Do not invest more money than you can afford to lose.
The Financial Futures Association of Japan (FFAJ) reported on Wednesday the combined trading volume of forex and binary options brokers in Japan posted a monthly drop in December.
The combined December over-the-counter (OTC) forex volumes of Japanese brokers fell 14.7% on the month to JPY 452.4 trillion and that from on-exchange forex trading dropped 27.4% to JPY 3.6%. Binary options brokers had a total trading volume of JPY 41 billion last month, which is 5.5% lower than the preceding month.
Year-on-year, trading volumes declined 14.7% in the binary options segment. Last month’s exchange-traded forex volume also posted a 6.3% annual decline, but in OTC forex segment things looked a little different – brokers reported a 27.5% annual growth.
FFAJ also provided information about accounts. There were 11,125 active binary option client accounts at the end of December, compared to 13,703 in January (the strongest month in 2016).
The Japanese regulator also reported a drop in the volumes of the USD/JPY, the most traded currency pair in Japan. In the binary options segment the monthly drop was rather low of 2.1% to nearly JPY 19.3 billion, but in the forex segment USD/JPY trading volume was 15.3% lower on the month to JPY 430.1 trillion.
Overall, both forex and binary option brokers closed 2016 rather poorly, compared to how they entered it. H1 was the more successful half of the year for such brokers. For monthly data about brokers’ trading metrics in Japan follows:
Forex | Binary Options | ||||||
Trading volume | Number of brokers | Trading volume | Accounts | Number of brokers | |||
Over-The-Counter | On-Exchange | Existing | Active | ||||
Jan | 532.32 trl | 4.76 trl | 53 | 62.06 bn | 337,932 | 13,703 | 8 |
Feb | 593.97 trl | 4.85 trl | 53 | 51.65 bn | 339,997 | 13,656 | 8 |
Mar | 439.89 trl | 3.72trl | 53 | 40.35 bn | 341,946 | 12,786 | 8 |
Apr | 416.41 trl | 3.17trl | 52 | 36.48 bn | 343,455 | 12,225 | 8 |
May | 365.99 trl | 3.14trl | 52 | 30.40 bn | 344,396 | 11,880 | 7 |
June | 429.31 trl | 4.73trl | 52 | 41.04 bn | 346,292 | 12,676 | 7 |
July | 454.35 trl | 3.40trl | 52 | 44.59 bn | 348,508 | 11,873 | 7 |
Aug | 313.53 trl | 2.52trl | 53 | 35.15 bn | 350,123 | 11,194 | 7 |
Sept | 352.46 trl | 3.18 trl | 53 | 37.84 bn | 352,151 | 11,905 | 7 |
Oct | 313.68 trl | 3.36 trl | 53 | 32.82 bn | 355,023 | 10,980 | 7 |
Nov | 530.25 trl | 4.96 trl | 53 | 43.4 bn | 356,916 | 11,929 | 7 |
Dec | 452.4 tr | 3.6 tr | 53 | 41.0 bn | 358,699 | 11,125 | 7 |