Release details

2018-07-04 12:30 CEST
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FXCM Group Reports Monthly Metrics

LONDON, July 04, 2018 (GLOBE NEWSWIRE) -- FXCM Group, LLC ("FXCM Group" or "FXCM"), a leading international provider of online foreign exchange trading, CFD trading, spread betting and related services, today announced certain key customer trading metrics for June 2018 for its retail and institutional foreign exchange business.

June 2018 Customer Trading Metrics from Continuing Operations:

  • Customer trading volume (1) of $202 billion in June 2018, 5% lower than May 2018 and 9% lower than June 2017.
  • Average customer trading volume (1) per day of $9.6 billion in June 2018, 4% higher than May 2018 and 5% lower than June 2017.
  • An average of 344,195 client trades per day in June 2018, 1% lower than May 2018 and 1% higher than June 2017.
  • Active accounts (2) of 109,225 as of June 30, 2018, a decrease of 1,074, or 1%, from May 31, 2018, and a decrease of 16,060, or 13%, from June 30, 2017. 
  • Tradeable accounts (3) of 95,101 as of June 30, 2018, a decrease of 538, or 0.6%, from May 31, 2018, and a decrease of 14,728, or 13%, from June 30, 2017.
  • Customer trading volume (1) for the second quarter 2018 was $598 billion, 14% lower than the first quarter 2018, and 2% lower than the second quarter 2017.

This operating data is preliminary and subject to revision and should not be taken as an indication of the financial performance of FXCM Group. FXCM undertakes no obligation to publicly update or review previously reported operating data. Any updates to previously reported operating data will be reflected in the historical operating data that can be found on the Company's corporate website www.fxcm.com/uk.

(1) Volume that FXCM customers traded in period is translated into US dollars.
(2) An Active Account represents an account that has traded at least once in the previous twelve months and represents total trading accounts for both retail and institutional.

(3) A Tradeable Account is an account with sufficient funds to place a trade in accordance with FXCM trading policies.

Continuing Operations

  18-Jan 18-Feb 18-Mar 18-Apr 18-May 18-Jun
Trading Days in Period   22   20   22   21   23   21
Active Accounts (1),(5)     114,893     112,354     110,895     110,434     110,299     109,225
Tradeable Accounts (2)     95,223     94,801     96,056     95,903     95,639     95,101
Daily Average Trades - Customers     352,867     415,479     374,947     340,354     347,138     344,195
Total Customer Trading Volume (in Billions US$ Equivalent) (3)     250     239     210     184     212     202
Average Customer Trading Volume per Day (in Billions US$ Equivalent) (3) $   11.4 $   12.0 $   9.5 $   8.7 $   9.2 $   9.6
18-Jul 18-Aug 18-Sep 18-Oct 18-Nov 18-Dec
Trading Days in Period   22   23   20   23   22   20
Active Accounts (1),(5)     -      -      -      -      -      - 
Tradeable Accounts (2)     -      -      -      -      -      - 
Daily Average Trades - Customers     -      -      -      -      -      - 
Total Customer Trading Volume (in Billions US$ Equivalent) (3)     -      -      -      -      -      - 
Average Customer Trading Volume per Day (in Billions US$ Equivalent) (3) $   -  $   -  $   -  $   -  $   -  $   - 

Continuing Operations
  17-Jan 17-Feb 17-Mar 17-Apr 17-May 17-Jun
Trading Days in Period   21   20   23   20   23   22
Active Accounts - Ex FXCM US LLC (1),(5)     132,096     130,518     130,832     129,366     128,242     125,285
Active Accounts - FXCM US LLC (1),(5)     46,794     45,427     -      -      -      - 
Active Accounts (1),(5)     178,890     175,945     130,832     129,366     128,242     125,285
Tradeable Accounts - Ex FXCM US LLC (2)     106,206     109,133     109,080     108,883     109,295     109,829
Tradeable Accounts - FXCM US LLC (2)     50,611     143     -      -      -      - 
Tradeable Accounts (2)     156,817     109,276     109,080     108,883     109,295     109,829
Daily Average Trades - Customers - Ex FXCM US LLC     488,917     408,446     387,815     347,500     334,536     340,308
Daily Average Trades - Customers - FXCM US LLC     113,684     73,316     3     -      -      - 
Daily Average Trades - Customers     602,602     481,761     387,818     347,500     334,536     340,308
Total Customer Trading Volume (in Billions US$ Equivalent) - Ex FXCM US LLC (3)     253     201     225     176     213     223
Total Customer Trading Volume (in Billions US$ Equivalent) - FXCM US LLC (3) $   62 $   38 $   0 $   -  $   -  $   - 
Total Customer Trading Volume (in Billions US$ Equivalent) (3) $   315 $   239 $   225 $   176 $   213 $   223
Average Customer Trading Volume per Day (in Billions US$ Equivalent) - Ex FXCM US LLC (3) $   12.0 $   10.1 $   9.8 $   8.8 $   9.3 $   10.1
Average Customer Trading Volume per Day (in Billions US$ Equivalent) - FXCM US LLC (3) $   2.9 $   1.9 $   0.0 $   -  $   -  $   - 
Average Customer Trading Volume per Day (in Billions US$ Equivalent) (3) $   15.0 $   11.9 $   9.8 $   8.8 $   9.3 $   10.1
             
