As every quarter Forex Magnates is conducting its retail forex market volume survey as part of the Quarterly Forex Industry Report. Below is an excerpt of survey which shows that outside Japan volumes have grown by 5.1% while including Japan they dropped 2.9%. Global retail forex volume is now $219 Billion daily and $4824 Billion monthly.
The drop in Japan is attributed to the second Leverage reduction (from max 1:50 to max 1:25) enacted this summer. Thanks to drop in Japanese volumes and slowdown of Saxo Bank, FXCM has become world's largest retail forex broker overthrowing Gaitame which until now used to be world's largest. This position may be temporary as Japanese volumes are expected to rebound however we will only see this in fourth quarter of 2011. Alpari is the fastest growing broker in this market and has leaped to 4th place among Western brokers and 7th among global (including Japan).
Full data is found in the Q3 2011 report.
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| Monthly | Daily | |
| FXCM | 321 | 14.6 |
| Saxo Bank | 232 | 10.5 |
| GFT | 200 | 9.1 |
| Alpari | 192 | 8.7 |
| Gain (forex.com) | 161 | 7.3 |
| IG Group | 160 | 7.3 |
| Oanda | 150 | 6.8 |
| FXDD | 100 | 4.5 |
| FXPro | 98 | 4.5 |
| Forex Club | 80 | 3.6 |
| FXOpen | ||
| Dukascopy | ||
| Ava FX | ||
| MIG | ||
| Interactive Brokers | ||
| CMC | ||
| FX Solutions | ||
| AC Markets/Swissquote | ||
| Interbank FX | ||
| City Index | ||
| London Capital Group | ||
| MB Trading | ||
| Citi FXPro | ||
| iForex | ||
| Advanced Markets | ||
| PFG Best | ||
| HY Markets | ||
| XTB | ||
| MF Global | ||
| Easy Forex | ||
| Barclays FX | ||
| markets.com | ||
| 4xp (ForexPlace) | ||
| thinkorswim | ||
| GoMarkets | ||
| Axis | ||
| xforex/Askobid | ||
| bforex | ||
| ActivTrades | ||
| City Credit Capital | ||
| Tradestation Forex | ||
| Deltastock | ||
| Pepperstone | ||
| Russian Brokers* | ||
| South Korean Brokers | ||
| Japanese Brokers | ||
| 500 small brokers | ||
| Total | 4824 | 219 |
