US forex deposits tumbled across major platforms in June 2025, with the industry posting a combined 5.8% monthly decline to $479.5 million as the dollar index continued testing multi-year lows. The persistent weakness in the American currency drove widespread outflows from retail forex accounts. The value from the most recently reported period is the lowest since we began covering these data in September 2023.

US Forex Deposits Drop 5.8% as Dollar Weakness Persists

GAIN Capital maintained its position as the industry leader despite posting a significant 5.6% monthly drop to almost $204 million in June from $215 million the previous month. The drop represented the platform's largest monthly decline in recent quarters as retail traders pulled back from forex markets.

Charles Schwab saw a modest 0.96% increase to $62.1 million, bucking the broader industry trend. The institutional platform's resilience suggests that larger retail clients may have adopted different strategies during the prolonged dollar weakness.

Interactive Brokers posted a 1.7% decline to $34.7 million from May's $35.3 million, while tastyfx dropped significantly by 7.0% to $38.7 million. The varied performance across platforms highlighted how different client bases responded to extended currency volatility.

Dollar Weakness Creates Trading Challenges

The June figures coincided with the DXY index testing its lowest levels in more than three years, extending a six-month decline from previous two-year highs. Unlike short-term volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term spikes that typically boost trading activity, the sustained directional move created a more complex environment for retail forex participation.

Trading.com managed a modest 4.1% decline to $2.3 million, showing relative resilience among smaller platforms. The boutique broker's performance demonstrated how specialized forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term providers navigated the challenging market conditions.

Year-Over-Year Trends Show Mixed Results

Despite the monthly declines, some platforms maintained positive year-over-year growth. Interactive Brokers showed strong annual performance with a 20.2% increase compared to June 2024, while Trading.com posted solid 5.2% yearly growth.

However, OANDA's struggles extended to annual comparisons, with deposits down 39.9% from June 2024 levels. The steep yearly decline highlighted the platform's challenges in retaining client funds during volatile currency markets.

The total industry deposits of $479.5 million represented a 16.3% decline compared to the same period in 2024, reflecting broader challenges facing US retail forex platforms amid sustained dollar weakness and changing trading patterns.

Regulatory oversight remains robust, with all examined brokers continuing to meet CFTC capital requirements despite the challenging market environment. The monthly reporting framework provides crucial transparency into how retail forex platforms perform during various market cycles.

Understanding CFTC Reporting Requirements

The monthly deposit figures come from mandatory regulatory filings that provide crucial transparency into the retail forex industry. These reports are required by federal law and serve multiple important purposes for market oversight and consumer protection.

Futures Commission Merchants (FCMs) and Retail Foreign Exchange Dealers (RFEDs) must submit detailed monthly reports to the Commodity Futures Trading Commission. These companies handle customer funds for forex trading and derivatives transactions, making them subject to strict regulatory oversight.

The reporting system also helps identify industry trends and potential risks before they become systemic problems. Regulators can spot unusual deposit flows, capital adequacy issues, or emerging market pressures that might threaten customer funds or market stability.