IG US was the best performer among retail FX brokers in the US, after racking up $23.7 million in customer deposits.
Data from the US securities regulator for October shows that all registered retail FX platforms added less than $1 million in clients’ deposits. The less than 1 percent increase came as trading activity surged in other segments. This was amid a boom in retail investments during an unprecedented time for financial markets.
IG US was the best performer among retail FX brokers in the United States, after racking up $23.7 million in customer deposits in October, which is up 9 percent from the month earlier.
Other highlights from the CFTC’s monthly report shows that OANDA Corporation has won $3.5 million in additional deposits. The Canadian broker’s totals for this segment stood at $205 million in October 2020.
In contrast, Interactive Brokers LLC (NASDAQ:IBKR) lost nearly $4.6 million in retail Forex deposits, or 7 percent compared to the figure of September, which stood at $59 million.
In the same month, the electronic brokerage segment at Interactive Brokers, which deals with clearance and settlement of trades for individual and institutional clients globally, also saw a 10 percent drop in daily average revenue trades or DARTs. However, the discount broker experienced a rush of activity in November with volumes raising to a record 2.29 million trades.
The mixed turnover comes as Interactive Brokers has won more clients as volatile markets and renewed stay-at-home restrictions had seemingly amplified interest from retail investors. November’s active accounts increased to 1.03 million, or 3 percent higher from the previous month when this metric crossed the one million milestone for the first time in the company’s 42-year history.
Meanwhile, in July, GAIN Capital saw a decrease of nearly $612,000 million. Additionally, TD Ameritrade showed some minor changes in clients deposits, having risen by $584,00 or 1 percent month-over-month.
Overall, the CFTC’s latest monthly report shows that balances of US retail traders skewed slightly higher during the reported period.
The chart listed below outlines the full list of all FCMs that held Retail Forex Obligations in the month ending 30 October 2020. For purposes of comparison, the figures have been included against their September 2020 counterparts to illustrate disparities.
Data from the US securities regulator for October shows that all registered retail FX platforms added less than $1 million in clients’ deposits. The less than 1 percent increase came as trading activity surged in other segments. This was amid a boom in retail investments during an unprecedented time for financial markets.
IG US was the best performer among retail FX brokers in the United States, after racking up $23.7 million in customer deposits in October, which is up 9 percent from the month earlier.
Other highlights from the CFTC’s monthly report shows that OANDA Corporation has won $3.5 million in additional deposits. The Canadian broker’s totals for this segment stood at $205 million in October 2020.
In contrast, Interactive Brokers LLC (NASDAQ:IBKR) lost nearly $4.6 million in retail Forex deposits, or 7 percent compared to the figure of September, which stood at $59 million.
In the same month, the electronic brokerage segment at Interactive Brokers, which deals with clearance and settlement of trades for individual and institutional clients globally, also saw a 10 percent drop in daily average revenue trades or DARTs. However, the discount broker experienced a rush of activity in November with volumes raising to a record 2.29 million trades.
The mixed turnover comes as Interactive Brokers has won more clients as volatile markets and renewed stay-at-home restrictions had seemingly amplified interest from retail investors. November’s active accounts increased to 1.03 million, or 3 percent higher from the previous month when this metric crossed the one million milestone for the first time in the company’s 42-year history.
Meanwhile, in July, GAIN Capital saw a decrease of nearly $612,000 million. Additionally, TD Ameritrade showed some minor changes in clients deposits, having risen by $584,00 or 1 percent month-over-month.
Overall, the CFTC’s latest monthly report shows that balances of US retail traders skewed slightly higher during the reported period.
The chart listed below outlines the full list of all FCMs that held Retail Forex Obligations in the month ending 30 October 2020. For purposes of comparison, the figures have been included against their September 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!
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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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
📣 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 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
📣 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 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
📣 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
📣 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
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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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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