As larger rival GMO Click continues to set records, Monex volumes are down 23% from April levels.

In Japan, it seems as though the large are getting larger, while the small are struggling in the forex industry. Retail forex broker Monex has reported its June volumes, and they are down 14% from May, which in turn were down 11% from April. Monex June volumes came in at ¥186.5 billion per day, which translates to $42 billion for the month.

Monex set its all time high for volumes in April at $54 billion, and has seen volumes drop since by about 23%, while Japan forex market leader GMO Click continues to grow. As we reported earlier, GMO set an all time high for a retail forex broker in June, topping $1 trillion in monthly volumes.

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