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Gain Capital’s Retail FX Funds Drop $4.5 Million in June, CFTC Data Shows

by Aziz Abdel-Qader
  • Two of the four FX firms listed notched increases in Retail Forex Obligations.
Gain Capital’s Retail FX Funds Drop $4.5 Million in June, CFTC Data Shows
Bloomberg, GAIN Capital's CEO Glenn Stevens
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Data from the US securities regulator for June showד that Gain Capital lost more than $4.5 million in retail Forex deposits. Overall, the CFTC’s monthly report shows that balances of US retail traders have been largely flat or skewed slightly negatively during the reported period.

According to the agency, the FX funds held at registered brokerages operating in the United States, including FCMs that are registered as Retail Foreign Exchange Dealers (RFEDs) and those included as broker-dealers, came in at $533.8 million in June 2018, which is a marginal retreat of one percent month-over-month compared with the $537.7 million reported in May 2018.

Two of the four FX firms listed notched increases in Retail Forex Obligations including Interactive Brokers and TD AMERITRADE.

Meanwhile, GAIN Capital saw a drop of $4.6 million, or nearly two percent month-over-month. Further, retail funds at OANDA Corporation also slumped by nearly $700,000 in June 2018.

Looking at the market share of different brokers, the distribution slightly changed in June relative to the month prior. GAIN Capital remained the leader in terms of market share, commanding a 46.0 percent share, lower one point relative to the last ranking. OANDA also solidified its stance as the second largest in the US with 35.0 percent market share, up one percent over last month. TD Ameritrade and Interactive Brokers retain a 13 and six percent share respectively.

The chart listed below outlines the full list of all FCMs that held Retail Forex Obligations in the month ending on June 30, 2018 – for purposes of comparison, the figures have been included against their May 2018 counterparts to illustrate disparities.

Data from the US securities regulator for June showד that Gain Capital lost more than $4.5 million in retail Forex deposits. Overall, the CFTC’s monthly report shows that balances of US retail traders have been largely flat or skewed slightly negatively during the reported period.

According to the agency, the FX funds held at registered brokerages operating in the United States, including FCMs that are registered as Retail Foreign Exchange Dealers (RFEDs) and those included as broker-dealers, came in at $533.8 million in June 2018, which is a marginal retreat of one percent month-over-month compared with the $537.7 million reported in May 2018.

Two of the four FX firms listed notched increases in Retail Forex Obligations including Interactive Brokers and TD AMERITRADE.

Meanwhile, GAIN Capital saw a drop of $4.6 million, or nearly two percent month-over-month. Further, retail funds at OANDA Corporation also slumped by nearly $700,000 in June 2018.

Looking at the market share of different brokers, the distribution slightly changed in June relative to the month prior. GAIN Capital remained the leader in terms of market share, commanding a 46.0 percent share, lower one point relative to the last ranking. OANDA also solidified its stance as the second largest in the US with 35.0 percent market share, up one percent over last month. TD Ameritrade and Interactive Brokers retain a 13 and six percent share respectively.

The chart listed below outlines the full list of all FCMs that held Retail Forex Obligations in the month ending on June 30, 2018 – for purposes of comparison, the figures have been included against their May 2018 counterparts to illustrate disparities.

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