.com.
 
(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.
 
* Volume generated by retail clients with negative balances due to the SNB announcement on January 15th, 2015 is excluded from volume.

 

TAGS: fxcm  trading volumes  trading metrics  retail volume  institutional volume 

More news about FXCM

Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
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

FBS wins ‘Best Copy Trading Application Global-2018’ award

Oct 05 2018 16:22:13

The prestigious “Best Copy Trade Application 2018 Global” award went to FSB  for their innovative CopyTrade platform. Read more

de | cn | ru