FXCM reports record volumes in April and nice Q1 results

FXCM reports record volumes explained by professional Forex trading experts the “FXCM reports record volumes” FX trading team.

FXCM reports record volumes

Well if you’re a retail FX broker big or small, and you’re not banging out record trading volumes during 2013, then something is wrong.

Leading retail FX firm FXCM, the world’s largest online FX broker (and a member of LeapRate’s Approved List of global FX brokerage firms), announced its April trading activity levels as well as Q1-2012 results, with both impressing. April volumes totaled $549 billion at FXCM — besting October 2011’s $513 billion by a nice margin. Retail volumes came in at $366 billion, and institutional volumes at $183 billion, again a record for FXCM (see chart below).

On the financial side of things, FXCM reported for Q1:

its best-ever quarterly revenues at $122.9 million, up 14% from Q4,
EBITDA of $43.8 million, up 47% from Q4,
Net income of $17.5 million, up more than 80% from Q4.

To be honest, we were expecting the nice financial results, after already knowing FXCM’s volumes for the quarter, but especially after seeing Gain Capital pre-released healthy Q1 results when Gain announced its rejection of FXCM’s takeover bid and acquisition of GFT, using its much-improved Q1 results as reasoning to shareholders to “go it alone” and reject FXCM. Gain shareholders haven’t exactly agreed, sending Gain shares down by some 20% since rejecting FXCM and buying GFT.

We’ll see how the market reacts to FXCM’s numbers later today when markets open in New York. Stay tuned to LeapRate…

FXCM reports record volumes Conclusion

For more information about currency trading brokers visit TopForexBrokers.com Forex brokers comparison website, Tip ForexSQ.com foreign exchange trading
experts please by share this article about FXCM reports record volumes

In this article