GMO Click beats Monex to become largest FX broker in Japan

GMO Click beats Monex to become largest FX broker in Japan

- in All News, Forex Brokers
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GMO Click Holdings Inc. (TYO:7177) becomes the largest Japanese broker in terms of market capitalization, outshining its Japanese competitor Monex Group Inc. (TYO:8698) .

Two weeks ago we made a detailed comparison of largest forex brokers in terms of market capitalization, as most FX brokerage companies are listed on the stock exchange.

Comparing our FX Market Cap Chart and the data on stock market exchanges today, we found GMO Click has moved one place up to No 5. 

Here is our up-to-date FX Market Cap Chart:

FX Broker Market Cap (in billions dollars)  

Change %

March 21, 2016 April 1, 2016
1.Interactive Brokers 16.27 16.0 -1.2
2. IG Group 4.35 4.18 -3.9
3. Plus 500 1.16 1.14 -1.7
4. CMC Markets 1.08 1.01 -6.5
5. GMO Click 0.77 0.74 -3.9
6. Monex Group 0.80 0.70 -12.5
7. Gain Capital (Forex.com) 0.36 0.32 -11.1
8. Money Partners Group 0.23 0.24 4.3
9. KVB Kunlun 0,21 N/A
10. FXCM 0.06 0,06 0

Most companies register decrease in total dollar market value of their shares in the last two weeks, and Monex Group’s is 12.5% down, which enabled the swap of places with GMO Click. Actually, Monex Group’s stock prices have dropped down by 13.6%, from JPY 316.00 on March 22 to JPY 273.00 on April 1.

What is more, CMC Markets Plc (LON:CMCX),  and Plus 500 Ltd. (LON:PLUS)  have also swapped places and the latter regained its position at No 3. A week ago the CMC Markets outshined its UK-based competitor and is still breathing down its neck with less than 3% difference in terms of market cap.

US-based Interactive Brokers Group, Inc. (NASDAQ:IBKR) has retained its position as the largest forex brokers in terms of market capitalization, as its total dollar market value of Interactive Brokers Group, Inc.’s shares came in at 16 billion on  the 1st of April.

What is more, we have included KVB Kunlun Financial Group Limited (HKG:8077) in our FX Market Cap Chart at No 9, as it market capitalization is currently estimated at HKG 1.65 or USD 0,21 billion.

Established in Hong Kong, nowadays the KVB Kunlun group has global reach with offices in Toronto, Auckland, Sydney, Melbourne and Hong Kong. In 2015 KVB Kunlun generated a consolidated forex income of HKD 406.8 million, and group’s leveraged and other trading income jumped by 138% compared to the previous year.

Currently the best market cap performer among Japanese FX brokers listed on the stock exchange, GMO Click Holdings Inc. (TYO:7177), is a financial holding company, established in 2012. Its consolidated total assets as of the end of 2015 were JPY 450.9 billion. And its subsidiary GMO Click Securities is the world’s largest forex broker in terms of trading volumes in February 2016. It offers online trading in forex, CFDs and precious metals. It also provides various financial instruments to retail investors.

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