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    Broker Updates on Apr. 12-18

    Abstract:IC Markets trading volume in the first quarter of 2021 surged with $ 2.84 trillion, setting a record.

      Vietnam

      Trading Volume

      1. IC Markets trading volume in the first quarter of 2021 surged with $ 2.84 trillion, setting a record, of which the March 2021 single transaction volume on the platform was 1.04 thousand billion dollars.

      The growth in March in monthly trading volume set a record as the numbers were even higher than in March 2020 when the market was under volatility due to Covid.

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      New Record

      2. Exness reported a record monthly trading volume in March at $ 930.6 billion.

      Total volume for March was significantly higher than the previous month, with an increase of nearly 39% amid a trading industry struggling with market volatility due to Covid.

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      Broker Acquisition

      3. ABK Holding JSC, which operates several brands in the trade industry, is in the process of acquiring Cresco Capital Markets (UK) Ltd, known as the trade name CrescoFX, based in London.

      ABK co-founders, Murat Kutay Yildirim and Gokalp Icer have agreed to the terms and conditions of the acquisition agreement, which are currently awaiting UK FCA's approval. However, the companies above did not disclose information about the specific financial value of this deal.

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      Increased Trading Volume

      4. The Saxo Bank has released its trading statistics for March, showing that the demand for trading Forex (Forex) and stocks has increased significantly.

      Total monthly transaction volume has increased by more than 30% from $ 302.4 billion to $ 393.4 billion. In March, the total forex trading volume was $ 170.5 billion. A massive 42% gain from February at $ 119.8 billion. Average daily Forex trading volume also increased to $ 7.4 billion from the previous month to $ 6 billion, solid monthly increase of 23.3%.

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      Indonesia

      Mass Fraud

      5. The TGX Markets broker has carried out manipulation and fraud against dozens of customers in Indonesia. The number is not half-hearted, reaching a total of hundreds of millions.

      Currently, TGX Markerts has received a lot of fraud reports by embezzling customer funds in Indonesia. No half-hearted, the total of this value reaches hundreds of millions of rupiah, even has the potential to continue to increase. Their mode is to cancel customer withdrawals, make customer balances empty and block customer accounts unilaterally.

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      Thailand

      Forex Scam

      6. According to the DSI investigated In the event of being persuaded to invest in Forex trading through the website www.avamember.com Which is conditional that the investment can be withdrawn at the end of 2 years, the profit will be withdrawn when the profit reaches 200 US dollars, which later the petitioner. Can not withdraw such money. Therefore requesting the injured person from joint investment to inform information about the case And answer online questionnaires It is expected that many investors have been deceived.

      Moreover, on the WikiFX platform, there have been many investors from Thailand complaining that they are unable to withdraw their funds.

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      Japan

      Transaction Data

      7. Over-The-Counter Retail FX Margin Trading / Regarding Required Amount for Separate Management (Deposit Amount Information)

    Period Required amount for separate management Required amount for separate management net increase/decrease ④Separate customer money trust amount Percentage of separate customer money trust
    Year Month ①Customer deposit amount in that Month ②Customer withdrawal amount in that month ③Required amount at the end of that month =③- previous month's ③-①+② (as of the last day of that month) =④/③*100
    2021 2 (Yen) (Yen) (Yen) (Yen) (Yen)
    173,836,889,260 160,207,465,877 1,442,656,591,832 -12,263,280,043 1,496,809,053,165 103.75
    2021 1 168,111,693,326 158,346,055,974 1,441,290,448,493 19,609,054,801 1,479,544,713,245 102.65
    2020 12 173,029,212,518 156,619,397,460 1,411,915,756,340 -13,439,325,238 1,459,216,539,868 103.35
    2020 11 166,867,801,283 154,886,118,675 1,408,945,266,521 28,054,003,224 1,458,115,334,035 103.48
    2020 10 148,870,079,650 137,037,614,896 1,368,909,580,689 -16,059,577,932 1,410,076,473,914 103.00
    2020 9 167,069,526,284 147,987,674,339 1,373,136,693,867 -5,353,010,112 1,412,088,224,780 102.83
    2020 8 153,239,235,927 136,757,575,987 1,359,407,852,035 4,206,902,473 1,398,859,573,519 102.90
    2020 7 185,311,101,222 142,762,544,493 1,338,719,289,621 -38,777,363,062 1,376,531,821,875 102.82
    2020 6 207,673,973,479 177,432,787,573 1,334,948,095,954 -10,846,471,349 1,368,619,019,144 102.52
    2020 5 167,605,433,554 146,236,640,479 1,315,553,381,396 31,842,195,382 1,357,299,551,609 103.17
    2020 4 208,075,404,973 194,144,843,387 1,262,342,392,940 3,742,120,154 1,308,922,204,833 103.68
    2020 3 446,667,574,101 324,406,790,221 1,244,669,711,201 -176,901,776,192 1,296,328,343,347 104.15
    2020 2 185,075,315,577 163,401,347,992 1,299,310,703,513 -65,034,790,980 1,401,527,891,766 107.86
    2020 1 175,692,074,652 155,742,259,598 1,342,671,526,909 -40,866,835,967 1,412,100,399,526 105.17

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    • Australia Dollar
    • Canadian Dollar
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    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
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    • Singapore Dollar
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