FXCM November metrics rise MoM, YoY

December 14, 2016

Major US forex broker FXCM reported that its November trading metrics have risen both from October and from November last year.

According to the company statement, the retail customer trading volume reached $353 billion. This is 16% higher than October, when it was $305 billion, and 18% higher than November 2015. The daily retail trading volume averaged $16.1 billion –11% higher than October 2016 and 13% higher than last November. 

FXCM's retail customers made an average of 613 233 trades per day, which is a 14% increase from October and 26% rise from November 2015. 

The number of active accounts (an account that has traded at least once in the previous 12 months) as of November 30, 2016 was 179 432. This is 1483 (1%) more than in the last day of October, but 473 (0.3%) less than on November 30, 2015. 

The number of tradeable accounts (an account with sufficient funds to place a trade in accordance with FXCM trading policies) in November also rose and stood at 155 928, or 1% more than October. When compared to last November, however, it dropped 3%. 

FXCM Pro, the institutional arm of FXCM, also reported improved November metrics. The total monthly volume stood at $28 billion, which is 17% higher than October. In comparison to last November, however, it posted a 32% drop. The average daily institutional trading volume was $1.3 billion – 18% higher than October and 35% lower than November. 

In November FXCM's institutional clients made an average of 35 712 trades per day. The number represents a 5% decrease from October 2016 and 12% increase from last November. 

The FXCM Group is 50.1% majority owned by FXCM Inc. The rest of the group moved to the hands of Leucadia National Corporation as part of an agreement the two companies signed to amend the conditions of their credit letter agreements.

Forex Capital Markets is one of the few brokers who still operate in the US. It is a registered Futures Commission Merchant (FCM) and Retail Foreign Exchange Dealer (RFED) with the US Commodity Futures Trading Commission (CFTC). It has units registered and regulated with the relevant authorities in the US, the UK, Australia, and France. The broker offers forex, CFDs, and spread betting services.

Earlier this month FXCM's main competitor on the US forex market, Gain Capital, whose major brand is Forex.com, also reported improved November metrics.

Publication source
FXCM information  FXCM reviews

February 20, 2017
Santa's lottery winners received the prizes
On the 1st of February Grand Capital held a lucky draw, where the 18 winners from 10 countries were determined. We now present the pictures of some of the lucky winners receiving the prizes. Some winners personally came to Grand Capital regional offices to receive the prizes...
February 17, 2017
Grand Capital weekly recap
The best results of the past trading week. Read and compare the results with yours...
February 16, 2017
New possibilities with FIBO Group: trading account in gold
FIBO Group is glad to announce that now you can choose gold as a basic currency of your trading account. Gold is one of the most stable actives, so by converting your deposit into GLD you gain confidence and safety from negative factors of economic or political instability...

EXNESS Rating
OctaFX Rating
Fort Financial Services Rating
FXCM Rating
Vantage FX Rating
FIBO Group Rating

First Binary Option Service Rating
Porter Finance Rating
OptionFair Rating
OptionBit Rating
24option Rating
365BinaryOption Rating