The brokerage is still witnessing its best months despite the volume drop since March.
Gaitame, a Japanese retail Forex broker, has published its monthly trading volumes for July, showing a total transaction of ¥297.2 billion, over 7.7 percent decline from the previous month’s numbers.
The brokerage reported record volumes for March when the COVID-19-induced market volatility pushed the activities across the trading platforms: Gaitame posted a transaction volume of ¥553.4 billion for the month. Compared to the previous month, which was a jump of 149.4 percent.
However, the numbers continued to fall for the consecutive months, again a trend that was seen across the industry. Though the brokerage saw an uptick in its June volume by 51.4 percent compared to May, the numbers fell against last month.
Retail Trading Demand Is Increasing
On a year-on-year level, Gaitame July 2020’s volume was up by 107.6 percent as total transactions on the platform for the same month last year was ¥143 billion.
Despite the month-on-month decline in the numbers, last month’s volume was only slightly behind Gaitame’s reported volume in March and June, at least since April 2018.
Finance Magnates also reported last month that the Japanese brokerage recorded a 5.9 percent uptick on its volume year-on-year for the first half of 2020, largely dragged by the inflated March’s volumes.
Additionally, the brokerage recorded a healthy increase in on-boarding new clients as it added 1,532 new clients in the month, taking the total accounts to 515,458.
Furthermore, the total deposits amount on the forex Trading Platform were marginally up by 0.8 percent in the month to ¥113.4 billion against ¥112.5 billion in June.
Gaitame, a Japanese retail Forex broker, has published its monthly trading volumes for July, showing a total transaction of ¥297.2 billion, over 7.7 percent decline from the previous month’s numbers.
The brokerage reported record volumes for March when the COVID-19-induced market volatility pushed the activities across the trading platforms: Gaitame posted a transaction volume of ¥553.4 billion for the month. Compared to the previous month, which was a jump of 149.4 percent.
However, the numbers continued to fall for the consecutive months, again a trend that was seen across the industry. Though the brokerage saw an uptick in its June volume by 51.4 percent compared to May, the numbers fell against last month.
Retail Trading Demand Is Increasing
On a year-on-year level, Gaitame July 2020’s volume was up by 107.6 percent as total transactions on the platform for the same month last year was ¥143 billion.
Despite the month-on-month decline in the numbers, last month’s volume was only slightly behind Gaitame’s reported volume in March and June, at least since April 2018.
Finance Magnates also reported last month that the Japanese brokerage recorded a 5.9 percent uptick on its volume year-on-year for the first half of 2020, largely dragged by the inflated March’s volumes.
Additionally, the brokerage recorded a healthy increase in on-boarding new clients as it added 1,532 new clients in the month, taking the total accounts to 515,458.
Furthermore, the total deposits amount on the forex Trading Platform were marginally up by 0.8 percent in the month to ¥113.4 billion against ¥112.5 billion in June.
Arnab is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
Cheetah Fund Investors Lose $9 Million in Alleged Fraudulent Scheme
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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#fmas #fmas24 #fmevents #networking #finance #africa
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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