Forex

Brokers News

FXCM's net revenues down 34.8% in Q3 2015

FXCM Inc., a leading forex broker, yesterday announced its Q3 financial results and October customer trading metrics. FXCM's net revenues from continuing operations in Q3 2015 is $59.6 million, down 34.8% from $91.4 million for the quarter ended September 30, 2014. However net revenues for the first nine months of 2015 are still 34.5% higher than the same period of last year.

 

FXCM Q3 2015 Highlights:

 
  - U.S. GAAP net revenues from continuing operations of $59.6 million
  - U.S. GAAP net income attributable to FXCM Inc. from continuing operations of $64.3 million or $12.10(1) per fully diluted share, including a $137.6 million gain on derivative liability
  - U.S. GAAP net revenues from discontinued operations of $14.8 million
  - U.S. GAAP net income attributable to FXCM Inc. from discontinued operations of $9.3 million or $1.76(1)  per fully diluted share
  - Adjusted EBITDA from continuing and discontinued operations of $5.2 million
  - Strong combined operating cash position of $254.3 million and regulatory surplus of $85.1 million at September 30, 2015
 
 FXCM vs. GAIN Capital - Q3 2015
 
 FXCM's largest competitor GAIN Capital announced Q3 results a couple of days ago. Below  is a comparison of a few financial indicators:
 
  FXCM GAIN Capital
Net Revenue $59.6 million $127.9 million
Net Income $64.3 million $7.8 million
Adjusted EBITDA $5.2 million $29.8 million

 

 
 

 

FXCM October 2015 Customer Trading Metrics from Continuing Operations (2):

 
  - Retail customer trading volume(3) of $335 billion in October 2015, 3% higher than September 2015 and 25% lower than October 2014.
  - Institutional customer trading volume(3) of $34 billion in October 2015, 28% lower than September 2015 and 63% lower than October 2014.
 
 
 
FXCM October 2015 Customer Trading Metrics from Continuing Operations (2)
 
Retail Customer Trading Metrics
 
  - Retail customer trading volume(3) of $335 billion in October 2015, 3% higher than September 2015 and 25% lower than October 2014.
  - Average retail customer trading volume(3) per day of $15.2 billion in October 2015, 3% higher than September 2015 and 22% lower than October 2014.
  - An average of 513,724 retail client trades per day in October 2015, 9% lower than September 2015 and 3% lower than October 2014.
  - Active accounts(4) of  178,273 as of October 31, 2015, a decrease of  1,848, or 1%, from September 2015, and an increase of 17,222, or 11%, from October 2014. 
  - Tradeable accounts(5) of  161,085 as of October 31, 2015, an increase of  735, or 0.5%, from September 2015, and a decrease of 16,891, or 9%, from October 2014.   
 
 
Institutional Customer Trading Metrics
 
  - Institutional customer trading volume(3) of $34 billion in October 2015, 28% lower than September 2015 and 63% lower than October 2014.
  - Average institutional trading volume(3) per day of $1.6 billion in October 2015, 24% lower than September 2015 and 59% lower than October 2014.
  - An average of 28,590 institutional client trades per day in October 2015, 4% lower than September 2015 and 104% higher than October 2014.
 
 
(1) Earnings per share have been adjusted to reflect the impact of the one-for-ten reverse stock split of the Corporation's issued and outstanding Class A common stock that became effective on October 1, 2015.

(2) Customer Trading Metrics from Continuing Operations excludes discontinued operations of FXCM Japan and FXCM Hong Kong.

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

(4) An Active Account represents an account that has traded at least once in the previous twelve months.

(5) A Tradeable Account is an account with sufficient funds to place a trade in accordance with FXCM trading policies.
 
 
About FXCM Inc.
 
FXCM Inc. (NYSE:FXCM) is a leading provider of online foreign exchange (FX) trading, CFD trading, spread betting and related services. Our mission is to provide global traders with access to the world's largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market.
 
Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. In addition, FXCM offers educational courses on FX trading and provides free news and market research through DailyFX.com.
 
