Do not invest more money than you can afford to lose.
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not include the metrics of UK forex brokers, including IG Group, Plus500, CMC Markets, Oanda, among others, since they do not publish such data.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 accounts | Retail forex trading volume | |||||
| March 2016 | m/m change | March 2016 | February 2016 | m/m change | y/y change | |
| GMO Click Securities | 436,199 | -0.7% | $998 billion (JPY 108.85 trillion) | $1.28 trillion (JPY 144.3 trillion) | – 24.5% | N/A |
| FXCM | 175,736* | +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 Bank | N/A | N/A | $254 billion | $259 billion | -1.9% | +1.6% |
| Exness | 33,449** | + 9.9% | $197.9 billion | $192.4 million | + 2.9% | +1.5% |
| FX Prime | 168,449 | -0.4% | $70.6 billion (JPY 7.7 trillion) | $148.8 billion (JPY 16.8 trillion) | +118.2% | N/A |
| Monex Group | N/A | N/A | $28.3 billion | $42.9 billion | -34% | -31% |
| Money Partners Group | 275,538 | -0.5% | 70.2 billion (in account base currencies) | 96.3 billion (in account base currencies) | -27.1% | -25.3% |
*indicates active accounts
** indicates new accounts
Meanwhile, some other brokers that offer forex, but specialize in stocks and futures as well, posted daily average revenue trades (DARTs), or the daily number of transactions that generate revenue, for last month, instead of trading volumes. All of them saw a double-digit decline from the previous month.
The highest DARTs value for March of 658,000 was reported by US-based Interactive Brokers, which is 14% lower than in February. The broker was the only one to post an annual growth of 3%.
DARTS | m/m change | y/y change | |
Interactive Brokers | 658,000 | -14% | +3% |
Monex Group | 288,349 | -18.6% | -10.4% |
Monex Inc. | 176,106 | -18.9% | -10.2% |
TradeStation Group | 112,769 | -18.3% | -10.5% |
($=109.28 Japanese yen)
