Comments on: Top Forex Brokers report over $105B in daily traded volume

By: forex broker

forex broker — Fri, 17 Jul 2009 01:43:49 +0000

It’s nice to know the latest reports on this kind of business.In order to know the results and series of updates.

Thanks for this post!

By: Top retail Forex brokers report well over $100B in daily traded … | Business News

Fri, 19 Jun 2009 21:44:39 +0000

[...] the rest of this great post here Share and [...]

By: G

Thu, 04 Jun 2009 02:11:31 +0000

Hi Michael,

Great site and excellent post. Its about time someone did something like this .

A couple of comments and questions about this post:

I am a little confused about CMC. You mention that they don’t disclose their volume and yet you have them listed as doing 50 yards a month. Is this an estimate?

Also I noticed your numbers don’t quite add up. You are adding the rounded estimates. If you add the monthly figures, you get 2092bn monthly. Divide that out by 22 trading days and you get 95bn a day. About 10% less than your figure. Also I suspect many of these brokers are beefing up their numbers. Either way I think it’s a pretty good estimate and I suspect smaller brokers are adding a lot of volume to this. Lets not forget that there are hundreds of them out there. Your list is comprehensive as far as western firms but you neglect other regions. Just South Korea and Japan alone would add a significant amount. I wouldn’t be surprised if the total number is between 150bn and 200bn.

BTW – other’s comments on this post don’t seem to be visible

By: Trade The Forex - Make Money

Trade The Forex - Make Money — Sun, 31 May 2009 19:17:10 +0000

[...] Wonder who the biggest forex brokers are? Well, FXCM ranks #1 – clearly beating out their competition. [...]

By: Proposed NFA Capital Requirement - Page 58 - Forex Trading

Proposed NFA Capital Requirement - Page 58 - Forex Trading — Thu, 28 May 2009 20:52:14 +0000

[...] has released an interesting new survey on forex broker trading volumes (in the billions). Top retail Forex brokers report well over $100B in daily traded volume | Forex Magnates Monthly Trading Volume 1. FXCM $560,000,000,000 2. Oanda $338,000,000,000 3. Saxo Bank [...]