FX Volume on GMO Click Dives in April

Japanese brokerage GMO Click has followed the overall industry trend to report a decline in the trading activities of April. The latest figures published by the broker show that the total trading volume for the month on FX Neo came in at 98.4 trillion yen, which is 15.8 percent lower than the previous month.

Additionally, the figure was down on a yearly chart by around 8.5 percent. In April 2020, GMO Click reported a total monthly volume of 107.5 trillion yen while the figures for March 2021 stood at 117 trillion yen. The platform’s volume peaked in March 2020 with 189 trillion yen that makes the latest figures dull.

The broker ended the month with a total of 711,700 accounts on FX Neo, which is up from the previous month’s total of 709,122.

GMO Click is one of the largest retail foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term venues in Japan, primarily managing two Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term platforms, FX Neo, which offers retail trading services, and Click 365, daily FX futures exchange.

Ending 2020 with an Impressive Run

Earlier, Finance Magnates reported that the annual retail FX demand on GMO Click surpassed $1 trillion in total volumes in 2020, which is considered to be a significant milestone for trading platforms.

For Click 365, the monthly transaction volumes for April went down by 38.7 percent month-over-month while the drop was around 27 percent when compared with the same month of the previous year. It added 2,622 new accounts in the month, ending with a total of 608,011.

Furthermore, demand for stock trading showed a similar declining trend. GMO Click reported a daily average stock trading volume of 48.2 billion yen in April, which is down from 59.1 billion yen in March and 58.2 billion yen in April 2020. The total trading volume for the month remained at 1.01 trillion yen.