The CFTC has posted financial figures for FCMs. During January, overall retail forex funds grew to $657 million from $641 million. Despite the increase in overall client funds, among retail focused firms, only Interactive Brokers and FXCM experienced a rise in forex customer funds. The decline in customer holdings may have been the result of volatile trading during January which may have caught traders by surprise or simply the weaker firms continuing to struggle in the US market.
Among the notable noves, net forex funds rose nearly 40% at InteractiveBrokers from $34.4 million to $47.8 million. With a large base of multi-asset traders, IB’s forex division could be benefiting from clients moving funds to the product as trading have become more active this year. Also, customer funds at Alpari were weak and fell 15% to just above $13 million. The seemingly real lack of interest among US traders for Alpari’s offering appears to be the reason the broker announced that it was launching trading schools in the country.
The FBS CopyTrade Team Presents a New 'FBS CopyStar' ContestGo to article >>