GAIN Capital and FXCM have both solidified their leadership positions on the U.S. retail foreign exchange market.
GAIN Capital (NYSE:GCAP) and FXCM Inc (NYSE:FXCM) have enjoyed a positive month in November, as retail client funds deposited with both brokerages ticked up in November. The data publicized by the U.S. Commodity Futures Trading Commission revealed a stagnant market, with both leaders of the pack maintaining their solid positions.
With a limited number of brokers operating in the U.S. market we are seeing more consolidation in the industry every passing year. In May 2014 we saw the exit of FXDD, with MB Trading following this year after the Acquisition by GAIN Capital.
The figures which are published by the CFTC typically lag a month, with the November report being the first that reflects the exit of MB Trading and futures broker RJ OβBrien from the retail Forex market.
Looking at the total deposits which clients held with the brokers, they have remained more or less flat. The total figure increased by about $2.9 million which is a half per cent higher than the number reported at the end of October 2015.
FXCM Inc had the biggest gains during the month with total client funds increasing by 3.35 per cent month-on-month. November has also been positive for the second largest holder of funds, GAIN Capital - the company has bettered its position with an increase of almost 2.2 per cent.
Looking at the state of play amongst all major players in the industry, Interactive Brokers (NYSE:IBKR) registered a notable decline in November, shedding almost 17.3 per cent of client funds. This particular brokerage typically registers the biggest change on a monthly basis due to the fairly large clients which it caters to.
FXCM Inc and GAIN Capital remain in the lead, with 33 and 24 per cent of the client deposits in the U.S. respectively, while OANDA is in distant third spot, holding 18 per cent. The race heats up if we look at the fourth spot by market size with Interactive Brokers, IBFX with the TradeStation platform and Canadian Wedbush Securities all showing very similar performances.
GAIN Capital (NYSE:GCAP) and FXCM Inc (NYSE:FXCM) have enjoyed a positive month in November, as retail client funds deposited with both brokerages ticked up in November. The data publicized by the U.S. Commodity Futures Trading Commission revealed a stagnant market, with both leaders of the pack maintaining their solid positions.
With a limited number of brokers operating in the U.S. market we are seeing more consolidation in the industry every passing year. In May 2014 we saw the exit of FXDD, with MB Trading following this year after the Acquisition by GAIN Capital.
The figures which are published by the CFTC typically lag a month, with the November report being the first that reflects the exit of MB Trading and futures broker RJ OβBrien from the retail Forex market.
Looking at the total deposits which clients held with the brokers, they have remained more or less flat. The total figure increased by about $2.9 million which is a half per cent higher than the number reported at the end of October 2015.
FXCM Inc had the biggest gains during the month with total client funds increasing by 3.35 per cent month-on-month. November has also been positive for the second largest holder of funds, GAIN Capital - the company has bettered its position with an increase of almost 2.2 per cent.
Looking at the state of play amongst all major players in the industry, Interactive Brokers (NYSE:IBKR) registered a notable decline in November, shedding almost 17.3 per cent of client funds. This particular brokerage typically registers the biggest change on a monthly basis due to the fairly large clients which it caters to.
FXCM Inc and GAIN Capital remain in the lead, with 33 and 24 per cent of the client deposits in the U.S. respectively, while OANDA is in distant third spot, holding 18 per cent. The race heats up if we look at the fourth spot by market size with Interactive Brokers, IBFX with the TradeStation platform and Canadian Wedbush Securities all showing very similar performances.
Cheetah Fund Investors Lose $9 Million in Alleged Fraudulent Scheme
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 π 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 π 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
π£ Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs 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 π 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
π£ Stay updated with the latest in finance and trading!
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π 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 Africaβs 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 π 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
π£ Stay updated with the latest in finance and trading!
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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
π£ Stay updated with the latest in finance and trading!
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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
π£ Stay updated with the latest in finance and trading!
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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.
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