Gaitame’s Volumes Rise in August

Gaitame is the last Japanese broker that reports solid volumes during these months. After summer month collapse Gaitame, Japanese Forex broker giant. The broker has published its trading volumes for the month of August.  It displayed a strong upraise in transaction volume.

The months of June and July were quite sluggish in the forex space. Many brokers and trading providers announced a decline in buyer activity during the past two months. However, August noticeably restored sturdy trading for many broker companies.

Gaitame followed the trend too. By the end of August, the Japanese firm has already gained 498,028 accounts. This is higher than the number of accounts by the end of July, which was 496,234. The number grew by 0.4 percent. The improvement volume is in line with the average monthly account growth.

After analyzing at the deposit amount, the broker has reported that the strongest value all year is indeed in August. The amount is at around $1.1 billion, which is approximately ¥114.8bil. The deposit is slightly higher by 1.04 percent.

Comparing the data from August of 2018, the deposit amount advanced. Last year’s August had a deposit amount of ¥113.7bil. Therefore, last month’s figure is considerably higher by 0.9 percent.

Gaitame’s solid transaction volume in August

So far, the Japanese broker has been trying to report stable transaction volumes this year. The most profitable month with the highest transaction level was January, with the volume of ¥272.2bill…, no other month has been able to come close to this figure, so far.

However, August managed to report a transaction volume of ¥270.9 billion. This is considerably higher than the ¥143.5bil. Transaction figure of July. In fact, it is higher by 88.8 percent on the monthly comparison. As a result, August of 2019’s transaction volume has grown by 27.2 percent.