Another record month for Retail forex volumes at FXCM.
The good news from leading forex industry brokers just keep on coming…. Leading retail forex firm FXCM, the world’s largest online global FX broker (and a member of LeapRate’s Approved List of regulated FX brokerage firms), announced that June trading activity came in a total of $580 billion — $396 billion in FXCM’s retail business (up 1% from May), another all-time record for FXCM, and $184 billion in FXCM’s institutional FX business, down 4% from May.
FXCM’s total June volumes of $580 billion came in just short of May’s $581 billion record.
FXCM now has a lot of dry powder to grow even further, after FXCM raised $172 million in its first major notes offering, which closed last month. We expect a good portion of FXCM’s now-free bank lines to be targeted toward acquisitions, in the fast growing Asia Pacific region, Europe and elsewhere.
For the complete FXCM press release detailing June volumes click here.
For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.