GAIN Capital has released its final monthly trading volumes announcement for the year 2015 on Monday and the numbers are quite remarkable. As a result, the company’s stock prices increased by 3.78% yesterday.
The company has apparently managed to recover from November’s lowered levels. According to the metrics shown, GAIN Capital recorded an increase of 15.2 % in its foreign exchange and contract for differences OTC retail business in December (compared to the previous month), netting average daily volume (ADV) of 12.6 billion, with the total for the month coming in at $276.9 billion, which is higher by 20.7 % from November and which forms an increase of 17.3%, compared to the same period a year earlier.
The number of active OTC trading accounts handled by the broker decreased month-on-month to 146,977; however, it remained considerably higher when compared to December 2014. The average daily number of futures contracts traded through the platforms of GAIN Capital (NYSE: GCAP) totaled 33,181, which is higher by 17.0 % than in November 2015 and by 7.0 % than in December 2014.
The company’s CEO Glenn Stevens attributed the good performance of GAIN Capital during the fourth quarter to volatility of the market, stating: “As a result of increased volatility in key currency pairs and commodities markets in the latter half of Q4 2015, GAIN’s retail revenue per million tracked to our pro forma trailing twelve-month level of $98, with retail volume generated from the indirect business representing 50% of total OTC trading volume in the quarter.”
US-based GAIN Capital offers innovative trading technology and execution services worldwide, the services being provided to the retail market through its brands, the most popular of which is Forex.com. The company is the second largest forex broker in the US in terms of client deposits (after FXCM). According to the latest data published by the US Commodity Futures Trading Commission (CFTC), GAIN Capital’s retail forex clients had combined assets worth $136.6 million in November 2015, way ahead of the next in line, IBFX, (having $51.6 million in client assets).
GAIN Capital outshines a lot of other brokers because they handle institutional and individual traders on separate sites. For institutions, the GAIN Capital's GTX platform offers great service, deep liquidity and low spreads. Similarly, Forex.com offers the lower costs and great educational resources that many individual traders are looking for.
| Broker | Country | Regulation | Platform | Min Deposit | Review |
|
Cyprus, UK, Mauritius | CySec, FCA, FSC | MT4, MT5, Web | $10 | Review Website |
|
Cyprus, SVG | CySEC | MT5, Web, cTrader |
$100 | Review Website |
|
Australia, Cyprus | ASIC, CySEC | MT4, MT5, Iress | $100 | Review Website |
|
Cyprus, Australia | CySec, ASIC | MT4, MT5 | $5 | Review Website |
|
UK, Australia, South Africa | FCA, ASIC, FSCA | 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 |
|
UK | FCA | MT5 | $5 | Review Website |
|
UK | FCA | MT4, Web, MT4 for Mac |
$100 | Review Website |
|
Australia, UK | ASIC, FCA | MT4, MT5, cTrader |
$200 | Review Website |
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