FXCM, a leading online provider of Forex trading and related services, has just released its August volume metrics and they look good.
Excluding trading volumes from FXCM Japan and FXCM Hong Kong which FXCM Inc. sold to Japanese broker Rakuten Securities in 2014, retail clients traded a total of $329 billion last month, which is higher by 4 per cent in nominal terms when compared to July 2015 and 10% higher than August 2014. The average daily volumes (ADV) were 14 per cent higher relative to the previous month coming in at $15.7 billion per day.
The number of trades which customers of FXCM executed rose 11 per cent to a total of 594,294, 51 per cent higher than in August last year. Active accounts increased by 1 percent or 1,145 to 180,722 as of August 31st 2015, 1 per cent than August 2014.
Trading volume from institutional clients totaled $47 billion for the month of August, 27 per cent higher than the previous month and 20 per cent lower than a year ago. When it came to ADVs, institutional clients of FXCM Inc. generated $2.3 billion in August, which is 44 per cent higher than in July and 18 per cent lower when compared to a year ago. The total trading figures for institutional clients of FXCM Inc. came in at 34,957 trades per day, marking an increase of 18 per cent from July and 117 per cent when compared to August 2014.
Institutional clients of FastMatch became direct customers of FastMatch as of July 2015 and FXCM has had to adjust the figures to reflect the changes.
The above numbers show significant company expansion and growth in a relatively short time. They should allay concerns generated by recent Wall Street difficulties and provide investors with a perfect opportunity to jump in when prices are still low.