Foreign exchange and CFDs brokerage FXCM Group has just reported its operating statistics for the month ending February 2018, which were mostly able to maintain recent positive momentum from last month’s healthy figures.
During February 2018, FXCM’s monthly volumes came in at $239 billion, down 4 percent month-over-month from $250 billion in January 2018. However, retail figures for last month were higher year-over-year, correlating to a 19 percent increase relative to February 2017.
The FBS CopyTrade Team Presents a New 'FBS CopyStar' ContestGo to article >>
FXCM’s average daily volume (ADV) for retail customer trading during February 2018 was pointed higher to $12 billion, up 5 percent month-over-month from $11.4 billion in January 2018. The figure was also higher by 20 percent year-over-year against $12 billion in February 2017.
FXCM’s retail traders executed an average of 415,479 retail client trades per day in February 2018, rising 18.0 percent month-over-month from 352,867 client trades in January 2018. This is also higher by percent year-on-year.
Meanwhile, FXCM’s active accounts saw another fall across the monthly interval, reporting 112,354 as of February 31, 2018, a decrease of 2,539, or 2 percent from 114,893 the month prior. In addition, the figure reflects a bigger drop year-over-year and was lower by 18,164, or 18 percent relative to the same date a year back.