Retail FX broker FXCM continued its strong start to 2018, reporting overall FX trading volumes of $239 billion. That ranks just 4% below January’s $250 billion, but given that February had fewer trading days than January (20 versus 22), February’s $12.0 billion average daily volume was actually 5% above January.
Keeping in mind, that January 2018 was FXCM’s best month since the February 2017 crisis which saw FXCM exit the US FX business, and its longtime CEO Drew Niv leave the company.
February 2018 also 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 February 2018 at FXCM:
- Customer trading volume of $239 billion in February 2018, 4% lower than January 2018 and 19% higher than February 2017.
- Average customer trading volume per day of $12.0 billion in February 2018, 5% higher than January 2018 and 20% higher than February 2017.
- An average of 415,479 client trades per day in February 2018, 18% higher than January 2018 and 2% higher than February 2017.
- Active accounts of 112,354 as of February 28, 2018, a decrease of 2,539, or 2%, from January 31, 2018, and a decrease of 18,164, or 14%, from February 28, 2017.
- Tradeable accounts of 94,801 as of February 28, 2018, a decrease of 422, or 0.4%, from January 31, 2018, and a decrease of 14,332, or 13%, from February 28, 2017.