Forex Magnates Q3 2011 Retail Forex Volume Survey – FXCM world's largest forex broker
As every quarter Forex Magnates is conducting its retail forex market volume survey as part of the Quarterly Forex Industry
As every quarter Forex Magnates is conducting its retail forex market volume survey as part of the Quarterly Forex Industry Report. Below is an excerpt of survey which shows that outside Japan volumes have grown by 5.1% while including Japan they dropped 2.9%. Global retail forex volume is now $219 Billion daily and $4824 Billion monthly.
The drop in Japan is attributed to the second leverage reduction (from max 1:50 to max 1:25) enacted this summer. Thanks to drop in Japanese volumes and slowdown of Saxo Bank, FXCM has become world’s largest retail forex broker overthrowing Gaitame which until now used to be world’s largest. This position may be temporary as Japanese volumes are expected to rebound however we will only see this in fourth quarter of 2011.Β Alpari is the fastest growing broker in this market and has leaped to 4th place among Western brokers and 7th among global (including Japan).
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Full data is found in the Q3 2011 report.
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| Monthly | Daily | |
| FXCM | 321 | 14.6 |
| Saxo Bank | 232 | 10.5 |
| GFT | 200 | 9.1 |
| Alpari | 192 | 8.7 |
| Gain (forex.com) | 161 | 7.3 |
| IG Group | 160 | 7.3 |
| Oanda | 150 | 6.8 |
| FXDD | 100 | 4.5 |
| FXPro | 98 | 4.5 |
| Forex Club | 80 | 3.6 |
| FXOpen | ||
| Dukascopy | ||
| Ava FX | ||
| MIG | ||
| Interactive Brokers | ||
| CMC | ||
| FX Solutions | ||
| AC Markets/Swissquote | ||
| Interbank FX | ||
| City Index | ||
| London Capital Group | ||
| MB Trading | ||
| Citi FXPro | ||
| iForex | ||
| Advanced Markets | ||
| PFG Best | ||
| HY Markets | ||
| XTB | ||
| MF Global | ||
| Easy Forex | ||
| Barclays FX | ||
| markets.com | ||
| 4xp (ForexPlace) | ||
| thinkorswim | ||
| GoMarkets | ||
| Axis | ||
| xforex/Askobid | ||
| bforex | ||
| ActivTrades | ||
| City Credit Capital | ||
| Tradestation Forex | ||
| Deltastock | ||
| Pepperstone | ||
| Russian Brokers* | ||
| South Korean Brokers | ||
| Japanese Brokers | ||
| 500 small brokers | ||
| Total | 4824 | 219 |
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Interactive Brokers doing less than, i.e. ForexClub? They must have lots of FX flow from clients trading in foreign securities alone..
a busy week indeed π
a busy week indeed π
Interactive Brokers doing less than, i.e. ForexClub? They must have lots of FX flow from clients trading in foreign securities alone..
Oanda has the biggest fx obligations according to CFTC report published on this website on October 11. At the same time they are more than twice less than FXCM by trading volume. Isn’t that odd?
Oanda has the biggest fx obligations according to CFTC report published on this website on October 11. At the same time they are more than twice less than FXCM by trading volume. Isn’t that odd?
its only US regulated brokers
its only US regulated brokers