FXCM’s June Customer Trading Metrics Show Overall Decline in Volumes

FXCM Group, an international provider of online FX and CFD trading, has published its monthly customer trading metrics report for June 2018 today. Despite some sections seeing month-on-month and annual growth, June’s figures showed an overall declining trend.

This year, June had 21 trading days, compared to May’s 23 and the absence of the two extra days can certainly be felt in the report. For the month ending June 30, 2018 customer trading volume was $202 billion. This was a decline of five percent from May’s volumes and nine percent lower than the same period in 2017.

The average customer trading volume per day was $9.6 billion during June. This figure is four percent higher than May 2018 but five percent lower than June 2017.

Investors made an average of 344,195 trades per day. This was the only figure for June to see a year-on-year increase, albeit small, coming in at one percent. Nonetheless, June’s performance was still lackluster when compared to May.

Active accounts in June also saw a decline of one percent from May, coming in at 109,225. This is a decrease of 16,060 accounts or 13 percent from June 30, 2017.

Similarly, tradeable accounts also saw a decline in volume. As of June 30, 2018, FXCM has 95,101 accounts, which is 538 or 0.6 percent less than May 31, 2018. Looking at the yearly change, June’s 2018 number was a significant 13 percent less than June 2017.

The trend continues

The quarterly volumes follow in a similar pattern. For the second quarter of 2018, customer trading volume was $598 billion, 14 percent lower than the first quarter of 2018, and two percent lower than the second quarter of 2017.

Although the results show an obvious decline for June, FXCM reminds in its statement that its operational data is preliminary and subject to revision. It adds that the results in no way reflect the financial performance of the FXCM Group.

FXCM was founded in 1999 and provides FX and CFD trading, as well as spread betting and related services such as educational courses on FX trading. Investors can access the company’s products online and via mobile devices.