FXCM has recently published its performance metrics for November 2011 as it pertains to both retail Forex traders and institutional trading. We weren't at all surprised to see that the company's trading volume is higher than October 2011, and we question whether this has anything to do with the fact that FXCM recently launched its mobile trading platform which enables traders to trade more comfortably. The company's November metrics were largely unsurprising, though we are always happy to see the positive growth of reliable Forex brokerages. If you trade with FXCM or are considering testing out this brokerage, you may be interested to see how their clientele and trade volume expands on a monthly basis.
Retail Trading Metrics
- Retail customer trading volume was $345 billion in November 2011. This trade volume is 2% higher than the company's trade volume in October 2011 and 7% higher than the comparable number in November 2010.
- The average retail customer trading volume per day was $15.7 billion in November 2011, which is 3% lower than the volume in October 2011 and 7% higher than the company's retail customer trade volume in November 2010.
- FXCM executed an average of 452,268 retail client trades per day in November 2011, which is 2% lower than October 2011 and 31% higher than November 2010.
- As of November 30, 2011, FXCM held 192,772 tradable accounts, representing the increase of 1,197 account since October 2011. This increase is 12,783 accounts which is 7% more accounts than the company held in November 2010.
Institutional Trading Metrics
- Institutional customer trading volume was $151 billion in November 2011, which is 13% lower than October 2011 and 108% higher than FXCM's institutional trade volume in November 2010.
- FXCM's average institutional trading volume per day in November 2011 was $6.9 billion which is 17% lower than the company's institutional daily trade volume in October 2011 and 108% higher than it was in November 2010.
- An average of 30,011 institutional client traded daily with FXCM in November 2011 which is 31% lower than October 2011 and 521% higher than the same metric in November 2010.