FXCM’s Trading Volumes Show Strong Rebound in January 2018‎

This figure was most upbeat in over 12 months and corresponded to a ‎healthy rebound.

Foreign exchange and CFDs brokerage FXCM Group has just reported its operating statistics for the month ending January 2018, which were able to recover from recent lows with upbeat volumes ultimately helping a rebound from last month’s dim figures.

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During January 2018, FXCM’s monthly volumes came in at $250 billion, up 46 percent month-over-month from $171 billion in December 2017. However, retail figures for last month were lower year-over-year, correlating to a slight drop of 1 percent relative to January 2017.

Volatility on FX markets has spiked in January after comments from the US Treasury secretary about the weakness of the US dollar sent the buck tumbling and volumes rising.

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January’s figure was most upbeat in over 12 months and corresponded to a healthy rebound as December’s reading was the worst in 2017, with trading volumes totaling a nearly 24.0 percent drop from the 2017 peak set earlier in August at $223 billion.

FXCM’s average daily volume (ADV) for retail customer trading during January 2018 was also pointed higher to $11.4 billion, up 27.0 percent month-over-month from $8.6 billion in December 2017, but again incurred a loss of 5 percent year-over-year against $12 billion in January 2017.

FXCM’s retail traders executed an average of 352,867 retail client trades per day in January 2018, rising 18.0 percent month-over-month from ‎299,332 ‎client trades in December 2017. This is, however, lower by 28 percent year-on-year.

Meanwhile, FXCM’s active accounts saw another fall across the monthly interval, reporting 114,893 as of January 31, 2018, a decrease of 1,369, or 1 percent from ‎116,262‎ the month prior. In addition, the figure reflects a bigger drop year-over-year and was lower by 10,983, or 10 percent relative to the same date a year back.

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