Foreign exchange and CFDs brokerage FXCM Group has just reported its operating statistics for the month ending November 2017, which were able to recover off recent lows with upbeat volumes ultimately helping a rebound from last month’s dim figures.
During November 2017, FXCM’s monthly volumes came in at USD218 billion, up 14 percent month-over-month from
$192 billion in October 2017. However, retail figures for last month were lower year-over-year, correlating to a drop of 30.0 percent relative to November 2016. The latest figure is the first monthly advance after two monthly declines in a row.
FXCM’s average daily volume (ADV) for retail customer trading during November 2017 was also pointed higher to $9.9 billion, up 14.0 percent month-over-month from $8.7 billion in October 2017, but again incurred a loss of 30 percent year-over-year against November 2016.
FXCM’s retail traders executed an average of 336,465 retail client trades per day in November 2017, rising 11.0 percent month-over-month from 304,032 client trades in October 2017. This is, however, lower by 37 percent year-on-year.
Meanwhile, FXCM’s active accounts saw a notable fall across the monthly interval, reporting f 118,449 as of November 3, 2017, a decrease of 2,870, or 2.0 percent from 121,319 the month prior. In addition, the figure reflects a bigger drop year-over-year and was lower by 9,353, or 9 percent relative to the same date a year back.
First Appear on: Financemagnates