FX Broker Gaitame Reports Mixed Volumes in October - Finance Magnates

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FX Broker Gaitame Reports Mixed Volumes in October - Finance Magnates

FX Broker Gaitame Reports Mixed Volumes in October - Finance Magnates

Posted: 12 Nov 2019 02:19 AM PST

Gaitame website

Gaitame, a Japanese foreign exchange (forex) broker, has published its trading volumes for the month of October this week. Like many trading providers, the firm posted mixed results for the month.

September was a generally bad trading month for brokers, particularly in Japan. As Finance Magnates reported, the transaction volume posted by Gaitame fell by 42 per cent against the previous month.

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Whilst September produced weak results across the board, October's figures are more mixed. In particular, the forex broker recorded a transaction volume of around ¥163.0 billion ($1.5 billion). 

When measuring this against the previous month, which posted a transaction volume of ¥156.2 billion, October's transaction volume has increased by 4.3 per cent. However, it is still lower than the ¥270.9 transaction volume achieved in August.

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So far this year, the Japanese broker has been struggling with reporting solid transaction volumes. In fact, since January posted a transaction volume of ¥272.2 billion, no other month has been able to come close to this figure – except for August, with September falling into the old pattern.

Deposit amounts fall on Gaitame

Gaitaime has also published its deposit amount figures. It is here, where the broker did not perform so well in October. Specifically, the firm posted a deposit amount of ¥114.0 billion during the month.

Unlike transaction volume, the deposit amount has actually fallen on a monthly comparison, dropping from ¥114.2 billion in the previous month. As a percentage, this represents a slight decline of about 0.1 per cent.

This drop in the deposit amount comes despite the fact that the broker reported an uptick in the number of accounts during the month of October. By the end of the month, the broker had 501,793 accounts, up from 500,057 accounts from the end of September.

Is a forex broker beneficial for trading assist? - Industry Reporter

Posted: 21 Oct 2019 12:00 AM PDT

Forex trading has grown amazingly and has gained quite popularity in recent times and we expect it to grow further in the near future as the currencies become more and more crucial to trades or other finances that are governed by the currencies.

As the forex trading becomes more prevalent we need to understand why is it necessary to hire a broker for the forex trading. Although people do it themselves too with online trading platforms and their own analysis tools that help them determine what to trade and how to trade. We need to understand why we need forex brokers to aid our forex trading concerns as the forex trading scams are also rising it is very difficult to identify what is what in this busy and extremely diverse forex trading market. Brokers help the people understand the market better and give better knowledge on what to trade and what to not. Making profits through forex is an easy but also complex task at times because sometimes what may seem profitable is not really profitable and there could be a better option that only the broker will be able to identify. Brokers save your time that you could spend on research if you do it yourself. They also make use of technology better than we can imagine.

Hiring a trader will cut some money out but it will ensure that your investments won't go wrong and you won't end up losing all your investment in lieu of earning a huge profit.

Tags : Finance, Currency, Technology,

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