FXCM trading volume continues recovery in June

FXCM trading volume continues recovery in June

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FXCM Group, the remaining UK and Australia-regulated units of Global Brokerage, released a report on its June trading metrics, showing that the recovery that started in May, is continuing. It may not be as spectacular as it was then, but still, the upward trends is visible.

According to the latest data, in June FXCM’s customers traded a total of $223 billion. This is 9% more than May, but 17% less than June 2016. The average daily trading volume in June roes 9% from May, to $10.1 billion. When compared to last June, however, it was 18% lower.

The June average number of client trades (340,308) also rose on monthly basis and dropped on an annual – by 2% and 33%, respectively.

In the end of June 2017, the number of active client accounts (an account that has traded at least once in the previous twelve months and represents total trading accounts for both retail and institutional) was 125,285. Compared to the end of May, the number dropped by 2,957, or 2%. Compared to last June, the drop is even more significant – 6%.

The number of tradeable accounts (an account with sufficient funds to place a trade in accordance with FXCM trading policies) in the end of June reached 109,829, which is 0.5% more than in the end of May.

Along with the June metrics, FXCM Group also released data about the overall performance in the second quarter of 2017. According to the report, the trading volume for the period was $612 billion. This is 10% lower than the first quarter of this year and 27% lower than Q2 2016.

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.

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