Following what was a somewhat slow May, FX trading volumes at Retail FX brokerage house Gain Capital rose sharply by 24% MoM in June, totaling $222.3 billion. Gain’s average daily volume of $10.1 billion in June was 19% above May’s $8.5B.

The number of active traders fell however during June, at 93,433 active OTC accounts (on a rolling 3-month basis) versus 96,774 in May.

As per the chart above, June was Gain Capital’s strongest month so far this year, save for the wild month of March where Covid-19 related panic trading shot volumes up to a multi-year high of $389 billion. To give some perspective June’s $222.3 billion result was better than every month of 2019 at Gain, when volumes averaged $153.6 billion monthly.

The June volumes report might be one of the last ones we receive from publicly traded Gain Capital. The company, which operates the global Forex.com and UK-centric City Index online trading brands, is slated to close its $236 million acquisition by StoneX at some point during Q3.