TAGS: fxcm  revenues  financial results  q3 2015  customer trading metrics 

More news about FXCM

Broker Country Regulation Platform Min Deposit Review
Cyprus CySec MT4, MT5, Web $5 Review Website
UK, Australia FCA, ASIC MT4, Web,
Mirror Trader,
Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
PrimeTrader
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, Web $100 Review Website
UK, Australia, Singapore FCA, ASIC, MAS, BaFin MT4, Web,
ProRealTime,
2Dealer
$0 Review Website
UK, Cyprus FCA, CySec MT4, MT5 $5 Review Website
UK, Cyprus FCA, CySEC MT4, MT5,
cTrader,
SuperTrader,
FxPro Markets
$100 Review Website
Cyprus CySEC MT4, MT5,
cTrader
$300 Review Website
Belize IFSC MT4, MT5 $100 Review Website
UK, Cyprus, Bulgaria FCA, CySec, FSC Web $150 Review Website
Seychelles FinaCom MT4 $10 Review Website
Belize IFSC MT4, Web $500 Review Website
Cyprus CySEC MT4, Web $25 Review Website
Belize IFSC MT4, MT5, Web $1 Review Website
Cyprus CySec MT4, Web, Gwasy $100 Review Website

More Forex Brokers News

FXTM becomes a sponsor of rookie IndyCar driver Ed Jones

May 26 2017 12:42:01

Unlike most forex and binary options brokers that ink sponsorship deals with football teams, FXTM is into more adrenaline-driven sports. The broker today announced yet another sponsorship agreement– with rookie IndyCar driver Ed Jones. Read more

FXChoice comes up with a new loyalty programme, Pips+

May 25 2017 07:13:15

As a part of its continuous effort to update its services and offer better trading conditions, forex broker FXChoice launches of Pips+, its new loyalty programme. Pips+ is designed to reward the most active traders by reducing their trading costs up to $1.5 per standard lot on EUR/USD. Read more

ThinkMarkets buys mobile app Trade Interceptor

May 23 2017 11:21:40

Leading global brokerage ThinkMarkets announced on Tuesday it has acquired Trade Interceptor, which currently is one the world’s fastest growing mobile trading apps. Read more

Forex

Spain’s CNMV warns against non-regulated TradeV, among other brokerages

May 22 2017 14:30:34

Spain’s financial watchdog, the Comision Nacional del Mercado de Valores (CNMV), has issued warnings against TradeV (tradev.com), and several other unregulated forex and binary options brokers. Namely, these are TorOption (toroption.com), OptionCM (option-cm.com), 53Option (53option. Read more

Forex.com to launch affiliate program

May 17 2017 07:51:31

Gain Capital, the largest forex broker on the US market, announced the launch of new affiliate program, called GAIN Affiliates. This is a performance based program offered to affiliate partners of multiple retail trading brands of Gain Capital - CityIndex & Finspreads first, and Forex. Read more

Global Brokerage announces poor financial metrics for Q1, will probably delist from the Nasdaq

May 16 2017 08:01:39

Global Brokerage, Inc. (formerly FXCM Inc.) released on Tuesday poor financial metrics for Q1 of 2017, which are hardly surprising after the company’s dramatic exit from the US market. Read more

Windsor Brokers adds CFDs on currencies and metals to product portfolio

May 15 2017 11:53:07

Windsor Brokers, a Cyprus-regulated forex and CFD broker, announced previous week that it launches CFDs on currency futures and metals to its MetaTrader 4 account. Read more

IG starts offering retail IPOs on investment platform

May 04 2017 13:40:53

IG, one of the largest forex, CFD and spread betting (UK only) brokers said it starts offering retail IPOs on its Investment Platform. Read more

IG changes margin requirements, tiering structure

May 03 2017 08:37:26

IG, one of the largest forex, CFD and spread betting (UK only) brokers, informed its clients that it is lowering the margin requirements on some of the tradable instruments in its portfolio – the Japan 225 index, spot gold and some forex pairs. Read more

easyMarkets’ proprietary platform now available as mobile app

Apr 26 2017 13:57:53

As trading on the go becomes increasingly popular among traders, easyMarkets, a global forex broker regulated in Cyprus and Australia, announced the launch of its new mobile app on Wednesday. Read more

Forex