GAIN Capital lost the most and FXCM kept increasing its market share, now firmly holding a third of the total U.S. foreign exchange market, while IB’s market share rose by a full percentage point to 7%.
The CFTC issued its regular set of detailed data from reporting Futures Commission Merchants (FCMs) as of the end of August. While the foreign exchange market was silently preparing for the sharpest spike in FX Volatility and trading since the beginning of the year, retail Forex funds have registered a modest drop by 2%.
After July’s steady increase, August didn’t bring in more client funds despite FX volatility and trading volumes slowly ticking up. Total retail forex funds dropped by $12.3 million, with GAIN Capital Holdings (NYSE:GCAP) shedding the most - $8.5 million, followed by OANDA with $3.3 million.
With FXCM Inc (NYSE:FXCM) losing $1.6 million, the top three brokers reported declines in retail forex funds in August. That said all of them reported much larger increases in July. The brokerage which stands out is the Interactive Brokers Group (NASDAQ:IBKR), which reported an increase by $4.4 million, which is an impressive rise by more than 11%.
In the view of Forex Magnates this big increase for Interactive Brokers, can be attributed to clients of the multi-asset brokerage switching their trading preferences back to foreign exchange after earlier this year we’ve seen the lowest G7 FX volatility in 21 years.
Looking at the market share data, client funds at FXCM Inc (NYSE:FXCM) holds 33% as of August (before acquiring the MT4 accounts from IBFX), which is higher by 1% when compared to July. Interactive Brokers (NASDAQ:IBKR) is the other FCM rising its market share by a full percentage point to 7% of the U.S. market.
OANDA and GAIN Capital Holdings (NYSE:GCAP) both lost ground, shedding 1%, with MB Trading, KCG America and IBFX all remaining unchanged. Expect the market share pie chart to change markedly next month as the data for September will take into account FXCM Inc’s (NYSE:FXCM) acquisition of IBFX’s MT4 accounts. The latter has announced that it will be focusing to offer the company's TradeStation solution to institutional clients.
The CFTC issued its regular set of detailed data from reporting Futures Commission Merchants (FCMs) as of the end of August. While the foreign exchange market was silently preparing for the sharpest spike in FX Volatility and trading since the beginning of the year, retail Forex funds have registered a modest drop by 2%.
After July’s steady increase, August didn’t bring in more client funds despite FX volatility and trading volumes slowly ticking up. Total retail forex funds dropped by $12.3 million, with GAIN Capital Holdings (NYSE:GCAP) shedding the most - $8.5 million, followed by OANDA with $3.3 million.
With FXCM Inc (NYSE:FXCM) losing $1.6 million, the top three brokers reported declines in retail forex funds in August. That said all of them reported much larger increases in July. The brokerage which stands out is the Interactive Brokers Group (NASDAQ:IBKR), which reported an increase by $4.4 million, which is an impressive rise by more than 11%.
In the view of Forex Magnates this big increase for Interactive Brokers, can be attributed to clients of the multi-asset brokerage switching their trading preferences back to foreign exchange after earlier this year we’ve seen the lowest G7 FX volatility in 21 years.
Looking at the market share data, client funds at FXCM Inc (NYSE:FXCM) holds 33% as of August (before acquiring the MT4 accounts from IBFX), which is higher by 1% when compared to July. Interactive Brokers (NASDAQ:IBKR) is the other FCM rising its market share by a full percentage point to 7% of the U.S. market.
OANDA and GAIN Capital Holdings (NYSE:GCAP) both lost ground, shedding 1%, with MB Trading, KCG America and IBFX all remaining unchanged. Expect the market share pie chart to change markedly next month as the data for September will take into account FXCM Inc’s (NYSE:FXCM) acquisition of IBFX’s MT4 accounts. The latter has announced that it will be focusing to offer the company's TradeStation solution to institutional clients.
UK Chancellor Jeremy Hunt Clashes with FCA over Controversial “Name and Shame” Policy
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
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
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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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
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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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
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
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
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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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
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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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.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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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
Register now to secure your spot: https://bit.ly/3JbUpCK
#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.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
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.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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