FXCM reports steady March FX volumes

FXCM, the world’s largest retail FX brokerage (and a member of LeapRate’s Approved List of Forex firms) reported its March volumes were fairly steady — retail down 2% from February (and up 8% from March last year), and institutional up 27% from February and more than double last March’s volumes.

FXCM’s results have increased importance, in our view, as FXCM is the best proxy for overall global trading volumes in the online FX business. It is the only brokerage with significant volumes in the each of the world’s three major markets — Europe, the U.S. and Japan — as well as a healthy and growing institutional business, which had its second-best-ever month in March.

For more on the global FX market see the LeapRate Dow Jones Forex Industry Report.

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