LeapRate Retail FX Volume Index climbs 1% in October to $286B daily
Is Forex Trading Halal explained by professional Forex trading experts the “ForexSQ” FX trading team.
Is Forex Trading Halal or Haram?
October was somewhat of a strange month in the forex world — at least as far as trading volumes go. While all major institutional FX ECN platforms — including Thomson Reuters, FXall, ICAP EBS (LON:IAP) and the CME Group (NASDAQ:CME) — reported declining volumes, retail forex dealers such as FXCM (NYSE:FXCM), Gain Capital (NYSE:GCAP), and Saxo Bank saw better-than-September figures.
Indeed, we saw worst-in-years volume figures from institutional players EBS and CME Group, at a time when retail forex brokers barely blinked.
So how does this all total up?
LeapRate’s Retail FX Volume Index, sponsored by Leverate, increased overall by a modest 1% in October to average $286 billion daily, up slightly from $283 billion in September, but still the second lowest figure since last December and well below the record retail FX volumes of $329 billion daily seen back in June.
Is Forex Trading Halal or Haram Conclusion
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