Leading retail forex broker FXCM (NYSE:FXCM) reported its October trading volume metrics alongside its Q3 financial results – more on that later – and even given the healthy volumes we’re seeing from other top FX brokers, FXCM’s are eye popping.
All-important retail volumes at FXCM topped $500 billion for the first time, coming in at $509 billion for October. That’s 23% above FXCM’s best ever month previously, which was of course September. And September retail volumes were 38% above August, to put some more perspective on it.
Institutional volumes didn’t disappoint either, coming in at $393 billion, another record for FXCM.