Analysis: FXCM Remains in the Top 5 in 2017

Wednesday, 14/03/2018 | 12:43 GMT by Sylwester Majewski
  • With 118,000 active accounts in Q4, FXCM was the second biggest retail FX broker outside of Japan.
Analysis: FXCM Remains in the Top 5 in 2017
FM

The last quarter of 2017 did not change the position of FXCM as sitting among the biggest non-Japanese retail FX brokers in the world. With an average volume of $194 billion, the Leucadia-owned company remained in 5th position in the Finance Magnates QIR 4 volume rankings.

While some may argue that the broker is far from the position it used to hold, when we take into account the overall situation and pressure from competitors, Q4 actually looked relatively good for FXCM.

While it could not avoid one UK-based CFD broker jumping ahead of it in the rankings, it managed to finish the year ahead of its longtime US rival. With 118,000 active accounts in Q4, it was still the second biggest retail FX broker outside of Japan, according to Finance Magnates Intelligence data.

Recently FXCM unveiled a new brand identity, showing the familiar FXCM sign with the added phrase 'a Leucadia company'. The new brand is the result of the loan agreement between FXCM and Leucadia National in January 2015.

At the time, the brokerage received a $300 million two-year loan. The addition of Leucadia to the logo of the firm is aimed at boosting its corporate image, especially in the institutional sector where it is well recognized.

In a comment to Finance Magnates, an FXCM spokeswoman said: “Beginning in January 2015, through a series of transactions, Leucadia has become the majority economic owner of FXCM. FXCM has benefited from the scale and breadth of the Leucadia family of companies since then and now Leucadia is present in the company’s brand identity. Firmly committed to FXCM’s success, our customers, employees and stakeholders benefit greatly from the Leucadia affiliation.”

The last quarter of 2017 did not change the position of FXCM as sitting among the biggest non-Japanese retail FX brokers in the world. With an average volume of $194 billion, the Leucadia-owned company remained in 5th position in the Finance Magnates QIR 4 volume rankings.

While some may argue that the broker is far from the position it used to hold, when we take into account the overall situation and pressure from competitors, Q4 actually looked relatively good for FXCM.

While it could not avoid one UK-based CFD broker jumping ahead of it in the rankings, it managed to finish the year ahead of its longtime US rival. With 118,000 active accounts in Q4, it was still the second biggest retail FX broker outside of Japan, according to Finance Magnates Intelligence data.

Recently FXCM unveiled a new brand identity, showing the familiar FXCM sign with the added phrase 'a Leucadia company'. The new brand is the result of the loan agreement between FXCM and Leucadia National in January 2015.

At the time, the brokerage received a $300 million two-year loan. The addition of Leucadia to the logo of the firm is aimed at boosting its corporate image, especially in the institutional sector where it is well recognized.

In a comment to Finance Magnates, an FXCM spokeswoman said: “Beginning in January 2015, through a series of transactions, Leucadia has become the majority economic owner of FXCM. FXCM has benefited from the scale and breadth of the Leucadia family of companies since then and now Leucadia is present in the company’s brand identity. Firmly committed to FXCM’s success, our customers, employees and stakeholders benefit greatly from the Leucadia affiliation.”

About the Author: Sylwester Majewski
Sylwester Majewski
  • 124 Articles
  • 14 Followers
About the Author: Sylwester Majewski
A graduate of the Warsaw School of Economics, Sylwester received an MA specializing in finance and banking. As Finance Magnates' research associate and STA certified analyst, he leaves no stone unturned. Sylwester is the previous minority partner of an NFA registered US forex broker, and since 2003, has participated in many forex projects.
  • 124 Articles
  • 14 Followers

More from the Author

Retail FX

!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}