Breaking: FXCM Prepares MetaTrader 5 Launch, UK Revenues for 2016 Rise

FXCM UK is preparing to launch a MetaTrader 5 offering and a web-based version of the company's own Trading Station platform. The change underscores the success of the shift away from MetaTrader 4, which was actively started by the software developer of the platform, MetaQuotes.

The move could be the needed final boost that MetaTrader 5 needs in order to cement the transition of clients from the legacy MetaTrader 4 platform. MetaQuotes has been actively expanding its client list and has been increasing support fees for the older version of the most popular Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term in the industry.

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In a filing with the UK Companies House, the FCA regulated subsidiary of FXCM highlights that it is not facing any regulatory backlash in the aftermath of the CFTC & NFA settlement with Forex Capital Markets LLC earlier this year. The company was the parent of FXCM UK.

FXCM UK 2016 Financials

FXCM UK has posted its official annual report with the UK Companies House, outlining that the company posted an increase in revenues of 59 percent to $87 million. The firm marked a profit before tax totaling $2.3 million, compared to a loss of $19 million in 2015. The numbers are substantially different due to the extraordinary events on the 15th of January 2015, when the Swiss National Bank removed the floor from the EUR/CHF exchange rate.

Client funds decreased materially in 2016, falling to $348.5 million, a decline of 19.5 percent. The number reflects subdued client trading activity in the aftermath of Brexit Brexit Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Brexit stands for British Exit, or in reference to the United Kingdom’s decision to formally leave the European Union (EU) as declared in a June 23, 2016 referendum. In a more immediate sense, a tight vote and unexpected result helped drive British pound (GBP) to lows that had not been seen in decades.The day following the referendum, former Prime Minister David Cameron resigned from office where he was replaced by Theresa May, who later resigned from office on June 7th, 2019. Active Prime Minis Read this Term and the US election, which were the main triggers for FX traders last year. Retail trading volumes declined by just over 7 percent to $2.3 trillion.

The firm’s regulatory capital increased by 9 percent to $83.4 million, with the company’s Tier 1 capital ratio amounting to 30.3 percent, up from 22.1 percent in 2015. FXCM UK marked a net loss for the full year, amounting to $7.8 million after marking a $9.5 million deferred tax charge.