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Forex Magnates Q3 2011 Retail Forex Volume Survey – FXCM world’s largest forex broker
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 ... (full story)