Online foreign exchange and CFDs brokerage FXCM has just reported its latest volumes and statistics for the month ending July 2017, which reversed off of a slight uptick seen last month in terms of its of overall metrics.
During July 2017, FXCM’s monthly volumes came in at $197 billion, falling by a margin of 12 percent month-over-month from $223 billion in June 2017. Additionally, retail figures for last month were lower year-over-year, correlating to a drop of 23.0 percent relative to July 2016.
Axia Investments – Take Your Trading to the Next LevelGo to article >>
FXCM’s average daily volume (ADV) for retail customer trading during July 2017 also dropped to $9.4 billion, down 7.0 percent month-over-month than $10.1 billion in June 2017, and incurred a loss of 24 percent year-over-year against July 2016.
FXCM’s retail traders executed an average of 321,923 retail client trades per day in July 2017, shedding 5.0 percent month-over-month from 340,308 client trades in June 2017, and were also lower by 36 percent when weighed against the same month’s figure a year ago.
Finally, FXCM’s active accounts saw a flat change across the monthly interval, reporting 124,116 as of July 31, 2017, a decrease of 1,169, or 0.9 percent from the month prior. The figure reflects a notable drop year-over-year and was lower by 7,525, or 6 percent relative to July 31, 2016.