Retail FX broker FXCM continued its strong start to 2018, although March wasn’t quite as good as January or February.
FXCM reported client trading volumes of $210 billion for March 2018, 12% below February’s $239 billion.
Keeping in mind, however, that January and February were FXCM’s best months since the February 2017 crisis which saw FXCM exit the US FX business, and its longtime CEO Drew Niv leave the company.
For Q1 overall, FXCM totaled $699 billion of FX trading volumes, or an average of $233 billion per month. In all of 2017 FXCM averaged $207 billion monthly.
Last month saw FXCM rebrand and change up its logo, adding in effective controlling shareholder Leucadia’s name into the FXCM brand logo.
In terms of figures for March 2018 at FXCM:
- Customer trading volume of $210 billion in March 2018, 12% lower than February 2018 and 7% lower than March 2017.
- Average customer trading volume per day of $9.5 billion in March 2018, 21% lower than February 2018 and 3% lower than March 2017.
- An average of 374,947 client trades per day in March 2018, 10% lower than February 2018 and 3% lower than March 2017.
- Active accounts of 110,895 as of March 31, 2018, a decrease of 1,459, or 1%, from February 28, 2018, and a decrease of 19,937, or 15%, from March 31, 2017.
- Tradeable accounts of 96,056 as of March 31, 2018, an increase of 1,255, or 1%, from February 28, 2018, and a decrease of 13,024, or 12%, from March 31, 2017.
- Customer trading volume for the first quarter 2018 was $699 billion, 20% higher than the fourth quarter 2017, and 3% higher than the first quarter 2017.