A new US retail forex broker is born – OptionsXpress registers as an RFED

As expected OptionXpress has registered as an RFED with the CFTC and will soon become open for retail forex business.

As expected OptionXpress has registered as an RFED with the CFTC and will soon become open for retail forex business. XPRESSTRADE, LLC (www.xtfx.com) is capitalized at $22,841,980 and already has $17,720 in retail forex customers obligations. OptionsXpress is the second ‘traditional’ broker to start offering retail foreign exchange after TradeStation.

For now there’s no real forex offering on OptionXpress’s website but this should change soon as its RFED status has been approved.

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Also interesting to note that Institutional Liquidity (another recently formed RFED) has jumped from $44,941 in retail forex obligations in June 2011 to $1,170,601 in July.

Grab your latest copy of the Forex Magnates Retail Forex Industry Report.

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