Last month, IG Group launched its subsidiary, IG US, the first broker to enter the US market since 2009
Retail FX deposits at US brokerages, which have been struggling to eke out a profit in a strict regulatory environment, rose in January by $3.3 million, CFTC data showed on Thursday.
The brokers, including FCMs that are registered as Retail Foreign Exchange Dealers (RFEDs) and those included as broker-dealers, saw a total positive change month-over-month from December, though differences amongst each broker were more pronounced.
The prospect of loosening regulations began to revive interest in the US market among foreign brokers. Last month, London-based IG Group officially launched its United States subsidiary, IG US, the first broker to enter the US market since 2009. The move could help brighten the outlook for a retail industry that has struggled for quite some time under the provisions of the Dodd-Frank legislation.
However, the exact timeline for revised rules is unclear, but it would likely take several months at the earliest, given the scale of the reform the regulators will be implementing.
Back to the figures, the FX funds held at registered brokerages operating in the United States came in at $567.8 million in January 2019, which is one percent more than the $564.5 million reported in December 2018.
According to the CFTC dataset, three of the four FX firms listed notched increases in Retail Forex Obligations including GAIN Capital, OANDA Corporation, and TD AMERITRADE.
The best performer for the month was OANDA which saw an overall rise of $6.7 million to $202.7 million at the end of January 2019, compared to $195.9 million at the end of December, or an increase by three percent month-over-month.
Meanwhile, the single loss was made for the third consecutive month by Interactive Brokers, which saw a drop of $9 million, or nearly 14 percent month-over-month.
Looking at the market share of different brokers, the distribution slightly changed in January relative to the month prior. GAIN Capital remained the leader in terms of market share, commanding a 44 percent share. OANDA also solidified its stance as the second largest in the US with 36.0 percent market share – TD Ameritrade and Interactive Brokers retain an 11 and 10 percent share respectively.
The chart listed below outlines the full list of all FCMs that held Retail Forex Obligations in the month ending on January 31, 2019 – for purposes of comparison, the figures have been included against their December 2018 counterparts to illustrate disparities.
Retail FX deposits at US brokerages, which have been struggling to eke out a profit in a strict regulatory environment, rose in January by $3.3 million, CFTC data showed on Thursday.
The brokers, including FCMs that are registered as Retail Foreign Exchange Dealers (RFEDs) and those included as broker-dealers, saw a total positive change month-over-month from December, though differences amongst each broker were more pronounced.
The prospect of loosening regulations began to revive interest in the US market among foreign brokers. Last month, London-based IG Group officially launched its United States subsidiary, IG US, the first broker to enter the US market since 2009. The move could help brighten the outlook for a retail industry that has struggled for quite some time under the provisions of the Dodd-Frank legislation.
However, the exact timeline for revised rules is unclear, but it would likely take several months at the earliest, given the scale of the reform the regulators will be implementing.
Back to the figures, the FX funds held at registered brokerages operating in the United States came in at $567.8 million in January 2019, which is one percent more than the $564.5 million reported in December 2018.
According to the CFTC dataset, three of the four FX firms listed notched increases in Retail Forex Obligations including GAIN Capital, OANDA Corporation, and TD AMERITRADE.
The best performer for the month was OANDA which saw an overall rise of $6.7 million to $202.7 million at the end of January 2019, compared to $195.9 million at the end of December, or an increase by three percent month-over-month.
Meanwhile, the single loss was made for the third consecutive month by Interactive Brokers, which saw a drop of $9 million, or nearly 14 percent month-over-month.
Looking at the market share of different brokers, the distribution slightly changed in January relative to the month prior. GAIN Capital remained the leader in terms of market share, commanding a 44 percent share. OANDA also solidified its stance as the second largest in the US with 36.0 percent market share – TD Ameritrade and Interactive Brokers retain an 11 and 10 percent share respectively.
The chart listed below outlines the full list of all FCMs that held Retail Forex Obligations in the month ending on January 31, 2019 – for purposes of comparison, the figures have been included against their December 2018 counterparts to illustrate disparities.
58% of UK Investors Choose Professional Guidance over 'Finfluencers’
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!
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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
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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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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
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #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.
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
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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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