After consecutive increases in its market share, IG US has suffered a slight drop in retail deposits in June 2020.
Data from the US securities regulator for June shows that all registered retail FX platforms added less than $5 million in clients’ deposits. The less than 1 percent increase came as trading activity surged in other segments. This was amid a boom in retail investments during an unprecedented time for financial markets.
After consecutive increases in its market share, IG US suffered a slight drop in retail deposits in June 2020. Specifically, the broker’s net balances decreased by $118,000, or 1 percent, to $20.7 million. In contrast, the US arm of Europe’s largest spread has been the best performer over the last year, after recording an overall rise of nearly 600 percent in traders' deposits. This is relative to the figures it made when the company re-launched its operations a year ago.
Other highlights from the CFTC’s monthly report shows that Interactive Brokers LLC (NASDAQ:IBKR) has racked up $3.8 million in additional deposits. This stood at $64.4 million in June 2020. In the same month, the electronic brokerage segment at Interactive Brokers, which deals with clearance and settlement of trades for individual and institutional clients globally, experienced a rush of activity with volumes rising by 131 percent year-on-year and nearly 13 percent on a monthly basis.
Meanwhile in July, GAIN Capital saw an increase of nearly $1 million, while retail funds at OANDA Corporation plummeted. The funds dropped by more than $320,000. Additionally, TD Ameritrade showed some minor changes in clients deposits, having risen by $618,00 or 1 percent month-over-month.
The chart listed below outlines the full list of all FCMs that held Retail ForexObligations in the month ending June 30, 2020. For purposes of comparison, the figures have been included against their May 2020 counterparts to illustrate disparities.
Data from the US securities regulator for June shows that all registered retail FX platforms added less than $5 million in clients’ deposits. The less than 1 percent increase came as trading activity surged in other segments. This was amid a boom in retail investments during an unprecedented time for financial markets.
After consecutive increases in its market share, IG US suffered a slight drop in retail deposits in June 2020. Specifically, the broker’s net balances decreased by $118,000, or 1 percent, to $20.7 million. In contrast, the US arm of Europe’s largest spread has been the best performer over the last year, after recording an overall rise of nearly 600 percent in traders' deposits. This is relative to the figures it made when the company re-launched its operations a year ago.
Other highlights from the CFTC’s monthly report shows that Interactive Brokers LLC (NASDAQ:IBKR) has racked up $3.8 million in additional deposits. This stood at $64.4 million in June 2020. In the same month, the electronic brokerage segment at Interactive Brokers, which deals with clearance and settlement of trades for individual and institutional clients globally, experienced a rush of activity with volumes rising by 131 percent year-on-year and nearly 13 percent on a monthly basis.
Meanwhile in July, GAIN Capital saw an increase of nearly $1 million, while retail funds at OANDA Corporation plummeted. The funds dropped by more than $320,000. Additionally, TD Ameritrade showed some minor changes in clients deposits, having risen by $618,00 or 1 percent month-over-month.
The chart listed below outlines the full list of all FCMs that held Retail ForexObligations in the month ending June 30, 2020. For purposes of comparison, the figures have been included against their May 2020 counterparts to illustrate disparities.
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
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#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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