FXCM’s Trading Volumes Hit New Yearly Lows in April 2018

FXCM’s monthly volumes came in at $184 billion, falling by a margin of 12 ‎percent month-over-month.

Foreign exchange and CFDs brokerage FXCM Group has just reported its operating statistics for the month ending April 2018, which were unable to match the metrics of March, ultimately showing a renewed decline month-over-month.

During April 2018, FXCM’s monthly volumes came in at $184 billion, falling by a margin of 12 percent month-over-month from $210 billion in March 2018. Additionally, the latest figure is the worst in 2018, totaling a nearly 26.0 percent drop from the year’s peak set earlier in January at $250 billion.

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The retail figures for last month, however, were higher year-over-year, correlating to an increase of 4.5 percent relative to $176 billion in April 2017.

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FXCM’s average daily volume (ADV) for retail customer trading during April 2018 was also pointed lower to $8.7 billion, down 8.0 percent month-over-month from $9.5 billion in March 2018, and incurred a loss of 1 percent year-over-year against $8.8 billion in April 2017.

FXCM’s retail traders executed an average of 340,354 retail client trades per day in April 2018, shedding 9.0 percent month-over-month from 374,947 client trades in March 2018. This was also lower by 2 percent year-on-year from 347,500 trades in 2017.

Meanwhile, FXCM’s active accounts saw another fall across the monthly interval, reporting 110,434 as of April 30, 2018, a decrease of 461, or 0.4 percent from 110,895 the month prior. In addition, the figure reflects a notable drop year-over-year and was lower by 18,932, or 15 percent relative to the same date a year back.

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