GAIN Capital was the worst performer, having lost $5.2 million in retail traders’ funds, to $217.8 million.
Retail FX deposits at US brokerages, including FCMs that are registered as Retail Foreign Exchange Dealers (RFEDs) and broker-dealers, rose in November by $1.8 million, data from the Commodity Futures Trading Commission (CFTC) showed today.
Specifically, the FX funds held at the US-based brokers came in at $582.3 million in November 2020, which is slightly higher compared with $580.5 million reported in the prior month.
Before we go any further, let us point out that the retail FX deposits in the United States has shrunk by more than 10 percent year over year, allowing fewer brokers to improve their metrics as far as fundamentals go.
Three of the five FX firms reported a decline in its clients’ assets in November 2020. GAIN Capital was the worst performer, having lost $5.2 million in retail traders’ funds, to $217.8 million, which is down 2 percent over a monthly basis. However, the largest FX broker in the United States remained the leader in terms of market share, commanding a 37 percent share.
Compared to a year earlier, GAIN Capital saw a decrease of nearly $29 million or 12 percent.
The list of firms that registered a monthly drop in Retail Forex Obligations includes OANDA Corporation and TD AMERITRADE.
After consecutive drops in its market share, the best performer for the month was Interactive Brokers which saw an overall rise of $11.8 million to $71.4 million. That compares to only $59 million at the end of October, or an increase by 20 percent month-over-month.
As such, the Connecticut-based company has moved past TD Ameritrade in the rankings as the company managed to score a rebound, paring all losses incurred over the past few months. The largest US electronic brokerage firm, as measured by DARTs, overtook TD Ameritrade as the US third-largest holder of retail FX funds —something that has happened a number of times over recent months as both companies duke it out for dominance.
Moreover, OANDA solidified its stance as the second-largest electronic brokerage firm in the US with 33 percent.
The chart listed below outlines the full list of all FCMs that held Retail Forex Obligations in the month ending on November 30, 2020. For purposes of comparison, the figures have been included against their October 2020 counterparts to illustrate disparities.
Retail FX deposits at US brokerages, including FCMs that are registered as Retail Foreign Exchange Dealers (RFEDs) and broker-dealers, rose in November by $1.8 million, data from the Commodity Futures Trading Commission (CFTC) showed today.
Specifically, the FX funds held at the US-based brokers came in at $582.3 million in November 2020, which is slightly higher compared with $580.5 million reported in the prior month.
Before we go any further, let us point out that the retail FX deposits in the United States has shrunk by more than 10 percent year over year, allowing fewer brokers to improve their metrics as far as fundamentals go.
Three of the five FX firms reported a decline in its clients’ assets in November 2020. GAIN Capital was the worst performer, having lost $5.2 million in retail traders’ funds, to $217.8 million, which is down 2 percent over a monthly basis. However, the largest FX broker in the United States remained the leader in terms of market share, commanding a 37 percent share.
Compared to a year earlier, GAIN Capital saw a decrease of nearly $29 million or 12 percent.
The list of firms that registered a monthly drop in Retail Forex Obligations includes OANDA Corporation and TD AMERITRADE.
After consecutive drops in its market share, the best performer for the month was Interactive Brokers which saw an overall rise of $11.8 million to $71.4 million. That compares to only $59 million at the end of October, or an increase by 20 percent month-over-month.
As such, the Connecticut-based company has moved past TD Ameritrade in the rankings as the company managed to score a rebound, paring all losses incurred over the past few months. The largest US electronic brokerage firm, as measured by DARTs, overtook TD Ameritrade as the US third-largest holder of retail FX funds —something that has happened a number of times over recent months as both companies duke it out for dominance.
Moreover, OANDA solidified its stance as the second-largest electronic brokerage firm in the US with 33 percent.
The chart listed below outlines the full list of all FCMs that held Retail Forex Obligations in the month ending on November 30, 2020. For purposes of comparison, the figures have been included against their October 2020 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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