Brokers News

Monex Records Hefty Drop in Forex Volumes in First 3-mo of 2014

Apr 03 2014
By Forexbrokerz.com Forexbrokerz.com

Monex Group, the Japanese financial conglomerate behind Forex brokers Monex Inc and TradeStation, today reported its operating metrics for March and, consequently, for the first three months of 2014. Unfortunately, the performance picture remained dismal, with Forex trading volumes falling steeply.

The report shows that the global Forex trading volumes – these comprise metrics from Japan's Monex Inc. and US-based TradeStation, amounted to USD 138.1 billion in the first three months of 2014, down by massive 33% from the USD 206.2 billion recorded in the equivalent period in 2013. The result is indeed dismal, as we have been accustomed to seeing solid annual comparisons, now we encounter a rather dull situation. Global FX volumes in March were also weak at USD 40.5 billion, down from USD 60 billion in March 2013. Global daily average revenue trades (DARTs) also disappointed us, dropping by 15% year-on-year to 340,766 last month.

Let's take a look at the fortunes of Monex Inc – DARTs slid 27% year-on-year in March to 159,201. The sole piece of bright news came in respect to active OTC FX accounts – at the end of last month they were 62,484, which was nearly 19% better than in March 2013. That came at the expense of lower average trade value per day – the JPY 115.2 billion (USD 1.11 billion) reading represented a drop of 9% from the reading seen in March 2013.

Monex is not turning a blind eye to the misfortunes in performance and has undertaken cost-cutting efforts, which however, have been controversial so far. This appears to have influenced the mood of shareholders in the group: yesterday it became clear that ORIX would dispose of its stake in the group by selling it to Shizuoka Bank. The latter is set to become the biggest shareholder in Monex with a stake of 19.54%. Both companies have signed a collaboration agreement and we expect to see some benefits from it – hopefully it will help improve Monex's performance.

You can read the full press release on Monex's March 2014 metrics by clicking on this link.

About Monex Group Inc.

Monex Group Inc is an online securities brokerage providing advanced financial services to individuals and investors. The company is considered a pioneer among Japanese online securities brokers, and its services cover M&A advisory, debt & equity underwriting, asset management focusing on alternative investments, investment education, and other investment banking functions. Monex Group has offices throughout Asia, and the recent acquirement of brokers TradeStation and IBFX opened its way to the US market as well.

TAGS: monex monex group monex forex broker japanese forex broker japan forex forex trading volumes march 2014 march operating metrics performance results tradestation monex inc forex trades forex accounts forex performance darts

More news about Monex

Monex Groups consolidated operating revenue declines 8% y/y in October Nov 24 2015 11:36:38
Japanese forex broker Monex reports 46% fall in trading volumes in October Nov 11 2015 10:27:13
Monex to discontinue Metatrader 4 forex trading platform in Japan Sep 09 2014 10:09:07
Japanese forex brokers Monex and DMM Securities report increased trading volumes for August Sep 04 2014 08:38:18
Monex Group reveals weak results for July Aug 27 2014 08:31:06

Broker	Advantages
	FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.


	XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
	FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
	FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
	FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.
	FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.
	HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage - one of the highest in the industry.
	Exness is a leading forex broker, offering MT4 and MT5 platforms. Traders can take advantage from a true ECN environment and trade on ultra tight spreads, starting from 0 pips.

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

More Forex Brokers News

FC Barcelona and FBS Sign New Global Partnership Agreement

Jan 17 2020 13:05:55

Broker specializing in online trading becomes club’s Official Trading Partner for four years, through 30 June 2024. Read more

FP Markets adds Autochartist to its list of analytical tools

Jan 13 2020 17:56:25

FP Markets, one of the leading brokers in Australia and a trusted global Forex and CFD broker, has added yet another instrument to its long list of trading tools - the Autochartist - an online technical analysis tool which scans the market to provide detailed breakdowns across a wide range of ... Read more

FBS clients grow to over 14 million in 2019

Jan 07 2020 18:15:13

FBS, one of the leading players in the forex industry, published its annual report for 2019, celebrating its 10th birthday and 14 millionth client in some 190 countries around the globe. Read more

#FBS2020: FBS Gives Away Lucky Gift Boxes In A New Year Promo

Dec 09 2019 14:36:59

As many companies out there, FBS broker finishes off its year with a New Year promotion for its clients. At the end of 2019, they are offered to create a fancy Thank You e-card for their loved ones and get a gift box full of nice surprises. Read more

Trip For Pip: FBS To Launch A Quest Game For A Trip To London, Tokyo, Or Dubai

Oct 29 2019 14:09:54

FBS broker starts its new marketing campaign, and it has already attracted many eyeballs on social media. The promotion is called “Trip for Pip,” and it is very engaging for several reasons: a) it’s playable; b) it features a dream trip for two as the main prize. Read more

HYCM tops the list of brokers with highest percentage of winning clients

Oct 23 2019 12:12:59

The importance of choosing a reliable broker is paramount to trading. Most traders have given a serious thought to the security of their investments and these concerns are increasingly common in this highly competitive market. Read more

FXCM expands its crypto offering with CryptoMajor baskets

Oct 14 2019 14:49:01

Major forex broker FXCM Group enhances its CFD offering with the launch of CryptoMajor- cryptocurrency baskets, which will allow its clients to trade in to multiple digital assets in one go. Read more

FXTM Launches 30% Welcome Bonus

Aug 06 2019 13:38:53

As part of FXTM’s mission to provide clients with an exceptional trading experience, the international broker has launched its latest offering – the 30% Welcome Bonus! This promotion, available under Exinity Limited, boosts your account by an extra 30% when you deposit $100... Read more

XM parent actively prepares for the launch of its US brand Trading.com

Jul 03 2019 14:19:28

Trading Point Group, the owner and operator of the XM brand, actively prepares for the future launch of its US brand Trading.com. Read more

FBS Invites 20 Best Partners To a VIP Party

Jul 02 2019 15:04:24

Partner parties is a great way to get to know company’s local promoters and celebrate loyalty, motivation, and cooperation. In 2019, FBS broker launches the FBS Stars contest with a round trip flight to Russia’s second largest city and a VIP party invitation as a prize. Read more

TOP FOREX BROKERS

BINARY OPTIONS BROKERS

LAST COMMENTED

BROKER LISTS

Broker types

Brokers by platform

Brokers by payment options

Brokers by account types

Brokers by spreads

Signals & Social trading

Brokers by country

Brokers by regulation

Gold, oil, options brokers

Other

CRYPTOCURRENCY EXCHANGES

de | cn | ru