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Broker Volume

  • #1
  • First Post: Apr 29, 2014 12:07pm Apr 29, 2014 12:07pm
I was looking at this volume comparison from Myfxbook. Going by these volumes of various brokers it seems that FXCM has one of the lowest volumes.

Can someone explain this to me please? Maybe I am missing something here but I would have thought that the largest broker outside of Japan by turnover would have the highest volume. Citifx doesn't fair any better considering they are a bank.

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  • #2
  • Apr 29, 2014 1:36pm Apr 29, 2014 1:36pm
Isn't it the volume that passes through accounts connected to Myfxbook? If so, then it explains your concern. Myfxbook's popularity differs among traders of various regions, so the volume breakdown may be skewed significantly.
  • #3
  • Last Post: Apr 29, 2014 2:29pm Apr 29, 2014 2:29pm
Quoting enivid
Isn't it the volume that passes through accounts connected to Myfxbook? If so, then it explains your concern. Myfxbook's popularity differs among traders of various regions, so the volume breakdown may be skewed significantly.
That is quite a valid answer. I doubt though that Lmax would have many accounts connected to Myfxbook as most traders would be using either Multicharts or their webtrader platform and not MT4.
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