Foreign exchange and CFDs brokerage FXCM Group has just reported its operating statistics for the month ending December 2017, which were unable to match the strong metrics of November, ultimately showing a renewed decline month-over-month.
During December 2017, FXCM’s monthly volumes came in at $171 billion, falling by a margin of 22 percent month-over-month from $218 billion in November 2017. Additionally, retail figures for last month were lower year-over-year, correlating to a drop of 20.0 percent relative to December 2016. The latest figure is the worst in 2017, totaling a nearly 24.0 percent drop from the year’s peak set earlier in August at $223 billion.
FXCM’s average daily volume (ADV) for retail customer trading during December 2017 was also pointed lower to $8.6 billion, down 13.0 percent month-over-month from $9.9 billion in November 2017, and incurred a loss of 16 percent year-over-year against December 2016.
FXCM’s retail traders executed an average of 299,332 retail client trades per day in December 2017, shedding 11.0 percent month-over-month from 336,465 client trades in November 2017. This is lower by 30 percent year-on-year.
Meanwhile, FXCM’s active accounts saw another fall across the monthly interval, reporting 116,262 as of December 31, 2017, a decrease of 2,187, or 2 percent from 118,449 the month prior. In addition, the figure reflects a notable drop year-over-year and was lower by 16,262, or 12 percent relative to the same date a year back.
Source: Finance Magnates
Jr Trader Alexander Kumanov
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