Monthly Retail Forex Volume report for June, 2009
Every month I'll be preparing a report with a volume survey of as many retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term brokers as possible. The report I released in May estimated the total daily volume at over $105B. June's report estimates it at $128B, the increase is mainly due to several more brokers being added to the list.
The largest retail Forex Broker Forex Broker In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencies.The retail forex industry has grown over the past two decades to include every major jurisdiction, which in turn has necessitated new regulatory oversight. Relative to the institutional sector, retail brokers are rather small portion of the greater forex market. However, traders can rely on brokers for leveraged trading in a 24-hour-a-day marke In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencies.The retail forex industry has grown over the past two decades to include every major jurisdiction, which in turn has necessitated new regulatory oversight. Relative to the institutional sector, retail brokers are rather small portion of the greater forex market. However, traders can rely on brokers for leveraged trading in a 24-hour-a-day marke Read this Term, as you probably already know, is FXCM with Oanda coming in second. It looks like FXCM’s world Forex domination is all but complete and all that is left for others is the competition for 2nd and 3rd places. Good luck Oanda, Gaitame, Gain, Saxo and GFT.
Several major differences from the previous survey: Oanda was upgraded to reflect its volume more accurately (though their exact numbers are very hard to find), Gaitame the leading Japanese firm was added and FXOpen a leader in Middle East and Asia was added as well. Avafx was downgraded to reflect its known volume and Easy Forex was added.
The numbers were officially, and to some extent unofficially, released by the brokers themselves or are educated estimations based on industry rumored figures:
The figures are incomplete as some brokers such as FXDD, FX Solutions and CMS simply don’t report or disclose their numbers.
Moreover, it's important to note that is very hard, if at all possible, to discern the retail trading volume (individual traders) and institutional trading volume as they are typically jointly reported by the brokers. Therefore, these numbers might reflect some institutional trading volume as well.
Every month I'll be preparing a report with a volume survey of as many retail Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term brokers as possible. The report I released in May estimated the total daily volume at over $105B. June's report estimates it at $128B, the increase is mainly due to several more brokers being added to the list.
The largest retail Forex Broker Forex Broker In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencies.The retail forex industry has grown over the past two decades to include every major jurisdiction, which in turn has necessitated new regulatory oversight. Relative to the institutional sector, retail brokers are rather small portion of the greater forex market. However, traders can rely on brokers for leveraged trading in a 24-hour-a-day marke In the forex space, a broker is any company that can provide traders with access to a platform that permits the buying and selling of multiple currencies.The retail forex industry has grown over the past two decades to include every major jurisdiction, which in turn has necessitated new regulatory oversight. Relative to the institutional sector, retail brokers are rather small portion of the greater forex market. However, traders can rely on brokers for leveraged trading in a 24-hour-a-day marke Read this Term, as you probably already know, is FXCM with Oanda coming in second. It looks like FXCM’s world Forex domination is all but complete and all that is left for others is the competition for 2nd and 3rd places. Good luck Oanda, Gaitame, Gain, Saxo and GFT.
Several major differences from the previous survey: Oanda was upgraded to reflect its volume more accurately (though their exact numbers are very hard to find), Gaitame the leading Japanese firm was added and FXOpen a leader in Middle East and Asia was added as well. Avafx was downgraded to reflect its known volume and Easy Forex was added.
The numbers were officially, and to some extent unofficially, released by the brokers themselves or are educated estimations based on industry rumored figures:
The figures are incomplete as some brokers such as FXDD, FX Solutions and CMS simply don’t report or disclose their numbers.
Moreover, it's important to note that is very hard, if at all possible, to discern the retail trading volume (individual traders) and institutional trading volume as they are typically jointly reported by the brokers. Therefore, these numbers might reflect some institutional trading volume as well.