ASIC regulated Retail Forex broker IC Markets has announced today that it registered a record month for FX trading volumes in July 2017, at USD $313 billion.
The company also hit a daily volume record of USD $21 billion on the 21st of July, as the USD slid to its lowest level in over a year.
Some key stats released by IC Markets:
- July 2017 Volume US$313 Billion
- July Average Daily Volume US$14.9 Billion
- Q2 2017 Average Monthly Volume US$236 Billion
Sydney-based IC Markets does not usually report its monthly volumes – last time was for March 2017 when IC reported a then-best $234 billion, and before that November 2016 at $188 billion.
According to IC Markets’ Managing Director Andrew Budzinski:
Reaching over 300 billion USD in volume is a remarkable milestone. We expect these numbers to continue to grow in the coming months as we focus on client acquisition and retention.