17-Jul 17-Aug Sep-17(6) Oct-17(7) Nov-17(8) 17-Dec
Trading Days in Period   21   23   21   22   22   20
Active Accounts - Ex FXCM US LLC (1),(5)     124,116     123,411     122,806     121,319     118,449     116,262
Active Accounts - FXCM US LLC (1),(5)     -      -      -      -      -      - 
Active Accounts (1),(5)     124,116     123,411     122,806     121,319     118,449     116,262
Tradeable Accounts - Ex FXCM US LLC (2)     109,838     109,441     104,356     104,120     96,550     95,939
Tradeable Accounts - FXCM US LLC (2)     -      -      -      -      -      - 
Tradeable Accounts (2)     109,838     109,441     104,356     104,120     96,550     95,939
Daily Average Trades - Customers - Ex FXCM US LLC     321,923     339,512     334,086     304,032     336,465     299,332
Daily Average Trades - Customers - FXCM US LLC     -      -      -      -      -      - 
Daily Average Trades - Customers     321,923     339,512     334,086     304,032     336,465     299,332
Total Customer Trading Volume (in Billions US$ Equivalent) - Ex FXCM US LLC (3)     197     223     196     192     218     171
Total Customer Trading Volume (in Billions US$ Equivalent) - FXCM US LLC (3) $   -  $   -  $   -  $   -  $   -  $   - 
Total Customer Trading Volume (in Billions US$ Equivalent) (3) $   197 $   223 $   196 $   192 $   218 $   171
Average Customer Trading Volume per Day (in Billions US$ Equivalent) - Ex FXCM US LLC (3) $   9.4 $   9.7 $   9.3 $   8.7 $   9.9 $   8.6
Average Customer Trading Volume per Day (in Billions US$ Equivalent) - FXCM US LLC (3) $   -  $   -  $   -  $   -  $   -  $   - 
Average Customer Trading Volume per Day (in Billions US$ Equivalent) (3) $   9.4 $   9.7 $   9.3 $   8.7 $   9.9 $   8.6

Continuing Operations
  16-Jan 16-Feb 16-Mar 16-Apr 16-May 16-Jun
Trading Days in Period   20   21   23   21   22   22
Active Accounts - Ex FXCM US LLC (1),(5)     130,837     133,354     132,734     133,035     133,383     133,412
Active Accounts - FXCM US LLC (1),(5)     41,363     42,454     43,273     44,036     44,756     45,253
Active Accounts (1),(5)     172,200     175,808     176,007     177,071     178,139     178,665
Tradeable Accounts - Ex FXCM US LLC (2)     109,093     111,278     112,708     113,705     115,177     115,982
Tradeable Accounts - FXCM US LLC (2)     53,543     54,001     54,656     55,463     55,673     55,525
Tradeable Accounts (2)     162,636     165,279     167,364     169,168     170,850     171,507
Daily Average Trades - Customers - Ex FXCM US LLC     598,424     576,345     504,069     523,385     491,144     505,934
Daily Average Trades - Customers - FXCM US LLC     131,791     128,315     111,605     115,111     105,165     115,001
Daily Average Trades - Customers     730,215     704,660     615,674     638,496     596,309     620,934
Total Customer Trading Volume (in Billions US$ Equivalent) - Ex FXCM US LLC (3) $   305 $   299 $   313 $   300 $   271 $   270
Total Customer Trading Volume (in Billions US$ Equivalent) - FXCM US LLC (3) $   62 $   63 $   61 $   61 $   59 $   62
Total Customer Trading Volume (in Billions US$ Equivalent) (3) $   367 $   362 $   375 $   361 $   330 $   332
Average Customer Trading Volume per Day (in Billions US$ Equivalent) - Ex FXCM US LLC (3) $   15.2 $   14.3 $   13.6 $   14.3 $   12.3 $   12.3
Average Customer Trading Volume per Day (in Billions US$ Equivalent) - FXCM US LLC (3) $   3.1 $   3.0 $   2.7 $   2.9 $   2.7 $   2.8
Average Customer Trading Volume per Day (in Billions US$ Equivalent) (3) $   18.4 $   17.2 $   16.3 $   17.2 $   15.0 $   15.1
 
