Monex volume metrics still well below January-June levels, but more than double last year. Monex Group of Japan, a mid-size Japanese forex broker which also owns TradeStation and IBFX in the US, reported September forex trading volumes which rose nicely from slower summer levels, but which were still well below what Monex saw during a…
Read moreFourth month in a row of volume decreases for Monex, after a fast start to the year. It is probably just a summer slowdown, similar to the 27% decline in August volumes seen at GMO Click, but a fourth consecutive month of volume declines at Monex Group are potentially worrying. The mid-sized Japan forex…
Read moreThird month in a row of volume decreases for Monex, after a fast start to the year. In Japan, it seems as though the large are getting larger, while the small are struggling in the forex industry. Retail forex broker Monex has reported its July volumes, and they are down 38% from June. Monex July…
Read moreJapan's Forex sector is on fire, driving record trading volumes and financial results for forex brokers. Monex Group of Japan, a mid-size Japanese forex broker which also owns TradeStation and IBFX in the US, reported Q2 results today which, as expected, showed healthy gains across the board in revenues, net profit, and client assets. Monex…
Read moreAs larger rival GMO Click continues to set records, Monex volumes are down 23% from April levels. In Japan, it seems as though the large are getting larger, while the small are struggling in the forex industry. Retail forex broker Monex has reported its June volumes, and they are down 14% from May, which in…
Read moreBut in perspective, May's dip to $48 billion comes after Monex had its best-ever month in April. Mid-size Japanese retail forex broker Monex Group reported that its May FX volumes dropped by 11%, to ¥216 billion per day (which works out to about $48 billion in volume for the month). Monex had its best-ever month in…
Read moreFirst broker outside the UK to offer Tradable apps trading to clients. Tradable's trading apps store continues to roll. After we earlier reported that two FSA-regulated brokers, Tradenext and SVSFX, became the first brokers to support Tradable apps, now comes official word (see press release below) that Monex of Japan will be rolling out Tradable…
Read moreOne of the first Pacific Rim FX brokerage firms to expand abroad. As a correction to our previous story regarding Monex Japan, it was actually Monex Indonesia, another (unrelated) mid-sized Forex brokerage firm, which received its CySEC 'CIF' license to begin Forex trading operations out of Cyprus. (Our apologies to our friends at the Monex…
Read moreCyprus crisis -- What crisis??? FX brokers continue to look to operate out of Cyprus. [Correction dated May 1, 2013. As per our updated article, it was not Monex of Japan, but rather Monex of Indonesia -- an unrelated retail FX broker -- which received CySEC licensing. To see the corrected article click here]. LeapRate…
Read moreJapan's retail Forex brokers are having a hard time duplicating January and February's great start to the year. Monex Group, a mid-size Japanese retail FX broker, announced that March volumes came in at ¥126,613 million per day (about $30 billion in monthly volume), down about 28% from February's $41 billion in monthly volume. Still, one of…
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