in forex landscape, as well as smarter ways to achieve operational efficiencies and lower costs. The growing adoption of the, fX Global Code of Conduct, which is enforcing higher standards of conduct across the industry. High profile brokers like m, Oanda or Saxo Bank do not offer special promotions for new traders as their market positions allowed them to boost margins instead of fighting for market share. Brokers like IC Markets, Direct FX, Oanda, XM, Hot Forex or m were left without a scratch and were fast to seize on the opportunity to attract more clients from the distressed brokers. Electronic trading platforms are well positioned to become the buy sides partner of choice for independent trade analytics. Just like Gain Capital, Oanda has been unable to expand successfully in other countries as the US regulation has led to brokers being noncompetitive in the global market, as there are much better options for non-US traders. This is why it has a very high average volume per client compared to other brokers. However, the result of the tough EU regulation was the emergence of Australian brokers as the global leaders in terms of growth. The broker is very popular among day traders and high volume traders because of its combination of low spreads, excellent execution and high leverage. Says James Robertsson, and he seems to be spot on if you look at how the forex industry developed. Winners : Saxo Bank, m, IC Markets, Direct FX, Pepperstone Losers : fxcm, m, Oanda, Interactive Brokers, GMO Click Securities Main features: Leverage, Spreads and Execution Leverage plays an important role in increasing the volumes of traders.
While they dont represent a high percentage of the total number of retail clients, high frequency traders (also known as day traders) account for a large share of total volumes as they place a lot of trades daily. Another big name that was affected is fxcm. Traders who do their due diligence well are more likely to choose a broker with lower spreads. The focus on accessing deeper liquidity and achieving greater operational efficiencies is driving the sophistication of buy side market participants. Because of its size, the stock market offers greater liquidity, which means that investors may be able to enjoy lower transaction costs and more easily enter and exit trades. GMO Click Securities.1 Billion USD daily volume GMO Click Securities is the largest Japanese forex broker, although it is registered in Hong Kong. There are also clear winners from the SNB shock. The SNB shock and how it affected the major forex brokers. On 3 January, investor concern about the health of the global economy triggered a mini flash crash that was accentuated by low liquidity between the New York close and the Tokyo open (on a Japanese holiday causing the Japanese Yen to soar against the.S. At the forefront of these smarter tools are execution algorithms.