FXCM Volumes Down 13% in July on Overall Summer Decline

Along with reporting their Q2 financial report after the close of trading today, FXCM has released its July trading metrics. During the month, Retail volumes were reported at $317 billion, 13% below June’s activity and 33% above the same period in 2014. On an average daily volume (ADV) basis, trading was $13.8 billion during July which was 16% below June.

In the broker’s institutional business, FXCM reported ADV of $8.9 billion during July which was 14% lower than June and 22% below the same period in 2014. Overall, total institutional volumes were $205 billion for the month.

In other notes, FXCM reported that their retail tradeable accouts decreased 16%, or 29,482 to 158,887. FXCM pinned the decline in accounts to a dormancy fee that was charged in July, “resulting in a number of accounts no longer qualifying as tradeable.”

Overall, FXCM's July trading metrics are similar to declined experienced at other brokers and trading venues. After a healthy June, summer trading appears to be in motion with EU Grexit speculation not being enough to keep traders interested during July.