Monex Japan FX volumes drop 11% in May

Posted by on in News
  • Font size: Larger Smaller
  • Hits: 426
  • Print

But in perspective, May's dip to $48 billion comes after Monex had its best-ever month in April.

Monex Group, Monex Japan, Monex fx, japan forex, retail fx, fx tradingMid-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 April at $54 billion. Nevertheless, larger rival GMO Click continued to show growth in May, coming in at a whopping (and record-setting) $950 billion in FX volume.

Monex, Monex Group, Monex Japan, Japan forex, japan fx, fx trading, trade forex

Monex has been taking some innovative steps to try and play catch-up with the larger Japanese FX brokers, such as GMO Click and DMM. It recently became the first Japan FX broker to offer clients the alternative of trading with the Tradable app store.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

fx brokers, forex brokers, trade forex, fx trading, avafx, axitrader, fxcm, alpari, swissquote, mig bank, FXCM, FXDD, FxPro



  • No comments made yet. Be the first to submit a comment

Leave your comment

Guest Thursday, 24 April 2014

Stay Informed

Get LeapRate's Daily FX Research Email