16-Jul 16-Aug Sep-16(4) 16-Oct 16-Nov 16-Dec
Trading Days in Period   21   23   22   21   22   21
Active Accounts - Ex FXCM US LLC (1),(5)     131,641     131,067     132,113     132,283     133,138     132,524
Active Accounts - FXCM US LLC (1),(5)     45,183     44,816     45,834     45,795     46,420     46,378
Active Accounts (1),(5)     176,824     175,883     177,947     178,078     179,558     178,902
Tradeable Accounts - Ex FXCM US LLC (2)     116,405     119,032     105,500     105,749     105,903     105,582
Tradeable Accounts - FXCM US LLC (2)     55,264     54,416     49,567     49,237     50,025     49,771
Tradeable Accounts (2)     171,669     173,448     155,067     154,986     155,928     155,353
Daily Average Trades - Customers - Ex FXCM US LLC     503,479     436,116     504,103     477,914     538,144     426,394
Daily Average Trades - Customers - FXCM US LLC     115,135     95,470     100,295     97,893     110,801     92,866
Daily Average Trades - Customers     618,614     531,586     604,398     575,807     648,945     519,260
Total Customer Trading Volume (in Billions US$ Equivalent) - Ex FXCM US LLC (3) $   257 $   241 $   291 $   272 $   311 $   214
Total Customer Trading Volume (in Billions US$ Equivalent) - FXCM US LLC (3) $   65 $   54 $   62 $   57 $   70 $   46
Total Customer Trading Volume (in Billions US$ Equivalent) (3) $   322 $   295 $   353 $   329 $   381 $   260
Average Customer Trading Volume per Day (in Billions US$ Equivalent) - Ex FXCM US LLC (3) $   12.3 $   10.5 $   13.2 $   13.0 $   14.2 $   10.2
Average Customer Trading Volume per Day (in Billions US$ Equivalent) - FXCM US LLC (3) $   3.1 $   2.3 $   2.8 $   2.7 $   3.2 $   2.2
Average Customer Trading Volume per Day (in Billions US$ Equivalent) (3) $   15.4 $   12.8 $   16.0 $   15.6 $   17.3 $   12.4

(1) An Active Account represents an account that has traded at least once in the previous 12 months.                        
(2) A Tradeable Account is an account with sufficient funds to place a trade in accordance with FXCM trading policies.                        
(3) Volume that FXCM customer traded in period translated into US dollars.                        
(4) During September 2016, the Company charged a dormancy fee to clients resulting in a number of accounts no longer qualifying as tradeable.  
(5) Active Accounts represent total trading accounts not only retail accounts.  
(6) During September 2017, the Company charged a dormancy fee to clients resulting in a number of accounts no longer qualifying as tradeable.  
(7) During October 2017, the Company charged a dormancy fee to clients resulting in a number of accounts no longer qualifying as tradeable.  
(8) During November 2017, the Company charged a dormancy fee to clients resulting in a number of accounts no longer qualifying as tradeable.  
   
This operating data is preliminary and subject to revision and should not be taken as an indication of the financial performance of FXCM Group, LLC.   
Data is for FXCM Group, LLC.  

About FXCM:

FXCM is a leading provider of online foreign exchange (FX) trading, CFD trading, spread betting and related services. Founded in 1999, the company's mission is to provide global traders with access to the world's largest and most liquid market by offering innovative trading tools, hiring excellent trading educators, meeting strict financial standards and striving for the best online trading experience in the market. Clients have the advantage of mobile trading, one-click order execution and trading from real-time charts. In addition, FXCM offers educational courses on FX trading and provides trading tools, proprietary data and premium resources. FXCM Pro provides retail brokers, small hedge funds and emerging market banks access to wholesale execution and liquidity, while providing high and medium frequency funds access to prime brokerage services via FXCM Prime. FXCM is a Leucadia Company.

FXCM Group is a holding company of Forex Capital Markets Limited, inclusive of all EU branches (FXCM UK), FXCM Australia Pty. Limited (FXCM AU), and all affiliates of aforementioned firms, or other firms under the FXCM group of companies [collectively "FXCM"].

Trading foreign exchange and CFDs on margin carries a high level of risk, which may result in losses that could exceed your deposits, therefore may not be suitable for all investors. Read full disclaimer.

Jaclyn Sales, 646-432-2463
Vice-President, Corporate Communications
jsales@fxcm.com 

HUG#2203072