FXCM Group, the remeaining UK and Australia-regulated units of Global Brokerage, reported that the trading volume of its customers in May stood at $213 billion. This is 21% higher than April’s, but 21% less than last May. The figures include both the retail and the institutional business of FXCM Group.
The average customer trading volume per day in May was $9.3 billion – 6% higher than April and 24% lower than May 2016. At the same time, the average number of client trades per day dropped 4% from April, to 334 536. The figures is 32% than May last year.
The number of active retail and institutional accounts (an account that has traded at least once in the previous twelve months) remained nearly unchanged: 128 242 – around 1% less than in April 2017 and 4% less than May 2016.
The number of tradable accounts (an account with sufficient funds to place a trade in accordance with FXCM trading policies) increased by barely 412 from April, but dropped by 5882 from last May.
FXCM Group includes the FCA and ASIC-regulated units of Global Brokerage, after the closure of FXCM US in February. The brokerage offers trading in forex and CFDs both to retail and institutional clients, on several types of accounts. The trading platforms for retail clients are the popular MetaTrader 4 and FXCM’s proprietary TradingStation.