March retail FX trading volumes: GMO Click Securities remains on top

March retail FX trading volumes: GMO Click Securities remains on top

GMO Click Securities, part of Japanese brokerage group GMO Click Holdings, continues to lead the forex brokers market in terms of highest retail trading volume for March 2016, despite posting a significant drop of 24.5% and falling below $1 trillion. The Japanese broker generated a trading volume of JPY 108.85 trillion, or about $998 billion, which is several times higher than that of the second in the list, US-based Forex Capital Markets, or FXCM.

FXCM also saw its trading volume declining by a monthly 6% (rather moderate compared to the leader) to $291 billion in last month. The figure represents a drop on an annual basis, as well, of 11%. All brokers kept their ranking, despite dynamic results.

The statistics is based on the latest reports of the key market players and does not include the metrics of UK forex brokers, including IG Group, Plus500, CMC Markets, Oanda, among others, since they do not publish such data.

FX Prime, another unit of GMO Click group, maintained its position as the broker with the highest trading volume growth on a monthly basis, posting a value 118.2% higher to JPY 7.7 trillion, or about $70.6 billion, in March. A month earlier, FX Prime saw a growth of 32%. The only other broker that saw its March retail trading volumes up over the month was Exness, a forex brokerage regulated in Cyprus and Belize.

The rest of the brokers posted declines from 1.9% to 34%. Monex Group, another Japanese brokerage, was the one with the highest drop in retail trading volume last month, both on a monthly an annual basis of 34% and 31%, respectively.

Retail forex accountsRetail forex trading volume
March 2016m/m changeMarch 2016February 2016m/m changey/y change
GMO Click Securities436,199-0.7%$998 billion
(JPY 108.85 trillion)
$1.28 trillion
(JPY 144.3 trillion)
– 24.5%N/A
FXCM175,736*+0.1%$291 billion$309 billion-6%-11%
Gain Capital 136,559*– 5.0%$266.7 billion$276.3 billion-3.5%-19.5%
Saxo BankN/AN/A$254 billion$259 billion-1.9%+1.6%
Exness33,449**+ 9.9%$197.9 billion$192.4 million+ 2.9%+1.5%
FX Prime168,449-0.4%$70.6 billion
(JPY 7.7 trillion)
$148.8 billion
(JPY 16.8 trillion)
+118.2%N/A
Monex GroupN/AN/A$28.3 billion$42.9 billion-34%-31%
Money Partners Group275,538-0.5%70.2 billion
(in account base currencies)
96.3 billion
(in account base currencies)
-27.1%-25.3%

*indicates active accounts
** indicates new accounts

Meanwhile, some other brokers that offer forex, but specialize in stocks and futures as well,  posted daily average revenue trades (DARTs), or the daily number of transactions that generate revenue, for last month, instead of trading volumes. All of them saw a double-digit decline from the previous month.

The highest DARTs value for March of 658,000 was reported by US-based Interactive Brokers, which is 14% lower than in February. The broker was the only one to post an annual growth of 3%.

DARTS

m/m change

y/y change

Interactive Brokers

658,000

-14%

+3%

Monex Group

288,349

-18.6%

-10.4%

Monex Inc.

176,106

-18.9%

-10.2%

TradeStation Group

112,769

-18.3%

-10.5%

($=109.28 Japanese yen)


Leave a Reply

Your email address will not be published. Required fields are marked *